Thu.Dec 16, 2021

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Top 5 Transamerica Funds

CFO News Room

Retirees looking for dependable income during their golden years can no longer rely on money market funds and certificates of deposit (CDs) since the interest rate is too low to make them a viable primary savings instrument for retirement. Instead, a key to combating increasing costs of living is the smart diversification of funds. Transamerica offers a relatively slim lineup of only 133 funds as of 2018, but these five funds can create a well-diversified nest egg that will last you throughout r

Numbers 130
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FRP Advisory sees H1 profits drop to £5.7m

Accountancy Today

FRP Advisory has reported that pre-tax profits for the six-month period ended 31 October 2021, dropped to £5.7m from £7.1m the previous year. The fall in profit was attributed to “high levels” of government support in response to the pandemic which reduced the amount of administration appointments by 49% to 390 in H1 2022 (H1 2021: 763). Despite the fall, revenues grew 25% to £44.7, up from £35.9m and was boosted by the group completing 50 transactions during the period with a combined deal valu

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The Elizabeth Holmes Trial: Closing Arguments Begin

CFO News Room

SAN JOSE, Calif.—Closing arguments begin Thursday in. Elizabeth Holmes’s. criminal-fraud trial, marking the final opportunity for prosecutors and defense lawyers to sway jurors to their side of the case. Ms. Holmes, the founder of now-defunct blood-testing startup Theranos Inc., is fighting 11 charges of conspiracy and fraud claiming that she lied to investors and patients about the company’s technology.

Startups 130
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163: Henk Cronje

CFO Talks

? ? ? ? ? ? ?. Raised on a farm, Henk Cronje has returned to his roots as Head of Finance at Agri Technovation, a global innovation business focused on crop performance fuelled by science and technology. Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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CFO Yeah! – Prioritizing Growth & Supporting Women’s Financial Independence, with Jana Ludwig-Martyushev

CFO News Room

CFO Yeah! Prioritizing Growth & Supporting … CFO Yeah! by CFO Connect. Jana is not only the VP Finance at omni:us, but she is also the inventor of the finance toolbox, a playbook to help startups create their finance processes from scratch. In this episode, we spoke with Jana about her experience building the finance team at omni:us, managing productivity on a four-day work week, investing in yourself throug … See more.

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Top EPI reports of 2021 focused on economic injustice and its remedies

CFO News Room

Posted December 16, 2021 at 9:00 am by Lora Engdahl. Top EPI reports of 2021 focused on economic injustice and its remedies. As the nation pivoted to recovery, readers sought information on ways to remedy the economic injustices laid bare by the pandemic. Given the heavy burden borne by low-wage front-line workers, it is no surprise that raising wages, boosting worker power, and scrutinizing excessive compensation of people at the top were highest on the reading list.

Economics 130
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Bookings vs billings vs revenue: What’s the difference?

Onplan

The difference between bookings vs billings vs revenue in a SaaS business can confuse even experienced execs. Though the three are linked, make sure you understand what each of them can tell you about the state of your business. The definition of bookings in SaaS. Bookings is a forward-looking metric that refers to the value of contracts signed with customers.

GAAP 59
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Weekly Initial Claims for Unemployment Benefits Ticked Up but Remain Very Low – AIER

CFO News Room

Initial claims for regular state unemployment insurance rose slightly in the latest week, rising to 206,000 for the week ending December 11, an increase of 18,000 from the previous week’s revised tally of 188,000 (see first chart). The latest result remains below the average of January and February 2020, before the government shutdowns. The current four-week average fell for a tenth consecutive week, coming in at 203,750, a drop of 16,000 and the lowest level since before the pandemic.

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The most common myths about FP&A software – part 1

Onplan

What are the most common myths about FP&A software you’ve heard? After two very unpredictable years, finance leaders around the world have recognized the importance of acting quickly and making course corrections to help their businesses recover. Finance departments are increasingly looking for solutions to help them make more proactive, data-driven decisions and connect the dots between finance and business operations teams to improve collaboration in strategic planning and budgeting.

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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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Do we live in China?

CFO News Room

Google/Youtube’s “misinformation” policy. You may not “contradict… local health authorities’ (LHA) or the World Health Organization.” But read the note, they might change your mind, so watch truth/misinformation change in real time. Really? Scientific discussion never contradicts the edicts of “authorities?

Economics 130
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3 areas to focus on as a SaaS finance leader

Onplan

We’ve worked closely with numerous startup SaaS teams, and a fair share of them don’t have a CFO or even a dedicated finance team. Their main focus tends to be the product, go-to-market, and building a team that can sustain revenue delivery. But at several million in ARR, finance becomes a critical enabler — or disabler — of success. Because the nature of SaaS is all about recurring revenue, positive business decisions (like accelerating deal cycles and pricing increases) can compound on top of

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Investment rebound underpins India’s growth recovery: Report

CFO News Room

Oxford Economics said the government capex has led the recovery so far, but fiscal constraints limit its ability to keep driving investment. India’s growth recovery has been led by capital expenditure push by the government so far, but fiscal constraints might prove to be a challenge going forward in terms of driving investments, global forecasting firm Oxford Economics said on Thursday.

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Five reasons accurate cash flow forecasting is so important

Onplan

Accurate cash flow forecasting is essential. Cash is king, especially in a small, fast-growing business that may not yet be profitable. Staying on top of your cash flow helps you figure out how long your funds will last so you can make smart decisions about where to invest and where to pare back your spend. But if knowing your cash position is paramount, how do you forecast your cash position in the months and years ahead, and the impact of your investments or revenues on that cash position?

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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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Reddit is—finally—going public – Fortune

CFO News Room

Reddit is—finally—going public | Fortune.

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Bookings vs billings vs revenue: What’s the difference?

Onplan

The difference between bookings vs billings vs revenue in a SaaS business can confuse even experienced execs. Though the three are linked, make sure you understand what each of them can tell you about the state of your business. The definition of bookings in SaaS. Bookings is a forward-looking metric that refers to the value of contracts signed with customers.

GAAP 52
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Why Outsource Financial Services Rather Than Hire-In-House

CFO Share

You are likely already outsourcing some of your financial needs and not even realizing it. Does a CPA firm file your taxes? If so, you are already outsourcing financial services. Income tax financial expertise is not a service you need every day, so you do not need a tax accountant as a full-time employee. An outsourced financial partner is a recommended alternative to an in-house hire.

CFO 52
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4 common rolling forecast mistakes — and how to avoid them

Onplan

In the face of rapidly changing, unstable market conditions, traditional annual budgeting and forecasting processes have become outdated. Making rigid assumptions months ahead of time can often lead to worthless forecasts, as things can turn upside down so quickly. Being able to reforecast and adjust predictions based on the newest data should be a priority for every organization – which is why more and more FP&A teams are turning to a rolling forecast model.

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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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CFOs: 20% of large enterprises to use digital currencies by 2024

Future CFO

CFOs must be aware of cases and risks of digital currencies as 20% of large organisations will use them by 2024, said Gartner recently. Increasing mainstream acceptance of cryptocurrencies on traditional payment platforms and the rise of central bank digital currencies (CBDCs) will push many large enterprises to incorporate digital currencies into their applications in the coming years, said Avivah Litan, distinguished vice president analyst in the Gartner IT practice.

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The SaaS Quick Ratio: how to calculate and understand it

Onplan

What is the SaaS Quick Ratio? How can it help you determine if you’re headed in the right direction as a business? Every business puts in a lot of effort to acquire new customers. Unfortunately, even if you do a great job acquiring customers, churn or downgrades can still slow down your growth. And unless you’re careful, you sometimes fail to see this until it’s too late.

Sales 52
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For Less Pain During Annual Planning, Be Like Dave

Planful

Nothing saps the joy out of the holiday season like the daunting task of annual planning. It’s that time of year when you take the c-suite’s wishlist of goals and, after a month or two of late nights and stressful meetings, turn it into a complex amalgamation of forecasts, spreadsheets, emails, models, presentations, budgets, […]. The post For Less Pain During Annual Planning, Be Like Dave appeared first on Planful.

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The most common myths about FP&A software – part 1

Onplan

What are the most common myths about FP&A software you’ve heard? After two very unpredictable years, finance leaders around the world have recognized the importance of acting quickly and making course corrections to help their businesses recover. Finance departments are increasingly looking for solutions to help them make more proactive, data-driven decisions and connect the dots between finance and business operations teams to improve collaboration in strategic planning and budgeting.

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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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The Difference Between Retained and Contingent Search

CFO Selections

When you need to fill a leadership position, who can help find the right candidate for the role? Recruiting companies fall into one of two camps, either retained search or contingent search firms. Understanding how these approaches differ is key in determining which is a better fit for your hiring needs. Over the last 15 years, we have worked with more than 2,000 consulting and search clients, placing CFOs at companies spanning a wide variety of industries.

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3 areas to focus on as a SaaS finance leader

Onplan

We’ve worked closely with numerous startup SaaS teams, and a fair share of them don’t have a CFO or even a dedicated finance team. Their main focus tends to be the product, go-to-market, and building a team that can sustain revenue delivery. But at several million in ARR, finance becomes a critical enabler — or disabler — of success. Because the nature of SaaS is all about recurring revenue, positive business decisions (like accelerating deal cycles and pricing increases) can compound on top of

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FCF Pharmaceutical Market Study – 2021 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Pharmaceutical Market Study – 2021”. Based on available data from European pharmaceutical providers, the FCF Pharmaceutical Market Study is a detailed and comprehensive. Read more. The post FCF Pharmaceutical Market Study – 2021 published appeared first on FCF Fox Corporate Finance GmbH.

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Five reasons accurate cash flow forecasting is so important

Onplan

Accurate cash flow forecasting is essential. Cash is king, especially in a small, fast-growing business that may not yet be profitable. Staying on top of your cash flow helps you figure out how long your funds will last so you can make smart decisions about where to invest and where to pare back your spend. But if knowing your cash position is paramount, how do you forecast your cash position in the months and years ahead, and the impact of your investments or revenues on that cash position?

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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.