Mon.Mar 20, 2023

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Two growth blockers too big to ignore

CFO Dive

Data and human limitations cap your ability to drive revenue. It’s time for AI to help us break through.

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What is a Bailout?

Barry Ritholtz

Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? Were these people “bailed out?” What are the differences between insured depositors getting their cash back, a private sector rescue orchestrated by the Fed or the Swiss government, and a taxpayer-funded bailout?

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Trending Sources

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Accountant shortages likely to yield more audit failures

CFO Dive

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says.

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10 Monday AM Reads

Barry Ritholtz

My back to work morning train WFH reads: • Your NCAA Tournament Bracket Is a Business School in Disguise : What can you learn from the biggest upsets in college basketball? ( Wall Street Journal ) • What CEOs Are Getting Wrong About the Future of Work—and How to Make It Right : To build better companies, leaders need to experiment more, quit ‘living in fear of opening Pandora’s box,’ says Wharton management professor Adam Grant. ( Wall Street Journal ) see also Why Job Reshoring Is Merely a Tric

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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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Defunct Katerra sues former CFO for bonus

CFO Dive

The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

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More Trending

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IRS misses deadline for upgrading business transcript system

CFO Dive

The IRS has faltered as it shifts business tax transcript requests from a paper to an online system, according to the agency’s inspector general.

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PE/VC investments nearly halve in Feb 2023: Report

CFO News

The private equity and venture capital industry has seen a decline in investments in February, with investments totaling $3.7 billion. The reasons for this decline are uncertain, with concerns about the global recession and increased cost of capital being cited as major impediments. There were only nine large deals announced in February, totaling $3 billion.

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Software vendors race to bet on ChatGPT craze

CFO Dive

Software vendors, including finance-focused Klarity Intelligence, are moving to quickly adopt the technology behind ChatGPT while also wrestling with data security issues.

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Supreme Court declines to stay NCLAT order to hold second round of auction for RCap assets

CFO News

The Supreme Court on Monday declined to stay the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction for RCap assets. A bench comprising Justices Sanjiv Khanna M.M. Sundresh declined to entertain Torrent's contention seeking stay on the NCLAT order and issued notice on its plea and fixed the matter for further hearing in August.

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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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Lessons from SEC’s $3M Blackbaud cyber penalty

CFO Dive

The Charleston, South Carolina-based software provider’s recent data breach settlement with the SEC serves as a cautionary tale for C-suite leaders.

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How Listing Fees On Advisory Firm Websites Can Clearly Communicate The Cost (And Value) Of Planning

Nerd's Eye View

When a prospect is looking for a financial advisor, understanding how much they will need to pay can often be a tricky proposition. In part, this is due to the many commission-based advisors whose compensation depends on the sale of insurance or investment products, where the price that a client pays is baked into the price of the product or is included in (often opaque) fees associated with buying, selling, and/or holding the investment.

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Travel + Leisure CFO talks uptick in travel, bleisure

CFO Dive

Despite headwinds on travel from the pandemic, CFO Mike Hug has continued to capitalize on new opportunities within the industry.

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Depositors Spooked: After Credit Suisse, Who’s Next? Q&A With Accelerate Financial Technologies CEO Julian Klymochko

Global Finance

Where might the next shoe drop in the banking sector? Accelerate CEO and ETF specialist Julian Klymochko has some surprising answers.

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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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2 growth blockers too big to ignore

CFO Dive

Data and human limitations cap your ability to drive revenue. It’s time for AI to help us break through.

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Bajabulile Mthiyane on crisis management in the 2021 Unrest aftermath

CFO Talks

Written by Staff Writer “It was the most stressful period we have ever had to experience, not just myself as a CFO but the team in finance and the company,” Bajabulile Mthiyane, CFO at Sasria, told the CFOClub podcast. Sasria, the state-owned short-term insurer specialising in civil commotion, public disorder, riots, strikes and terrorism risk, faced insolvency after the 2021 riots. “We could see that if we were to go out and start paying these claims, in a couple of months, e

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With tech’s favorite banks in turmoil, some are choosing loyalty

CFO Dive

After several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

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Payment behaviours likely to deteriorate in 2023 

Future CFO

Payment behaviours are likely to deteriorate in 2023 while the global liquidity gap of US$30 trillion is here to stay, said Allianz Trade recently when releasing a report on payment trends and working capital requirements. Report highlights Costly operations. Global Working Capital Requirements (WCR) for listed companies increased by +9 days to 72 days of turnover in 2022 – the largest annual increase since 2008 – following an increase of 3 days in 2021.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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UBS-Credit Suisse merger: Role rationalisation may lead to job cuts at India-based tech centres

CFO News

Both UBS and CS have about 7,000 people each across three Indian cities in their technology centres. After the merger, role rationalisation is likely to lead to many job losses in these areas as UBS will seek to retain only the best talent at Credit Suisse.

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Yes, This Is a Bailout of Credit Suisse

The Reformed Broker

On this special episode of Live from The Compound, Jesse Eisinger (senior editor and reporter at ProPublica) joins Michael Batnick and Josh Brown to discuss UBS acquiring Credit Suisse, ProPublica’s new insider trading expose, and much more! Follow Jesse on: Twitter Book Let us know if we can help you with your financial plan or portfolio: [link]. The post Yes, This Is a Bailout of Credit Suisse appeared first on The Reformed Broker.

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India Inc's strong debt profile key to economy's macro stability: Finance Ministry

CFO News

"Tightening of financial conditions by central banks to tame inflation has raised concerns regarding the exacerbation of corporate debt vulnerabilities, with corporates being already highly leveraged," the ministry said, adding such concerns were limited for India.

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Webinar: Bank Fee Management Webinar Series: Bank Account Management and Structures

Strategic Treasurer

Bank Fee Management Webinar Series: Bank Account Management and Structures May 16 and 17 Register Now Dates / Times Tuesday, May 16, 2023 11:00 AM – 11:30 AM EDT Wednesday, May 17, 2023 2:00 PM – 2:30 PM EDT Where This is an online event Speakers Jason Campbell, Strategic Treasurer Craig Jeffery, Strategic Treasurer Hosted By 0.6 CTP re-certification credits are pending for attendance to this live webinar.

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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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GDP to grow at 7%; inflation set to moderate: Finance Ministry report

CFO News

This will provide a much-needed cushion to India's external sector at a time when the Fed is likely to raise rates further and ensure that India's external finances are not a major cause of concern, it said.

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How Does Equipment Financing Work?

Commercial Credit Group

Equipment financing is when you obtain a loan to purchase equipment. However, equipment financing can also include equipment refinancing , which can result in reduced monthly payments or cash out (working capital). And whether you are financing the purchase of a new or used machine, or refinancing, the process is similar.

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Amul wants to be a total food company: MD Jayen Mehta

CFO News

Speaking to ET in his first interview after succeeding RS Sodhi in January at the ₹61,000-crore brand owned by Gujarat Cooperative Milk Marketing Federation (GCMMF), Mehta, said: "Dairy remains our core, but we have a robust pipeline of growth; we want to straddle every foods category consumers use in the kitchen, and we are going about it with speed, scale and larger investments.

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How to Grow a Nonprofit: 5 Marketing Strategies

The Charity CFO

Growth: likely a key point in any strategic plan and something that is the top of mind for many leaders. How to grow your nonprofit is, after all, the key to strengthening your work, achieving your mission, and making an impact. Strategy decisions ultimately come down to being able to continually operate your programs and execute on your goals. Growth can mean many different things to different people.

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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.