The nature of our client relationships and services are confidential and often times transparent to their customers. Our clients will provide confidential references in appropriate circumstances. In this section, we describe the nature of some of those specific assignments.
A northern Utah service business.
We were the accounting and payroll department for a local, two location service business, with annual revenues of approximately $1.75 million. The assignment includes maintenance of the general accounting records, preparation of monthly financial and managemetn reports, cash and accounts payable management and payroll processing and payroll tax reporting.
A prominent Utah trade association.
We supervise the daily accounting operations, prepare monthly financial statements, make monthly presentations to the Board of Directors, and monitor cash balances and investment activities to see that they are carried out in accordance with policies of the Board of Directors.
We also maintain the general accounting records of a real estate joint venture in which this client is a significant participant. We have a lead role in negotiating a $12 million construction loan for this project, as well as setting up and coordinating the construction draw process with the lender.
A prominent national manufacturer of computer peripherals
We were the out source credit and accounts receivable department for a business unit of a nationally prominent manufacturer of computer peripherals. The revenue from this business unit is a relatively small part of total company revenues, but the products are an important part of this company's customer service. We provide credit review and approval on all open account orders, billing, remittance processing through a lock box, accounts receivable management, and monthly financial reporting to the company's financial reporting system.
An Australian based medical supplies operation.
We oversaw the distribution operations for an Australian medical products firm who is using the product fulfillment approach to execute its US sales and marketing objectives. Our services also include credit review and approval on all open account orders, billing, remittance processing through a PO box, accounts receivable management, and weekly and monthly financial reporting to the company's financial reporting system.
A prominent national software manufacturer and distributor
We performed a revenue recovery assignment for a national software manufacturer and distributor. The nature of the assignment was to review software license agreements for a period of three to five years and determine the extent to which revenue had not been billed. We were responsible for documenting unbilled revenue, contacting our clients customer and negotiating payment and settlements.
A prominent national computer manufacturer
We also provide credit and accounts receivable management, remittance processing and financial reporting services to a national printing firm who has a product fulfillment contract with a subsidiary business unit of a national computer manufacturer. The nature of this project is similar to the one described above. The major difference in the two is that we have a heavier project management responsibility in this assignment.