Market Overview

IDA Selects Consolidated Asset Recovery Systems' IBEAM Platform for Repossession Management

Share:

RALEIGH, N.C., Dec. 6, 2018 /PRNewswire-PRWeb/ -- Independent Dealer Advantage (IDA) today announced that it has standardized on Consolidated Asset Recovery Systems' IBEAM platform for repossession management. IBEAM (Internet based electronic asset management) is a web-based portal that provides analytics, status and field-based updates for repossession and remarketing task. IBEAM provides a single platform solution simplifying data security while providing efficiency and transparency into field-based activities. Real-time monitoring assures adherence to governing laws for compliant execution.

"IBEAM simplifies management of our direct relationships with repossession agencies nationally," said Bill Dunkerly, Director, IDA. "Their new field agent platform provides real-time communications with the driver in the truck, enhancing notification of changes in assignment status, such as when an account is placed on hold or closed. The IBEAM platform has been a key component in improving our portfolio performance providing metrics used to optimize supplier performance."

IBEAM helps IDA prioritize assignments and disseminate work to those suppliers with the best performance metrics. Filters and controls aid the assignment process by highlighting preferred suppliers that meet service level agreements and demonstrate adherence to important compliance requirements.

"IDA uses technology to gain a competitive advantage, self-managing their direct repossession agency relationships through the IBEAM platform improving net dollars recovered while aiding in protecting consumers rights," said Steve Norwood, President and CEO of Consolidated Asset Recovery Systems. "Compliance guardrails built into the IBEAM artificial intelligence (AI) engine limit the potential for human error by controlling users choices to processes approved by risk officers."

About
Independent Dealers Advantage, LLC is an auto finance company in Georgia. The company provides auto loans for purchasing vehicles. It also offers various programs, which facilitate vehicle dealers to finance their vehicles in the secondary market. The company was founded in 2001 and is based in Suwanee, Georgia.

Consolidated Asset Recovery Systems provides technology and services to finance companies, forwarders and repossession agents that enhances repossession and remarketing performance. Combining comprehensive analytics with real-time performance analytics, status and account updates that can then be used to set parameters in the IBEAM artificial intelligence engine to automate task such as assignment and reassignment to suppliers, assign to auction or transport.

For more information, visit http://www.ez-recovery.com or call (919) 518 2277.

 

SOURCE Consolidated Asset Recovery Systems

View Comments and Join the Discussion!