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Subject Expert
A business is basically failing and you need to redirect their cash flows to keep them swimming until they turn it around. Every engagement should be similar, business is losing money and could go into bankruptcy and you help them through the process debtor/creditor side is different tho
thanks!
Mentor
13-week cash flows, and in some instances you have PPMD types who get instilled has a CRO or similar officer position for a period of time at the failing company to help turn it around.
Mentor
So I’m not a Rx consultant so definitely don’t hold me too much to it. But it’s generally an inflow/outflow exercise, sniffing out discretionary vs critical business expenditures, AR/AP, evaluating process/governance, etc. and yes used as a base for debt restructuring convos.