MONTREAL — iMetrik Solutions Inc., a developer of embedded wireless solutions, introduced "iMetrik-collect," a solution to help auto lenders and buy-here, pay-here (BHPH) dealerships manage loan servicing, collection, and asset recovery.
"iMetrik-collect" allows lenders and BHPH dealers the ability to track their collateral by using an on-demand, loan collection and recovery solution that integrates GPS, wireless data communications, and a standard Web browser software or application integration using XML and Web services interface.
iMETRIK-collect offers enhanced user interface with improved grouping and scheduling views and data integration capabilities allowing for more information at the lender's fingertips. Additionally, the new system features network registration data to ensure connection is stable with the collateral eliminating the need to send time consuming daily locate commands. The system features a power loss alert which is a critical alarm when the power supply is suddenly removed by tampering with the device and an early indicator of collection risk.
"Collection managers are challenged to reduce operating costs, maximize efficiencies and minimize charge-offs," said Guy Chevrette, CEO of iMetrik Solutions. "iMetrik-collect helps remove the complexity by providing a single interface to help deliver the latest tools and technology to manage the collection and recovery process, ultimately resulting in better business results for lenders, borrowers and service partners."