August 9, 2021
CHALLENGE
Aviation finance companies engage in business partnerships that generate utilization-related revenue. Such income is often based on self-reported performance milestones or other factors defined by the contractual agreements.
Zeevo professionals have assisted lessors to assess and implement processes that streamline reporting and reduce the risk associated with the inaccuracy of self-declared utilization statements.
APPROACH
- Zeevo’s third-party risk management/contract risk and compliance service offering provides assurance over extended business relationships
- In assessing the accuracy of utilization payments, Zeevo’s approach considers these key aspects:
– Lessee underreporting
– Incorrect foreign exchange rates
– Inclusion of non-deductible amounts
– Manual processes and unsophisticated systems
– Communication breakdowns between finance and technical teams
OUTCOME
Zeevo’s leasing clients have benefited from our team’s deep risk management expertise to:
- Identify, mitigate, and manage risk
- Streamline processes, internal controls, and operations and optimize revenue streams
- Strengthen business relationships
- Clarify ambiguous or inconsistent contract clauses
- Design standardized reporting formats/metrics and tools to reduce manual input
- Provide all-encompassing communications support to mitigate the potential for negative public perception
ZEEVO’S VALUE ADD
- In-depth knowledge of aircraft lessors’ contract risk and compliance challenges and risk-mitigation techniques
- Dedicated risk management professionals well versed in many industry sectors and across a variety of extended business relationships
- Conducted third-party risk management assessments and implemented processes that enabled clients to benefit from:
– Improved metrics
– Increased oversight and monitoring
– Enhanced independent validation
– Optimized processes and controls
– Increased transparency and accuracy
– Enhanced relationship management
– Recovered revenue and costs
DOWNLOAD CLIENT CASE STUDY (.pdf)
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LET’S TALK
Stacy Townes
Phone: +1 760 933 8607
stownes@zeevogroup.com