Expanded Relationship Creates More Automated Process
FOR IMMEDIATE RELEASE
CARMEL, Ind. – September 19, 2019 – PAR North America (PAR), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), announces its expanded relationship with masterQueue, a web-based software-as-a-service platform that automates the skip tracing process. PAR, a leading U.S. provider of vehicle transition services with coast-to-coast solutions for recovery management, has enhanced its capabilities through the power of masterQueue — giving PAR a more efficient tool for skip tracing.
“As they face higher recovery costs, our customers demand solutions that can provide efficiencies while increasing recovery rates,” said Lisa Scott, PAR president. “Partnering with one of the most reliable, respected automation platforms in the industry gives our customers confidence, knowing they are getting the most precise skip tracing information that ultimately could lead to increased recovery rates.”
masterQueue improves productivity and efficiency by combining the power of artificial intelligence and data with its seamless, streamlined collections and skip tracing information solution. Its platform is a single software solution uniquely designed to automate data collection, manage regulatory compliance and maintain data privacy.
“The skip tracing process has its challenges, especially when lenders lose touch with their customers,” said Shannon Berry, skip services and project manager at PAR. “Now, together with masterQueue, we have simplified the process with aggregated, up-to-date information in one easy-to-use solution. PAR customers will benefit from enhanced, informed reporting and potentially improved recovery rates.”
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About KAR Auction Services
KAR Auction Services (NYSE: KAR) provides sellers and buyers across the global
wholesale used vehicle industry with innovative, technology-driven remarketing
solutions. KAR’s unique end-to-end platform supports whole car, salvage,
financing, logistics and other ancillary and related services, including the
sale of nearly 3.5 million units valued at over $40 billion through our
auctions. Our integrated physical, online and mobile marketplaces reduce risk,
improve transparency and streamline transactions for customers in more than 70
countries. Headquartered in Carmel, Ind., KAR has approximately 15,000
employees across the United States, Canada, Mexico and Europe. For more
information go to www.karauctionservices.com.
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