Structured risk management tools to keep dealerships S.A.F.E.

Internal controls

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SAFE: Secure Automotive Financial Environment

Our dealership fraud and risk management experts have helped numerous dealers uncover the full extent of employee and external fraud after the fact. Rather than having costly, unexpected and disruptive security breaches, install systems and improve existing controls to deter fraud before it starts.
Implement a series of structured risk management tools that address the key components of the dealership financial environment: SAFE (Secure Automotive Financial Environment).

Tailored to your environment, start the SAFE program with an assessment of the entire dealership. Based on the findings, we then recommend which areas need improvement in order to secure and protect your dealership’s finances.

SAFE is designed to provide your dealership with flexibility and the power to impact the most important needs first.

Five key areas in which SAFE preserves and protects your most critical data.

1. Banking & Cash
We review this critical area to improve or establish procedures to safeguard cash and to verify the accuracy of transaction classification and recording.
2. Payables & Receivables
Not only do we address payables fraud, but we also provide recommendations to improve the collection process and lower the average aging of accounts receivable.
3. Sales & Inventory
Here we focus on the control of existing inventory and the proper recording of transactions for vehicles and the Parts and Service departments.
4. Accounting Issues
This review includes the accuracy of accounting entries and adjustments, as well as recommendations on processes and required support documentation.
5. Departmental Reviews
We recognize that F&I and the Body Shop have unique issues. We provide a thorough review of each, including transactions, procedures, and record keeping.