Roslyn, NY (PRWEB) July 25, 2013
Golf, country, and city clubs have a powerful new business tool available to improve their bottom lines by as much as $180k (or more) in their next budget according to ClubComply, LLC http://www.clubcomply.com.
Their system allows clubs to operate more efficiently by providing a turnkey corporate-compliance program designed to deliver immediate financial benefits without negatively affecting the quality of club products or services.
“Most clubs are simply not aware of the tremendous savings that can be immediately generated by an integrated compliance program,” states David Shaw of ClubComply. “And because these programs have not historically been embraced among clubs, there is an incredible amount of low-hanging fruit to recover.”
That’s good news for the majority of country clubs, city clubs, and other membership organizations looking to leverage every budget dollar.
A corporate compliance system is an essential management tool employed by thousands of corporations -- as well as by the most-respected hospitality firms in the world. These programs allow businesses to automatically increase efficiency, reduce losses, control risks, and help prevent serious financial losses.
In addition to economic benefits, CPA auditing firms are actively advising clubs to adopt a compliance program because they are designed to strengthen internal-controls, limit liability losses, and help fulfill the fiduciary role of the board.
Further, such programs satisfy Form 990 specifications and are in conformance with financial good-practices for the club industry. The Club Managers Association of America (CMAA), the nation’s professional association for managers, includes guidance on the subject within their model governance documents.
ClubComply’s service identifies a club’s best business-practices, formally binds them into an official operating policy, and then provides vigorous detection and enforcement tools (whistleblower policy). Many clubs are unaware that providing whistleblower protection is a federal requirement for non-profits under Sarbanes-Oxley.
Upon implementation of the program, the entire club team (including vendors) is obligated to support the club’s Business Code of Conduct by reporting suspected infractions wherever and whenever they may occur.
A dedicated hotline and web-based reporting mechanism are integrated into the system, including a centralized and securely managed database to track all reports and outcomes -- even ones that are filed internally. In this way, the club is provided with a universal risk/compliance monitoring tool.
According to 2012 industry statistics, businesses lose an average of 5% of their revenues annually to waste, theft, fraud, and misappropriation. Smaller businesses, such as clubs, tend to suffer losses at higher rates due to the difficulty in providing strict internal control policies that are regularly utilized in larger operations.
ClubComply helps close this gap by providing clubs with custom documentation, training, and reporting/monitoring software required for a fully functioning Ethics and Compliance Program.
Other benefits of the program include the ability to predict, prevent, and defend against expensive liability claims for which clubs are often considered a soft and valuable target. Filing of these claims can severely damage a club’s reputation – and may simply be unfounded.
The failure of an employee to file a harassment or discrimination claim through ClubComply, as an example, would most likely limit the claimant's ability to successfully litigate against the club at a later date. It is only logical that courts view companies with formal documentation and reporting tools as being fair and competent, which reduces the risk exposure of the club.
“ClubComply is a highly affordable program which requires no investment in expensive computer hardware or software,” states David Shaw, “and which provides an extremely high potential ROI from its first day of use. The system is pre-engineered to allow a club to easily customize and fast-track their program into place.”
“This is one of the few decisions that everyone at the club can agree,” said David. “After all, club decision-makers will easily support greater efficiency, ethical business practices, and the potential for such large financial returns.”
About ClubComply, LLC:
ClubComply provides turn-key ethics and compliance platforms specifically designed for clubs. The program is designed to provide liability, budget, and risk control benefits through its secure and centralized electronic monitoring systems. ClubComply satisfies CPA audit recommendations and Form 990 guidelines in conformance with Sarbanes - Oxley.
14 Plaza Rd
Greenvale, NY 11548
info(at)clubcomply(dot)com - http://www.clubcomply.com