Field Exams - Sapling Financial

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.

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

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What is a Field Exam, and why is it necessary?

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.

Why Choose Our Field Exam Services

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.

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