On 3.12. our founder and CEO, Anders Sjåstad, has held a presentation for SEB and it’s clients in a virtual meeting. Below you can find out what has been presented on the topic of Cash forecasting and obtain an insight into how we see the processes around it. Title slide Slide 1 Slide 2 Slide 3 Slide 4 Slide 5 Slide 6 Slide 7
The corporate strategy of smaller businesses is re-developed in the entrepreneur’s mind alone. Success in bigger organizations, on the other hand, comes from the combined efforts of many people. In order to ascertain that these people work cohesively towards the same goal comprehensive strategic plans are necessary. This involves preparing detailed action plans and entails well-developed control systems.
Management, particularly in growth companies, often have their sole focus on sales and accrued income. Tie-in of capital, whether the company has sufficient liquidity to meet its obligations on a running basis, and what capital release measures can be applied, does not come to focus before challenges are encountered.
Recently, media has increasingly reported of challenges experienced by small and medium enterprises (SME) to secure bank loans. Banks put the blame on increased capital demands and the macro economic climate. Irrespective of the underlying cause, access to borrowing for SMEs have lessened and the cost of debt increased during the last quarters.
Lack of liquidity damages the reputation of a business, reduces its competitiveness and can ultimately trigger bankruptcy. Yet many businesses have little or no focus on liquidity management until a situation of illiquidity arises. Management sole focus is often on controlling for and forecasting of sales and financial results, liquidity forecasting routines are typically less developed and get less attention if any.
Anders Sjaastad has been appointed Hospitality CFO of the Year 2018 – Northern Europe & Best Hotel Management & Development Company – Europe, by Acquisition International. See link
Two of our dedicated employees, Mina and Gregor, from BI Norwegian Business School, came on a strong third place in the 2018 global equity analyst final in Kuala Lumpur hosted by the CFA Institute Research Challenge. Read more about how Mina, Gregor and rest of the BI team won the regional EMEA equity analyst final in Dublin and secured the place as one of 5 student teams in the Global Final organized by the CFA Institute Research Challenge. With more than
Mimir Consulting is mentioned in an article published on Studentorget. I cannot stress enough what a privilege it has been to be allowed to mentor these brillliant students. Congratulations again guys on a well deserved place amongst the four best teams globally in this prestiguos competition. Link to article