Over the years here at Spireon, we’ve released several generations of our industry-leading GoldStar device and telematics solution. What motivates us? A commitment to continually provide our dealers and automotive finance customers with innovative tools that allow them to tap into an underserved subprime market while protecting their portfolio from risk. With performance data and customer feedback as our primary drivers, we seek to improve our products each and every day. With that mind, we’re excited to announce the enhanced and redesigned GoldStar GPS solution for the vehicle finance industry, offering dealers and lenders an easy and efficient approach to mitigate risk while sustaining growth.
Meet the New GoldStar
The new GoldStar GPS solution includes several key updates and features, including:
- Redesigned User Interface: Offers a faster, more intuitive user experience.
- Excessive Mileage Reporting: New reporting feature provides early warning of driver behavior that may accelerate the devaluation of assets.
- Easy Recovery Link: One-step recovery process, enabling faster, more effective recovery workflows.
- New Mobile App: New GoldStar Connect app offers real-time location tracking, geofencing, speed alerts and other connected vehicle benefits.
- Redesigned Hardware: Improved GPS unit features a slim, re-engineered form factor and increased durability for extreme temperatures and tamper protection.
- LTE Coverage: Additional device option offers more comprehensive service, improved wireless reception and better signal reliability, while future-proofing the investment.
And this is on top of already available features:
- Consolidated Portfolio View: Allows you to monitor all loans across multiple dealerships with an easy-to-use dashboard. You can see exactly what’s going on across your portfolio without having to switch between screens. Managing your assets is now quick and easy so you can get on with your day.
- Recovery Workflow: Gives vehicle location access to your recovery agents via an online portal. Instead of having to constantly relay information to your agents, they can work independently and respond to the most current data during the process. We’ve seen recovery times decrease by 97.77% with this feature.
- Location Genie: Analyzes stored vehicle location data to predict its most probable and current location utilizing patented technology.
- Payment Notifications: Reminds your customers of payment reminders through optional in-vehicle buzzers. Payment reminders have been proven to keep borrowers on track with payments which ultimately helps them rebuild credit.
- Reference Genie: Eliminates the time and manual effort needed to validate customer references and STIPs. With GoldStar’s patented Reference Genie™, data is automatically collected and analyzed to validate work and home addresses – no phone call or manual report needed.
“Buy Here Pay Here dealers must carefully manage cash flow and protect their assets while growing their business during some of the most challenging economic conditions they’ve ever faced.GoldStar allows dealers and lenders to extend more credit and increase sales volume while efficiently mitigating risk. The peace of mind that comes with more predictable revenue is invaluable, which is why more than 15,000 businesses trust GoldStar.”–Reggie Ponsford, Senior Vice President of Sales for Automotive Solutions, Spireon
Our dealers and lenders have trusted GoldStar for their businesses and the updated GoldStar is sure to accelerate growth and streamline processes. The updated GoldStar solution offers faster workflows, simplified desktop and mobile user interface and proactive alerts, helping to protect dealer and lender investment, increase profitability and reduce operational costs.
Read the press release.