Companies provide an innovative cloud-based auditing system and services for clients throughout the United States and Canada.
12th Tech and Collateral Specialists Inc. (CSI) announced that the companies are revolutionizing the floor plan audit process by making 12th Tech's new Real-Time Intelligent (RTI) Auditing System available to the wholesale finance industry throughout the United States and Canada. The combined solution delivers a sophisticated, cloud-based and mobile auditing system with one of the premier independent auditing services in the country.
12th Tech's globally scalable system combines capabilities for real-time auditing and field communication through mobile networks to enable CSI to seamlessly support traditional third-party audits or in-house teams, dealer self-audits, and electronic asset identification. The RTI Auditing System enables dealer self-audits and Dealer Clearing Audits to complement physical audits, leading to enhanced audit frequency, more effective risk mitigation, and decreased average per-audit costs.
"CSI and our all-employee audit team have successfully delivered the highest quality auditing services to the market for more than 25 years, and now we are enhancing our capabilities by providing our customers with access to 12th Tech's innovative, flexible, and robust Real-Time Auditing System," said Brian Jennings, Owner and President of Collateral Specialists Inc. "The combination of CSI and 12th Tech provides our clients new flexibility to deploy a combination of physical site audits with dealer self-audits or clearing audits to enhance risk mitigation efforts while lowering average per-audit costs."
Mark Abrams, CEO and Founder of 12th Tech, saw the need for a robust, flexible, mobile, and easy-to-use auditing system that supports multiple auditing methodologies for clients and service providers.
"CSI is one of the premier auditing service providers with proven expertise and industry-leading clients throughout North America. We are very excited to be working with CSI to enable them to bring enhanced auditing capabilities to their existing and new clients," said Abrams.
Kinetic Advantage, one of the industry's fastest-growing independent finance companies, is utilizing both 12th Tech's Real-Time Auditing System and CSI's auditing services to help provide its dealers with an overall superior client experience.
Joe Keadle, Senior Vice President of Corporate Operations at Kinetic Advantage, said: "The combination of 12th Tech and CSI enables us to choose the best auditing method while also helping our dealers streamline and optimize their auditing processes. 12th Tech's leading Real-Time Intelligent Auditing System increases the quality and quantity of the audit data, while CSI provides us a great team of auditing professionals who help us ensure a high quality and consistent audit experience for our dealers. The wizard-based mobile audit capabilities are optimized across phone, tablet, laptop, and desktop devices, offering our clients the ability to focus on their operational needs, while we streamline the audit process through this industry-leading technology."
The 12th Tech Real-Time Auditing System is available through CSI, with CSI deploying the solution to new and existing clients throughout the United States and Canada.
About Collateral Specialists Inc. (CSI)
Collateral Specialists Inc. has over 25 years of experience providing banks, finance companies, manufacturers, and other captive groups with the inspection and reporting expertise required to verify their collateral. Founded in 1995 by James Jennings, the company is led by Brian Jennings. With more than 500 employees in all 50 states backed by five offices across the country, CSI has one of the largest and most experienced auditing teams in the United States.
CSI assists lenders across multiple industries, including automobiles, agricultural equipment, construction machinery, recreational vehicles, marine products, motorcycles, and all-terrain vehicles. Learn more at Collateral Specialists Inc..