RaceTrac Partners with Vontier’s Invenco for Remote Management to Boost Uptime and Efficiency
Vontier Corporation (NYSE: VNT) has announced that RaceTrac Inc., a leading regional convenience and fuel retailer, has selected Vontier’s Invenco by GVR cloud-based asset management solution. This partnership will enable RaceTrac to remotely manage its forecourt assets across its 800 stores in 13 states, maximizing operational efficiency and reducing costs.
“Invenco’s asset management helps us deliver reliability and consistency, directly impacting our bottom line by maximizing sales opportunities and building customer loyalty,” said Brian Nay, RaceTrac’s director of field services.
The Invenco solution centralizes site management with a cloud-based dashboard that allows RaceTrac to remotely monitor equipment, optimize uptime, and reduce on-site repair needs. By deploying over-the-air updates, preventing fuel theft, and implementing remote fixes, RaceTrac is able to lower unexpected costs and enhance service.
“We avoided 10,000 truck rolls last year,” Nay noted. “That’s a significant reduction in operational expenses and ensures problems are addressed quickly, keeping our equipment running smoothly.”
The solution’s integration capabilities, via Application Programming Interfaces (APIs), automate work orders and streamline operations. “59% of all work orders are created automatically,” said Nay. “This automation boosts accuracy and speeds up issue resolution, allowing our team to focus on more strategic tasks.”
“We’re excited to partner with RaceTrac to improve their customer experience and operational efficiency,” said Kartik Ganapathi, President of Invenco by GVR. “RaceTrac’s use of our asset management platform and APIs sets a high standard for the industry.”
Headquartered in Atlanta, Georgia, RaceTrac has been serving customers since 1934. It operates over 800 locations under the RaceTrac® and RaceWay® brands, offering competitive fuel prices and a wide range of food and beverage options.
About Vontier
Vontier (NYSE: VNT) is a global industrial technology company focused on productivity, automation, and multi-energy solutions for the mobility ecosystem. Vontier provides smart, sustainable solutions for its customers worldwide. More information is available at www.vontier.com.
About Invenco by GVR
Invenco by GVR, a Vontier company, is a global leader in convenience retail solutions. With over 165,000 connected devices in 50,000 stores across 50 countries, Invenco by GVR enables growth and innovation in the industry. Learn more at www.invenco.com.
