FINANCIAL CONSULTING FIRMS IN CRISIS. ASSOCIATED ARRIAGA BUSINESS EXPERT WITH SOLVENCY PROBLEMS, EXPERT IN REFINANCING. NOW ALSO IN ZARAGOZA. SPAIN.
FINANCIAL CONSULTING FIRMS IN CRISIS.
Although it thinks that everything is invented not true. While there are great experts in financial consulting all of it refers to more stable environments and growth and for companies of any size. However, few consultants are able to provide solutions to serious liquidity problems that SMEs are suffering in these times of financial crisis and non-financial.
Many of the SMEs are in a very critical situation because their business is not generating the cash flow it generated in the past, customers are slow to pay, many providers require payment shorten risk or liquidity problems and bad debts crawl bankruptcy for many companies, and last but not least, banks have cut liquidity. Systematically banks accounts do not renew credit, trade credit and reduce grant no new funding. And, last but not least, many companies have been caught with investments that were planned for sales growth.
Here it is useless to the classical financial consulting. All sales estimated financial planning, investments to be made, NPV, IRR, Pay Back, etc.. look like a joke. It does little good investment analysis and cost of capital. The power was the financial director with the banks has been completely reversed. The directors of financial institutions no longer sell only recover unpaid.
At this juncture the question whether SMEs have something to do. Associates In Arriaga think it is, you can do a lot and there are many possibilities. His experience has proven so.
Today it is very important to understand that financial management is the management of war and survival. You have to manage finances ever capital (customers, suppliers, stocks, trade credit, etc.)..
We need to establish policies consistent service to customers with low levels of stock and payments in line with the possibilities of the company.
You must buy considering payment periods and the reduction of stocks, not just on costs.
Do not allow any bank that fails to renew a credit account and put in the dilemma of running. There is the possibility to offer credit accounts prestamizar, ie converting the loan credit accounts, leaving them little by little.
There are banks that refinance with long-term debt, including its extension, on pain of having to go into bankruptcy, bad for business but also bad for the bank.
Be original in the search for new sources of funding, cash advance by the endorsement of letters or notes, payable by endorsement letters or notes, by transferring credits.
In short, the solutions are many and not all will fit all companies. The financial solution is also a strategic solution and must be seen from one point of view of general management. Liquidity problems are problems of survival for SMEs.
Arriaga Associates has saved companies with serious problems of liquidity without seriously compromising the heritage of the employer using the solutions above and other very specific to each company.
Arriaga Associates can charge for services for results.
Jes√ļs Mar√≠a ¬†Ruiz de Arriaga
Lawyer, economist and consultant. Associate Director.