Financial Terms Glossary

Liquidation

Formal

The process of winding up the affairs of a company or business by determining (or fixing) the liabilities and applying all assets as far as possible in the discharge of these liabilities. Simply, it's the company termination or liquidation procedure - and there isn't usually a surplus! Called Chapter 7 in the USA

Informal

Worse than 'insolvency', 'administration' and 'receivership'. This is the funeral process for companies. The entity has died and the Liquidator is scratching round to pay off the debts and give any surplus to the grieving relatives (creditors). Surpluses after debts and fees are extremely rare.

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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RG24 8AG, UK