We Can Make Your Business Perform the Way You Want It to Perform

NEW YORK CREDIT can help your business overcome a temporary or ongoing crisis through our comprehensive turnaround management service. Time is of the essence for any business experiencing performance problems, and only prompt implementation of the necessary corrective actions will provide your business with optimal results. NEW YORK CREDIT expedites the process by first identifying specific problems, then developing a plan of action, offering practical financial solutions and finally implementing corrective measures in order to eliminate financial challenges and preserve the equity in your business.

What is Turnaround Management?

NEW YORK CREDIT serves your business by temporarily stepping into various management roles with the aim of leading your company back to financial health. We can temporarily take over the role of your:

• Credit Department Manager
• Finance Director
• (Interim) Chief Financial Officer
• (Interim) CEO
• Chief Turnaround Officer
• Chief Restructuring Officer
• Receiver

ASSESSMENT

NEW YORK CREDIT gathers and assesses critical financial, market, operational and managerial information to diagnose your company’s fundamental problems.  Information gathering could involve assessment of any (or all) of the following:

• Financial Statements
• Management Reports
• Business Drivers
• Market assessment
• Management Assessment

PERFORMANCE IMPROVEMENT ACTION PLAN

NEW YORK CREDIT’s turnaround management specialist develops and prepares any (or all) of the following management tools as part of its action plan for your business:

• Short-term Cash Budgets
• Cost Reduction Strategies/Outsourcing
• Cash Flow Assessment/Optimization
• Tactical Business Plan
• Restructuring Plan
• Management Report
• Financial projection
• Strategic Business Plan

PRACTICAL FINANCIAL SOLUTIONS

NEW YORK CREDIT will then implement our practical financial solutions to the core financial problems of your business. The range of services NEW YORK CREDIT offers includes:

• Accounts Receivable Management, including credit checking and collection calls
• Inventory Disposition
• Debt Restructuring
• Debt Refinancing
• Alternative Debt Analysis
• Trade Creditor Negotiations/Restructurings
• Equity Financing
• Alliances & Joint Ventures
• Business Valuations
• Sales & Divestitures
• Mergers & Acquisitions
• Bankruptcy Restructurings