Tue.May 02, 2023

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Bid for business-friendly ChatGPT seen facing long haul

CFO Dive

Cybersecurity experts say it may be a long while before ChatGPT can be trusted to handle sensitive business data, despite recent steps by the popular AI tool’s creator.

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What Is an ERP Specialist? Exploring the Role

Navigator SAP

Equipping your business with the right tools can help you stay ahead of the competition—even if you operate in a highly saturated industry like professional services.

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Trending Sources

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Record high office vacancies spur sublease discounts

CFO Dive

The U.S. office vacancy rate ticked up to a 30-year-high of 17.8% in the first quarter as hybrid work and recession fears weighed on demand, according to CBRE.

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JPMorgan Steals First Republic!

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Uber Earnings – “Based on data from Bloomberg, 262 companies in the $spx have reported, sales growth in 1Q is 4% and earnings growth is -2.69%” ►Cap Weighted Rules – “It’s rare for t.

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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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Fed mulls rate hike as wage gains beat forecasts, fuel inflation

CFO Dive

Compensation by one measure is rising at the fastest pace since 2008, stoking expectations that policymakers on Wednesday will further increase borrowing costs to quash inflation.

More Trending

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Vertice reports spike in AI software spending

CFO Dive

AI’s share of overall software spending across the Vertice network grew to 1% by the end of March, up from 0.2% at the start of the year, a five-fold increase.

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Can GST collections maintain over Rs 1.75-lakh crore monthly run rate?

CFO News

The April GST mop-up was largely buoyed by the year-end sales though there's a positive trend indicating more compliance and continued economic recovery, according to experts.

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Qantas CFO named company’s first ever woman CEO

CFO Dive

Australian airline company has promoted finance chief Vanessa Hudson, a 28-year company veteran, to CEO.

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Global supply chain ease may moderate inflation, growth in key sectors seen

CFO News

A World Economic Forum Chief Economist Outlook report said India is among the countries including Vietnam, Thailand, Indonesia, Mexico, Turkey and Poland which stand to gain from the ongoing supply chain changes, India's supply chain was heavily disrupted by Covid-19 restrictions and geopolitical situations in Ukraine in the last two years.

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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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Therabody swipes second Atkins alum as CFO

CFO Dive

The Theragun maker is continuing its C-suite transformation with a new CFO as it looks to push forward into the broader, everyday health and wellness space.

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#FA Success Ep 331: Getting Comfortable Hiring Advisors ‘Early’ As The Advisory Business Revenue Grows, With Jake Northrup

Nerd's Eye View

Welcome back to the 331st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jake Northrup. Jake is the Founder of Experience Your Wealth, an independent RIA based in Bristol, Rhode Island, that advises 78 client households with a 3-person team supporting more than $550,000 of ongoing revenue. What's unique about Jake, though, is how he’s been able to grow to over $550,000 of revenue in just 4 years since launching from scratch, and how he realized that becau

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No priority for worker dues after liquidation under IBC

CFO News

"The waterfall mechanism is based on a structured mathematical formula, and the hierarchy is created in terms of payment of debts in order of priority with several qualifications, striking down any one of the provisions or rearranging the hierarchy in the waterfall mechanism may lead to several trips and disrupt the working of the equilibrium as a whole and stasis, resulting in instability," the bench said.

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When Automation Can Only Result In Time Increasing

Spreadym

Oddly enough, the implementation of a business automation system does not always lead to a significant reduction in the time that it takes to complete business tasks. It's not always bad for the client, and we will tell you why. For instance, the process of introducing a plan and budget for the next financial year in a medium-sized company can take about six months in case of manual collection and consolidation of data without enterprise planning and budgeting software.

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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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India's services sector growth hits near 13-year high in April

CFO News

Activity in both manufacturing and services remained robust, pushing the overall S&P Global India Composite PMI Index to 61.6, the highest level since July 2010.

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China’s reopening will boost APAC growth, aid recovery in some sectors

Future CFO

China's reopening will spur a rebound in its economic growth, which in turn will affect economies and businesses across Asia-Pacific through direct trade, inflation, commodity prices, investment flows and supply chains, said Moody’s recently. Economies with large direct trade and investment exposure to China, and companies in sectors related to consumer goods, tourism and construction, will benefit the most, the firm noted "Pent-up demand from China will provide a modest boost to growth across A

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Centre confident of meeting FY23 fiscal gap target of 6.4%

CFO News

The fiscal deficit numbers for FY23 will be formally released by the government at the end of May. The second advance estimate for FY23 released on February 28 pegged nominal GDP at ₹272 lakh crore, lower than budgeted ₹273.1 lakh crore. The provisional estimate of the full-year (FY23) GDP will be announced on May 31.

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Understanding and driving finance transformation in 2023

Future CFO

In its perspective, Finance 2025: Digital transformation in finance , Deloitte predicts that with the automation of operations, finance will double down on business insights. Interestingly, Deloitte cautions that despite these efforts, success is not assured. "Whether finance continues to direct the resources currently under its control will be dependent on its ability to add value.

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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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Amazon, Samara look to own less in retail chain More, may shed up to 20% stake

CFO News

The Amazon-Samara combine has approached family offices and domestic capital investors for this round, according to the sources, who said the planned share sale comes ahead of a potential public listing in the next 12-18 months.

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Transcript: Benjamin Clymer & Jeffery Fowler, Hodinkee

Barry Ritholtz

 The transcript from this week’s, MiB: Benjamin Clymer and Jeffery Fowler of Hodinkee , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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Go First files for insolvency proceedings, suspends flights; DGCA issues show cause notice

CFO News

"Go First deeply regrets the current situation, which has forced it to apply to the NCLT. With Pratt & Whitney failing to abide by the directions in the emergency arbitrator’s award by providing spare leased engines, and with further engine failures expected in the next 3-4 months, the operations of Go First will be made unviable," said the company statement.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • Why Is Inflation So Sticky? It Could Be Corporate Profits : Economists think some companies may have been raising prices faster than their costs have increased, making it harder for inflation to fall ( Wall Street Journal ) • The FAAMGs are more than just five stocks : The thought of a few companies accounting for so much of the market is jarring, and it’s the kind of thing that you might consider a market vulnerability.

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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.

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Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut

CFO News

Resolutions of both SKS Power and Lanco Amarkantak are yet to be concluded. Both Reliance and the Adani Group had also submitted expressions of interest for Future Retail, which was admitted for insolvency last year.

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Government may adopt Fema-like valuation norms for angel tax

CFO News

The Reserve Bank of India (RBI) administered Foreign Exchange Management Act (FEMA) accepts valuation by a Sebi-registered Category 1 merchant banker using any internationally accepted pricing methodology applied on an arm’s length basis.

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Large companies may get margin breather on derivatives deals with banks for hedges

CFO News

The margin framework, which owes its origin to the financial meltdown of 2008, is aimed to reduce risks and contagion damages of volatility and default in over-the-counter, or one-to-one that banks cut with companies and other banks.

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Hindustan Zinc's all-cash bid for Vedanta's assets lapses: sources

CFO News

Hindustan Zinc Ltd's $2.98bn cash bid to acquire certain zinc assets from Vedanta Group has lapsed as Indian rules prevent listed companies from taking longer than three months to get approval from minority shareholders, which Hindustan Zinc failed to do. The Indian Government opposed the deal, saying that it was a "related party transaction” and discouraged the deal from being funded by cash reserves.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.