Fri.May 26, 2023

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Accounts payable shouldn’t be a cost center

CFO Dive

CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

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Software Evaluation: Time to Reframe How You Evaluate

Navigator SAP

Indirectly, ChatGPT helps us answer the question: What’s the best software solution? ChatGPT doesn’t give us the answer directly, but its inadequacy with such questions hints at how we should be looking at software evaluation. Much of the business community is currently looking at ChatGPT and thinking about both how it will change the world, and how it will change their business.

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Trending Sources

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Costco holds back on membership fee hike

CFO Dive

As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.

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How Does ERP Help in Manufacturing? A Comprehensive Guide

Navigator SAP

Emerging technologies have simplified complex business processes, making businesses more productive. One of these technologies is the enterprise resource planning (ERP) system–this system is designed to streamline and integrate the management process of critical business operations for enhanced workflows.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Workday CFO stepping down, former Apple exec to take over

CFO Dive

Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.

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More Trending

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Most small businesses worry about credit squeeze: Goldman

CFO Dive

Inflation last month persisted at more than twice the Federal Reserve’s 2% target, raising the possibility that policymakers may raise borrowing costs again next month.

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SUPD: Debt Ceiling & Inflation

Barry Ritholtz

I joined Pete Dominick to discuss the Debt Ceiling, Inflation, markets, and more. I pop into the pod around the 30-minute mark. (Before that, Pete discusses how his teenage daughter got scammed out of $5k by a fake border police grift, and why there is a sort of happy ending). We also discuss my thesis of the “ Disloyal Opposition ” as it applies to Debt Ceilings, fiscal stimulus, and even vaccines.

Marketing 111
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Value creation, innovation and digitalisation integral in CFO's life: CFOs

CFO News

Industry stalwarts discussed how digitalisation is the top focus of CFOs today and how it, clubbed with innovation and value creation is integral in a CFOs life. They further discussed how technology is not just an enabler today, but goes beyond it and has become a survival factor for all companies today, as all industry today is a tech industry.

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10 Friday AM Reads

Barry Ritholtz

My 3-day weekend morning reads: • Adidas After Yeezy : The partnership with Ye, formerly known as Kanye West, was the stuff of sneakerhead legend—and its demise has the shoe company scrambling to replace nearly half of its profits. ( Businessweek ) • What US Cities Pay the Most (and Least) for Everyday Jobs : From accountants to nurses to data scientists, the same job can deliver about 50% more pay if you’re willing and able to relocate. ( Bloomberg ) see also How some people get away with doing

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Startup CFOs focus on profitability amid funding winter, valuations to get more realistic

CFO News

The finance veterans highlighted that the funding winter for Indian startups will last at least for six to nine months more, and the investment crisis has normalised the valuation of startups.

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Weekend Reading For Financial Planners (May 27-28)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that while banks have been able to attract a younger and more diverse set of financial advisors compared to the rest of the industry, thanks in part to their built-in referral stream, a relative lack of independence and dated technology could lead some of their advisors to explore options with independent RIAs.

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BHEL appoints Jai Prakash Srivastava as CFO

CFO News

Srivastava possesses over 38 years of diverse and extensive experience across all major functions.

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The 5 best budgeting software solution to increase efficiency of the business

Spreadym

Budgeting software is an application designed to assist businesses in creating, managing, and tracking their budgets. It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports. Budgeting software typically offers features such as: Budget creation and planning: Users can set financial goals, create budget plans for different time periods (monthly, quarterly, yearly)

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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About 27K employees lost jobs at Indian startups to date, over 8K this year

CFO News

Chennai-based edtech startup Skill-Lync laid off employees as it consolidates operations across Chennai, Bengaluru, and Hyderabad amid global macroeconomic conditions. The year 2023 has become the worst year for tech employees as nearly 2 lakh tech employees -- from Big Tech firms to startups -- have been sacked to date globally, as companies like Meta, BT, Vodafone and many others announced further plans to lay off more employees in coming months.

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Hiring your first FP&A analyst

Cube Software

What is an FP&A analyst? A financial planning and analysis (FP&A) analyst is an accounting professional who works to develop plans and analyze financial results. These reports help a business make sound financial decisions.

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Go First cancels all flights till May 30, citing operational reasons

CFO News

Earlier, the airlines had cancelled flights till May 28. In a note posted on Twitter on Saturday, the airline said, "We regret to inform that due to operational reasons, Go First flights scheduled till 30th May 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations.

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Discretionary spending likely to revive only in second half of FY24

CFO News

Consumers started reducing non-essential spending such as those on apparel, lifestyle products, electronics, and dining out since last year's Diwali, starting with mass-segment brands and in smaller towns. Companies said there is a slowdown in demand in cities since February-March.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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CFOs to be blamed for most of frauds, says Sebi WTM Mohanty

CFO News

"In retrospect, on the basis of the analysis we have done, many of the frauds could have been prevented if CFO would have acted as the first level of check to these activities of the management," he said, addressing a CFO summit organised by industry lobby Ficci.

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Happy Forgings plans up to Rs 1,200 crore IPO

CFO News

Happy Forgings is now the largest supplier of forged and machined components to the automotive industry's commercial vehicles and tractor segments. Together, these two segments constitute 75% of its total revenues.

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Mukesh Ambani named as member of advisory committee of COP28

CFO News

Mukesh Ambani, CEO of Indian conglomerate Reliance Industries, has been selected as a member of the international advisory committee for the 28th session of the Conference of the Parties (COP28). The panel features 31 experts from across the global south who are policy makers, finance executives, and sustainability leaders, among others.

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Sebi to ease compliance burden for passive funds

CFO News

"By easing the compliance burden, Sebi aims to foster the growth of passive investments in the Indian mutual fund industry," Sebi whole-time member Ananta Barua said while speaking at the mutual fund summit organised by industry body Assocham in the national capital.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Alan's Bugles comes to India as Reliance ties up with General Mills

CFO News

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures Limited (RRVL), on Friday launched Alan’s Bugles in India. The product will first make way in Kerala and will be gradually expanded across India, the company said in a statement.

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Zee-Sony merger: NCLAT sets aside NCLT order directing bourses to reconsider approval

CFO News

The National Company Law Appellate Tribunal (NCLAT) on Friday set aside an NCLT order which had directed bourses NSE and BSE to review the grant of NOC to the merger between Zee Entertainment and Culver Max Entertainment (earlier known as Sony Pictures Networks India), reports said. Earlier this month, Japanese conglomerate Sony Group Corporation Chairman and CEO Kenichiro Yoshida said he expects the merger to be complete within the first half of this fiscal.

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DoT won’t give 5G spectrum to enterprises for private network

CFO News

The DoT is of the view that it won’t be feasible to directly allot spectrum to enterprises for private networks under the present legal framework, according to officials aware of the details.

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India's exports to Germany may get adversely impacted due to recession: Exporters

CFO News

New Delhi, May 26 (PTI) With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.