In the continuation of operations during the proceedings, the company’s medium and long-term goals take a back seat and the focus is on active cash management. Our insolvency specialists are involved in the following key positions in the proceedings:
With the cash management we form the basis for the determination of the plan quota as well as any comparative calculations. In addition to our experience in proceedings of all sizes and in all industries, our clients benefit significantly from our flexibility and our goal of increasing the mass of the proceedings.
Reacting flexibly and always keeping the mass increase in mind – this is how we work in cash management
Insolvency-specific liquidity planning is the basis for many important decisions that have to be made at the very beginning of the proceedings. Based on the weekly target/actual comparison, the planning is permanently updated.
Control of purchasing and monitoring of ordering
The liquidity available in the proceedings is usually limited, so that orders have to be compared with the liquidity planning and checked with regard to their profitability. As there are also various insolvency-specific particularities to be taken into account, we implement our online order commitment tool OBES to make the ordering process transparent with all the necessary inputs and releases. Our online database ensures that all parties involved in the proceedings have access to the necessary information according to their role. This ensures an insight into the current orders, releases and expected payments at all times.
In addition to the control and release of the purchasing process, we take over the control of the payment transactions. Furthermore, the current liquidity planning and the OBES tool are decisive in the audit. We ensure that liquidity is used optimally within the framework of the proceedings and that payment transactions on the part of the company comply with the requirements specific to insolvency law and that time periods are delimited accordingly.
Our activities in the context of the insolvency proceedings support result in regular reporting adapted to the needs of the proceedings, which can be made available to various stakeholders. In addition to rolling liquidity planning and the comparison of planned/actual data, we regularly examine the scenarios of the proceedings. In addition, our activities form the basis for an insolvency plan to be drawn up.