When companies go through tough situations, cash-flow crisis, major losses, shutdowns, etc., they need seasoned professionals to handle these delicate situations, as strategic partners. TakEmp Services has a core team of CFO’s, with expertise in handling turnaround requirements. TakEmp Services adopts a 3 point strategy in assisting companies with complete turnaround.
Analysis:
Detailed analyses to understand root cause of the problem, identify critical areas to handle, evaluate sensitivity of various crisis matters, review financials and contracts to safeguard assets and business on hand.
Short Term & Long Term Plans:
Strategic action plans are built to any urgent requirements, undertake negotiations with bankers, lenders, and other stakeholders to get their approval of any revised business strategy proposed. Separately day-to-day business strategy is adopted to ensure smooth execution of all critical ongoing functions, including tight monitoring of cash flows, new business conversion and costs.
Stabilize and Grow:
Post crisis management, we assist in stabilizing the business, building strengths and implementing growth strategy. Turnaround Management is not an easy task and requires a lot of senior talent involvement for strategizing the right action plan. All our engagements are headed by a qualified Senior CFO Partner supported with an experienced team, as required. We also assist client companies with raising funds, leveraging on our bank as well as investor contacts, since many a times this is the most important business requirement. Below is an indicative list of some of our services that we combine and offer when undertaking Turnaround Management Services:
- Budgeting & Forecasting, with sensitivity analysis
- Cash flow and Cost Management
- Financial Analytics, Board and Management Reporting.
- Internal Due Diligence.
- Fund Raising.
- Contract Negotiations.