Few other industries operate like the automotive industry.
Auto dealers function as many distinct business units, under one roof, with a wide variety of industry-specific regulatory and other compliance demands.
Compli enables auto dealer compliance by providing a compliance automation system that helps mitigate auto dealer risk, prove the efficacy of their compliance program, and focus on driving sales.
Compliance Automation for Auto Dealers
Compli is an easy-to-use compliance automation system that helps auto dealers attain and prove compliance in this complex, uncertain environment.
Automating your workforce compliance program means putting into action reliable, repeatable management and monitoring of your compliance initiatives. This ensures the right people get the right content at the right time. Compli’s easy to use compliance automation platform – coupled with the relevant content (like policies, training, forms & assessments) makes compliance easier for your workforce – mitigating business risk while saving you time and money.
“Time is money and if we can free up four to five hours of time for each manager, that’s a significant savings that goes straight to our bottom line.”
Controller-LaFontaine Auto Group
Read Christine’s Story >>
Spend less time on compliance and more time selling cars.
Manage compliance with regulations and policies.
Auto dealers face mountains of compliance requirements and remain a target of ongoing regulations and policies designed to protect consumers and lenders. Compli helps you meet compliance demands with regulations like the Red Flags Rule, Cash 8300, and harassment and discrimination policies.
Generate proof for audits.
In the automotive industry, enforcement agencies like the Federal Trade Commission (FTC), Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) demand proof that dealers are adhering to laws. With Compli solutions dealers can mitigate their auto dealer risk to not only stay compliant, but can also produce proof any time a regulatory agency comes knocking, at the touch of a button.
Ensure employees receive workforce trainings.
The automotive industry experiences high employee turnover, frequently runs new sales and marketing promotions while also acquiring new locations. Compli helps ensure new employees receive the training they need, embrace your company’s culture of compliance, and that as sales and marketing promotions change, everyone stays up to speed on them for your compliance program.
Minimize risk of litigation and fines.
Auto dealers run credit checks, verify identities of sellers and buyers, and ensure each sale has the appropriate, legal paperwork–activities that if done improperly can result in litigation and fines. Compli provides proof of adherence to relevant laws and other best practices, so dealers feel confident they aren’t exposed to risk.
Recent Auto Dealer Blog Posts
Regulators, and specifically the CFPB, expect every entity to have an effective CMS adapted to its business strategy and operations. A good CMS can proactively address the risks relevant to your organization
manage all of your initiatives in one place
- Anti-Money Laundering
- Sales F&I
- DOL and FTC Enforcement
- Contractual Obligations
- Third-Party Compliance
- Harassment and Discrimination
- Employee Protections