July, 2023

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How finance chiefs can cut back on IT spending waste

CFO Dive

To tackle outdated or redundant tech driving up IT spending costs, CFOs need to work with CIOs to create a “common plan,” LeanIX’s Christian Richter said.

Finance 233
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The Benefits of Real-time Reporting and Data Analytics for Professional Services

Navigator SAP

Most professional services organizations have completed digital transformation, which is the trendy way of saying that they’ve moved operations to the cloud. Now that most of these businesses are in the cloud, though, the next evolution has arrived: using the advantages of digital transformation to actually drive intelligent decision-making. Forget digital transformation.

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Trending Sources

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Not just Auditors, CFOs too are responsible for delayed reporting of accounts: Legal experts

CFO News

​ETCFO exclusively discussed the role and responsibility of CFOs in delayed reporting of accounts with legal luminaries. What the law says over two crucial issues are the CFOs not equally responsible as auditors for delays or the lack of submission for financial statements and if it's only the auditors who have to resign over delayed submission of financial accounts - what does the law state about CFOs ?

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The Broker Who Saved America

The Reformed Broker

You know Hancock and Washington and Franklin and Jefferson. You might even know Greene and Knox, Henry and Hale. And we know you know Hamilton, pretty tough to escape that one these days! But it is very unlikely that you know the name Haym Solomon. This is unfortunate, because he’s the guy who arranged financing to keep the Continental Army alive during its darkest days, finding the money to keep the revolution goin.

Finance 144
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Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

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NVIDIA exec: banks must prep for AI boom

CFO Dive

While generative AI has potential, this “new generation of AI doesn't run well, at all, on the current computer infrastructure that banks have,” NVIDIA’s Malcom DeMayo said.

Banking 229

More Trending

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What CFOs should keep in mind in the age of AI

CFO Talks

Written by Leigh Schaller At the recent CFO Africa conference, four CFOs shared their thoughts on managing the tech transitions and whether AI poses an existential threat to CFOs. CFOs (from left) Chengai Ruredzo, Veliswa Rozani, Averen Deonanan and Scott Farrell discuss the role of automation in the CFO landscape at the CFO African Conference in Johannesburg.

CFO 98
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Why ERP is a Strong Strategic Move for Businesses Preparing for an Economic Downturn

Navigator SAP

Does it feel like the future has become more uncertain lately? If you and your business are worried about the direction of things, you’re not alone. The world has changed since the pandemic, and uncertainty about the direction of the business environment is a common sentiment. Confidence in the business environment decreased by more than 10 percent last year, according to the business sentiment index produced by business climate tracking firm, IBSWorld.

Economics 218
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Coffee Day reports default on Rs 465 crore debt in April-June quarter

CFO News

Default on loans stands at Rs 244 crore while on unlisted debt securities, it stands at Rs 220 crore. The Securities and Exchange Board of India had earlier found Rs 3,535 crore worth of fund diversion at Coffee Day Enterprises.

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IPOs: Offerings Keep Trickling In

Global Finance

Global Finance Magazine - Sticky inflation, interest rate hikes, and Russia’s ongoing war in Ukraine are among the factors that will continue to chill IPO prospects.

Finance 98
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Live Demo: How to Achieve Reconciliation Zen

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Datarails rolls out ChatGPT-style FP&A tool

CFO Dive

The new tool seeks to help finance teams deliver insights for business decisions more quickly. It uses the same kind of technology that’s behind Microsoft-backed Open AI’s ChatGPT solution.

Finance 234
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More Inflation Expectations Silliness

Barry Ritholtz

This morning, the WSJ reported that “Consumers expect to see 4.1% inflation a year from now, the lowest such reading in two years and down sharply from its recent peak of 6.8%.” There are some who believe this is good news, but as we pointed out in May , it’s a meaningless, lagging survey. In fact, it may be even worse than that, because it appears that some at the Federal Reserve actually believe the Fed’s own survey of consumers contains information.

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#FA Success Ep 343: The Evolution Of Super-OSJ Platforms To Support Independent Advisors, With Rita Robbins

Nerd's Eye View

Welcome back to the 343rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rita Robbins. Rita is the Founder and President of Affiliated Advisors, a Super-OSJ with Royal Alliance that provides support to 90 financial advisors and collectively oversees $3.5 billion in assets under advisement. What's unique about Rita, though, is how as the founder of one of the first woman-owned Super-OSJs nearly 30 years ago, she has witnessed first-hand the evolution of the Supe

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Navigator Business Solutions Announced as one of Bob Scott’s VAR Stars 2023

Navigator SAP

Navigator Business Solutions has been named to the Bob Scott’s Top 100 VARs for 2023.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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96% of Indian employers plan to recruit Finance Professionals in 2024: ACCA

CFO News

According to the survey report by Association of Certified Chartered Accountants (ACCA), about 80 per cent of the employers plan to further train and upskill their existing employees working in finance, to keep up with the evolving field.

Finance 111
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We Have Lost All Sense of Decorum

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Sam Ro, Jack Raines, and Downtown Josh Brown discuss AI and the market, the meme economy, Nvidia’s rollercoaster year, the earnings recession, financial charlatans, Berkshire’s massive bet on Apple, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Finance function budgets jump 7.5%: study

CFO Dive

The majoriy of finance departments studied were about as efficient as a “monster truck,” a Hackett Group researcher said. There are steps companies can take to make them run more like Priuses.

Finance 233
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Majority of Hedge Funds Fail to Meet Benchmarks

Barry Ritholtz

Barry Ritholtz, “Masters in Business” Radio and Podcast Host discusses the environment of hedge funds and the war on talent between them. He speaks with Romaine Bostick and Scarlet Fu on Bloomberg Markets: The Close Vast Majority of Hedgefunds Are Failing to Meet Targets: Ritholtz Source: Bloomberg See also : MiB: Ilana Weinstein Discusses the Hedge Fund War for Talent (July 1, 2023) The post Majority of Hedge Funds Fail to Meet Benchmarks appeared first on The Big Picture.

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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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Suresh Kana: What CFOs should know about the new IFRS sustainability standards

CFO Talks

The new IFRS sustainability standards will impact businesses large and small, says Suresh Kana, trustee and deputy chair of the IFRS Foundation. Kana unpacked these standards and their sweeping consequences at the recent CFO Africa Conference. What the standards entail The two standards, named S1 and S2, were published on the 26th of June this year.

IFRS 98
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Meeting Sage Consultants - Fispan’s journey at the Sage Partner Summit

FISPAN

Read about FISPAN's experience at Sage Summit 2023, where Dorian Simon, Product Manager at FISPAN, shares insights on integrating bank treasury services into ERP systems like Sage Intacct.

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GST offences not covered under PMLA, say experts

CFO News

The Directorate General of GST Intelligence in the Centre and the Bureau of Investigation in States, which deal with the investigation based on intelligence inputs from various authorities or agencies, are the proper officers for GST offences, experts say.

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How global treasurers and CFOs should approach an erratic economy

Future CFO

Faced with ongoing market volatility, the enterprise C-suite is leaning on its treasury teams like never before to protect company assets and to (ideally) also capitalise on competitive opportunities emerging from an unstable macroeconomic climate. Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions.

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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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How predictive analytics can curb just-in-time inventory pitfalls

CFO Dive

CFOs can use predictive analytics to avoid panic buying, anchor price bias and overpaying suppliers, Edmund Zagorin, an executive with the procurement platform Arkestro, writes.

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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 Physics of Kaizen: Why Somebody Should Get Credit for Fixing Problems That Never Happened : Toyota’s culture of Kaizen: continuous improvement. It is an obvious statement: companies should be continually improving. Companies that are able to successfully adopt a culture and practice of Kaizen have the ability to establish a dominant position in their market. ( Taylor P

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Jack and Sam visit The Compound

The Reformed Broker

The downloads for this episode as an audio podcast are among the fastest we’ve ever seen, with over 30,000 listens in the first couple of days and counting. This will go over 45,000 by week’s end. The YouTube video is on pace to do a similar number. Combine the two and you’re talking about one of the biggest audiences in finance for a podcast episode.

Finance 98
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Global opportunities and recognition: What the new international CFO alliance means for you

CFO Talks

Written by Staff Writer South African CFO Club was recently part of the historic founding of the International CFO Alliance. But what does this mean for you? Access to bigger markets and global recognition, according to the new chairperson. “Imagine a CFO Club Africa Member being afforded an opportunity to apply… and being awarded an international CFO designation.

CFO 98
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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.