Useful Tech & Finance Acronyms

ACV: Actual Cash Value or Annual Contract Value (for SaaS companies)

API: Application Programming Interface

ARR: Annual Recurring Revenue

B2B: Business-to-Business

B2C: Business-to-Consumer

CAC: Customer Acquisition Cost

CAGR: Compound Annual Growth Rate

CCC: Cash Conversion Cycle

CVC: Corporate Venture Capital

CX: Customer Experience

EBIT: Earnings before Interest and Taxes

EBITDA: Earnings before Interest, Taxes, Depreciation, and Amortization

ERP: Enterprise Resource Planning - a process used by companies to manage and integrate the important parts of their businesses. An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, etc...

FCA: Financial Conduct Authority (UK)

FTE: Full-Time Equivalent

HNWI: High Net Worth Individual

IPO: Initial Public Offering

IRR: Internal Rate of Return

KPI: Key Performance Indicator

LP: Limited Partner

LTV: Loan-to-Value

MGA: Managing General Agent

ML: Machine Learning

MRR: Monthly Recurring Revenue

MSME: Micro, Small & Medium Enterprises

MVP: Minimum Viable Product - a version of a product with just enough features to be usable by early customers who can then provide feedback for future iterations 

NFT: Non-Fungible Token - a unique and non-interchangeable unit of data stored on a digital ledger. NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items, using blockchain technology to establish a verified and public proof of ownership

NIC: Network Interface Card

PAM: Privileged Access Management

POS: Point of Sale

PMI: Purchasing Managers’ Index

ROI: Return on Investment

RFQ: Request for Quotation

SAM: Serviceable Addressable / Available Market

SOM: Serviceable Obtainable Market

SaaS: Software as a Service

SKU: Stock-Keeping Unit

TAM: Total Addressable / Available Market

UX: User Experience

UI: User Interface

VC: Venture Capital