This year for the month of march in our country the insolvency proceedings began 230 companies. From 1 may day in Lithuania came into force of the Enterprise bankruptcy law changes, which should reduce the bankruptcy administration costs. Does this mean that the country will continue to rise in bankruptcy of enterprises, the number and what it says to the Lithuanian business "health"?
Favourable amendments to the law
From 1 may the date of the administration of an estimate of the costs should be mounted according to the Government-approved bankruptcy administration costs guidance values. These values are determined on the basis of the law referred to in the company to define the criteria: company size, type of activity, bankruptcy proceedings, enforcement of features, and assessment over the past 3 years to complete the bankruptcy process to the actual cost of the administration of sizes.
The changes are related to the remuneration of the insolvency administrator. Administrator salary is associated with the administrator's performance and will exclude from the bankruptcy of the length of the procedure. The amount that must be paid to the administrator for the company's administration of the bankruptcy process, must determine the first creditors ' meeting.
The company's "Added Value" Arvydas Vainoras agree that the amendment to the law will reduce the burden of bankruptcy procedures to businesses. However, the main focus of both the private and public levels should be placed at the consequences of lengvinimui, but the reasons, causing financial problems, eliminavimui. "Bankruptcy business neištinka suddenly, it's a long process, which marks the consistent monitoring and analysis of financial firms indicators, it can be seen and managed in advance.
Avoid bankruptcy possible?
For the month of march of the bankruptcy procedure was initiated 230 companies. Creditinfo data, 10 of the largest enterprises for nearly a year, and more sent signals to the market about prastėjančią your condition. For example, the highest for the month of march of the bankruptcy started in the business of construction and repair company "Algraižė" even last year in the middle of the remarkably high frequency vėlavimais pay for the tool rental, lease premiums, electricity bills and other services.
A. Vainoro according to the main error is that the financial problems show up too late. Financial companies control not merely of the annual reports of the monitoring. "Currently, the accounting and auditing professionals have automated tools to present and compare the company's financial indicators. This means less head of the company work and more control, time and attention relevant indicators for analysis. The question, according to the "Added Value" of the head should be present, or the business in Lithuania wants to and is able to take advantage of this.
Do not exploit modern technology
Microsoft commissioned and "Spinter research in Lithuania in February of the implementation of a representative small and medium business employees revealed that it is the application of digital technologies is one of the biggest challenges for the business in Lithuania.
„Microsoft“ atstovų teigimu, „tie, kurie analizuoja ir naudoja duomenis savo veikloje, savo ateitį vertina pozityviau. <…> Sėkmingi smulkieji ir vidutiniai verslai pasitelkia įrankius, kurie surinktus duomenis paverčia įžvalgomis, padedančiomis matyti tendencijas bei paskatinti plėtrą“. Verslo funkcijų ir informacijos perkėlimą į skaitmeninę erdvę ir prieigą prie jų realiuoju laiku Lietuvos darbuotojai įvardino kaip vieną rimčiausių šių metų iššūkių.
Almost 40%. Microsoft study in Lithuania respondents indicated that their companies within the technology does not or does not know what is the role of ensuring a more flexible working conditions.
"Technology financial business accounting and audit processes reduces the time cost, eliminates the human error probability, and allows ongoing analysis of the financial indicators, accessing them from any local data in the cloud". Therefore, the business, according to the "Added Value" of the manual, should be of concern not only to the bankruptcy administration costs reduction, but also a high-tech possibilities provided by the prudent supervision of financial firms indicators and in this way prevent blogiausiems scenarios.