Wed.Apr 06, 2022

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Goodwill impairment expected to rise, reverse course in 2022: Kroll

CFO Dive

The anticipated increase in goodwill impairment this year comes after the pandemic and the subsequent economic recovery whipsawed levels in recent years, according to Kroll data.

Economics 130
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Finance and accounting professionals worry about operating costs

Future CFO

Finance and accounting professionals are worried about operating costs, said ACCA and IMA recently when releasing the latest edition of the Global Economic Conditions Survey (GECS). Conducted just before and at the onset of the Russia-Ukraine war between February 14 and March 1, 2022, the survey results understandably point to economic turbulence in the coming months, ACCA noted.

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Federal auditor watchdog fines former KPMG vice chair $100,000

CFO Dive

The Public Company Accounting Oversight Board fined the former head of KPMG’s U.S. audit business soon after releasing a report on how audit firms can improve their work.

Auditing 130
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CFOs shaking it up (part one)

Private Funds CFO

20 ways CFOs are shaking up the agenda: 1-5.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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After record year, time for CFOs to rethink aggressive buybacks

CFO Dive

Bad timing can turn what should be a financial booster into a long-term negative ROI, a veteran management consultant says.

More Trending

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The EU Artificial Intelligence Act and Financial Services

CFA Institute

With the publication of the AI Act, the EU boldly went where no other regulator has gone before.

Economics 123
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Use accounts payables automation to keep your processes in the ‘safe zone’

Future CFO

Accounts Payable is responsible for so much more than just paying incoming bills and invoices, particularly given today's global challenges. In partnership with Kofax , SSON ran an industry-wide AP Automation Maturity survey, gaining insights from all over the world into how companies are growing their payables efficiency. The report shares the results of the survey: Why monitoring and analysing cash flow is often overlooked in AP operations—and how this impacts business continuity The most comm

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How Company Culture Supports (or Sinks) Strategy

VCFO

Business author and icon Peter Drucker is famously quoted for saying that “culture eats strategy for breakfast.” Still, in some organizations, strategy nonetheless garners a great deal more attention and energy than company culture does. To be sure, even the most sound and well-articulated strategies will fail or never live up to their full potential if an organization’s culture is not aligned to support it.

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Turn hyper-efficient AP into a cash contributor

Future CFO

Leveraging a modern approach to performance excellence driven by technology and a shift in mindset is key to opening many new opportunities for Accounts Payable. This white paper by SSON Industry Insights examines leading AP trends through data-led insights and evaluates market opportunities to support enterprise health by optimizing cash flow. This SSON whitepaper describes how to: Drive cash flow management and dollars into the enterprise business Rethink customer engagement Support regulatory

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Canada’s Most Admired: FISPAN Wins With Corporate Culture

FISPAN

FISPAN continues to foster a people-centric culture that drives organizational performance. Corporate culture affects all aspects of a business and has become a critical competitive advantage in and of itself. Organizations with strong, enduring cultures are able to attract the greatest talent and retain their most important employees — which is no easy feat.

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Re-imagining the role of accounts payable in a digital world

Future CFO

Our new reality has changed everything. Organizations are heads down re-imagining their businesses, adapting processes and procedures to a more distributed workforce. They also are taking a hard look at lowering operational expenses. A common thread among these initiatives is the urgent shift to a more contemporary, digitally savvy, and data-driven accounts payable function.

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Webinar: 2022 Modernizing Accounts Payable Processing Survey Results | May 17

Strategic Treasurer

2022 Modernizing Accounts Payable Processing Survey Results. May 17 | 2:00 PM EDT. Register Now. Date. Tuesday, May 17, 2022. Time. 2:00 PM – 3:00 PM EDT. Where. This is an online event. Speakers. Craig Jeffery, Strategic Treasurer Christopher Clausen, Deluxe. Sponsored By. Hosted By. 1.2 CTP re-certification credits will be given for attendance to this live webinar.

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Four quarters to accounts payable efficiency

Future CFO

Now that you've implemented an AP automation solution, you'll need to focus on meeting the expectations set by your business case. Technology is a vital component. But a solid framework for managing project variables and change is the key to success. Based on the feedback of leading organizations that have automated AP with Kofax , this whitepaper will help you to create a timeline and process for swiftly and effectively maximizing the benefits of your AP automation solution.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Larry Chester Featured On HighRadius CFO Circle: Impact of Poor Collections-Strategy on CX

CFO Simplified

Larry Chester, CEO at CFO Simplified was featured on HighRadius’ Mid Market CFO Circle on the Impact of Poor Collections. Take a look at the full interview below: Episode 1: Impact of Poor Collections-Strategy on CX. In this episode, join Lawrence Chester, President of CFO Simplified, as he discusses why a poor collections strategy affects the customer experience (CX) and why mid-market CFOs should leverage technology to keep an eye on customer behavior.

CFO 52
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PodChats for FutureCFO: Making finance transformation a reality

Future CFO

Finance leaders are increasingly focused on digital transformation initiatives despite having to deal with other pressing issues like revenue, profitability, and skills shortage during these periods of continuing uncertainty. Granted we’ve had two years to adjust to the new ways of doing business and working, uncertainties are always more pronounced during times of heightened crisis – as when there is a new round of infection outbreak.

Finance 52
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Building Better Solutions for the Nonprofit Community

The Charity CFO

Why is it so hard for nonprofits to find the help they need? From choosing a fundraising software to getting financial advice to finding a grant writer, nonprofits struggle to find good help. Despite being a sector that employs 20 million people and spends $1 billion each year, the market for solutions and services for nonprofits continues to lag a decade behind most of the rest of the business world.

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Time to let go of spreadsheets

Future CFO

In an EY podcast on Why “cash culture” is a critical lever in today’s PE climate , Nick Boreo from EY Strategy and Operations Services spoke out on the importance of cash, particularly during an economic downturn. “Where most companies think about cash flow is actually getting back to the fundamentals of running a business. In the current environment, cash and working capital is the cheapest source of liquidity a business can generate,” he declared.

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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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Finding the Optimal Path to Success Using Financial Scenario Planning

Centage

Every business has a set of interconnected levers, commonly referred to as business drivers, that affect the operational expenses and financial results. Common business drivers include personnel, physical stores, various product lines, units of production and so on. For instance, the more sales staff available, the more revenue to be gained, but the more expenses are incurred.

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The 6 Critical Components of a Strong Power BI Governance Plan

Collectiv

No matter how shiny and new technology is, governance comes with the territory. Any software system requires governance to guide the users to use the system properly. When implementing a suite of Microsoft Power BI tools and services, it’s especially important for organizations to have a data governance strategy in place. Designing a powerful governance plan makes managing data that much easier.