Dr. Jožko Peternel

Founder at Smartfin

Jožko Peterlin, PhD, from the Smartfin Institute of Business Finance, has many years of experience in business finance. He was CFO and member of the Management Board of Droga, Director of non-performing assets in a bank, member of the Management Board of Telekom Slovenia and a member of the Board of the European and International Association of Business Financiers. He is the author and co-author of many books and articles. Besides consulting and managing finances in companies, he is also one of the most popular leaders of professional workshops, which will undoubtedly change the participants’ business activities. In 2010, he was selected as the best business and financial advisor by Slovenian financial daily Finance. In 2011, 2012, 2013, and 2016, he was chosen as the most reputable financier in Slovenia by the Tax-Fin-Lex web portal users.

Financial Performance, Efficiency and Security in the Hands of Purchasing

Profit does not a guarantee payment of the company’s suppliers. A purchaser whose priority is to reduce the purchase prices of services and goods can jeopardise the solvency or even the company’s existence. The maturity gap is a significant risk factor for a company’s financial distress. The liquidity matching of funding sources, including suppliers, with the company’s assets, is essential for financial security and solvency. Net current assets create or devour money. I tell you where the money is hidden in the company and how to employ it. To survive, money counts, while profit is a matter of accounting creativity. Bank statements are never corrected retrospectively, while balance sheets are revised continuously, even the audited ones.