Fri.Nov 11, 2022

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Most CFOs geared up to freeze hiring, survey finds

CFO Dive

As an increasing number of economists forecast a recession, financial leaders are contemplating hiring freezes, even as businesses describe their teams as "understaffed.

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Top 5 Questions You Should Be Asking About ERP

Navigator SAP

All large businesses use enterprise resource planning software (ERP), as do many smaller ones. But unlike basic small business software, ERP is complex and often confusing for businesses that are approaching it for the first time. With that in mind, here are the basics of ERP answered in five questions. 1. What is ERP? ERP helps manage, integrate, and organize all data and business processes, from ordering, production, finance, procurement, human resources, and distribution to the supply chain,

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Nearly half of CFOs admit to flawed ESG reporting: EY

CFO Dive

Companies and institutional investors worldwide “are at odds when it comes to sustainability,” EY said.

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It's Bobby Bonilla (Edwin Diaz) Day!

Corporate Finance

The New York Mets famously deferred $5.9 million in salary payable to Bobby Bonilla in 2000, instead paying the former $1.2 million per year from 2011 through 2035. Now, the Amazing Mets are at it again. The team just signed a deal with relief pitcher Edwin Diaz that was announced as a five-year, $102 million contract. Under the terms of the contract, the team will defer $5.5 million per year in 2023, 2024, and 2025, then $5 million per year in 2026 and 2027.

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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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Keurig Dr Pepper CEO resigns over code of conduct violations

CFO Dive

The company’s CEO resigned because of violations of Keurig’s code of conduct — the latest in a string of top executives to come under ethical scrutiny.

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Green Dot CEO taps new CFO, team

CFO Dive

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

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Musings on Markets: META Lesson 2: Accounting Inconsistencies and Consequences

CFO News Room

In my last post, I used Facebook’s recent troubles to talk about the importance of corporate governance, and how we, as investors, have abandoned the power to change management at many younger tech companies in return for being able to invest in young tech companies, with growth potential and well-regarded founders. In this post, I will revisit Facebook’s most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was ex

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Big Moves: Bears & Bottoms

Barry Ritholtz

Yesterday’s explosive move higher was exactly what I was referring to last month in Groping for a Bottom , when I suggested the risks were asymmetrical in : “The risk here feels asymmetric : The downside appears to me as a potential grind lower — the Fed overtightens, then keeps over-tightening; maybe earnings miss badly; That mild recession we have been discussing — what if it turns out to be much worse than expected?

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Consumer Sentiment Declined in Early November

CFO News Room

The preliminary November results from the University of Michigan Surveys of Consumers show overall consumer sentiment declined in early November, holding near historically low levels (see first chart). The composite consumer sentiment decreased to 54.7 in early November, down from 59.9 in October. The index hit a record low of 50.0 in June down from 101.0 in February 2020 at the onset of the lockdown recession.

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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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Meet the Upstate South Carolina Team

Focus CFO

FocusCFO has expanded into Upstate South Carolina. “I’m excited to be working alongside Greenville-area CFOs Rich LaValla, Randy Garrick, and Mike Saccucci to serve small and medium-sized businesses in Upstate South Carolina,” said Area President Michael Stier. Both Garrick and LaValla have been long-standing members of the Greenville business community, working in the community for 40 and 33 years, respectively.

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Walgreens, Coinbase, Duolingo, Ralph Lauren

CFO News Room

A Walgreens store is seen on August 07, 2019 in Miami, Florida. Joe Raedle | Getty Images. Check out the companies making headlines in midday trading. Doximity – The online platform for medical professionals skyrocketed more than 27% after the company reported better-than-expected quarterly results. Doximity also announced a new share repurchase program.

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2023 BMW i7 EV

Barry Ritholtz

The 7 Series is all new and redesigned, with your choice of electric or traditional ICE powertrains: the 740i is a rear-drive, 3.0-liter BMW TwinPower Turbo inline 6-cylinder that makes 375 HP; the 760i xDrive Sedan is all-wheel drive, with a 4.4-liter BMW TwinPower Turbo V-8 engine making 536HP. But the top of the line is now an all-electric luxury sedan: the i7 starting at $119,300, producing 536 HP, with a range that is about 300 miles. 0-60 MPH only takes 4.5 seconds.

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How One Company Used Data to Create Sustainable Fast-Food Packaging

CFO News Room

Digital technology has made it commercially possible for companies to offer an alternative, more sustainable, and deposit-free recyclable packaging system for take-out food. Suppliers rent their packages to restaurants and end users simply pick up their desired take-out and then return the packaging within a specified period free of charge. The restaurant cleans the used packaging and then reuses it.

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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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Weekend Reading For Financial Planners (Nov 12-13)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that as enforcement of the SEC’s new marketing rule began on November 4, advisory firms are taking a variety of approaches. While some are looking to gain a first-mover advantage by leveraging client testimonials and third-party endorsements (and adjusting their compliance programs before doing so), others are taking a wait-and-see approach.

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The FTX Crypto Fiasco – WSJ

CFO News Room

This week’s investor run on the FTX crypto-currency exchange marks round two of the great crypto crackup, and so far the victims are consenting adults. Barring an unexpected spread to the banking system, this is another in the long line of easy-money manias turned to panic. FTX CEO Sam Bankman-Fried has been the crypto industry’s leading champion. This year he engineered bailouts of several troubled crypto firms, including lenders Voyager Digital and BlockFi Inc., as plunging digital asset value

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The Day Inflation Broke

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Warren Pies, and Downtown Josh Brown discuss the latest in markets, inflation, the effects of seasonality, what could be next, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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Tech Workers Face a New Reality as Talent Wars Turn to Pink Slips

CFO News Room

This spring, Google employees in the Bay Area got a private Lizzo concert to herald a return to the office. Now the company is cutting back on social gatherings as well as hiring. Meta Platforms Inc., known for once-lavish perks such as free laundry, began slashing 11,000 jobs this week and said some of its remaining workers will have to share desks. .

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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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This week, I bought a historically disastrous TIPS

Tips Watch

It is CUSIP 912810RA8, first auctioned on Feb. 13, 2013. It wasn’t a great investment back in 2013. But now … By David Enna, Tipswatch.

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It's Bobby Bonilla (Edwin Diaz) Day!

Essentials of Corporate Finance

The New York Mets famously deferred $5.9 million in salary payable to Bobby Bonilla in 2000, instead paying the former $1.2 million per year from 2011 through 2035. Now, the Amazing Mets are at it again. The team just signed a deal with relief pitcher Edwin Diaz that was announced as a five-year, $102 million contract. Under the terms of the contract, the team will defer $5.5 million per year in 2023, 2024, and 2025, then $5 million per year in 2026 and 2027.

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9 Things a Lender Cannot Consider Before Giving You a Loan

Financial Analyst Insider

When money’s tight, one tiny, unexpected expense has the power to topple your budget. So, like many people in similar positions, you look into short. The post 9 Things a Lender Cannot Consider Before Giving You a Loan appeared first on Financial Analyst Insider.

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Are we at the bottom? Four tactics for growth during the soft landing.

CFO Share

Capital markets rallied after the October inflation report indicated the worst might be behind us. On the other hand, companies like Meta and Twitter are moving forward with massive layoffs. Should small businesses cut costs like the tech giants or invest in growth like the capital markets? Nobody knows whether we are emerging from the bottom or about to plunge deeper into recession.

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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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6 Things You Probably Didn’t Know About a Life Insurance Policy

Financial Analyst Insider

It took me a while to get life insurance coverage. I had thought about it over a period of two years – these thoughts were. The post 6 Things You Probably Didn’t Know About a Life Insurance Policy appeared first on Financial Analyst Insider.

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Repairing a Fractured World Economy?

CFO News Room

Yves here. This interview of Richard Kozul-White of UNCTAD cover a very broad scope of economic issues from the developing country perspective: how unregulated financial markets have hindered emerging countries, how the Global Financial Crisis market failure has been ignored, and how even before Covid, these countries were facing a decade of lost growth.

Economics 100
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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Is This Crypto’s Lehman Moment? Here’s how to make sense of the industry-shaking collapse of FTX. ( New York Times ). • Riverfront Square, the failed Disneyland Park successor that beer helped kill : As Disneyland grew into an international sensation, Disney began deciding on his next big project. He wasn’t yet sure he wanted to build a whole new theme park, but when St.