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Selecting A Compliance Partner

The increased attention and enforcement of the Do Not Call laws has made it critical to have a complete compliance program in place. Often this is best accomplished by choosing a compliance partner who focuses on this issue.

Today an increasing number of solutions are being introduced to help solve the technology aspect of the issue, but the real task is to find a company that can play the part of a complete compliance partner. It’s important to understand the related experience, regulatory expertise, technical capabilities, operational procedures, and customer service capabilities in selecting a company to assist with your compliance efforts. Here are some evaluation criteria to use:

Experience

 
  • How long has the company been helping companies with compliance issues?

     
  • Does the company have a strong list of references?


    Regulatory Expertise

     
  • Does the company have regulatory expertise in house?

     
  • Does it have an in-depth understanding of the federal AND state legal issues?

    Technical Solution

     
  • Does the company’s solution offer comprehensive compliance or is it just a “band-aid?”

     
  • Can its solution be easily integrated into your existing operations?

     
  • Can its technical infrastructure handle high volume needs and security audits?

    Operating Procedures

     
  • Can the company’s operating and list management procedures stand up to scrutiny?

    Customer Support

     
  • Does it have a responsive customer support department with appropriate hours?

     
  • Does the company have experience defending their customers’ compliance procedures?

    As a result of the substantial news media attention surrounding the National Do Not Call list, many new companies have opportunistically entered the marketplace. Although these companies may offer a technology solution, they often lack a thorough understanding of the regulatory environment, and may have a limited track record.

    With the cost of a single violation from the federal or state perspective ranging from $500 to $25,000, the cost of failing to comply can be easily calculated. Companies should base their selection of a compliance partner on a long-term trust relationship and not on short-term cost-savings.

    It is important to identify companies who have the right qualifications and who will be around when their customers really need help answering the tough questions from federal and state regulators.


    About the author
    Scott Frey is the President and CEO of PossibleNOW and is one of the company’s original founders. Mr. Frey plays a critical role in the strategic vision of the company as well as in the technical development of the company’s products. Prior to founding PossibleNOW, Mr. Frey was the Executive Vice President of Sales and Marketing for CCS Technologies, a network solutions consulting company. Mr. Frey’s career in high technology marketing and product and solution development spans 15 years, and is highlighted by successful achievement and leadership.

     

     

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