Zinc Auto Selects IBEAM from Consolidated Asset Recovery Systems for Repossession Management

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Zinc Auto announced has selected the IBEAM web portal for managing the repossession of non-performing assets in their automotive loan portfolio.

Zinc Auto today 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 that it is built on an architecture that does not allow data to be localized. The benefit is better security of information compared to a traditional technology approach that synchronizes hosted data with licensed applications and may be installed on devices that do not have the property security protections.

“IBEAM provides us with efficiencies in managing our direct relationships with agents,” said Rene Strong, COO, Zinc Auto. “We can use the reports and dashboards to determine best performing supplier in a particular market to help improve portfolio performance. IBEAM also allows use to capture all historical data which is useful in evaluating compliance and adherence to our SLA’s.”

IBEAM helps Zinc audit suppliers to assure compliant execution of repossession assignments and document and address issues that arise through a integrated complaint log. Dashboards allow ZINC to look at supplier history over time to see if there are reoccurring issues or complaints that may underscore a higher risk

“Zinc Auto utilizes IBEAM to self-manage their direct repossession agency relationships accessing features and functions not available in other software solutions,” said Terry Groves, cofounder, Consolidated Asset Recovery Systems. “In addition, our technology stack provides the highest uptime rating in the industry, yet it remains unique in its ability to assure data security by leveraging responsive design a technology that emulates web apps and licensed software without pulling data out of the level-3 secure data center. This provides the user an experience the same as if the data resided on their device without exposing clients to the risk and effort required to audit and manage all suppliers and users who consume data from the IBEAM portal.”

About

ZINC Auto Finance, Inc. is an auto sale finance company specializing in non-prime automobile contracts. We purchase retail installment sales contracts (RISC) from Independent and Franchised dealers, who have non-prime consumers purchasing new and pre-owned automobiles.

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 contact visit http://www.ez-recovery.com or call (919) 518 2277.

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Terry
Groves
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