Mon.Dec 05, 2022

article thumbnail

Tax, accounting firms see tech utilization paying off: survey

CFO Dive

Tax and accounting firms are becoming more comfortable tapping technology as a driver of success as they seek to grow revenue and profit and improve employee effectiveness for 2023.

article thumbnail

Services-Sector Activity Accelerated in November

CFO News Room

The Institute for Supply Management’s composite services index increased to 56.5 percent in November, rising 2.1 points from 54.4 percent in the prior month. The index remains above the neutral 50 threshold and suggests the 30 th consecutive month of expansion for the services sector (see top of first chart). The November results are about in line with the average of 56.1 over the last seven months. .

Economics 130
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

CFOs budget to party like it’s 2009

CFO Dive

While some companies are splurging, the share of businesses surveyed that have holiday parties teed up is hovering near a pre-pandemic low.

Budgeting 261
article thumbnail

Tesla, VF Corp, Marriott, MGM and more

CFO News Room

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters. Check out the companies making headlines in midday trading. Tesla – The electric vehicle giant slid 5.2% after Bloomberg first reported Tesla planned to cut output of its Model Y by more than 20% in its Shanghai plant this month.

Banking 130
article thumbnail

Planning Your Restaurants 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

Recession odds next year exceed 50%: NABE

CFO Dive

High inflation will persist next year but slow as employers trim growth in payrolls, forecasters told NABE in a survey.

More Trending

article thumbnail

WHSmith swipes Neiman Marcus CFO

CFO Dive

Kevin Gotthard pivots to the convenience store space after a little over a decade at luxury retail brands Neiman Marcus and Ralph Lauren.

CFO 259
article thumbnail

Ad Firms Predict Slower Advertising Growth for 2023

CFO News Room

Major advertising forecasting firms say global advertising growth in 2023 will be slower than previously predicted. . Media owners’ ad revenue will grow 4.8% to $833 billion next year, according to a new forecast from Magna, a media investment firm that is part of. Interpublic Group of. Cos.’ Mediabrands. Magna predicted in June that 2023 would produce a 6.3% increase.

article thumbnail

How CFOS are balancing investments between technology and talent

CFO Dive

As CFOs move from efficiency to value creation, where does the balance lie between investment in technology and investment in people?

article thumbnail

5 Ways to Acquire New Skills Without Going Back to School

CFO News Room

Whether you want to change jobs or prepare for the next-level role, the most important thing to know about upskilling is that every employee needs to be doing it all the time. Jobs are changing as business demands change, and employees are expected to prove their value with increasingly higher expectations. There are plenty of ways to educate yourself and upskill without going back for a traditional undergraduate or graduate degree.

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

Top 0.1%: How Much Wealth Does It Take?

Barry Ritholtz

I was working on a longer piece about which economic strata the Fed has the greatest impact on (its more complicated than you might think) when Invictus DM’d me this amazing FRED chart. We looked at this idea earlier this year , but it’s worth revisiting. Using data from the Federal Reserve, FRED analyzed 5 categories: Top 0.1%, the rest of the top 1%, the rest of the top 10%, the rest of the top 50%, and the bottom half.

Economics 123
article thumbnail

I Collect Cashflows

The Reformed Broker

I’m traveling this week (Houston here I come!) so I dug this one out of the archives because it’s one of the things I believe in even more now than when I wrote it a year ago. This post came out in October of 2021 at the height of NFT mania. I never really understood it. Collecting I get. Collecting things that can be infinitely copied and that you can’t hold in your hand?

Finance 111
article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Wall Street’s 2023 Outlook for Stocks : There’s hundreds of pages of research and analysis that come with these strategists’ forecast. The general themes: Most Wall Street firms expect the U.S. economy to go into recession some time in 2023. Many believe forecasts for 2023 earnings have more room to get cut, and some believe those downward revisions mean lots of volatility for stocks in the early part of 2023. ( TKer ). • Burden of proof is on the

article thumbnail

Significant private capex revival is far away as companies unsure of demand: Kunal Kundu, Societe Generale

CFO News

A slow pick-up in private capex during the next financial year is likely on the back of the government’s production-linked incentive schemes, which if successful, can provide a much-needed boost to manufacturing, he says.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

Come to our live taping in New York City!

The Reformed Broker

Next Friday, December 16th, we will be doing a live taping of The Compound and Friends at the Nasdaq Marketsite in Times Square for an intimate audience of fans and friends. And we’re bringing our pals from the On The Tape podcast along with us – that’s Dan Nathan, Guy Adami and Danny Moses. My whole podcast crew will be there t00 – Michael Batnick, Duncan, Nicole and John.

98
article thumbnail

The business value of fractional CFOs

Future CFO

While it is common to find a chief finance officer (CFO) helming a large or multinational organisation, the costs associated with having one in-house can be a hurdle for smaller organisations. According to payscale , the average base salary of a CFO in Hong Kong is HK$1,351,820 per year. A CFO in Hong Kong can gross as much as HK$2 million when you include bonuses and profit sharing.

CFO 98
article thumbnail

Intel exec says semiconductor opportunities moving to India from China, Taiwan

CFO News

Manufacturing constraints across certain geographies and the government’s Make-in-India initiative have helped make the country a top destination for the company, said Steven Long, corporate vice president, and general manager of Asia Pacific and Japan, Intel Corporation.

article thumbnail

Create Kick-Ass Presentations as an FP&A Professional

Collectiv

Effective communication skills are important for success in any FP&A role. You’ll need to be able to take complex financial data and make it digestible for your clients and peers. Creating a kick-ass presentation is more than just tables and charts—you’ll also need to keep your audience engaged and make sure that key insights are shared effectively.

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

Income Tax department reduces time for taxmen to decide on refund adjustment

CFO News

According to the Directorate of Income Tax (Systems) notice, the time limit of 30 days made available to the assessing officers has been reduced to 21 days.

96
article thumbnail

Pay equity: Do your employees think they are paid fairly?

Future CFO

When it comes to pay equity, less than one-third of employees feel they are paid fairly and only 34% of employees believe their pay is equitable, said Gartner recently when releasing results of a survey. The Gartner survey of 3,523 employees in Q2 this year also found that that employees who perceive their pay as unequitable have a 15% lower intent to stay with their employer and are 13% less engaged at work than employees who perceive their pay as equitable.

article thumbnail

Former RBI deputy guv SS Mundra resigns as PTC independent director amid governance issues at PFS

CFO News

Mundra’s departure from PTC India follows the resignation of the three independent directors of subsidiary PFS in less than 15 days.

98
article thumbnail

Webinar: Analyst Report Series: Treasury Management Systems and Enterprise Liquidity Management | January 12

Strategic Treasurer

Analyst Report Series Webinar. Treasury Management Systems & Enterprise Liquidity Management. Register Now. Date. Thursday, January 12, 2023. Time. 2:00 PM – 3:00 PM EST. Where. This is an online event. Speakers. Paul Galloway, Strategic Treasurer Craig Jeffery, Strategic Treasurer. Hosted By. 1.2 CTP and FP&A re-certification credits will be given for attendance to this live webinar.

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.

article thumbnail

Govt taking steps to make Indian MSMEs stronger, globally competitive: Minister

CFO News

Bhanu Pratap Singh Verma also said that the MSME ministry is setting up various technology centres across the country to support and strengthen the existing and new MSMEs.

article thumbnail

Answers with Adam: How Many Businesses Has Adam Kae & Associates Guided?

Adam Kae

Answers with Adam: How many businesses has Adam Kae & Associates guided? CFO Adam: I've guided dozens of businesses over the course of my career, from back when I was an accountant to now that I'm a CFO, each of those businesses is different, but at the end of the day, it's almost like that business is another child for those business owners. They nurture it.

CFO 52
article thumbnail

PwC unlikely to split its audit, advisory ops

CFO News

PwC believes in keeping the audit and advisory business under one roof as they need multiple competencies and capabilities at scale to deliver quality services, said Bob Moritz, the global chairman, PricewaterhouseCoopers International.

article thumbnail

FCF Biotech Venture Capital Monitor – USA 10/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 10/2022”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more. The post FCF Biotech Venture Capital Monitor – USA 10/2022 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

article thumbnail

India looks at oversight of algorithms used by social media and internet firms

CFO News

India will be among the first few nations to mandate legal oversight of proprietary codes such as algorithms, if the proposal is included in the forthcoming Digital India Act (DIA).

52
article thumbnail

The ROI of a Part-Time CFO

Beacon CFO Plus

by Rob Joseph, Director, BeaconCFO Plus. Back in 1999, Bill Gates wrote an article for Time about integrating digital information flow into your company to prepare for the millennium. He wrote: “‘Know your numbers’ is a fundamental precept of business. You need to gather your business’ data at every step of the way and in every interaction with your customers.

CFO 52
article thumbnail

Good Glamm acquires 51% stake in Tweak India

CFO News

Content to commerce enterprise The Good Glamm Group has acquired a 51% majority stake in digital media company Tweak India in a cash and stock deal. The financial details of the deal were not disclosed.

52