To improve the liquidity and solvency of the enterprise, it is necessary to take measures to increase profits, reduce the cost of tangible assets and receivables, as well as optimize the capital structure of the enterprise.
Instructions
Step 1
Create your own efficient enterprise resource management system to optimize production. To do this, correctly redistribute the working capital of the enterprise. This will help increase liquidity and reduce the amount of illiquid inventories.
Step 2
Analyze the assets of a business to lower its receivables. In addition, in order to achieve an increase in the efficiency of financial and economic activities, it is necessary to plan all financial activities and monitor the implementation of financial plans.
Step 3
Use the financial stabilization mechanism, which is a system of measures aimed at reducing financial liabilities, as well as increasing the monetary assets that secure these liabilities. To do this, reduce the amount of fixed costs (including expenses for the maintenance of management personnel), lower the level of conditionally variable costs, and extend the terms of accounts payable on commodity transactions.
Step 4
Increase the amount of monetary assets by refinancing receivables (using factoring, forfeiting, enforced collection), accelerate its turnover (by shortening the terms of a commercial loan). Carry out the optimization of inventories by setting standards for the stocks of the enterprise by the method of technical and economic calculations. Reduce insurance, warranty and seasonal stocks.
Step 5
Achieve an increase in sales, profit margins and profitability levels by intensively using your company's current assets. Focus your efforts on improving staff productivity. Strive to expand the sales market for products (goods). Conduct a competent advertising campaign and attract as many large investors and lenders as possible.
