From the due diligence phase to the collateral review phase and, if necessary, to the receivables liquidation phase, On-Site Associates, LLC provides quality receivables collection and portfolio evaluation services to the Lending Community.
On-Site Associates, LLC offers the following services:
Accounts Receivable Portfolio Evaluation
Lenders often look to the borrower’s accounts receivable portfolio when extending borrowing capacity and as a primary source of loan repayment. In order to make the most informed business decision, lenders need an understanding of how well the borrower administers their billing, credit and collection functions since their performance in these areas will have a direct impact on the short-term liquidity of the accounts receivable portfolio and its ultimate realizable value.
To provide you with this knowledge, On-Site Associates, LLC will visit your borrower in order to:
- Analyze current and historical receivables portfolio performance statistics and trends.
- Perform a detailed credit risk analysis of major receivable balances.
- Identify product and industry specific factors that may affect the net realizable value of the A/R portfolio, based on a variety of operating and non-operating scenarios.
- Assess the adequacy of credit screening, credit risk controls, staffing levels, systems capabilities and all operational areas that can impact the value of the receivables portfolio.
- Assign a liquidation value to the receivables portfolio under various operating and non-operating scenarios.
- Identify the critical factors to be considered by the lender should the borrower later decide to cease normal operations, either in and out of bankruptcy
Our portfolio evaluation services are particularly useful when existing loans are scheduled for renewal, classified as non-performing or under-performing, or should the borrower file for bankruptcy protection or undergo an out of court insolvency-type proceeding.
Receivables Liquidation Services
These services are our firm’s preeminent area of expertise and have proven invaluable to commercial and asset-based lenders seeking a cost-effective alternative to the forced liquidation of accounts receivable. On-Site Associates has collected hundreds of millions of dollars in receivables for our lending community clients by using these proven approaches and our recovery rate has consistently exceeded our clients’ expectations. Our receivables liquidation services are especially cost-effective and are typically administered in the following manner:
- We strive to develop a “team” comprised of our collection professionals and former key Company employees that are incentivized to remain on board. Our experienced professionals will quickly and methodically assess the situation they are presented with and then design and administer a liquidation process that produces the highest possible net recovery rate.
- We ensure that the most critical receivables documentation and systems data needed to ensure a successful outcome is identified and secured. We also take steps to ensure control of the cash receipts process.
- If the existing office premises must be vacated, we help coordinate the proper systems transfer and “download” of receivables information so that we can conduct the liquidation process from our offices.
- We issue detailed status reports on a regular basis to keep you informed of our results. Our professional staff is always available to answer any questions which arise during the course of the project.
Please feel free to inquire about a representative list of our many satisfied clients, by using our inquiry form.