We carry out an inspection and verification of assets that either require financing or re-financing for effective risk management and fraud prevention.
Our audit is designed to:
This involves a physical inspection of the assets to confirm their existence and location. This also includes an overview of the assets’ condition and evidence, provided through GPS, date and time stamping, and photographic evidence.
As part of the audit process, we verify that the asset description is in line with the underlying finance agreement and supporting paperwork. We notify the customer of any errors, omissions, modifications or damage. The overall aim of the audit is to provide confidence that the assets are under control and being used in-line with expectations and the terms and conditions of the finance agreement.
Benefits
Improved inventory controls on existence of assets providing assurance on financial exposure.
Independent
We provide an independent and impartial audit service throught the UK and Ireland.
Customer Portal
All audit results are delivered through our SMART web-based customer portal which has workflow tools to enable onward management of audit results.
Flexibility
Ability to deliver the service through our audit team or your own sales and broker network utilising our SMART application.
