Turnaround Management

Turnaround Management is a change-management process intended to assist businesses experiencing difficulty (distressed companies) in achieving their bottom-line objectives. The skills to assess and the effort necessary to restructure and refocus an organization thereby returning it to a position of prosperity are the greatest values in the Turn-Around specialist’s arsenal. The specialist’s contribution includes making balanced decisions and restoring order while operating in the eye of the storm. He is the ideal partner for negotiating and working with your creditors, concerned employees, wary customers and a nervous board of directors. Yet another under-estimated value of hiring a Turn-Around specialist is to ensure “the process of turning around” is taken to its appropriate conclusion. The Turn-Around specialist will ensure that the process is executed until the company is in “safe waters” with a clearly identifiable recovery plan.

Corporate Financial Solutions’ team is trained to recognize the root cause of the problems typically found in the culture and organizational structure of companies in distress, and to identify solutions necessary to address them. The primary objective in our turn-around process is to develop financial solutions that enhance the organization’s operational executive management and control. The fact that the Turn-Around specialist approaches a company with “a fresh eye” creates an environment of complete objectivity. This is possible because the Turn-Around manager has no agenda or other obligation to bias the decision-making process, allowing him or her to take the sometimes unpopular steps needed for survival.