Strategic Remarketing Solutions (SRS) last month announced its platform will be integrated with MeridianLink, allowing lenders to more efficiently and securely share data between the two companies to streamline the collections process.

SRS is a provider of asset recovery and remarketing services for banks, credit unions, captive and independent finance providers, leasing companies, and all other vehicle financing enterprises.

MeridianLink Collect is designed to help financial institutions keep track of their collections and limit repetitive clunky tasks. The cloud-based software eliminates the need for FIs to update their software so they can focus solely on their customers. The software is easy-to-use and provides a variety of customizations, automation, and communication methods all in one system, so that collection managers can connect with members in a timely manner.

“Our secure, seamless integration with MeridianLinkCollect enables our clients to maximize returns while minimizing cost and risk, so they can more efficiently process delinquencies," said Jeff Bescher, president and co-founder of SRS, in a news release.

SRS operates as a single source to manage repossession needs and maximize the remarketing of vehicles. The staff uses a highly secure, proprietary system that ensures compliance in the recovery process.

Tom Haeberer, VP of sales and operations of SRS added, “Cloud-based software — such as MeridianLink Collect — provides efficiency and scalability so collection teams can spend more time resolving delinquencies and less time on software updates and manual tasks.”