DALLAS, TX - Ristken Software Services (Ristken), an enterprise-level provider of software solutions for the automotive industry designed to manage employee performance and maximize profits, today announced it is providing free OFAC checks to the retail automotive industry.
The Department of Treasury's Office of Foreign Assets Control (OFAC) regulates a set of laws and sanctions against targeted foreign territories, terrorist networks and drug trafficking organizations and individuals. To assist this effort, OFAC publishes a Specially Designated Nationals (SDN) list of individuals and organizations of this nature. All U.S.-based companies are required by law to comply with these regulations, by checking their existing and prospective customers against the SDN list.
While some companies charge as much as $1,200 per year for this service, Ristken is offering it at no cost, providing automotive dealers with an easy way to comply with what has become an industry standard, and an obvious national security concern.
"In today's world, we must take proactive steps to help make this country a safer place, and OFAC checks are one measure the government has put in place to ensure that happens," said Patrick DeMarco, vice president of business development, Ristken. "We want to make it easier for the automotive industry or any industry for that matter to comply with these standards, and by providing OFAC service checks free of charge, we're making that
About Ristken Software Services:
Since 1998, Ristken Software Services has delivered a suite of products and technologies to the automotive industry, which focus on increasing the productivity of both dealership Finance Management, and the insurance/warranty companies that service those dealerships to help manage employee performance and drive revenue, while simultaneously improving customer service levels. The company's software is used to track and report a wide variety of parameters, simplifying operations, improving profits and increasing employee productivity. Ristken Software Services also allow managers to generate a variety of documents from department profitability reports to sales and leasing contracts. The Web-based applications provide for 24/7 availability from anywhere in the World. Premiere customers for Ristken Software Services include Jim Moran and Associates, Universal Underwriters, CNA National Warranty and JD Power and Associates. Ristken's industry expertise and enterprise level technology is in use at thousands of customers across the U.S. and Canada.
Used-vehicle values fell by an average of 1.9% in October, the largest decline since January but on course with seasonal patterns, according to the latest report from Black Book.