Four fixed-scope engagements that follow the deal lifecycle — pre-LOI signal, full underwriting, post-close baseline, and continuous monitoring. One firm. One methodology. No hand-off risk.
The Iceberg Audit converts a diligence engagement into a portfolio relationship. Structural decay is invisible until it isn't.
Rapid sanity check before LOI. Top-down ingestion to flag structural anomalies before you commit.
The definitive Challenger Model. Full underwriting of the revenue engine mechanics against system-of-record data.
| Tier | Price | What's included |
|---|---|---|
| Standard | $35,000 | Scorecard, Variance Decomposition Model, Board-Ready Memo. Single CRM, Grade A/B data. |
| Full Audit | $55,000 | Adds Control & Ownership Map + 90-Day Remediation Plan ranked by ARR impact. |
| Credit Package | $75,000 | Multi-system, DSCR breach timeline, full lender covenant stress table + remediation plan. |
The revenue model you underwrote is now the baseline your value creation plan runs on. Verify it holds — before your board does.
Continuous covenant stress-testing across existing portfolio assets. The Iceberg Audit establishes the forensic baseline this service runs on.
We quote based on data complexity, not sentiment. Final quote provided after Data Quality Grade (A/B) is established.
| Tier | Price | Complexity Drivers |
|---|---|---|
| Standard | $75,000 | Single CRM (Salesforce/HubSpot), Domestic Entity, Grade A/B Data, Standard Subscription Model. |
| Complex | $95,000 | Multi-Product, Mixed Monetization, Moderate Data Gaps, Added Segmentation Requirements. |
| Max / Credit | $125,000 | Multi-System Reconciliation (ERP+CRM), International/Multi-Currency, Usage-Based Models, Full Lender Covenant Package. |
Across 47 public SaaS revenue misses, structural forecast signal failure preceded guidance breaks. Most misses were mechanical — not macro. The Iceberg Audit finds the mechanics you now own before your board finds them for you.
Your value creation plan is only as good as the revenue signal beneath it. The Iceberg Audit gives you a forensic baseline before you commit headcount and capital to a plan built on the seller's model.
You didn't build this revenue model. If there's a Year+1 ARR cliff from Duration Stuffing or Cohort Decay accelerating in new cohorts, you want to find it before the board does. Independent cover and remediation roadmap in one engagement.
Your DSCR covenant is live. If structural ARR decay is underway below the waterline, the time to find it is before a waiver conversation — not during one. We identify the specific quarter the covenant breaks under downside ARR scenarios.
Confidence Grade (A / B / C) with explicit rationale. Grade A = underwritable, narrow bands. Grade B = directional, remediation required. Grade C = material control gaps, elevated risk.
Quantified attribution of ARR variance by driver — Pipeline Slippage, Renewal Compression, Usage Expansion Gap. Every number tied to system-of-record data, not management commentary.
Who owns each revenue control, where the gaps are, and which control failures are producing the observed forecast drift. Organizational, not just analytical.
Ranked by ARR impact. Specific interventions on sales comp, renewal process, pipeline hygiene, or expansion triggers — sequenced for the operating partner's first 90 days.
Concise. Sponsor-safe. No consultant narrative. The memo you hand to your LP Advisory Committee or board to demonstrate forecast governance is active from day one of ownership.
No consulting fluff. Just the artifacts you need to paste into your Investment Committee Memo.
A waterfall chart quantifying the bridge from Seller Forecast to FIP Behavioral Floor. Explicitly calls out "Ghost Pipeline," "Duration Stuffing," and "Cohort Decay" impacts in dollars.
For Lenders: A Monte Carlo fan chart overlaid with your DSCR threshold. We answer: "Under a P10 downside scenario, exactly which month do we breach the covenant?"
Specific language for your legal team. We recommend earnout triggers, working capital pegs, and special indemnities based on the forensic findings.
Full reconciliation of CRM to General Ledger. We grade the data (A/B/C) and list every field we relied upon, reducing your post-close surprise risk.
We protect the timeline by enforcing strict data standards.
The 10-day Sprint clock begins only after we validate "Material Completeness" of the VDR data (Opportunity Tape + Revenue Detail + Historicals). Iceberg Audit clock starts on data receipt confirmation.
FIP pauses the timeline if critical reconciliation fields are missing or if new uploads invalidate prior work. We do not sprint on quicksand.
We accept addenda for 2 cycles. However, if a new file changes baseline bookings by ≥5%, we issue a Change Order to protect quality.