Wed.Mar 22, 2023

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Instant-Issue Term Life Insurance: What Are The Costs Of Low-Hassle Coverage, And When Are They Worth It?

Nerd's Eye View

Traditionally, when a person applied for individual life insurance, they would need to go through an extensive underwriting process that lasted several weeks (or months) and may have included personal and family health questionnaires, interviews, and/or physical examinations. Though this process was time-consuming and intrusive from the perspective of the person applying for insurance, it was considered a necessary evil in order for the insurance company to feel comfortable issuing the policy on

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C-suite pay ‘paper losses’ emerge in PVP filings

CFO Dive

Executive compensation or what is effectively realizable pay swings from as much as $1 billion to negative $644 million, proxies from early filers show.

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U.S. Bank Failures, 2001 – Present

Barry Ritholtz

Bank failures since 2001, scaled by amount of assets in 2023 dollars. The graphic above, via Flowing Data , puts recent events into perspective: At $209 billion in assets, the Silicon Valley Bank failure since Washington Mutual crashed in 2008 (JPM Chase took them over from the FDIC). The post U.S. Bank Failures, 2001 – Present appeared first on The Big Picture.

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NFL poaches NBC Sports CFO

CFO Dive

Christine Dorfler is departing from her 20-year tenure at NBCUniversal to fill the CFO shoes of an NFL C-suite veteran.

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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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10 Wednesday AM Reads

Barry Ritholtz

Note: We are off to California and Arizona for a few events; no Morning Reads for the next few days… My mid-week morning train plane reads: • How the Swiss ‘trinity’ forced UBS to save Credit Suisse : The takeover of its local rival could end up being a generational boon for UBS. But the government-orchestrated deal has angered many investors. ( Financial Times Alphaville ) • Why Job Reshoring Is Merely a Trickle : U.S. manufacturing can’t compete on cost, but it has a leg up in some areas

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Managing Your Accounts Payable: A Guide for Small Business Owners

https://trustedcfosolutions.com/feed/

Are you tired of the countless hours spent managing your accounts payable (AP)? Do you want to streamline your accounting process to save the time and money spent on manual tasks on Quickbooks? With a growing business, it’s easy to outgrow the accounting systems you’ve relied on since the conception of your company. By moving to Sage Intacct, you’ll gain valuable, actionable insights and true visibility into your business performance while simplifying the AP process.

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Papa Johns CFO resigns

CFO Dive

Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO.

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Lamborghini's Best Year Ever, Again: Q&A With CFO Paolo Poma

Global Finance

Are luxury cars untouched by economic slowdown and inflation? The latest results from Italian luxury automaker Lamborghini suggests so. CFO Paolo Poma believes the company can even improve its profitability, despite economic headwinds. Global Finance spoke with Poma—who has been managing director and CFO since 2017—when he recently visited New York.

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“Being Agile and Transformative Should be the DNA of Every CFO to Stay Relevant"

CFO News

FOs are constantly inventing their companies and creating new contexts to be ahead in this competitive marketplace. For them, it’s not just about numbers, but it’s also about people, culture and technology.

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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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Fearless Finance: What drives whistleblower Sarika Lakraj-Naidoo

CFO Talks

Written by Staff Writer Before Sarika Lakraj-Naidoo came to media attention for blowing the whistle on R8.2 billion in questionable contracts at the City of Johannesburg, she was a guest on the CFOTalks podcast. Sarika, has since faced suspension, threats and harassment. This blog reflects on what motivates a whistleblower in a country where calling out corruption can be lethal Sarika’s belief in public service and leaving a legacy “I would like my legacy to outlast my life,” Sarika Lakraj-Naido

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Modi’s green dream at risk as Indian renewables hit by headwinds

CFO News

Energy transition investments in India already lag behind other major nations, and now the cost of capital is increasing as global interest rates rise, while the Inflation Reduction Act is creating more opportunities for clean-power investors in the US and its free-trade partners. All that spells trouble for Prime Minister Narendra Modi’s goal to put India at the forefront of climate action.

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HKTDC: Hong Kong Export Index rebounds sharply

Future CFO

The Hong Kong Export Index grew 9.3 points to 39.0 in January-March this year as border reopens, said the Hong Kong Trade Development Council (HKTDC) recently when releasing results of its quarterly survey. The first-quarter export survey showed that almost all respondents (98%) reported positive impacts from the gradual resumption of normal cross-border travel since early January, especially from the more flexible and frequent business travel and cross-border engagements, the council noted.

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Foreign law firms’ entry won’t have a significant impact on legal fees: Manipal Hospitals Group CFO

CFO News

Allowing foreign law firms into India in a limited field could go a long way in bringing more FDI and help establish India as a centre for international commercial arbitration, says Sameer Agarwal.

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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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What ESG News Matters Most to the Market?

CFA Institute

Not all ESG news events are associated with significant changes in stock price.

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Infobip appoints Richard Kraska as CFO

CFO News

Kraska will take over Mario Baburic as the CFO, who is leaving to start a new career path after four years as a part of Infobip’s leadership team.

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FocusCFO Announces Partnership With ITR Economics

Focus CFO

FocusCFO, a leading provider of embedded Fractional CFO services, is excited to announce a new partnership with ITR Economics.

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Vedanta mulling stake sale worth $630 million, report says

CFO News

Mining mogul Anil Agarwal is weighing a stake sale in Vedanta as a last-resort option and is studying the possibility of selling less than 5 per cent of the company, news agency Bloomberg reported on Thursday.

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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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After Adani storm, Hindenburg is coming up with another report on a ‘big one’

CFO News

Hindenburg Research has now said that it is coming up with a new report soon on another target and promised it to be a 'big one'. Hindenburg on January 24, in a report titled Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History, alleged following two-year investigation that Rs 17.8 trillion conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.

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Tatas bet big on own mineral water brands

CFO News

"Acquiring Bisleri would have fast-forwarded our plans by three years, but this plan was just a small puzzle in our big F&B (food and beverages) puzzle box," D'Souza told ET. "We will now back our own brands Tata Copper+, Tata Gluco+ and Himalayan mineral water with the strong resources we have at our disposal.

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Fed increases rates by 25 bps but signals hikes are near an end

CFO News

The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.

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Funding, governance standards key to Adani company ratings: S&P

CFO News

Analysts Abhishek Dangra and Richard M Langberg, authors of the report, also said serious lapses uncovered in the ongoing scrutiny of the conglomerate could also prompt negative rating action.

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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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Finance Minister calls state-owned lenders' meet amid global banking crisis

CFO News

Though experts have ruled out any possible spillover impact on domestic banks given their strong balance sheets, the government wants to know from the lenders whether any policy intervention is required. "A review will be undertaken likely on Saturday," sources said. The government has already been in touch with financial sector regulators.

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Banks reach out to RBI, seek easing of MSME bad loan rules

CFO News

Banks want that a restructured MSME account under the Covid package be considered NPA from the latest date and not from the date prior to restructuring. This will give some relief to banks as it would lessen their provisioning burden. This comes after, in certain cases, banks were told to treat such accounts as bad loans starting from when they were restructured and accordingly make provisions.

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Fed's Powell: SVB management 'failed badly,' need changes to bank oversight

CFO News

"These are not weaknesses that are running broadly through the banking system," Powell told a press conference after the Fed's latest policy meeting, adding that depositors' money is safe. Fed supervisors saw the bank's exposure to liquidity and interest-rate risks and moved to intervene, he said, but the speed of the bank run outpaced anything seen in the past.

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Walmart in talks with Indian manufacturers to source mobile accessories, IT hardware

CFO News

Walmart, which owns majority stakes in Flipkart and PhonePe, is looking to source a wide range of products such as cables, chargers, screen protectors, home appliances, hearables, wearables, tablets, laptops, and lighting. Employees of Walmart have met multiple contract manufacturers, inquiring about their capacities, processes, and testing methods, the executive said.

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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.