Inventory Appraisals & Asset Verification

Present Value LLC offers inventory appraisal and asset verification services nationwide to help our clients meet federal government requirements and the ever-changing regulations in their industries. Services can include bar-coding, software implementation, spreadsheets and valuation with detailed information for an easy-to-use and adjustable platform, and can range from a one-time data collection service to an ongoing yearly service contract. The types of inventory appraising and asset verification Present Value LLC offers include, but are not limited to, the following:

• Furniture Fixtures and Equipment (FF&E) Appraisals and Verification
• Barcoding and Tagging of Assets With or Without Valuation
• Implementation of Inventory Management System
• Asset Verification With or Without Valuation
• Inventory Appraisals of Stock, Products and Goods

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Inventory Audits and Financial Control Assessments

Many clients are unaware of the importance of inventory and financial control audits necessary for a bank trying to determine credit quality, which leaves today’s community banker in a difficult position. Present Value LLC’s expertise focuses on field audits and financial controls assessment.

Present Value LLC provides:

• Extensive reporting and financial spreads
• In-field interviews and system control assessments
• Dock to Stock to Desktop audits and statistical analysis
• Ongoing monitoring for volatile inventory usage and valuations
• Methods and procedures assessments used in inventory calculations
• Compliance and variance reporting of valuations with impact to collateral

Inventory funding that is monitored only by financial statements or borrowing base certificates can be two to three operating cycles behind the current business condition. If not properly monitored, the impact of a business decline or reversal, along with subsequent asset impairment, can negatively affect the bank’s returns – in addition to the regulatory pressures and board frustrations that can absorb the business’s resources and drain morale.