Services

By: Collateral Specialist  09-12-2011

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Scope of Services:

Our field examination services are designed and based upon bank’s perspectives which can be customized to our clients’ specific needs. We provide the following services:

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Collateral Examinations

  • New Business Survey Field Examinations
  • Takedown Field Examinations
  • Traditional Asset-Based Collateral Field Examinations
  • Limited Scope Collateral Field Examinations
  • Recurring Collateral Field Examinations
  • Floor plan Field Examinations

Analysis & Monitoring

  • Investment Analysis
  • Quality of Earnings Reviews
  • Workout Assistance
  • Collateral / Integrity Monitoring

Control & Compliance Testing

  • Internal Auditing
  • Sarbanes-Oxley Compliance
  • Bill 198 Compliance
  • Forensic Accounting

Investigations & Support

  • Corporate Investigations
  • Background Investigations
  • Litigation Support
  • Network Security

Additional Services

  • Borrowing Certificate Training for the Borrower
  • Borrowing Certificate Tracking and Reconciliation
  • Accounts Receivable Aging Analysis and Ineligible Calculation
  • Ineligible Calculation Instructions for the Borrower
  • Written and Telephone Accounts Receivable Confirmation Services
  • Tracking and Scheduling of Recurring Examinations
  • Equipment verification
  • Observation of Physical Inventory
  • Other collateral valuation
  • Financial reporting capabilities
  • EPA issues
  • Balance sheet analyses
  • Data Sort / Extraction Services
  • Review, test and evaluate all financial, receivable, inventory, costing, management systems and controls
  • Identify, investigate and reconcile physical inventory shrinkage
  • Review and test the adequacy of systems to support insurance claims
  • Cost reduction and performance review
  • Accounting  & Tax Services

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Asset-Based Collateral Examinations can be tailored to your specific needs.

The standard services under this function are as follows:

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Accounts Receivable

  • Trend Analysis
  • System controls & documentation process
  • Questionnaires
  • Roll forward / Statistics
  • Turnover & Dilution
  • Reconciliations
  • Aging Spreads
  • Concentrations
  • Ship Test
  • Credit Policies
  • Past Due / Delinquency Analysis
  • Confirmation Analysis
  • Credit File Review
  • Ineligibles
  • Credit Memo Review
  • Cash Application Testing
  • Review of open unshipped orders
  • Chargeback analysis
  • Credit insurance analysis

Inventory

  • Components
  • Procedures & Questionnaire
  • Test Counts
  • Cost Test
  • Inventory Turnover
  • Reconciliations
  • Gross Profit Test
  • Slow Moving Analysis
  • Ineligibles
  • Gross Profit Roll forward

Accounts Payable

  • Trend Analysis
  • Turnover
  • Purchase Analysis
  • Reconciliations
  • Roll forward / Statistics
  • Concentrations
  • Spreads
  • Accrual Analysis
  • Past Due Analysis
  • Invoice Test

Cash/Taxes/Other

  • Proof of Cash
  • Cash Receipts Analysis
  • Cash Disbursements Analysis
  • Cash Account Analysis
  • Bank Reconciliation
  • Outstanding / Held cheques analysis
  • Notes Payable
  • Insurance Review
  • Payroll and Real Estate Taxes