Selected by CIO Review as one of the Top 20 Most Promising Automotive Tech Solution Providers in 2014.
To compete in this type of environment, you’re going to have to go deeper with your auto loans. And the deeper the loan, the more significant the risk. To help our automotive finance customers mitigate this risk while continuing to serve a growing credit-challenged customer base, we’ve introduces a new feature in our 11th generation GoldStar GPS and LoanPlus CMS collateral management systems.
We’ve also rolled out new feature sets such as the GeoZone. A more robust extension of our popular geofencing feature, GeoZone allows you to set up a geographic boundary of virtually any shape and size around a specific area, for example a gated community or parking garage. When a vehicle enters or leaves that GeoZone, an alert is triggered to let you know.
This GeoZone feature goes a long way toward reducing the time and cost associated with repossessions. Now you can let a repossession agent know the minute a vehicle leaves a gated community or garage, and can be recovered more easily. You can also set up a GeoZone around Indian reservations, where repossessions are not possible, and monitor when vehicles leave those areas and can once again be recovered.
GeoZone are additionally useful for being alerted in the event a vehicle is impounded. By setting up GeoZones around all the impound lots in your service area, you can be quickly notified when a vehicle is impounded then recover the vehicle before hefty fees accrue.
The latest generation of GoldStar GPS and LoanPlus CMS offer packages that allow for an unlimited number of GeoZones, for added protection against risk.
To learn other ways that our collaternal management systems reduce repossession costs, visit call us at 1-866-655-882.
Executive Vice President, Sales & Services Automotive Solutions