Financial Terms Glossary

Cross Charging

Formal

A method used in a number of organisations to reallocate the costs of some activity to the appropriate profit or cost centre. Also used where assets of the company are used as security for a loan - these assets being cross charged to the loan giving additional comfort for the loan provider and helping reduce their risk.

Informal

Mega complex Corporations, multiple divisions, great Corporate Headquarters - all held together from a banker's point of view by cross charges and guarantees. These are security arrangements put in place to make sure that if a Corporation goes belly up, then the banks get all their money out first.

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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