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Soldo Data Reveals CFOs Caution Cashflow And Overspending Will Challenge Economic Recovery

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CFOs across the UK warn that cashflow and overspending are the main barriers to their organisation’s financial recovery. The research, commissioned by Soldo, a European pay and spend automation platform, found that 60% of CFOs are forecasting that their business will not recover to pre-pandemic levels until October 2022. 3% of CFOs that say their business has already recovered, while 2% forecast recovery is still over five years away.

Investment Spending Reduced in The Early Stages Of The Pandemic

60% of UK businesses cut their spending in response to the pandemic, with the average business reducing expenditure by 14% in the last financial year. Economists have modelled this data, suggesting that across the UK, business spending was reduced by £153 billion in 2020/2021.

Soldo’s research found that the average reduction in business spending in the last financial year (20/21) was as follows;

  • Small firms (up to 50 employees) – £417,553
  • Medium sized firms (51 – 500 employees) – £4,011,651
  • Corporates (501+ employees) – £17,251,279

Reductions in inventory and staffing costs (including contractors, reduction of permanent headcount and a freeze in the recruitment of new talent) were the main areas where business reduced their expenditure. Nevertheless, the majority of CFOs (60%) acknowledge that now is the time to re-start business spending to drive recovery as quickly as possible. Finance professionals acknowledge that there are numerous challenges associated with ramping up investment. The following were cited as the top 5 difficulties:

  • Cashflow issues (54%)
  • Managing overspending (51%)
  • Supplier relationships (44%)
  • Inability to forecast (37%)
  • Lack of insight around spending (26%)

Said Paraag Amin, CFO of dotdigital, said:

“The pandemic has focused businesses more than ever on continuing to grow through uncertain times, and digital transformation, including the shift to cloud, is one of the key enablers of this. Having access to real-time information, wherever you are, is of paramount importance. Add to this the scaling of processes, to drive cost efficiency, means that it is very important for CFOs/businesses to continue to reinvest, not just to survive the pandemic, but to thrive.”

Mariano Dima, President of Soldo, said:

“Business leaders are taking a deeper look at spending control and payment models, whether through the pandemic or the new norm. With spend management technology, the average UK business can save 2% of annual revenues and reinvest in market expansion.

“Many CFOs have doubled down on digital transformation and cash displacement. It is crucial to have the ability to forensically examine business spend, whether SaaS, retail or advertising.”

What do CFOs cite as the top challenges threatening recovery and growth?

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Managing overspending – CFOs told us that overspending is the number one challenge when it comes to making investments. 50% of CFOs recognise that a digital approach to managing spend can solve overspending. Soldo gives business leaders the ability to set tight budgets and gives real time updates, helping to prevent overspending.

Cashflow issues – Poor visibility of cashflow and working capital acts as a drag on investment. Our research found that 63% of finance teams want better oversight of their working capital. Soldo enables finance teams to track spending against budgets in real time.

Lack of insight around business spending – The inability to analyse investment spending in real-time is a challenge for a significant number of finance leaders. Over a quarter of the CFOs Soldo spoke to said that they wanted more accurate and timely insights around spending. Founders and finance teams want to see spending in real time and see where and how money is being spent.

Soldo’s research found that an incredible amount was wasted across Europe due to ineffective spending controls:

€347 billion across Europe
€62 billion in Germany
€42 billion in France
€43 billion in UK (£37 billion)
€30 billion in Italy

Cloud Benefits – Making the shift to cloud accounting enables CFOs to manage and monitor investment spending more efficiently. Soldo’s research showed that an average sized company could  save more than £2.3m annually. In short, tech-enabled businesses are much more confident in their ability to invest for future growth.

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TISE reports double digit listings growth and new records in 2024

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ST PETER PORT, Guernsey, Jan. 20, 2025 /PRNewswire/ — The International Stock Exchange (TISE) listed 952 securities during 2024, a 13.1% increase year on year.

The new listings contributed to the total number of securities on TISE’s Official List reaching 4,487 at 31 December 2024, which is an increase of 5.3% year on year and a record high for the Exchange.

The total market value of all listed securities surpassed the £750 billion mark for the first time, reaching £756 billion at the end of December.

Cees Vermaas, CEO of TISE, said: “I am delighted to report double digit growth in new listings on our public market during 2024. The records we have set during 2024 demonstrate that clients continue to recognise our strengths as a leading European venue for listing bonds offered to qualified investors.”

During 2024, there were 939 newly listed securities admitted to TISE’s Qualified Investor Bond Market (QIBM), which maintained its market-leader position across both private equity debt and high yield bonds. TISE also continues to grow its reputation as a listing venue for securitisations.

There were 13 newly listed securities across TISE’s equity market during 2024. Of those, four securities were admitted under TISE’s Equity Listing Rules for Specialist Companies which were introduced in November. One of the newly listed Specialist Companies was among the four UK REITs which listed on TISE during 2024. As the second largest venue for listed UK REITs, there are currently 42 UK REITs listed on TISE.

By the end of 2024 there was a record £25.7 billion of listings on TISE supporting environmental, social and sustainable initiatives.   

The UK remained the largest single source of new business, followed by Luxembourg and Ireland. A record 28% of securities newly listed on TISE during the year originated from the EU.

Beyond its public market, TISE has developed a strong pipeline of prospective clients for TISE Private Markets which provides private companies and other private asset owners with their own ‘stock exchange in a box’.

Mr Vermaas added: “We’ve had a hugely successful year. Our significant achievements reflect the progress we are making in growing our profile as an established operator of public markets with an enlarged portfolio of financial markets and securities services for both public and private companies. I’m looking forward to continuing this work with all our stakeholders during 2025.”

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From DeFi to Tokenization: Bybit’s Shunyet Jan Explores the Future of Crypto Trading at iFX EXPO

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DUBAI, UAE, Jan. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, was presented by Shunyet Jan, Head of Derivatives Business and Institutional Sales, at the iFX EXPO.

Shunyet joined an expert panel titled “Crypto Trading: Finding the Evergreen” to discuss the evolving dynamics of the cryptocurrency market. The session, moderated by Karnika E. Yashwant, Founder and Chairman of KEY Difference, featured Wael Makarem, Financial Markets Strategists Lead at Exness, alongside Shunyet. Together, the panelists explored the concept of “evergreen” strategies in crypto trading, examining how to identify and implement approaches that stand the test of time.

Reflecting on the discussion, Shunyet Jan said, “The iFX EXPO brought together some of the sharpest minds in trading and crypto to tackle the hard questions that define success in a volatile market. Sitting alongside Wael Makarem and Mr. Key on the panel, we delved into the forces shaping crypto’s future – from the integration of AI to the shifting role of institutional players and evolving regulations. Conversations like these are crucial for advancing the industry and helping participants find the ‘evergreen’ in an ever-changing landscape.

Key discussion points included navigating market volatility, leveraging AI and machine learning for sustainable strategies, the role of institutional players and evolving regulations, and the importance of psychological resilience in long-term trading success. They also analyzed emerging market trends, such as DeFi and tokenization, and shared practical tips for avoiding common pitfalls and building diversified portfolios that thrive in a volatile environment.

Shunyet Jan also led a Gold and Forex workshop at Bybit’s Dubai HQ, generating strong interest in the platform. Bybit’s new MetaTrader-5 license provides professional traders with access to gold, forex, and cryptocurrencies, offering advanced tools, up to 500x leverage, competitive fees, and an intuitive interface for a seamless trading experience.

The iFX EXPO, the online trading industry’s biggest event series, bridges the world’s top brands with like-minded professionals, traders, and more. It has grown into a global standard, providing every individual a hub to network, exchange ideas, and grow their business. The iFX EXPO remains a vital platform for fostering dialogue and collaboration among industry leaders, and Shunyet’s contributions underscore Bybit’s commitment to advancing the cryptocurrency space.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 
For media inquiries, please contact: media@bybit.com 
For updates, please follow: Bybit’s Communities and Social Media

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Acumen Media’s Latest “Davos Interviews” with key business leaders ahead of the World Economic Forum Annual Meeting

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LONDON, Jan. 20, 2025 /PRNewswire/ — In anticipation of the World Economic Forum’s 2025 Annual Meeting in Davos this week, themed Collaboration for the Intelligent Age, a new interview series has just gone live. The series, produced by Acumen Media & hosted on CBS News online, features conversations with influential business leaders who are driving meaningful impact in alignment with the shared goals of governments and organizations worldwide.

Through these candid discussions, the series explores how businesses are tackling some of the most pressing challenges of our time—sustainability, technological innovation, and social equity. Each leader sheds light on their organisation’s strategies, achievements, and collaborative efforts to create a more intelligent, interconnected, and equitable future.

“This year’s Davos theme is a call to action,” said Paolo Emilio Zanini, CEO of Acumen. “Our interview series showcases the power of collaboration in navigating the complexities of today’s world while laying the foundation for transformative solutions.”

The series, now available on CBS News, provides actionable insights into how industries are aligning with global priorities to advance innovation and drive sustainable development.

Join the conversation and be inspired by the leaders shaping the Intelligent Age. Watch the full series on https://www.cbsnews.com/video/playlist/davos-interviews/

Acumen Media stands as a leader of insightful storytelling, shaping narratives that resonate and inspire. Known for its meticulous attention to detail, the company blends creativity with purpose to deliver content that not only informs but captivates. With a deep commitment to authenticity and innovation, Acumen Media crafts compelling stories that connect with audiences across cultures and industries.

Through its visionary approach, Acumen Media continually pushes the boundaries of what content can achieve, setting a standard for excellence and leaving an indelible mark on the media landscape.

Learn more about our projects and campaigns on: Acumen Stories

Watch ‘The Davos Interviews’ series cbsnews
Watch our other series on YouTube
Visit Acumen Media’s LinkedIn

CONTACT: Jack Boyson, j.boyson@acumenmedia.com 

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