Fri.Feb 10, 2023

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How CFOs Can Use ERP During a Recession

Navigator SAP

The economic outlook is very uncertain in these post-pandemic times. World Bank president David Malpass gives a 50 percent chance that there will be a world recession in 2023. Goldman Sachs is a bit more optimistic—about the US, at least—forecasting a 35 percent chance of a recession in the US this coming year. Forecasters polled by the Wall Street Journal give it about a 65 percent chance of a recession.

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Credit Suisse reportedly pulls C-suite, banker bonuses

CFO Dive

The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.

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Peak Substack?

Barry Ritholtz

I get too many emails. So much so that I had to set up separate email addresses for things like subscriptions, etc. I am impressed with the overall quality of Substacks I receive; I have a few favorites that I never miss. But it hass become too easy to add another, and they all it piled up in my inbox, looking a little too much like homework. It recently got worse: I have noticed how many of my subscription emails in the inbox (see above) are now Substacks.

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IRS relies on 64-year-old software, jeopardizing security: GAO

CFO Dive

The IRS is set to receive $80 billion during the next decade under legislation passed last year, with a portion earmarked for upgrading technology.

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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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Weekend Reading For Financial Planners (Feb 11-12)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that according to CFP Board leaders, “everything is on the table” when it comes to the organization’s announced competency standards review. Among others, one notable item that could be reviewed is the current certification requirement that a candidate must have attained at least a bachelor’s degree, which some observers have suggested

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Belski the Bull

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Belski, and Downtown Josh Brown discuss earnings season, recession fears, market sectors, PE expansion out of a bear market, small cap stocks, consumer staples, Bob Iger getting things done, Microsoft vs Google, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Business lobby rips Biden’s stock buyback tax plan

CFO Dive

The push to raise taxes on corporate stock buybacks could hurt America’s retirement savers, as well as entrepreneurs, according to the U.S. Chamber of Commerce.

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Sebi probes Adani's links to investors involved in flagship firm's FPO

CFO News

Sebi is looking into any potential violation of Indian securities laws or any conflict of interest in the share sale process, said the two sources who have direct knowledge of the matter

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Opening the books on pay-versus-performance: are you ready?

CFO Dive

The new disclosures are meant to help investors compare executive compensation with company performance. It’s turning out to be a heavy lift for some companies.

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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Inside Wall Street’s gloom-and-doom racket: If an ‘expert’ is warning you that the market is about to crash, check their math : Admittedly, stocks haven’t done well over the last year, but instead of providing clients and the general public with clear-eyed views, a new ecosystem of hackneyed, alarmist analysts is relying on low-quality data to push people away from steady investments into an alternative ecosystem of products of du

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More non-banks, MSMEs likely to tap TReDS platform

CFO News

Trade Receivables and Discounting System (TReDS) is an electronic bill discounting platform regulated by RBI and endorsed by the central government to provide MSME 'suppliers' of corporate 'buyers' instant payments for future receivables to prevent delay in payouts for cash-strapped small businesses.

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Why I Built Cube: The Home of Strategic FP&A

Cube Software

FINGERLESS GLOVES I vividly remember stretching a pair of fingerless gloves over my frozen hands in the middle of the night. I was in an office building in New York City, the kind where the landlord shuts off the boiler at night to save money, updating 45 Excel tabs at two o'clock in the morning. I was on a deadline, due to my inability to articulate to my CEO why exactly it would take so long to pull together "a few KPIs" for the business.

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Trading firms are making fortunes by delivering Russian oil to India

CFO News

The European Union banned imports of Russian crude in December, putting the country at the mercy of two big buyers: China and India. Numerous new trading firms with ties to Moscow emerged — especially in Dubai — before the measure, along with a price cap on Russian oil, was imposed.

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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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SA Budget Speech 2023: What can CFOs expect?

CFO Talks

By Jeff Ryan , MD of AWCape, a Platinum Sage business partner for HR, payroll and financial solutions South Africa’s Budget Speech for 2023 is an eagerly anticipated event for CFOs and financial leaders alike, as it provides insight into the government’s economic priorities and plans for the year ahead. This year, however, South Africa’s economy is facing significant challenges, including high unemployment rates, continued inflation, rising interest rates, poor growth outlook,

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Adani-Hindenburg Row: SC seeks SEBI's response on existing regulatory framework by Feb 13

CFO News

​The court has asked SEBI to come to apprise the court of how to ensure that investors are protected in future. It has also asked the authority to show what is the existing structure and how to strengthen the regulatory framework.

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Stuart Stepney wins Dealmaker of the Year 2023

Castle Corporate Finance

Castle is delighted to announce that Managing Director, Stuart Stepney, has been named Dealmaker of the Year at the prestigious Insider South East Dealmakers Awards 2023, following in the footsteps of director Victoria Ansell’s win at last year’s awards. The highly regarded event, now in its seventeenth year, honours the region’s M&A professionals.

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Anish Shah to take charge as MD & CEO of Mahindra & Mahindra from April

CFO News

Currently Shah is holding the charge of Deputy Managing Director and Group Chief Financial Officer.

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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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Stiles CFO Lili Grobler on what her auditing degree didn’t teach her

CFO Talks

Stiles CFO Lili Grobler on what her auditing degree didn’t teach her Lili Grobler is the CFO of Stiles since 2016, a growing business based in George. Slotting into a family-run business can be challenging. However, Grobler tells CFO Talks that the move from an accounting, auditing business (Grobler did her articles at KPMG in Joburg) into the practicality of an operating business was more of a challenge.

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NCLT approval sale of Sintex Industries to Reliance Industries, rejects Axis Bank's plea

CFO News

National Company Law Tribunal (NCLT) Friday approved a debt resolution plan of Sintex Industries submitted jointly by Reliance Industries Ltd and Assets Care and Reconstruction Enterprise Ltd.

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Trouble mounts for Adani Group as Moody’s downgrades some entities, MSCI cuts weightage

CFO News

On Friday, Moody's downgraded its ratings outlook for Adani Green Energy; the Adani Green Energy Restricted Group, which represents some of its other units; and two subsidiaries of Adani Transmission to negative from stable, while the MSCI reassessed the size of some Adani companies' free floats, having determined there was "sufficient uncertainty" surrounding some investors in Adani companies.

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With 500 jets, Air India seals mother of all aviation deals

CFO News

The order includes 430 narrow body and 30 wide body aircraft and will be delivered to the airline over next seven to eight years. While European manufacturer Airbus has cornered a major share of the order with 240 A320 Neo and 40 A350 aircraft, Boeing has managed to win an order for 190 737 Max, 20 787 and 10 777x aircraft.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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India can grow at about 7% despite global uncertainty: Former chief economic advisor K V Subramanian

CFO News

India is already undergoing this shift to a higher growth path because of the sagacious economic policy implemented in COVID, where we undertook measures to enhance both supply and demand along with structural reforms, says former CEA K V Subramanian.

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India's industrial production index grows 4.3% in December

CFO News

In the first nine months of FY23 (April-December), industrial output was up 5.4% compared with a 15.3% rise in the corresponding period a year earlier. The first advance estimates released last month showed that the economy is likely to expand 7% in the current fiscal year.

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Pet care brand Wiggles promotes Pushkaraj Vartak to CFO

CFO News

Previously Vartak was Vice President, Accounts and Finance with the company.

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Over 4,900 new MNCs opened in India: Government

CFO News

A total of 1,333 MNCs have been closed down in the country, out of which 313 were foreign-based and 1,017 were their subsidiaries, Minister of State for Commerce and Industry Som Parkash said.

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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.