Crescent Bank Selects Consolidated Asset Recovery Systems Market Place Manager for Repossession and Remarketing Servicing
Crescent announced today that it has selected the IBEAM web portal and Consolidated's Vendor manager solution for managing the repossession and remarketing of a portion of their automotive loan portfolio.
RALEIGH, N.C., Oct. 31, 2018 /PRNewswire-PRWeb/ -- Crescent Bank and Trust has selected Consolidated Asset Recovery Systems vendor manager and servicing solution "Market Place Manager" to support these repossession and remarketing needs.
"We have been partners with Consolidated for several years and have seen the company grow," said Dan Boozer, Chief Collections Officer, Crescent Bank and Trust. "We value our partnership and recognize their continued thought leadership in the market. We are excited as they roll out new solutions to drive change in the industry with products like Market Place Manager."
Dan added "The ability to have a predictable cost of service and consolidated invoices, combined with comprehensive reporting, has improved our efficiency and allowed us to reduce internal headcount."
The IBEAM platform automates many functions Crescent had to perform with internal resources and has provided the ability to easily view total cost, supplier performance, event timing, SLA compliance and complaint resolution. It also retains all the historical records for the field-based activities associated with the repossession and remarketing process which Consolidated performs.
"Crescent was the first company to utilize Market Place Manager," said Terry Groves, Co-founder, Consolidated Asset Recovery Systems. "By combining the best parts of sourcing their servicing needs with the flexibility to engage other service providers through the vendor managed service gateway, they gain efficiencies without limiting their success or results."
- IBEAM (Internet Based Electronic Asset Management) web portal creates a framework for managing multiple forwarders and cosigners that can be delivered as a managed service for those that do not want to maintain and manage multiple service providers themselves, or deployed as a technology solution "Global Marketplace" for companies that elect to continue to self-manage forwarders and consigners.
About Crescent Bank and Trust
Crescent Bank and Trust specializes in providing auto loans to high-risk consumers in offices across 23 states, we also offer robust personal and business banking services to a number of communities throughout Louisiana. Our 25 years of experience has made us one of the most trusted lenders and banking service providers, and we will be here when you need us. To see a list of our office services and locations
About Consolidated Asset Recovery Systems
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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