Executive Mentoring
This short-term, fixed-fee program teaches managers to focus on tools that enable them to manage businesses proactively and improve financial performance.
Executive Mentoring benefits the:
- equity group concerned about a struggling company currently in its portfolio or a new acquisition to establish best practices.
- lender who needs assurance from a potentially struggling customer in exchange for allowing an over-advance, increasing advance rates or overlooking a tripped covenant.
- CEO who seeks to reassure potentially disappointed stakeholders while providing valuable training for managers.
Executive Mentoring identifies and implements strong cash management protocols, while enhancing finance as a key management tool:
- 13-week detailed cash flow model
- Current financial reporting, and borrowing-base reports
- A/R Aging: annual sales by customer, collection efforts, ineligibles improvement
- Sales tracking by customer, contribution by customer, contribution by product, pricing opportunities
- A/P Aging: annual purchases by vendor, concentration, managing terms, competitive pricing
- Inventory Turnover: purchase quantities, usage patterns, cost of capital, obsolescence
- Detailed payroll analysis including OT, benefits, commissions
- Budgeting and forecasting
- Operational yield management
Questions about our Executive Mentoring program? Contact Larry Hennessy.
What We Do
"Michael and Steven were able to successfully stabilize and rehabilitate Cosmolab Inc."
