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Energy · head to head

Novity vs Veritiv Logistics Software

Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite
Veritiv Logistics Software logo

Veritiv Logistics Software

Energy

Supply chain and logistics software for distribution

From
On request
Rated
-
Full reviewWebsite

The short version

  • They diverge on capability: Novity covers TruPrognostics engine, Veritiv Logistics Software covers Route optimization.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Novity and Veritiv Logistics Software actually diverge.

Attributes where Novity and Veritiv Logistics Software differ
AttributeNovityVeritiv Logistics Software
PlatformsWeb, CloudWeb, Mobile
FoundedUnknown2014

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

Only in Veritiv Logistics Software

  • Route optimization
  • Fleet management
  • Inventory tracking
  • Warehouse management
  • Analytics and reporting
  • SAP
  • Oracle
  • SSL encryption

What people use each for

The jobs each tool is most often brought in to do.

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot Veritiv Logistics Software
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot Veritiv Logistics Software
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot Veritiv Logistics Software
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot Veritiv Logistics Software

Veritiv Logistics Software

  • Route optimizationnot Novity
  • Inventory managementnot Novity

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

Veritiv Logistics Software

Nothing recorded yet. See the Veritiv Logistics Software review.

Pricing, plan by plan

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

Veritiv Logistics Software

On request

No published plan breakdown. See the Veritiv Logistics Software review.

Which should you pick?

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Choose Veritiv Logistics Software if

  • You need route optimization.
  • You work on Web, Mobile.
  • You also want fleet management.
Veritiv Logistics Software review

Questions people ask

Is Novity or Veritiv Logistics Software better?
Neither clearly leads. Novity starts at On request and Veritiv Logistics Software at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Novity or Veritiv Logistics Software?
Novity starts at On request and Veritiv Logistics Software at On request.
Does Novity or Veritiv Logistics Software run on more platforms?
Novity runs on Web, Cloud. Veritiv Logistics Software runs on Web, Mobile.
What is Novity best used for?
Novity is most often used for a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround, an lng terminal with critical compressors and no run-to-failure history to train a conventional model, a wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizon, a generator operator supplying data centre load where an unplanned trip carries contractual penalties. Of those, a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround and an lng terminal with critical compressors and no run-to-failure history to train a conventional model are not what Veritiv Logistics Software is typically brought in for.
What can Novity do that Veritiv Logistics Software cannot?
Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life. Veritiv Logistics Software covers Route optimization, Fleet management, Inventory tracking, Warehouse management.

Answered from the vendors’ own pages

Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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