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This involved restructuring the former company, setting up the right platform, and securing the proper capital structure. Thryv was formed in a 2017 merger between Dex Media, a Yellow Pages publisher that restructured its debt in 2016, and YP Holdings, another Yellow Pages publisher. Rouse: Communication.
Communicating the rationale for restructuring can be sound simple, but is actually requiring more than just a mere meeting with the team. As a finance leader , it is important that topics such as restructuring is properly and effectively communicated to the people to ensure that the team is on the same page.
With a wealth of experience in senior finance roles across the UK and Europe, Paula has led teams through mergers, system implementations, restructuring, and high-pressure transitions. Now, as a fractional CFO, she supports businesses in financial restructuring, system optimization, and leadership development.
CFOs must lean on a systematic phased approach to restructuring strategies for the future to be able to plan correctly , and consequently execute and adapt. Phase 1 – The case for change In the initial phase, finance leaders must make a compelling case for change and communicate the strategic rationale behind the restructuring.
Communicating the Strategy with Consistency Recovering from financial difficulty is not only a technical process. Staff may feel anxious about job security, stakeholders may have lost confidence, and the broader business community may be sceptical about the company’s future. Communication must be clear, frequent, and meaningful.
In truth, integration is a long-term process that extends well beyond systems consolidation or organisational restructuring. Communication and Celebration Build Momentum The importance of communication during and after a merger cannot be overstated. Finance leaders must go beyond reporting figures.
Open lines of communication with relevant departments help ensure data accuracy and expedite the audit process by addressing potential concerns upfront. Ensuring Compliance with Evolving Standards and Regulations Private equity-backed companies often face heightened scrutiny due to rapid growth, acquisitions, or restructuring.
While legal and communications teams may lead initial responses, it is the CFO who must rebuild the financial and reputational foundations of the business. It is equally important to establish a cadence of transparent communication. Communicating regularly with internal teams is essential.
Twilio — Shares tumbled 16% after the cloud communications software maker issued a weaker-than-expected revenue forecast for the fourth quarter, despite an otherwise strong third-quarter report. Carvana said it’s seeking to decrease expenses given the macro backdrop, and declined to give a 2023 quantitative outlook. Source link.
Whether its adopting new technology, restructuring the organisation, updating processes, or shifting company culture, businesses must evolve to stay competitive. Communicate a Clear Vision One of the biggest reasons change fails is poor communication. However, change can be challenging. How to Manage Change Effectively 1.
Champion communications, culture and change management initiatives. Human Resources (HR): Manages talent retention, restructuring, and cultural alignment. Sales and Marketing: Aligns branding, customer communication, and positioning. Communication and Change Management Leaders Develop messaging strategies to ensure transparency.
By restructuring discovery meetings to start with vision-oriented questions that encourage ideal-self conversations, advisors can transform the planning process from a technical discussion into an inspiring and deeply meaningful personal journey.
In today’s fast-paced business environment, leadership transitions are often unavoidable due to unexpected departures, mergers, or restructuring initiatives. If not managed effectively, these transitions can introduce significant financial disruptions.
Discovery’s stock shed more than 7% after increasing its restructuring cost estimates by $1 billion. Verizon , AT&T — The communication technology stock added 1% after Morgan Stanely upgraded it to overweight from equal weight , saying its shares were attractive compared with historical levels.
Credibility Depends on How You Communicate One of the most valuable contributions a CFO can make to public perception is consistent, accurate, and honest communication. When they cut waste, restructure liabilities, or improve working capital, they are showing that the business is disciplined and resilient.
Whether it is poor post-close planning, misjudged synergy estimates, or ineffective communication across teams, failure tends to follow patterns. Talent Disruption and Culture Clash: Employee turnover, role confusion, and resistance to change often follow poorly communicated or poorly executed transitions. eBay and Skype (2005) – $2.6
With over three decades of experience across corporate banking, business rescue, and strategic financial management, Louis has become a trusted figure in the world of distressed business recovery and operational restructuring. The most rewarding is watching previously distressed companies thrive after successful turnarounds and restructuring.
Through the MCA refinancing process, repayments are typically restructured into a more flexible schedule, giving businesses the breathing room to cover other operational costs and grow. With our straightforward approach, we prioritize clarity and communication at every step.
Performance management is a range of practices which a company uses to measure its performance and communicate results. However, interpersonal and communication skills are equally important, especially today when we are witnessing a huge shift of the FP&A organization towards business partnership model.
FRP Corporate Finance has advised on the pre-pack sale of Truphone Limited, a global mobile communications company, to TP Global Operations Limited, in a transaction that saves around 450 jobs.
Choosing transaction services can be invaluable for businesses navigating complex financial events, whether they involve acquisitions, mergers, divestitures, or restructuring. The manager is the primary point of contact for clients, managing communication and addressing any questions or concerns. Why Choose Transaction Services?
He shared an example from his time at Shell when an earthquake in Turkey disrupted communication, making it impossible to check on employees. The plan assumed mobile networks would function, but the earthquake took down all communications. The key takeaway? Without a way to contact our staff, we were blindsided.
Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. The company was able to reach a deal with most of its lenders that afforded it another $450,000 to stay afloat during its restructuring. The bankruptcies so far this year include prominent old department store names such as J.C.
When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. Our last field restructure was several years ago, and our business has changed over that time,” the company said in a statement. “Our Well, they do if they’re Walmart anyway.
As part of the same restructuring, Uber’s marketing, communications and policy teams have all been compressed into a single department — in order to maintain a “unified narrative to consumers, partners, the press, and policymakers,” according to Khosrowshahi.
Melody is the president of Townsend Financial Planning, an RIA based in Lexington, KY, that oversees $112 million in assets under management for 160 client households.
The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added. She also cited regaining financial institutions’ confidence in the Group post-restructuring as another challenge. “This was addressed through the institution of daily cash monitoring and management.
If finance leaders will focus on activities that drive value, fostering a culture of cost consciousness, and communicating the rationale for restructuring, organisations can position themselves for long-term growth and create a more positive and resilient work environment.
He committed to transparency, face-to-face communication, and inclusive decision-making. Youve led teams through restructuring, regulation changes, and system upgrades. The key is clear communication. Were undergoing a major restructuring now to align with our new strategy. Leana: Thats amazing. That creates fear.
That is the reason why many finance and FP&A leaders are taking the steps to transform their functions: restructure processes, upgrade systems and tools, develop teams. The FP&A function not only participates in the decision-making process but ensures strategic alignment and drives change.
SK Telecom has restructured over the years to become a tech firm with its hands in mobile communication, media, security and commerce. Earlier this month, Uber announced it was partnering with the Korean firm SK Telecom to collaborate on a new venture as well as ride-hailing.
Oil and gas, infrastructure, mining, agriculture and agro-processing – especially of cocoa – and information and communications technology are among the sectors commanding attention, along with financial services and tourism.
Paytm, under One 97 Communications Ltd, reported its first-ever net income of 9.3 The fintech firm, facing stiff competition and regulatory setbacks, is refocusing on core areas like payments and loans after a workforce trim and restructured operations.
In his message about the new orientation of the company, Zuckerberg said he wanted to get the company to focus more on privacy in its communications instead of public sharing. Facebook also said it was going to restructure its product team, which it also did previously this year.
For example, one division of a tech company restructured its team approach with more intergenerational collaboration and had them create a team purpose. The mentor also benefits from a boost to their confidence and communication skills.
Over the last several years, the company has restructured and “transformed into a tech company with four core business areas,” the release said, listing those four areas as: Mobile Communications; Media (SK Broadband, Wavve, Dreamus Company); Security (ADT Caps, SK Infosec); and Commerce (11 Street, SK Stoa).
Its digital-first platform can adjust inventory, optimize communications and understand customer behavior in a way that no brick-and-mortar retailer ever could. This restructuring will also create a similar level of recurring annual cost savings that will help fuel the acceleration of our digital transformation.
The top five priorities were picked by at least four in five CFOs, and, except for communicating and engaging with the board, they all relate to redefining and remodelling the ways in which the finance function supports the business for the future, Gartner pointed out.
Solutions: Clear Communication and Comprehensive Policy Packages To navigate these challenges, corporate leaders must be aware of the policy recommendations provided by the IMF. Clear communication from central banks regarding their objectives and policy functions is crucial to avoid unnecessary uncertainty.
Some businesses will jump to expectations of having to right-size or restructure the business, generally reducing labor expense. There are, however, differences on how to look at labor when downturns occur.
Across sectors, health care has the highest percentage of money-losing companies , on every single metric, followed by materials and communication services, whereas utilities had the highest percentage of money makers.
While law enforcement limits the information we can share, we will communicate additional information as we are able.”. And, as it turns out, they aren’t the only firm that will have some new communication channels to open with their customers soon. And in non-breach news… Bank of America Merchants Services Restructure.
The balance sheet, income statement, cash flows and stockholder equity have traditionally communicated how — and how much — companies create value. These companies use annual environmental, social, and governance scorecard metrics and weighted modifiers to clearly communicate to stakeholders that executives must deliver on results.
Paytm is run by parent company One97 Communications. That restructuring would allow the new company to raise funds just for its eCommerce operations, reports said, and would likely serve as Alibaba’s entryway into India , with the company planning to launch a B2B commerce site in India within the year.
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