Fri.Dec 01, 2023

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Powell does not rule out Fed rate hike even while noting slower inflation

CFO Dive

The Fed chief suggested that borrowing costs will remain high for the foreseeable future despite recent signs that inflation, hiring and economic growth are slowing.

Economics 311
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How to Cut the Costs of FDA Validation with ERP

Navigator SAP

All businesses want systems that perform as expected. But for life sciences companies, there is the additional burden of proving that the systems and processes within the company perform as expected. That’s because the U.S. Food and Drug Administration (FDA) regulates certain processes for public safety reasons. So life sciences firms are legally required to validate their systems.

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Ulta Beauty rides strong consumer spending, taps new financial leadership

CFO Dive

CFO Scott Settersten will retire after 11 years at the financial helm, with Ulta Beauty’s SVP of finance poised to take the seat as consumers continue to spend on smaller luxuries.

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Forecasting Recessions

Barry Ritholtz

The chart above shows that 84% of CEOs are forecasting a recession over the next 12 months, 69% of Consumers saying the same thing, with the yield curve predicting a 61% chance of a contraction. The problem is those sets of forecasts is already 2 months old, dated October 3, 2023. It was before the very encouraging CPI, Unemployment, and GDP data releases.

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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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FIS CFO eyes small acquisitions

CFO Dive

Fidelity National Information Services is on the hunt for smaller acquisitions in one of its divisions, and it’s benefitting from other companies’ deals in another.

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More Trending

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Retailers have a crime problem. It’s in the numbers.

CFO Dive

The issue is complex and often clouded by imprecise data — sometimes from the industry itself.

Numbers 146
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10 Friday AM Reads

Barry Ritholtz

Welcome to December! Our end-of-week morning train WFH reads: • S&P 500’s Historic 8.9% Rally Blindsides Skeptics on Wall Street : The US stock market just posted its best month in almost a year and a half, and one of its best Novembers in decades, defying skeptics and fueling hopes for more gains to come. ( Bloomberg ) • Dimensional Fund Advisors Reaps $100B More in Assets With ETFs : The firm has $100 billion in assets under management in its nearly 40 exchange-traded funds, even though it

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Weekend Reading For Financial Planners (December 2-3)

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 U.S. Supreme Court heard arguments this week in the case of SEC v. Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in

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Capgemini appoints Nive Bhagat as Group CFO

CFO News

Capgemini announces Nive Bhagat as the new CFO, succeeding Carole Ferrand.

CFO 98
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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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Annual Budgeting Process: look at 2024

Spreadym

The annual budgeting process refers to the series of steps an organization undertakes to plan, prepare, and allocate financial resources for the upcoming fiscal year. This process typically involves several stages: Establishing Objectives and Guidelines: Define the organization's strategic goals and financial objectives for the upcoming year. These goals will guide the budgeting process.

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Ep 29: FP&A: The Silo Buster

CFO Thought Leader

This episode of Planning Aces Brett and Jack discuss FP&A’s role when it comes to breaking down silos within departments, and how A.I. is quickly emerging as FP&A’s ultimate silo busting partner. Their discussion highlights the importance of connecting business performance metrics with financial outcomes and the role of AI will play in complex analysis.

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Adani Group plans to raise $350 million to prepay Dec 2024 bonds

CFO News

RG1 is restricted group with solar generation capacity of 930 MW and includes three subsidiaries of Adani Green - Adani Green Energy (UP) Limited, Parampujya Solar Energy Private Limited (PSEPL) and Prayatna Developer Private Limited.

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CFO Outsourcing: Unlocking Business Success

Capital CFO LLC

Are you a business owner in New York? Are you constantly struggling with financial management and finding it difficult to keep up with the ever-changing financial landscape? Well, my friend, […] The post CFO Outsourcing: Unlocking Business Success appeared first on Capital CFO+.

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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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A strong third quarter on the cards for the Indian economy

CFO News

GST surged 15% from a year earlier to ₹1.68 lakh crore in November, as the festival season and strong economic activity contributed to growth, showed data released Friday. "At the moment, most of the other indicators seem to be suggesting that there is resilience in the economy," said Upasna Bhardwaj, chief economist, Kotak Mahindra Bank.

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Castle kicks off December with nominations hat-trick!

Castle Corporate Finance

Castle is delighted to be nominated in three categories at the 2024 Insider South East Dealmakers Awards, the long-established and hotly contested event which recognises the leading finance and M&A professionals across the region. Hot on the heels of last year’s successes, including Stuart Stepney’s Dealmaker of the Year win, it has been announced that Castle has been shortlisted for the following awards: Corporate Finance Advisory Firm of the Year Corporate Finance Adviser of the Year (Vict

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Adani Group plans $84 bln infra spend over next decade

CFO News

The billionaire Gautam Adani-led group will also decide on divesting its stake in Adani Wilmar, its joint venture (JV) with Singapore's Wilmar International, in the next three months, Singh said on the sidelines of the Trust group event in Mumbai.

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How a ‘Non-Control’ Private Equity Sponsor Can Effectively Leverage Consultants  

E78 Partners

The Rise of the ‘Non-Control’ PE Fund The traditional private equity model is one in which the fund takes a control ownership position in the firm. However, there are many factors in today’s marketplace – such as competition for deals – that are compelling many private equity funds to invest in companies in a ‘non-control’ position. This is happening more and more frequently in the middle market in particular.

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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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PM Modi proposes to host COP33 in India in 2028

CFO News

India's Prime Minister Narendra Modi has proposed hosting the 33rd Conference of the Parties of the UNFCCC (COP 33) in 2028. Speaking at COP 28 in UAE, Modi stated India's commitment to the UN Framework for Climate Change process and its 11-year ahead of time emission intensity targets.

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COP28 lines up new climate pledges - but do they work?

CFO News

Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise.

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GST collections for November at 1.68 lakh cr, up 15% YoY

CFO News

Of the total collections, central GST (CGST) is Rs 30,420 crore, state GST (SGST) is Rs 38,226 crore, Integrated GST (IGST) is Rs 87,009 crore, including Rs 39,198 crore collected on import of goods. During the month, the revenues from domestic transactions (including import of services) are 20% higher than the revenues from these sources during the same month last year.

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Tata Consumer Products appoints Ashish Goenka as Group CFO

CFO News

Goenka will be succeeding L Krishnakumar who retired as Finance function of Tara Consumer Products on October 31st, 2023. Krishnakumar will continue as Senior Advisor until March 31st, 2024.

CFO 52
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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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Tata Power CFO sees interest rates peaking, says raising debt won't be a challenge

CFO News

Sanjeev Churiwala says Tata Power's cost of funds stands at about 8% as of September end and the company has seen a comparatively smaller rise in its funding cost compared to the rise in repo rate.

CFO 52