New Chief Financial Officer at Cendyn Cendyn, a leading global provider of integrated hotel technology and services, has appointed Jeffrey A. Cross as its new Chief Financial Officer (CFO). This strategic move aims to bolster the company’s financial management and operations. Experienced Financial Leader Joins Cendyn Jeff Cross brings nearly 40 years of extensive experience in finance, accounting, and operations to Cendyn. He earned his Bachelor of Business Administration in Accounting from The University of Texas, Austin. Cross’s career includes notable tenures at Uptempo, Arena Solutions, TravelClick, and Abila, where he demonstrated a remarkable ability to drive revenue growth and…
Author: Your TechCFO
Perfios, a leading B2B SaaS firm, has announced the appointment of Rajesh Kini as its new Chief Financial Officer (CFO). Rajesh Kini, who brings a wealth of experience from his tenure at Infosys, is set to play a pivotal role in guiding Perfios through its next phase of global expansion. Having served as CFO of a key Infosys product subsidiary and leading the corporate accounting group, Kini’s expertise aligns perfectly with Perfios’ ambitious growth plans. “Rajesh’s extensive experience and financial acumen will be instrumental as we navigate new market opportunities and continue our global expansion,” stated Sabyasachi Goswami, CEO of…
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. Challenges faces by while creating Balance Sheet Forecasting 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…
Waza, the emerging star in B2B payment solutions, has officially emerged from stealth mode with an impressive $8 million in funding, signaling a shift in how businesses in emerging markets manage their payments. This new financial injection includes a $3 million seed equity round and $5 million in debt funding to expand Waza’s groundbreaking services across Africa and beyond. Founded by Maxwell Obi, a fintech pioneer known for his role in Nigerian fintech Amplify, and Emmanuel Igbodudu, a former senior engineer at Revolut, Waza is set to make waves in the payments industry. The company, which operates under MSB registration…
Best Practices for Building a Strong Balance Sheet Forecasting System A reliable balance sheet forecasting system is key to making smart financial decisions and planning for the future. This system helps businesses predict their financial position by estimating future assets, liabilities, and equity. Understanding and implementing best practices in balance sheet forecasting ensures that companies can manage resources efficiently, plan strategically, and achieve their business goals. What is Balance Sheet Forecasting? Balance sheet forecasting is the process of predicting a company’s future financial situation. This involves estimating the company’s future assets (what it owns), liabilities (what it owes), and equity…
B2B commerce is undergoing a seismic shift, and embedded payments are leading the charge. With recent developments like Google Chrome’s integration of Web Monetization, allowing website owners to earn embedded micro-payments, the landscape for online B2B platforms and marketplaces is poised for transformation. This shift promises to streamline transactions and offer new opportunities, especially for small- to medium-sized businesses (SMBs). Simplifying B2B Transactions B2B transactions are limited by lengthy payment cycles, complex invoicing, and manual reconciliations. Enter embedded finance: a game-changer that integrates payment solutions directly into B2B platforms. This innovation allows companies to offer instant credit lines, automated invoicing,…
Circana, a leading advisor on consumer behavior, has disclosed the winners of the 2024 B2B Tech Channel Performance Awards at the XChange event. Now celebrating its seventh year, this prestigious ceremony recognizes exceptional brands that have achieved top revenue or marked significant growth in market share across the United States. A Year of Remarkable Growth and Innovation B2B technology revenue is projected to hit $66 billion this year, a 5% increase from the previous year. The awards highlight strong industry health and innovation. “B2B technology revenue is expected to reach $66 billion this year, reflecting a 5% year-over-year increase, and…
Nuvei Corporation has announced a strategic partnership with Scanco Software, LLC. This collaboration aims to enhance Scanco’s Invoice2Payment (i2PAY) solution and promises to streamline operations and boost financial visibility for businesses across these industries. Integrating Nuvei’s advanced payment solutions into Scanco’s i2PAY is set to elevate the existing warehouse management capabilities. The new features, including online payment processing, automated deposits, email receipts, and advanced analytics, will significantly enhance Scanco’s customer-managed managed payments. This collaboration ensures businesses can now benefit from seamless Card-Not-Present and ACH processing capabilities directly embedded into their enterprise resource planning (ERP) systems, such as Sage. “By integrating…
In the world of finance, mastering balance sheet forecasting is a crucial skill for predicting a company’s financial performance and identifying opportunities for growth. A well-constructed balance sheet forecast helps businesses plan for the future, manage risks, and make informed strategic decisions. This guide explores the fundamentals of balance sheet forecasting, offers practical tips, and highlights key techniques to enhance accuracy and effectiveness. Understanding Balance Sheet Forecasting Balance sheet forecasting involves predicting a company’s future financial position by estimating its assets, liabilities, and equity. Unlike historical financial statements, which reflect past performance, balance sheet forecasts are projections based on various…
Flywire Corporation has announced the acquisition of Invoiced, an industry-leading SaaS platform renowned for its Accounts Receivable (A/R) automation capabilities. This strategic acquisition aims to significantly enhance Flywire’s global B2B payments solutions by integrating Invoiced’s advanced workflow automation technology. Expanding Capabilities and Market Reach Invoiced’s robust platform streamlines the A/R process for mid-market companies by automating invoicing, payment reconciliation, and payer communications. This integration is poised to enhance Flywire’s current offerings, allowing for a more comprehensive suite of services to its global clientele. Flywire will utilize Invoiced’s platform to penetrate the B2B payments space further, targeting a market estimated at…