Aeris Adds to IoT Capabilities with Asset Assurance Platform

According to a recent announcement, Aeris Communications, an IoT technology partner for enterprises, has launched its new Aeris Asset Assurance Platform. This, the company asserts, is the IoT industry’s first comprehensive asset protection and repossession IoT platform for the auto financing and lending companies, and for enterprises using third party fleet services for logistics and distribution.

“It’s no secret that IoT is driving tectonic shifts in the Indian business ecosystem,” said Rishi Bhatnagar, President, Aeris India. “Aeris Asset Assurance Platform has already onboarded and is servicing leading OEMS, auto financing, leasing and insurance companies as our clients in India, Africa & the APAC region. The platform is delivering benefits in complete asset protection and repossession to more than a dozen of our clients, proving our capability to deliver comprehensive and distinct IoT solutions for the BFSI sector.”

Aeris has been focusing on the Asian BFSI sector since its inception in India. Working with clients in multiple regions as technology partners, the company says it identified the problem of huge credit defaults on heavy and light commercial vehicles as a major concern. Aeris Asset Assurance Platform is designed to help clients in proactive credit default detection, reducing repossession costs related losses, improving business profitability and enhancing service experiences.

The company outlined the solution’s features, including:

• A mechanism for proactive credit default detection
• Reducing repossession & redeployment cost related losses
• Customer management and discoverable profiles for the portfolio
• Preventing assets from being misused