Spireon, the leading provider of Mobile Resource Management (MRM) and business intelligence solutions used by companies to maximize their mobile assets and workforce, announces an exciting new collaboration between the company’s Automotive Solutions Group, Sprint (NYSE:S) and CU Solutions Group (CUSG).
CUSG is a leading industry organization offering credit unions nationwide innovative solutions for improving their business operations, efficiencies and member services. CUSG has added Spireon’s LoanPlus CMS (collateral management system) to its arsenal of solutions for credit unions looking to serve a broader range of members with automotive loans while reducing their risk.
Spireon’s LoanPlus CMS is a GPS-based collateral management system that allows credit unions to capture a wealth of real-time data about their automotive collateral’s location, movement and status, then leverage this data to improve member services, collateral management and collections. The latest generation of LoanPlus CMS runs on the Sprint 3G nationwide network – and has been recognized as “Best Automotive Collateral Management Platform” in the M2M category during the 2014 Consumer Electronics Show (CES). Boasting a total subscriber base of more than 1.7 million, Spireon brings a proven technology to team with Sprint’s leading telecommunications solutions.
“This cooperative relationship between leaders in three industries – telematics, credit unions and telecommunications – offers unique advantages for credit union customers,” says Brad Jarvis, Spireon chief marketing officer and executive vice president of Products. “CUSG will now be able to bring their credit union partners powerful, easy-to-use technology for tracking vehicles, managing collateral and reducing risk while extending loans to more members, including those with credit challenges.”
“With this new affiliation, CUSG can expand our offerings for credit unions to help them grow their auto lending business and better serve their members,” says Dave Adams, CEO at CUSG. “We are excited to bring our credit union members a powerful and proven telematics solution that will help them meet their automotive lending objectives.”