FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Agricredit Selects Quiktrak to Provide Dealer-Based Floor Plan Audit Solution

March 06, 2014, 06:45 AM
Filed Under: Industry News

Quiktrak, a global leader in asset verification and inventory audit solutions, announced an agreement with Agricredit, the North America food and agriculture business for De Lage Landen, a global provider of asset-based financing solutions to manufacturers and distributors.  Quiktrak will now provide risk management field services and field inspections for Agricredit’s floor plan lending and financing operations.

Quiktrak’s risk management software, Revoquest, will allow Agricredit to more efficiently analyze risk and report audit results. Quiktrak worked closely with Agricredit to develop inventory audit procedures, unique business-rule logic and customized reporting.

“We’re thrilled to leverage the power of Revoquest in our audit processes,” said Tom Meredith,  President, Agricredit. “The high volumes of audit and inventory inspections we manage demand a platform that can leverage reliable technology and deliver accurate results. We selected Quiktrak because of its leading technology and mobile capability and knowledge, and because we believe Quiktrak can help deliver those results to our customers in their market.”

Utilizing Revoquest on the Android™ mobile technology platform, Quiktrak field inspectors will perform inventory and asset verification services at Agricredit dealers throughout the United States and Canada. Agricredit’s in-house auditing team will also be armed with Revoquest to more efficiently report results. As Revoquest platforms are customized for each customer’s accounting system, Agricredit will be able to integrate Revoquest with existing audit and inspection protocols.

“Agricredit is one of the industry’s most respected brands,” said Greg Froomer, CEO of Quiktrak. “We’re pleased with the opportunity and confident that Quiktrak and the Revoquest risk management system will provide a tremendous benefit to their organization in terms of auditor efficiency and reporting accuracy.”

Revoquest is a proprietary risk management software suite used by Quiktrak clients and inspectors in the field to help manage dealer-based inventory risk for the captive finance and wholesale credit industries.

Headquartered in Beaverton, Oregon, Quiktrak is a leading provider of due diligence field services, including field inspection and asset verification reports and floor plan inventory auditing and technology solutions.Founded in 1991, Quiktrak utilizes Android™ mobile technology and a network of more than 600 strategically placed inspectors to provide the industry’s most reliable and trusted asset verification solution.Quiktrak’s audit services and technology solutions help protect the assets of leading commercial lenders and asset finance companies, including captive finance and wholesale credit groups in 14 countries.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.