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SALES LEDGER RECOVERY
Whether your client has failed or is still trading we are able to offer the follow:
- Site visits to the failed/failing company, to secure all books/records and uplift computer systems/electronic data.
- Investigate systems and processes used by the company to better understand the business practises. Obtain key knowledge on the product/service supplied by the customer to enable better negotiation in potential disputes.
- Advising the funder and IP (where necessary) on our recommended collection strategy to achieve maximum collection results.
- Produce an initial out-turn statement to the lender within 48 hours of instruction to determine the likelihood of recovery or advise on any provision needed in the event of an anticipated shortfall along with ongoing reporting to the lenders within the agreed SLA on a debtor-by-debtor basis and predicted outcome statement.
- Proactively manage the day-to-day recovery strategies with collectors/debtors to reach an outcome that is sustainable and plausible.
- First point of call for funder/IP enquiries on collectability of the ledger for periodic updates.
- Thinking outside the box on how to maximise collections in an “all is lost” situation.
- Investigation of disputes and resolution of the same, often with no input from failed company including, large contractual disputes, aged debt and retentions.
- Ultimately, successful collection of failed client’s receivable ledger (funder security).
Telephone Debtor Verification
Telephone Debtor Verification
Telephone Debtor Verification
Independent telephone debtor verification is important in establishing the collectability of your debt. This could be as part of your regular due-diligence or to provide security to lenders. We can provide:
- On-going, risk or take on TDV's
- Either confidential or disclosed verification
- Services at a fixed rate per debtor.
- 24 hour initial report and fast turn around
- Reverse Telephone check
- Out of hours services
MONTH END RECONCILIATIONS
Telephone Debtor Verification
Telephone Debtor Verification
A month end reconciliation is an important part of a lenders validation of their security. However, a number of clients struggle to complete a accurate MER.
CBS are able to provide this as service on yours/clients behalf providing you with the comfort that any adjustment/anomalies have been identified and reported.
SALES LEDGER REVIEWS
SALES LEDGER REVIEWS
SALES LEDGER REVIEWS
Whether you’re concerned about the performance of your client or simply looking for an expert opinion on their fundability, CBS can perform an in-depth sales ledger review to assess the potential collectability of the sales ledger and provide all the information a lender needs to make an informed lending decision. This could identify:
- Potential dilutions in the sales ledger
- Contractual obligations
- Ledger inconsistencies
- Late postings
- Details of uncollectable
- Pre-invoicing
- Bill and Hold
- Collectability report/out-turn statement
Other Services
SALES LEDGER REVIEWS
SALES LEDGER REVIEWS
We are also able to offer the following services, customised to your/clients requirements:
- Daily/weekly verification of sales invoices to provide funder security on further advances
- Overseeing of “company’s own collection” on behalf of the lender to ensure continuity and focus
- Provide temporary outsourcing of credit control
- Proposing alternative accounting platforms and implementation of the same.
- Rebuilding of a client’s sales ledger following continual miss-allocations
- Rebuilding sales ledger to enable clearer visibility to lender
- Lifting and maintaining the sales ledger function to run in house
- Face to face meetings with client’s debtors to resolve disputes etc
- Fraud investigation and forensic accountancy - Investigating client’s books and records and providing a clear trail for lender's legal advisors to determine if the case is suitable for prosecution. Building evidence that funder can present in fraud case if pursued. Liaising with Police forces on evidence obtained.