Chief Restructuring Officer
We Help Organizations Overcome
Financial Challenges & Return to Profitability.
Our team of financial restructuring experts develop and implement restructuring plans to help businesses transform their operations and navigate challenging situations.
Today’s economy isn’t an easy one to do business in. Inflation, worker strikes, supplier issues, instability and rising interest rates are just a few challenges that are wreaking havoc on the financial outlook of organizations across the nation.
When profits are decreasing and the possibility of defaulting is too close for comfort, a chief restructuring officer can offer strategic assistance that can bring your organization back from the brink.
A Chief Restructuring Officer (CRO) offers an expert, outside and unbiased opinion that can help put your business back on the right track.
Our team of financial restructuring experts dig into your organization’s essential services and develop a plan to help your business escape potential forbearance and come back out on top.
Our team of CPAs and organizational restructuring experts guides you through what can be a challenging and emotional process, helping to bring you peace of mind and clarity.
We begin by conducting a comprehensive assessment of your organization’s financial health, meeting with key stakeholders and analyzing your financial data. From there, we develop a strategic plan that includes model financial scenarios, cost-cutting suggestions, negotiations and operational improvements – always keeping legal compliance and reporting top of mind. Together, we monitor and adapt the plan as needed, on the way to stabilizing your organization for the future.
Our Chief Restructuring Officers work closely with clients to ensure that your business not only survives but thrives, helping you come out stronger than ever before.
When Does it Make Sense to Bring in a Chief Restructuring Officer (CRO)?
Financial distress.
If your nonprofit or business is experiencing declining revenues, mounting debt, or cash flow problems, a CRO can help to stabilize the situation and implement a plan to turn the tide around.
Operational challenges.
If your organization is facing significant operational challenges, such as inefficient processes, outdated technology, or a lack of strategic direction, bringing in the CRO team at Maner can help to identify and address these issues to improve efficiency and profitability.
Merger or acquisition.
If a merger or acquisition may be on the horizon, our CRO experts can help to manage the integration process and ensure you’re positioned for long-term success.
Bankruptcy or insolvency.
If your organization is facing bankruptcy or insolvency, the skills of a CRO can help to guide you through the restructuring process and develop a plan to emerge from the situation stronger and more viable.
What Are Some of the Key Responsibilities of a CRO?
Financial Assessment: As CROs, we assess the business’s financial situation, including debts, assets, cash flow, and overall financial health.
Developing a Turnaround Plan: Based on our assessment, we will work closely with you to develop a turnaround plan. This plan may include refinancing strategies and operational improvements.
Communications: Effective communication is essential to maintain trust and support during a challenging period, as your CRO, we will do everything to make sure key stakeholders are communicated with.
Exit Strategy: As CROs, we aim to guide the organization toward a successful turnaround. This may involve transitioning the company back to its original management or facilitating a sale or merger.
Why Work With a CPA Firm to Provide Your Business With CRO Guidance?
Leveraging the expertise of a CPA, like the team at Maner Costerisan, to act as your Chief Restructuring Officer can be especially valuable when your organization is facing financial distress, needs to navigate a complex bankruptcy process, or seeks to enhance its financial operations.
The financial acumen and expertise of a trusted CPA can help steer your organization toward a more stable and prosperous future while ensuring your company remains compliant and accountable throughout the restructuring process.
At Maner, our team of financial restructuring experts have extensive experience in finance, restructuring, and business management. We are prepared to tackle complex situations and help businesses come out on top, stronger than ever before. Our main goal is to help businesses navigate through tough times and restore financial health and stability to the organization.
Additionally, CPAs can offer:
Services
Business Tax Services
Strategic Planning
CFO Advisory Services
Data Analytics
Financial Statement & Audit Preparation
Whatever your goal, you can count on our tax experts to design innovative tax strategies that optimize your business’ tax position.
Our team of experts asks tough questions, outlining opportunities and risks and flagging potential challenges. As a result, we can help your organization craft a detailed long-term plan that’s clear, concise, and achieves your goal.
Any size business now has access to CFO insight, data, expertise and guidance.
Businesses need data to drive them, not overwhelm them. Beyond knowing what to measure, Maner Costerisan understands where to look for the stories hiding in the numbers and provides valuable visual reporting mechanisms to tell those stories.
Bringing deep technical and compliance knowledge to make sure every job is set up for success.
Business Tax Services
Whatever your goal, you can count on our tax experts to design innovative tax strategies that optimize your business’ tax position.
Strategic Planning
Our team of experts asks tough questions, outlining opportunities and risks and flagging potential challenges. As a result, we can help your organization craft a detailed long-term plan that’s clear, concise, and achieves your goal.
CFO Advisory Services
Any size business now has access to CFO insight, data, expertise and guidance.
Data Analytics
Businesses need data to drive them, not overwhelm them. Beyond knowing what to measure, Maner Costerisan understands where to look for the stories hiding in the numbers and provides valuable visual reporting mechanisms to tell those stories.
Financial Statement & Audit Preparation
Bringing deep technical and compliance knowledge to make sure every job is set up for success.