Law/Accounting Services Engagements

International CPA Firm

CVS was retained to address this firm's inability to reduce its DSO from 101 days. A program was set in place that permitted CVS to work with the partners as well as, the staff to obtain required documentation to speed up the payment cycle. This program resulted in reducing the DSO to 68 days or a reduction in DSO levels by 33%. This reduction increased cash flow by approximately $1 million a week.

Steel Company (DIP)

CVS was retained by an International law firm to assume the role of the collection department. CVS was responsible for the collection of all amounts included in the accounts receivable aging of nearly $100 million, with an anticipated recovery of only 35%. We were able to obtain a return of 64%, or 183% of expected recovery.

International Law firm

CVS produced records and prepared analysis of preference claims of company in bankruptcy that empowered the attorneys to recover amounts that exceeded expectations.

International CPA firm

CVS utilized forensic techniques to review records and determine applicability to production request and produced over 15,000 documents in PDF format in three business days.

Debtor in Possession

CVS designed and implemented a records management program for a company in bankruptcy that was recognized nationally by attorneys in a large law suit affecting multiple locations throughout the United States.

International Law firm

CVS designed and implemented a records reproduction program in less than two weeks that involved 64 people working three shifts (24x7) and eight high-speed copiers in support of a major due diligence program.

National Law firm

CVS developed capital restructuring strategy that helped a company avoid bankruptcy.