Collect - GPS Tracking Systems

COLLECT provides lenders and rental companies with the ultimate tool to assist in the management of their loan book or vehicle and equipment portfolios.

COLLECT has been designed to assist bad credit car loan companies, high value asset rental companies, and rent-to-own vehicle and equipment companies to dramatically reduce their administration and repossession costs, and keep assets secure from high risk customers. COLLECT allows you to streamline your collections process, which directly benefits you with improved cash flow, lower overheads and allows you to widen your credit criteria.

COLLECT is a simple, cloud-based asset management tool for the bad credit car loan, rent-to-own, and vehicle and equipment rental industries. It allows you to streamline your collections process, which directly benefits you with improved cash flow, lower overheads and allows you to widen your credit criteria. Lend to customers with riskier credit scores or rent out higher value assets while protecting your own portfolio from risk with COLLECT.

INCREASE IN ON-TIME PAYMENTS

COLLECT encourages customers to make on-time payments or risk having their vehicle disabled. A tamperproof state of the art GPS device is installed in the asset, allowing you to easily and remotely disable it when required. Just knowing these capabilities tends to make customers re-prioritise their payments.

REDUCED REPOSSESSIONS & COSTS

A major impact of on-time payments means less defaults and repossessions. When you consider the expenses involved in repossessing a vehicle – legals, towing, storage, auction fees and loss of asset value – there are big savings to be had. When repossessions do need to occur, COLLECT can lead the repossession agent directly to the vehicle, reducing manpower, time and cost.

IMPROVED CASH FLOW & PROFITABILITY

With an increase in on-time payments and reduction in repossessions comes major improvements to cash flow and loan profitability. Not only will you see the short term benefits but more accounts will run to maturity providing maximum returns on interest and fees earned.

MORE EFFICIENT ADMINISTRATION STAFF

COLLECT effectively turns the collections process on it’s head. Instead of the collections staff calling the customer, the customer calls you when the vehicle is disabled. This significantly reduces the collections workload enabling your staff to handle more accounts. With the added benefit of improvements in on-time payments, there are even less delinquent accounts for your staff to handle.

PROTECT YOUR ASSETS

Companies can see some major benefits by reducing costs associated with vehicle theft and skips (finding hard to locate debtors). COLLECT allows you to locate, disable and recover a vehicle 24/7.

CUSTOMER BENEFITS

COLLECT benefits your customers by promoting on-time payments and repairing bad credit. A good payment history allows your customers to improve their credit score by the end of the term, qualify for higher loan amounts or higher valued vehicles, save on car insurance or get lower interest rates. Increased security also ensures the asset can be tracked if stolen.

FEATURES LIST

Cloud based – no additional hardware or software required
Highly scalable platform – from a handful of vehicles to thousands
Real time 24/7 vehicle tracking and locating
Remote disabling of vehicle via starter motor
Flexible workflow engine
Real time alerts for vehicle being towed, disabled vehicle moving, battery disconnected & vehicle moved with battery disconnected
Vehicle trip history – ability to cross reference home and work addresses
Geo-fencing – identify when a vehicle enters or exits a defined physical location (useful for vehicle recovery efforts)
Allocate vehicles to repossession agents who can track vehicles in real time via the web portal
Rugged anti-tamper devices rated at IP67 – dust proof and waterproof up to 1 metre for 30 mins
A full API library is available which will allow COLLECT to be integrated to almost any available loan servicing or asset management platform
Nationwide GPS installation service

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