Tag Archive | "Safe-Guard Products"

Safe-Guard Products Successfully Completes SOC 1 Type II / SSAE 16 Examination

ATLANTA – Safe-Guard Products International announced that it has successfully completed a SOC 1 Type II attestation performed under SSAE 16 (Statement on Standards for Attestation Engagements 16) guidelines.

The SOC 1 Type II attestation was provided by the independent audit firm, UHY LLP, Certified Public Accountants. The firm evaluated the design of Safe-Guard’s operations and control environment, and found that these controls had been operating effectively for the period ended March 31, 2012.

Their unqualified opinion represents that they are satisfied that the company has accurately described its controls for systems in place through the period of the audit, and those controls are adequate to achieve appropriate control objectives. The controls were tested and, during the period of the audit, were operating effectively.

“This examination emphasizes Safe-Guard’s continued commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services we provide to our customers,” said Safe-Guard’s CEO Randy Barkowitz. “This is especially important as we continue to grow alongside our major strategic partners.” 

Posted in P&A NewsComments (0)

Safe-Guard Joins DealerTrack Aftermarket Network

ATLANTA – Safe-Guard Products International, LLC announced that it has joined the DealerTrack Aftermarket Network. Through DealerTrack’s network, SafeGuard’s U.S.-based dealership clients will now have the ability to access real-time F&I product price-quotes and generate electronic contracts for Safe-Guard offerings.

Safe-Guard is leveraging the network to support a range of products in its portfolio, including GAP, theft protection programs, tire & wheel protection and bundled packages for multiple Safe-Guard offerings.

The DealerTrack Aftermarket Network, available at no cost to dealers, streamlines and integrates the entire F&I sales and submission process, making the rating and contracting process fast, easy and significantly more accurate. Now, with the DealerTrack Aftermarket Network, dealers will be able to directly rate and contract Safe-Guard’s vehicle protection programs.

Also, DealerTrack’s eMenu will enable them to present accurate and up-to-date Safe-Guard pricing to their consumers.

“Safe-Guard has strived to be on the cutting edge of technology solutions for our dealers and partners. Being a part of the DealerTrack Aftermarket Network furthers our mission to develop more efficiencies for the ancillary product selling and contracting process,” said Kitty Hass, vice president of marketing, Safe-Guard Products.

“Today’s announcement extends the availability of Safe-Guard’s products to more dealers and more vehicle brands nationwide,” said Robert Granados, vice president and general manager for DealerTrack’s Sales and F&I Solutions group.

“The DealerTrack Aftermarket Network enables Safe-Guard and its dealer customers to help reduce administrative costs, and minimize delays and contract errors, while helping to improve and enhance consumer satisfaction with the overall car buying experience.”

Posted in P&A NewsComments (0)

Dodd-Frank White Paper

Click here for a white paper that explores how the Dodd-Frank Wall Street Reform and Consumer Protection Act could impact our industry.

Get the White Paper Here Download the White Paper Here

Posted in White PapersComments (0)

Virginia Surety Expands Administrative and Marketing Agreement with Safe-Guard

CHICAGO – Virginia Surety Co., a subsidiary of The Warranty Group, Inc., has reached an agreement with Safe-Guard Products International to provide underwriting and actuarial support for its finance and insurance product offerings.

“This new endeavor is a testament to the outstanding relationship we’ve developed over the past several years,” said Mike Frosch, senior vice president of Virginia Surety. “We look forward to helping grow Safe-Guard’s manufacturer, consolidator and agent business.”

Douglas Duncan, chairman and CEO of Safe-Guard, added: “We recognize that in order to continue the viability of aftermarket products, administrators must perform the proper internal due diligence to ensure mutually successful programs, for both themselves and their underwriters.”

The program is now underway on a national basis.

Posted in P&A NewsComments (0)