What is an interim management company in finance?

What is an interim management company in finance?

18 September 2021 in Advice

A transition management company in finance is a firm that offers profiles of confirmed executives and managers for a fixed period with a view to carrying out transition missions as part of their transformation projects or for a replacement.

For example, an interim manager can enable a company in crisis to return to a healthy financial situation. A difficult economic context or poor financial management are two factors that can motivate organizational and structural changes. The new acquisition of a company can also be a factor of uncertainty and fragility pushing to recruit quality managers. This type of mission requires specific skills and extensive experience.

By calling on expert external profiles, the company benefits from a fresh perspective, tailor-made skills, precise know-how and guaranteed results. This culture of results is also at the heart of the means put in place by transition companies in finance, which recruit experienced and competent profiles throughout the finance and accounting department, in order to make them available to companies to fixed-term assignments.
Some focus on ensuring a replacement mission. Others are tasked with taking stock of the financial situation and the management of the company being supported, helping with decision-making and ensuring the successful completion of the project.
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