Due diligence is a complex and formalized process that may become time consuming and expensive. Tao Administration is able to use its depth of experience and scalability to offer high quality and cost effective due diligence services that can be tailored to your specific requirements and that will allow you to benefit from an independent third party viewpoint. The Risk, Surveillance and Compliance Group at TAO Administration provides full scope due diligence reviews, investigations, compliance testing and reporting to a broad spectrum of clients including: major international banks; credit unions; finance companies (vehicle and equipment, lease and loan, floor plan finance and receivable finance); equity and sub-debt providers; and asset management companies. The due diligence review may include the evaluation and reporting on existing policies, procedures and internal controls and the Company’s compliance to them. In addition, the scope of our due diligence includes, but is not limited to, a review of the following general areas:
- Business history, ownership and management summary;
- Financial performance and capacity;
- Product overviews;
- Business origination, process and controls;
- Credit underwriting policies and procedures;
- Documentation and administration policies and procedures;
- Collections policies and procedures;
- Processing policies and procedures;
- Cash management;
- Information systems (including disaster recovery).