ABOUT
PROJECT BAD DEBT

FOR ENTERPRISE CLIENTS

Why Audit Partners include this in Management Recommendation Letters and CFO's take notice

OVERVIEW

OVERVIEW

WHAT STARTED IT

At my time at Deloitte & Touche with enterprise clients, the idea of bad debt seemed like bad karma. Of a promise made but not kept, of a word given but not honored.

After Accounts Receivable actions, or even collectors if one stoops that low, how does Finance tolerate tens of millions of dollars building up over three, four or five years in the bottom draw? How could this possibly be justified to the Board and what actions could be taken to to try remedy the inertia to righting the bad debt wrong.

And so Project Bad Debt was created that we run for you.


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BENEFITS

  • VALUE CREATED

$ Recovered
+ % Lowered Provision Reserve
x PE Multiple

  • CARING FOR CUSTOMERS

Options to remedy
Financial fitness
Social Responsibility

  • EASE OF EXECUTION

No cost, a shared upside model
No heavy lifting, our team executes for you
No impact on your existing business process

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HOW IT WORKS

1. Identify the past 5 years charged off bad debt that is no longer being worked on (minimum $30 million required);

2. Edit or Approve our automated outreach and escalation messaging, settlement discounts and suggested payment plans;

3. We take it from there using our inhouse proprietary First Party overdue bad debt platform to communicate via texts and emails to negotiate options and find solutions to getting you paid and the client's financial fitness back on track.

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PRICING

THERE IS NO PROJECT COST.
AND YOU KEEP THE MAJORITY OF THE RECOVERY.

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NO COST


We fund the project & communication costs and you get to keep the majority of the recovery plus the value that is created.

Its a shared upside costing model.

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NO IMPACT ON BACK OFFICE

Nothing to implement or effect your existing back office or process. Project Bad Debt is a defined stand alone 5 week project that we run with your oversight for intelligent First Party receivables using our proprietary automated platform.

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SOCIAL RESPONSIBILITY

Various options from settlement discounts, a counter offer methodology to incrementing stepped payment plans creates the space and options needed for them to solve the situation and get back to financial fitness.

SEE AN AUDIT MANAGEMENT RECOMMENDATION LETTER INSERT?

WHERE A VALUE ADDED RECOMMENDATION MEETS EXECUTION

OPEN

AUDIT PARTNER

Articulate a true value add in  your audit management recommendation letters on both the opportunity and the execution.

CONTACT US

FINANCE DIRECTOR

Have your team close the circle on their fiduciary duty of best efforts while doing good and have someone else do the work at no cost.

CONTACT US

AUDIT COMMITTEE MEMBER

The valuation multiple impact on future lowered provisioning levels is innovative and seeing past policies through new eyes.

CONTACT US

Contact Us

ADDRESS

646 Plank Road, Ste 202
Albany NY 12065

4660 La Jolla Village Drive, Ste 100
San Diego, CA 92122

PROJECT BAD DEBT

Project Bad Debt is a product of
KPFB dba Featherbrooke, Inc
and their wholly owned subsidiary
Captira Analytical, LLC

© 2021