Wed.Feb 08, 2023

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Why Automation is the Sidekick Your Business Needs

Adam Kae

Once upon a time, in a land called the business world, there was a problem. The problem was that as businesses grew, they struggled to keep up with the increasing demands of their customers and clients. The days were long, the to-do lists were never-ending, and the owners were exhausted. Enter the hero of our story: automation. Automation stepped in, brandishing its magical powers, and changed the game for good.

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Most accounting professionals want more mental health help: study

CFO Dive

“Attracting the next generation of talent to the accountancy profession is vital to healthy economies,” said Jillian Couse, head of ACCA North America.

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Trending Sources

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Economists say RBI's 5.3% inflation forecast for FY24 realistic

CFO News

Economists feel that the 5.3% Inflation projection made by the Central Bank is a realistic assessment.

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Chipotle CFO hopes for ‘reasonably tame’ inflation

CFO Dive

The burrito chain is bracing for the possibility of inflation-induced pressure on ingredients such as beef.

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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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Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans

Nerd's Eye View

Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. government is the largest employer in the country, it can be especially helpful for advisors to be familiar with the ins and outs of (and recent changes to) the Federal government’s own defined contribution plan: the Thrift Savings Plan (TSP).

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The Next Bubble is Already Here

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: ►Bear Market Rallies – Another bear market rally or a new bull market? ►AI Bubble of 2023 – ChatGPT had over 100 million users in January.

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Inflation erodes US company growth, return on capital: McKinsey

CFO Dive

When facing persistent price pressure, companies need to focus more on sustaining gains in profit margins and return on capital, McKinsey said.

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Adani Green CFO says near-term borrowing could be more from domestic sources, budgets Rs 10K cr capex for FY24

CFO News

On the medium-term level, the debt sourcing mix would remain the same, says Phuntsok Wangyal.

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Watch for accidental fraud, forensic accounting expert says

CFO Dive

Kelly Richmond Pope believes CFOs need to understand what motivates three types of fraud perpetrators: the intentional, the accidental and the righteous.

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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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Indian banking system much stronger to be affected by individual incidents: RBI amid Adani crisis

CFO News

The RBI Chief said that the Central Bank has taken a number of steps to strengthen the resilience of Indian banks.

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vcfo Gives Back

VCFO

Giving back to the community has been a core value for vcfo since inception 27 years ago. Over the years our initiatives coalesced into vcfo gives ®. As we close out 2022 and look ahead to 2023, I want to share more about what I consider a critical value to vcfo. By way of background, early in my career, I was very influenced by a local business owner who made a significant contribution to a program I was raising funds for as a young mother involved in PTA.

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Mystery solved: ‘Inflation Guy’ explains the upcoming CPI reweightings

Tips Watch

Is this a conspiracy to make inflation look tamer? No. It’s a routine but important update. By David Enna, Tipswatch.

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Himachal Excise and Taxation Department inspects stocks of Adani Wilmar at Parwanoo

CFO News

The company, engaged in warehousing of Kirana (grocery items), also provides goods to the civil supplies department and police department in the state. It has recorded a business of Rs 135 crore last year.

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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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Improve the efficiency of information storage and the scalability of Excel models

Spreadym

As the first step of a single business process automation, companies often create a unified template for planning in Excel, which can later be filled in by different users. In this series of posts, we will familiarize you with features of Spreadym, a planning platform that solve the main problems arised within data processing. And here we start with improving the efficiency of information storage and the scalability of Excel models in business software.

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Karnataka HC grants interim stay to Flipkart in Rs 1,100 crore tax case

CFO News

Additionally, the HC also said in an interim order that no coercive action should be taken against the company till the next hearing on the matter on February 24.

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The downturn for Asia Pacific: Severe but short

Future CFO

The downturn for Asia Pacific is expected to be severe but short, said EY recently when releasing results of a survey of 1,200 CEOs across the globe. The downturn for Asia Pacific would be characterised by geopolitical tensions, supply chain disruption and ongoing COVID-19 related uncertainty. Survey highlights In Asia Pacific, almost all CEOs (99%) are actively planning for a downturn scenario, with a substantial majority (72%) preparing for a severe downturn in the region.

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Demand woes for FMCG, retail: No signs of green shoots yet

CFO News

This slowdown in FMCG sales and overall consumption is in contrast to lifestyle and premium brands. Several large global consumer goods companies like Procter & Gamble, Mondelez, Diageo, Apple, H&M, Levi's and Skechers said in recent earnings calls that their India business was resilient during December quarter despite global macroeconomic headwinds such as inflation.

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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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Clips From Today’s Halftime Report

The Reformed Broker

Uber’s earnings prove it’s not a ‘pandemic stock,’ says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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NSE phone tapping case: Delhi HC grants bail to former NSE MD & CEO Chitra Ramkrishna

CFO News

Delhi High Court on Thursday granted bail to former NSE CEO Chitra Ramkrishna in the money laundering case related to alleged illegal phone tapping and snooping on National Stock Exchange employees.

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Understanding the Nonprofit Statement of Cash Flows

The Charity CFO

Does your organization pay close attention to your nonprofit statement of cash flows? When you think of financial statements, the balance sheet or income statement typically come to mind. While these are important components of a nonprofit’s success, the statement of cash flows is critical to understanding the timing and sources of cash moving in and out of your organization.

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Cos may have to cough up steeper penalties for antitrust violations

CFO News

Currently, the Competition Commission of India (CCI) imposes a penalty up to 10% of a company's average turnover in the relevant market. The government may tweak this by changing the definition of average turnover by adding an explanation that it means the "global turnover derived from all products and services by a person or an enterprise" through activities out of India, the people said.

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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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That’s a Wrap! ETF Exchange

Barry Ritholtz

I am back home after a busy three days in Miami for the giant ETF Exchange conference. It’s a very busy industry event – I suspect a ton of business is done, deals closed, and sales made. It’s also a monster networking event, where you get to meet new people and see old friends. It’s about 40% RIAs, 60% industry — ETF providers, servicers, fintech, and other industry stalwarts.

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Hours after hiring announcement, JPMorgan lays off hundreds of employees

CFO News

Earlier in the day, JPM said it plans to hire more than 500 bankers catering to small businesses through 2024, boosting the bank's workforce targeting the segment by 20% from more than 2,300 now.

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FCF Fox Corporate Finance GmbH advised German Bionic on a venture debt financing

Fox Corporate Finance

FCF Fox Corporate Finance GmbH hat German Bionic bei einer Venture-Debt-Finanzierung beraten München, 24. Januar 2023 – Die Europäische Investitionsbank (EIB) hat 15 Millionen Euro in Form eines Venture-Debt-Kredits in die Weiterentwicklung KI-basierter Mensch-Maschine-Systeme des. Read more The post FCF Fox Corporate Finance GmbH advised German Bionic on a venture debt financing appeared first on FCF Fox Corporate Finance GmbH.

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Reconsider decision on role of company secretary: SC to SAT

CFO News

The appellate tribunal on November 1 had held that once the offer document and the balance sheet is approved by the board of directors, there is no requirement for the CS to check the veracity of the buyback offer document and its legal compliances before authenticating such document.

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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.