CEO for Truespot, a new Internet of Things asset location platform, Mike Hanna, recently said that his platform “geo-automates complex reconditioning tasks.”

“Our platform basically puts vehicle recon on ‘autopilot,’” said Hanna. Recently, the company announced the commercial launch of TrueRecon, a reconditioning tracking platform for auto dealers.

TrueSpot said it developed the new technology to better manage automotive dealership inventory and speed up what it describes as “costly, highly dispersed auto reconditioning processes.”

The company said it can accelerate those processes by an estimated 15% to 20%.