CARMEL, Ind. -

ADESA subsidiary Recovery Database Network (RDN) formed a new partnership on Tuesday with Digital Recognition Network (DRN), one of the presenting sponsors of the Re3 Conference at Used Car Week.

The companies highlighted the collaboration allows RDN finance company clients to access DRN’s SmartRecovery data from within the RDN system — all of which is aimed at simplifying the vehicle-recovery process.

DRN recapped that SmartRecovery is a subscription service that can provide vehicle-specific location information to finance companies. This information, including 12 months of historical license plate recognition hits, map view, addresses and live vehicle sightings for six months, can now be uploaded seamlessly into RDN case assignments and then shared with recovery companies and agents.

Both companies see this arrangement as having substantial benefits for clients, which includes improved recovery results and increased efficiency with repossessions.

“This partnership enables us to offer our lenders a simple, one-stop solution,” RDN president Zach Hallowell said. “Our clients can purchase SmartRecovery from within the RDN interface they’re already using.”

Hallowell added that direct access for existing RDN accounts means seamless connection to SmartRecovery intelligence with no need for multiple logins or different applications and no third-party billing.

“Making SmartRecovery available via RDN is part of our roadmap for helping lenders and repossession professionals optimize their results,” DRN chief executive officer Chris Metaxas said. “We’re excited about this opportunity to collaborate with RDN and share these advantages with their clients.”

Both Hallowell and Metaxas each will be making appearances at the Re3 Conference, the Used Car Week event that focuses on repossessions, recoveries and remarketing.

Hallowell will be joined by three other industry leaders for a panel session titled, “2015: The Virtual World of Repossession.” Hallowell along with Michael Eusebio of DigitalDog Auto Recovery, John Lewis of Intellaegis and Tony Parra of Bank of America will discuss the evolving trends impacting the repossession industry.

The session will include a fast-paced discussion that demonstrates how the intersection of bleeding edge technology, big data analytics, workflow automation and regulatory oversight are interacting in a virtual manner that’s beginning to shape the dynamics of one of the most challenging industries in the financial services space.

Also during the Re3 Conference, Metaxas will highlight what he believes are other “Re’s” that finance companies shouldn’t neglect. In fact, some executives might go so far as to say they should shift focus to the new Re3 to build and grow business successfully.

Metaxas will explain how — for some — focusing efforts on the “old” Re3: recovery, repossession and remarketing, is like driving on empty. Metaxas will teach audiences about the “new” Re3: revenue, risk reduction and returns, and will help fill executives’ tanks with the insights and solutions that put the focus on what finance companies really want.

Those sessions and more will take place on Nov. 12 at the Red Rock Casino, Resort and Spa in Las Vegas. Registrations are still being taken for the Re3 Conference — presented by Digital Recognition Network and Primeritus Financial Services — by going to the conference website.