Quiktrak

Quiktrak are a global leader in inventory auditing, asset inspections and process verifications for the finance industry. Headquartered in the United States, we operate across 44 countries, combining leading-edge tech solutions with an active field force in each market. Established in the UK since 2004, we are trusted by the asset finance sector to manage portfolio risk, from fledgling lenders to blue chip clients.

With a strong heritage in asset inspection and verification, we continue to evolve how collateral is monitored — moving beyond periodic physical audits towards a more connected, data-driven and risk-based methodology. Our client-centric approach allows lenders to leverage configurable workflows and AI-driven digital intelligence with physical verification and actionable reporting.

CHECKS is Quiktrak’s digital audit platform, designed to make inventory verification more efficient, intelligent and responsive to risk.

Rather than relying exclusively on periodic physical inspections, CHECKS enables a more continuous approach to monitoring dealer stock and identifying potential discrepancies.

Its capabilities include:

• Digital self-checks: Enable dealers to complete structured stock-verification activities through configurable digital workflows.
• VIN scanning and OCR: Capture and validate vehicle identification and relevant asset information, helping reduce manual data entry.
• GPS and timestamp verification: Provide supporting evidence of an asset’s reported location and the time of verification.
• Intelligent risk indicators: Help highlight anomalies, discrepancies and potential fraud indicators for further investigation.
• Configurable workflows: Adapt audit processes to individual lender requirements, asset types and operational priorities.
• Exception management and reporting: Give finance teams greater visibility of outstanding issues, audit results and areas requiring attention.
• Risk-based physical inspections: Help direct field resources towards higher-risk accounts and larger exposures, rather than applying the same inspection approach to every dealer.

www.quiktrak.com