Benefits
The latest cloud-based technology solution that empowers insurance companies to respond more quickly, cost-effectively and profitably to workflow and logistic challenges – with a fully digital asset liquidation model.
Todays Problems
– Assets need to physically be moved
– Time delays with logistics
– 3rd parties can have very high fee’s
– Asset payouts can be very delayed
– Works on someone else’s schedule
Tomorrows Process
No logistics
Digital system allows you to sell the item directly without transport
Better profits
No 3rd party fee’s means insurance company retains all upside of sale
Better cashflow
Consistent cashflow which the insurance company is in control of
Fast turnaround
Vehicle is sold within 24/36 hours allows for better service for all
1. VEHICLE DAMAGED
Once damaged, the vehicle will be towed to a body shop for assessment
2. DAMAGE ASSESMENT
If vehicle damage is too severe, it will be deemed a total loss by the adjuster/appraiser
3. POST AUCTION
Adjuster instructs body shop to upload vehicle specifics and photos to the website and the live auction begins
4. VEHICLE SALE
Once auction has completed Insurance company receives total funds for the vehicle