Tue.Sep 03, 2024

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Data diamonds: mining a wealth of value from BMO’s metadata 

Bank of the West

High-quality, discoverable, accessible and secure data is foundational to building a digital first, future-ready bank. That’s why BMO has streamlined the discovery of data across the bank with our latest… Read more The post Data diamonds: mining a wealth of value from BMO’s metadata appeared first on About BMO.

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ESG controllers: The newest finance hires

CFO Dive

Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said.

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Trending Sources

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Corporate Bankruptcies Are Rising Globally

Global Finance

Bankruptcy filings are piling up all over the world now that government emergency supports linked to the Covid-19 pandemic have diminished. In the US, the world’s largest economy, more corporations went under in the first half of 2024 than in any comparable period since 2010. In total, 346 companies filed for Chapter 11 bankruptcy, according to Standard & Poor’s Global Market Intelligence.

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Deepfake scams escalate, hitting 53% of businesses

CFO Dive

Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.

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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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Starbucks’ New CEO Creates Buzz For A Turnaround

Global Finance

Brian Niccol is going from burritos to baristas. The Chipotle CEO is ending his time at the Mexican grill chain and plans to start as top boss at Starbucks on September 9. Niccol, 50, replaces Laxman Narasimhan, marking what observers deem a new beginning for the renowned coffee franchise. Under Narasimhan, Starbucks faced a litany of challenges related to unionization efforts and stunted sales growth across the globe, particularly in China.

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TSMC Starts Building Its First European Chip Plant

Global Finance

Taiwan Semiconductor Manufacturing Company, the world’s biggest semiconductor chip maker, broke ground in early August on its first facility in Europe, an $11 billion fabrication plant in Dresden, Germany. TSMC holds a 70% stake in the venture, called the European Semiconductor Manufacturing Company, with German automotive chip maker Infineon Technologies, the Netherlands’ NXP Semiconductors, and automotive parts supplier Bosch each taking a 10% stake.

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Developing a winning tech strategy for your organization

CFO Dive

Business leaders must embrace team cross-functionality if they want their tech strategy to succeed, Deloitte’s Frank D’Amelio and John Marcante write.

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Bangladesh: Nobel Laureate Steps Up To End Political Crisis

Global Finance

When Sheikh Hasina secured a fourth consecutive term as head of Bangladesh’s government this past January, her 15-year grip on power seemed unshakeable. By August, after weeks of student protests over a government jobs quota system said to favor her party’s affiliates, she had resigned as prime minister and fled to India. Nobel laureate Muhammad Yunus is now tasked with stabilizing the country of more than 170 million and steering it through economic and democratic reforms.

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US manufacturing persists in recession mode, production falls

CFO Dive

Producers, responding to “election uncertainty” and monetary policy, held back on capital investment last month, the Institute for Supply Management said.

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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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Full responsibility for principal auditor in NFRA's new auditing standards irks ICAI

CFO News

The ICAI has confirmed concerns about NFRA's proposed revisions to SA 600, highlighting potential risks of audit centralisation and negative impacts on small and medium practices in India.

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Ghana: Domestic Funding For Cocoa

Global Finance

Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening. Ghana is the world’s second-largest producer of the commodity key to the manufacture of chocolates; its Cocoa Board says the decision to wean the economy off a 32-year-old syndicated external borrowing arrangement will “create mo

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ION Commodities elevates maritime logistics, integrating ION CTRMs and Softmar

Reval

London – 04 September 2024: ION Commodities, a global leader in energy and. The post ION Commodities elevates maritime logistics, integrating ION CTRMs and Softmar appeared first on ION.

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Nestlé Board’s Surprise Move Taps Insider To Lead Company

Global Finance

In a surprise announcement, global food giant Nestlé has named 38-year company veteran Laurent Freixe as CEO, effective September 1, replacing outgoing Mark Schneider. The move reportedly came the day after a board meeting at which Schneider was asked to step down. “[This] is another sign that this is not a planned transition,” Bruno Monteyne, managing director and senior analyst with research firm Bernstein, told Reuters.

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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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Transcript: Heather Brilliant, Diamond Hill

Barry Ritholtz

The transcript from this week’s, MiB: Heather Brilliant, Diamond Hill , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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How CFOs can leverage taxes strategically

Future CFO

Chief financial officers must have a hold of the tax function in their respective organisations as it can serve as a business enabler to create value. Mayank Goel , Partner Indirect Tax at KPMG India , says that from the point-of-view of a CFO, visualising this involves integrating tax planning seamlessly into the broader corporate strategy. Mayank Goel According to Goel, CFOs can leverage taxes strategically and navigate tax policy discussions effectively through various measures. 1.

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The role of AI in forecasting in 2024

Cube Software

Key takeaways on AI forecasting: AI-driven forecasting significantly enhances the accuracy of predictions by rapidly analyzing vast and diverse data sources. AI introduces advanced models that outperform traditional forecasting methods in identifying patterns and trends. While AI offers substantial benefits, we still need FP&A professionals to create strategies, interpret data, and convert insights into real-world applications.

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Valtatech integrates with Microsoft to drive Malaysia’s e-invoicing transformation

Future CFO

Source-to-Pay (S2P) and Procure-to-Pay (P2P) specialist Valtatech is integrating with Microsoft Dynamics 365 and the Pax8 marketplace to drive Malaysia’s ongoing e-invoicing transformation, according to a press release. The move comes following the financial process automation provider's accreditation by the Malaysian Digital Economy Corporation (MDEC) as a pilot e-invoicing service provider for MDEC and Lembaga Hasil Dalam Negeri (LHDN).

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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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Senegal: Natural Resource Audit Makes Foreign Operators Nervous

Global Finance

African governments have a penchant for spooking foreign multinationals operating in natural resource sectors, especially in mining and oil and gas. Senegal, the newest entrant to the league of oil producers, is also the latest to unleash consternation. The government of new President Bassirou Diomaye Faye has set up a commission to audit Senegal’s natural resource agreements, with the aim of “reexamining and rebalancing” them to match the West African nation’s interests.

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#FASuccess Ep 401: One-On-One Advice Through Financial Wellness Programs To (Profitably) Expand The Reach Of Financial Planning, With Zack Hubbard

Nerd's Eye View

Welcome everyone! Welcome to the 401st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Zack Hubbard. Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors, an RIA based in Towson, Maryland, that manages $2 billion of private wealth assets under management for 1,300 client households and advises on an additional $5 billion in retirement plan assets.

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Two Decisions And A Duel

Global Finance

VOL. 38 NO. 8 The end of the summer in the Northern Hemisphere coincides this year with heightened expectations related to two major upcoming events. Both have been announced, but their outcome and potential consequences are uncertain: the November elections in the US and the Federal Reserve’s cut in interest rates. The Fed and chairman Jerome Powell have recently been pretty clear: the cut—or cuts—are coming.

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Ep 38: Strategic Relationship Building in FP&A

CFO Thought Leader

In this episode of Planning Aces, Jack Sweeney and Brett Knowles discuss the evolving role of FP&A professionals, emphasizing the importance of relationship-building and strategic collaboration within organizations. As summer ends and fall approaches, Brett predicts a surge in business activity, particularly as companies rush to meet year-end objectives.

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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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Longtime DBS CEO Names First Female As Chief

Global Finance

After 15 years at the helm, Piyush Gupta announced last month that he will step down as CEO of DBS Bank in March 2025, to be succeeded by Tan Su Shan, who will become the bank’s first female head and first internal candidate to be chosen for the top spot. Tan, 56, joined the Singaporean multinational lender in 2010. She will spend the transition period as deputy CEO alongside her present role as group head of Institutional Banking.

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India’s Services PMI rises to 60.9 in August; Finance & Insurance lead performance

CFO News

Among the four sub-sectors tracked, Consumer Services saw the steepest rise in input costs in August. Meanwhile, charge inflation was most pronounced in Transport, Information, and Communication sectors. Finance & Insurance as the best performing area of India's service economy regarding both output and new business.

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Navigating the Risks of AI in Finance: Data Governance and Management Are Critical

CFA Institute

Big data-driven AI in financial services is a technology that augments human capabilities. We are living in countries governed by the rule of law, and only humans can adopt safeguards, make decisions, and take responsibility for the results.

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STEER World appoints Dhiraj Tiwari as CFO

CFO News

In this role, Dhiraj will be responsible for overseeing the company's financial operations, including budgeting, forecasting, reporting, and auditing. He will also be an integral part of the executive team, contributing to strategic decision-making.

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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.