Physical Stock Audit

Over 140 VAS auditors throughout the UK, Ireland and Europe utilise our bespoke SMART application to provide unparalleled floor plan audits for Captive and Independent funders

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Physical Stock Audit

We provide a range of extensive floor plan audit solutions, ensuring that funders are provided the highest standard of asset audit. This includes:

Floor Plan Audits

We understand that as the asset is the security for the loan, the existence and title to the asset is of paramount importance to you. Through comprehensive and bespoke physical audit solutions we will work with you to ensure the audit process is sufficiently robust for each dealer risk profile and combined with our advanced reporting tools we will effectively manage the risk. This process not only ensures high quality floor plan audits, but that you have full support throughout the process.

Current Account Audits

Where the facility provided to a dealer is operated as a Current
Account or Bulk facility, we will reconcile the assets and related documentation to determine whether there is a funding surplus or shortfall. With over 140 professionals providing our au-tomotive floor plan services across the UK, Ireland & Europe,

discover how we can help your business.

Audit Provision

The service is designed to verify that a compliant sales process is being followed, including:

  • Qualifying and understanding customer needs.
  • Explanation and selection of an appropriate finance product.
  • Full credit and affordability assessment.
  •  Full and accurate explanation and completion of required documentation. This includes:
    a. Ensuring correct licenses and accreditations are held;
    b. FCA authorisation and ICO registration.

The service also:

  • Ascertains existence of compliant policies and procedures for TCF, AML, KYC, Data Protection, GDPR, Information Security, Privacy, Complaints, Vulnerable Customers, Conflicts of Interest and Remuneration.
  • Confirms correct and compliant financial promotions that satisfy FCA CONC 3 and ASA CAP Code requirements.
  • Validates training programmes and sales team competency, ensuring they are trained to recognised standards (SAF, IMI or equivalent).
  • Verifying that remuneration, commission and incentive schemes and policies do not conflict with customer fair treatment and that disclosure requirements are satisfied.

 

Why Choose Us

Best Practices

With over 25 years’ experience, we understand the bespoke needs of every area of the asset funding market.

Bespoke Solutions

We provide a bespoke solution to meet the funder’s exact auditing requirements.

Risk Mitigation

We help safeguard assets under funding through an independent and impartial service.

Knowlege

Our team’s experience and knowledge mean that we bring added value to the audit solution.