Fri.Mar 17, 2023

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Leadership by fraction: The trend of fractional CXOs

CFO News

Fractional CEOs are a new trend in leadership where experienced people with specialized skills choose to work with multiple companies instead of a single one. This model has been used for professional services such as law and audit for years, but the question today is can this be an option for hitherto dedicated leadership roles across domains? There are clear benefits for companies in terms of reduced cost and hiring errors, as well as the ability to build both depth and scale.

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Understanding AI’s customer service opportunities

CFO Dive

AI can help CFOs enhance customer service and other key business elements, but CFOs need to understand not only what the technology can do, but what it wasn’t made to do.

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Trending Sources

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Myth-Busting: The Economy Drives the Stock Market

CFA Institute

How much does the state of the economy really matter to stock market performance?

Marketing 138
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Mattel CFO sees movie tie-in boosting Barbie sales

CFO Dive

The iconic El Segundo, California-based toymaker had a tough 2022 but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

CFO 258
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Get the Most Out of Your Direct-to-Consumer Model with ERP

Navigator SAP

The advent of the direct-to-consumer (DTC) business model meant that companies no longer needed to rely on third-party retailers or platforms. DTC has many benefits, chief among them being higher profits. There is no middleman to split the earnings with since the customer gets the product directly from you.

Retail 130

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The Ultimate Guide to Choosing the Best ERP for Finance

Navigator SAP

Over the past few decades, enterprise resource planning (ERP) systems have become indispensable tools for modern companies. An ERP solution such as SAP S/4 HANA Cloud Public Edition ensures that a company's financial and operational data are stored in a centralized database and that employees have the data they need to make informed decisions. Because teams across departments can access the exact numbers, it reduces the likelihood of errors and inconsistencies.

SAP 130
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SVB’s parent company files for bankruptcy protection

CFO Dive

The move will allow SVB Financial Group “to preserve value as it evaluates strategic alternatives” for venture-capital business SVB Capital and broker-dealer SVB Securities, the company said.

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Rajesh Gopinathan’s exit as TCS CEO is surprising but an example of great succession planning, say experts

CFO News

TCS board may be looking at continuity rather than turnaround with the hiring of an internal candidate as the next CEO, they say.

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Inventory Management in Manufacturing

VCFO

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result. When manufacturers have too much inventory, they trap cash and decrease their liquidity.

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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

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77% of Indian businesses to increase travel budget in 2023: Survey

CFO News

The survey report titled ‘Revival of business travel: An India perspective’ conducted by American Express said that the majority of Indian businesses (67%) expect a rise in business travel in 2023.

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FP&A Solutions for Casinos: A Safe Bet for Casino FP&A Software

Lime Light

Casinos are notoriously challenging when it comes to tracking revenue streams. This is a huge, highly valuable industry ( over $400 billion globally ) but is made up of thousands of minor transactions both minor and major from a variety of sources. This can present a casino FP&A nightmare. But with the right FP&A solutions for casinos, your gaming organization can turn this nightmare right around.

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PhonePe racks up additional $200 million from Walmart in ongoing fundraise

CFO News

The round is being raised at a pre-money valuation of $12 billion, making PhonePe the most valuable fintech in the country, surpassing payment services provider, Razorpay which was last valued at $7.5 billion.

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Bearishly Bullish

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dan McMurtrie, and Downtown Josh Brown discuss Credit Suisse, treasury yields, short sellers, credit default swaps, the real reason Signature Bank got taken out, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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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.

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PwC can sue Satyam founder Ramalinga Raju, Telangana high court says

CFO News

A division bench of Telangana high court has dismissed a plea by Satyam Computers founder-chairman Ramalinga Raju and allowed PwC, statutory auditor of Satyam between 2000 and 2009, to sue Raju and others for Rs 100 crore for tarnishing the auditing firm’s image, TOI reported on Friday.

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OECD raises FY24 India growth forecast to 5.9 per cent

CFO News

OECD revised India's inflation estimates for FY24 upward to 5.8%, from the 5% projected earlier. It expects inflation to fall to 4.2% in FY25. India's inflation has averaged 6.48% for January and February, above RBI's target band of 2-6%.

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TCS looked at four candidates, unanimous on K Krithivasan for top job

CFO News

Rajesh Gopinathan’s resignation came as a surprise, given that he was just over a year into his second five-year term as MD and CEO.

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Banking troubles in the West take the shine out of gold in India; demand falls 40%

CFO News

Gold prices have risen about 7% in the past fortnight, partly in response to concerns over a contagion effect in the wake of the Credit Suisse crisis. The banking woes of the West threatens to impact the global growth rate. It has also led to a belief that the Reserve Bank of India would slow down its pace of rate hikes, along with ensuring ample system liquidity.

Banking 52
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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.

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Indian banks climb global rankings as crisis hits US banks

CFO News

SBI has climbed up to become the 26th most valuable lender globally, up from 30th at the start of the month, while HDFC Bank has maintained its ranking at 13.

Banking 52
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Organised retail has got a pre-Covid charm now

CFO News

Nearly three-fourths of the sales growth was price-led, reversing the historic trend of volumes driving a bulk of sales, indicating that better-off consumers are driving the recovery, as per the RAI report that surveyed the top 100 retailers from modern retail across segments.

Retail 52
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NCLT approves Welspun takeover of Sintex BAPL

CFO News

The company was admitted to the NCLT under the Insolvency and Bankruptcy Code (IBC) in December 2020. The insolvency resolution process of Sintex BAPL had evinced interest from two bidders - JM Financial Asset Reconstruction Co Ltd and a consortium consisting of Welspun entity Propel Plastic Products Pvt Ltd and Plastauto Pvt Ltd.

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UBS to explore Credit Suisse deal in crisis combination

CFO News

Credit Suisse shares jumped 9% in after-market trading following the FT report. Credit Suisse and UBS declined to comment on the report. Credit Suisse, a 167-year-old bank, is the biggest name ensnared by market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week, forcing it to tap $54 billion in central bank funding.

Banking 52
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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.

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India lacks talent for chip manufacturing; requires 10-13k resources by 2027: Meity official

CFO News

He later said the manpower to handle the wafer fab (semiconductor manufacturing plant) will initially come from outside, and then the companies will be engaged in creating skilled resources locally to meet the estimated requirement of a 10,000-13,000 talent pool by 2027.

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Trouble in Credit Suisse unlikely to impact India's banking system: Experts

CFO News

The Switzerland-based bank, the report said, "has less than Rs 20,000 crore in assets (12th among foreign banks), presence in the derivatives market and funded 60 per cent of assets from borrowings, of which 96 per cent are up to two months. Still, it's small for the banking sector with 0.1 per cent share of assets.

Banking 52
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US banking crisis shows importance of robust regulators, risks of cryptocurrencies: RBI guv Shaktikanta Das

CFO News

Addressing 17th K P Hormis Commemorative Lecture, Das said said that the developments again highlighted the need for prudent asset-liability management, regular stress tests and building up capital buffers.

Banking 52
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Loans worth over Rs 30,000 crore sanctioned to women entrepreneurs since 2016: Data

CFO News

Launched in April 2016, the scheme facilitates loans from SCBs between Rs 10 lakh and Rs 1 crore to at least one SC or ST borrower and one woman borrower per bank branch.

Banking 52
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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.