Wed.Sep 18, 2024

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At the Money: Can You Have Too Much Money?

Barry Ritholtz

At the Money: Can You Have Too Much Money? Brian Portnoy, Shaping Wealth (September 18, 2024) Can money buy you happiness? How much money is too much? Does wealth offer diminishing returns? In this edition of At the Money, I sit down with Brian Portnoy to explore these questions. Full transcript below. ~~~ About this week’s guest: Brian Portnoy is founder and CEO of Shaping Wealth , which helps advisors and their clients to achieve “funded contentment,” and operates as an outsourced Chief Beha

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CFOs juggle strategy, economic pressures in AI push: Billtrust

CFO Dive

Heightened pressure to deliver strategy could push CFOs to adopt GenAI faster than previous technologies, Billtrust CEO Sunil Rajasekar said.

Economics 317
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AI May Transform Your Advisor Practice In 10 Years, But It Still Won’t Do Much In 2 Years

Nerd's Eye View

In the nearly 2 years since the launch of ChatGPT, there has been an explosion of new technology solutions incorporating Artificial Intelligence (AI). Today, AI is now almost ubiquitous across many of the tools that we use, from smartphone cameras to search engines to office productivity software. For financial advisors, too, a ballooning number of new advisor-focused AI tools has appeared over the last 24 months, purporting to save advisors' time and staffing needs by automatically performing p

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Xerox taps insider to succeed retiring CFO

CFO Dive

The transition comes on the heels of recent financial challenges at the Norwalk, Connecticut-based tech company.

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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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Small business strategy: Taking advantage of lower interest rates

CFO Share

The federal reserve will lower interest rates , ending a three-year strategy to stamp out inflation. During that time, I’ve seen startups turn to zombies as they failed to raise VC funding, growth stumble as digital marketing turned upside-down, and small businesses struggle to pass price increases onto customers. I’ve also seen dozens of our clients seize the opportunity a high-interest environment creates to differentiate their products, focus on their core, and deepen their competitive

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India's economy will double by 2030, projects NITI Aayog CEO, aiming for global power status

CFO News

BVR Subrahmanyam, CEO of NITI Aayog, envisions a transformative economic future for India, projecting a doubling of the economy by 2030 and highlighting its potential as a global powerhouse.

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90% of finance functions to deploy at least one AI-enabled technology solution by 2026

Future CFO

Ninety percent of finance functions will be deploying at least one AI-enabled technology solution by 2026, but less than 10% of functions will see headcount reductions, according to Gartner, Inc. The technological research and consulting firm says chief financial officers are already making changes to fully harness AI in finance, a sense of uncertainty, inflated expectations and employee disengagement often quells success rates in AI’s usage.

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Nippon Life India names Parag Joglekar as CFO

CFO News

Nippon Life Asset Management Company also redesignated Amol Bilagi as the Deputy Chief Financial Officer who was appointed as the Interim CFO in January.

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Cost-Effective Strategies for Maximizing Capital Employed

CFO Talks

Cost-Effective Strategies for Maximizing Capital Employed As a CFO, one of the critical tasks is to ensure that capital employed in your business is used efficiently to generate the highest possible returns. Maximizing capital employed doesn’t always require hefty investments; instead, you can use cost-effective strategies to ensure that every rand works hard for the company.

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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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1,035: Balancing Growth and Sustainability: The Financial Strategy Behind Health Innovation | Daniel Welch, CFO, Kate Farms

CFO Thought Leader

In 2018, Daniel Welch made a life-altering decision when—after having spent a decade in investment banking working on high-profile IPOs and M&A deals at Morgan Stanley—he found himself at a crossroads. The birth of his daughter and a health scare involving his father led him to question the career path that he was on. “I was mentally stimulated by the work, but it didn’t align with my personal values,” he now reflects.

CFO 52
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US Fed slashes interest rates by 50 bps in first cut since 2020

CFO News

The Federal Reserve has announced a half-point rate cut before the end of this year and an additional percentage point cut in 2025. This decision will lower borrowing costs for consumers and businesses. The Fed is confident that inflation is moving towards its 2 percent target, with balanced risks to employment and inflation goals.

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The Mentoring Round | Daniel Welch, CFO, Kate Farms

CFO Thought Leader

The post The Mentoring Round | Daniel Welch, CFO, Kate Farms appeared first on CFO THOUGHT LEADER.

CFO 40
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CFOs move into the line of succession for the top job

CFO News

CFOs are increasingly being seen as strategic partners, with their roles expanding into company strategy, governance, and digital transformation. This shift is positioning them for potential CEO roles, especially in sectors like private equity and startups. Their expertise in cost structure, fundraising, and digital initiatives is becoming crucial.

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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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Largest Companies In The World

Global Finance

The valuation of the largest companies in the world fluctuates day to day, even minute by minute, but true success is a marathon, not a sprint. You heard the news: propelled by the AI frenzy, the chipmaker Nvidia passed the $3 trillion market cap and became the most valuable company in the world by market capitalization—for a few days last June, that is.

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Bhartias lead race for Coke bottler Hindustan Coca-Cola Beverages, ink exclusivity pact to buy up to 40% stake for $1.4 billion

CFO News

The Jubilant Bhartia Group promoters are leading the race to acquire a significant minority stake in Coca-Cola's India bottling arm, Hindustan Coca-Cola Beverages (HCCB). They have signed an exclusivity agreement with Coca-Cola to negotiate the purchase for Rs 10,800-12,000 crore. This move is part of Coca-Cola's strategy to adopt an asset-light model and precedes a planned listing of HCCB.

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Fed opens up policy space around the world without feeding panic

CFO News

The Federal Reserve's recent half-point interest rate cut has influenced global central banks, including those in Europe and emerging markets. This move aims to ease pressure on exchange rates and provide space for recalibrating their own rate settings. The European Central Bank may consider further cuts, while emerging markets adjust their policies accordingly.

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Tatas future bets woven along India's growth ambitions, says N Chandrasekaran

CFO News

Tata Sons chairman N Chandrasekaran anticipates Tata Electronics, Air India, and Tata Digital to become top businesses within three years. The group's revenue grew by 13% in FY24, with profits surging over 50%. Investments are projected to exceed $120 billion in five years, focusing on electronics, digital services, and battery manufacturing.

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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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Online festive season sales set to touch $12 billion this year: report

CFO News

Festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce may account for $1 billion of these ecommerce sales.

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GST haze holding up funding, innovation at ride-hailing companies

CFO News

App-based ride-hailing firms have put innovation and fresh investments on the backburner due to uncertainty around the Goods and Services Tax (GST) rates applicable under different business models on taxi and auto-rickshaw rides. Aggregators have cited conflicting rulings by the Authority on Advance Ruling (AAR) for hitting the brakes on their future plans.

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Banks step up vigil on fraudulent account opening via digital banking channels

CFO News

“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore," a senior banker with a private sector bank said on the condition of anonymity.

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Star claims $940 million damages from ZEE over failed deal

CFO News

Star India, owned by Walt Disney, has sought $940 million in damages from Zee Entertainment for not honoring a $1.5 billion ICC TV rights deal. Zee refuted the claims and stated that arbitration is still in its initial stages. The matter will likely continue post Star's merger with Viacom18.

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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.