Towcester based CMS proves business case for real-time crash detection
Software Reduces Reporting Times, Delivers Claims Savings & Boosts Telematics ROI For UK Commercial Fleets
Collision Management Systems (CMS), based in Towcester, is positioning its software-as-a-service (SaaS) solution as an essential tool for insurers and commercial fleets looking to cut insurance costs using telematics data. By delivering ‘real-time’ crash detection, CMS has proven to reduce claim costs by at least £1,600 per collision based on real world results independently validated by Plexus Law.
Core to CMS’s solution is the ability to automatically identify and filter out non-crash events generated by third party telematics devices or connected cameras. This enables fleet and claims teams to monitor and act on collision alerts in real time without having to review hundreds of false alerts a day. A fully scalable solution, CMS software is already licenced, embedded and deployed by multiple telematics and connected camera companies for their customers around the world.
To support its growth plans, CMS recently appointed Rory Maher as Sales Director. Rory’s previous roles include EMEA Sales Director for Trimble and Head of Sales for Vodafone. He comments:
“Our solution really resonates with fleet operators and insurers whose claim costs are rising despite numerous risk management initiatives."
The sheer volume of data generated by telematics means most organisations rely on drivers to report claims before retrospectively looking at telematics or video data. This delay incurs substantial costs. With CMS, they can cut through data noise, action claims instantly and deliver considerable reductions in cost for their business.”
“Our hardware agnostic solution is proven to enable a pro-active claims process, delivering significant time and money savings for fleets and insurers,” states Charles Smith, CMS founder and CEO. “Telematics and connected camera providers recognise the value of delivering ‘real-time crash detection’ to their customers and are partnering with CMS in order to deliver it. Ultimately, our aim is to be the de facto provider for this solution.
"We’re excited by the number of opportunities we have and are planning a number of announcements over the coming months.”