Oxford Biomedica, a global leader in cell and gene therapy, welcomes Lucinda (Lucy) Crabtree, Ph.D., as the new Chief Financial Officer (CFO). Lucy will also serve as a member of the company’s board. Her appointment, initially announced in July, takes effect today. Crabtree’s Experience Before joining Oxford Biomedica, Lucy was CFO at MorphoSys AG, where she successfully led the company’s finance team through the acquisition by Novartis. She also held key leadership roles at Autolus Therapeutics, guiding the biopharmaceutical firm through its Nasdaq listing. With a solid background in investment and finance, Lucy has held positions at Woodford Investment Management,…
Author: Your TechCFO
Balance sheet forecasting is a crucial part of financial planning. It helps businesses predict their future financial health by estimating assets, liabilities, and equity. But how does this process actually work? In this guide, we’ll break down balance sheet forecasting in simple terms, so even a 10-year-old can understand it. What is Balance Sheet Forecasting? Balance sheet forecasting is like making a prediction about your future finances. Imagine you’re trying to figure out how much money you’ll have in your piggy bank by the end of the month. You’d look at how much you have now, how much more you…
In the complex world of financial management, one tool stands out for its ability to help businesses anticipate future financial conditions: Balance Sheet Forecasting. This essential process provides organizations with a roadmap for future financial planning, enabling them to make informed decisions that align with their strategic goals. But what exactly is balance sheet forecasting, and why is it so crucial for business success? In this blog, we’ll explore the key components of balance sheet forecasting, its role in financial modeling, and how it supports broader financial planning and business forecasting efforts. Understanding Balance Sheet Forecasting Balance sheet forecasting is…
In an evolving business era, small to mid-sized businesses (SMBs), artificial intelligence (AI), and FinTech partnerships are making headlines this week. SMBs and the Push for Growth Small businesses are gaining significant attention from major financial institutions. Citigroup is expanding its client base to include SMBs with annual revenues between $10 million and $3 billion, aiming to double its commercial banking segment. This shift represents a move from its traditional focus on larger clients. On the same day, Sezzle, a buy now, pay later (BNPL) provider, partnered with Liberis, an embedded finance platform, to support U.S. and Canadian SMBs with…
Forecasting your company’s balance sheet is a crucial part of financial planning. It helps you predict your financial future, manage risks, and make informed business decisions. But how do you choose the right tools to help with this task? In this guide, we’ll break down some of the best balance sheet forecasting tools and software, and show you how they can help you manage your finances better. What is Balance Sheet Forecasting? Balance sheet forecasting involves predicting the future state of your company’s balance sheet. This includes assets, liabilities, and equity. It helps businesses plan for the future by estimating…
PartsTrader, a leader in automotive parts procurement solutions, has appointed Kyle Schmitt as its new Group Chief Financial Officer (CFO). This move comes as the company sets its sights on continued growth and robust financial operations. Schmitt will play a pivotal role in PartsTrader’s future, overseeing the company’s financial strategy, enhancing profitability, and driving sustainable growth. His extensive experience in finance and strategic planning, spanning over 15 years, will be instrumental in driving the company through its next phase of expansion. Schmitt’s Excitement for the Future Upon his appointment, Schmitt expressed enthusiasm for his new role. “I have witnessed first-hand…
Galileo Financial Technologies, a leader in financial technology and a subsidiary of SoFi Technologies, Inc. has introduced an upgrade to its B2B expense management solutions. The company is now offering its fintech clients, including early adopter Rho, access to Mastercard Smart Data, a comprehensive for expense reporting and analytics. This integration promises to streamline corporate expense management and enhance spend visibility. Revolutionizing Expense Management Businesses often struggle with time-consuming and error-prone manual processes in expense reporting. According to industry estimates, companies spend nearly 3,000 hours annually correcting errors in approximately 51,000 expense reports. Mastercard Smart Data aims to address these…
Making accurate balance sheet forecasts is important for planning a business’s financial future.However, traditional methods often have problems that can hurt the accuracy and trustworthiness of the forecasts.In this blog, we will discuss these problems and provide practical solutions and tools to fix them.We will use a clear pillar format to make it easy to understand. 1. Guide to Balance Sheet Forecasting Challenges Balance sheet forecasting involves predicting a company’s future financial position, including assets, liabilities, and equity. While accurate forecasting is critical for strategic planning, traditional methods often pose significant challenges that can hinder the accuracy and reliability of…
Global B2B Payments Market on a Rapid Growth Trajectory The B2B payments market will experience substantial growth, reaching $313,947.8 billion by 2031. According to a recent Allied Market Research report, the market, valued at $125,432 billion in 2021, is expected to grow at a robust CAGR of 9.9% from 2022 to 2031. Drivers of Market Growth The wave in market size is attributed to several factors, including the widespread adoption of digitalization and automation. These advancements facilitate seamless interactions among businesses, suppliers, and retailers. Additionally, the growth in global trade and cross-border transactions further fuels the market expansion. However, challenges…
Making accurate balance sheet forecasts is important for planning a business’s financial future.However, traditional methods often have problems that can hurt the accuracy and trustworthiness of the forecasts.In this blog, we will discuss these problems and provide practical solutions and tools to fix them.We will use a clear pillar format to make it easy to understand. 1. Guide to Balance Sheet Forecasting Challenges Balance sheet forecasting involves predicting a company’s future financial position, including assets, liabilities, and equity. While accurate forecasting is critical for strategic planning, traditional methods often pose significant challenges that can hinder the accuracy and reliability of…