LONDON, June 23, 2016 /PRNewswire/ -- Based on its recent analysis of the vehicle fleet leasing and management industry, Frost & Sullivan recognises Carano Software Solutions with the 2016 European Frost & Sullivan Award for Technology Leadership. Leveraging sustained innovation and a strong customer focus, Carano Software Solutions has resolved the main challenges in platform migration in the fleet management industry.
Carano was one of the early developers of software-as-as-solution (SaaS) fleet management services in the integrated business process sector. Although its current service portfolio is based on a monolithic service architecture, it is gradually migrating towards microservices architecture. The former is a centralised and functionally single architecture with interwoven processes, while the latter is a decentralised network comprising small, independent processes communicating with each other. The microservices architecture presents numerous options for users during platform selection and sets the stage for a more robust, integrated service architecture.
The microservices architecture makes it easier to initiate, implement, and change parts of the whole service suite. It further facilitates customisation with the addition of new features and updates as and when they are needed. The brick-based architecture also aids with the easy identification of errors and their rectification or replacement. The modules based on the microservices architecture give users access to information on the cloud, multifunctional interface capabilities, and customisations.
"Carano seeks to leverage upcoming technologies in connected fleets, car sharing, and remote diagnostics to attain its goal of developing a Mobility Orchestration Platform (MOOP), a comprehensive platform that meets all business mobility requirements," said Frost & Sullivan Industry Analyst Abishek Narayanan. "This involves structuring huge volumes of fleet vehicle data on fleet movement, allocation, utilization, fuel efficiency, maintenance, location, and so on to derive trends that enable companies to pre-empt possible eventualities and price services based on usage. Overall, it improves the remote management of fleets that have limited resources."
Carano's strategic vision in technology upgradation and application saves time, effort, and labour, thereby reducing overall costs. For instance, a scenario-based analysis has shown that the company's Easy+ module, which aids with the sales and procurement of the fleet management business, can save 65 percent of the total time required. The MOOP underscores the company's strategic vision of providing value to customers by integrating travel management and fleet service solutions. This tool is expected to be in place in the next three to four years.
Furthermore, in keeping with the latest trends in 'Green fleets', Carano leads the federal eMobility program, called 'Shared E-Fleet', which focuses on the development of an electronic car sharing solution, including field testing. In addition, Carano heads a consortium of eight companies and is working on creating a complete platform to manage complex eFleets.
As one of the early developers of fleet management solutions in the cloud, the company focuses on integrating eVehicles in company fleets, as exemplified by the Shared E-Fleet Project. The company's other focus areas include the integration of mobile solutions, such as Easy+ mainly for drivers where once can conveniently configure and connect their fleets mainly for drivers, or providing alternate mobility options such as train rides in order to reduce mileage and leasing fees.
"Carano's fleet management solution ecosystem interconnects the various parts of the process end-to-end, as well as the stakeholders involved, in order to simplify data capturing from a wide range of touch points," noted Narayanan. "The information acquired can be used to project fleet metric dashboards dynamically and eventually be a source of credible data for analytics."
For offering a thorough suite of solutions for the entire lifecycle of fleets and services across the value chain, Frost & Sullivan is pleased to present Carano Software Solutions with the 2016 European Frost & Sullivan Award for Technology Leadership.
Each year, Frost & Sullivan bestows this award upon the company that has demonstrated uniqueness in developing and leveraging new technologies, which significantly impacts both the functionality and the customer value of the new products and applications. The award lauds the large R&D spend towards innovation, its relevance to the industry, and the positive impact on brand perception.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Carano Software Solutions
Carano Software Solutions GmbH, located in Berlin-Germany, is an experienced vehicle fleet expert with almost 25 years of success in implementing projects with national and international customers in all industries. We develop top-level IT solutions for e-procurement, fleet management, vehicle leasing and financing as well as for car trade, which optimize and digitalize all processes throughout the whole vehicle life cycle. Our future focus is to extend our product range with sustainable mobility approaches, such as our platform for the integration of electro vehicles.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
P: +44 (0) 207.343.8314
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/frost--sullivan-commends-carano-software-solutions-microservices-architecture-based-platform-for-the-vehicle-fleet-leasing-and-management-industry-300288311.html
SOURCE Frost & Sullivan