Compli Launches Compliance Risk Appraisal Tool for Automobile Dealerships
PORTLAND, Ore.--Dec. 1, 20052, 2005--Compli(r) has launched its new online Dealer Compliance Appraisal (DCA) tool at http://www.compli.com/appraisal/ (http://www.compli.com/appraisal/). This unique tool enables an auto dealer to conduct an assessment of the dealership's existing methods of compliance with regulations and employment practices. The quick, 10-minute appraisal survey is derived from Compli's proprietary Good-Faith Compliance Framework and dealership compliance effort-weighting scale.Auto dealerships are one of the most highly regulated industries in the U.S. Regulations include those pertaining to finance and insurance (F&I), consumer communication, sales management, desking, employment practices, environmental quality, workplace safety, and Regulations M and Z. Dealerships are also subject to regulation by the Office of Foreign Assets Control (OFAC), and provisions of the Gramm-Leach-Bliley Act (GLBA).
Dealer Compliance Index Provided to Dealerships at No Charge
After a dealer submits a completed DCA survey, Compli provides a complimentary assessment in the form of a custom Dealer Compliance Index (DCI). The DCI is a measure of the dealership's current level of potential compliance liabilities by possible source. The appraisal answers the questions: "What is our current level of compliance and where do we face compliance risks?"
The new Compli DCA generates a clear, visual report card of compliance strengths and weaknesses, giving a dealership actionable information that can be used to improve its overall liability profile. The appraisal tool also gives the dealer online access to details about the specific areas of concern, including those with the highest element of risk based on the survey outcome.
The New Compli Dealership Liability Management System (DLMS)
Compli recently released a new version of its Dealer Liability Management System (DLMS) (http://www.compli.com/news/news.php?p=pr (http://www.compli.com/news/news.php?p=pr&i=25) &i=25), the first and only system designed for regulatory and employment practices compliance and risk management for auto dealerships. Developed with national employment law firm Fisher & Phillips LLP (F&P), the Compli DLMS features new functionality and content from F&P subsidiary PreventionPoint LLC. The Compli DLMS controls, tracks, reports on, and automates regulatory compliance operations within auto dealerships. It mitigates liabilities via an early warning system that prevents unnecessary fines and claims and significantly reduces overhead costs.
About Compli
Privately held Compli is headquartered in Portland, Ore., with sales offices in California, Florida, Georgia, and Texas. For automobile, truck, and RV dealerships, Compli's Dealership Liability Management System (DLMS) controls, tracks and automates regulatory compliance operations within and across dealerships. It is an early warning system that uncovers, reports on, and mitigates liabilities to save dealers money on on litigation, insurance, and overhead.
Dealerships interested in gauging their current levels of compliance may receive a free, online assessment with the Compli DCA at http://www.compli.com/appraisal (http://www.compli.com/appraisal/) . For more information on the Compli DLMS, a product demonstration, or the latest Compli news, visit http://www.compli.com (http://www.compli.com/) or call 866-294-5545 toll free.
Compli is a registered trademark of Compli. All other legal marks are the property of their respective owners.