Consolidated Asset Recovery Systems Announces International Partnership with iCompli
Raleigh, N.C. (Jan. 4, 2012) – Consolidated Asset Recovery Systems (CARS), a Raleigh-based leader in repossession and remarketing services, has announced its first international partnership with iCompli, a U.K.-based compliance technology company. iCompli will leverage CARS’ unique Internet-Based Electronic Asset Management (IBEAM™) Web portal through its finance sector facing brand Auto Intelligence to simplify compliance processes for the audit, tracking and remarketing of non-performing assets in localized U.K. and European markets.
“Having an international presence is very useful to CARS and will help us streamline the asset recovery process,” said Steve Norwood, CEO of CARS. “Dealing with international repossessions can often prove cumbersome, and this partnership with iCompli will help us set the standard for recovery worldwide.”
Through a common single interface, lenders will have complete transparency into the repossession process regardless of the asset’s location. International repossessions will be tracked and analyzed as easily as domestic assignments are in the United States.
“For the asset owner who is being driven hard to manage ‘cost of risk’ and ‘lean’ their organization, this is a great opportunity to influence asset recovery rates and improve standards of information and service delivery whilst integrating best practice on an international scale,” said Duncan Smith, CEO of iCompli. “We think, and you win.”
Consolidated Asset Recovery Systems offers an I-BEAM™ portal to lenders that not only displays real-time information from the field but also provides instant updates from a network of more than 600 repossession agents and remarketing specialists. The portal is intended to help eliminate the overlap and miscommunication that runs rampant in the remarketing process.
For information about Consolidated Asset Recovery Systems, visit www.ez-recovery.com.
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About Consolidated Asset Recovery Systems
Consolidated Asset Recovery Systems, a leader in repossession and remarketing services, assists prime, sub-prime, captive and regional lenders. Through its unique I-BEAM™ Web portal, asset tracking and real-time updates can be monitored, offering complete transparency throughout the recovery process. Consolidated Asset Recovery Systems’ growing community of agents, transporters and auctions all share data within the I-BEAM portal, a hosted solution offered as Software as a Service (SaaS).
About iCompli Limited T/A Auto Intelligence
iCompli provides compliance training, risk assessment and auditing solutions designed to lift the compliance burden for organizations in the finance, technology, data, education, charity and commercial sectors and through its finance sector facing brand Auto Intelligence delivers risk and recovery solutions. Core competencies of INVESTIGATION and COMPLIANCE, combined with extensive understanding of business process improvement and a systematic approach to Governance, Risk and Compliance (GRC), ensures that Auto Intelligence is set to challenge the Asset Finance supply chain dynamics for non-performing assets. For more information, visit www.auto-intelligence.co.uk
