Nexus Rental picks Peak as AI partner as it pursues ‘Powered by Tech, Delivered by People’ strategy.
Nexus Rental, a provider of vehicle rental services, has partnered with Peak, an AI platform for business decision intelligence.
Managing a fleet of 22,000 vehicles, Nexus Rental was undergoing a significant tech transformation to embrace new ways of working that are ‘Powered by Tech, Delivered by People’. The organisation, whose ambitions include global expansion and entering new markets, needed to overhaul its legacy technology to enable these plans to happen.
To address these challenges, it selected Peak’s AI powered pricing and quote automation solution. Peter Ennis, CTO at Nexus Rental, commented, “I was very confident from the first time I met the team at Peak. The speed at which its solution delivers value far outpaces building an in-house team. In addition, its willingness to customise solutions, as well as its technical expertise, are unmatched.”
Nexus Rental had several objectives, including the upgrade of its internal data science and engineering capabilities, dependent on a single basic rental allocation model, hugely underutilising the power of data in fleet management. The leadership team also had to showcase its AI capabilities to investors.
A Peak spokesperson said, “We’re thrilled to partner with Nexus Rental on its journey to become a tech led business and expand internationally. Nexus Rental has huge business potential through unlocking its data, delivering faster, smarter decisions at scale. This collaboration shows the transformative impact AI can have on industries like vehicle rental, and we’re looking forward to supporting Nexus in achieving its ambitious goals.”
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