Tue.Aug 13, 2024

article thumbnail

Bolstering the CFO-CRO relationship to ensure AI investment returns

CFO Dive

The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.

CFO 282
article thumbnail

Navigator Business Solutions Unveils the Future with SAP S/4HANA Cloud Public Edition 2408

Navigator SAP

In an era where speed, intelligence, and precision dictate success, Navigator Business Solutions is thrilled to announce the game-changing release of SAP S/4HANA Cloud Public Edition 2408. This isn’t just another update—it’s a revolution in ERP, supercharged by cutting-edge AI that’s set to redefine how businesses operate and innovate.

SAP 255
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Starbucks taps CFO for interim CEO in midst of leadership shift

CFO Dive

Starbucks alum Rachel Ruggeri will step in as interim CEO as the coffee chain continues to fight labor activists and political protesters, leading to slumping sales.

article thumbnail

What Is Islamic Finance And How Does It Work?

Global Finance

The first of five parts of a Global Finance FAQ web series on Islamic finance. In just a few decades, Islamic finance has established itself as a significant player in global finance. Today, with thousands of institutions around the world, this sector is no longer limited to the devout clientele of Muslim countries in the Middle East and Southeast Asia.

Finance 116
article thumbnail

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

article thumbnail

Producer price inflation slows, brightening outlook for Fed rate cut

CFO Dive

The less-than-forecast gain in PPI last month bodes well for a decline in economy-wide price pressures in coming months.

More Trending

article thumbnail

M&A, vendor reliance help drive up ransomware threat: report

CFO Dive

The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.

225
225
article thumbnail

The role of AI-powered risk management in fraud prevention

Future CFO

Finance leaders nowadays are often asked with not only the usual queries on handling and managing risks in fraud, but also their strategies on digital transformation and how artificial intelligence can be of help. True enough, the Finance function now is not just about crunching the numbers and making use of data obtained from traditional work, as AI-powered risk management has been deemed a game-changing approach against identity theft and other fraudulent activities.

article thumbnail

Islamic Finance: How Does It Make Money Without Interest?

Global Finance

The second installment of a Global Finance FAQ web series on Islamic finance. Many of the products offered by Islamic financial institutions are comparable to Western or conventional finance even though interest and speculation are forbidden. Banks are by far the biggest players in Islamic finance—some of them are exclusively Islamic while others offer sharia-compliant products but remain mostly conventional.

Finance 96
article thumbnail

1,025: From Cost Management to Strategic Investment | Chikako Tyler, CFO, California Bank & Trust

CFO Thought Leader

In her role as CFO of California Bank & Trust, Chikako Tyler once found herself facing the collapse of Silicon Valley Bank—as it turned out, not the first financial crisis of her career, but the second. However, unlike with the first—the Great Recession, which forced her to leave a rewarding career in commercial real estate—this time, she was prepared to take charge of her professional destiny.

article thumbnail

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.

article thumbnail

Fund cited by Hindenburg against SEBI chairperson not domiciled in Mauritius: Regulator

CFO News

In a significant blow to Hindenburg Research, the Financial Services Commission (FSC) of Mauritius on Tuesday said the fund cited by the US short-seller in its allegations against SEBI Chairperson Madhabi Puri Buch are neither licensees of the FSC nor "domiciled in Mauritius"

52
article thumbnail

Is Islamic Finance New Or Old?

Global Finance

The fourth installment of a Global Finance FAQ web series on Islamic finance. For hundreds of years, there was no need for Islamic finance because there was simply no financial system to “Islamise.” Up until the second half of the 19th century, the vast majority of the Muslim population around the world was unbanked and the prohibition of interest was applied on transactions by tradition rather than by law or regulatory bodies.

Finance 52
article thumbnail

The Mentoring Round | Tom Bock, CFO, SmartFinancial

CFO Thought Leader

CFO Tom Bock reflects on two pivotal experiences that shaped his mindset as a leader. The first is a lesson from his childhood in communist Hungary, where his grandmother taught him the importance of responsibility and learning from life’s challenges. This early lesson instilled in him a lasting sense of duty and resilience. Fast forward to 2005, during his first banking job at Citigroup, Bock worked 63 hours straight to prepare a pitch, ultimately leading to physical exhaustion and failure.

CFO 52
article thumbnail

Islamic Finance FAQ: A Global Finance Series

Global Finance

Islamic finance is a fast-growing $3.9 trillion industry, yet many finance professionals do not know halal from haram. Global Finance answers the most frequently asked questions about Islamic finance in this five-installment series. Top 5 FAQs: 1. What Is Islamic Finance? 2. How Does Islamic Finance Make Money Without Charging Interest? 3. Is Islamic Finance Just For Muslim-Majority Nations?

Finance 52
article thumbnail

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.

article thumbnail

#FASuccess Ep 398: Building A $2.5B AUM Advisory Enterprise Under The Umbrella Of A National CPA Firm, With Eric Wulff

Nerd's Eye View

Welcome everyone! Welcome to the 398th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Wulff. Eric is the CEO of Marcum Wealth, an RIA based in Cleveland, Ohio, that oversees $2.5 billion in assets under management for approximately 2,700 client households. What's unique about Eric, though, is how he has built Marcum Wealth into a multi-billion-dollar firm under the umbrella of a national accounting firm, in large part by cultivating mutually beneficial rel

article thumbnail

Building Effective Finance Teams: A Guide to Staff Management

CFO Talks

Building Effective Finance Teams: A Guide to Staff Management Building a top-notch finance team is like assembling a puzzle where each piece needs to fit perfectly. As a CFO, your role goes beyond crunching numbers— it’s about creating a team that’s dynamic, cohesive, and ready to tackle the financial challenges of today and tomorrow. Imagine having a team that not only delivers accurate financial reports but also drives strategic initiatives, contributing to the growth and success o

Finance 52
article thumbnail

Food inflation to stay sticky, rate cuts may get pushed to FY26: Economists

CFO News

Despite consumer inflation dipping below the 4% target for the first time in five years, the Reserve Bank of India (RBI) is unlikely to soften interest rates this fiscal year. Economists attribute the drop to a base effect and caution that it may not signify a lasting trend against persistent inflation. Central bank Governor Shaktikanta Das emphasized that future rate decisions will be influenced by food price movements and ongoing inflation pressures.

article thumbnail

Transcript: Meir Statman

Barry Ritholtz

The transcript from this week’s, MiB: Meir Statman on the Intersection of Finance & Life , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Bloomberg Audio Studios, podcasts, radio News.

Finance 59
article thumbnail

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.

article thumbnail

India’s slowing consumer demand fuels calls for rate cuts

CFO News

The Reserve Bank of India has kept interest rates unchanged for more than 18 months, with Governor Shaktikanta Das saying last week that food prices remain a worry and would keep inflation above its 4% target. While data Monday showed inflation dipped below that level in July, that was largely due to statistical reasons, and unlikely to prompt the RBI to ease.

Banking 40
article thumbnail

Apple’s India business surpasses $23 billion as manufacturing growth reaches 50-year high

CFO News

According to the recent Economic Survey, India contributes around 14% to the US tech giant’s overall production, emerging as a key hub for its global exports. In FY23, India’s contribution was about 7%. iPhones dominate the numbers. Of the Rs 2-lakh crore valuation, iPhones worth a market value of around Rs 1.35 lakh crore ($15 billion) were exported last fiscal year, show calculations based on official data.

article thumbnail

Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan Pandey

CFO News

The National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit firms. NFRA Chairman Ajay Bhushan Prasad Pandey noted that while some positive changes have been made, particularly in addressing conflicts of interest, more improvements are needed. The NFRA is inspecting seven audit firms this year, with plans to increase the number further.

article thumbnail

More questions emerge on 'potential malpractice' by SEBI chairperson', JPC must: Congress

CFO News

A firm and its auditor sharing the same address is generally a sign of poor corporate governance.

40
article thumbnail

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.

article thumbnail

Insolvency Board mandates unique identification number for valuation reports

CFO News

As per the current practice, Registered Valuer (RV)/ Register Valuers Entity (RVE) submit the valuation reports with or without mentioning any reference number leading to potential issues concerning verification. "In order to ensure authenticity and to have a unique reference number of the valuation reports, it has been decided to provide a Valuation Report Identification Number (VRIN) for each valuation conducted under the Code," the IBBI circular said.

article thumbnail

Taxpayers getting faster refunds this year? FM says ITR processing time reduced to 10 days from 93 days

CFO News

Income tax refund: You can expect faster tax refund this year, however not everybody will benefit from this. Cetain complicated income tax return (ITR) forms like ITR-3 and even ITR-2 takes time to process. However experts say when compared to earlier times, the ITR processing times have indeed come down.

40
article thumbnail

Vaibhav Joshi joins Globe Teleservices as Group CFO

CFO News

Globe Teleservices, a Singapore-based telecom conglomerate, has appointed Vaibhav Joshi as its Group Chief Financial Officer, effective August 1, 2024. Joshi brings over 22 years of industry experience across sectors such as Retail, Telecom, IT, and Healthcare.

article thumbnail

Waaree Renewable targets Rs 2,600 crore revenue for FY25, driven by supportive govt policies and corporate energy shifts, says CFO

CFO News

Dilip Panjwani, CFO of Waaree Renewable Technologies, highlighted the company’s doubling turnover and the broader impact of government policies on renewable energy.

CFO 40
article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.