Sat.May 06, 2023 - Fri.May 12, 2023

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Burying bad 8-K news raises red flags

CFO Dive

Researchers assert some companies “strategically” divert investor attention from negative SEC filings by issuing concurrent press releases on unrelated matters.

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Why more Indian startups are hiring CFOs? Razorpay, Xpressbeez and Shiprocket CFOs weigh in

CFO News

Startups are hiring CFOs for financial prudence, compliance and cost optimisation as they face a funding drought and investor demands.

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Trending Sources

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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

In my last post, I looked at banking as a business, and used a simple banking framework to advance the notion that the key ingredient tying together the banks that have failed so far in 2023 is an absence of stickiness in deposits , created partially by depositor and deposit characteristics (older are stickier than younger) and partly by growth in deposits (high growth increases stickiness).

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Entrepreneurial mindset drives growth: ex-Poshmark CFO

CFO Dive

When it comes to growing a business of any kind, thinking like a founder is key, regardless if you are one or not, former Poshmark CFO Kapil Agrawal said.

CFO 231
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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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Inflation eases yet persists at more than twice Fed target

CFO Dive

Core inflation, which excludes food and energy prices, remains high despite 10 consecutive increases in the federal funds rate since March 2022.

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More Trending

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Banks expect to tighten credit throughout 2023: Fed

CFO Dive

A pullback in bank credit that began in 2022 has accelerated since a flare-up in financial sector instability started in March.

Banking 213
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Why Operational Visibility Should Be a Priority for CPG in 2023

Navigator SAP

Influencers, online comparison shopping, and Amazon have dramatically altered the landscape for consumer packaged goods businesses in recent years. Then the pandemic came along, which further messed with business models, supply chains, and revenue projections for CPG firms. Expectations for growth within the industry are strong, with 86% of CPG firms predicting a 2% or greater growth rate in the next 12 months, according to a recent industry survey conducted by Canam Research and sponsored by Na

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“Glass Half-Empty” Investors

Barry Ritholtz

There’s an old joke about a hypochondriac who is constantly complaining to his doctor about his many numerous, mysterious ailments. The Doc runs a full battery of tests, and delivers the bad news to the patient: “ Unfortunately, everything is okay… ” And that seems to be the same way many of today’s glass half-empty investors are digesting information about the markets.

Marketing 124
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Make a value case for ESG, rather than business ones, say CFOs

CFO News

Financial leaders need to focus on long-term sustainability and incorporate environmental, social and governance factors into their businesses, senior finance executives said at an ETCFO panel discussion.

Finance 119
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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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PwC, KPMG China audits are flawed: PCAOB

CFO Dive

The PCAOB findings follow U.S. success in overcoming opposition from Beijing to the inspection of audits of China-based companies listed on U.S. stock exchanges.

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Why Do Companies Use Automation? Exploring the Benefits

Navigator SAP

The latest surveys involving global businesses in various sectors reveal a steady growth in business automation using enterprise resource planning (ERP) systems. In 2020, a study featuring business leaders from different parts of the world showed that 66% of global businesses piloted various automation solutions, while 31% of global businesses have fully automated at least one of their business processes.

Planning 130
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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How a Dishwasher Engineer Challenged Elon Musk’s Grip on Commercial Space : A Kiwi named Peter Beck built Rocket Lab into the second coming of SpaceX. An exclusive excerpt from When the Heavens Went on Sale, by the bestselling author of Elon Musk. ( Businessweek ) • The Secrets of Reedy Creek : Disney and Florida Gov.

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J&K Bank auditors raise red flags in FY23 accounts over employee stock transaction

CFO News

The J&K Bank’s auditors said its employees availed loans from the bank to purchase the shares, but that was in violation of the Reserve Bank of India’s directions.

Banking 111
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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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Ransomware claims jump back up

CFO Dive

Ransomware claims filed by U.S. clients of insurance broker Marsh spiked 77% in the first quarter, following a downward trend in 2022.

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Barcode Scanners Improve your Warehouse - Top 5

Navigator SAP

A barcode scanner is a device that reads barcodes and converts them into digital data. When integrated with an enterprise resource planning (ERP) system, a barcode scanner can significantly improve inventory accuracy. An ERP system is a software solution that integrates all the different departments of a company into one central system to manage their operations more effectively.

Planning 130
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Presenting to the Board – A Nonprofit CFO’s Perspective

Centage

with Susan C. Lowe, CPA, CGMA As a nonprofit finance leader, you are accountable to many stakeholders – especially your Board of Directors. Your role is critical and complex as you know and understand the financial operations of your organization inside and out – and are ultimately responsible. You are a master of your companyʼsʼ financial data – and there is so much of it to manage.

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J&K Bank’s FY23 results: Auditors raised flags and now regulators should act, says Amarjit Chopra

CFO News

A high level of compliance with various rules and regulations and sound governance practices are expected in state-run banks, particularly in view of huge public interest and appointment of directors by the government on their Boards, says the former ICAI President.

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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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Making the CFO-to-CEO leap: Velocity Global

CFO Dive

Being inquisitive about the broader business and “not necessarily going in as a CFO all the time” can help finance leaders make the jump to the CEO chair, said Frank Calderoni, CEO of Velocity Global.

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Join Navigator at the 2023 Bio International Convention in Boston

Navigator SAP

The BIO International Convention attracts 14,000+ biotechnology and pharma leaders for one week of intensive networking to discover new opportunities and promising partnerships. Navigator Business Solutions will be attending the 2023 Bio International Convention in Boston, MA June 5th - 8th.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • How Sam Bankman-Fried Peddled a Story Everyone Wanted to Believe : In an excerpt from his upcoming book, Axios’s Brady Dale explores “what we think we know” about Sam Bankman-Fried, FTX, and the crypto industry. ( Institutional Investor ) • Where to Invest in Real Estate Now : Four experts offer timely ideas on where — and whether — to invest in this messy market. ( Bloomberg ) • 2023 World Changing Ideas Awards : Fast Company’s annual World Changing Id

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Inflation in some commodities seen, pockets of stress remain : Dabur CFO

CFO News

With the question in every CFO's mind running if inflation remains a concern for them for this fiscal where dealing with higher raw materials prices and hedging the currency also become priority , Jain feels there are pressures on some commodities and rural demand has been affected due to the continued inflationary pressure.

CFO 104
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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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FASB’s tax proposal will ‘change the game’

CFO Dive

Previous FASB calls for greater income tax transparency have drawn pushback from businesses. This time the initiative appears to be gaining steam.

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What Is Intelligent ERP? Unlocking the Potential of AI

Navigator SAP

Artificial intelligence (AI) is undoubtedly transforming every sector of the global economy, providing enterprises with cutting-edge systems to automate their core business functions and processes. This technology has been incorporated into various software development projects including the development of enterprise resource planning (ERP) systems.

Planning 130
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The Power of Onboarding: Setting New Employees Up for Success

CFO Talks

By  Jeff Ryan , Managing Director for AWCape, a Platinum Sage Business Partner Have you ever heard of someone or a colleague who left their new job within the first two months of joining?  If the onboarding process is executed effectively and comprehensively, instances like these can be significantly minimized. Onboarding new joiners is a complex process that involves multiple teams and stakeholders, including HR, IT, the new hire’s direct manager, and more.

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Grant Thornton sees its CFO advisory business growing by 45% in FY24

CFO News

Grant Thornton Bharat may hire 400-500 people under its CFO advisory practice during FY24 to add to its existing size of 650 plus dedicated workforce in that domain.

CFO 105
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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.