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Lenders - know where your assets are

Johannesburg, 03 Oct 2011

Leading asset tracking technology specialists, NetTrace, and Xpertek, software provider of lending solutions, have partnered to offer a market first to lenders - an asset tracking solution matched to a loan in real-time.

As part of a VAR agreement, Xpertek will offer NetTrace's asset tracking solution to its lending clients.

Xpertek identified a need within its lending client base to effectively manage the loan and the asset attached to that loan. Previously, the lenders' clients managed the loan and the related asset almost independently. Now, at any given time, lenders can know where their rental assets reside and their clients will have real-time current information on the location of the asset.

The product is offered in three levels: Entry level; Enhanced; and Elite. Lenders can search for assets by serial number, model or rented assets due back by a certain date; manage assets by type, model, and user. Asset details can be scanned in, reports drawn, and at the Elite level, there is the advantage of onsite support.

Both the lender and the lender's client can make informed decisions on the rental agreement. In short, a complete asset tracking solution spanning the entire life cycle of the asset. NetTrace offers a true matching of an asset to a loan.

Benefits for lenders and their clients:

* Automated asset management from beginning to end
* Live update to customers
* Informed decision-making on rentals
* Enhanced customer retention and acquisition

Xpertek's CEO, Barry Leonard, commented: “NetTrace is an ideal partner for Xpertek because they are a leader in asset tracking technology in South Africa, and this partnership is in line with Xpertek's strategy of providing 'best of breed' solutions.” He continued: “They have many years' experience and make use of international standard technology packaged specifically for lending organisations.”

For further information about Xpertek's solutions and services, kindly contact Barry Leonard, CEO of Xpertek, on 011 519-3000 or log on at http://www.xpertek.co.za.

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