Stay Legal

Some of the Ways Frazer Software Helps You Stay Legal

We’ve made it as easy as a click of a button to stay legal and compliant. Our software has all of the forms and documentation a used car dealer needs to run a successful dealership. And frequent Frazer updates will help you stay compliant with federal & state-specific regulations.

Here are a few benefits you will receive:

• The Compliance Issues section makes compliance as easy as a click of a button. The system automatically checks every name you enter as a prospect against OFAC’s SDN list (the terrorist list). The software will also continue to check your existing customers in case one is added to the list after the original sale.
• Gramm-Leach-Bliley Privacy reporting requirements. Tracks and prints IRS/FinCEN Form 8300. Frazer will let you know when you need to file form 8300.
  • Click the print button and automatically get filing instructions, the required notification letter for your customer and Form 8300 itself!
• State, county, and city tax functions. Tracking allows you to keep a log of transactions such as processing title work for the state.
• Extensive audit trail capabilities. An audit trail is available and is very helpful for monitoring changes and updates in a customer’s account.