Business turnaround strategies are in increased demand due to the global economic downturn. DBP advisors can assist clients facing strategic management challenges often associated with the global economy. Under Romanian Law, turnaround may be achieved either by extra judicial procedures, often by negotiating and reaching an agreement with various creditors, lenders, by restructuring budgetary claims and so on.
A company turnaround consultant corrects business losses, bad debt structures, cash shortfalls, and other factors that have put the business into its cash crisis. Crisis management is very much different from normal business management. A turnaround consultant will prioritize your cash flow management, work with your lenders, and do what is needed to get your business back on track – and poised for new growth.
Our team is often called to support companies facing challenges and more specifically financial distress to achieve yet again healthy cash flow and turn the company back on track.