RALEIGH, NC – In response to increased demand for services to support the repossession and remarketing of non-performing assets, Consolidated Asset Recovery Systems and Fiserv Automotive Solutions (FAS) have formed a strategic partnership.
This partnership will allow the companies to incorporate not only real-time assignment, tracking, and management of assets through Consolidated Asset’s I-BEAM (Internet-Based Asset Management) Web portal but also transport management, title management, and auction representation using Fiserv’s remarketing solutions.
By coupling the I-BEAM portal with a lender’s collection system, data can be shared with Consolidated Asset’s nationwide community of more than 400 repossession specialists. Information from the field is displayed in real time providing instant updates to lenders.
The partnership will help alleviate the expensive and slow method of traditional models that use inefficient paper-based processes. Optimizing the supply chain through performance monitoring and consolidating several lenders to preferred suppliers offers a sustainable model that will produce the best results while controlling costs in the current economic climate.