Contact

Treasury: help the CFO at once


Integral service around a transaction
BY : Diego GutiérrezJune Fri, 2013

public fundingNot long ago, in the context of negotiating the sale of an industrial company based in the Basque Country, I met with the president of a German multinational with production centres on five continents. When I explained to him the average collection period of the company being sold - a reasonably low 62 days - my interlocutor was astonished. With a certain irony he told me that he thought it was a question of buying an industrial company and not a finance company. Later he explained that when his clients asked him for financing, he would go with them to the window of his office from where they could see the headquarters of a large German bank.

It is clear that for this you have to have a product that allows you to set the rules of the game. The problem is that in our environment, even if we do have it, we don't. Let's face it, we are addicted to credit. Let's face it, we are addicted to credit, we have lived in a mega-excess of liquidity and now we are paying the consequences.

What I ask myself, given that a large part of the problems of Spanish SMEs - which are the ones that generate employment and, therefore, wealth - is the financing of working capital, is why something is not being done in fiscal policy.

It is clear that cleaning up the financial system can help, that the agreements with Germany to finance Spanish SMEs are welcome, that the law reducing the maximum payment period is other good news, but we must go to the table of the financial director of our SMEs and encourage them, because here we need a cultural change. I think that fiscal policy can be a good tool in the case of many companies: let's reward fiscally in the IS those companies that comply quickly with their payments, either through a reduction in the rate, deductions, the possibility of applying certain deductions, etc. Thus, in the equation for determining when to pay, not only will "the later the better" have an influence, but the tax advantages of prompt payment will make it more attractive to comply promptly. In this way, perhaps in passing, the eternal problem of uncollected VAT to be paid and not collected will also become less of a problem.

Guillermo Ibeas Alonso

ABRA INVEST
Web: www.abra-invest.com
Twitter: @abragia
The M&A Professionals

Meet our services

CONTACT US

MEET
OUR
METODOLOGY

Do you want to be up to date?

SUSCRIBE OUR NEWSLETTER

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
crossmenu