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The Challenges
High employee attrition rates, compounded by a labor shortage, are making it difficult for the auto finance industry to hire and retain staff.
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The shift to remote work helps cut costs but introduces challenges in training, performance monitoring, and employee management.
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Auto finance companies are investing in technology to quickly train agents and enhance their productivity and retention.
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Another challenge is that auto loan servicing and collections, heavily reliant on labor-intensive contact centers, can be cost-inefficient and risk compliance issues.
The Solution
Ensure the protection and oversight of your assets through vehicle monitoring tailored for auto loans. Serving predominantly clients in the sub-prime car loan and buy-here-pay-here sectors, where financing contracts typically take 51 weeks to break even, real-time vehicle monitoring is essential for asset recovery.
Our GPS tracking system offers comprehensive solutions catering to both fundamental and advanced requirements of lenders, including vehicle monitoring and automated alarms. Moreover, our GPS tracking solution for auto finance is versatile, compatible with various devices. With our system, your alerts follow you wherever you are, providing real-time location updates on your phone, tablet, or computer.
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