Freewill Solutions announced the significant expansion of its Management Consulting Services that are specifically tailored for the current business environment.
The aim is to help Thai companies to navigate successfully through the current recession by addressing short-term cost savings potential, while maintaining the client's long-term competitiveness.
"In the past couple of months we have strongly focused on building the capability to quickly assess a client's business in relation to major cost drivers", stated David B. Aldridge, COO of Freewill. "We aim to identify pragmatic improvements in clients' organizations that can be implemented fast and at reasonable costs to move our clients in to a better cash position".
Most services target optimization of current assets. One example, for instance, is to reduce costs of external vendors with a systematic analysis of spending data and benchmarking of the procurement process against best practices. Similarly, for companies that deal with a large number of creditors, a structured review of all aspects of the revenue cycle with the aim to reduce average collection time may help optimize working capital for better flexibility in crisis times.
Other Freewill services that are customized for the current environment focus on improving the transparency for top management by providing insight into major business value drivers. This is done with a combination of technology and process changes. "Cash is king and cash is needed fast in the current environment", asserted David. "We don't have much time to lose for our clients - therefore, we try to structure our services in a way that the benefits can be seen after just a couple of months. Large long-term investment projects may not be palatable in the current economic environment. It's the time of pragmatic solutions with some creativity to turn the crisis into an opportunity ".
Freewill Solutions team for the new services has a wide and extensive range of project experience in Thailand as well as overseas. Most of them have worked for large global consulting houses prior to joining Freewill.
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