Our Recovery Services consulting professionals, many of whom have operations and finance backgrounds, assist the senior managers of underperforming companies in identifying and resolving issues affecting financial performance. We do this by conducting in-depth reviews of operations and working with industry specialists to examine all business lines. We then assess the viability of the business and the industry, develop and implement capital and operations improvement programs, develop or review operational and strategic business plans, and develop strategies for a turnaround. Sometimes the problem sources are controllable, such as cash flow deficiencies, the inability to track profitability, an inefficient expense structure or weak internal systems.

In these cases, our practitioners can help by:

• Developing and monitoring daily and weekly cash flow projections/analyses
• Measuring enterprise or product profitability
• Developing models and analyses to document expense structures
• Assessing systems environments for adequacy and usefulness

In other cases, the problems cannot be controlled, such as lower than expected sales, significant employee turnover or lender-imposed restrictions. In these cases, we can help by:

• Assisting management in developing strategies to exit businesses
• Filling gaps resulting from employee turnover, particularly as they relate to finance and accounting
• Communicating directly with lenders to resolve concerns