HOW TO DEVELOP A FINANCIAL PLAN FOR SMES IN TIMES OF CRISIS. ARRIAGA ASSOCIATES, LAWYERS AND CONSULTANTS. FINANCIAL CONSULTING AND SPECIALIZED COMPANIES REFLOATING. ACROSS SPAIN. NOW ALSO IN ZARAGOZA. Reviewed by Momizat on .   HOW TO DEVELOP A FINANCIAL PLAN FOR SMES IN TIMES OF CRISIS. In this brief article we will define a very brief indication of our expertise in financing and re   HOW TO DEVELOP A FINANCIAL PLAN FOR SMES IN TIMES OF CRISIS. In this brief article we will define a very brief indication of our expertise in financing and re Rating: 0
Inicio » Blog Arriaga Asociados » HOW TO DEVELOP A FINANCIAL PLAN FOR SMES IN TIMES OF CRISIS. ARRIAGA ASSOCIATES, LAWYERS AND CONSULTANTS. FINANCIAL CONSULTING AND SPECIALIZED COMPANIES REFLOATING. ACROSS SPAIN. NOW ALSO IN ZARAGOZA.

HOW TO DEVELOP A FINANCIAL PLAN FOR SMES IN TIMES OF CRISIS. ARRIAGA ASSOCIATES, LAWYERS AND CONSULTANTS. FINANCIAL CONSULTING AND SPECIALIZED COMPANIES REFLOATING. ACROSS SPAIN. NOW ALSO IN ZARAGOZA.

triangulo

 

HOW TO DEVELOP A FINANCIAL PLAN FOR SMES IN TIMES OF CRISIS.

In this brief article we will define a very brief indication of our expertise in financing and refinancing companies in crisis or companies who have to live the crisis in their environment.

Living the crisis many companies because sales have declined. Sometimes the crisis stems from the defaults, arrears or bankruptcy proceedings of its customers. There are many cases that the problems come from the restriction of credit from financial institutions who do not wish to renew the credit accounts.

We also know of cases of companies that had invested in response to sales growth and now they can not repay the fund nor fund that was pending.

Any SME may be experiencing difficulties in one or more of the causes we have described. That means you can not plant a generic prescription, because the solution will depend on each company and each entrepreneur.

Therefore these guidelines should be tailored to each company according to your particular situation.

We always recommend a pension plan sales for the coming months or even years, even knowing the difficulty of forecasting and the enormous uncertainty and volatility in these times. Since we consider very important to carry out a planned operating accounts. But most important is to make pension balances. From pension balances can make cash flow forecasts, forecasts of how the cash flows for the company. As this analysis is a spreadsheet can easily see how all this affects the liquidity to the modification of any variable such as net sales, margins, payment periods, payment periods, stock level, investments, divestitures, return loans, new loans, renewals of credit accounts, etc..

With these spreadsheets will not get a reliable financial plan. Nothing is reliable at this time. But what we get is a tool that will allow us to simulate what can happen on a function of the variables with which we work and depending on how you are changed.

The employer, the financial managers and will then begin to focus on achieving the various goals that can save the company: reduce inventory, accounts renew loans, refinements, collection and payment periods, margins, sales, etc.

With this planning system we have not achieved everything. Neither will have achieved the objectives for the mere fact of having a simulation of the future. But it is the first to focus the management of finance, crucial for the survival of a company.

Then you have to establish internal negotiation strategies to achieve reduction in working capital financial investment without sacrificing profitability over the company. From there you can enter in negotiations with financial institutions to obtain financing that is desired. These financial planning tools help to demonstrate the ability to repay debt. This is absolutely critical that those financial institutions have already invested heavily in the company, because if the company promises will be willing to invest a little more to keep the money already invested.

Like Arriaga Associates we also have a insolvency division, we have sometimes mixed with an opportunity to call a meeting of creditors to ensure that the company needed financing.

If you are interested in recovering the lost funding, to increase financing or refinancing the debt to avoid insolvency call us at 902 090 381 or leave a message explaining in our section CONSULTATION ON LINE. Shortly we will contact you We are willing to work for goals. There are many situations negotiations successfully managed.

Jesús María Ruiz de Arriaga

Lawyer, economist and consultant. Expert in finance and bankruptcy law.

Acerca del Autor

triangulo
triangulo

Deje su comentario

triangulo

Subir