Asset-based lenders and lease finance companies are popular choices for many businesses that want faster access to funds/assets without complex approval processes. However, running an asset-based lending/leasing business comes with challenges, whether it’s skip tracing, delayed payments, or asset recovery. ACS comes to the rescue to facilitate lender success in these situations.
ACS – A Quick Overview
ACS (Asset Compliant Solutions) is a specialized asset recovery and account management service provider that provides better portfolio performance for asset-based lenders and lease finance companies.
With over 25 years of experience, a 90% success rate, 2000+ field agents, and a human-first approach. ACS is facilitating the US’s most reputable and largest lenders and lease finance companies for their account troubles.
Key Services of ACS
ACS offers many key services that lenders need to handle account-related matters effectively. Below are the key services provided by ACS:
1. Skip Tracing
It is not uncommon for lenders to struggle with customers/assets that have dropped off the radar completely. ACS skip tracing service is designed to facilitate lender success in this troubling situation.
ACS leverages its expertise, technology, and large agent network to track down collateral assets and revive contact with the borrower. The team deploys a holistic approach with time-tested strategies to find missing borrowers and assets. In addition, the team also facilitates productive dialogues and plays its role in increasing the chances of successful resolution.
2. Recovery Management
Repossession comes with its own set of risks, costs, and potential ill-will possibilities. ACS facilitates lender success in recovery management with its comprehensive suite of services under our Up to Date program. In fact, the company has been able to reduce repossessions by 70%+ with its exceptional services.
ACS believes in early intervention to cure payment problems. The team works closely with the lenders to plan strategies for a streamlined recovery process. This approach has let ACS lower repossessions and offer the best customer experience.
3. Collections
Account collections require significant time and energy from lenders. It also increases frustrations when the payments get delayed, and balances get larger.
ACS facilitates success here with its collections specialists, who are well-experienced to ensure smooth collection processes at almost any stage in the loan lifecycle. The specialists deploy a tailored approach to collections for the best outcomes. Besides recovering outstanding debts, ACS also works to safeguard relationships among debtors and creditors.
4. Asset Recovery
ACS is trusted by many well-known US names for asset recovery. The company’s vast field agent network and decades of experience make it a trustworthy service to recover assets.
ACS uses its cutting-edge technology, expertise, and field agents to locate, secure, and recover assets while minimizing risks and costs. In addition, the team ensures effective communication with clients and borrowers to ensure a satisfactory experience.
Wrapping Up
Asset-based lenders and lease finance companies need services like ACS to support them in troubling situations. ACS shines as an all-in-one, reputed service to fix trouble accounts, facilitate skip tracing, or handle asset recovery with minimal risk and costs. To wrap up, lenders should partner with ACS and let the professionals handle their accounts-related complications.