Liquidation Analysis -

Liquidation analysis occurs many times when a company files for chapter 11 bankruptcy. When a company files for bankruptcy, it must provide to its creditors a plan of reorganization and disclosure statements. Part of that reorganization plan includes a liquidation analysis. This liquidation analysis states a company’s assets and liabilities, and is meant to determine whether or not reorganization would be more beneficial to creditors, or to simply liquidate the company’s assets to pay as much debt as possible.

Cash Flow Management -

Cash flow management is the process of monitoring, analyzing and adjusting your business’ cash assets. The most important function of cash flow management is to avoid shortages in funds by making sure that cash inflows do not fall below cash outflows unnecessarily by scheduling bill payment around estimations of when income is likely to be obtained. Cash flow analysis also deals with applying strategies that will maintain and extend adequate cash flow for the business. An example of this is to shorten the businesses cash conversion period so that businesses can obtain money faster.

Business Valuation -

Business valuation is used to determine the value of an owner’s interest in a business. It is often used by the financial market to determine the price that someone would be willing to pay for the company. Business valuation can also be used to determine the worth of the company so that creditors can then tell whether restructuring of the business, or liquidation of the business is more beneficial. This is often known as the “Fair Market Value” of the business.

Solvency Studies -

Solvency studies determine the ability of a company to pay back its debts with its available cash. It can also describe the company’s ability to perform long-term expansion and growth. This shouldn’t be confused with profitability which is a company’s ability to make a profit. Often a company cannot make a profit, yet does have enough cash to pay its debts. When a company is insolvent, then it can not pay back its lenders. When a company is insolvent, and unprofitable, it will become bankrupt. Solvency studies determine how solvent a company is.

Business Financial Management -

Often, when a company is in a crisis situation such as bankruptcy proceedings, it is beneficial to obtain consulting and financial management services. An outside service can alleviate the increased workload, not to mention stress, of a crisis situation. Outside expertise can also supplement internal knowledge, or even provide that knowledge to you if your company does not possess knowledge about the financial situation that is occurring.

Crisis Management -

A crisis is an unexpected and critical event that can jeopardize a company or organization and its shareholders. Crisis management attempts to minimize the effects of crises and its aftermath. In the life of any organization there will inevitably be crises, which by their very nature are unpredictable. However with proper crisis management, the event can be minimized as much as possible, and the lasting effects of such crises can be dealt with quickly so that a company can return to day to day operations. It all depends upon how well you and your company responds to the situation.

Business Performance Management -

Finding out the strengths and weaknesses of your company, its people and its processes, as well as comparing your operation to industry benchmarks and your competitors, is what business performance management is all about. It is very important not only in crises, but also in times of normalcy that a company perform an operational performance assessment. Often using outside consulting services is beneficial in this area because biases can be formed if you are performing those analyses internally.

Forensic Accounting Services -

It is important for every organization to minimize the potential for fraud and corruption within the company. Fraud can result in a huge negative impact not only on the company, but also on its customers. Performing forensic accounting services upon your financials can quickly identify any fraud that may be occurring, or that may have occurred. Once you know what happened, you can then take steps to rectify the situation, and also take preventative action in the future.

Interim Management Services -

During a crisis, often outside assistance is needed to help correct the situation. In some cases, extra or even replacement management can be utilized to help with business turnarounds, facilitate conflict resolution, and many other aspects of crisis management. These management services can be more effective than relying on internal staff because the interim management teams are experts in resolving crises, and they have experience in different organizations that can aid your company as well.

Bankruptcy Administration -

If your organization is in bankruptcy, it is important to have the right assistance to help navigate the laws and regulations for bankruptcy. Administration of your bankruptcy case can be an overwhelming task, and often assistance is not an option, but a necessity. Having someone who has expertise in the administration of bankruptcy cases can help manage a difficult process, and make the best of the situation. With bankruptcy case administration assistance, you can rely on someone who has been there before and can lessen the impact of the bankruptcy process.