Financial Terms Glossary

Goodwill

Formal

The excess of the purchase price paid for an asset or business over its stated book value. Or, put another way - it's the same as the value of a good relationship that a business has with its customers that is regarded and assessed as an intangible asset.

Informal

ABC limited has assets worth $2 Million. XYZ limited buys ABC for $3 Million because of its future profit stream. So $3 Million has been paid for a company (apparently) only worth $2 Million - the $1 Million difference or premium is the Goodwill.

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.
Find out how

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Phone
+44 (0)1256 338635
Address
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Basingstoke, Hampshire
RG24 8AG, UK