Why Use ACE-Audit Control and Expertise Global ?
- Third-party experience and objectivity. Our staff and affiliates have extensive
background in asset based financing, collateral control, vendor managed inventory.
- You are providing asset-based lending or working capital financing, but lack staff
or wish to outsource field administration, audit, and risk management to neutral,
insured third-party.
- You wish to establish an abundance of independent due diligence as a requirement
of on-going asset-based lending, or specialized secure creditor stocking or
controlled consignment programs.
- You need to augment existing audit or portfolio staff: especially in difficult,
multi-regional, deteriorating, or litigation-prone credit situations.
In some cases,
full-time monitoring is required.
- You are reluctant to rely on your borrower or customer-submitted financial data
alone. Voluntary-submitted borrowing base reports or stock status positions may
not be enough.
- You want a greater degree of insurability for errors, fraud, omissions, negligence
over uninsured internal staff.
- You anticipate specialized collateral as the basis of a loan or stocking agreement
such as: agro-commodities, perishables, liquid, basic materials or rapidly-turning,
difficult-to-quantify assets.
- You require third-parties to sort out multiple-party and complex lending or inter-
creditor facilities that have multiple creditor/lender constituencies involved.
- You require continuous controls; not merely auditing.
- If you are a trade creditor, you reluctantly must assume the role of a lender because
your customer is lacking or losing its inventory financing, creating a delicate
balance between prudent credit and sales continuity. You are not set up to monitor collateral like a lender and need that service.
- Your customers have lost floor plan or inventory financing and you must assume a
floor-planner’s role, but lack the infra-structure or human resources to do this.
- You need broad geographic coverage, including local, regional and international
capability.
- You need to evaluate viability of the account and the liquidation-values of your
collateral or product.
- You require management of troubled assets in workouts, bankruptcies, assignments
for the benefit of creditors and liquidations.
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