We were recently contacted by a company looking to move their credit facility. Unfortunately, they hit a snag because the prospective new capital provider took a look at their deal paperwork and found issues that concerned them. It then asked about their compliance management system and to interview the compliance officer and was told neither exists. The capital provider sent them to Ignite, and we're in the process of implementing an overall compliance strategy. Hopefully the story will have a happy ending.
We bring this up, though, because it emphasizes something we continually preach: COMPLIANCE ISN'T A SOMETIME THING. You may attend our webinars, that's great, we love having you, and you may read these Tips of the Week, but truly, that's just the Tip of the Iceberg. There's a lot more that needs to be done.
Auto sales and finance is one of the most regulated industries. You might as well be an environmental or pharmaceutical company with all of the regulations to follow, and they are constantly changing. Then there's the army of lawyers that are constantly on the attack.
Suffice it to say that the bar is always being raised. The same protections that worked only ten short years ago are not sufficient today. You need to take action to protect your business.
If you are reading this, you need to attend Compliance Unleashed 2024: Risk Never Rests, being held in DFW May 20-22nd. It's really that simple. Don't put it off until next year, don't use the excuse that you can't get away, or that it's not in your budget. Are the thousands of dollars that you'd have to spend to resolve just one complaint, lawsuit or regulator issue in your budget?
We promise that two days with us will transform your business and change your thinking. You'll see risk in a whole new light, and you'll learn battle tested solutions to make your business stronger. Don't put it off, don't rely on the strategy of "it will never happen to me". Hit that Registration button below and find out why our audience keeps coming back year after year. We'll see you in May. If you have any questions please reach out to Ignite at info@ignitecp.com please follow the link below to register for Compliance Unleashed 2024 https://www.complianceunleashed.com/