Mon.Apr 15, 2024

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991: Transforming Investment Wisdom Into Management Strategy | Jeff Bray, CFO, Semperis

CFO Thought Leader

Long ago, the power of focus was a lesson that Jeff Bray learned early in his career while transitioning from the role of analyst to that of portfolio manager. He recalls a strategic moment when he realized that narrowing his investments from many down to just three to five key stocks would greatly amplify his success. This principle of concentrated effort not only transformed his approach to investment management but also became a guiding principle throughout his career, which includes his late

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Retail sales surge as economy enters Q2 spurred by spend-happy consumers

CFO Dive

After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.

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Webinar- Demystifying SAP FI-CA for Handling High Volume and Velocity of Transactions in DSE

Bramasol

As the Digital Solutions Economy (DSE) has proliferated across many industries, the challenges of data Volume, Velocity, Density and Complexity have become critical for success. In this webinar , experts from SAP and Bramasol provide a deep dive into how SAP FI-CA, with proven capabilities for contract accounting, helps to address the key Volume and Velocity issues.

SAP 101
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How AI speeds ‘hugely time-consuming’ pricing, quote tasks

CFO Dive

Artificial intelligence could cut anywhere from 30% to 70% of the time businesses spend on the quote process, Lydia DiLiello, CEO of Capital Pricing Consultants said.

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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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The Top 10 Accounting System Conversion Mistakes to Avoid

CFO Selections

As fractional CFOs and Controllers our team engages with organizations in either a short-term or part-time capacity. One area where we often lend our expertise is in ERP (Enterprise Resource Planning) and MRP (Material Requirements Planning) installations. Properly implementing and managing the accounting and finance elements of these systems requires a depth of financial acumen that is best suited for an experienced CFO to handle because there are wide reaching business implications to consider

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Repurposing Your Content To Enhance Growth: How 1 Piece Of Content Can Cover 6 Different Marketing Tactics

Nerd's Eye View

Growing an advisory firm is no easy task – and advisors who start firms often have few resources to spare (beyond their own knowledge and time), face huge to-do lists, and are required to wear a number of hats. Foremost among their responsibilities is business development, which compels them to seek out prospects who will eventually become clients (so that they can grow their firms, allocate resources accordingly, and do even more financial planning!).

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NYCB hires new CFO, general counsel

CFO Dive

The beleaguered Long Island-based lender brought aboard four executives Friday whose careers had crossed paths with that of newly minted CEO Joseph Otting.

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Companies need to hire more women at entry level, retain them through their tougher years: Wipro CFO

CFO News

"The percentage of women (in leadership) in organisations is fewer, but it is representative of the fact that the overall percentage of women in the workforce is low. It is crucial that companies have more women at the entry level and then they are able to nurture and retain them through the tougher years.

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BMO Ranks Top 10 in the World in AI Innovation

Bank of the West

At BMO, digital isn’t just a channel – it’s how we operate. Innovation is at the core of our efforts to build a digitally enabled, future-ready bank, that harnesses the… Read more The post BMO Ranks Top 10 in the World in AI Innovation appeared first on About BMO.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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The CFO role then vs now

Future CFO

As the business world undergoes shifts and transformation, chief financial officers of organisations encounter changes within the role. Zane Rowe , CFO of Workday , and James Stark , consultant at Egon Zehnder , discuss technology, board collaboration, and the importance of finding perspectives in untapped places for innovative ideas. The post The CFO role then vs now appeared first on FutureCFO.

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iPhone may click with Titan, Murugappa

CFO News

Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.

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BlackLine launches Journals Risk Analyser for finance leaders

Future CFO

BlackLine, Inc. launched its generative artificial intelligence -powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. The move is part of BlackLine’s strategy to embed AI across its entire platform of financial close, intercompany accounting , invoice-to-cash, and consolidation so

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Data centre companies seek clarity on dark fibre for captive networks

CFO News

Under the current regime, unified licence holders with access service authorisation (telecom operators) and virtual network operator licence holders can provide leased bandwidth or point-to-point connectivity to enterprises. The industry has been seeking clarification on whether these licensed holders are also permitted to provide dark fibre to enterprises.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Cash Flow Solutions – Twelve Things To Do If You’re Cash Short

CFO Simplified

Every business ends up short of cash from time to time. But there’s short of cash, and then there’s SHORT OF CASH. In the first case, you’re going to have to wait a few months to buy that new production machine. In the second, you need to figure out some way of covering payroll on Friday. No one needs, or likes that kind of “short.” DOWNLOAD THE CASH FLOW SOLUTIONS DO’S AND DONT’S So, if you are so short of cash that you can’t cover payroll, what can you do to jump that gap, to allow

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Elon Musk's Starlink one step away from getting greenlit in India with in-principal govt nod

CFO News

The Telecom Ministry has granted an in-principle approval to Elon Musk's Starlink for satellite communications services in India, ahead of Musk's visit to the country. The approval follows almost three-and-a-half years of deliberation and awaits final vetting by the Home Ministry. Once approved, Starlink will receive a Global Mobile Personal Communication by Satellite (GMPCS) license, a crucial step for offering satellite communication services in India.

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

Previously in this series, we have explored the big picture regarding How Generative AI is Impacting the Digital Solutions Economy. In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

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Safety net in works to widen local funding pool for startups

CFO News

Government is crafting a framework to enable pension funds and insurers to invest in startups, aiming to boost domestic capital. Efforts include redefining startup criteria, educating investors, and potentially expanding existing funding schemes.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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7 Strategic Planning Steps to Make Your Company a Future Success

CFO Simplified

Are you missing Strategic Planning? Let’s quickly get through the first three items in any strategic plan. Here’s a quick review. These are key to making sure that everyone in your company is on the same page. Vision and Mission Statement – Why do you exist, and what is it that you provide to the marketplace? SWOT Analysis – Strengths, Weaknesses, Opportunities and Threats.

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CG Group has plans to list hotel business in next few years

CFO News

CG Group's CG Hospitality Global and The Fern brand aim for gradual public launch. Expansion strategies include EBITDA growth, strategic investor involvement, IPO launch, The Farm introduction, Taj properties, a Dubai hotel, safari lodge expansion.

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Oil and gas sector sees 20%-plus jump in hiring in March

CFO News

March job market: oil and gas, pharma, senior professionals thrive. Unicorns show hiring interest. AI/ML talent in demand. Niche roles like machine learning engineer see growth despite overall IT hiring decline.

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China's Q1 GDP grows 5.3% y/y, well above forecast

CFO News

The stronger-than-expected 5.3% growth in China's economy for the first quarter of the year comes as a positive surprise for analysts and policymakers alike. This growth figure surpasses the 4.6% expansion that was anticipated by analysts, indicating resilience in the face of challenges such as the ongoing property crisis.

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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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Disclose all loan fees upfront to customers, RBI instructs lenders

CFO News

"At present, banks disclose all charges on a term sheet. However, an ordinary borrower does not always read the four-five pages of terms and conditions, so we have already mandated this document in microfinance and digital lending. We are now asking this for all lenders," said RBI governor Shaktikanta Das.

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Rupee-rouble settlement volume up seven times from 2022: Sberbank

CFO News

India’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa.

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Trade deficit narrows to 11-month low of $15.60 billion in March as India cuts overseas purchases

CFO News

India's merchandise trade deficit decreased to $15.60 billion annually in March, according to government data. The yearly deficit narrowed to $240.2 billion in FY24. Economists, surveyed by Reuters, had estimated March's deficit at $18.55 billion.

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Jio Financial and Blackrock form JV to set up wealth management and broking business

CFO News

Jio Financial Services and BlackRock signed an agreement to form a 50:50 joint venture for the purpose of undertaking wealth business including incorporation of a wealth management company and subsequent incorporation of a brokerage company in India.

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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.