Interim Management

During periods of financial and operational turnaround or other management crisis, Greenwich Financial Group provides interim management at the senior executive level.  We typically fill the CEO/President, COO or CFO positions. All of our professionals have filled these roles numerous times, and in many industries. Our ability to occupy these positions and make strategic, unbiased decisions is a key asset during difficult situations.  Interim management is our strength.

Sometimes current management is faced with overwhelming issues and needs trusted outside advisors, interim management, to provide supportive analysis and decision-making skills to particular problems outside the day-to-day operations. In these cases, we can supplement management in dealing with extraordinary situations, freeing them to attend to day-to-day management of the ongoing operations.

Other times we are asked by key stakeholders to manage a successful exit. This may include divesting or closing down some of the business units. In these circumstances, understanding the time constraints faced by the company is critical, as is understanding the relative positions of all of the stakeholders. We have extensive experience as interim managers in obtaining the highest and fastest values to bring difficult situations to a conclusion.

Common situations where business owners or management may fill a position with interim management:

The company faces a crisis and the existing management team has limited experience in handling such matters while running the day to-day operations of the company.

A key executive has left and the time and expense of finding an immediate replacement proves too significant. The board of directors and/or equity sponsor has lost confidence in the existing management team. The company's creditors will not extend credit to the company under the existing management team. Family disputes over succession or management have paralyzed decision-making to the point of value destruction. The company is contemplating selling some or all of its business units, leading to the departure of key executives who may or may not have been of value to the sale. It is too costly or inappropriate to hire replacement(s).

Most company leaders are not experienced in crisis situations. The chaos associated with cash flow problems, customer issues, vendor problems, 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, Greenwich 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 unclouded 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, Greenwich Financial Group then helps the company hire replacement managers to ensure that the recovery can be sustained.
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Asset Recovery

Companies and lenders can find themselves in a position where assets need to be converted to cash - to fund current operations or for debt repayment. Greenwich Financial Group has the ability to provide expert guidance to lenders and company stakeholders with regard to converting assets to cash to repay debts on both a going concern and a break-up basis.

Our professionals can assess the working capital needs of companies and assist management in developing plans to shorten the cash cycle and maximize the cash flow.

Case Administration

	Financial Advisors to Debtors and Creditors Committees
	Court appointed receivers
	Lender / creditor expert witnesses
	Company interim management
	Investment bankers for 363 sales
	Shareholder or equity sponsor consultants

Our professionals have extensive experience in guiding companies through bankruptcy proceedings. We are able to assist in developing a feasible plan of reorganization, complete an orderly liquidation, or facilitate the sale of the company. We have relationships with law firms and investment bankers that allow us to bring more to the table than just basic financial management. At the same time, our ability to deal with uncertainty and chaos allows us to manage the financial aspects of the company with the expertise necessary to maximize cash to the estate - either for normal operations or repayment of creditors.
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Litigation Support

In addition, The Greenwich Financial Group provides litigation support services to law firms. We can also provide expert testimony by virtue of our specialized and extensive industry experience.

Bank & Creditor Negotiations

Debt Management Consulting services for business survival

	Lease restructuring and modification
	Past due payables reduction and settlement
	Lawsuit arbitration and settlement
	Loan modification and settlement
	Overdue accounts receivable collection
	Excess asset liquidation
	Personal guarantee settlement
	Referral to expert federal and state tax negotiations specialists

We assist you in staying in business or exiting the business, whichever you choose.
We are an Alternative to Bankruptcy.

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When companies experience problems, the symptoms of declining availability under bank lines of credit and associated cash flow tightening can also be associated with mounting creditor pressure for refinance and quick turnaround.

In such situations, a company's first need is to assess the situation in hand and immediately stabilize the situation. At the same time it is imperative that we identify root problems and establish a clear path of recovery. Having stabilized the situation and developed a plan for recovery, the next step is to present the recovery plan to interested parties - including the company's lender(s) and its other creditors - in order to obtain their support for the plan.

The professionals of Greenwich Financial Group are experienced in creating recovery plans which address the diverse needs of a company's stakeholders, and then negotiating with bank groups and creditors to enable the implementation of the plan. This approach preserves the ongoing value of the business. Our hands-on approach helps the company re-establish credibility with its key constituents and major funding sources.

Greenwich Financial Group understands both the needs of the company and the requirements of lenders. We are able to provide an outside opinion and calm approach to the negotiations which in turn result in a successful outcome for all parties.

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