Thu.Jan 19, 2023

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Big Tech braces for dismal profits, more layoffs

CFO News

Big US technology firms are expected to announce layoffs cut costs through the next few months, reversing pandemic-era excesses

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What is generative AI?

Mckinsey and Company

Generative artificial intelligence (AI) describes algorithms (such as ChatGPT) that can be used to create new content, including audio, code, images, text, simulations, and videos. Recent new breakthroughs in the field have the potential to drastically change the way we approach content creation.

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FASB mulls two new software accounting options

CFO Dive

The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985.

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European private banking: Resilient models for uncertain times

Mckinsey and Company

After one of its most successful years, Europe’s private banking industry will now need to navigate an uncertain macroeconomic outlook and evolving client needs.

Banking 309
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2024 Payroll Calendar Templates

These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.

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nCino cuts 7% of workforce, CFO departs

CFO Dive

nCino and Microsoft are the latest tech firms to announce layoffs. The sector has been hit by declining sales for PCs and software, plummeting valuations and high inflation.

CFO 212

More Trending

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How CFOs can come to terms with pay transparency

CFO Dive

Pay range disclosure mandates are on the rise. Finance leaders need to understand how these laws can both help and hurt them.

Finance 210
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Author Talks: A food-loving economist crafts a recipe for humane capitalism

Mckinsey and Company

Using the history of common foods and goods, Ha-Joon Chang explains the economics of industrial policy and the relationship between freedom and capitalism.

Economics 249
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ERP Software for Warehouses

Navigator SAP

Between workers and inventory, a warehouse has a lot of moving parts, and to run a smooth operation and ensure quality control in manufacturing , there must be a system in place that keeps all processes and information within departments transparent, up-to-date, and integrated.

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Back to Earth or Temporary Setback? Revisiting the FANGAM Stocks

CFO News Room

It has been a rocky year so far, in 2022, with worries about inflation competing with hopes about recovery for the market’s attention. In the midst of all the action, to no one’s surprise, have been six stocks (Facebook, Amazon, Netflix, Google, Apple and Microsoft or FANGAM) that have largely driven US equities for the last decade, roiling the market with their most recent earnings reports.

Valuation 130
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8 Signs Your Accounting Team Is Ready to Automate Month-End Close

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

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

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Billtrust plots growth in B2B

CFO Dive

Although many companies are pulling back spending amid the murkier economic climate, new CEO Sunil Rajasekar said the B2B payments firm is not.

B2B 130
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2:00PM Water Cooler 1/19/2023 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Bird Song of the Day Say’s Phoebe, Cimarron, Oklahoma, United States. Another epic media note: Habitat: grassland. “Pair interacting and mating. Male started with dawn song and changed to diurnal song. Birds were in the campground in a canyon that is vegetated with cedars and tall grasses. They were nesting on a building, or near it.

Economics 130
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Future Proof 2023

Barry Ritholtz

Last year, we hosted the first Future Proof conference , and it was. The reviews were fabulous: Morningstar , L.A. Times , Investment News , Financial Planning , RIA Biz , Think Advisor , Business Insider ; Afterward, I told you the traditional financial conference was kaput. Attendees from all over the country (and the world!) came to discuss the most important issues surrounding advising clients.

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The Power to Regulate Is the Power to Control

CFO News Room

In his 1819 opinion in McCulloch v. Maryland , US Supreme Court Chief Justice John Marshall famously stated what everyone already knew, “the power to tax is the power to destroy.” Americans also knew that the power to regulate imposes costs too, so it is akin to the power to tax. And they are now relearning a lesson they should have never forgotten, that the power to tax or to regulate is also the power to control, not just in the supposed “public interest” but in the interest of the regulators

Economics 130
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DOL Final Overtime Rules: Quickstart Guide for Employers

On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.

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10 years under EMIR and it may change again…

Simply Treasury

EMIR, reminder EMIR stands for “European Market Infrastructure Regulation” and has been passed on December 19th, 2012 and enacted on March 15th, 2013. The European Market Infrastructure Regulation is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby prevent future financial system collapses. Its focus is regulation of over the counter (OTC) derivatives, central counterparties, and trade repositories.

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Norwegian Cruise Line, Allstate, Roblox and more

CFO News Room

A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making the biggest moves midday: Norwegian Cruise Line — Shares sunk more than 6% after the cruise ship operator reported in a filing with the Securities and Exchange Commission that it will report a net loss for the fourth quarter and full year of 2022, as well as the first quarter of 2023. related i

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Budget 2023: Perfect Time for GST Amnesty Scheme and Appellate Tribunal

CFO News

The key expectation from this budget is the expeditious introduction of an Amnesty scheme to settle all procedural GST disputes since its inception in 2017. This will aid not only in augmenting already buoyant month-on-month GST revenues but also reduce the administrative burden of GST officers in undertaking lengthy enquiries or assessments.

Budgeting 105
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Is Robinhood Safe? – Good Financial Cents®

CFO News Room

As Robinhood has become increasingly popular among investors and traders, the question of whether or not it is a safe platform for trading has come under scrutiny. Many people have asked, “Is Robinhood really safe?” With its easy-to-use interface and commission free trades, Robinhood has become one of the most popular stock trading apps in recent years.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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What is Superplännen and how can organizations achieve it?

Jedox Finance

Find out how to tap into the power of a great plan in an interview with Kevin Alansky, Jedox Chief Marketing Officer. Kevin Alansky, CMO at Jedox Kevin Alansky, Chief Marketing Officer at Jedox, shares how to create a culture of decisiveness in an enterprise through powerful planning, emphasizing the importance of integrated business planning (IBP), collaboration, and critical software capabilities.

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What Great Sponsors Do Differently

CFO News Room

Companies across a range of industries as well as professional-services firms have been betting on sponsorship initiatives to improve the career advancement of their diverse hires. Unlike mentors who offer moral support or coaching, sponsors spend their own political capital to advance more junior sponsees, through advocacy and other tactical moves.

Planning 100
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Unpopular policy choices on the way to greater good – can the budget bite the bullet?

CFO News

India has made ambitious commitments at the COP and its implementation calls for concrete plans and actions. The budget this year has the unique opportunity to set India on a path of moving from consciousness to leadership. Enlisted are some of the key policy juggernauts which need consideration as the pace on G20 discussions and governmental priorities on ESG advance.

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The Future of Financial Leadership: Aligning Operational and Strategic CFOs

The Finance Weekly

The CFO role traditionally has two high-level leadership archetypes: strategic and operational. Though both have many of the same responsibilities, each type carries different expertise. An operational CFO optimizes performance by combining data from various departments with financial data. A strategic CFO focuses on creating long-term plans to achieve the company's goals.

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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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Moody's affirms positive ratings on four PSBs including SBI

CFO News

Rating firm Moody's Investors Service on Friday affirmed positive ratings on four Indian public sector banks including State Bank of India, Bank of Baroda, Canara Bank and Punjab National Bank. It maintained a stable outlook on all four banks' long-term ratings. ​​Credit conditions in India have gradually improved, with a significant reduction in the banks' stock of legacy problem loans over the past three years, the firm said in a statement.

Banking 95
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New 10-year TIPS auctions with a real yield of 1.22%, to apparently high demand

Tips Watch

By David Enna, Tipswatch.com After a week of declining yields in the Treasury market, a new 10-year TIPS auctioned Thursday with a real yield to maturity of 1.22%, a bit lower than looked likely just before the auction’s close.

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Adani Enterprises now plans to enter water segment

CFO News

Addressing media from Milan, group chief financial officer Jugeshinder Singh said the company has fixed the price band for the Rs 20,000-crore issue in the range of Rs 3,112-3,276 per share.

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Business optimism falls but remains above historic average

Future CFO

While global business optimism falls, the recession that businesses expect to hit this year might last only shortly, said Grant Thornton recently when releasing its International Business Report. Faced with high levels of economic uncertainty, business optimism among mid-market businesses has fallen a further five percentage points to 59% (down from 64% in the first half of 2021), according to the report, But the good news is that business optimism remains above the historic average, indicating

Finance 52
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Acterys: Revolutionizing CIO & CFO Decision-Making

Welcome to the Future of Technology for CIOs & CFOs! Ever stood on the precipice of a technological revolution, feeling the energy of change? Ever been captivated by the whispers of a software that's not just innovative but genuinely groundbreaking? Acterys unveils a groundbreaking technology tailored for CIOs and CFOs. This state-of-the-art solution streamlines data integration, analytics, and forecasting, empowering leaders to make informed decisions quickly.

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Mukesh Ambani is No.1 among Indians, 2nd globally on Brand Guardianship Index 2023

CFO News

The Brand Guardianship Index celebrates the CEOs, who balance the needs of commercial success, long-term brand building and personal reputation management. According to Brand Finance, the role of a brand guardian is to build brand and business value. It is a global recognition of the CEOs, who forge win-win partnerships to build a sustainable future, redefining the role of a CEO from an ultracompetitive entrepreneur to a collaborative diplomat.

Finance 59
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5 Ways Entrepreneurs Can Grow Their Small Business

Financial Analyst Insider

Many entrepreneurs start businesses with the expectation that they can quickly begin to produce money, only to learn that doing so is much more complex The post 5 Ways Entrepreneurs Can Grow Their Small Business appeared first on Financial Analyst Insider.

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India may find it hard to maintain current growth momentum in direct taxes next year

CFO News

Finance Minister Nirmala Sitharaman will present the Union Budget on Feb 1, that will include projections for next year's tax collection. Currently, net direct tax collection are growing at 19.5% year on year.

Finance 52