Crisis

BUSINESS CRISIS AND INSOLVENCY CODE

(Legislative Decree 12 January 2019, no. 14)

The Legislative Decree No. 14 of the 12th January 2009 introduced the OBLIGATION for enterprises to adopt an ADEQUATE ORGANISATIONAL STRUCTURE, in order to TIMELY detect the state of crisis and apply appropriate initiatives aimed at managing the crisis and averting bankruptcy.

SPIRIT OF THE REGULATORY REFORM

Prioritize business continuity.
Steer business management towards planning and control, according to the logic of prevention.
Build an adequate and constant system of internal audits capable of detecting signs of crisis at an early stage.
Identify those parties which are required to report solid evidence of a crisis (corporate supervisory bodies, directors, auditors, qualified public creditors: Revenue Agencies, INPS and Collection Agents).
Protect the entrepreneurial capacity of those companies in difficulty who promptly and diligently took action to rebalance the business dynamics.
Resorting to bankruptcy only as a residual crisis resolution tool.

THE SOLUTIONS

The answer lies in competently and objectively examining the company organizational status, by providing it with all the appropriate tools to protect its economic and financial balance and ensuring its business continuity. In this way it will comply with regulatory requirements and protect the director from being held liable in the event of crisis or bankruptcy.

MIXO has identified and adopted this optimal solution:

THE CRMS FP 07:2015 CERTIFICATION SCHEME

(Credit Risk Management) + ADDENDUM EFRMS 14:2019
(Economic Financial Risk Management Systems)

Companies can certify their economic and financial management system and their treasury service through the adoption of this scheme, recognized by ACCREDIA, the Sole Italian National Accreditation Body and endorsed by ABI (Italian Banking Association) and CONFINDUSTRIA

The certification provided to the Company:

A recognized tool for responding to the demands of the legislator regarding organizational structures and the timely detection of a business crises.

A facilitator and relief of the Director’s responsibility
An improved reliability towards banks and suppliers
A process of improvement

The regulations can be easily integrated with other management systems already existing within the company, such as the ISO 9001 systems, and can be used for certification purposes or as a simple model to inspire, in whole or in part, one's own organization.

MIXO Services

Training on legal obligations and regulatory content
Preliminary analysis of the company structure
In-depth analysis of the structure(Gap Analysis)
Consulenza per l’ottenimento della Certificazione aziendale secondo lo schema CRMS FP07:2015 + ADDENDUM EFRMS 14:2019, attraverso:
-  Analysis and Study of the SYSTEM COMPONENT (Organizational scope)
-  Analysis and Study of the TECHNICAL COMPONENT (Economic/Financial area)
-  Support implementation within the company
Assistance in obtaining contributions(Financed Training, regional public calls, PMI4.0)
Continuative support for the determination and the periodic monitoring of crisis indicators and indixes