Wed.Sep 13, 2023

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Gen AI in high gear: Mercedes-Benz leverages the power of ChatGPT

Mckinsey and Company

Philipp Skogstad, CEO of Mercedes-Benz R&D North America, shares the story of bringing generative AI to 900,000 beta testers and discusses the vision, impact, challenges, and path forward for generative AI applications in the automotive sector.

Leverage 279
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Grayscale CFO says FASB met the crypto moment

CFO Dive

Ed McGee’s praise for the new crypto rules comes as the digital asset manager is battling the SEC to launch the first bitcoin exchange-traded fund.

CFO 292
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What is cultivated meat?

Mckinsey and Company

Cultivated meat is animal protein grown in a lab from animal cells.

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BP CFO steps into breach after CEO resigns

CFO Dive

A CEO scandal has opened the door for CFO Murray Auchincloss to take over the company on an interim — and possibly permanent — basis.

CFO 286
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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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Panama’s ambitious 30x30 plan: Protecting its rich biodiversity

Mckinsey and Company

Milciades Concepción, Panama’s Minister of Environment, reflects on the country’s conservation program designed to safeguard its natural resources and drive a sustainable economy.

Planning 199

More Trending

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Gearing up for mobility’s future with quantum computing

Mckinsey and Company

Quantum computing is advancing—and it could put the mobility revolution into higher gear.

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Inflation exceeds forecasts as fuel prices surge

CFO Dive

Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after a monetary policy meeting next week.

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How do consumers perceive in-car connectivity and digital services?

Mckinsey and Company

It’s a connected world—and a recent McKinsey survey suggests that digital solutions are increasingly important along the entire mobility value chain.

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For successful CFO hires, focus on executive style: Kingsley Gate

CFO Dive

Really digging into an executive's leadership style can help companies seeking CFOs to create a lasting fit, Kingsley Gate’s Ed Montoya says.

CFO 247
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Acterys: Revolutionizing CIO & CFO Decision-Making

Welcome to the Future of Technology for CIOs & CFOs! Ever stood on the precipice of a technological revolution, feeling the energy of change? Ever been captivated by the whispers of a software that's not just innovative but genuinely groundbreaking? Acterys unveils a groundbreaking technology tailored for CIOs and CFOs. This state-of-the-art solution streamlines data integration, analytics, and forecasting, empowering leaders to make informed decisions quickly.

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Walmart: Testing what a “regenerative” company means in practice

Mckinsey and Company

Kathleen McLaughlin, executive vice president and chief sustainability officer for Walmart, describes how Walmart operates at the vital intersection where business, society, and a healthy planet meet.

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U.S. inflation rose 0.6% in August; what does it mean for TIPS, I Bonds and Social Security?

Tips Watch

By David Enna, Tipswatch.com As expected, rising gasoline prices pushed U.S. inflation higher in August, rising a seasonally-adjusted 0.6% for the month and increasing 3.7% year-over-year, the Bureau of Labor Statistics reported today.

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AI-driven smart retail solutions in China: An interview with Cloudpick CEO Jeff Feng

Mckinsey and Company

Computer vision can boost earnings and cut costs, while enhancing the in-store experience.

Retail 178
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EY reports global revenue of $49.4 billion, a 14.2% jump

CFO News

Consulting grew fastest at 21.6% to $16.1 billion, followed by tax practice which grew 12.2% to $12.01 billion. Assurance business grew 11% to $15.1 billion. Strategy and transactions grew 8.4% to $6.01 billion.

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The Buyer’s Guide to HR & Payroll Technology

Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?

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Birinyi’s Axioms

Barry Ritholtz

This year, we lost one of Wall Street’s brightest lights. Beginning in 1974, and over the next 50 years of investing, Laszlo Birinyi closely watched the markets. He was one of the market’s most insightful observers and served clients with great distinction. He was a Truth-teller, especially about how people allowed financial Media to affect their emotions, and was unusually frank about his fellow strategists and Wall Street salespeople.

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Why The Common Approach Of “Think It Over” Might Work For Product Sales, But Undermines Service-Based Financial Planning Relationships

Nerd's Eye View

For many financial advisors, encouraging new prospects to "think it over" at the end of an initial meeting can seem like a gentle way to offer the prospect space to decide whether the relationship will be right for them, while at the same time, keeping the advisor from feeling that they may be coming across too aggressively by making an immediate sales pitch.

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Hot-Tip: Managing RevRec for Subscriptions with SAP EBRR

Bramasol

Learn how SAP Event Based Revenue Recognition (EBRR) in the SAP Public Cloud can enhance revenue management and ensure compliance for subscription-based offerings, thus enabling businesses to streamline and optimize their processes. Watch this free webcast to get a detailed look at the why, what and how of EBRR. Key points discussed in this webcast include: Benefits of Event Based Revenue Recognition in the cloud Specific scenarios where EBRR works best Detailed demonstration of EBRR in SAP Publ

SAP 68
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Quantifying Investments in Customer Success and Retention

The SaaS CFO

CFO’s like to analyze and quantify as much as possible. Our utopia is data-driven decisions while avoiding analysis paralysis. We are known for saying “no” a lot, but really, we want to enable. So when it comes to the Customer Success function, how do we quantify this investment? Or general investments in retention programs? In […] The post Quantifying Investments in Customer Success and Retention appeared first on The SaaS CFO.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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Wholesale inflation rate in negative category for 5th straight month, WPI down 0.52% in Aug

CFO News

India's wholesale inflation rate in August decelerated by 0.52%, after a decline in July, according to the Department for Promotion of Industry and Internal Trade. The rate had been negative in June, May, and April. Retail inflation in August decreased to 6.83% from July's 15-month high of 7.

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BlackLine announces AI-enabled intercompany accounting capabilities 

Future CFO

BlackLine said it has announced the first AI-enabled intercompany accounting capabilities. Designed to prevent transaction failures before they occur and minimise time and resources spent across the entire transaction lifecycle, ‘intercompany predictive guidance’ will be integrated into BlackLine’s family of intercompany financial management solutions, the firm noted.

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Byju’s denies hiding $533 million in hedge funds, says money invested in ‘high-grade fixed income assets’

CFO News

Byju’s statement was in response to a Bloomberg report that said the Bengaluru-based firm’s lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.

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Reliance Capital insolvency: NCLT rejects Torrents's plea, to hear Hinduja's resolution plan approval on September 26

CFO News

The matter was listed for hearing on Tuesday before the insolvency tribunal, however, it has now been adjourned to September 26. The NCLT said the Supreme Court on the plea filed by Torrent has 'abundantly' made it clear that it would be kept in abeyance until the parties have had an opportunity to obtain circulation and interim orders of stay in the proceedings.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Inflation hurting patients, but health of hospitals improves

CFO News

Hospital chains in India are experiencing a rise in average revenue per operating bed (ARPOB) and a decrease in average length of stay (ALOS) for patients. This has resulted in improved operational performance and higher valuations on the stock market. However, patients are facing increased treatment costs, even with shorter hospital stays, due to medical inflation and rising expenses for hospitals.

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LTTS to hire 2,000 people this fiscal to drive auto IT solutions

CFO News

Amit Chadha, CEO of Larsen & Toubro Technology Services (LTTS), stated that the company's plans to hire an extra 2,000 personnel in the current fiscal year have been accelerated due to the rising demand for software defined vehicles.

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Proposals worth ?4k cr under IT hardware PLI likely to be cleared

CFO News

India is expected to approve investment proposals worth ₹4,000 crore under the revised IT hardware Production Linked Incentive (PLI) scheme. Last month, the ministry of electronics and IT received 40 proposals amounting to ₹5,000 crore, but not all will be approved due to budget constraints.

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Creditors to IL&FS Tamil Nadu Power reject NARCL's offer

CFO News

Lenders felt that NARCL's offer of ₹4,700 crore in a 15:85 structure was below their recovery expectations through the debt restructuring process. Under 15:85, 15% of the amount is paid upfront while the remaining is paid by way of security receipts.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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Mahindra's Classic Legends to pump in ?1,000 crore till FY26 to rev up business

CFO News

Classic Legends is also working on a pure electric motorcycle for the UK, Europe and other mature markets. Developed ground-up with the University of Warwick, the model will go on sale from 2024. The company claims that it will be the most affordable e-motorcycle in its segment.

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Coffee Day Global, IndusInd Bank settle debt issues, NCLAT terminates insolvency proceedings

CFO News

The Counsel representing the companies informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations, according to PTI.

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No more pension or provident fund benefits for I-T, GST tribunal members

CFO News

Earlier, serving high court or Supreme Court judges were sometimes appointed as chairperson or a member while staying in their existing service. So they were entitled to pension and other benefits. Now when a serving judge of any court is appointed as chairperson or a member of the tribunal, they will have to either resign or obtain voluntary retirement from their parent service before joining the tribunal.

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