Cash Management
The difficulties associated with managing daily cash requirements for underperforming businesses can be daunting. Rarely is there sufficient operating cash flow available to support the demands of all parties, and the clients’ management teams typically do not have the resources to identify additional sources of cash while also managing day-to-day business operations.
Phoenix quickly identifies the business priorities and rationalizes and prioritizes the order of our clients’ cash needs. We not only assist our clients with developing and presenting realistic cash forecasts, we are also frequently engaged to assist with day-to-day cash management challenges as well.
Phoenix has extensive experience managing cash, forecasting short and intermediate term cash availability, negotiating with suppliers, customers and creditors, generating critical availability from secured lenders, and maintaining communication with all our clients’ constituents. Our cash management efforts typically include:
- Prioritizing vendor payments and negotiation of payment plans
- Managing communication with vendors, attorneys and collection agencies
- Structuring extended terms and increased credit limits with vendors
- Finding new sources of working capital financing
- Negotiating with customers to accelerate and restructure payment terms
Our ability to assist an underperforming business during this critical time allows the client’s management team to focus their efforts on what they know best – managing their business – while the Phoenix team continues to implement change and cement a stronger business foundation. Overall, our involvement helps maintain and enhance the value of our clients’ businesses.
Cash Management services are available to both underperforming companies, as well as firms that desire insight into ways to improve and enhance their company’s value.
For examples of our Cash Management work, please click here
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