April, 2024

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Shifting accounting norms for the AI age: EY

CFO Dive

The rise of AI in the accounting space could bolster the need for core financial skills and expertise, EY’s Daren Campbell says.

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Case Study: Financial Clarity with Modern Nonprofit Accounting Software

The Charity CFO

For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on th

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Moving the needle: transformation in finance

Future CFO

In the world of business where change is constant, it is a given that the finance function rides on the waves to maximise benefits for their respective organisations. According to Gartner , it is important that finance leaders fully understand the scope of changes that genuine transformation requires, as it observes that finance transformation efforts are falling short of CFOs’ objectives in large part.

Finance 98
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At the Money: Managing a Portfolio in a Higher Rate Environment

Barry Ritholtz

At The Money: with Jim Bianco, President Bianco Research (April, 03, 2024) Interest rates have risen by over 500 basis points during the past 24 months. In this new interest rate regime, TINA is no more. Investors should be considering capturing some of that yield in their portfolios. Full transcript below. ~~~ This week’s guest: Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Employee Experience Expectations

VCFO

Evolving Employee Experience Expectations in 2024 Creating an exceptional employee experience is more than a one-and-done endeavor. As people, markets, and the world around us change, so do employee expectations. Evaluating these shifts and what you need to do to not only create but sustain an optimal environment for your workforce is beneficial to your business.

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Record GST collection reflects India's economic strength and mature GST ecosystem: ICAI President

CFO News

ICAI President, Ranjeet Kumar Agarwal, praises record GST collection surpassing Rs 20 lakh crore for FY 2023-24, highlighting better compliance and economic growth.

Economics 102
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Let’s weigh in on the I Bonds vs. T-bills debate

Tips Watch

By David Enna, Tipswatch.com Last week I was being interviewed by CNBC’s Kate Dore about I Bond investment strategies, and I found myself asking her a question: “Do you think the Federal Reserve has learned a lesson?

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Webinar- Demystifying SAP FI-CA for Handling High Volume and Velocity of Transactions in DSE

Bramasol

As the Digital Solutions Economy (DSE) has proliferated across many industries, the challenges of data Volume, Velocity, Density and Complexity have become critical for success. In this webinar , experts from SAP and Bramasol provide a deep dive into how SAP FI-CA, with proven capabilities for contract accounting, helps to address the key Volume and Velocity issues.

SAP 101
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Retail sales surge as economy enters Q2 spurred by spend-happy consumers

CFO Dive

After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.

Sales 291
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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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A Short History of Stocks

Barry Ritholtz

Confused about where we are today? A favorite exercise is to go back to first principles to consider how we got to where we are. (That is a favorite way to find fresh insights). On the equity side, you have to go back a century or so. Equities were considered speculative endeavors, best suited for gamblers and punters. The exceptions? A handful of “Widows & Orphan” stocks, like Ma Bell, some railroads, utilities and the rare bank that was not suffering regular runs.

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Overcoming User Resistance and Training Challenges in ERP Adoption

Navigator SAP

There are many benefits from ERP for food industry operations, especially for manufacturing operations. The benefits of ERP data analytics in manufacturing include better demand planning, tighter production schedules, and less waste, for instance.

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BMO deepens commitment to equity and environmental sustainability with $1 million investment in Parks California

Bank of the West

BMO has announced a groundbreaking $1 million donation to Parks California, the official non-profit partner to California State Parks. This transformative grant will support the organization’s mission to provide career… Read more The post BMO deepens commitment to equity and environmental sustainability with $1 million investment in Parks California appeared first on About BMO.

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U GRO Capital CFO calls for new NBFC category to boost MSME financing

CFO News

U GRO Capital's CFO, Kishore Lodha, suggests a distinct NBFC category for MSMEs to address their financial needs effectively. The CFO also highlighted the company's commitment to sustainability, emphasising growth strategies, including impact assessments and innovative financing solutions like rooftop solar and water sanitation.

CFO 116
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Empowering Business Travel: The CFOs Guide

Business travel is more than just a line item. It’s a strategic opportunity to align with your company’s goals and empower your employees. With 60% of employees dissatisfied with the ease of booking and modifying travel plans, there’s a significant opportunity to improve travel management. This one-pager explores how to transform travel into a powerful tool for organizational success.

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Financial Risk Management: Small Business Advice from a CFO

CFO Share

Fractional CFOs view the world through two lenses: risk and reward. Business owners focus mainly on reward (profit), which is easy to measure, while tragically few entrepreneurs look back on a month with low profits and say, “well, at least we managed our risks properly.” Despite the general preference to focus on profits, financial risk management is crucial to long-term success.

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Companies cut salary budget increases to 3.6%, trim promotions: Mercer

CFO Dive

Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.

Budgeting 312
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What Recession? State Coincident Indicators

Barry Ritholtz

Between book leave and COVID I have been pretty quiet lately. Since it’s been a few months, I thought we could take a quick look at the Federal Reserve Bank of Philadelphia’s State Coincident Indicators out for both January and February 2024.1 As the charts above show, the economy on a state-by-state basis has markedly improved from Q4 2023’s softening.

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Why are inventories often not efficient?

Navigator SAP

When manufacturers think about efficient inventory management, usually the first things that come to mind are knowing the location of raw materials and finished goods, and making sure that stocks don’t sit idle too long. But more goes into efficient inventory management than that.

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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Next week’s 5-year TIPS auction has solid appeal

Tips Watch

By David Enna, Tipswatch.com Note: I am posting this auction preview early because my I Bond buying guide will be going up Sunday morning. Keep in mind that real yields are currently highly volatile and will change by Thursday’s auction.

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India requires 30 lakh CAs for $30 trillion economy by 2047, says ICAI President

CFO News

ICAI President Ranjeet Kumar Agarwal projects a surge in demand for chartered accountants, supporting India's aim of a $30 trillion economy by 2047. He also emphasizes on the pivotal role of digitalization and the institute's initiatives for skill enhancement and global alignment with mutual recognition agreements.

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Early Warning Signs of Financial Trouble in Your Business

CFO Share

Whether you’re a proactive leader scanning the horizon for potential problems or a concerned entrepreneur afraid you’re already in the midst of a downturn, you need to know the early warning signs of financial trouble. Identifying these signals could be the difference between successfully navigating rough waters and going down in a shipwreck. If you can keep your cool and understand why businesses fail financially , you will be able to spot these 8 early warning signs of financial trouble in yo

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Cyberattacks pose biggest business threat, small companies say

CFO Dive

Small businesses in professional services are more concerned about cyber risk than those in manufacturing or other services, the U.S. Chamber of Commerce said.

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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1958 BMW 507 Series II Roadster

Barry Ritholtz

In the northeast, Spring has fully sprung. Temps are expected to kiss 80 today, and after a mild winter, we have been enjoying abundant sunshine. The daffodils and tulips are up, the magnolias are blooming, and the pear and cherry trees are explosions of colors! All of that blue sky beckons us to hop in a roadster to enjoy the open road. My first high HP car was a BMW convertible, but the open-top car that set the standard was the 507.

Sales 111
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Automation: The Core of Efficient Inventory Management

Navigator SAP

As accurate and efficient as employees can be in the inventory department, machines are better at it. Manufacturers already know that robotic process automation improves manufacturing quality and performance, and the same technique can be applied to a manufacturer’s inventory department through inventory process automation and the backend systems that enable it.

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Use innovation to drive finance’s operational excellence and business outcomes

Future CFO

Finance operations are not as simple and clear-cut as it was decades ago. Given the imperative to accelerate digital transformation across industries, CFOs and finance teams need to get better at adopting new technologies and driving the integration needed to make these work optimally. Based on findings from Deloitte’s Asia-Pacific CFO Survey , striking the right balance between broad accounting proficiency and specialised technological skills has become a paramount concern for CFOs in the regio

SAP 98
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At 59.1 in March, India's manufacturing PMI hits 16-year-high

CFO News

India's Purchasing Managers' Index (PMI) skyrockets to a 16-year-high, reflecting surging production, sales, and stockpiling, a recent report said. The job markets see a welcome return of hiring, but there was a looming shadow of inflation. The HSBC India Manufacturing PMI Report suggest optimistic signs and potential roadblocks for India's manufacturing boom.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.