WESTCHESTER, Ill., July 25, 2017 /PRNewswire/ -- Insurance Auto
Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc., (NYSE: KAR), and the leading live and live-online salvage
auto auction company, today announced its latest innovation, Active Inventory Management™. The Active Inventory Management™
service enables insurance company customers to save time and resources by outsourcing their entire salvage inventory management
process to IAA.
"IAA developed the Active Inventory Management™ solution to help our insurance customers streamline their salvage management
process and generate better economic returns," said John Kett, CEO and president, IAA. "IAA is
committed to providing the tools, resources, and technology needed to deliver an unmatched customer experience. Active Inventory
Management is the latest enhancement in this effort, and early adopters have already seen improved results in returns, cycle time
and internal expense."
Utilizing IAA's unique CSAToday® platform, the salvage industry's first mobile vehicle inventory management tool, IAA is able
to actively monitor vehicles, identify issues, and coordinate any resolutions through its dedicated customer service team.
Together with the Active Inventory Management Solution™, IAA hopes to help customers drive higher levels of satisfaction and
retention amongst their own customer-base. Additionally, with salvage inventory often managed by insurance company employees with
multiple responsibilities, Active Inventory Management™ provides a turnkey alternative that can improve APD process efficiency
and keep employees focused on other value-added responsibilities.
As an industry leader in technology and innovation, IAA continues to develop new capabilities like Active Inventory
Management™ that address and anticipate the needs of salvage buyers and sellers. The company was the first to invest beyond the
physical auction and provide sellers and buyers with technology solutions that decrease cycle times, increase customer
satisfaction, and help manage costs.
IAA Contacts
Media Inquiries:
Jeanene O'Brien
708.492.7328
Jobrien@IAAI.com
KAR Contacts
Media Inquiries:
Tobin Richer
(317) 249-4521
Tobin.richer@karauctionservices.com
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions (IAA)'s unique live and live-online salvage vehicle auction platform is part of an end-to-end
remarketing solution providing global buyers opportunities to bid on and purchase total loss, donated, higher mileage, and
clean-title vehicles. IAA is a business unit of KAR Auction Services (NYSE: KAR), a FORTUNE 1000 global auto remarketing and
technology services company. Utilizing cutting-edge technology, IAA's model enables insurance companies, fleet and rental
companies, banks, and the general public to simultaneously participate in multiple auctions online and in-person. Headquartered
in Westchester, Illinois, IAA has over 2,800 employees and more than 170 facilities across the
U.S. and Canada. www.iaa-auctions.com.
About KAR Auction Services
KAR Auction Services (NYSE: KAR) provides sellers and buyers across the global wholesale used-vehicle industry with
innovative, technology-driven remarketing solutions. KAR's unique end-to-end platform supports whole car, salvage, financing,
logistics and other ancillary and related services, including the sale of more than 5 million units valued at over $40 billion through our auctions. Our integrated physical, online and mobile marketplaces reduce risk, improve
transparency and streamline transactions for customers in 110 countries. Headquartered in Carmel,
Indiana, KAR has approximately 17,400 employees across the United States, Canada, Mexico and the United Kingdom.
www.karauctionservices.com.
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SOURCE Insurance Auto Auctions, Inc.