#USA #Austin #Crescendo #12th Tech #uFloorit

12th Tech: Pioneering Solutions in Collateral Verification

12th Tech, renowned for its technology in collateral verification and floor plan portfolio management, has recently unveiled a comprehensive redesign of its marketing website. This new digital platform not only showcases the company’s innovative services but also highlights their flagship solutions, particularly the new uFloorit tool aimed at enhancing the validation of assets for lenders.

About the New Marketing Website

The freshly redesigned marketing website is a testament to 12th Tech's growth and evolution. It serves as a vital resource for lenders, dealers, and auditors, presenting the company’s expanding suite of technologies that are crucial for effective management of floor plan portfolios. The redesign aligns with 12th Tech's strategic objective to deliver enhanced visibility and smarter tools for collateral risk management. The website prominently features the company's flagship offering, the Crescendo platform, which plays a pivotal role in streamlining physical audits, self-audit processes, and more.

The Introduction of uFloorit

Among the key innovations highlighted is the uFloorit solution, which provides lenders with a systematic approach to validate assets being added to a dealer’s floor plan. This is particularly relevant for inventory acquired through non-traditional channels, including private purchases and trades. By allowing lenders to set specific parameters for documentation and validation, uFloorit enhances their ability to mitigate risks associated with asset acquisitions.

Mark Abrams, the CEO and Founder of 12th Tech, stated, "As the challenges faced by lenders continue to evolve, so too must our technology. This new website is a reflection of where we’ve been and where we’re heading in the collateral management landscape."

The Importance of uFloorit

With uFloorit, lenders can customize the information collection process to include required asset details, documents, and photographs, ensuring a thorough vetting process. The tool employs advanced cryptographic technology to seal photographs, maintaining image integrity and instilling confidence in asset validation. This proactive approach to verification significantly reduces risks at critical points in the collateral lifecycle.

Comprehensive Technology Solutions

Beyond uFloorit, 12th Tech continues to enhance its own Crescendo platform, providing a scalable solution for managing various processes within floor plan portfolios. Crescendo is designed to facilitate onboarding, verification, auditing, risk analysis, and reporting, creating a cohesive environment that adheres to lenders' unique business requirements.

About 12th Tech

12th Tech aims to revolutionize how wholesale lenders approach collateral risk management through innovative technology solutions. With a vision of going beyond simple auditing, 12th Tech develops integrated tools to connect workflows, verification processes, and decision-making, ensuring greater confidence across the board. The portfolio of tools, which includes Crescendo and its components like Crescendo Hub, Mobile applications, uVerify, uReconcile, and now uFloorit, forms a robust ecosystem that allows organizations to manage collateral risk and portfolio operations with ease.

As the financial landscape shifts, tools provided by 12th Tech are vital for lenders seeking to navigate the complexities of collateral risk management effectively. For more information on their offerings, please visit their newly launched website at 12th Tech.