Mon.Jul 17, 2023

article thumbnail

‘State-of-the-art’ Kraft Heinz facility to cost in excess of $400M

CFO Dive

The high-tech warehouse, which is expected to open in 2025, is expected to feature robotic technology allowing fully-automated selection of Kraft Heinz products.

article thumbnail

How to Get Rich in the Markets

Barry Ritholtz

Money makes the world go round. Global capital markets (stocks, bonds, private investments, real estate) are worth over $100 trillion. If you want to become wealthy, go where the money is. If you are smart, and understand how to play this, your odds of amassing a small fortune go up dramatically. Buy a lot of people go about it the wrong way; some never achieve their goals, others get there late in life.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFOs warm to outsourcing

CFO Dive

Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs.

Finance 221
article thumbnail

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.

article thumbnail

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.

article thumbnail

SIFMA calls to slow CECL credit-losses project

CFO Dive

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

More Trending

article thumbnail

Gensler sees companies with AI gaining clout over consumers

CFO Dive

The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.

Marketing 218
article thumbnail

15% global minimum tax to come into effect next year: OECD

CFO News

Global minimum tax of 15 per cent will come into effect from next year and by 2025 almost 90 per cent of MNCs having revenues of more 750 million euros will be subject to the levy in every country of operation, said OECD in its report to G20. "The implementation of the global minimum tax is now well underway and will come into effect from the beginning of next year," the Organisation for Economic Cooperation and Development (OECD) said in a report to G20 finance ministers and central ban

article thumbnail

6 strategies for effective cost takeout

CFO Dive

CFOs have an opportunity to step up as change leaders – taking bold steps to build resilience and agility.

130
130
article thumbnail

India Inc fears supply shocks, rate hikes, higher inflation as rain plays spoilsport

CFO News

Finance heads say as in the past, fiscal policy interventions via price stabilisation measures could be deployed to contain abnormal price spikes.

Finance 98
article thumbnail

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.

article thumbnail

Boards’ top ESG priorities: What are they?

Future CFO

When it comes to boards’ top ESG priorities, a majority of board members worldwide (75%) agree that a coherent ESG strategy helps to create sustainable organisational value and stronger financial outcomes, said WTW recently. However, many believe there are limited resources available to help tackle the specific areas of governance and environmental issues of boards’ top ESG priorities, WTW added.

article thumbnail

Adani’s go-to bankers at Barclays turn cautious after Hindenburg

CFO News

Barclays has reduced its exposure to Indian conglomerate Adani following allegations made by short-seller Hindenburg Research earlier this year. Some executives are scrutinising links with the company as a regulatory probe into the claims is due to end next month, according to unnamed sources. Barclays remains among Adani's core relationship banks, and all such banks are safe in their investments and exposure to Adani companies, the conglomerate says.

article thumbnail

Scaling A Digital Marketing Agency: A CFO's Guide to Success

Adam Kae

As a Chief Financial Officer (AKA ChiefFUNancial Officer) for digital marketing agencies, CFOAdam plays a vital role in ensuring the financial health and growth of your organization. In this blog post, we will explore key financial strategies that can help you effectively scale your agency and drive long-term success. From budgeting and forecasting to optimizing revenue streams, we'll cover essential considerations to empower your agency's growth journey.

CFO 52
article thumbnail

India Inc likely to spend 20-25% more on advertising in the second half of 2023

CFO News

Advertising and consumer promotion spending is anticipated to increase by 20-25% YoY during H2 2023, driven by the Cricket World Cup, a rainy summer causing companies to delay ad spending and the festive season, according to executives. E-commerce, FMCG, apparel, fintech, banking, hospitality, retail and the automotive industry are expected to lead the advertisement campaigns.

article thumbnail

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.

article thumbnail

Increase Your Product’s Value Through Data Visualization

Collectiv

Auditors are accustomed to handling vast amounts of data in endless rows and columns. But Excel spreadsheets have their limitations. Spreadsheets don’t tell a compelling data story to audiences without an accounting background, and they limit auditors’ ability to drill down to uncover insights and anomalies. eprentise is a group of software companies with products that accelerate business change by aligning data with new business initiatives.

article thumbnail

IT firms eye fixed price projects to improve margins

CFO News

Fixed-price projects allow better cost control and a greater ability to introduce automation in projects and expand margins. By contrast, ‘time and material’ control are directly linked to the number of people hard-locked to billable projects.

Numbers 52
article thumbnail

10 Tips for Nonprofit Financial Health

The Charity CFO

Just like a human body’s health situation can be complex, nonprofit financial health is similarly nuanced. That’s why staying financially healthy and keeping your nonprofit in tip-top shape requires the occasional “checkup” to see where you’re doing well and where you can improve. So what steps should nonprofit leaders take to ensure their organization will enjoy many happy years to come?

article thumbnail

Global rules proposed for crypto asset firms

CFO News

The recommendations, issued at the direction of G20, also revised its existing recommendations for stablecoins. The FSB published the final proposals requested by the G20 on supervising firms that trade cryptoassets such as bitcoin. However, the recommendations focus on risks to financial stability and do not comprehensively cover all specific risk categories related to crypto asset activities.

52
article thumbnail

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

article thumbnail

FCF Valuation Monitor – Q2 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q2 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and. Read more The post FCF Valuation Monitor – Q2 2023 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

New accounting standard for insurance soon

CFO News

The ministry of corporate affairs (MCA) has received recommendations by the National Financial Reporting Authority (NFRA) on the Indian Accounting Standard (Ind AS) 117 for insurance contracts, he told ET."The NFRA's suggestions are being evaluated. The standards will soon be notified under the Companies (Indian Accounting Standards) Rules 2015," he added.

article thumbnail

Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!

Musings on Markets

I am not a market prognosticator for a simple reason. I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis. At the start of the year, the consensus of market experts was that this would be a difficult year for markets, given the macro worries about inflation and an impending recession, and adding in the fear of the Fed raising rat

article thumbnail

Cash-strapped quick commerce startup Dunzo eyes $20 million more from Reliance Retail

CFO News

Reliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in the startup if the ongoing talks lead to the Mukesh Ambani-led conglomerate making an additional investment.

article thumbnail

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.

article thumbnail

Announcing IAR Ethics CE Day And The State Of The (Nerd’s Eye View) Blog

Nerd's Eye View

In the early days when financial advisors were first and foremost salespeople for insurance and investments products, the reality is that "advisor training and education" wasn't really about finance or advice… it was mostly just about learning how the company's products worked and how to effectively sell them to consumers. But as technology (in particular, the internet!

article thumbnail

India’s strength exports under stress as world moves to recession: Piyush Goyal

CFO News

Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are India’s strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm.

52
article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Is a Recession Coming? Better Check Men’s Underwear Sales. Champagne flows, lipstick sales, Dining out trends, library activity, Lipstick sales and Men’s underwear, and French fry sales each provide a little insight. ( Barron’s ) • Goodbye to the Prophets of Doom : The conventional wisdom about the global economy is that the rich have been getting richer and the poor have been getting poorer.

article thumbnail

Global debt dominates G20 finance talks

CFO News

Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the responsibility we have. to steer the global economy towards strong, sustainable, balanced and inclusive growth" Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said, speaking to reporters alongside US Treasury Secretary Janet Yellen.

Finance 52
article thumbnail

Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.