When a customer who has taken a commercial vehicle loan from a bank or NBFC default on the payment, they mark that loan as a Non Performing Asset (NPA) and start the process of recovering the remaining dues by auctioning the asset (vehicle). From confiscating the vehicle to selling it in an auction everything is done manually. An auctioneer sets a base price and the bidder starts to bid above the base price. The bidder who makes the highest bid wins the deal (vehicle). This manual process involves high-cost, it is time-consuming and prone to error. To offer a convenient, easy and cost-effective solution Nityo Infotech offers Digital Collection and Recovery System or DCRS. This system enables banks or NBFCs to track and capture the entire process of asset collection and recovery digitally. This way the banks or NBFC can follow legal compliances, have greater control and complete transparency over the process.