Mon.Jul 29, 2024

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Election turmoil ratchets up CFOs’ geopolitical risks

CFO Dive

Finance leaders’ agility is facing a fresh test as they consider potential impacts of the recent shakeup in the U.S. presidential election.

Finance 276
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GCC Banking’s New Techno-Frontier

Global Finance

Generative AI could help the Gulf’s traditional banks wrest the competitive advantage back from challenger and neobanks. While artificial intelligence was already promising profound changes in the traditional banking business model, the latest innovation in the technology—generative AI—portends a multisensory revolution in banking services. Indeed, GenAI, with its ability to collect and interpret financial data on a vast scale, could force some of the Arabian Gulf region’s biggest banks to rethi

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Ex-NJ law firm CFO sentenced to five years for $1.5M embezzlement scheme

CFO Dive

The former finance chief is required to pay $1.5 million as restitution to his former employer, the NJ AG’s office said.

CFO 264
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Nordic Finance: M&A And Partnerships Fuel Bank Growth

Global Finance

The Nordic financial sector is witnessing unprecedented bank-sector consolidation and fintech partnership-building activity. The surge in collaborative deals between traditional banks and fintech disrupters is helping finance houses develop deeper competence in next-generation digital and artificial intelligence offerings across core areas such as risk management, data analytics, robo-advisors, portfolio management, and fraud detection and prevention.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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3 Key Principles For Measurable and Actionable Standards That Help Cultivate Excellent Client Service

Nerd's Eye View

Most financial advisors strive to provide excellent client care and prioritize a systematic process to maintain regular communication with their clients both on a scheduled (e.g., annual meeting) and an "on demand" basis. And while individual advisors running solo firms are often able to intuitively sense when they're delivering their best, as they grow and scale their firms, that same advisor eventually goes from individually 'owning' every client relationship to sharing the workload with first

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ICAI, NFRA must support non-Big 4 firms with technology and regulatory changes, says Amarjit Chopra

CFO News

Former ICAI President highlights the disparity in remuneration between Big 4 and smaller audit firms, linking higher pay to better quality and to an extent mandated appointments as well and stressing the need for fair audit fees and greater awareness.

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Challenging The Banks

Global Finance

Nonbanks have eaten into traditional banks’ marketplace. Can the older banks retake lost ground by simply becoming more agile? Once upon a time, banking was simple: Take deposits, use depositors’ money to make loans, and transfer payments between clients and earn a commission. All three pillars are now under assault. Longer-term savings have migrated to wealth managers who promise much better returns over time.

Banking 104
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Artificial Intelligence has taken the world by storm. Here’s how Americans are using it to help with their finances

Bank of the West

Artificial Intelligence (AI) has had many breakthroughs in the past few years, and more and more households are beginning to incorporate it in their daily routines. The BMO Real Financial… Read more The post Artificial Intelligence has taken the world by storm. Here’s how Americans are using it to help with their finances appeared first on About BMO.

Finance 69
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GCC: A Magnet For Global Capital

Global Finance

The region’s transformation has turned the six GCC states into attractive destinations for international financial institutions and FDI. Amid a global landscape characterized by sluggish growth, soaring interest rates, and inflationary pressures, the six Gulf Cooperation Council states stand out for their resilience. Growth across Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain is expected to reach 3.7% this year, soundly outpacing the 2.9% global average, according to c

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Organisations must embrace neurodiversity in accountancy, ACCA says

Future CFO

According to the Association of Chartered Certified Accountants, granted that it is estimated between 15–20% of the population are neurodivergent, organisations have a moral responsibility to include and support neurodivergent individuals to create workplace environments where everyone’s challenges are supported and strengths are celebrated , and where neurodivergent individuals can thrive.

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Wealth Management Opportunities In The GCC Surge

Global Finance

Financial growth, a coming generational wealth transfer, and an influx of high-net-worth individuals is solidifying the region’s appeal as a fortune hub. Already one of the wealthiest regions in the world, the Gulf Cooperation Council states are solidifying their status as a hub for global fortunes. According to Boston Consulting Group, the region’s financial wealth is expected to grow by 4.7% annually by 2027, reaching $3.5 trillion, up from $2.8 trillion in 2022.

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3 Great Time Tracking Apps for Small Business Owners: Boost Productivity and Streamline Operations

KG Virtual CFO

Photo by Brad Neathery on Unsplash Efficient time management is often the secret sauce behind the success of small businesses. Navigating the complexities of day-to-day operations can be overwhelming, making it essential to manage your time wisely. Recently, more and more business owners are turning to time tracking apps to enhance productivity and maintain organization.

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African Energy Bank’s Launch Hampered By Funding Problems

Global Finance

Oil-producing African countries, operating under the aegis of the African Petroleum Producers Organization (APPO), have set up an African Energy Bank (AEB) with an initial capitalization of $5 billion to help fund African energy projects that face declining investments. However, the new institution faces a tough challenge as it adjusts to the changing global oil and gas market.

Banking 52
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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5 Signs Your Finance Committee is Not Effective

The Charity CFO

The effectiveness of a nonprofit’s finance committee can be a major factor in an organization’s success. An effective, engaged committee helps the organization proactively and effectively manage its finances to advance its mission. An ineffective committee, however, can hold your organization back and could even lead to poor financial health. Are you worried your finance committee isn’t as effective as it should be?

Finance 52
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Learn these 5 new skills to excel in your FP&A career

Cube Software

Making an impact: Crucial skills for strategic finance leaders FP&A professionals are experiencing a major shift in their roles. In the past, FP&A teams were primarily responsible for budgeting, forecasting, and analyzing variances. But now, they're expected to play a key role in strategic finance, driving long-term financial health and supporting big decisions.

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Driver Vehicle Inspection Report (DVIR)

Commercial Credit Group

Commercial drivers are required by the Federal Motor Carriers Safety Administration (FMCSA) to comply with strict vehicle inspection protocols to ensure your safety and the safety of others. A Driver Vehicle Inspection Report (DVIR), which includes both pre and post-trip inspections conducted by drivers, is required for all over-the-road (OTR) truckers.

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Protected: What Is the Right Time to Hire a CFO?

Beacon CFO Plus

This content is password protected. To view it please enter your password below: Password: The post Protected: What Is the Right Time to Hire a CFO? appeared first on BeaconCFO Plus.

CFO 52
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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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DPDP final draft to be ready for public review in two weeks

CFO News

The final DPDP Act rules “will stay within the walls of the law as passed by the Parliament”, the official said. The person added that the government wants to ensure that the Act provides a robust mechanism for citizens to safeguard their privacy without becoming a place for "frivolous" complaints. "Good set of responsibilities will be imposed on how a person makes a complaint," the official said.

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Protected: A Guide to Integrating a Fractional CFO Into Your Team

Beacon CFO Plus

This content is password protected. To view it please enter your password below: Password: The post Protected: A Guide to Integrating a Fractional CFO Into Your Team appeared first on BeaconCFO Plus.

CFO 52
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Private refiners RIL & Nayara Energy grow local market share as export margins dip

CFO News

Reliance, which operates pumps in a joint venture with UK's BP, retailed 73% more diesel last quarter, while Nayara recorded a 13.5% increase, according to industry data. The robust performance expanded RIL-BP's market share to 4.24% from 2.48% a year ago. Nayara's share grew to 5.35% from 4.79%. The combined share of state-run refiners-Indian Oil, Hindustan Petroleum and Bharat Petroleum-eroded to 90.3% from 92.7% in the quarter as their sales fell 1%.

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Transcript: Natalie Wolfsen, Orion CEO

Barry Ritholtz

The transcript from this week’s, MiB: Natalie Wolfson, Orion CEO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:08 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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'Govt debt may ease to 5-year low of 56.8% of GDP in current fiscal'

CFO News

In absolute terms, the debt, however, will rise to Rs 185.27 lakh crore (budget estimate) in FY25 from Rs 171.78 lakh crore last fiscal, Chaudhary said in a written reply in the Lok Sabha. The data include the Centre's external debt valued at the current exchange rate and other liabilities.

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CFO Corner With Weave’s Alan Taylor

Global Finance

The NYSE-listed Weave connects patients and providers for appointments, forms, payments, and feedback with a SaaS platform for small- and medium-sized healthcare businesses in the US and Canada. Taylor has been Weave’s CFO since 2016, bringing nearly two decades of experience to the role. Global Finance: You have served at various companies. How much of a CFO’s role is company-specific?

CFO 52
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New-age D2C brands flex muscle via own sites

CFO News

Direct E-commerce, or brands selling directly to consumers through their digital platforms, has risen to ten to 15 per cent of India’s online retail market of USD 70 to 75 billion now, from two to three five years ago, according to data. Why are these brands focussing on their own channels for sales and cutting reliance on marketplaces?

Sales 40
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GCC Banks Face The Urge To Merge

Global Finance

Will Fed rate cuts and geopolitics fuel more M&A deals by GCC banks? Another year, another bumper crop of profits. Banks in the six-member Gulf Cooperation Council (GCC) are set to reap further gains as higher oil prices, increased public-sector spending, and red-hot real estate markets combine to generate a heady lending environment. In the first quarter of this year, the combined profits of 57 listed banks jumped 10.5% to $14.4 billion compared to the same period in 2023, Kuwait-headquarte

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.