Due Diligence – Field Exams
We help asset-based lenders conduct periodic accounts receivable (AR) and Inventory field exams by providing custom solutions and thorough testing, delivered through a comprehensive Field Exams Report and the corresponding Exam Workbook.
AR Aging Trend
Our Approach

Led by experienced former Big Four auditors, we offer tailored testing procedures to suit your needs instead of a one-size-fits-all approach. Our procedures involve reconciling AR and inventory balances with financial statements, trial balances, general ledger, aging/inventory reports and the borrowing base to ensure consistency. We also analyze AR/Inventory trends, turnover rates, and compare against past exams to surface meaningful variances and risk areas.

Our Field Exams service offers a practical and cost-effective way to identifying issues upfront, enabling more efficient annual reviews and better targeted follow-ups.

Who It’s For
  • Chief Credit Officer (CCO)
  • Chief Financial Officer (CFO)
  • Chief Restructuring Officer (CRO)
  • Lenders
  • Professional Service Provider - Referral
  • Professional Service Provider - White Labelling

  • biotechnology

biotechnology

A Field Exam is an on-site review of a borrower’s accounts receivable (AR) to assess the quality, accuracy, and eligibility of the collateral. It helps lenders determine how much of the AR can be financed by identifying ineligible or diluted receivables.

Field exams provide lenders with timely, detailed insights to complement financial statements—supporting sound lending decisions and ongoing risk management. They’re typically conducted by in-house examiners or third-party firms with accounting or lending expertise.

We specialize in reviewing a company’s accounts receivable (AR) and inventory balances used as collateral to ensure completeness, accuracy and compliance with borrowing base certificates. Our report highlights key risks, including customer concentration, dilution, and turnover rate, helping you with the insights to make informed decisions.

Related Blog

  • Tariff turbulence seminar
    How to Proceed with Caution? The Value of the QoE during Tariffs Turbulence
    • April 21, 2025

    Sapling Financial Consultants was delighted to facilitate an interactive webinar on April 1 to discuss the latest challenges posed by tariffs and how a Quality of Earnings (QoE) report can help during these turbulent times. Our Senior Engagement Manager, Kevin Zhao, shared valuable insights...

  • Webinar Banner
    Webinar: How to Proceed with Caution: The Value of the QoE during Tariffs Turbulence
    • March 18, 2025
    • April 1, 2025

    Event Description: Join us for an engaging webinar hosted by one of Sapling Financial Consultants’ Senior Engagement Managers, Kevin Zhao, CPA, CFA, where we will discuss the details of a Quality of Earnings (QoE) report and the important role it plays in today’s deal...

  • webinar banner
    Webinar Summaries: The Importance of Due Diligence for Sell-side and Buy-side
    • October 25, 2024

    In early October, Sapling presented a two-part webinar series on Financial Due Diligence in Uncertain Market Conditions. Here are the summaries: Trend in the M&A Environment With the market rebounding, global M&A deal values for the first half of 2024 have increased compared to...

Ready to Work with Sapling?

We build best-in-class, custom financial models so you can make better decisions for your business