CENTENNIAL, Colo. –- Peak5 announced the release of Test Drive Peak5, a benchmark program designed for automotive finance companies to test their internal servicing strategies.
The program helps finance companies to explore the benefits of new servicing strategies and validate existing ones, while maintaining best practices and compliance.
"Test Drive Peak5 is the ideal solution for finance companies whether they service their loans in-house or outsource servicing, as it enables organizations to discover the strengths and weaknesses of current servicing efforts," said Kevin Barry, CEO of Peak5.
The Test Drive program provides a comparative analysis and professional consultation to reveal the benefits of the Peak5 approach. The program also provides finance companies with resources to strengthen their servicing efforts.
"Clients will learn best practices for handling particular types of accounts and will gain insight as to the impact our state of the art technology has on reaching account holders and collecting payments," Barry said.