RIPCORD™

RIPcord™ (Rapid Implementation Program of Core Operating Directives) is the process GCP employs to quickly assess a situation, identify opportunities and formulate strategies to bring about the desired outcome of the restructuring process. From this assessment, GCP will assist Management in implementing the restructuring initiatives that will bring about impactful and immediate improvement. The RIPcord™ process can vary from a few weeks to months, depending upon the size of the business and the complexities surrounding the restructuring requirements.

GCP’s Management Services staff includes seasoned executives with senior leadership experience as CEOs, CFOs, Operating Presidents and Professional Coaches. This allows for minimal ramp-up time and familiarity with most situations. Collectively, the restructuring team at GCP has been involved in over 50 operational and financial turnarounds and crisis situations. GCP tailors the RIPcord™ process to each client’s individual situation but utilizes the basic tenants as described below. The objectives of RIPcord™ are to:

  • Bring stability to the organization
  • Improve liquidity
  • Increased cash flow
  • EBITDA Improvement
  • Position the business for long term sustainability and success

Phase I: (3-5 Weeks)
GCP RIPcord™ – Top to bottom check up of:

  • Business plan
  • Business analytics including competitive benchmarking
  • Detailed functional review of each area of business
    • Engage management
    • Review current initiatives
    • Identify opportunities
    • Develop business case
  • Results in:
  • Management’s consensus
  • Actionable recommendations
    • Quick Hits
    • Mid to long term
  • Plan for each mission critical part of business
  • Path forward by area and by month for execution

Phase II: (6-12 Weeks)
Implement Quick Hits/Develop Longer Term Plans

  • Quick Hits
    • Immediate action
    • Early success
  • Mid range initiatives
  • Deep analysis
  • Engage management
  • Develop:
    • Charters
    • Owners
    • Detailed plans
    • Cash flows
    • Reporting mechanisms

Phase III: (3-6 Months)
Full Implementation

  • Support or supplement management’s implementation of plan
  • Instill management process and culture of execution and change
  • Engage entire corporation
  • Achieve Results
    • Increased cash flow
    • Improved cost position
    • Improved EBITDA
    • Lower debt
  • Transform the business
    • Strategy development
    • Reposition for future success