16
How We Can Help John E. Pacheco Senior Consultant January 2011 Red Flag Compliance Solutions and the Protection of Earnings Copyright 2010 PegaFrog, Inc. http:// www.redflagsmadeeasy.com 1

How We Can Help

  • View
    368

  • Download
    2

Embed Size (px)

DESCRIPTION

Our Mission: To provide customized Red Flags Identity Theft Prevention solutions in a timely and cost effective manner.

Citation preview

Page 1: How We Can Help

How We Can Help

John E. PachecoSenior Consultant

January 2011

Red Flag Compliance Solutionsand the Protection of Earnings

Copyright 2010 PegaFrog, Inc. http://www.redflagsmadeeasy.com 1

Page 2: How We Can Help

Non-ComplianceSo What could happen?

• Loss of Inventory• Costly Legal Issues (Criminal & Civil)• Complaints to FTC or other gov’t agencies• Embarrassing media coverage• Compromised consumer trust and confidence• Loss of competitive advantage• Employee status does not protect from liability• Bankruptcy of business

http://www.redflagsmadeeasy.comCopyright 2010 PegaFrog, Inc. 2

Page 3: How We Can Help

Penalties for Non-Compliance

• $2500.00 per violation for violating FCRA• $11,000.00 per violation of the FTC Act.• Possible associated violations of state

unfair and deceptive practices laws.• Possible civil liability

http://www.redflagsmadeeasy.comCopyright 2010 PegaFrog, Inc. 3

Page 4: How We Can Help

A Need for Balanced Approach

Copyright 2008 PegaFrog, Inc.

Revenue

Page 5: How We Can Help

Copyright 2008 PegaFrog, Inc.

We Help You Leverage Your Time & Energy

We Help ProtectSo You Can Concentrate on Revenue.

Page 6: How We Can Help

Assessment Drives the Process How its Done

• A Review of your Business Process

• Network Vulnerability Assessment– Person to Person– Electronic Medium– Miscellaneous & Administrative

• Independent Consulting Modus

– We listen to your concerns and they become our concerns

– Not product driven, no one size fits all

• Any other issues you wish to engage in.Copyright 2008 PegaFrog, Inc.

Page 7: How We Can Help

Compliance Assessment Our Deliverables to You

• Interview Employees and Management Team

• Change Agent Issues, including help with Vendor and

Software Assessment.

• Follow up calls & internet meetings to clarify any

issues found and work solutions that help your sales

process, not hinder.

• Focus on Sales and Revenue, provide “balance.”Copyright 2008 PegaFrog, Inc.

Page 8: How We Can Help

Document Our Deliverables to You

• Establish Policy & Procedure for NPI specific to store

• Recommend Solutions for problems found

• Turn-Key Implementation Instructions– We Author the Actual Documents– Summary for implementation– Templates for addendums and monitoring

• Red Flags Checklists customized to store process.

Copyright 2008 PegaFrog, Inc.

Page 9: How We Can Help

Your Plan in Brief Our Deliverables to You

• A Customized Narrative Based your Store Process

• A Chain of Custody for store NPI, and your systems

• Assessment Report

• Recommended Implementation Steps

• Your Red Flags identified and documented.

• Integrated Checklists for your Deal Jackets, HR, and Compliance Officer

• Training of Store Personnel and Store Management

• Address of any issues or concerns you wish to add to the process.

Copyright 2008 PegaFrog, Inc.

Page 10: How We Can Help

We Train Store Employees Our Deliverables to You

• General Overview of Legislation

• Your Specific Store Compliance Document

• Their Specific Job Function and Responsibilities under

the plan.

Copyright 2008 PegaFrog, Inc.

Page 11: How We Can Help

Bottom Line – Win Win

Copyright 2008 PegaFrog, Inc.

• It’s the right thing to do for Yourself and your customers

• You continue to concentrate on sales without distraction.

Page 12: How We Can Help

Flexible Levels of Service

• On-site Consulting & Training• Or by Remote Engagement• Independent Evaluation of Existing

Red Flags Document & Program• Online Self Help Toolkit

Copyright 2008 PegaFrog, Inc.

Page 13: How We Can Help

Benefits

You choose the level of help you want. We can provide an independent vulnerability assessment of your store, make recommendations, author the required compliance documents and train your people; or you can simply download one of our do-it-yourself Online Toolkits; or we can help you choose any level of help in-between those two extremes.

Copyright 2008 PegaFrog, Inc.

Page 14: How We Can Help

Who We AreCompany OverviewRed Flags Made Easy is a compliance consulting company based in

Dripping Springs, Texas - just outside of Austin.  The goal of Red Flags Made Easy is to provide customized, affordable and flexible Red Flags and identity theft prevention solutions to automotive dealerships. Red Flags Made Easy provides a personal approach and level of service not usually found in the industry.  We have Fortune-500 sales, compliance, management, and project management experience, so our personal approach is augmented with a high level of professionalism and expertise.

MissionTo provide customized Red Flags Identity Theft Prevention solutions

to automobile dealerships in a timely and cost effective manner.

Copyright 2008 PegaFrog, Inc.

Page 15: How We Can Help

Facts About Us• We do not sell software or product and are therefore completely

independent; we have no agenda of selling you a particular vendor product under the guise of Red Flags compliance.  Because of our independence and flexibility, we have been as equally effective in helping large dealerships which move 400-plus vehicles per month, as in helping small dealerships moving 40 vehicles per month.

• We’ve been hired by all levels in organizations- from the dealer principal, to the comptroller, to the F&I Director.  Regardless at which level, the one common feedback was their satisfaction that their agenda became our agenda; no back door product sale, no deaf-tin-ear to their needs and wants.

• We charge on a flat-fee, project basis for our Turnkey consulting engagements.  This means that, unlike consultants who charge by the hour, we have no incentive to stretch out the engagement.

• We’re probably the only consultant company from which you are likely to receive home-baked cookies after project completion.

Copyright 2008 PegaFrog, Inc.

Page 16: How We Can Help

RedFlagsMadeEasy .com

Copyright 2008 PegaFrog, Inc.