top of page
project_shutterstock_237878974.jpg

PROJECTS

NOVIS INITIIS BV (OVERSIGHT GROUP) and/or its professionals have completed many projects in the last few years on the islands of Aruba, Bonaire and Curaçao. Some of these we proudly display in the following table.

CORPORATE FINANCE & CASH FLOW MANAGEMENT

  • Successful financing of USD 9.6 million for water plant expansion

  • Successful refinancing of USD 4.5 million for a Utility company

  • Successful refinancing of USD 64 million for a utility company

  • Successful refinancing of ANG 300 million for a utility company

  • Successful refinancing of ANG 12 million for a wholesaler

  • Successful MRI-project financing of USD 700 thousand for a healthcare company

  • Successful refinancing of ANG 2 million for a hospitality business

  • Successful implementation of a cash flow management practice for a healthcare business

  • Successful negotiation support to increase the healthcare budget with ANG 4 million by the healthcare insurer

PLANNING & CONTROL SERVICES, INCLUDING REPORTING SERVICES

  • Successful implementation of a budgeting and reporting cycle at a utility company

  • Successful implementation of a budgeting and reporting cycle at a wholesaler

  • Successful implementation of a budgeting and reporting cycle at a hospitality business

  • Successful implementation IFRS-compliance project at a utility company

RESTRUCTURING & TURN AROUND (excluding cost rationalization)

  • Successful restructuring and turnaround of a wholesaler (cost reduction of USD 4.7 million)

  • Successful restructuring and turnaround of an automotive company (cost reduction of USD 0.6 million)

  • Successful restructuring and turnaround of a wholesaler (cost reduction of USD 1.1 million)

  • Successful restructuring and turnaround of a hospitality company (cost reduction of USD 0.3 million)

  • Successful restructuring and buy-out sale of a hospitality company

  • Successful restructuring and bankruptcy guidance and company sale (buyout)

  • Successful increase in revenues by 12% through better reporting & analysis (and sales development)

  • Successful increase in revenues by 5% through better reporting & analysis (and sales development)

GOVERNANCE SUPPORT

  • Successful catch up of arrears (4 years) in drafting and adoption of Annual Financial Statements

  • Successful catch up of arrears (3 years) in drafting and adoption of Annual Financial Statements

  • Successful Implementation of Governance structure improve control and lower / mitigate liability risk

INTERIM FINANCIAL MANAGEMENT

  • Successful execution of the CFO function at a utility company

  • Successful execution of the CFO function at a hospital

  • Successful execution of Senior Financial controllers’ function at a healthcare company

COST-RATIONALIZATION SERVICES

  • Realized a sustainable cost reduction of Operational expenses of 31% (USD 640,000) at a wholesaler

  • Realized a sustainable cost reduction of Operational expenses of 42% (USD 352,000) at a healthcare provider

  • Realized a sustainable cost reduction of Operational expenses of 19% (USD 168,000) at a healthcare provider

  • Realized a sustainable cost reduction of Personnel expenses of 12% (USD 221,000) at a wholesaler (not counting liquidation of business units)

bottom of page