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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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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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Age is just a number: How older adults view healthy aging

Mckinsey and Company

The results of a survey from the McKinsey Health Institute shed light on the health perceptions and priorities of people aged 55 and older.

Numbers 306
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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: • The King’s Dominion (The real Succession) : His sons are at war. He’s divorced his fourth wife and broken an engagement to a would-be fifth. The jewel in what’s left of his crown faces a billion-dollar lawsuit.

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8 Sins of a Manual Reconciliation

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

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From informal to formal economy

CFO News

Not just in India, the informal economy is a major concern for the whole world. The only good news is digitisation is helping India march forward rapidly but a lot needs to be achieved.

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The beauty market in 2023: A special State of Fashion report

Mckinsey and Company

The glow of the beauty industry has proved hard to resist, attracting many new companies and investors. Brands must make differentiating choices to find success in this shifting and increasingly competitive landscape.

Marketing 278
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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.

CFO 212
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The First Rule of Dunning Kruger…

Barry Ritholtz

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

Math 111
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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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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Why Business Process Automation Is Important: Exploring the Benefits

Navigator SAP

Don’t you wish there were more hours in a day to finish everything you need to accomplish? We know you want to maximize your team’s output, so many business owners are turning to business process automation to help with manual tasks.

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A monthly update on the state of the US consumer: May 2023

Mckinsey and Company

Consumers’ views on the economy are diverging—and their behaviors are, too. Here’s the latest data from our ConsumerWise team.

Retail 297
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Investors oppose using ESG criteria in retirement funds: Gallup

CFO Dive

U.S. companies face intense pressure to embrace sustainability even as many Americans do not want ESG goals to guide the investment of their retirement money.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The War on Poverty Is Over. Rich People Won. The sociologist Matthew Desmond believes that being poor is different in the U.S. than in other rich countries. How is poverty different in America than in its peer countries? Matthew Desmond: We have more of it. We have double the child-poverty rate of Germany and South Korea.

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Consolidation Solution Checklist

Finally, a solution for all. The need for a consolidation engine varies from one organization to the next. Mid-market companies have been forced to rely on standalone Excel and Tylenol for too long. Download the checklist to see if it’s a consolidation solution that’ll get rid of those darn headaches.

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Will boost digital economy, won't impact businesses, say CFOs on RBI’s Rs 2000 notes move

CFO News

The RBI, on May 19, said Rs 2,000 notes will be withdrawn from circulation and asked banks to stop issuing these notes with immediate effect. ETCFO captured the view of CFOs on the impact of this decision on different sectors and overall economy.

Banking 105
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What Is ERP Automation? Unlocking the Potential of AI

Navigator SAP

Businesses of all sizes can now automate common workflow procedures and operate with remarkable efficiency thanks to recent breakthroughs in AI-based machine learning and Enterprise Resource Planning (ERP) software.

Planning 130
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Fintech in MENAP: A solid foundation for growth

Mckinsey and Company

Fintech in the Middle East and North Africa is burgeoning, thanks to funding increases and revised licensing regimes. Sustaining growth will require concerted effort by businesses and governments.

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As employees eye new tech, Nintex CFO stresses balance

CFO Dive

CFOs and their C-suite peers need to look at both what they want out of tools like generative AI as well as what their employees are asking for when it comes to technology.

CFO 226
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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Average Cost of Service and Economies of Scale

The SaaS CFO

Average Cost of Service (ACS) is an important but obscure SaaS metric for SaaS finance. I reference this metric when speaking with SaaS founders and finance teams about the balance between their cost structure and pricing plans. It’s also a component of my SaaS Scalability Index (SSI). Average cost of service helps us determine if […] The post Average Cost of Service and Economies of Scale appeared first on The SaaS CFO.

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Crackdown on tax violations: 10,000 fraud GST registrations turn up in first week of drive

CFO News

In many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of business to obtain GST registration.

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Nvidia Breaks Away

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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Growth and resilience through ecosystem building

Mckinsey and Company

Effective ecosystem strategies can deliver valuable near-term benefits as well as generate long-term growth and resilience. Leaders are finding significant benefits already.

Sales 242
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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Resilience sounds alarm on 300% ransomware resurgence

CFO Dive

Ransomware claims by the cyber insurer’s customers grew 300% from the third quarter of 2022 to the first quarter of this year.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Debt-Ceiling Fight Sends Investors Hunting for New Havens : Traders worried about a potential U.S. default are swapping their go-to safe haven for the bonds of America’s top-rated companies. Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. Treasury bills that will mature over the next several months while paying a premium to buy debt issued by Microsoft and Johnson & Johnson, two of the highest-rated U.S. c

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India Inc supports employees with special needs children

CFO News

They are offering support in the form of medical coverage, resource groups, caregiving leave, access to learning materials, and employee assistance programmes, to not just ensure these children are given a chance to thrive but also help improve mental health and productivity of employees.

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Pfizer’s $43B Pursuit Of Seagen: Q&A With Séverine Piot-Deval

Global Finance

Pfizer’s $31 billion bond sale to fund its $43 billion acquisition of cancer drug maker Seagen is one of the largest in history. Healthcare expert Séverine Piot-Deval discusses the deal with Global Finance.

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Chit Chat: Elevating the Month-End Close Process Through Automation – Lancaster Leaf

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.