Phoenix’s strategy for improving the performance of a company in transition is to address the underlying challenges confronting the business. Phoenix looks past the balance sheet to find practical solutions to improve profitability and enhance cash flow performance while developing and executing a turnaround plan on behalf of our clients.
A main benefit of Phoenix’s involvement is the swift addition of professionals with years of leadership experience to our clients’ management teams. Phoenix’s professionals provide the expertise required to affect the fundamental changes necessary to improve operating cash flow, such as:
- Reducing manufacturing bottlenecks
- Reducing manufacturing costs
- Improving logistics
- Negotiating more favorable sourcing arrangements
- Identifying and implementing alternative distribution channels
- Reducing sales, general and administrative costs
- Expanding sales and other revenue channels and activities
- Improving inventory turns
We operate as an extension of our client’s management team, providing constant guidance that allows our clients to more effectively manage their resources.
Phoenix enlists the support of our clients’ stakeholders by promoting open communication. We have a strong track record of developing credible financial and operational plans and achieving (and often surpassing) the initial goals and expectations of our engagements.
Our leadership of the turnaround process provides shareholders with the confidence that stated goals can be accomplished and that the value of our clients’ companies is maintained and enhanced.
For examples of our Turnaround Management work, please click here