Category: Business Processes

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.

Getting a loan or equipment leasing through asset-based lenders and lease finance companies is a preferred option for businesses that don’t get funding from traditional channels. However, lending this way means that lenders have to deal with troubled lease accounts. Sometimes, the situation demands lenders to recover the asset. To tackle these situations effectively, ACS (Asset Compliant Solutions) offers well-structured and professional asset recovery services to asset-based lenders and lease finance companies.

What is ACS (Asset Compliant Solutions)?

Asset Compliant Solutions (ACS) is a US-based asset recovery company that is fully compliant and licensed in 50 states. Reputed for its 2000+ field agents and 90% success rate, ACS has ensured better portfolio performance for many asset-based lenders and lease finance companies.

ACS helps lenders resolve the issues of troubled lease/loan accounts instead of initiating the recovery process. Even if recovery becomes mandatory, ACS offers a seamless way to recover assets with its technology and vast field agents. In short, ACS is the ideal companion for asset-based lenders to handle troubled accounts.

Two Key Services of ACS

Over the past years, ACS has partnered with many of the US’s largest and most respected lenders to offer collection and recovery services for everything from office furniture to construction equipment. Below is a quick overview of two key services of ACS:

1. Collect to Cure

Not every troubled account means recovering assets. In addition, recovering assets also involves the factors of time, expense, and risk. That’s why the ACS Collect to Cure service is meant to sort things out with troubled accounts before initiating recovery.

In this service, ACS utilizes its technology, systems, in-house team, and vast field network to find solutions for troubled accounts. The expert team interacts with customers to find the ideal solution that works both for the lender and the customers. Moreover, the team keeps all the conversations transparent and accessible to lenders.

2. Route to Recovery

The ACS Route to Recovery triggers when recovering assets become mandatory. It is a suite of late-stage loan resolution services that are meant to recover assets and offer lenders and customers a satisfactory experience. In this service, ACS utilizes its internal and external professionals and resources to locate, track, recover, store, and transport assets anywhere across the US.

The main steps involved in this service include:

1. The internal recovery team of specialists collects and filters accounts for recovery.
2. The field agent team develops the recovery strategies using the insights provided by the internal recovery team.
3. Skip tracers inspect and validate the information to locate and secure assets.
4. Assets are recovered, transported, and liquidated.

On top of that, ACS has invested a lot in proprietary technology to connect ACS specialists, field agents, and lenders for instant access to asset-related information. So, lenders always get real-time access to the status of their assets. This way, ACS offers lenders a streamlined and well-designed asset recovery program.

Wrapping Up

It is never easy for asset-based lenders and lease finance companies to handle troubling accounts. So, instead of hiring an additional workforce, ACS offers lenders a more seamless way to deal with such situations. With well-structured solutions for every loan lifecycle stage, ACS offers the systems, technology, and talent lenders need to resolve troubling issues or recover assets.