Wed.Apr 12, 2023

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6 ways strategic workforce planning drives long-term value

Jedox Finance

Talent is out there, but it is hard to attract and retain. When focusing on growth ambitions, organizations must consider the variables that affect hiring and deploying a high-performing workforce, including economic uncertainty, talent shortages, and hybridized workplaces. For example, according to the EY 2022 Work Reimagined Survey, 80% of employees prefer to work remotely at least two days per week. 1 As organizations emerge from the COVID-19 pandemic and forge the workplace of the future, th

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EY split hits wall

CFO Dive

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

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Is SAP HANA an ERP?

Navigator SAP

SAP S4 HANA Cloud is a next-generation ERP package integrating management functions and helping businesses and organizations achieve their digital transformation objectives while keeping pace with an increasingly digitized economy. The system is an ERP software platform that integrates varied and complex data sets of any size with real-time analysis to provide expedited decision-making and precise insights into organizational performance and projections.

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How to pull off an amicable ‘business divorce’

CFO Dive

The halted Ernst & Young split highlights some of the challenges that all firms face when long-term business partners go their separate ways.

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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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CPI = 5.0% (Time to Stop Raising Rates)

Barry Ritholtz

U.S. Bureau of Labor Statistics: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally-adjusted basis, after increasing 0.4 percent in February. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment. ( April 2023 ) As much as I want to jump up and down about 0.1% seasonally adjusted (after a 0.4% prior month), the big number is not so big: 5.0% A 5 handle is a huge development, even with the core remaining sligh

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March inflation report sets I Bond’s new variable rate at 3.38%

Tips Watch

Annual U.S. inflation fell to 5.0% in March, but core inflation rose to 5.6%. By David Enna, Tipswatch.com The just-released U.S. inflation report for March sets the new inflation-adjusted rate for U.S. Series I Savings Bonds at 3.

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Bombardier alum to replace retiring Air Canada CFO

CFO Dive

Air Canada CFO Amos Kazzaz, set to retire at the end of June, will be replaced by Bombardier alum John Di Bert.

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Is the 60/40 Portfolio Still Relevant?

CFA Institute

How do portfolios with asset allocations of 100% equity, 100% bond, 60/40, and 80/20 in the US, UK, Italian, Swiss, and global markets perform over time?

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India likely to have stable debt-to-GDP ratio going forward, says IMF official

CFO News

In 2020 there were massive interventions on the part of governments around the world to support people and firms. That implied a lot of spending and a big rise in government debts.

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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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IFA partners with White Oak to offer SME finance support

Accountancy Today

The Institute of Financial Accountants (IFA) has announced a new partnership to provide capital support for SMEs. The professional accountancy membership body has partnered with White Oak, one of the largest FCA regulated non-bank lenders in the UK. The agreement will enable IFA members – SME accountants – to support their clients with access to non-traditional routes of funding through White Oak’s portfolio of lending products.

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Indian Oil & US-based LanzaJet to set up India's first green aviation fuel firm

CFO News

The proposed venture will set up a plant to make SAF with alcohol-to-jet technology at the state-run company’s Panipat refinery in Haryana at a cost of Rs 3,000 crore, they said.

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Insolvencies in Asia Pacific to hike by 5% next year

Future CFO

Insolvencies in Asia Pacific are set to hike by 12% and 5% this year and next, said Allianz Trade recently. According to the firm, China succeeded in keeping the official number of business insolvencies under control in 2022 (-13% y/y to 7,530 cases) despite a challenging year with multiple lockdowns and a large number of major failures. However, business insolvencies in Asia Pacific should see a moderate increase over the next two years (+4% in 2023 and +5% in 2024) as the reopening has not era

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Kotak Bank, TCS, HUL to get new CEOs soon. Will it impact stock prices?

CFO News

The global brokerage firm analysed 72 CEO transitions over the last five years among large listed companies and found that in 53% of the cases, stock price trends did not change around CEO transition but external hires seem to have made a positive difference in stock price trends in many cases.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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FCF Bank Monitor – Q1 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2023”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more The post FCF Bank Monitor – Q1 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Sebi celebrates 35th foundation day; unveils new logo

CFO News

Capital markets regulator Sebi on Wednesday unveiled a new logo on the occasion of its 35th foundation day. The logo was unveiled in the presence of former Chairmen, former and present Whole Time Members of the regulator, Sebi said in a statement.

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Operationalising finance in the cloud

Future CFO

Indonesia is the largest archipelago in the world to form a single state and consists of five main islands and 30 smaller archipelagos, totalling 18,110 islands and islets of which about 6,000 are inhabited. The AC Ventures report, Logistics Landscape in Indonesia , noted that the traditional supply chain in Indonesia is typically comprised of multiple layers prior to reaching retail and/or end customers (see Figure one).

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Several foreign companies get tax notices on India investments

CFO News

The section deals with the reopening of assessments, if tax authorities have a reason to believe that income chargeable to tax has escaped assessment. The assessee is given a chance to discuss the issue with the assessing officer. No further action is initiated if a satisfactory response is given by the assessee and a reassessment is carried out only in the absence of a response altogether or an unsatisfactory one, another official said.

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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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How Different Monte Carlo Models Perform In The Real World: Assessing Quality Of Predictiveness In Retirement Income Forecasting Models

Nerd's Eye View

When planning for retirement, it’s effectively impossible to precisely forecast the performance and timing of future investment returns, which in turn makes it challenging to accurately predict a plan’s success or failure. And while Monte Carlo simulations have made it possible for advisors to create retirement projections that seem to have a reasonable basis in math and data, there has been limited research as to whether Monte Carlo models really perform as advertised – in oth

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Need to address growing debt distress across the globe, says FM Sitharaman

CFO News

​​Sitharaman made the remarks at a Global Sovereign Debt Roundtable meeting which was also attended by IMF Managing Director Kristalina Georgieva and World Bank President David Malpass on the sidelines of the Spring Meetings 2023.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • The Super Rich Are Worried. Should You Be? We human beings act irrationally, which makes for bursts of creativity in the arts and, yes, even on Wall Street, but inevitably precipitates overexuberance in capital markets and bank runs. It also means that there is probably some limit on the marginal utility of incremental units of regulation, I suppose.

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EY decision to junk split lifts cloud over India Ops

CFO News

Following the receipt of the email, the 600+ partners were left disappointed, as the windfall they had been eagerly anticipating following the listing of the advisory business and settlement of the audit business would no longer materialise. In comparison to other regions, the India partnership had negotiated a much more favourable deal, and most partners were expecting significant payouts.

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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.

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Fed stresses vigilance on credit as rate views scaled back

CFO News

The minutes back up Chair Jerome Powell’s remarks during his post-meeting press conference that the decision to hike rates was broadly supported by his colleagues, with all officials backing such a move. At the same time, the release indicates policymakers were less than fully committed to another move in May.

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IIP data: India's industrial output rises 5.6% in February

CFO News

For the 11-month period from April 2022 to February 2023, industrial output registered a growth of 5.5%. Separate data released today showed India's annual retail inflation eased to 5.66% in March from 6.44% the previous month.

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India's economic growth projected to decelerate to 6% in 2023 from 6.6% in 2022: UN

CFO News

India's economic growth is projected to decelerate to 6 per cent in 2023 from 6.6 per cent in 2022, according to the United Nations.The UN Trade and Development Conference (UNCTAD) in its latest Trade and Development Report Update released Wednesday expects global growth in 2023 to drop to 2.1%, compared to the 2.2% projected in September 2022, assuming the financial fallout from higher interest rates is contained to the bank runs and bailouts of the first quarter.

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Future Retail Limited seeks access to stores, warehouses

CFO News

The CIRP was initiated against FRL by NCLT on July 20, 2022, following loan default. The Insolvency and Bankruptcy Code (IBC) time frame for resolution is 330 days, inclusive of the time taken for litigation.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.