1803 Capital Selects IBEAM from Consolidated Asset Recovery Systems for Repossession Management
1803 Capital LLC announced today that it has selected the IBEAM web portal for managing the repossession and remarketing of non-performing assets in their automotive loan portfolio.
RALEIGH, N.C., Nov. 06, 2018 /PRNewswire-PRWeb/ -- 1803 Capital LLC has announced their decision to standardize 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 task. IBEAM is unique in providing both the ability to manage the repossession process as well as logistics and remarketing management.
"IBEAM provides us with efficiencies while assuring compliance throughout the entire lifecycle from repossession assignment through net proceeds received from sale at auction" said Eric Wallis, COO, 1803 Capital. "We can use the reports and dashboards to monitor all activity and track key performance metrics. IBEAM also allows us to capture all historical data which is useful in evaluating compliance and adherence to our SLA's."
"We are glad to be a partner with Eric and his team," said Terry Groves, Cofounder, Consolidated Asset Recovery Systems. "1803 Capital utilizes IBEAM to reduce charge off account balances through higher recovery rates and higher asset values realized at auction through our managed services. In addition, our services benefit 1803 Capital by allowing them to scale their business rapidly in support of their rapid growth and expansion without adding headcount. IBEAM becomes the gateway for all field-based data allowing real-time visibility, from the driver running addresses for repossession to the auction capturing information, such as block placement and bid history. This eliminates 'white space' in the process and reduces turn time, shorting days to recovered and days to sell."
About
1803 Capital LLC, is a Louisiana domiciled consumer finance company that operates in the automobile financing industry which specializes in financing customers with limited or blemished credit files. 1803 Capital LLC purchases retail installment contracts directly from automobile dealers through their Point of Sale origination platform and from dealers and other financial institutions through their whole-loan purchase platform.
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
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