The Assessment and Analysis Phase involves a rapid but comprehensive audit of the state of the business, based on combining conventional financial audit procedures with extensive internal/external interviews and analysis, including, where and as appropriate:

• Cash and financial audit to identify/determine:
  • Current and near term cash flows
  • Realizable net asset values
  • Current and contingent liabilities
  • Historical accounting/procedural irregularities ( if any )

• Operational and people audit to establish:
  • Management strengths and weaknesses
  • Staffing needs/options
  • Process improvement opportunities
  • Internal operating & communications enhancements

• Technology audit to analyze:
  • Viability of existing hardware/software
  • Status/quality of programs under development
  • Improvements for existing infrastructure
  • Near term development options

• Customer audit to assess/identify:
  • Strength and commitment of major customer relationships
  • Advance customer payment opportunities
  • Additional revenue potential from price increases or new business
  • Customer rationalization strategies

• Supplier audit to assess/identify:
  • Strength and commitment of major supplier relationships
  • Improved supplier payment terms
  • Better pricing/purchasing
  • Supplier consolidation strategies