In addition to the many legal operations benefits that come with using TeamConnect as an end to end platform, we have developed a special compliance solution for our clients in the automotive industry.
The Transportation Recall Enhancement Accountability and Documentation (TREAD) Act, requires automobile manufacturers to track and report on a wide variety of warranty, customer contact, and legal issues, creates a high level of difficulty for automotive companies in terms of both reporting and complete compliance requirements. The TREAD Act imposes stiff penalties on companies that fail to comply with the Act.
TeamConnect’s GRC solutions have helped car manufactures comply with these regulations:
- TeamConnect offers the flexibility needed to configure, organize and generate complex, quarterly TREAD Act reports.
- TeamConnect fulfills the matter management requirements of each of the department’s internal work groups.
- The Web-based interface made it easier to collaborate with corporate legal division in many locations.