Wed.Jul 26, 2023

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Most accounts receivable teams are behind schedule: survey

CFO Dive

Fraud and missing information are some of the culprits behind prompt processing of invoice payments, Versapay CFO Russell Lester said.

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2% Inflation Target is Silly

Barry Ritholtz

One of the more foolish arguments 1 that seem to be emanating from the Fed about their intention to raise rates another quarter point today: The 2% inflation target that has been in place pretty much the entire post-financial crisis era. There is no empirical evidence showing 2% is the optimal long-run inflation target, given the Fed’s dual mandate of price stability and maximum employment.

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Trending Sources

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Fed raises interest rates following June pause

CFO Dive

The Federal Open Market Committee raised the main interest rate by a quarter percentage point after a two-day meeting. The move comes as the Fed faces increasing difficulties in their bid to fully quell inflation.

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Auditor Independence: Go the Korean Way

CFO News

India was ahead of the world when it introduced Mandatory Audit Firm rotation through the Companies Act 2013 in Fiscal 2018. Korea has taken it further with this Auditor Designation System from Fiscal 2019.

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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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SEC votes to overhaul disclosure rules for material cyber events

CFO Dive

After a fierce debate, the agency voted to require companies to come clean on material breaches and attacks within four business days of determination.

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More Trending

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The Growth Of Collaborative Planning – And Decline Of “The (Written Financial) Plan”

Nerd's Eye View

Financial plans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client. However, there is no standard style of what is included in these plans, and as financial planning software has gotten more sophisticated and capable over time, "The Plan" has gotten longer and longer with addit

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Settlement with Sebi in ‘mirror trading’ case sparks a debate

CFO News

Mirror trading is a technique that allows an individual to copy the trade of another on a real-time basis.

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How a CFO Can Add Value as a True Finance Business Partner

Lime Light

A CFO in 2023 is not a glorified accountant - and yet, too many organizations use their CFOs as bookkeepers, when they can actually be among the highest value drivers. Even better: how a CFO can add value is also radically changing with the introduction of leading financial technology.

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Lending, deposits, and payments steer embedded finance opportunity

Future CFO

A new BCG-Visa study revealed that embedded Finance will unlock US$242 billion in revenue opportunity across Asia Pacific by 2025 across small businesses (SMBs) and consumer segments. Embedded Finance, or the integration of financial services into non-financial platforms, brings significant possibilities for innovation and business growth within Asia Pacific, from improving the customer experience to enabling seamless access to financial services for consumers and businesses, on everyday digital

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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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We can consider share buybacks once every few years: R Shankar Raman, CFO, L&T

CFO News

"We have surpluses beyond our requirements, not for all times to come, but at least for some time to come. Given that, we thought that it is a good way to create value back to shareholders. One way to create value for shareholders is to keep distributing dividends. So we decided not to interrupt with that but to go for a buyback.

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World economic outlook: IMF bumps up 2023 projections

Future CFO

The global economy is more resilient than previously, said IMF recently when unveiling its latest World Economic Outlook. The IMF expects global growth of 3% in both 2023 and 2024, while raising its 2023 projections by 0.2 percentage points from its previous estimate three months ago, according to its World Economic Outlook report. “Global economic activity has proven resilient in the first quarter of 2023 but global growth remains weak by historical standards,” said IMF chief economist Pierre-O

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India considering PLI scheme for chemicals, petrochemical sector: Nirmala Sitharaman

CFO News

India is considering the Production Linked Incentive (PLI) scheme for chemicals and petrochemical sector, said union finance minister Nirmala Sitharaman on Thursday. Sitharaman also said that the country has set its sight on becoming energy independent by 2047 and achieving net zero by 2070.

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Professional Development Courses: A Key to Business Success

Capital CFO LLC

In today’s constantly evolving business landscape, staying ahead of the curve is more important than ever. And one way to ensure your organization remains competitive is by investing in professional […] The post Professional Development Courses: A Key to Business Success appeared first on Capital CFO+.

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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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M&M looking to own nearly 10% in RBL Bank

CFO News

Mahindra's disclosure comes amid evident regulatory caution over banking ownership by business houses. The Reserve Bank of India (RBI) abandoned a proposal that would have permitted business houses to eventually own banks after public resentment against an internal working group suggestion in favour of allowing such ownership. The Mahindra Group already owns a non-banking finance company (NBFC).

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Basics of Financial Variance Analysis

Spreadym

Financial variance analysis is a technique used by businesses and organizations to understand the differences between budgeted or expected financial outcomes and actual financial results. The analysis focuses on identifying and analyzing the reasons for these variances, whether they are positive or negative, in order to make informed decisions, improve performance, and take corrective actions if necessary.

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Fed raises rates by 25 bps, keeps door open to more hikes as inflation remains elevated

CFO News

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase.

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How a CFO Can Add Value as a True Finance Business Partner

Lime Light

A CFO in 2023 is not a glorified accountant - and yet, too many organizations use their CFOs as bookkeepers, when they can actually be among the highest value drivers. Even better: how a CFO can add value is also radically changing with the introduction of leading financial technology.

CFO 52
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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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RBI's rate cut timeline may be pushed to FY25: DBS

CFO News

"Our own expectation is that they aren't going to change anything on the rates front for the rest of this fiscal year," said Radhika Rao, economist at DBS in Singapore. "Cuts will mostly take place in March 2024, which will be preceded by a change in stance, and a much more cautious commentary on growth.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Birth, Death, and Wealth Creation : Investors seeking to generate excess returns can benefit from understanding the demographics of public companies and their patterns of wealth creation: 60% percent of the stocks of U.S. public companies failed to earn returns in excess of Treasury bills; only 2% created more than 90% of the aggregate wealth.

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Indian edtech companies eye larger offline play in post-pandemic world

CFO News

The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.

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5 time-saving tips to simplify scenario planning and avoid overwhelm

Jedox Finance

Planning for multiple futures is a complex process. Finance teams who use these 5 scenario planning tips boost efficiency & deliver optimal results.

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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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Discretionary demand on the mend in June-July; cos see full recovery in second half of fiscal year

CFO News

Companies in India's discretionary consumption sectors, including electronics and retail, have reported a recovery in sales volumes since June on a year-on-year basis, which further improved in July. This could be attributed to eased inflation and a stronger manufacturing industry since April and May.

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What do You Really Need when Hiring a CFO?

CFO Selections

There is no doubt that hiring in accounting and finance right now is harder than ever before. And yet, despite today’s challenges, companies still need CFOs, which means that simply going without a CFO is not an option. So, how do you overcome today’s hiring challenges to win the talent war ? When you are hiring a CFO, it is going to be important that you focus on finding someone that meets all of your most critical needs first, before trying to check any boxes on your wants list.

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Will Tata Motors enjoy a twin-engine effect for the next 2-3 years? Here’s what CFO Balaji says

CFO News

“India PV business continues with their plan because we do expect that even if we assume that 30% of the auto market will become electric, the remaining 70% is still ICE. Therefore, we will continue to have offerings on that front. There is a clear rub-off from the EV business onto the PV business in terms of brand salience, as well as the brand imagery.

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BlackRock to re-enter India through JV with Ambani’s new financial arm Jio Financial Services

CFO News

This will mark an India comeback for Wall Street’s green crusader Larry Fink, chairman of Blackrock, after parting ways with long-time partner Hemendra Kothari of DSP. The joint venture will be called Jio Blackrock and will launch operations after regulatory and statutory approvals. The company will have its own management team.

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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.