Financial Terms Glossary

Chapter 11

Formal

A section of the US bankruptcy code that details procedures allowing companies to reorganise their businesses when faced with crippling debt. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court.

Informal

A US term. Everything's gone wrong - the company has massive debts and the game is lost. However, someone calls 'time out' and the world seems to change - creditors have to wait while sensible people seek real solutions. In the middle of the madness, it's a US bankruptcy code section that allows constructive time to try to resolve impossible financial problems.

What we do

At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.
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