Audit Services for Lenders
Transparency and Compliance of Operational Processes
In addition to the requirement of having a capable backup servicer on hand in the event of a borrower default—one who can take over the management, operation, and liquidation of asset portfolios at short notice in crisis situations—lenders are increasingly placing value on an even broader overview of a transaction’s risk profile right from the start. As part of the due diligence process, operational aspects are increasingly becoming a focus alongside the financial modeling of the risk profile and the waterfall, the analysis of historical data, and benchmarking with relevant peer group information. This particularly includes the on-site inspection of the borrower’s processes (AUP) by independent external experts who are closely familiar with the borrower’s business model.
Curadino is regularly commissioned by lenders to perform corresponding audit and consulting services, thereby creating a sound basis for greater transparency and a more reliable assessment of the transaction risk from the lender’s perspective. The range of services includes worldwide on-site and remote audits at the borrower’s location, focusing on business processes as well as the existence and recoverability of assets. Furthermore, it includes the review of valuation methods for calculating the portfolio borrowing base value as well as monitoring for continued valuations.
Operational Consulting for Portfolio Operators
Stable Processes and Operational Experience
The operational consulting services offered by Curadino are aimed at startups, scale-ups, and established companies, focusing on ensuring operational excellence. The focus is on supporting companies that are faced with structural, procedural, and organizational challenges as a result of dynamic growth. Growth phases are regularly characterized by the increasing complexity of business processes and the need for additional debt financing. The use of external financing instruments such as ABS or ABCP, coupled with the associated requirements of the lenders, often leads to a very high burden or even an overload of the organization. This manifests itself, among other things, in inadequate reporting and controlling systems, a lack of transparency regarding financial and operational KPIs, and increased operational and financial risks.
Curadino assists in overcoming these challenges through an integrated service portfolio, which can be summarized into two modules:
Valuation & Reporting for Financial Sponsors
Implementation of requirements from financing partners regarding valuation and reporting requirements
(Financial Operations)
Operation of Mobile Asset Portfolios
In the area of Financial Operations (FinOps), Curadino supports the setup and operation of a reliable reporting and management process that enables a transparent representation of financing structures with their financed assets and their value development. This includes support in the development and maintenance of financial models, the calculation and billing of financing interest, the ongoing assumption of administrative tasks in connection with existing financing programs, the systematic tracking of data relevant to the financing program, and the monitoring of collateralized assets. In addition, Curadino can act as an external, independent third party to provide regular reporting on the value development of the financed portfolio.
Another central service module concerns operational fleet management. Curadino supports companies in the management, administration, and operation of fleets and portfolios of mobile assets. Our clients benefit from the Curadino management team’s many years of expertise in operating very large asset portfolios. Furthermore, the established Curadino network provides reliable access to a field-tested range of services, including logistics, storage, refurbishment, repair, and the resale of assets.
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Our services are directed exclusively at commercial partners.
