Banking
CoreVision has been involved in providing various support/supplemental services to clients in the lending industry for over 20 years. CoreVision has performed these services for clients such as JP Morgan Chase, Citibank, Washington Mutual, Republic National Bank, Deutsche Bank, Fleet Bank and many more international, national, regional and community banks. CoreVision has the ability, expertise and software to evaluate and/or monitor a loan for compliance, ascertain future returns, make recommendations, and if the need arises, to assume the function of collecting that portfolio.
CoreVision has been a lead or active team member on transactions in the following areas such as:
- Asset Based Lending
- Investment Banking
- Middle Market Banking
- Commercial Banking
- National and International Securitized Finance
- Restructuring and Refinance
- Work Out
To learn more, please click on our Services tab and then the item of interest for more detailed information regarding our abilities for Collateral Reviews and Evaluations, Field Examinations (New Business and Recurring Exams), Complete Collateral Monitoring Agent Capabilities, Recovery of Accounts Receivable Collateral on Non-Performing Loans, Advisory and Consulting Services Related to the Entire Accounts Receivable Function and LoanWatch, a Web-based full featured Asset Based Portfolio Management Software.
Hedge Funds and Private Equity Firms
The investment strategies and structure of Hedge Funds, Private Equity Firms and Venture Capital Firms (investment firms) although they differ, all require the maximizing of their investment, while minimizing risk. In today’s economic environment investors need to achieve these goals while at the same time keeping their overhead at a minimum. CoreVision has been able to provide the resources and expertise to meet the needs of investors, providing the required level of due diligence, performance monitoring and backroom support services, so that our clients have been able to avoid a poor investment, improve an underperforming investment or assist our clients in maintaining an investment at its maximum return.
Whether the goal of our client is to provide working capital to a target company to nurture expansion, new product development, or restructuring of the company’s operations, management, or ownership, CoreVision has the resources to assist our client in reaching that goal.
Turnaround/Restructuring
A Turnaround/Restructuring Firm requires special skills beyond those of corporate management or the traditional business consultant. As these firms are brought in to literally turn a stagnant, underperforming, or failing company around and then to restructure that company so that it will survive, requires immediate action at all levels, all at once. Before a turnaround firm takes any major actions, it needs to assess the chances of the business’s survival, create the appropriate strategies, and develop a plan of action. As cash is the lifeblood of any business, a positive operating cash flow must be established as quickly as possible. CoreVision has assisted Turnaround/Restructuring firms in all aspects of cash flow, from conducting immediate assessments to managing the entire accounts receivable function.
General Business
At the center of every company is the finance department. That unit is tasked with providing the best possible financial controls and cash management possible to ensure the company’s success. Its fiscal health is a combination of sound policies and procedures, treasury management, billing and collections and a keen eye on the DSO of the company. CoreVision is able to assist in various financial related areas. Our experiences in various engagements have ranged from important support roles to leadership and operation of entire departments.
Law Firms
In less than a decade this industry has gone through tremendous changes. Today’s law firm needs to do more with less; Clients are demanding lower fees and full accountability for the fees being billed. Over the last seven years, a growing number of firms merged, dissolved or found a way of surviving by working smarter. CoreVision has been retained to provide our expertise as consultants, advisors and alternate service providers for both internal and external issues.
CoreVision has worked with law firms to provide the additional man power and expertise to assist law firms in maximizing the recovery of receivables related to bankruptcy and litigation, as well as, referred us to their clients to resolve cash flow issues.
CoreVision has also been retained to improve the profitability of the law firms themselves. Proper management of accounts receivable is critical to a firm’s success. We offer comprehensive solutions from invoicing policies and procedures to collections, all without the risk of litigation, through our CoreVision Legal Support Services Group.
Accounting Firms
Aside from accountants being the financial providers of services and advice in the planning and generation of financial statements and tax preparation, accounting firms have expanded into consulting and advising their clients with matters involving turnaround, bankruptcy, out-of-court workouts, litigation, lender and M&A due diligence, transactional support, and profit improvement services.
CoreVision has worked with large and small accounting firms to provide support services in all of the above mentioned matters to maximize the end results.