Asset Control Added Value

Asset Check

Bovitrak allows lenders to track borrowers' herds, animal by animal

Managing a beef collateral loan is like riding herd on quicksilver. Do you know where your borrower's cattle are at any given moment? Can you be confident they haven't been used as collateral against another loan? Converted to cash without your knowledge? With herds that are range-fed, how can you be sure where they are or what shape they're in? The bigger the outfit, the bigger the challenge. Bovitrak is an ideal solution for managing those challenges.

With Bovitrak, detailed inventories and valuation summaries can be viewed immediately, from any computer with Internet access. Empowered with enhanced evaluation criteria, you can make better-informed, sounder business judgements on a case-by-case basis. Once cattle are pledged as collateral, you can log onto the Bovitrak database at any time to view a borrower's assets and check valuations. Since cattle are tracked whenever they change hands, conversion of secured assets is no longer a concern, especially since "pushed" Bovitrak reports will immediately alert lenders to the transaction. Ensuring that specific or especially valuable animals remain in the collateral herd is easy with Bovitrak.

Everybody wins when compliance with industry, commercial and/or government quality programs is built into beef management systems. Should compulsory tagging or tracking regulations be brought into effect, Bovitrak herds will already be in compliance and ready to move to market.

Bovitrak benefits everyone involved with the beef supply chain. Source-verifying product quality and purity reassures consumers and allows retailers to make claims about standards that are easily checked. Bovitrak allows for proof of sound feeding practices, and safety and management protocols to back up claims of superior beef quality. Lenders can rest assured that in the event of a food safety problem, any individual animal being pledged as part of a larger group of collateral animals can be tracked all the way back to source. Being able to zero in on individual animals has the potential to prevent a whole herd being slaughtered unnecessarily.