Lytx, a leading provider of video telematics, analytics, security and productivity solutions based on machine vision and artificial intelligence for commercial fleets, today announced a technology partnership with Xtract, world leader and pioneer of the first digital loss notification (eFNOL) and the reconstruction of accidents in real time. Lytx video can now be seamlessly added to the Xtract portal and deployed in minutes. Fleet managers can derive immediate information from an accident in order to resolve the incident efficiently and accurately, thereby reducing the overall liability for these events.
Xtract enables the digital capture of accident details with a complete reconstruction of the accident via telematics. By aggregating telematics and video data with other relevant data such as driver notes, images, weather, map, speed, vehicle details, the Xtract platform provides an accurate and rapid assessment of the incident, reducing operational expenses and exposure to liability. These benefits extend beyond the fleet to the insurance company, enabling more effective and efficient underwriting.
“Escalating insurance costs place a heavy burden on fleets. Xtract’s telematics analytics enable fleets to better manage the risk and liability associated with accidents, ”said Tim McCarthy, executive vice president of business development at Xtract. “We are delighted to partner with Lytx to integrate video telematics within the Xtract platform to resolve customer complaints around the world.
“We are delighted to welcome Xtract to the Lytx Integration Network, which connects best-in-class suppliers to fleets to deliver seamless solutions,” said Frank Schneider, Director of Strategic Partnerships and Integrations. “Xtract’s digital accident reporting and real-time accident reconstruction solution takes full advantage of Lytx’s advanced video telematics capabilities, including our machine vision and artificial intelligence technology, or MV + AI. “
To learn more about Xtract and the Lytx Integration Network, visit https://www.lytx.com/en-us/lytx-integration-network/xtract
Xtract is a global industry leader, revolutionizing the claims process with Accident Reconstruction. Xtract’s First Digital Loss Notification (eFNOL) and real-time accident reconstruction solutions improve the speed and accuracy of claims processing. Risk managers and complaints managers can identify and analyze incidents immediately to resolve complaints and effectively manage their exposure to liability. For more information visit www.xtract360.com and LinkedIn.
Tim McCarthy ([email protected])
Frank Schneider ([email protected])
Executive Vice President of Business Development
Director of Strategic Partnerships
At Lytx®, we harness the power of video to transform fleets by improving safety, efficiency, productivity and profitability. Our flagship service, the Lytx DriveCam® Safety Program, sets the standard for driver safety in the industries we serve. The Lytx Video Services℠ enhancement offers a highly configurable user interface to give fleet managers unparalleled visibility into their fleet operations, both now and up to a week later. RAIR® Compliance Services help DOT regulated fleets comply with safety regulations, complementing the DriveCam® program. The Lytx ActiveVision® service helps fleets detect and manage distractions and drowsiness, both in real time and over time, and additional services provide virtually limitless solutions for fleets and field operations. any profile. We protect more than 3,000 commercial and government fleet customers around the world that travel billions of kilometers each year. For more information visit www.lytx.com, @lytx on Twitter, or our Facebook page or Youtube channel.