Financial Terms Glossary

Insolvency

Formal

A general term applied to business entities that have insufficient cash/funds to meet its debt obligations as they fall due. Therefore likely to be in some type of financial trouble.

Informal

Every day there are billions of transactions taking place worldwide. Most of these will be paid for. Some companies in these transactions cannot pay for the commitments they are making. They are 'insolvent' - and should stop trading to prevent even more creditors getting burned.

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

We'd love to hear from you!

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