Interim & Crisis Management
Crisis Management
Whether it occurs gradually over time or because of a sudden event, a company can find itself in a crisis situation that may overwhelm current management and threaten the company's ongoing viability.
Malley & Franey Financial Group can help in these crisis situations. On short notice, we can dispatch an on-site team of professionals to determine the critical issues the company faces, get control of cash flow, recommend solutions, and work with management to stabilize the situation. Often, the use of our services frees up existing management to focus on the day-to-day business activities rather than chase cash flow and deal with creditors. Our consultants and their services help stabilize difficult situations and improve results. Once things are stabilized and pressures are reduced, Malley & Franey Financial Group works closely with management, creditors, and shareholders to develop and implement strategies to bring additional improvements to the company's business.
Interim Management
Most company executives lack experience in crisis situations. The chaos associated with cash flow problems, customer issues, vendor problems, lender defaults, etc. can be overwhelming. Whether management is experienced at operating a profitable business or is inexperienced at overall management, their ineffectiveness at dealing with a crisis may be making matters worse for the company. The multiple priorities and uncertainty coupled with new situations, makes troubled times difficult for most managers. Regardless of how a company gets into difficulty, Malley & Franey Financial Group can provide experienced professionals who can quickly guide the company to recovery. By assuming leadership roles within a troubled company by either replacing or guiding incumbent management, we are able to identify problems and implement solutions that might otherwise remain hidden from the company's management team. Our competence, sense of urgency and independent vision enables us to provide professional management and leadership at a time when it is needed most.
Once change is effected and the company is set on the path to recovery, Malley & Franey Financial Group then helps the company hire replacement managers to ensure that the recovery can be sustained.
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