Profit Improvement Corporate Renewal Companies whose profitability and/or cash flow have deteriorated have special needs. While each situation is different, there are a number of elements that need to be part of the solution. When times are tough and things appear to be at their worst, a rare opportunity presents itself. With quick, experienced and decisive action, troubled companies can often be skillfully led through changes that not only solve the present problems but also provide the foundation for growth and success for years to come. This is not a time for guesswork or inexperience. Mistakes at this point can lead to the death of the enterprise. Special skills and experience are needed. Skills and knowledge that Excel possesses as a result of both experience and association. Excel is an active member of the Tri-State Association for Corporate Renewal (TACR) and has an excellent relationship with each of the major local lenders. One of the first priorities of a turnaround is to assess the accuracy and dependability of the accounting system. Review of cash flow and understanding the cash cycle are also a top priority. A break-even analysis and review of any available budgeting or forecasting tools completes the initial financial assessment. But that is only the beginning. A turnaround requires a swift review of all aspects of the business. Within manufacturing, a review of inventory, shrinkage, and resource planning are three of the seven areas targeted for review by Excel. The sales review includes pricing, credit and collections, plus six other areas. MIS, Finance and even general management are also part of Excel's company assessment process. The goal of a turnaround is to get the company back on its feet, continuing to service its customers, saving jobs for its employees, honoring commitments to its lenders and suppliers, and building value for its owners. A turnaround is complete when the improvements are part of the ongoing operation of the company and the company's key stakeholders are confident and excited about its future. The worst mistake a company can make is to put off getting the help it needs until it is too late to do any good. The more quickly help is summoned, the better and faster will be the company's return to success. Each day's delay in getting help causes more damage to your customer relationships and your company's future.

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