Michael Flanagan
CEO
Xtract
Xtract provides a unified platform that streamlines incident reporting and claims resolution for fleet management and insurance operations. It leverages telematics and real-time data for automated event reconstruction and claims processing, accelerating resolution times and reducing operational costs.
Updated 7 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Traditional incident reporting and claims resolution processes are often manual, fragmented, and lack real-time data integration, leading to inefficiencies, extended resolution times, and increased operational costs. This disconnect hinders accurate event reconstruction and objective liability assessment.
Solution
Xtract offers a unified platform designed to streamline incident reporting and claims resolution by leveraging real-time data and telematics for precise event reconstructions. The system automates and configures workflows for seamless data collection, reducing manual workload and accelerating decision-making. By centralizing telematics, driver data, and third-party information, Xtract provides a single source of truth for enhanced operational efficiency and cost reduction. This integrated approach facilitates faster, more accurate claims processing and improved customer satisfaction for both fleet management and insurance operations.
Target Audience
Xtract serves fleet management companies seeking to optimize incident reporting and operational efficiency, as well as insurance carriers and adjusters aiming to accelerate claims resolution and improve accuracy.
Features
- Configurable workflows for automated incident reporting and data collection.
- Telematics-driven event reconstruction engine utilizing OBD, video, and impact data for visual clarity.
- Centralized platform integrating fleet telematics, driver data, and third-party systems.
- Real-time incident data capture and analysis for immediate assessment and liability determination.
- Automated claims processing features to expedite resolution timelines.
- FNOL (First Notice of Loss) process enhanced with auto-populated telematics data.
- Analytics dashboard providing insights into operational expenses, contributory negligence, and claim payout trends.
- API integrations for seamless connection with existing fleet management and insurance systems.