Compli Launches Expanded Version of Its Free Online Compliance Risk Appraisal Tool for Auto Dealers; New Compli DCA Helps Dealers Assess 18 Areas of Regulatory Compliance Risks and Includes Real-World Examples of the Costs of Non-Compliance
PORTLAND, Ore.--May 2, 2006--Compli(R) has launched an expanded version of its free Dealer Compliance Appraisal (DCA) tool at www.compli.com/dcav2. The only tool of its kind, the popular Compli DCA lets an auto dealer conduct a confidential assessment of a dealership's existing methods of compliance with regulations and employment practices."Auto dealers will gain tremendous benefits from using the expanded Compli DCA," said Jim Lawrence, vice-president of product management at Compli. "In addition to assessing the current compliance levels of their organizations, they'll learn about the actual fines, penalties, and judgments that other dealers have been assessed due to non-compliance."
The examples in the new Compli DCA include press coverage of U.S. dealerships that faced litigation and/or fines resulting from their lack of risk management in one or more of the 18 elements of a complete compliance management program. The 10-minute appraisal survey tool 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 communications, 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
Once 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 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 dealership online access to details about the specific areas of concern, including those with the highest element of risk based on the survey results.
About Compli
Privately held Compli is headquartered in Portland, Ore., with sales offices in California, Florida, and Georgia. 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 litigation, insurance, and overhead.
Dealerships interested in gauging their current levels of compliance may receive a free, online assessment with the Compli DCA at www.compli.com/dcav2. For more information on the Compli DLMS, a product demonstration, or the latest Compli news, visit 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.