Lenders
From initial due diligence through collateral review and, where necessary, receivables liquidation, On-Site Associates provides experienced, results-oriented receivables services to commercial and asset-based lenders.
Our work is grounded in more than 35 years of hands-on experience evaluating and resolving receivables portfolios across a wide range of industries, borrower profiles, and operating scenarios—including complex insolvency and bankruptcy proceedings.
Accounts Receivable Portfolio Evaluation
Lenders frequently rely on a borrower's accounts receivable portfolio when extending credit capacity or assessing a primary source of loan repayment. The realizable value of that portfolio depends heavily on how effectively the borrower manages its billing, credit, and collections functions.
On-Site Associates conducts on-site evaluations of the borrower's receivables operations to provide lenders with a clear, informed picture of portfolio quality and risk. Our assessment typically includes:
Portfolio Performance Analysis
Review of current and historical receivables statistics, trends, and portfolio composition.
Credit Risk Analysis
Detailed review of major receivable balances and the credit risk factors affecting their collectability.
Operational Assessment
Evaluation of credit screening practices, staffing, systems capabilities, and all operational areas that bear on portfolio value.
Liquidation Valuation
Assignment of liquidation value under various operating and non-operating scenarios, including potential bankruptcy or out-of-court proceedings.
These evaluations are particularly valuable when an existing loan is scheduled for renewal, classified as non-performing or under-performing, or when the borrower has filed for bankruptcy protection or entered an out-of-court insolvency proceeding.
Receivables Liquidation Services
Receivables liquidation is our firm's preeminent area of expertise. On-Site Associates has collected hundreds of millions of dollars in receivables on behalf of lending community clients, consistently exceeding recovery expectations through a disciplined, process-driven approach.
Our liquidation engagements are structured to maximize net recovery while minimizing disruption. Key elements of our approach include:
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Team Formation and Retention
Where possible, we develop a collaborative team comprised of On-Site professionals and incentivized former key company employees whose institutional knowledge is critical to maximizing recovery.
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Documentation and Cash Control
We identify and secure critical receivables documentation and systems data, and take immediate steps to ensure proper control of the cash receipts process.
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Systems Transfer and Remote Capability
If existing office premises must be vacated, we coordinate an orderly systems transfer so the liquidation process can continue seamlessly from our offices.
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Reporting and Transparency
We issue detailed status reports on a regular basis and remain available to address questions throughout the engagement.