{"id":44093,"date":"2017-08-01T10:06:53","date_gmt":"2017-08-01T08:06:53","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/accelerated-working-capital-management\/"},"modified":"2017-08-01T10:06:53","modified_gmt":"2017-08-01T08:06:53","slug":"accelerated-working-capital-management-2","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/","title":{"rendered":"Accelerated Working Capital Management"},"content":{"rendered":"

Bene\u00addikt Fleig<\/strong> \u2014 Part\u00adner at ConLead Perfor\u00admance Mana\u00adger GmbH, Cologne<\/p>\n","protected":false},"excerpt":{"rendered":"

In the battle for finan\u00adcial resour\u00adces on the capi\u00adtal market, all compa\u00adnies are in compe\u00adti\u00adtion, regard\u00adless of the direct compe\u00adti\u00adtors in their indus\u00adtry. Compa\u00adnies with a low credit rating will also have to fear even more for their finan\u00adcing in the future. These compa\u00adnies gain more free\u00addom by opti\u00admi\u00adzing their working capi\u00adtal. Conver\u00adsely, the successful in the German economy can bene\u00adfit from this crisis. In search of \u201cgood\u201d risks, banks will lite\u00adrally push the loans on them.<\/strong><\/p>\n

What are the reasons that make an exter\u00adnal capi\u00adtal injec\u00adtion so diffi\u00adcult for German SMEs? \u2014 On the one hand, the basic idea is to \u201ccut off cross-subsi\u00addiza\u00adtion and calcu\u00adlate inte\u00adrest rates accor\u00adding to the actual level of credit default risk\u201d \u2014 this is certainly not wrong. Howe\u00adver, this has far-reaching conse\u00adquen\u00adces for medium-sized compa\u00adnies. Espe\u00adci\u00adally compa\u00adnies in indus\u00adtries with low equity ratios, such as the furni\u00adture sector<\/em>, the cons\u00adtruc\u00adtion<\/em> indus\u00adtry or the trans\u00adport indus\u00adtry<\/em>, are signi\u00adfi\u00adcantly disad\u00advan\u00adta\u00adged by this to borrow capi\u00adtal at favorable rates, although inte\u00adrest rates are at a histo\u00adri\u00adcally low level. In addi\u00adtion, banks are under pres\u00adsure to build up their own equity cover, so that even compa\u00adnies in suppo\u00adsedly safe sectors without abso\u00adlute top credit ratings cannot take advan\u00adtage of the current top condi\u00adti\u00adons. Howe\u00adver, compa\u00adnies control\u00adled by private equity may also find it diffi\u00adcult to conti\u00adnue to obtain the usual good terms in upco\u00adming finan\u00adcing rounds due to the current changes.<\/p>\n

Raising capi\u00adtal on foreign markets or in the respec\u00adtive target coun\u00adtry of expan\u00adsion is even more diffi\u00adcult than obtai\u00adning finan\u00adcing on the dome\u00adstic market. As a rule, invest\u00adments are scru\u00adti\u00adni\u00adzed even more criti\u00adcally than is alre\u00adady the case. Thus, the target direc\u00adtion for many medium-sized compa\u00adnies, but also for large compa\u00adnies, is marked out. Accor\u00adding to KfW, inter\u00adnal finan\u00adcing is the most popu\u00adlar source of funds for small and medium-sized enter\u00adpri\u00adses. As a rule, this is reali\u00adzed from retai\u00adned earnings or from share\u00adhol\u00adders\u2019 funds. It is the most \u201cexpen\u00adsive\u201d type of finan\u00adcing. At the same time, many entre\u00adpre\u00adneurs unde\u00adre\u00adsti\u00admate the poten\u00adtial from opti\u00admi\u00adzing working capi\u00adtal. Through targe\u00adted manage\u00adment of working capi\u00adtal, accounts paya\u00adble, accounts receiva\u00adble and invent\u00adories can be opti\u00admi\u00adzed, ther\u00adeby gene\u00adra\u00adting free liqui\u00addity that is available for expan\u00adsion projects or simply to safe\u00adguard the opera\u00adting business.<\/p>\n","protected":false},"featured_media":41465,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2550,2566],"product_tag":[2377,2387,2393,2402,2409,2415,2421,2425],"class_list":{"0":"post-44093","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2015","8":"product_cat-benedict-fleig","9":"product_tag-fleig-en","10":"product_tag-benedict","11":"product_tag-financial-resources","12":"product_tag-working-capital-en","13":"product_tag-capital-injection","14":"product_tag-middle-class","15":"product_tag-financing-rounds","16":"product_tag-expansion-projects","17":"pa_sprache-english-3","18":"pa_sprache-german","20":"first","21":"outofstock","22":"taxable","23":"shipping-taxable","24":"purchasable","25":"product-type-variable"},"yoast_head":"\nAccelerated Working Capital Management - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accelerated Working Capital Management - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"In the battle for financial resources on the capital market, all companies are in competition, regardless of the direct competitors in their industry. Companies with a low credit rating will also have to fear even more for their financing in the future. These companies gain more freedom by optimizing their working capital. Conversely, the successful in the German economy can benefit from this crisis. In search of "good" risks, banks will literally push the loans on them. What are the reasons that make an external capital injection so difficult for German SMEs? - On the one hand, the basic idea is to "cut off cross-subsidization and calculate interest rates according to the actual level of credit default risk" - this is certainly not wrong. However, this has far-reaching consequences for medium-sized companies. Especially companies in industries with low equity ratios, such as the furniture sector, the construction industry or the transport industry, are significantly disadvantaged by this to borrow capital at favorable rates, although interest rates are at a historically low level. In addition, banks are under pressure to build up their own equity cover, so that even companies in supposedly safe sectors without absolute top credit ratings cannot take advantage of the current top conditions. However, companies controlled by private equity may also find it difficult to continue to obtain the usual good terms in upcoming financing rounds due to the current changes. Raising capital on foreign markets or in the respective target country of expansion is even more difficult than obtaining financing on the domestic market. As a rule, investments are scrutinized even more critically than is already the case. Thus, the target direction for many medium-sized companies, but also for large companies, is marked out. According to KfW, internal financing is the most popular source of funds for small and medium-sized enterprises. As a rule, this is realized from retained earnings or from shareholders' funds. It is the most "expensive" type of financing. At the same time, many entrepreneurs underestimate the potential from optimizing working capital. Through targeted management of working capital, accounts payable, accounts receivable and inventories can be optimized, thereby generating free liquidity that is available for expansion projects or simply to safeguard the operating business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Fleig.png\" \/>\n\t<meta property=\"og:image:width\" content=\"334\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/\",\"url\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/\",\"name\":\"Accelerated Working Capital Management - FYB Financial Yearbook\",\"isPartOf\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Fleig.png\",\"datePublished\":\"2017-08-01T08:06:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/#primaryimage\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Fleig.png\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Fleig.png\",\"width\":334,\"height\":298},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fyb.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FYB Shop\",\"item\":\"https:\/\/www.fyb.de\/en\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Accelerated Working Capital Management\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fyb.de\/en\/#website\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"name\":\"FYB Financial Yearbook\",\"description\":\"For Your Business\",\"publisher\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fyb.de\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\",\"name\":\"FYB Financial Yearbook\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"caption\":\"FYB Financial Yearbook\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Accelerated Working Capital Management - FYB Financial Yearbook","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fyb.de\/en\/produkt\/accelerated-working-capital-management-2\/","og_locale":"en_US","og_type":"article","og_title":"Accelerated Working Capital Management - FYB Financial Yearbook","og_description":"In the battle for financial resources on the capital market, all companies are in competition, regardless of the direct competitors in their industry. 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