Mon.May 01, 2023

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A Timeline Of Financial Markets

Barry Ritholtz

I have been a reader of Jamie Catherwood’s Investor Amnesia since it launched. It is always filled with interesting reminders from the past. Investor Amnesia is a wonderful reminder that we tend to forget that which came before. Ray Dalio put it even more starkly, noting that nothing is truly unprecedented , and we tend to use that word to refer to those things we have not experienced in our lifetimes.

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AI boosts productivity 14%: NBER case study

CFO Dive

Generative AI improved customer service at a Fortune 500 company by prompting less experienced staff to adopt the best practices of their most talented co-workers.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • The Fed Has No Good Options. The Risk of a Misstep Is Growing. The Federal Reserve is struggling to cool inflation further without damaging the economy. The easy part is over. ( Barron’s ) • The Bear Market’s Survivors Share Their Biggest Lessons : With the S&P 500 in the longest bear market since 1973, individual investors maneuver differently from just months ago. ( Wall Street Journal ) • How Druckenmiller Does It: He Hates To Lose : Drucke

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CFOs ready, not ‘shocked’ by First Republic failure

CFO Dive

Many finance leaders now have a “quick-trigger game plan in place should another domino fall,” according to Jack McCullough, founder and president of the CFO Leadership Council.

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Planning Your Restaurants 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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#251 – Fraud in a Changing Treasury Landscape Episode 2: Do You Know Who Is Accessing Your Banking Information?

Strategic Treasurer

Episode 251 Fraud in a Changing Treasury Landscape Episode 2: Do You Know Who Is Accessing Your Banking Information? Criminals are always looking for the path of least resistance. When your company strengthens its defenses, new weak links are found and explored. In this episode, Craig Jeffery and Omri Kletter continue the discussion on some of the key findings that came out of the Treasury Fraud & Controls 2023 Survey.

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GST collection at Rs 1.87 lakh crore in April, highest-ever

CFO News

Gross GST collection in April 2023 is all-time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 lakh crore, in April 2022," said a release from the finance ministry.

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JPMorgan to ‘fight hard’ to retain First Republic clients, CFO says

CFO Dive

JPMorgan’s agreement to buy the failed bank’s assets once again raises questions of the health of the banking ecosystem, particularly shining a light upon regional banks.

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Long road ahead for women in finance leadership but a promising one

CFO News

Only when women CFOs are given the opportunity to excel in their roles can they truly demonstrate their capabilities and move the industry forward.

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AP/AR automation: securing cashflow, enriching partnerships

CFO Dive

Automating accounting processes is like irrigating your financial garden.

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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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The Latest In Financial #AdvisorTech (May 2023)

Nerd's Eye View

Welcome to the May 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that robo-advisor Betterment entered into a $9M settlement with the SEC for misrepresenting its tax-loss harvesting practices in its client agreements and marketing materials compared with its actual practice

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Trade Law Catches Up With Technology

Global Finance

A slow process of switching from physical to digital trade documentation appears to be speeding up.

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Generative AI: What business leaders can do to manage risk

Future CFO

As generative AI continues at a breakneck pace, organisations need to act now to formulate an enterprise-wide strategy for AI trust, risk and security management (AI TRiSM), said Gartner recently. There is a pressing need for a new class of AI TRiSM tools to manage data and process flows between users and companies who host generative AI foundation models, the advisory firm noted.

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New Cash Challenge

Global Finance

High interest rates are forcing CFOs to leave no stone unturned in the search for working capital.

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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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Asia-Pacific to grow 4.6 pc in 2023; India, China to contribute half of global growth: IMF

CFO News

The IMF report said that India and China, the two largest emerging market economies of the Asia-Pacific are expected to contribute around half of global growth this year, with the rest of Asia and Pacific contributing an additional fifth.

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My schedule … and what’s coming next

Tips Watch

Traveling again? Of course. By David Enna, Tipswatch.com For most of last week, I was stressing out about today, when I will be leaving for South America for a tw0-week-plus trip. It wasn’t the travel that had me stressed.

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Economists divided over global recovery; India to benefit from supply chain changes: WEF survey

CFO News

Economists worldwide are evenly divided on the prospects for the economy, with equal shares of 45 per cent finding a global recession this year likely or unlikely, but India figures among the economies most likely to benefit from supply-chain changes, a survey showed on

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The Power of Branding: A Guide for Business Owners & Startups

Capital CFO LLC

Introduction to Branding The Cambridge Dictionary defines branding as “the act of giving a company a particular design or symbol in order to advertise its products and services.” This, unfortunately, is […] The post The Power of Branding: A Guide for Business Owners & Startups appeared first on Capital CFO+.

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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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US may run short of cash after June 1 without debt limit hike -Treasury

CFO News

The United States Treasury warned that the government could run out of cash to pay its bills as soon as June. The Treasury Secretary Janet Yellen sent a letter to Congress informing that the agency will be unable to meet U.S. government payment obligations by early June, urging Congress to raise the debt limit.

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Your guide to financial forecasting essentials (for 2023)

Cube Software

What is financial forecasting? Financial forecasting is a specific process where businesses take financial data from the past, apply it to the current business environment, and aim to make predictions about a company’s future financial outcomes.

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Care Hospitals buyout: Max Healthcare sues TPG for 'breach of term sheet agreement'

CFO News

Max Healthcare Institute has lodged a suit against TPG, the owner of Care Hospitals, in the Bombay High Court after the private equity firm favoured Blackstone’s offer over Max’s bid. The hearing is set to begin 3 May and Max Healthcare is claiming breach of their term sheet agreement over a “specific performance” clause. Max Healthcare has also claimed that their own offer was "shopped around to Blackstone despite a non-disclosure and exclusive agreement.

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The essential elements of a strategic plan: explained

Cube Software

What is strategic planning? Strategic planning is the process used to allocate resources, set goals, and identify risks and opportunities.

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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.

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Volume to drive HUL growth; no price war: Sanjiv Mehta, MD, Hindustan Unilever

CFO News

Mehta said that if commodity prices fall, Hindustan Unilever will pass on the benefit to consumers. The company has not indulged in profiteering despite raising prices over the last two years and will not use its profit pool to start a price war as that would be self-destructive. Historically, 65%-70% of HUL's growth has come from volume and the rest from price, but the trend will reverse as prices start reducing.

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Our top budgeting best practices for busy FP&A teams

Cube Software

5 budgeting best practices for busy FP&A teams There's a lot of advice out there about creating a budget.

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New Sebi rule from today: A ban that’s a boon in many ways

CFO News

This move of SEBI further increases the working capital requirement of stock brokers. This will only affect brokers who have the practice of pledging clients' funds to create BG for their own use and increase the leverage and risk exposure of clients. For brokers who have already fallen in line with the recent implementations of Segregated Margin Reporting and online client wise / segment wise allocation of client collaterals, this circular would only be of academic interest.

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IT companies look to boost margins by increasing utilisation levels

CFO News

Utilisation rates for IT companies mean the percentage of their employees working on active projects. This metric had significantly dropped for them in the past few quarters.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Govt may mull equity infusion after 3 oil marketing companies list capex plans

CFO News

The OMCs, on their part, are concerned that the equity infusion proposal could impact their share prices, market valuation and market perception.

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Centre slashes windfall tax on crude oil to Rs 4,100 per tonne

CFO News

The export duty exemption for petrol, diesel and aviation turbine fuel will continue. The duty will be effective May 2, according to a notification issued by the Central Board of Indirect Taxes and Customs.

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Auto companies to step up B-school, Engineering campus hiring this year

CFO News

Auto companies are increasing campus hiring numbers in order to find young talent with knowledge of data analytics, electrification, industry 5.0 skills and operations management. Mercedes-Benz is looking to hire around 15-20% more candidates than last year and has already begun the process of hiring campus talent, while Maruti Suzuki is seeking to hire around 1,000 graduates across various functions.

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