When companies are in turnaround or if they are being managed on a venture capital model, then 100% of the cash needs are managed on a 24/7 basis. This is so that only checks that are essential to the current operation of the company are paid, and additional cash needs coming up in the next week or month are anticipated with refiguring expenses or supplemental financing if necessary.
We use templates that track every necessary detail and aspect of an operation being managed under strict cash scarcity management. We know to anticipate upcoming difficulties, and take the steps necessary/possible to solve them.
We give assurance to the business owner and lender that they are resolving their difficulties and generate metrics to prove it. Call or write us.