A transportation management system (TMS) like HITCH can be a valuable asset for repo firms looking to streamline their operations and increase efficiency. Repo firms are responsible for repossessing vehicles on behalf of lenders, and a TMS can help them manage the logistics of this process more effectively.
Optimization
One of the key benefits of using HITCH for repos is the ability to optimize transportation logistics. With HITCH, repo firms can create orders individually or in bulk, consolidate vehicle orders, manage internal and external pick-up and drop-off scheduling, and optimize transportation based on rates, asset availability, and other business constraints. This allows repo firms to more efficiently plan and execute their repossession operations.
Visibility
Another benefit of using HITCH for repos is the ability to gain visibility into their operations. HITCH provides granular visibility and task-based control of operations, as well as summary snapshots of period-based operations and tasks. This allows repo firms to see the status of their repossession orders in real-time and make adjustments as needed. It also helps them to identify and resolve any issues that may arise during the repossession process.
Streamlining
HITCH also helps with streamlining transport orders, managing continuous moves, and enhance collaboration and communication to accommodate visibility, alerting, escalations, tracking needs, which can be crucial for repos. This allows them to quickly and easily communicate with their drivers, as well as track the status of their repossession orders.
Payments and Claims
In addition, HITCH can help repos with payments and claims. With HITCH, repo firms can maintain partner and transporter-specific rate tables, variable fares/payouts by customer, and transporter payments. It also allows them to automate payments to their transporters and enable payments to their financial systems. With audit support for itemized charges and advanced claims management capabilities, HITCH helps repo firms better manage invoicing and reconciliation.
Overall, HITCH can help repos streamline their operations, increase efficiency, and gain visibility into their repossession operations. With its advanced logistics controls, automated operations, and real-time tracking capabilities, HITCH is an ideal solution for repos looking to improve their performance and stay competitive in the market.
Start using HITCH today and experience the benefits for yourself with no setup fees, no integration fees, no migration fees and no monthly subscription fees. Learn more and schedule a demo today!
