Tue.Sep 19, 2023

article thumbnail

Flawed data ranked as top AI risk: Workday

CFO Dive

While AI error risks can be reduced, many firms are unprepared as they “wrangle huge volumes of information across patchwork systems, static spreadsheets, and fragmented processes,” Workday says.

288
288
article thumbnail

OECD raises India’s growth forecast for FY24 to 6.3 per cent; inflation outlook revised upward

CFO News

The Indian economy is expected to grow at an average rate of 6.3% in FY24, higher than the earlier projection of 6%, according to the Organisation for Economic Co-operation and Development (OECD). The report also notes that India's inflation has been revised upward to 5.3% from the earlier projection of 4.8%. While the OECD calls for restrictive monetary policy to control inflation, it suggests that some countries, including India, could consider easing next year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

High rates, fading consumption will stifle growth: Fannie Mae

CFO Dive

As the Fed sustains monetary tightening, the economy in coming months will likely slow — or shrink outright, economists said.

242
242
article thumbnail

Global debt hits record $307 trillion, debt ratios climb- IIF

CFO News

Global debt reached a new record of $307 trillion in Q2 2023, driven by countries like the US and Japan, according to the Institute of International Finance (IIF). The IIF report stated that global debt in dollar terms rose by $10 trillion in H1 2023 and by $100 trillion over the past decade. The increase has pushed the global debt-to-GDP ratio to 336%, the second consecutive quarterly rise.

Finance 98
article thumbnail

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.

article thumbnail

BP promotes Thomson to interim CFO amid C-suite restacking

CFO Dive

The London-based oil company is moving to fill a leadership vacuum stemming from the abrupt resignation of CEO Bernard Looney last week.

More Trending

article thumbnail

Brex adds more AI to CFOs’ expense management arsenal

CFO Dive

Brex is one of many software vendors that are racing to bet on AI following the swift rise of ChatGPT, created by Microsoft-backed OpenAI.

146
146
article thumbnail

#FA Success Ep 351: Facilitating Successful Advisor Mergers & Acquisitions By Avoiding The Conflicts Of A Success Fee, With Jessica Polito

Nerd's Eye View

Welcome back to the 351st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jessica Polito. Jessica is the Founder and Principal for Turkey Hill Management, a mergers & acquisitions consulting firm that assists financial advisors with the sale, acquisition, integration, or merger of their firms. What's unique about Jessica, though, is how she has built a practice helping financial advisors and their firms navigate the intricacies of buying, selling, or merging

article thumbnail

Forget FOBO: use AI or lose your FP&A job

CFO Dive

Financial, planning and analytics professionals need to adapt to AI – or risk being replaced by someone else who does embrace it.

Planning 146
article thumbnail

Clips From Today’s Halftime Report

The Reformed Broker

Amazon doesn’t need the hype of AI for its stock to trade higher, says Ritholtz’s Josh Brown from CNBC Fed kicks off 2-day meeting: What investors should expect from CNBC Intel core processors expected to bring AI to PCs by December 14 from CNBC Final Trades: Uber, Cisco & more from CNBC

64
article thumbnail

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.

article thumbnail

Differences Between Budgeting and Forecasting in Business

Spreadym

Budgeting and forecasting in business are both financial planning tools used by businesses, but they serve different purposes and have distinct characteristics. Here's an overview of the key differences between budgeting and forecasting. Key differences between budgeting and forecasting Purpose Budget: A budget is a detailed financial plan that outlines a company's expected income and expenses over a specific period, typically a fiscal year.

article thumbnail

The Biggest Mystery on Wall Street

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: ►Where’s the Recession? – Biggest mystery on Wall Street. ►Oil Prices – “Surging oil prices could sour soft landing hopes, but it won’t spark a crisis like the 1970s” ►Earnings, Bef.

Finance 64
article thumbnail

CFOs in advanced countries facing ‘deadweight’ economy challenge, says Gartner

CFO News

The deadweight economy challenges an organisation’s ability to meet corporate performance expectations by constraining traditional avenues for growth, pricing, investment funding, cost management, people management, and productivity gains, it says.

article thumbnail

Transcript: Elizabeth Burton, Goldman Sachs Asset Management

Barry Ritholtz

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Barry Ritholtz : This week on the podcast, I have an extra special guest.

article thumbnail

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.

article thumbnail

Authorizations to issue shares and disapply pre-emption rights in the UK, Belgium and France: law, economics and practice

Corporate Finance Lab

In Europe, shareholder approval and pre-emption rights have traditionally fulfilled an important role in protecting shareholders in listed corporations against excessive dilution in share issuances. However, these protections also make it costlier and slower to raise capital through share issuances. That is why countries generally allow shareholders to authorize the board of directors to issue shares without shareholder approval and without pre-emption rights – within certain limits.

article thumbnail

My schedule … and what’s coming up

Tips Watch

By David Enna, Tipswatch.com By the time you read this, I will be arriving in Thessaloniki, Greece, to begin a 3-week jaunt across northern Greece, Albania, and North Macedonia.

article thumbnail

TNFD Releases Final Recommendations on Nature-Related Risk Management

Future CFO

The Taskforce on Nature-related Financial Disclosures on Sept. 18 released its final recommendations on nature-related risk management and disclosure, aligned with existing Global Reporting Initiative (GRI) and International Financial Reporting Standards (IFRS) and Kunming-Montreal Biodiversity Framework requirements. The issuance of 14 recommended science-based disclosures along with additional implementation guidance came after a two-year consultative development process, including pilot testi

article thumbnail

Fed to hold rates steady, but signal policy path in meeting

CFO News

In June the Fed paused, but the quarterly economic projections accompanying that decision showed 12 of 18 policymakers still anticipated two more quarter-point rate increases by the end of the year.

article thumbnail

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

article thumbnail

Trust in AI remains a concern among business leaders 

Future CFO

Trust in AI remains a concern among the majority of business leaders though they believe their organisations would benefit from implementing the technology, said Workday recently when releasing results of a survey of 2,355 business leaders from the offices of the CEO, CFO , CIO, and CHRO. While 98% of CEOs said there would be some immediate business benefit from implementing these capabilities, 43% said they were concerned about the trustworthiness of AI and machine learning (ML), according to s

CFO 52
article thumbnail

Total eyeing 50:50 JV with Adani Green

CFO News

The development marks a shift in the French energy major's stance since it put on hold a $4 billion green hydrogen project with the Adani Group in February after Hindenburg Research published a report on the group.

52
article thumbnail

The Case for Transparency | Charly Kevers, CFO, Carta

CFO Thought Leader

933: When Transparency Drives Profits | Charly Kevers, CFO, Carta MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

CFO 52
article thumbnail

Gender budgeting revamp on the cards to better log spends on women schemes

CFO News

India is considering a revamp of its annual budget to improve tracking of spending on gender equality and women's empowerment. The focus will be on ex-ante gender budgeting, linking spending with outcomes to make it more impactful. A panel has suggested changes, including a gender budget statement comprising cross-sectoral allocations for women.

article thumbnail

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.

article thumbnail

Putting the (Insta)cart before the (Grocery) horse: A COVID Favorite's Reality Check!

Musings on Markets

After years of rumors of an imminent IPO, Instacart has finally filed for a public offering of it’s shares, aspiring to raise about $600 million from markets, at a pricing of about $9-$10 billion for its equity. Coming in the week after ARM, an AI chip designer, also filed to go public, but with an estimated pricing of $55-$60 billion, it is an indication of how much the ground has shifted under Instacart since the heady days of 2020, when Instacart was viewed by some Americans as the only thing

article thumbnail

Insolvency & Bankruptcy Code cannot be used as a tool for recovery; says NCLT

CFO News

The National Company Law Tribunal (NCLT) in India has dismissed a plea to initiate insolvency against Orris Infrastructure, stating that the Insolvency & Bankruptcy Code (IBC) cannot be used as a "tool for recovery" The NCLT observed that the applicants had already received full payment from Orris Infrastructure in excess of the default amount.

article thumbnail

10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train reads: • Into Perspective: The US Auto Labor Dispute and Recession Worries : Partial work stoppages can impact local economies, but the national effect should be minimal. ( FI ) but see Whatever the UAW Strike Outcome, Elon Musk Has Already Won : The Detroit automakers entered labor talks at a cost disadvantage to Tesla. ( Wall Street Journal ) • Lessons from a century of inflation shocks : Inflation will take longer to tame than most people think, but taming it

article thumbnail

Govt may soon tweak PLI schemes for pharma, textiles, drones

CFO News

The Indian government plans to modify the production-linked incentive (PLI) scheme for sectors such as pharmaceuticals, drones, and textiles to encourage investment and boost manufacturing. The changes include extending timelines for the pharmaceutical sector and adding additional products in certain sectors.

article thumbnail

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.