Manufacturers, distributors, and retailers operating in the firearms industry are subject to regulations that are governed by many agencies. These entities, at all times, need to be aligned with the changing regulations laid by the federal and state-level authorities and maintain compliance. Hartford, CT-based FFLBizHub.com, powered by Orchid Advisors facilitates this by aggregating pertinent regulatory information at one location and continuously updating it. The company also provides related business tools that help firearm business entities operationalize compliance. Alexis Tunell, Executive Director of FFLBizHub.com adds, “FFLBizHub. com marks a new era in the firearms industry shifting the delivery of information and tools from high-touch to an always on, always available Software as a Service (SaaS) platform.” Many of FFLBizHub.com’s applications were developed in conjunction with the industry’s four leading associations along with participating software and service providers. It thus helps its members navigate through Federal ATF and State firearms compliance.
In an industry which is composed of 65,000 licensed operations that vary widely in size and financial means, FFLBizHub.com serves as a support system that seeks to operationalize the regulations rather than simply restating them. It is especially helpful for smaller entities that don’t have their own Compliance Officer, or those that couldn’t afford to buy business in regulatory software from a multitude of sources. The company offers a reliable platform that facilitates entry, licensing, and growth in the firearms industry.
FFLBizHub.com serves as industry’s first software application designed specifically for reconciling serialized physical firearm inventory to its financial and regulatory records
Tunell is of the opinion that there is an indirect relationship between market intelligence and compliance. Thus, it is critical for a business to keep track of fluctuating stocking levels and stale inventory, which if increases, can cause the risk of theft or the accuracy of book-to-physical records audits. FFLBizHub.com aids the process with its firearm market intelligence, which provides timely visibility into consumer buying patterns and dynamic pricing, and consequently, a better view of the stocking levels. “The more clear and crisp the decision making, the lower the regulatory risk, assuming all other factors are equal,” clarifies Tunell.
FFLBizHub.com serves as the industry’s first cloud-based software application designed specifically for reconciling serialized physical firearm inventory to both its financial and regulatory records. In an industry that has been employing tools to stay abreast of regulations and live up to the compliance standards, FFLBizHub.com has made a mark in a short span of time as a new brand in the industry. The platform presently caters to the industry’s largest Federal Firearms License holders. These entities, through this technology, get to reduce labor wasted on lower quality inventories and decrease inventory control risks as a result of the greater visibility to monitor performance.
What separates FFLBizHub.com from its competitors is the fact that it offers large company applications and consultations to smaller companies, cost-effectively. In fact, for less than $1.50 per day, an individual looking to obtain a new Federal Firearms License and begin operations can access a licensing guide and obtain a one-on-one consultation. This has been possible for FFLBizHub. com owing to the support provided by the four leading firearm industry associations.