Telenor Group has announced the appointment of Torbjørn Wist as the new Executive Vice President (EVP) and Group Chief Financial Officer (CFO), effective February 1, 2025. Wist, a seasoned finance executive with a robust background in telecom and logistics, will return to Telenor after a notable tenure elsewhere. An Accomplished Leader Returns Torbjørn Wist brings over 13 years of previous experience with Telenor, where he held significant roles, including Senior Vice President and Group Treasurer. His return to Telenor is highly anticipated, as he is recognized for his deep industry knowledge and proven financial acumen. “We are thrilled to welcome…
Author: Your TechCFO
ING announced the appointment of Daniele Tonella, who will join the company as Chief Technology Officer (CTO) and a Management Board Banking member. Tonella, who succeeds Marnix van Stiphout, brings a wealth of experience in technological leadership to the role. Van Stiphout has been serving as interim CTO since November 2023, in addition to his responsibilities as Chief Operations Officer and Chief Transformation Officer. A Leader with a Proven Track Record Daniele Tonella’s appointment marks a crucial moment for ING as the bank continues its journey towards digital excellence. Tonella boasts over 20 years of experience in technology and financial…
Revenue forecasting tools are essential for achieving business success. They help companies predict future sales and manage financial planning effectively. Accurate sales predictions enable organizations to: Allocate resources wisely Set realistic goals Make informed decisions When choosing the right forecasting tool, consider these key features: Integration capabilities: Seamless connection with existing systems like CRM and ERP. User-friendly interface: Easy navigation for all team members. Predictive analytics: Advanced algorithms that enhance forecast accuracy. In this article, we’ll explore the importance of revenue forecasting and the various tools available to improve financial planning. We’ll also highlight the top five revenue forecasting tools…
Ruth Porat has wrapped up her final earnings call as CFO of Alphabet and Google, marking the end of a remarkable chapter. After nearly a decade at the top of one of the world’s most powerful technology companies, Porat is taking on a new role as president and chief investment officer. Reflecting on a Decade of Leadership On Tuesday afternoon, Porat took the stage for her 56th earnings call, a milestone that includes 37 calls at Alphabet. Her tenure, which began in 2015, follows a distinguished 27-year career at Morgan Stanley, where she served as finance chief before joining Google.…
Ever wondered if your revenue forecasting system is truly effective? The secret often lies in their revenue forecasting system. A robust revenue forecast doesn’t just predict sales; it becomes a critical compass for navigating business growth and strategic planning. For VPs, managers, and business leaders across Global, understanding how to build and maintain an effective forecasting system is essential for steering your company toward success. This blog will guide you through the best practices that can help you craft a forecasting system that not only predicts your revenue but also supports smarter decision-making and strategic growth. Let’s explore TechCFO’s comprehensive…
Have you ever found yourself frustrated by unexpected financial surprises at the end of the quarter? If so, you’re not alone. Traditional revenue forecasting has long been a cornerstone of business planning, but it comes with its own set of challenges that can restrict a company’s growth and stability. In this blog, we’ll look at the common issues encountered in traditional revenue forecasting, particularly among VPs, managers, business experts, and media partners in the United States and elsewhere. We’ll also explore how modern solutions can address these problems, helping you achieve more accurate and agile financial planning. What is Revenue Forecasting Revenue…
Orion Innovation, a trailblazer in digital transformation solutions, has just made a major move by appointing Cyrus Lam as its new Chief Financial Officer (CFO). This exciting development signals a new era for the company as it gears up to amplify its global reach and enhance its innovative service offerings. Meet Cyrus Lam: The Financial Jedi Cyrus Lam isn’t just any finance guru; he brings over 20 years of powerhouse experience in the tech industry. Having held influential financial leadership roles at top-tier companies, Lam has a proven track record of driving financial strategy and operational excellence. His knack for…
QPR Software Plc has appointed Taru Mäkinen as its new Chief Financial Officer (CFO). Mäkinen, a Master of Science in Economics and Business Administration born in 1975, will join the company and the executive management team in October. She will succeed Mervi Kerkelä-Hiltunen, who will pursue new opportunities outside the organization. Mäkinen brings over two decades of experience in financial management, having held key leadership roles in several prominent technology firms. Her most recent position was CFO of Casambi Technologies Oy, and she has also served at Efecte Plc. Heikki Veijola, CEO of QPR Software Plc, expressed enthusiasm about Mäkinen’s…
Astreya, a global leader in IT Managed Services, has appointed Tanmay Limaye as its new Chief Financial Officer. Limaye brings over two decades of executive experience in corporate development and strategic finance, positioning him to lead Astreya’s financial strategies and drive global growth. Tanmay Limaye is known for successfully structuring and executing strategic M&A deals, including acquisitions, divestitures, capital infusions, and IPOs. His leadership has significantly contributed to revenue growth, market expansion, and the enhancement of shareholder value throughout his career. Notably, Limaye played a pivotal role in several high-profile transactions, including a $1 billion IPO and debt financing exceeding…
Creating a solid revenue forecast is important for any business. It serves as the foundation for financial and operational plans, providing insights into production capacity, marketing budgets, sales quotas, and stock price impact. This blog discusses key techniques and the role of predictive analytics in achieving precision and flexibility in financial strategies. Ready to elevate your revenue forecasting? Let’s dive in and unlock insights to drive your business forward! What is Revenue Forecasting? Revenue forecasting involves predicting a company’s future revenues over a specific period based on historical data, market trends, and various influencing factors. It is a critical aspect…