12th Tech is revolutionizing risk management and mitigation with its Real-Time Intelligent (RTI) Auditing system, empowering risk mitigation teams with the industry’s most innovative, intuitive, flexible, and cost-effective auditing solution available today.
PORTLAND, Ore. (PRWEB) January 25, 2021
12th Tech, Inc. today announces its new cloud-based Real-Time Intelligent (RTI) Auditing System™ for the wholesale finance industry. 12th Tech’s system revolutionizes auditing, changing it from a labor-intensive, expensive, and mostly manual process to a sophisticated, cloud-based, and robust auditing system that provides reliable, accurate, and cost-effective analysis and reporting.
This new globally scalable AWS cloud-based system combines exceptional capabilities for real-time auditing and field communication through mobile networks to seamlessly support traditional third-party audits or in-house teams, dealer self-audits, or electronic asset identification. The RTI Auditing System enables remote audits leading to increased audit frequency for more effective risk mitigation; enhances auditor and dealer safety during the Covid-19 pandemic by reducing the need for in-person auditing; and drastically decreases overall audit costs.
With more than 20 years in the auditing industry, Mark Abrams, CEO and Founder of 12th Tech, saw an opportunity to completely change how auditing was being implemented. He’s worked for the past two years developing this system from the ground up. “Legacy systems that were available to the industry for auditing are no longer good enough. I saw the need for a robust, flexible, mobile, and easy-to-use auditing system, one that enables dealers and financing companies to not only mitigate their risks with better insight into their inventories, but one that provides real-time, secure reporting and analysis. Our solution supports third-party auditing partners, in-house staff, dealer self-audits and clearing audits, and use of electronic identification to increase accuracy while substantially reducing audit costs,” states Abrams.
Kinetic Advantage is one of the first companies to implement the new system. “12th Tech’s Real-Time Intelligent Auditing System provides us the leading technology to increase the quality of the audit data while providing a great user experience for dealers and auditors,” notes Jeremiah Johnson, Director of Audits at Kinetic Advantage. “With its intuitive design, support for multiple auditing methodologies, and its mobile and cloud-based capabilities, it has enabled us to more effectively manage risk while providing real-time data to our dealers. 12th Tech allows us to give our dealers the flexibility and the technology to take control of the entire audit process.”
12th Tech delivers feedback and insight to effectively manage risk, including:
- Real-time results, action alerts, chat, electronic identification and reporting
- Predictive analytics and intelligent verification
- Optimized wizard-based mobile audit capabilities for in-house staff, third party auditors or dealer self-audits
- Innovative Dealer Clearing Audits which automate and streamline processes for reconciling assets not verified during initial audit such as sold units, rental, or units at other locations
- Client-configurable alerts, violations, status types and reports, along with role-specific home pages, available across phone, tablets, laptops or desktop devices
- True localization including localized languages, currencies, and UTC dates for accurate time of audit calibration across time zones
- Flexible integration with dealer, finance company, and/or asset tracking systems
12th Tech’s Real-Time Auditing System is available directly and through auditing service partners in North America today and will be available globally by mid-2021.
About 12th Tech
12th Tech (http://www.12thtech.com) is revolutionizing risk management and mitigation with its Real-Time Intelligent (RTI) Auditing system, providing innovative technology to support traditional in-house or third-party audits as well as enable dealer self-audits, automated Dealer Clearing Audits, electronic asset identification, and enhanced real-time auditing and reporting. 12th Tech’s RTI Auditing System dramatically reduces auditing costs and intelligently helps mitigate risk - allowing Finance Companies to finally have the choice to utilize the best auditing methods across their portfolio. Our robust, scalable, and adaptive solution leverages the latest technology advances and builds on a foundation of more than 20 years of experience providing auditing technology solutions to the financing industry. The 12th Tech team is dedicated to providing the world’s best auditing system--both now and the future--to ensure our clients’ success.
About Kinetic Advantage
Kinetic Advantage (http://www.kineticadvantage.com) is a dynamic floorplan company led by trusted industry veterans. Our core focus is helping our independent dealer partners and team members succeed while providing them with an exceptional and engaging user experience. We are committed to forging strong partnerships through transparent communication and simple, innovative solutions. We provide our partners and team members with the support and tools they need to grow throughout their journey.