GRAND RAPIDS, Mich. -

Coming off of a year when the company said it generated 40% growth on an annual basis, Loss Prevention Services announced plans this week for its new repossession management platform.

The company highlighted that SysHub will provide a suite of administrative process and service enhancements that can offer a trio of functions, including:

— Synchronize current operating systems to support service level agreements

— Consolidate user interface for repossession platforms in the market

— Provide a robust compliance engine managing potential exceptions in real time

Loss Prevention Services said it will be launching SysHub during the first quarter. 

The company insisted that implementing SysHub will ensure scalability for continued growth and allow Loss Prevention Services to focus on the depth and accuracy of information increasing success rates for vendors and clients alike. 

Loss Prevention Services explained that its growth in 2019 was a balanced mix of new clients, increased performance metrics on the existing portfolio, increased client market share and scope of service offerings that is expected to continue in 2020 and beyond. 

 “We deliver a service offering that is sought after because we focus on our role and greatest benefit to our clients,” president and chief executive officer David Cowlbeck said in a news release.

“Using our consultative approach to truly understand our customers becomes our directive for procedures that are the natural outflow of our client’s processes,” Cowlbeck continued. “We deploy expertise in our core competency, collateral location and recovery services, so that our clients can focus on their internal focus and goals.”