Tue.Nov 21, 2023

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Coupa names new CFO in C-suite shakeup

CFO Dive

The appointment is the latest in a series of leadership changes at the company following its acquisition by private equity firm Thoma Bravo.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • The Share of Americans Who Are Mortgage-Free Is at an All-Time High : Almost 40% of US homeowners own their homes outright as of 2022—many of them baby boomers who refinanced when rates were low. ( Businessweek ) see also Why Your Office Space Continues to Shrink : Despite more than a billion square feet of empty office space in the US, a return to roomier layouts and private offices does not seem to be in the cards. ( Bloomberg ) • Satoshi Is Black

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Intuit’s QuickBooks angles to grow up — with its customers

CFO Dive

With advanced access controls, workflow and reporting tools, QuickBooks is increasingly positioning itself to serve larger firms.

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Banks seek ITR access via NSDL to vet borrower info

CFO News

Lenders say large- and small-value loan customers have previously falsified data for expanding their borrowing limits. Last year, Can Fin Homes detected fake ITRs in 37 accounts at its Bhilwara branch in Rajasthan, after complaints were made.

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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.

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#FA Success Ep 360: Growing To 100+ Clients With $100M+ AUM With Intentionality To Leave Time For Family, With Suzanne Powell

Nerd's Eye View

Welcome back to the 360th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Suzanne Powell. Suzanne is a Senior Financial Advisor at Meridian Wealth Management, an RIA based in Lexington, Kentucky, where she oversees approximately $110 million in assets under management for nearly 150 client households. What's unique about Suzanne, though, is how she grew to more than $100M of AUM by intentionally organizing her schedule from month to month throughout the year, cl

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All Hell Breaks Loose in AI

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Sam Altman – OpenAI turmoil. ►Buyback SURGE – “$QQQ largest weekly inflows on record this past week.” ►NVDA Earnings – “The chip maker’s earnings beat Wall Street expectations in.

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10-year TIPS reopening gets real yield of 2.180% to apparently weak demand

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury’s $15 billion offering of a reopened 10-year TIPS — CUSIP 91282CHP9 — generated a real yield to maturity of 2.180%, a bit higher than traders expected.

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Gujarat Alkalies appoints Ram Gianani as CFO

CFO News

Gianani will succeed Vinayak Kudtarkar as CFO.

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The Difference Between Cost of Sales vs Cost of Goods Sold

CFO Share

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. Though they may sound similar, understanding their distinct meanings is beneficial for any business owner or manager. These aren’t just accounting terms; they are fundamental concepts that shape how you view your business’s financial health and make informed decisions.

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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.

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953: Lessons From the Mobile Era | Rodrigo Brumana, CFO, Poshmark

CFO Thought Leader

CFO Rodrigo Brumana’s career journey began with a position as a computer programmer in Brazil. He would move in his early career years to the United States, where he got his start in investment banking. Soon thereafter, he moved to Fairchild Semiconductor, where he advanced into an investor relations role. Next, Brumana delved into the realm of predictive analytics at eBay, a stint that opened the door to a succession of opportunities inside the world of e-commerce marketplaces.

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Addressing finance role concerns amid technology adoption

Future CFO

As new technology flourish in today's global business scene, there is an observed growing concern among traditional accounting and finance roles that finance leaders must address. It is observed that technology adoption may impact many traditional accounting and finance roles, including auditing and bookkeeping, potentially causing them to be phased out, as the automated processing capabilities offered by artificial intelligence , machine learning, and robotic process automation (RPA) gather pac

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Fed minutes anchor cautious policy approach amid more two-sided risks

CFO News

"Participants noted that further tightening of monetary policy would be appropriate if incoming information indicated that progress toward the Committee's inflation objective was insufficient," the minutes said.

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Top 2024 macro-credit risks

Future CFO

Top 2024 macro-credit risks include tight liquidity and funding conditions, uncertainty about China’s macroeconomic outlook and property sector, and geopolitical event risk, said Fitch Ratin gs recently. Despite recent data signalling continued disinflation in major developed economies, the continued resilience of the US consumer could yet lead to an ‘even-higher-for-even-longer’ interest rate scenario should demand data be stronger than expected and exceed central bank forecasts, the credit rat

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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.

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India's GDP likely grew 7% in Q2, pipping MPC's forecast of 6.5%: ICRA

CFO News

India's economy likely grew at 7% in Q2, higher than the Reserve Bank of India's MPC's estimate, according to ICRA. The growth is expected to moderate in Q2 from Q1, influenced by normalizing base and erratic monsoon. The firm maintains a FY2024 GDP growth estimate at 6.0%, lower than the MPC's projection of 6.5%.

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3 tips to improve your cash flow forecast

Centage

Having a solid grip on your cash flow forecast and reporting is one of the most important factors for any business to track. Given the current climate, paying attention to cash flow has become more vital to a business’ success than ever. For many businesses, having an accurate cash flow forecast can help to avoid potential cash flow problems, predict end of year profits (or debt), and set realistic goals for the upcoming quarters and year.

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FDI shrinks 7.8% in second quarter of FY24

CFO News

Foreign direct investment (FDI) equity inflows in India declined 7.7% to $9.5 billion in the July-September quarter of FY24, down from $10.3 billion a year ago. The total FDI inflows declined 7.8% to $15.3 billion in the second quarter of this fiscal year. Singapore and Mauritius were the top sources of FDI.

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How to Effectively Manage Your Professional Services Team with Metrics

The SaaS CFO

Your professional services team plays an important role in your SaaS company. Botch a customer onboarding and you may have just lost valuable ARR. Services means different things to different companies. It could be a one-hour onboarding call or a twelve-month implementation project. Either way, we must understand several key concepts to effectively manage our […] The post How to Effectively Manage Your Professional Services Team with Metrics appeared first on The SaaS CFO.

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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

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ED notice to Byju’s on Rs 9,000 crore Fema violation

CFO News

The Enforcement Directorate (ED) on Tuesday issued showcause notices to troubled edtech startup Byju’s and its founder and group CEO Byju Raveendran over alleged violation of the provisions of the Foreign Exchange Management Act (Fema) amounting to over Rs 9,362 crore. The ED, which had initiated investigation against the startup earlier this year, has accused Think & Learn Pvt Ltd (Byju’s parent company) and its promoter of making significant foreign remittances and investments abroad that

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Business leaders in Singapore struggle with ESG reporting, study says

Future CFO

Business leaders in Singapore are finding it challenging to deal with the reporting and data collection for environmental, social, and governance (ESG) , a study found. The Navigating ESG Reporting Challenges Through Innovation and Collaboration research, conducted by enterprise automation software company UiPath in partnership with Eco-Business , revealed that 58% of senior decision-makers in Singapore consider data inaccuracy or poor data quality as a significant obstacle in ESG data collectio

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Byju’s tells shareholders it is fully compliant with FEMA rules

CFO News

His letter on Tuesday afternoon comes following the news that the Enforcement Directorate has found alleged forex violations to the tune of Rs 9,000 crore by the edtech giant.

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Closing the Gap: CFOs & A.I. Readiness | Carey O’Connor Kolaja

CFO Thought Leader

The post Closing the Gap: CFOs & A.I. Readiness | Carey O’Connor Kolaja appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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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.

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Professional tax has to be paid by salaried people in these states

CFO News

Professional tax has to be paid to the State government by every individual earning over a specific monetary limit in certain states in India. It is only when someone earns an income in any Union Territories and some states like Delhi, Uttar Pradesh, others that they need not pay any professional tax.

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With ex-controller back on the stand, Trump defense looks to muddy accounting waters

CFO Dive

The ex-controller pointed to long-time independent accountants Mazars USA as responsible for preparing the Trump Organization's financial statements.

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Professional services companies go slow on hiring as attrition level drops

CFO News

Industry officials, however, said the impact of the cut down in hiring is mostly at the senior management and director levels, while companies continue to hire at the top, or the partners level. "Hiring of partners or people who bring in business is pretty aggressive. It is the middle that is suffering, also due to a fall in exits," said a partner.

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Transcript: Brad Gerstner

Barry Ritholtz

 The transcript from this week’s, MiB: Brad Gerstner, Altimeter Capital & Invest America , 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. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio 00:00:07 [BARRY RITHOLTZ] This week on the podcast.

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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.