LENDERS

Proven Solutions, Inc. is a strong partner with Lenders. Our investigative techniques allow us to determine the integrity of information created by the retailer’s Inventory and Accounting Systems. We provide a comprehensive report assessing risks. This system audit report is an invaluable tool for the accounting firm conducting the field examination. We have prepared over 125 System Field Examinations and worked closely with over 30 accounting firms.

On numerous occasions, Lenders have recommended Proven Solutions, Inc. as a resource to a retailer prior to proceeding with a prospective transaction.

What we do for Lenders

Document the retailer’s systems and assess functionality
Evaluate the integrity of the inventory and accounting information
Evaluate procedures
Evaluate the flow of information and necessary checks and balances of data
Comment on the accuracy of the borrowing base
Prepare a report assessing risks
Outline issues/concerns for account firm verification during field examination
Perform a comprehensive System Field Examination

WHEN TO PARTNER

Pre-Funding System Field Examination in conjunction with accounting examination
When Retailer is not capable of providing information in a usable format
When you are unsure of the IT environment
When a system conversion is in process
When an acquisition is in process
When considering a replacement for existing system or IT personnel
Post-Funding Annual System Examination