Financial consulting can be used to analyse and improve a company's processes from a different perspective, which can be a decisive factor in its growth. Increasing a company's capacity for foresight and planning is one of the many benefits that financial consulting can offer.
Why is it important for my company to have expert consulting?
Numbers don't lie, and according to Spain's National Institute of Statistics (INE), almost a quarter of companies created in Spain do not survive their first twelve months, while around another 15% do not make it past the second year. Professional consulting can play a decisive role among the key factors to not only face the early stages of a company's journey with a greater chance of success, but also to be able to grow in the long term and achieve strategic objectives.
The power of foresight in the business world
A forward-looking strategy helps companies to:
- Identify potential problems and challenges early on.
- Be more flexible to market changes and adapt better to them.
- Develop an action plan that includes and responds to identified risks.
- Transform potential risks into potential business opportunities.
Having the right professional and specialised consulting is essential for a company to anticipate more efficiently when it comes to identifying and analysing potential risks. As part of its commitment to companies, Banco Sabadell's 360º Visit is a cornerstone of its relationship model.
During the visit, the Business Managers meet with the directors of each company to analyse how the organisation is evolving, how the past financial year went, what the expectations are for the next one and what future initiatives they plan to implement.
The 360° Visit should be a conversation to work together with the same objectives and to share:
- The company's reality and an analysis of its medium- and long-term financial and non-financial forecasts, such as its investment or protection plans, among others.
- The company's needs for future operations based on its projects.
- A common strategy to strengthen the relationship between the bank and the company.
The Business Manager will contact you at the beginning of the year to arrange the 360° Visit. Besides your Business Manager, you may be approached by other specialists, such as the International Business Manager or the Insurance Manager, for example.
The Business Director shares the 360° Vision document during these visits, which shows relevant and valuable information for the company and its sector. During the 360° Visit, they share which solutions can help the company manage its finances, investments and growth strategies, and provide services that help them make informed decisions. The aim is also to analyse how to tackle new challenges such as sustainability, where Banco Sabadell is a key driver in the move towards a more sustainable economy.
These solutions can help companies to:
- Optimise their cash flow management and payment and collection management, including financing their working capital and foreign trade or insurance to cover their client portfolio.
- Identify and manage financial risks or those associated with international trade by developing hedging strategies.
- Analyse opportunities in the financial markets by establishing investment and portfolio management strategies.
- Develop their business plans and growth strategies, advising and accompanying them in their expansion into new markets or new lines of business.
Banco Sabadell also supports growing companies with specialised financing operations, typical of middle market, either acting alone or in pool with other credit institutions.
Every company is a special case, which means that each one has a set of specific needs that must first be understood before they can be addressed. Banco Sabadell can provide a specialised and personalised advisory service to align with the objectives of each company and offer solutions that can turn each challenge into a business opportunity.
And as always, if you are a customer, you can access the Support area on BSOnline and find your manager's details and contact them whenever you need to.