The Marine Retailers Association of the Americas, in partnership with Dealer Profit Services, has created a new resource for dealers looking to create a compliance process.
MRAA’s “Guide to Creating a Compliance Process” is a 30-plus page publication to ensure that marine retailers have the information, tools and processes in place to protect their businesses, team and customers.
“While we will have launched more than 100 dealer resources, tools and educational offerings by the end of the year, this guide is one of the most in-depth and robust that we’ve had the privilege to share,” says Liz Walz, MRAA’s Vice President. “It is an excellent example of the expertise and insight that MRAA has been able to tap into, thanks to fruitful relationships with generous, education-minded partners like Dealer Profit Services.”
The guide explains why having a compliance process is smart for business and offers real-life compliance “red-flag” examples for retailers to watch out for as well as sample language that can be used to create a compliance process.
“As a longtime Education Champion Partner with MRAA, we developed this Compliance Guide because we truly appreciate how hungry MRAA members are for continuous improvement and we recognize that Compliance is an area where there is often significant room for improvement” said Myril Shaw, Chief Operating Officer of Dealer Profit Services. “Based on our very well received Comprehensive Compliance Program Product, we hope to show our MRAA partner’s members how to ensure that Compliance shifts from being an event into being a process and thus demonstrate a ‘good-faith effort’ in the event that Compliance issues should occur.”
Further, the guide explains that not having an updated and effective compliance process that is referenced and adhered to daily may be putting your marine businesses at greater risk for fines and penalties if an issue were to arise.
The “Guide to Creating a Compliance Process” is an MRAA members-only publication available at MRAA.com/guides.
About the Marine Retailers Association of the Americas
At the Marine Retailers Association of the Americas, we believe that for the marine industry to thrive, the retail organizations that interact with the boaters in their community must thrive. With that in mind, MRAA works to create a strong and healthy boating industry by uniting those retailers, providing them with opportunities for improvement and growth, and representing them with a powerful voice. For more information, contact us at 763-315-8043.
About Dealer Profit Services
As a premier F&I Services Provider, Trainer, Consultant, and Comprehensive Compliance Program supplier, Dealer Profit Services is about improving a dealer’s F&I profit and then providing the tools to ensure that profit is protected. As a Service Provider, Dealer Profit Services provides complete F&I services and delivers the industry leading F&I Profit Results. As Trainers and Consultants, we help dealers improve their in-house F&I departments. Through the Comprehensive Compliance Program, Dealer Profit Services provides an on-line, on-demand, Compliance Program with documents, training and tools to make F&I Compliance a process that helps protect the dealer against potential risks from compliance issues. Learn more by visiting dealerprofit.com, email info@dealerprofit.com, or call (470) 326-0966.
