Developing an Automated Asset Transaction Platform for Tax-Delinquent Asset Management

The client’s internal teams are at capacity managing legacy systems for auctioning and purchasing tax delinquent assets. They face challenges in launching new products due to system limitations, resulting in reduced throughput, slower transaction processing, and increased operational overhead. Efficient, scalable, and automated transaction systems are needed to enable business growth, streamline operations, and improve compliance processing.

A government agency or authority responsible for managing tax delinquent asset auctions, seeking to modernize and automate their transaction processes to increase efficiency and revenue.

• Design and develop a comprehensive web-based platform to automate the end-to-end process of buying and selling tax delinquent assets.
• Implement a scalable system capable of handling high transaction volumes, with optimized performance to support rapid processing.
• Integrate with third-party systems and hardware components essential to asset management and compliance workflows.
• Enhance operational efficiency, enabling faster processing speeds, increased revenue, and support for market expansion.
• Develop a digital mailing service to automate physical mail sending, improving compliance and communication workflows.

• A transaction management module supporting the entire buying and selling cycle from initiation to completion.
• Integration with third-party systems to aggregate and synchronize data from multiple sources, accommodating various schemas and Nomenclatures.
• Hardware interface integration for hardware components involved in asset verification or transfer processes.
• An automated physical mail sending service to support compliance communications, capable of handling high volumes with minimal bottlenecks.
• A secure, high-performance backend infrastructure built on scalable technologies, ensuring stability and reliability under load.

• Third-party data sources for aggregating asset information
• Hardware components involved in asset verification
• External mailing services or hardware for physical mail automation

• Ability to handle at least 160,000 letters per batch with minimal delays
• System scalability to support growth in transaction volume and market expansion
• High availability and reliability to ensure uninterrupted operations
• Strong security protocols to protect sensitive data and ensure compliance

By implementing this automated transaction platform, the organization aims to significantly increase processing throughput, achieving a 5x faster mailing capability compared to legacy systems. The solution is expected to enhance operational efficiency, support revenue growth, and facilitate expansion into new markets, ultimately transforming their business model and increasing overall market competitiveness.