What is it ?

A multi-disciplinary group whose goal is to ensure cash maintenance, support the renegotiation of existing contracts/agreements, and review standards, policies and rules for fund disbursements. This management tool helps create an austere spending culture.

For whom ?

For companies that may or may not be under cash pressure and need to create and disseminate a cash preservation culture.

Macro Steps

- Define the Committee scope of action
- Prepare the bases (daily cash flow, purchase orders/requisitions, accounts payable and receivable)
- Define who will be on the Committee (multi-disciplinary group) and how often it will meet
- Send memo to the entire company informing of the start of Committee activities
- Kick off the Committee
- Companies pressured for cash: focus on prioritizing payments and renegotiating with suppliers to make sure it has enough working capital to operate
- Companies not pressured for cash: focus on the period prior to contracting, addressing purchase orders/requisitions and reviewing disbursement standards, policies and rules to avoid expenses that do not add value to the business

Deliverables

- Cash flow aligned with the company's needs
- Disciplined purchasing/investment processes
- Increased value creation for the business

SERVICES

OPERATIONAL AND FINANCIAL RESTRUCTURING SERVICES

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