Why is a thorough ledger review important?
Given the complications that often surround sales ledgers, it is vital for asset based lenders and Insolvency Practitioners to gain an accurate picture of their client’s ledger at the earliest opportunity to ensure returns for creditors can be maximised.
Unlike hard assets, for example, sales ledgers often contain hidden dilutions which can significantly and rapidly reduce the collectable value of a ledger and the resulting capacity to recover costs.
Our expert telephone debt verification (TDV) service provides a rapid ledger valuation with promised payment dates, whilst identifying any potential disputes which may reduce collections in an insolvency. We can also provide a full onsite ledger and contract review, to examine the client’s entire order-to-invoice process and establish the strength of the paper trail and proof of debts needed to collect in an insolvency situation.