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GOVERNED COMMERCIAL VALUE REALISATION

Every complex business has trapped commercial value. Standard reporting can't find it.

With leverage and multiple expansion no longer carrying the return, value has to be created inside the business — operational alpha.

AuDX is a governed commercial diagnostic, using data science, decision science, and AI. It finds where value is trapped and quantifies what is realistically recoverable on an evidence-graded P10/P50/P90 basis — every figure reliability-scored, overlap-tested, and traceable to source — then sequences the interventions a board can stand behind.

Portfolio value creation · pre-deal value reads · 100-day plans · pre-exit EBITDA improvement.

Data and Decision Science as a Service (D²SaaS): a governed diagnostic in which a deterministic engine owns the arithmetic, AI accelerates extraction, classification, and QA, and a human operator governs every release. Designed for board, CFO, and lender scrutiny — transparent assumptions, evidence grades, a calculation audit trail, and explicit limits.

It starts with your question.

AuDX is built for the moments when someone accountable for value has a question their reporting can't answer.

PE OPERATING PARTNERS & PORTFOLIO LEADERSHIP
"Where is the value in this portfolio company — and what do we fix first?"
A quantified value baseline and prioritised 100-day plan for a portco — or a standardised, comparable read across the whole portfolio.
NEWLY-INSTALLED CEO · CFO · CCO · CRO
"I have a hunch there's trapped value here — but I can't pin it."
The hunch, proven and sized in your first quarter: where value is leaking, what it's worth, and the sequence that makes your first year.
ACQUIRERS & DEAL TEAMS
"What's genuinely recoverable inside this asset — before we commit capital?"
A pre-deal commercial value read in 5–15 working days — alongside full-scope diligence, or in its place where full-scope is disproportionate.
OWNERS & CHAIRS, 12–24 MONTHS FROM EXIT
"What can we evidence before the sale that changes the number?"
Recoverable EBITDA identified, sequenced inside the remaining trading window, and evidenced to the standard a buyer's diligence will test.

Your reporting shows performance. It doesn't show what you're leaving on the table.

The gap between what you invoice and what you keep is typically material.
Pricing waterfalls leak margin through undisclosed discounting, uncontrolled exceptions, and channel-level erosion that never reaches the board pack. AuDX maps the full waterfall from list price to pocket margin and quantifies the recoverable value at each stage.
REVENUE ARCHITECTURE
Growth spend generating no return above your organic baseline.
Without a zero-based revenue floor, you cannot tell which levers are working and which are burning cash. AuDX isolates the incremental contribution of each channel and builds the reallocation that shifts budget from waste to return.
CUSTOMER ECONOMICS
Pipeline reporting that masks structural conversion failure.
Healthy-looking coverage can conceal stage-level leakage across the lead-to-cash journey. AuDX diagnoses where the commercial stack breaks — pipeline quality, channel performance, transactional integrity — and quantifies the revenue at risk.
COMMERCIAL STACK
Concentration risk depressing your exit value.
When a handful of customers, contracts, or products carry the revenue base, enterprise value carries a structural discount that growth alone will not offset. AuDX quantifies concentration exposure and separates recoverable value from value at risk.
CONCENTRATION RISK
A strategy the leadership team believes — but doesn't resource.
Teams often know the strategy yet allocate time, talent, and attention elsewhere. AuDX measures execution coherence, leadership drag, and the cost of misalignment where the evidence supports it.
STRATEGY-TO-EXECUTION

Trapped commercial value is documented. Its recovery rarely is.

Boards, CFOs, and investors increasingly know unrealised value sits inside the business. The hard part is proving where it is trapped, what is realistically recoverable, and which interventions are worth acting on first.

MCKINSEY · S&P 1500
Pricing waterfall leakage
Pocket price often runs 20–40% below list; nine-plus points of margin erode where the waterfall is never mapped.
MCKINSEY
Pricing leverage ignored
A 1% price gain lifts operating profit by roughly 8% — over three times an equivalent volume gain.
OBSERVED ACROSS DEALS
Synergies assumed, not evidenced
Synergy assumptions routinely leak between signing, budget ownership, and realised cash flow — priced at close, rarely tracked to recovery.
CONVERSION BENCHMARKS
Demand left on the table
Top-quartile B2B converters run multiples of the median. The benchmark is context-specific — the leak is not.

The incumbent answer — the strategy houses and Big 4 — typically runs three to six weeks and often longer at full scope, and is built for transaction defensibility rather than value recovery.

Eighteen years of commercial pattern recognition — codified into a governed engine.

£0
Organic revenue growth, senior commercial roles
£0
EBITDA uplift
£500M+
M&A and integration
18 yrs
Board-level commercial leadership

Built from eighteen years of board-level commercial leadership across FTSE 100 retail, global B2B events and information services, enterprise technology across 30 European markets, UK hospitality and resorts, and capital-markets fintech. AuDX codifies that judgement — the patterns, benchmarks, and intervention hierarchies — into a deterministic diagnostic architecture: the engine owns the arithmetic, AI accelerates extraction, classification, and QA, and a human operator governs every release. You are buying an institutional asset, not renting an individual's time.

The finding card.

Every diagnostic produces finding cards — board-ready artefacts that isolate one commercial signal and translate it into a quantified, governed, actionable intervention. Note how the headline number is never the reported number: every figure is confidence-adjusted and implementation-adjusted before it reaches the board.

REVENUE ARCHITECTURE · RENEWAL PRICING
RELIABILITY: MED-HIGH
They kept renewal prices flat while the product got better.
Signal
Discount compression below delivered value across renewal cohorts. Premium feature usage exceeding contracted package tier. Year-one price capture held at 2% against a 6% defensible position.
Headline recoverable
£1.12M
Confidence-adjusted
£0.81M
Net, year one
£0.75M — the evidenced number
Intervention
Low-risk repricing cohort isolated by tenure, usage, and renewal timing — sequenced ahead of the wider book.

Illustrative finding — synthetic subscription-data business. Not a client result.

Diagnosis is the beginning, not the end.

Most commercial reviews run intake → analyse → report, and stop. AuDX starts before the data arrives and doesn't finish until value recovery is evidenced. Seven stages, each governed, each gated.

01
Scope & gate
Before anything runs, we test fit: the value at stake, the data available, and whether AuDX can produce a defensible result. Go, rescope, or decline — we don't run engagements we can't govern to standard.
02
Diagnose
The commercial estate is read across the five pillars — where value is trapped, leaking, or at risk. Signals detected, not assumed.
03
Quantify & grade
Every finding is sized and graded for reliability. Weak evidence is discounted, nothing is double-counted, and theoretical value is never reported as recoverable — so no one chases ghost revenue.
04
Govern & sign-off
Nothing leaves until an operator has verified every material finding. This is where "governed" stops being a claim and becomes a step.
05
The value case
A board-ready value case: recoverable EBITDA on a P10/P50/P90 basis, a governed card for every finding, and a prioritised action stack. Built to survive a CFO, a board, and a lender.
06
Realise
The intervention plan moves from paper to recovery — what to do, who owns it, and the sequence that makes the number real. Operator-led where the engagement calls for it.
07
Backtest
Realised value is measured against the P50 estimate. The loop closes: the method is held accountable to its own numbers, engagement after engagement.

Two numbers, never conflated: the size of the opportunity, and what a board can stand behind. Weak evidence is discounted, nothing is double-counted, and theoretical value never reaches the board — so no one chases ghost revenue. CVR is value creation measured at the point of decision, not in hindsight — risk-adjusted, so a board can commit to it.

Every commercial signal that matters. Nothing that doesn't.

Revenue Architecture
Pricing waterfall, discounting, promotions, pocket margin, channel economics, yield gaps, and monetisation architecture — where margin leaks between list price and what the business actually keeps.
Customer Economics
Lifetime value, churn, retention, acquisition efficiency, customer profitability, and growth-lever ROI — whether the business understands profitability at driver level or only in aggregate.
Concentration Risk
Customer, contract, product, and channel concentration, renewal exposure, and enterprise value at risk — whether the revenue base is structurally resilient or quietly fragile.
Commercial Stack
Sales architecture, pipeline, CRM, CDP, ecommerce, AI systems, platform cost waste, technology drag, and transactional integrity — whether the stack converts demand into cash or generates activity without return.
Strategy-to-Execution
Activity alignment, resource coherence, prioritisation quality, leadership execution gap, initiative overload, and value sequencing — whether strategy is resourced or merely stated.

A governed value case. Not a slide deck of opinions.

Every engagement delivers a complete, board-ready value case: the CVR report, the underlying calculation model and audit trail, a governed card for every material finding, and the realisation plan — evidence-graded end to end, and defensible in front of a CFO, an investment committee, or a lender. Four artefacts:

1
Commercial Value Realisation figure
A P10/P50/P90 view of recoverable value, reported on two bases — net addressable opportunity and a conservative, implementation-adjusted, risk-adjusted case — translated into EBITDA uplift and enterprise-value impact at your current or target multiple. Delivered with the calculation model behind it.
2
Prioritised action stack
Every finding ranked by recoverable value, reliability of evidence, speed to impact, execution difficulty, and strategic leverage. Not a list of equal problems — a sequence.
3
Standard finding cards
A governed artefact per material finding: the signal detected, the quantified value at stake, the pillar, the reliability score, the causal explanation, the verification status, and the evidential basis. Designed to drop directly into a board pack.
4
Intervention & realisation plan
What to do, who owns it, the timeline, the expected outcome, and the backtesting protocol that measures realised value against the P50 estimate. This is what separates diagnosis from recovery.

Not a replacement for full-scope diligence. The quantified value layer alongside it.

Full-scope commercial due diligence is essential when an investment committee needs the complete market, customer, and competitor view. The sharper distinction is what you hold at the end:

A CONVENTIONAL COMMERCIAL REVIEW PRODUCES
A point-in-time narrative report: market context, customer references, risks described. Built for transaction defensibility. Typically three to six weeks — often longer at full scope.
AuDX PRODUCES
A quantified, defensible value case: P10/P50/P90 recoverable EBITDA, every finding reliability-scored and overlap-tested, a sequenced intervention plan, and a backtesting protocol against realised EBITDA. Built for value recovery. 5–15 working days.
SITUATIONFULL-SCOPE CDDAuDX
Investment committee needs full external market & customer diligenceBest fitSupporting value input
Deal is smaller, faster, or sector-familiarOften disproportionateStrong fit — 5–15 working days
Portfolio company needs a 100-day commercial value planNot designed for thisStrong fit
Pre-exit EBITDA improvement sequencingPartial fitStrong fit
Advisory firm needs a quantified value case inside its own deliverableManual, bespokeBuilt for it — licensed via AuDX Partner

The AI accelerates the analysis. The methodology controls the judgement.

DETERMINISTIC ENGINE
Owns the arithmetic
Every figure computed in a deterministic, audited calculation engine to a governed calculation standard — separable from, and never produced by, the language model.
AI
Accelerates the lift
Extraction, classification, pattern recognition, and cross-checking across the data room — at speed. It never calculates, retains, trains on, or owns the numbers.
HUMAN
Governs release
Nothing leaves until an operator has verified and signed off every material finding.

Built to survive a CFO, a board, and a lender: ranges, not single numbers — P10/P50/P90 on driver-level inputs, with Monte Carlo simulation and Beta-PERT sampling across value ranges; every finding scored — calibrated reliability scoring, with Empirical Bayes shrinkage where evidence is thin, so no finding is reported at full value unless the evidence supports it; no double-counting, no overclaim — overlap control, implementation adjustment, dual reporting, an explicit assumption and limitation log, and quarterly backtesting against realised EBITDA. Theoretical value is never reported as recoverable. Client data is processed only inside the agreed engagement environment, and purged at the end of it.

Five product lines. One governance standard.

Each line carries its own diagnostic logic and calibration — what they share is the engine, the evidence discipline, and the governed release.

AuDX Enterprise
The whole-company diagnostic. Unrealised commercial value across pricing, margin, channel mix, customer economics, commercial spend, technology drag, and execution — quantified, prioritised, and built into a board-ready 100-day plan.
FOR PE Operating Partners; and CEOs, CFOs, CCOs, CROs, and Chief Transformation Officers — newly installed, planning the next stage of growth, or carrying the hunch that there's trapped value they can't pin. £20–150M businesses.
AuDX CDD
Commercial due diligence. A faster, sharper view of value risk and recoverable value before capital is committed — where a full-scope process is too slow or disproportionate to deal size, or as the quantified value layer alongside it. Typical turnaround 5–15 working days.
FOR Heads of M&A, Directors of Corporate Development, and VPs of Strategy at acquisitive mid-market businesses and PE-backed strategics.
AuDX Exit
Pre-exit value sequencing, 12–24 months before sale. Identifies and sequences the value recoverable inside the remaining trading window, with time-weighted CVR and ramp-profile modelling.
FOR Founder/CEOs, Chairs, PE owners, and corporate finance advisers preparing a business for sale.
AuDX Product
Product portfolio reprioritisation. What to build, buy, kill, scale, defer, or reprice — every product bet scored by recoverable value, reliability, time-to-impact, and strategic leverage. Replaces roadmap opinion with decision science.
FOR Chief Product Officers, Heads of Product, and Product Directors at £10–100M scale-ups and mid-market businesses.
AuDX Partner
The licensing route. The methodology, calibration, and governance infrastructure delivered under a licensed partner's brand — AuDX provides the IP and per-engagement quality review; the partner provides the relationships and delivery. A recurring model that compounds with usage.
FOR Founding Partners and MDs of commercial transformation, digital, data, M&A advisory, and value-creation boutiques.

Clear exclusion is part of the discipline.

The same evidence standard that makes a finding defensible also defines where the method shouldn't run. AuDX declines engagements it cannot govern to standard:

Pre-revenue startups — no trading data to diagnose
Sub-£5M businesses — the method may exceed the recoverable value
£500M+ enterprises — the method is calibrated for mid-market data estates and decision speed
Acute distress — needs cash intervention, not a diagnostic
Below the data-quality threshold — a Data Readiness Sprint first
Single-product, single-channel — too little commercial complexity
Heavily price-regulated sectors — pricing discretion too constrained
Public sector / non-profit — unless a clear commercial mandate

AuDX runs only where it can produce defensible value recovery.

Sector-calibrated diagnostics. Not generic analytics.

AuDX applies sector-specific diagnostic logic — the right signals, benchmarks, and intervention hierarchies for each business model.

B2B Services
Contract economics, client concentration, pricing governance, and pipeline integrity.
B2B SaaS
Net revenue retention, expansion economics, pricing-tier architecture, and product-led conversion.
Hospitality
Channel economics, yield optimisation, OTA displacement, and ancillary revenue architecture.
Ecommerce
Conversion, attribution, customer lifetime value, and channel contribution.
Retail
Pricing across SKUs, omnichannel attribution, promotional effectiveness, and inventory yield.
Capital Markets
Client economics, fee-structure complexity, concentration risk, and distribution.
Information Services & Events
Subscription and renewal economics, delegate and sponsorship yield, concentration risk, and content-driven customer economics.

Built for PE-backed and mid-market businesses. Applied to any complex commercial model.

Structured for how PE firms actually operate.

Asked before every engagement.

How is the number defensible?
Every figure is computed in a deterministic, audited calculation engine — never by a language model. Findings are reported as P10/P50/P90 ranges via Monte Carlo simulation and Beta-PERT sampling, reliability-scored with Empirical Bayes shrinkage where evidence is thin, overlap-tested, implementation-adjusted, dual-reported, and backtested against realised EBITDA. Theoretical value is never reported as recoverable.
What do you need from us?
Commercial data access — typically finance, pricing, transaction, customer, CRM, and channel data. The data-quality gate in the first three days decides go, rescope, or decline; below threshold, a Data Readiness Sprint is scoped first. Client data is processed only inside the agreed engagement environment and purged at the end.
Does it replace full-scope commercial due diligence?
No — where an investment committee needs the full external view, full-scope CDD is the right tool, and AuDX runs alongside it as the quantified value layer. It replaces full-scope only where full-scope is disproportionate to the deal.
What does it cost?
Engagements are scoped to the value at stake and the complexity of the business — pricing is agreed at scoping, before any commitment.
Who is it not for?
Pre-revenue startups, acute distress, single-product single-channel models, heavily price-regulated sectors, and £500M+ enterprises — the method is calibrated for mid-market data estates and decision speed.

The value is already in your business.
The real question is what's recoverable — and what it's worth.

Thirty minutes, in confidence: your situation, the data available, and whether AuDX can produce a defensible result. No fee, no commitment — if there is a fit, the diagnostic begins on a defined, time-bound schedule.