Fri.May 05, 2023

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Bean CEO wants to bring flexibility, creativity to accounting

CFO Dive

To solve the accounting shortage, Bean CEO Anees Pretorius asserts the industry must provide talented professionals with the tools and flexibility they need to do better work more quickly — and to make it more delightful.

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The Importance of an ERP System for Professional Services Firms

Navigator SAP

As a manager or an executive at a professional services firm, have you asked yourself any of these questions in the past year?

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Robust hiring persists despite credit tightening

CFO Dive

Unemployment remains unusually low even though the Federal Reserve has sought to curb inflation and trim growth by raising the main interest rate to the highest level since 2007.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning NFP train WFH reads: • Warren Buffett’s Formula for Success: One Good Decision Every Five Years : Berkshire Hathaway has obliterated the market in his 58 years at the company. He credits roughly 12 decisions. ( Wall Street Journal ) see also The 10 Greatest US Investors and the Virtues That Made Them : There can be few fields of human endeavor in which history counts for so little as in the world of finance.

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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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CFOs brace for tighter times as credit dries up

CFO Dive

As difficult as the financing environment is right now, Wolters Kluwer’s Jeroen Van Doorsselaere predicts “a real credit crunch” developing in the second half of 2023.

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More Trending

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Apple CFO touts record service revenue as sales decline

CFO Dive

Among Apple’s services offerings, growth areas include Apple Card, Apple Pay and cloud services.

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CFOs shouldn’t sit on the sidelines when it comes to cybersecurity

CFO News

The CFO's role is to identify and mitigate financial risk and this is precisely why they need to join forces with CISOs to understand their organisation’s security risk and all financial costs that come with it.

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Responsibly Reckless

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Ian Dunlap, Leanna Haakons and Downtown Josh Brown discuss regional banks, the importance of Apple’s earnings, how AI is changing the labor market, TEN STRAIGHT RATE HIKES, the Coinbase shareholder lawsuit, 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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The real cost of non-compliance on your business

CFO News

With critical processes on auto-pilot, enterprises can achieve the two-fold goal of de-risking non-compliance and improving their overall finance value.

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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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Weekend Reading For Financial Planners (May 6-7)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, presumably including RIAs.

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Breach of Trust: Decoding the Banking Crisis

Musings on Markets

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week. The banks that have fallen so far collectively controlled more deposits than all of the banks that failed in 2008, but unlike that period, equity markets in the United States have stayed resilie

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Where do CFOs come from? Study reveal

CFO Talks

Written by Staff Writer A recent study by Russell Reynolds Associates traced the career paths of Fortune 100 CFOs revealing that a whopping sixty-nine percent of CFOs are promoted from within their companies of origin. Key takeaways · The majority of CFO appointments are internal promotions representing sixty-nine percent of Fortune 100 CFOs. Only thirty-one percent were recruited externally. · Divisional CFO role is the most common road to finance chief · Women still only present ten percent of

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Adani Enterprises' ability to service debt improves

CFO News

The company's interest service coverage ratio, a measure of its operating profit versus its interest costs, has improved to 3.09 at the end of FY23 compared with 2.41 a year ago, as per the company's own calculations.

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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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Aziz Hardien talks about servant leadership in the Public Sector

CFO Talks

Aziz Hardien, the Provincial Accountant-General of the Western Cape, has been committed to public service for nearly two decades. In a recent interview with CFO Club, Aziz spoke about the challenges he faces in dealing with the lack of skills and competencies within the government sector, and his unwavering commitment to serving the citizens of his province.

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Why airlines keep folding in India’s booming aviation market

CFO News

Indian airlines have faced fierce competition amongst each other as they have ordered billions of dollars worth of planes for an emerging middle class wanting to travel. It is a difficult market due to a mix of low-cost fares, high taxes on fuel and competition, which has only worsened due to the pandemic.

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What Does Chat GPT Mean for Finance Teams?

Beacon CFO Plus

By Rob Joseph, Director, BeaconCFO Plus Starting a conversation with Chat GPT , the latest iteration of Open AI’s chatbot, is as simple as typing a few lines of text—usually a statement, directive, or question. You can request a recipe for a French-inspired dish using ingredients you have on hand, ask for a language translation, or even have it write you an original poem.

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GoI, Vedanta likely to discuss Balco IPO

CFO News

The government wants Vedanta to list Balco (formerly Bharat Aluminium Co) so that it can offload a part of its stake through the initial public offer (IPO) route before exiting the company fully in due course, said the persons cited above.

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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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What Is the CFO’s Role in Risk Management?

Beacon CFO Plus

By Rob Joseph, Director, BeaconCFO Plus The CFO wears many hats and among them is serving as the first line of defense against risk for your organization. Risk can mean something different for every company—as Warren Buffett famously said, “Risk comes from not knowing what you’re doing.” Knowing what you’re doing begins with having a strategic plan in place for your business that incorporates risk management.

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Age factor: Indian companies looking for younger independent directors

CFO News

Leadership consultants such as Russell Reynolds, Heidrick & Struggles and Native said they are seeing increasing mandates for age diversity on boards, with a certain set of companies looking for directors in their 40s and up to mid-50s.

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Welcome Doug Dean

Focus CFO

We are delighted to welcome Doug Dean to the FocusCFO family as an Area President for the Greater Pittsburgh region. With over three decades of diverse experience spanning startups to Fortune 100 companies in Pittsburgh and Western Pennsylvania. Doug brings a wealth of knowledge and expertise to his new role. He looks forward to leveraging his skills to help small and medium-sized businesses in his community by connecting them with skilled fractional CFOs.

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NCLT to hear two insolvency petitions filed against Go First on May 8

CFO News

Aircraft lessor Aircastle (Ireland) Ltd has filed the petition against SpiceJet for initiating insolvency resolution proceedings. The plea was filed on April 28 and it is to be heard by the NCLT Principal Bench on May 8, according to an update on the tribunal's website.

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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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The Key to Growth in a Slow Economy

CFO Share

With inflation stubbornly high and the fed rate increases continuing, you may feel frustrated by lack of growth in your small business. Although slow economies are overall stagnant, you can still find business growth opportunities. Throw out the playbook from the boom years and adopt strategies for business growth in a recession. The following are some strategies that we deploy with our clients during slowed economic growth.

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How NEC global CFO plans to integrate regional finance teams

CFO News

Mayank Khandelwal says the company has created five pillars – commercial and business finance, financial planning & analysis (FP&A), treasury and cash, controllership/ compliance, and IT – and all finance regions will be aligned with these capabilities.

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Nobody Knows Anything, FedWatch Edition

Barry Ritholtz

Imagine you had a device that allowed you to peer into the future. You enter a subject matter into this machine, requesting a specific quantitative measure, and at a specific future time. In other words, Price and Date. The machine whirrs and spins, lights flash, bells ring, and out pops a chart showing a range of answers and their probabilities. You might imagine a machine like that would be worth a lot.

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CBI raids Jet Airways offices, residence of founder Naresh Goyal in bank fraud case

CFO News

The Central Bureau of Investigation (CBI) on Friday carried out searches at 7 locations linked to Jet Airways in Mumbai in connection with a Rs 538 crore bank fraud case. Searches were also carried out at residences of Jet Airways founder Naresh Goyal, Anita Goyal and former company director Gauranga Anand Shetty.

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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.