RentalMatics and MapUp Join Forces to Offer Market Leading Toll Management Solution

DUBLIN 11, Ireland - May 13, 2024 - PRLog -- RentalMatics, a leading global telematics provider to the vehicle rental industry, has partnered with MapUp, a Silicon Valley startup specializing in AI-based toll intelligence and real-time billing solutions. MapUp's TollTally™ facilitates instant toll calculations and toll expense reconciliations from invoices against actual vehicle travel data, recorded through GPS tracking devices. The partnership will see RentalMatics develop an API integration with MapUp, combining GPS-based instant toll calculations with AI-powered invoice matching.

Vehicles equipped with RentalMatics tracking devices will gain near-real-time visibility into toll expenses, alongside automated reconciliation and validation of charges. Leveraging GPS journey tracking data, toll expenses can be promptly calculated and cross-referenced against toll invoices using the TollTally™ engine data. This streamlined process results in reduced wait times for billing reconciliation, expediting expense recoupment, and ensuring accurate allocation of toll charges by vehicle or by job. Manual reconciliation of toll expenses will be eradicated, mitigating the risk of human error and ensuring precise validation of charges owed.

The partnership underscores the growing global appetite among companies in the mobility sector to drive growth, streamlined billing, and improved customer experiences through connected fleets, powered by real-time technology.

"RentalMatics' telematics solution has redefined vehicle rental industry standards through cutting-edge technology such as automation, AI and Big Data. MapUp is a trailblazer in the mobility sector, embodying forward-thinking innovation, making them the ideal partner for our evolving technology platform," remarks Colm Brady, CEO and Co-founder of RentalMatics. "We are delighted to join forces to further enhance our customers' experience, making toll management and toll billing reconciliation effortless, with end users poised to gain instant insights into their toll expenses and management, on a daily or even hourly basis.

Maneesh Mahlawat, CTO and Co-founder of MapUp, adds "MapUp's TollTally™ is a natural partner for RentalMatics' customers seeking to transform and future-proof their fleet operations. We share a common vision of utilizing pioneering innovation to enhance transparency, reduce costs, and improve the overall mobility experience. MapUp is committed to driving operational excellence and delivering tangible value to the expanding RentalMatics business as they continue to reinvent service excellence in the vehicle rental and leasing industries."

Further information about RentalMatics can be found at https://www.rentalmatics.com
Further information about MapUp can be found at https://www.mapup.ai