Tag Archives: Dealer Profit Services

The Marine Retailers Association of the Americas, in partnership with Dealer Profit Services, recently launched a new resource for dealers looking to create a compliance process. The “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 ...

By Myril Shaw A new form of identity theft known as synthetic fraud is on the rise. And you won't like what we have to say about it. With traditional identity theft, someone will normally notice something amiss or unusual or inflated on their credit report, credit card statement, or bank statement. With synthetic fraud, there is nothing to notice. ...

By Myril Shaw As a provider of F&I and Compliance excellence, we are always looking to make the best better. As part of that quest for continual improvement, we get excited when we find dealers who are hungry for growth. We find them most often in 20 Groups. Full disclosure here before we go any further. We do not facilitate 20 Groups.  ...

Recording AvailableHow to make compliance a “gold standard” in today’s environment WATCH THE RECORDING The recording for "How to make compliance a 'gold standard' at your dealership is now available to watch.Dealer Profit Services COO Myril Shaw runs through the laundry list of compliance measures, and details how to make sure compliance is baked into your store's ongoing operations, and not just ...

By Myril Shaw "We need to make sure our store meets compliance standards, we need a Red Flags Manual."  Well, unfortunately, having a Red Flags Manual does NOT make a store compliant. In fact, it doesn't even, by itself, demonstrate a "good-faith" effort to address compliance issues. So why does any of this matter? Nearly 60 million Americans have been impacted by identity ...

When it comes to identifying and protecting against identity theft, terrorist organizations, sympathizers, and any form of entanglement with money laundering activities, compliance is important for dealers.It's also hard to manage correctly.Join host David Gee and speaker Myril Shaw, COO of Dealer Profit Services, as they explore what to do, and what not to do, when making your compliance a ...

By Myril Shaw Well, here we are, the heart of the so-called "slow season."  Thanksgiving, and Black Friday, have now come and gone. Now that the craziness of this year has calmed a bit, it is time to evaluate and make decisions about how to be better. This is the season for change – change to make you better. Change to ...

Boating Industry announced its 2020 Top 100 dealers during an unprecedented virtual celebration on Nov. 17, 2020. “In our 16th year of recognizing the Top 100, things are certainly different, but one thing remains the same, the dealers on the Top 100 list just keep getting better,” said Top 100 program director Adam Quandt. “Most importantly every dealer on this year's ...

By Myril Shaw Simple, measurable, achievable, reasonable and time-based goals. They are absolutely a requirement for driving F&I Success. However, as important and necessary as they are, they are also not sufficient.   True F&I success is only possible with a comprehensive and robust F&I process. This process starts long before the customer is introduced to the Finance Manager (or, as ...

By Myril Shaw F&I has earned a bad reputation, thanks, largely, to the way it was handled for far too long in the automotive industry.  The recreational industry can and should refresh the way people think about F&I. For purchasers of recreational vehicles – boats, RVs, ATVs, off-road, Powersports – F&I should not, cannot, be a pressure-filled, must do, frankly, ...