The system is intended for use by fleets, leasing and rental firms and dealers, and claims to cut down hugely on telephone traffic, as well as rejected invoices and delayed payments.
The firm believes that the product, called 1link Hire Network, will mean implants for each rental company will become unnecessary, especially if the system is adopted across the industry, as has been the case in the leasing industry with its Service Network and Vehicle Network products.
For a small initial cost, Hire Network will display multiple quotes, give an audit trail of bookings and notify drivers when the car needs to be returned.
Fleets then pay a fee for each transaction, as with its other products.
Greg Connell, managing director at epyx, said: ‘We now have a 1link product in place for every major phase of a vehicle’s life, creating a complete cradle-to-grave e-commerce concept. Our aim over the next year is to create acceptance and increase usage of our new products and to start taking 1link into key overseas markets.’
The firm has also been ranked as one of the biggest unquoted technology companies in the UK. The company numbered 47 in The Sunday Times Tech Track 100 table for its sales growth of 90%.
The company produces the 1link range of fleet e-commerce platforms, now in use by more than 10,000 motor dealers and fleets representing two million vehicles.