Corporate transactions inevitably strain a company’s human resources. Often, employees who are already managing a full workload are assigned to support activities related to a transaction such as a merger, acquisition, or public offering. Equally concerning is that most employees have limited experience with such transactions. This scenario increases the already high inherent risk of transaction failure. Our team offers services to support transactions by providing dedicated and experienced staff to augment the clients’ own internal resources. This support allows transactions to proceed smoothly and without the common severe disruption to normal business operations.
Training services are generally customized to reflect a client’s unique industry and circumstances. In 2010, our practice developed two courses to train individuals in the CRA methodology and management of cost reductions. The courses are designed to particularly benefit large corporations interested in implementing a cost reduction initiative or for individuals whose job responsibilities include cost management.
For companies facing severe financial turmoil and hardship, our practice offers Turnaround Services, which is a more aggressive approach to cost reduction. These efforts typically include: Cash management and control Deep budget and personnel reductions Renegotiation of financial obligations with vendors and banks Bridge financing assistance Bankruptcy preparation (if necessary.) Turnaround services often involve tough choices and each of these may impact a company’s ability to operate and provide services to customers. It is critical that company management understand how their decisions will ripple throughout the organization and impact shareholders, employees, operations, and, perhaps most importantly, customers. Our team of professionals understands these challenges and is experienced in finding solutions for even the most difficult of circumstances.
Our Cost Management Practice is led by Mr. Duane Deason, CPA, and is best known for its development of Cost Reduction Analytics (CRA), a proprietary system for reducing costs and expenses without risk of disruption to normal operations. CRA has earned its reputation by consistently producing substantial and measurable cost savings without requiring reductions in headcount. For companies facing immediate and severe financial challenges, our practice offers more stringent turnaround services. Our fees are generally a percentage of the savings that clients experience. This fee structure properly aligns mutual interests and demonstrates confidence in our practice's ability to reduce costs.
Our practice has provided a variety of Financial Advisory Services ranging from interim CFO services to serving on the Board of Advisors of emerging businesses. Our extensive experience allows clients to receive immediate benefit from our involvement. Examples of Financial Advisory Services provided by our team include: Assistance with raising capital Business model development Financial systems implementation Policies and procedures development Cash management and forecasting Internal budgeting Vendor negotiations Our team customizes its fee structure for Financial Advisory Services based on client needs by offering fixed fee arrangements for clearly defined objectives and flexible hourly rates for circumstances where the full extent of the engagement is not yet known.