Digital Recognition Network the leader in collections and asset recovery solutions wants lenders to keep in mind the many benefits of using DRN technology and LPR2.0, one of the only asset recovery solutions that can provide a 10 percent lift to their bottom line.
Online PR News – 25-April-2013 – Fort Worth, Texas – Fort Worth, Texas – April 16, 2013, Digital Recognition Network (http://www.drndata.com), the leader in collections and asset recovery solutions wants lenders to keep in mind the many benefits of using DRN technology and LPR2.0, one of the only asset recovery solutions that can provide a 10 percent lift to their bottom line.
LPR2.0 is the license plate recognition solution that helps recovery happen more rapidly and with great accuracy. Allowing the instant, simultaneous cross-checking of many different vehicle location report databases, LPR2.0 is one of the only real-time asset recovery solutions that goes beyond the resident or place of work to recover vehicles wherever they congregate.
With more than a billion license plate recognition records and 50 million being added each month, LPR2.0 goes far beyond skip tracing and any other process of locating vehicles for collections. Unlike skip tracing which is time and cost intensive, LPR2.0 allows the real time recovery of a vehicle once it is located. To date, over 40,000 vehicles worth over $$360 million have been recovered.
When it comes to asset recovery solutions and collections, time is money. Because LPR2.0 technology creates a nationwide network of recovery, wherein cars and trucks can be discovered and recovered in real time, DRN clients benefit from reduced operating expenses and asset risk while improving the balance sheet and reducing charge offs. DRN calls this the “network effect.”
About DRN Asset Recovery Solutions
Digital Recognition Network (DRN) is a data company exclusively focused on license plate identification, asset value preservation, fraud mitigation and on automotive data derived from license plate identification. By recovering, storing and grouping data on vehicle location, where vehicles go and who drives them, DRN is able to provide value to clients to help them make better, more profitable decisions while preserving asset value.
An industry pioneer in vehicle asset location technology and asset recovery solutions, DRN fuels a national network of more than 550 affiliates employing mobile license plate recognition technology that gathers the automotive data. Because this license plate identification technology is used in every major metropolitan area in the United States, DRN captures automotive data on up to 50 million vehicles each month. With more than three-quarter billion data points gathered to date, DRN has the largest vehicle location data base in existence. We are proud to maintain strict standards for privacy, compliance, and data integrity. For more information visit: http://www.drndata.com