Interim Management
The successful and sustainable management of a corporate crisis requires the consistent implementation of identified reorganisation measures. A distinction must be made between immediate measures to avoid the need to file for insolvency and medium and long-term interim management measures to restore profitability.

Examples of immediate measures:

• Sale of inventories and non-essential assets or business units
• Reduction of the expenditure/cost side
• Creation of transparency through liquidity planning and identification of liquidity requirements
• Deferral and extension of payment terms with creditors
• Negotiating short-term extensions of overdraft facilities or deferrals with lenders
• Realisation of alternative financing instruments, e.g. factoring or sale and leaseback

In order for refurbishment measures to be implemented successfully, they must fulfil certain requirements. These include a qualitative and quantitative description of the individual measures, the creation of a time and milestone plan and the definition of responsibilities. In addition, a steering committee and a project management office must be set up to monitor compliance with the implementation of the measures.

With its experienced interim managers, FalkenSteg helps you to consistently implement the reorganisation measures and thus ensure the long-term success of your company. In addition, an interim appointment increases the trust of stakeholders, which may have been lost. The interim function can be assumed both as a board member and as a general representative.