Business Turnaround
Business Turnaround is a comprehensive and strategic service offered by Fern Advisory to revitalise struggling businesses, address financial distress, and reposition them for sustainable growth.
This service offering involves implementing specialised strategies and operational changes to transform the trajectory of a business facing challenges.
Typical services include:
Part-time and/or Virtual CFO Services
a. Offering flexible CFO services, part-time or virtually, providing strategic financial guidance without the need for a full-time in-house CFO.
b. Managing the entire finance department and related activities.
c. Enhancing client business understanding, improving value from finance transformation or other advisory initiatives.
Financial Planning and Analysis
Developing and implementing financial plans, forecasts, and budgets to ensure quality decision-making that supports business objectives, growth, and profitability.
Process and Policy Streamlining
Identifying inefficiencies and optimising financial processes and internal controls to improve overall efficiency and accuracy, and reduce manual workload.
Organisational Structure Redesign
Optimisation of the finance service delivery model and ensuring employees are enabled to execute the finance strategy.
Technology Integration
Incorporating innovative financial technologies, data analytics, and automation solutions to enhance operational capabilities and accuracy.
Expert Financial Decision-making
Providing specialised expertise to assist clients in making informed financial decisions aligned with their business objectives.
Mergers and Acquisitions Support
Offering advisory services during M&A transactions, including valuations, due diligence, financial analysis, financial structuring, and strategic guidance to support informed decision-making.
Capital Raising
Designed to assist businesses in securing funds for various purposes, such as expansion, projects, or working capital.
Financial Policy Development
Assisting in the development and implementation of financial policies that align with industry best practices.
Credit and Other Risk Mitigation Strategies
Developing and implementing strategies, policies, and processes to mitigate credit and other financial risks, ensuring compliance and minimising exposure to potential problems.
Customised Solutions
Offering tailored solutions for finance and accounting challenges, including financial structuring, accounting policy development, financial reporting improvements, and compliance with accounting standards.
Fraud Detection and Investigation
Identifying and investigating instances of fraudulent activities, including misappropriation of assets, financial statement fraud, and other deceptive practices.
Our Business Turnaround service offering is a dynamic and strategic process aimed at not only addressing immediate financial challenges but also establishing a foundation for sustained growth and success.
It requires a multi-faceted approach that combines financial, operational, and organisational restructuring to transform the business’s overall performance and ensure its sustainability in the long term.