# Adjust financing program

*/Processes/Adjust_financing_program*

## Process Profile

**Outcome**: Financing terms and structures are successfully modified, approved, and enacted to optimize liquidity and capital costs.
**Trigger**: A change in cash flow requirements, market interest rates, or trading partner credit profiles necessitates a review of current financing structures.
**Key Steps**:
- Evaluate current financing performance and utilization
- Identify shifts in capital requirements or market rates
- Model financial scenarios for proposed term adjustments
- Negotiate revised terms with lenders or trading partners
- Secure internal approval for the adjusted program
- Update treasury systems and policies with new terms
**Measured By**:
- [Cost Of Capital](/Metrics/Cost_Of_Capital)
- [Financing Cost Variance](/Metrics/Financing_Cost_Variance)
- [Liquidity Ratio](/Metrics/Liquidity_Ratio)
- [Program Adjustment Cycle Time](/Metrics/Program_Adjustment_Cycle_Time)

## Boundary Of Firm

**Outsourced To**:
- [Investment Bank](/CompanyTypes/Investment_Bank)
- [Financial Advisory Firm](/CompanyTypes/Financial_Advisory_Firm)
- [Loan Servicing Provider](/CompanyTypes/Loan_Servicing_Provider)
**Automatability**: assisted
**Routing Summary**:
- Scenario modeling and recalculation of rates, limits, and repayment schedules is software-assisted through the treasury and planning systems.
- The decision to restructure a financing program — changing terms, sizing, or counterparties — is kept in-house with treasury and finance leadership.
- Capital-markets structuring and placement is bought from investment banks and advisors when the program is materially restructured.
**Delivered By Role**:
- [Treasury Manager](/Processes/Adjust_financing_program/JobTypes/Treasury_Manager)
- [Finance Director](/Processes/Adjust_financing_program/JobTypes/Finance_Director)
- [Program Manager](/Processes/Adjust_financing_program/JobTypes/Program_Manager)
**Asset Specificity**: specific
**Automated By Action**:
- [Modeling Financing Scenarios](/Action/Modeling_Financing_Scenarios)
- [Recalculating Repayment Terms](/Action/Recalculating_Repayment_Terms)
**Automated By Software**:
- [Treasury Management System](/Software/Treasury_Management_System)
- [Financial Planning Platform](/Software/Financial_Planning_Platform)
**Delivered By Department**:
- [Treasury](/Processes/Adjust_financing_program/Departments/Treasury)
- [Finance Department](/Processes/Adjust_financing_program/Departments/Finance_Department)

## Neighborhood

### Parent

- [Food Manufacturing](/Industries/Food_Manufacturing) — parent · Industries

### Siblings

- [Design and obtain necessary materials and equipment](/Processes/Design_and_obtain_necessary_materials_and_equipment) — siblings · Processes
- [Develop trade customer sales strategy](/Processes/Develop_trade_customer_sales_strategy) — siblings · Processes
- [Define advertising media objectives and strategy](/Processes/Define_advertising_media_objectives_and_strategy) — siblings · Processes
- [Conduct mergers and acquisitions (M&A) analysis](/Processes/Conduct_mergers_and_acquisitions_(M&A)_analysis) — siblings · Processes
- [Monitor external opportunities and threats](/Processes/Monitor_external_opportunities_and_threats) — siblings · Processes
- [Describe means to achieve desired state](/Processes/Describe_means_to_achieve_desired_state) — siblings · Processes
- [Develop financial strategies](/Processes/Develop_financial_strategies) — siblings · Processes
- [Set corporate financial targets](/Processes/Set_corporate_financial_targets) — siblings · Processes
- [Communicate targets to operating divisions](/Processes/Communicate_targets_to_operating_divisions) — siblings · Processes
- [Analyze portfolio positioning](/Processes/Analyze_portfolio_positioning) — siblings · Processes
- [Determine growth potential](/Processes/Determine_growth_potential) — siblings · Processes
- [Determine relative market share](/Processes/Determine_relative_market_share) — siblings · Processes
- [Assess cash flow potential](/Processes/Assess_cash_flow_potential) — siblings · Processes
- [Determine optimal portfolio](/Processes/Determine_optimal_portfolio) — siblings · Processes
- [Identify brand and portfolio gaps](/Processes/Identify_brand_and_portfolio_gaps) — siblings · Processes
- [Collaborate design with suppliers and contract manufacturers](/Processes/Collaborate_design_with_suppliers_and_contract_manufacturers) — siblings · Processes
- [Work with manufacturers on process/manufacturing](/Processes/Work_with_manufacturers_on_process%2Fmanufacturing) — siblings · Processes
- [Refine product/service to eliminate quality and reliability problems](/Processes/Refine_product%2Fservice_to_eliminate_quality_and_reliability_problems) — siblings · Processes
- [Revise business case and make go/no go decision](/Processes/Revise_business_case_and_make_go%2Fno_go_decision) — siblings · Processes
- [Conduct clinical and product claims testing](/Processes/Conduct_clinical_and_product_claims_testing) — siblings · Processes
- [Conduct legal/regulatory/medical review](/Processes/Conduct_legal%2Fregulatory%2Fmedical_review) — siblings · Processes
- [Refine formulation based on market research, technical and cost analysis](/Processes/Refine_formulation_based_on_market_research,_technical_and_cost_analysis) — siblings · Processes
- [Outline initial processing parameters](/Processes/Outline_initial_processing_parameters) — siblings · Processes
- [Revise financial analysis](/Processes/Revise_financial_analysis) — siblings · Processes
- [Create and release final advertising](/Processes/Create_and_release_final_advertising) — siblings · Processes
- [Monitor production runs](/Processes/Monitor_production_runs) — siblings · Processes
- [Request engineering change](/Processes/Request_engineering_change) — siblings · Processes
- [Review market performance by country and geographic area](/Processes/Review_market_performance_by_country_and_geographic_area) — siblings · Processes
- [Review quality and performance of the product](/Processes/Review_quality_and_performance_of_the_product) — siblings · Processes
- [Conduct NPD process assessment](/Processes/Conduct_NPD_process_assessment) — siblings · Processes
- [Develop consumer/shopper market insight and identify trends](/Processes/Develop_consumer%2Fshopper_market_insight_and_identify_trends) — siblings · Processes
- [Define and manage channel/store format strategy](/Processes/Define_and_manage_channel%2Fstore_format_strategy) — siblings · Processes
- [Analyze point of sales (POS) data and market/competitive information](/Processes/Analyze_point_of_sales_(POS)_data_and_market%2Fcompetitive_information) — siblings · Processes
- [Manage data source vendors](/Processes/Manage_data_source_vendors) — siblings · Processes
- [Manage database and fulfillment vendors](/Processes/Manage_database_and_fulfillment_vendors) — siblings · Processes
- [Manage creative/media service providers](/Processes/Manage_creative%2Fmedia_service_providers) — siblings · Processes
- [Allocate marketing budget](/Processes/Allocate_marketing_budget) — siblings · Processes
- [Perform category management](/Processes/Perform_category_management) — siblings · Processes
- [Select category/product strategy](/Processes/Select_category%2Fproduct_strategy) — siblings · Processes
- [Design and execute brand and product marketing programs](/Processes/Design_and_execute_brand_and_product_marketing_programs) — siblings · Processes
- [Develop advertising](/Processes/Develop_advertising) — siblings · Processes
- [Engage third-party advertising agency](/Processes/Engage_third-party_advertising_agency) — siblings · Processes
- [Align marketing programs with consumer service strategy](/Processes/Align_marketing_programs_with_consumer_service_strategy) — siblings · Processes
- [Develop product sales projection](/Processes/Develop_product_sales_projection) — siblings · Processes
- [Determine customer segment specific pricing](/Processes/Determine_customer_segment_specific_pricing) — siblings · Processes
- [Manage trade pricing, promotions and allowances](/Processes/Manage_trade_pricing,_promotions_and_allowances) — siblings · Processes
- [Develop customer trade investment plan](/Processes/Develop_customer_trade_investment_plan) — siblings · Processes
- [Approve investment plan](/Processes/Approve_investment_plan) — siblings · Processes
- [Execute investment plan](/Processes/Execute_investment_plan) — siblings · Processes
- [Manage payments and deductions](/Processes/Manage_payments_and_deductions) — siblings · Processes
- [Analyze customer profitability](/Processes/Analyze_customer_profitability) — siblings · Processes
- [Assess integrated sales and demand plan performance](/Processes/Assess_integrated_sales_and_demand_plan_performance) — siblings · Processes
- [Establish customer terms and conditions](/Processes/Establish_customer_terms_and_conditions) — siblings · Processes
- [Assist in store operations](/Processes/Assist_in_store_operations) — siblings · Processes
- [Perform inventory management](/Processes/Perform_inventory_management) — siblings · Processes
- [Review product placement](/Processes/Review_product_placement) — siblings · Processes
- [Manage in-store POP (Point of Purchase) merchandising](/Processes/Manage_in-store_POP_(Point_of_Purchase)_merchandising) — siblings · Processes
- [Provide product tracking](/Processes/Provide_product_tracking) — siblings · Processes
- [Assess order performance](/Processes/Assess_order_performance) — siblings · Processes
- [Evaluate sales results](/Processes/Evaluate_sales_results) — siblings · Processes
- [Plan sales and operations](/Processes/Plan_sales_and_operations) — siblings · Processes
- [Prepare for sales and operations planning (S&OP) meeting](/Processes/Prepare_for_sales_and_operations_planning_(S&OP)_meeting) — siblings · Processes
- [Balance demand and supply plans](/Processes/Balance_demand_and_supply_plans) — siblings · Processes
- [Implement procurement initiatives](/Processes/Implement_procurement_initiatives) — siblings · Processes
- [Implement cross-functional buying teams](/Processes/Implement_cross-functional_buying_teams) — siblings · Processes
- [Implement buying consortiums](/Processes/Implement_buying_consortiums) — siblings · Processes
- [Implement integrated supply](/Processes/Implement_integrated_supply) — siblings · Processes
- [Implement e-procurement](/Processes/Implement_e-procurement) — siblings · Processes
- [Implement purchasing cost reduction program](/Processes/Implement_purchasing_cost_reduction_program) — siblings · Processes
- [Assess production performance (master production schedule -MPS and manufacturing resource planning - MRP)](/Processes/Assess_production_performance_(master_production_schedule_-MPS_and_manufacturing_resource_planning_-_MRP)) — siblings · Processes
- [Meet data exchange and legal requirements](/Processes/Meet_data_exchange_and_legal_requirements) — siblings · Processes
- [Perform product classification](/Processes/Perform_product_classification) — siblings · Processes
- [Calculate customs duty](/Processes/Calculate_customs_duty) — siblings · Processes
- [Manage export control](/Processes/Manage_export_control) — siblings · Processes
- [Manage quality improvement](/Processes/Manage_quality_improvement) — siblings · Processes
- [Manage customs processing import](/Processes/Manage_customs_processing_import) — siblings · Processes
- [Manage presentation to customs](/Processes/Manage_presentation_to_customs) — siblings · Processes
- [Manage sanctioned party list screening](/Processes/Manage_sanctioned_party_list_screening) — siblings · Processes
- [Identify key metrics for assessing customer service](/Processes/Identify_key_metrics_for_assessing_customer_service) — siblings · Processes
- [Track performance against customer service scorecard](/Processes/Track_performance_against_customer_service_scorecard) — siblings · Processes
- [Establish (tax and book) depreciation policies](/Processes/Establish_(tax_and_book)_depreciation_policies) — siblings · Processes
- [Create internal funding program](/Processes/Create_internal_funding_program) — siblings · Processes
- [Understand the organization's growth objectives](/Processes/Understand_the_organization's_growth_objectives) — siblings · Processes
- [Review organization's capital needs/budgets](/Processes/Review_organization's_capital_needs%2Fbudgets) — siblings · Processes
- [Determine sources and uses of capital](/Processes/Determine_sources_and_uses_of_capital) — siblings · Processes
- [Create alternative financing programs](/Processes/Create_alternative_financing_programs) — siblings · Processes
- [Evaluate alternative financing programs](/Processes/Evaluate_alternative_financing_programs) — siblings · Processes
- [Finalize financing program](/Processes/Finalize_financing_program) — siblings · Processes
- [Manage and monitor compliance function](/Processes/Manage_and_monitor_compliance_function) — siblings · Processes
- [Develop audit and compliance plan](/Processes/Develop_audit_and_compliance_plan) — siblings · Processes
- [Manage activities of audit and compliance function program](/Processes/Manage_activities_of_audit_and_compliance_function_program) — siblings · Processes
- [Manage organizational model and reporting relationships for compliance function](/Processes/Manage_organizational_model_and_reporting_relationships_for_compliance_function) — siblings · Processes
- [Manage key capabilities of compliance function](/Processes/Manage_key_capabilities_of_compliance_function) — siblings · Processes
- [Plan, build, and manage stakeholder relations](/Processes/Plan,_build,_and_manage_stakeholder_relations) — siblings · Processes
- [Develop and manage analyst/financial community relations](/Processes/Develop_and_manage_analyst%2Ffinancial_community_relations) — siblings · Processes
- [Develop and manage shareholder/investor relations](/Processes/Develop_and_manage_shareholder%2Finvestor_relations) — siblings · Processes
- [Nominate and elect board of directors](/Processes/Nominate_and_elect_board_of_directors) — siblings · Processes
- [Report material transactions, securities and exchange commission (SEC) reporting, etc. to BOD](/Processes/Report_material_transactions,_securities_and_exchange_commission_(SEC)_reporting,_etc._to_BOD) — siblings · Processes
- [Manage ethics policies and procedures](/Processes/Manage_ethics_policies_and_procedures) — siblings · Processes
- [Incorporate ethics training into HR](/Processes/Incorporate_ethics_training_into_HR) — siblings · Processes
- [Refine/Update ethics polices/procedures](/Processes/Refine%2FUpdate_ethics_polices%2Fprocedures) — siblings · Processes
- [Develop legal policies and procedures](/Processes/Develop_legal_policies_and_procedures) — siblings · Processes
- [Develop and follow legal policies and procedures](/Processes/Develop_and_follow_legal_policies_and_procedures) — siblings · Processes
- [Ensure compliance with legal policies and procedures](/Processes/Ensure_compliance_with_legal_policies_and_procedures) — siblings · Processes
- [Search/File for intellectual property protection](/Processes/Search%2FFile_for_intellectual_property_protection) — siblings · Processes
- [Conduct consumer/shoppers tests and interviews](/Processes/Conduct_consumer%2Fshoppers_tests_and_interviews) — siblings · Processes
- [Evaluate and manage event performance](/Processes/Evaluate_and_manage_event_performance) — siblings · Processes
- [Manage strategic business portfolio](/Processes/Manage_strategic_business_portfolio) — siblings · Processes
- [Report Incidents, Adverse Events and Corrective Action Preventive Action (CAPA)](/Processes/Report_Incidents,_Adverse_Events_and_Corrective_Action_Preventive_Action_(CAPA)) — siblings · Processes
- [Develop long term business transformational strategies](/Processes/Develop_long_term_business_transformational_strategies) — siblings · Processes
- [Develop first run/sample products](/Processes/Develop_first_run%2Fsample_products) — siblings · Processes
- [Study competitor category and brand positioning (e.g. by benchmarking competitor products)](/Processes/Study_competitor_category_and_brand_positioning_(e.g._by_benchmarking_competitor_products)) — siblings · Processes
- [Study customer segmentation patterns (e.g. by performing data driven segmentation analysis)](/Processes/Study_customer_segmentation_patterns_(e.g._by_performing_data_driven_segmentation_analysis)) — siblings · Processes
- [Study consumer insights and trends](/Processes/Study_consumer_insights_and_trends) — siblings · Processes
- [Conduct brand level social sentiment analysis](/Processes/Conduct_brand_level_social_sentiment_analysis) — siblings · Processes
- [Define and manage on-line e-retail and marketplace strategy](/Processes/Define_and_manage_on-line_e-retail_and_marketplace_strategy) — siblings · Processes
- [Gather post event analysis tracking of sales at retail](/Processes/Gather_post_event_analysis_tracking_of_sales_at_retail) — siblings · Processes
- [Gather sales/inventory data from retail for trade wide sales forecast](/Processes/Gather_sales%2Finventory_data_from_retail_for_trade_wide_sales_forecast) — siblings · Processes
- [Conduct competitive pricing review (online, offline etc.)](/Processes/Conduct_competitive_pricing_review_(online,_offline_etc.)) — siblings · Processes
- [Apply data and analytics review to supply chain methodologies](/Processes/Apply_data_and_analytics_review_to_supply_chain_methodologies) — siblings · Processes
- [Monitor external changes in the industry or marketplace](/Processes/Monitor_external_changes_in_the_industry_or_marketplace) — siblings · Processes
- [Define and manage warranty offering](/Processes/Define_and_manage_warranty_offering) — siblings · Processes
- [Define warranty related offerings for customers e.g. service contract](/Processes/Define_warranty_related_offerings_for_customers_e.g._service_contract) — siblings · Processes
- [Receive investigation result and recommendation for corrective action](/Processes/Receive_investigation_result_and_recommendation_for_corrective_action) — siblings · Processes
- [Develop a recall strategy](/Processes/Develop_a_recall_strategy) — siblings · Processes
- [Initiate a recall](/Processes/Initiate_a_recall) — siblings · Processes
- [Review recall strategy](/Processes/Review_recall_strategy) — siblings · Processes
- [Manage customer self-service materials](/Processes/Manage_customer_self-service_materials) — siblings · Processes
- [Update the FAQ list](/Processes/Update_the_FAQ_list) — siblings · Processes
- [Design and Develop Products and Services](/Processes/Design_and_Develop_Products_and_Services) — siblings · Processes

### Industries where this operates

- [Cut and Sew Apparel Manufacturing](/Industries/Cut_and_Sew_Apparel_Manufacturing) — operates in · Industries
- [Textile Industry](/Industries/Textile_Industry) — operates in · Industries
- [Chemical Industry](/Industries/Chemical_Industry) — operates in · Industries
- [Paper Manufacturing](/Industries/Paper_Manufacturing) — operates in · Industries
- [Leather and Allied Product Manufacturing](/Industries/Leather_and_Allied_Product_Manufacturing) — operates in · Industries
- [Textile Product Mills](/Industries/Textile_Product_Mills) — operates in · Industries
- [Beverage and Tobacco Product Manufacturing](/Industries/Beverage_and_Tobacco_Product_Manufacturing) — operates in · Industries

### Part of

- [Food And Beverage Manufacturing](/Industries/Food_And_Beverage_Manufacturing) — part of · Industries

### Problems this exposes

- [an FSMA recall event impairs financed finished-goods collateral instantly, a trigger fixed financing terms don't anticipate](/Problems/an_FSMA_recall_event_impairs_financed_finished-goods_collateral_instantly,_a_trigger_fixed_financing_terms_don't_anticipate) — exposes problem · Problems
- [inventory collateral can be primed by a PACA trust claim on perishable agricultural product, subordinating the lender overnight](/Problems/inventory_collateral_can_be_primed_by_a_PACA_trust_claim_on_perishable_agricultural_product,_subordinating_the_lender_overnight) — exposes problem · Problems
- [advances against commodity warehouse receipts must re-flex as the receipt's grade/condition is re-certified](/Problems/advances_against_commodity_warehouse_receipts_must_re-flex_as_the_receipt's_grade%2Fcondition_is_re-certified) — exposes problem · Problems
- [seasonal harvest and pack cycles drive lumpy borrower cashflow that fixed amortization schedules misfit](/Problems/seasonal_harvest_and_pack_cycles_drive_lumpy_borrower_cashflow_that_fixed_amortization_schedules_misfit) — exposes problem · Problems
- [inventory-backed advances on perishable stock need spoilage/shrink haircuts updated continuously](/Problems/inventory-backed_advances_on_perishable_stock_need_spoilage%2Fshrink_haircuts_updated_continuously) — exposes problem · Problems
- [financing terms tied to volatile commodity inputs must re-flex as grain/dairy/sugar prices move](/Problems/financing_terms_tied_to_volatile_commodity_inputs_must_re-flex_as_grain%2Fdairy%2Fsugar_prices_move) — exposes problem · Problems
- [rate-sheet revisions lag changes in the Fed funds curve, leaving offered terms mispriced for days](/Problems/rate-sheet_revisions_lag_changes_in_the_Fed_funds_curve,_leaving_offered_terms_mispriced_for_days) — exposes problem · Problems
- [amortization recalcs after a refinancing must be re-keyed into the servicing system by hand](/Problems/amortization_recalcs_after_a_refinancing_must_be_re-keyed_into_the_servicing_system_by_hand) — exposes problem · Problems
- [borrower-eligibility cutoffs drift out of sync with updated credit-policy memos](/Problems/borrower-eligibility_cutoffs_drift_out_of_sync_with_updated_credit-policy_memos) — exposes problem · Problems
- [reconciling covenant terms across syndicated loan tranches when one lender amends draw schedules](/Problems/reconciling_covenant_terms_across_syndicated_loan_tranches_when_one_lender_amends_draw_schedules) — exposes problem · Problems
- [stress-testing the program against new delinquency assumptions requires rebuilding the cash-flow model each cycle](/Problems/stress-testing_the_program_against_new_delinquency_assumptions_requires_rebuilding_the_cash-flow_model_each_cycle) — exposes problem · Problems
- [tracking which obligors have been re-notified of changed payment terms under TILA disclosure rules](/Problems/tracking_which_obligors_have_been_re-notified_of_changed_payment_terms_under_TILA_disclosure_rules) — exposes problem · Problems

### Automated by

- [Financial Planning Platform](/Software/Financial_Planning_Platform) — automated by · Software
- [Treasury Management System](/Software/Treasury_Management_System) — automated by · Software
- [Recalculating Repayment Terms](/Activities/Recalculating_Repayment_Terms) — automated by · Activities
- [Modeling Financing Scenarios](/Activities/Modeling_Financing_Scenarios) — automated by · Activities

### Outsourced to

- [Loan Servicing Provider](/CompanyTypes/Loan_Servicing_Provider) — outsourced to · CompanyTypes
- [Financial Advisory Firm](/CompanyTypes/Financial_Advisory_Firm) — outsourced to · CompanyTypes
- [Investment Bank](/CompanyTypes/Investment_Bank) — outsourced to · CompanyTypes

### Delivered by

- [Program Manager](/JobTypes/Program_Manager) — delivered by · JobTypes
- [Finance Director](/JobTypes/Finance_Director) — delivered by · JobTypes
- [Treasury Manager](/JobTypes/Treasury_Manager) — delivered by · JobTypes
- [Finance Department](/Departments/Finance_Department) — delivered by · Departments
- [Treasury](/Departments/Treasury) — delivered by · Departments