Every business faces unique industry related challenges – and opportunities. Whether you are in the professional services sector or the commercial goods industry, you know that there are certain regulatory, technological, and operational complexities specific to your field and business. Plaintiff funding, also referred to as litigation funding, plaintiff cash advances or lawsuit funding, is no exception. As a niche field, it’s important that your business partners with an accounting firm that has the industry knowledge and expertise needed to identify issues and opportunities while ensuring compliance with outside parties, such as investors and lenders.
There are many dimensions of a plaintiff funding business which require a comprehensive look at the business. By working with an accounting or tax professional that has industry experience, the process will not only be smoother and quicker with less burden on your team but will also provide you with additional insight along the way.
Janover has been working with plaintiff funding businesses for almost 20 years and has supported them by:
- Providing complex accounting guidance as well as detailed tax planning
- Helping to determining adequate loss reserves & accounting for write-offs
- Assisting in structuring of securitizations in excess of $50M
Trend Analysis & Advising
It can be easy to get bogged down in the day-to-day operations of your business without thinking about long-term strategy. An accounting firm close to your business can spot trends, issues, and opportunities that you may have missed or overlooked. Professionals with a history of advising similar businesses can quickly reference industry benchmarks and KPIs to determine how your business is performing in comparison to similar organizations and provide insightful analysis to better present your business if you’re looking to improve margins or seek additional financing or investors.
The Janover team has provided analytics services for plaintiff funding clients including:
- Assistance in case status updates using RPA automation to properly manage, record, and follow-up on active fundings
- Implementation of business intelligence dashboards to track lender compliance and covenants
- Assistance in the calculation and tracking of funding accrued values in real-time
When you work with a firm that has plaintiff funding experience, you can rely on them to ensure your business stays in compliance while maximizing its full financial potential. The professionals on our team have experience providing assurance and tax services to numerous alternative finance companies with an aggregate of over $500M in assets. We understand the intricacies of plaintiff funding and will keep your operations accounting and finance processes running efficiently. Contact us today to find out how we can help support your plaintiff funding business.