Receivable Portfolio Liquidations
over twenty-five years of experience in the Liquidation of Accounts
Receivable for various Lenders of all types and sizes, we have a remarkably
successful track record at lowering their overall A/R management costs,
significantly accelerating their cash flow, and reducing their bad
debt losses – in fact, we’re ranked among the industry
leaders specializing in this field.
For each portfolio liquidation we undertake, we assign a dedicated
team of professionals who, in addition to pursuing payment via phone
and mail, secure inventory documentation, resolve customer disputes,
visit major customers as needed, manage dilution to minimize offsetting
credits, handle attorney referral/litigation, apply cash on a daily
basis and report regularly on the collection activity and strategy
via written reports, conference calls and/or meetings.
Liquidation Services for Secured Lenders
Consulting & Auditing
Our forte involves liquidating the A/R of companies that have gone
out of business and/or defaulted on loans to Secured Lenders. We quickly
and efficiently convert the outstanding A/R of foreclosed or insolvent
business into cash for our clients.
have a high recovery rate, averaging greater than 50% --
making our services very cost effective, netting our Lender clients
even more cash-in-hand than if the accounts receivable were simply
Features & Benefits of our Lender
Portfolio Liquidation Services …
fast. We start within 48 hours of a referral.
expedite account closure – Doing this work since 1979, we’ve
heard all the imaginable and even some unimaginable avoidance
techniques that businesses will use to evade payment, and have
become quite adept at handling all of them – in fact, in
many cases we anticipate them.
We’re cost effective. Our recovery rate averages more than
We employ more than 850 customized programs to get our work done
– making us one of, if not the most comprehensive and efficient
portfolio liquidation-collection system in the industry.
We generate a variety of performance reports for our Lenders,
including Detailed Claims Reports customized to meet Lender-specific
We’re equally as experienced in working with service industries
as we are with product producers and distributors.
We work directly with Bankruptcy Trustees and Certified Turnaround
We’re fully bonded and certified.
We’re members of the Turnaround Management Association,
the American Bankruptcy Institute, and the Association of Insolvency
& Restructuring Advisors.
Accounts Receivable Consulting/Auditing
Ounce of Prevention …
anticipate and preclude the kinds of serious financial problems
that frequently arise from a failure to adequately tie A/R collections
to cash flow needs, it makes good sense for a business to have a
strategy in place for managing various A/R issues before problems
Prior to, and
to prevent the eruption of any financial crises, UMAC is available
to serve as an additional set of “eyes and ears” (A/R
auditor-consultants) for a business’ back-office A/R procedures.
Assuring Proper Financial Controls …
As A/R auditor-consultants, we operate directly
on our client’s site, gathering detailed information regarding
its accounts receivable and its collection system. We run audit-like
tests to gauge the viability, reliability and accuracy of the A/R
and peripheral processes. From our data gathering, testing and analysis,
we provide a report on the strengths and weaknesses in a client’s
A/R, handling methods with item-specific, concrete recommendations
for a proper A/R strategy in the context of the client’s overall
Financial Management System.
Clients who utilize
our A/R Consulting/Auditing services have consistently praised our
work as highly beneficial to the establishment and maintenance of
good financial controls, and as having an immediate, obvious and
significant pay-off in their control over A/R and in resultant cash
to Call On Our Consulting/Auditing Services …
The time for
calling on us to work either directly with in-house A/R staff or
independently of them, is, of course, when change is needed.
not always clear, until it’s too late, that something should
be done to facilitate a change in how A/R is being handled. Therefore,
an advantageous time for us to evaluate, identify, recommend and
implement enhancements to an A/R environment is when any of the
following circumstances is present:
business is experiencing cash flow deficiencies
business is unsure of the collectibility of much of its A/R asset
business faces the prospect of a significant surge in sales
acquisition, strategic partnership or sale is being considered
In such situations,
it’s wise to ask us to take a look at what’s going on
and suggest improvements that may be in order.
weight of our experience in this arena …
Prior to their
current line of work, our A/R auditor-consultants held senior level
financial management positions with major organizations, and, taken
in the aggregate, they represent some 200-plus years of solid experience
in the management of A/R.
Management Associates & Consultants Corp.
offers a variety of A/R services on a Co-sourcing basis.
In Co-sourcing, we contact our client’s A/R accounts directly,
employing a focused approach that affects immediate cash flow. In
doing so, we accelerate payments and maximize the profitability
of the accounts receivable while simultaneously reducing the overall
costs generally associated with debt collections.
Our Experience …
Among the pioneers in this area, we have been doing A/R Co-sourcing
for more than twenty years.
of our A/R Co-sourcing …
We tailor each engagement to the specific needs of our client.
We demand immediate payment from client accounts via phone and
visit major accounts, as needed.
apply cash and update records.
identify and resolve customer disputes and deductions.
handle attorney referrals and litigation.
report monthly summarizing activity.
We hold regular meetings and conference calls.
Benefits of our A/R Co-sourcing …
convert non-performing working capital into cash, quickly.
Our efforts are aimed at achieving maximum cash flow for our client.
are prepared to accept projects based on type of accounts receivable
– such as, skipped invoices, deductions, chargebacks, 60-90
day past due invoices, etc.
strong customer service orientation invariably strengthens client-customer
us, clients can avoid some fixed overhead expenditures such as
permanent personnel additions.
run parallel with our client so that nothing is lost once the
collection process is taken off the client’s site.
Our collection staff also has extensive liquidation experience.