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Romanian Cos Must Raise Liquidity To Survive Crisis – Consultants

Romania’s companies must increase their funds, so that they might be able to deal with the current economic crisis, through reducing inventories, collecting debts and increasing the payment period towards suppliers, Aniko Somodi, consultant within Horvath&Partners, said Tuesday.
Bogdan NeaguIuliana Enache
31 mart. 2009, 18:24, Economic

The liquidity is very important in a company, she said, and a good management of the cash-flow may solve many of the problems. The companies must analyze their potential and make more rigorous plans, Somodi said during the seminar „Mediafax Talks about Business Solutions to Crisis”.

„If the company does not make a 6-month plan in advance estimating the money that must enter the company’s budget and when, it might face liquidity problems,” she added.

On long-term, a company must analyze its sale activities, suppliers and payment deadlines, in order to avoid problems, Somodi stated.

Gabriela Popa, a manager in Ensight Management Consulting, said that a company must monitor and control the salary costs, so that they would frame into its budget and find opportunities to optimize them.

Controlling the salary costs might bring benefits to the companies through reducing costs and limiting or eliminating the fiscal exposure.