Mon.Oct 14, 2024

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What to do if your company is buried in debt—or how to avoid it

CFO Dive

Bank of Texas talks “zombie companies” and offers advice for companies buried in debt and those looking to avoid it.

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Empowering Employee Advisors Who Struggle With Business Development By Narrowing Them Into A Niche

Nerd's Eye View

Independent Registered Investment Advisors (RIAs) often face significant challenges in attracting advisors who can proactively generate new business. Many employee advisors gravitate toward service-oriented roles; this preference often stems from their initial motivation for entering the profession – wanting to help clients or perform the more analytical aspects of investing and financial planning.

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Trending Sources

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Deloitte joins backers of 120-credit hours CPA licensure option

CFO Dive

KPMG and now Deloitte have endorsed a proposed change in CPA licensure requirements allowing candidates to replace a fifth year of schooling with work experience.

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Leveraging a CFO to Prevent Business Fraud

CFO Selections

According to the 2024 Report to the Nations by the ACFE (Association of Certified Fraud Examiners), organizations lose 5% of their revenue to fraud annually. That equates to a more than $5 trillion loss to fraud globally every year. And while we tend to hope that this kind of thing is happening somewhere else instead of in our backyard, the bulk of this fraud isn’t occurring overseas.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Female CFOs, CEOs at big companies outearn male counterparts

CFO Dive

Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.

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More Trending

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Lightpath CFO aims to drive finance team’s strategic focus

CFO Dive

Newly-minted CFO Rachel Stack wants to ensure Lightpath’s financial talent has the tools they need to think more strategically.

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Latin America: Getting The Development Formula Right

Global Finance

Governments in Latin America and the Caribbean are kick-starting infra-structure projects, hoping to join the nearshoring boom. But corruption and other hurdles persist. Mexico’s President-elect Claudia Sheinbaum announced three new passenger train lines in July as one of her victory promises, highlighting a potential traffic jam for the country’s nearshoring boom and a larger regional need for infrastructure investment.

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Achieve financial excellence with IFS cloud. Learn how at the Orlando Gartner IT Symposium

CFO Dive

Empower your CFO strategy—book a personalized demo with IFS Cloud at Gartner IT Symposium!

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Latin America: The New Wealth Battleground

Global Finance

The race for Latin American and Caribbean ultrawealthy assets is on, as global powerhouses compete with local giants. Multinational and behemoth private banks increasingly view Latin America as a cornerstone of their growth strategy. Recently, global giants including Citi, UBS, BBVA, and Santander have revamped their teams and opened new divisions in the region, aiming to leverage their leading global offerings for a larger piece of the wealth pie.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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AT&T, Broadcom move toward settling legal feud

CFO Dive

The two parties told the New York Supreme Court Friday they were making progress in resolution discussions over VMware support services.

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10 Columbus Day AM Reads

Barry Ritholtz

My back-to-work-because-Columbus-Day-is-no-longer-a-market-holiday morning reads: • If you think grocery prices take a big bite out of your paycheck in the US, check out the rest of the world : What’s more, it’s important to note that food prices in the U.S. — relatively speaking — are the cheapest in the world, and have been for a long time.

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Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO

CFO News

Hyundai Motor India on Monday said it has raised Rs 8,315.28 crore from 225 anchor investor at Rs 1,960 per share (the upper end of the price band), a day before its public issue opening.

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Massive Microsoft Fabric Update: More AI Features and FabCon Europe Announcements

Collectiv

This month’s episode of Fabric Threads is a jam-packed mega-episode that covers updates from the past two months, as well as the biggest announcements from FabCon Europe. Our team is back from Stockholm and still running on the excitement of being around so many other Fabric enthusiasts. While we were there, we were constantly on the lookout for the latest and greatest topics to discuss on this show, and we definitely didn’t come home empty-handed.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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PLI scheme for white goods: 38 firms commit investments worth Rs 4,121 crore

CFO News

In a boost for local manufacturing, 38 companies have applied for the PLI scheme for white goods (air conditioners and LED lights) with a net committed investment of Rs 4,121 crore in the third round, the government informed on Monday.

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Stepping Up For The Unbanked

Global Finance

With Brazil in the lead, Latin America is rapidly growing an innovative coterie of fintechs, filling service gaps ranging from credit to payment platforms to mobile banking. Latin America has established itself as a magnet for fintech investment. The region received $15.6 billion in investments for financial technology providers over the past 10 years, with Brazilian companies making up 66.7% of the total, according to consultant Distrito’s Fintech Report 2024.

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1,042: From the Diamond to the Board Room: A CFO’s Journey | Max Krakowiak, CFO, Revvity

CFO Thought Leader

Max Krakowiak stood on the pitcher’s mound, ignoring the first drops of a Seattle rain. A shout from a less-than-faithful fan filled his ears as he prepared to throw his next pitch. In this moment, he had no idea that his baseball career was about to take an unexpected turn, as a random off-the-field injury would soon end his time in the minor leagues and force him to hang up his cleats.

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How to Scale a Nonprofit Organization with Sarah Silvestri

The Charity CFO

If you want to scale a nonprofit organization, it’s going to take a lot of discipline and patience. On a recent episode of the Modern Nonprofit podcast, host Tosha Anderson sat down with Sarah Silvestri, co-founder of Executive Arm , to discuss the challenges and strategies for scaling nonprofit organizations. With over 15 years of experience in the nonprofit sector, Sarah shared valuable insights on how founders can navigate the complexities of growth while maintaining their passion and v

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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India's online gaming sector projected to reach $60 billion by 2034

CFO News

India's online gaming sector, currently valued at $3.1 billion, has the potential to expand to a staggering $60 billion by 2034 amid challenges surrounding regulation and taxation, a report showed on Monday.

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Argentina: A GenAI Seedbed

Global Finance

Despite recession and economic turmoil, Argentine tech startups are carving a niche as Latin American leaders. Few financial reports coming out of Argentina sound hopeful; the slew of economic calamities that have plagued the South American nation for the better part of the last decade can seem endless. Yet, Argentina has continued to register as a bright spot in two significant areas: resilient entrepreneurialism and technology adoption and innovation.

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IMF says global public debt to top $100 trillion, growth may accelerate

CFO News

Global public debt is forecasted to exceed $100 trillion, with the IMF warning it may grow faster due to increased spending. U.S. tax cut plans and campaign promises ahead of the presidential election could add trillions to deficits. The IMF urges fiscal consolidation, but current efforts are deemed insufficient to stabilize debts.

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Disaster And Opportunity

Global Finance

Natural disasters are dramatically impacting Latin American economies. But the region could become a global leader in boosting green solutions. The year 2023 cost Latin American economies an estimated $20 billion in destruction from natural calamities: the highest total since Hurricane Maria hit Puerto Rico in 2017. Numbers-wise, the regional impact and cost are in line with such events elsewhere on the planet.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Govt pushing all levers to sustain high economic growth: FM Sitharaman

CFO News

Finance minister Nirmala Sitharaman announced that the government is working to maintain high economic growth. She noted that bodies like the IMF and World Bank recognize India's strong economic prospects. Sitharaman highlighted India's potential in Industrial Revolution 4.0 due to its young, innovative population.

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India-Canada row: Bilateral trade in goods remains unaffected so far

CFO News

Amid escalating diplomatic tensions, the Global Trade Research Initiative (GTRI) reports that India and Canada’s bilateral trade remains stable, showing resilience with slight growth despite the ongoing political challenges.

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GCCs in India to raise hiring 20-25% in next six months on BFSI, manufacturing push

CFO News

Industry leaders anticipate a significant uptick in recruitment across various sectors, driven by both domestic initiatives and global economic dynamics. However, experts caution that several economic challenges could impact recruitment strategies.

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Why Indian companies are latching on to Generative AI

CFO News

Generative AI: A Deloitte survey showed over 95% of respondents feel compelled to adopt GenAI to stay ahead in their industries.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.