Accounts payable shouldn’t be a cost center
CFO Dive
MAY 26, 2023
CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.
Fri.May 26, 2023
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Software Evaluation: Time to Reframe How You Evaluate
Navigator SAP
MAY 26, 2023
Indirectly, ChatGPT helps us answer the question: What’s the best software solution? ChatGPT doesn’t give us the answer directly, but its inadequacy with such questions hints at how we should be looking at software evaluation. Much of the business community is currently looking at ChatGPT and thinking about both how it will change the world, and how it will change their business.
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Costco holds back on membership fee hike
CFO Dive
MAY 26, 2023
As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.
How Does ERP Help in Manufacturing? A Comprehensive Guide
Navigator SAP
MAY 26, 2023
Emerging technologies have simplified complex business processes, making businesses more productive. One of these technologies is the enterprise resource planning (ERP) system–this system is designed to streamline and integrate the management process of critical business operations for enhanced workflows.
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
Workday CFO stepping down, former Apple exec to take over
CFO Dive
MAY 26, 2023
Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.
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Most small businesses worry about credit squeeze: Goldman
CFO Dive
MAY 26, 2023
Inflation last month persisted at more than twice the Federal Reserve’s 2% target, raising the possibility that policymakers may raise borrowing costs again next month.
Nvidia Breaks Away
The Reformed Broker
MAY 26, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, 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!
Value creation, innovation and digitalisation integral in CFO's life: CFOs
CFO News
MAY 26, 2023
Industry stalwarts discussed how digitalisation is the top focus of CFOs today and how it, clubbed with innovation and value creation is integral in a CFOs life. They further discussed how technology is not just an enabler today, but goes beyond it and has become a survival factor for all companies today, as all industry today is a tech industry.
10 Friday AM Reads
Barry Ritholtz
MAY 26, 2023
My 3-day weekend morning reads: • Adidas After Yeezy : The partnership with Ye, formerly known as Kanye West, was the stuff of sneakerhead legend—and its demise has the shoe company scrambling to replace nearly half of its profits. ( Businessweek ) • What US Cities Pay the Most (and Least) for Everyday Jobs : From accountants to nurses to data scientists, the same job can deliver about 50% more pay if you’re willing and able to relocate. ( Bloomberg ) see also How some people get away with doing
Live Demo - Supercharge your Month End Close
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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
Startup CFOs focus on profitability amid funding winter, valuations to get more realistic
CFO News
MAY 26, 2023
The finance veterans highlighted that the funding winter for Indian startups will last at least for six to nine months more, and the investment crisis has normalised the valuation of startups.
Weekend Reading For Financial Planners (May 27-28)
Nerd's Eye View
MAY 26, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that while banks have been able to attract a younger and more diverse set of financial advisors compared to the rest of the industry, thanks in part to their built-in referral stream, a relative lack of independence and dated technology could lead some of their advisors to explore options with independent RIAs.
BHEL appoints Jai Prakash Srivastava as CFO
CFO News
MAY 26, 2023
Srivastava possesses over 38 years of diverse and extensive experience across all major functions.
The 5 best budgeting software solution to increase efficiency of the business
Spreadym
MAY 26, 2023
Budgeting software is an application designed to assist businesses in creating, managing, and tracking their budgets. It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports. Budgeting software typically offers features such as: Budget creation and planning: Users can set financial goals, create budget plans for different time periods (monthly, quarterly, yearly)
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
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.
About 27K employees lost jobs at Indian startups to date, over 8K this year
CFO News
MAY 26, 2023
Chennai-based edtech startup Skill-Lync laid off employees as it consolidates operations across Chennai, Bengaluru, and Hyderabad amid global macroeconomic conditions. The year 2023 has become the worst year for tech employees as nearly 2 lakh tech employees -- from Big Tech firms to startups -- have been sacked to date globally, as companies like Meta, BT, Vodafone and many others announced further plans to lay off more employees in coming months.
Hiring your first FP&A analyst
Cube Software
MAY 26, 2023
What is an FP&A analyst? A financial planning and analysis (FP&A) analyst is an accounting professional who works to develop plans and analyze financial results. These reports help a business make sound financial decisions.
Go First cancels all flights till May 30, citing operational reasons
CFO News
MAY 26, 2023
Earlier, the airlines had cancelled flights till May 28. In a note posted on Twitter on Saturday, the airline said, "We regret to inform that due to operational reasons, Go First flights scheduled till 30th May 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations.
Discretionary spending likely to revive only in second half of FY24
CFO News
MAY 26, 2023
Consumers started reducing non-essential spending such as those on apparel, lifestyle products, electronics, and dining out since last year's Diwali, starting with mass-segment brands and in smaller towns. Companies said there is a slowdown in demand in cities since February-March.
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.
CFOs to be blamed for most of frauds, says Sebi WTM Mohanty
CFO News
MAY 26, 2023
"In retrospect, on the basis of the analysis we have done, many of the frauds could have been prevented if CFO would have acted as the first level of check to these activities of the management," he said, addressing a CFO summit organised by industry lobby Ficci.
BFSI sector salary growth dropped to less than 9% pay hikes in fiscal 2023
CFO News
MAY 26, 2023
Despite a sharp decline in salaries after two years of steady growth, the BFSI industry continues to create diverse job profiles and implements measures to optimise salaries.
Happy Forgings plans up to Rs 1,200 crore IPO
CFO News
MAY 26, 2023
Happy Forgings is now the largest supplier of forged and machined components to the automotive industry's commercial vehicles and tractor segments. Together, these two segments constitute 75% of its total revenues.
Mukesh Ambani named as member of advisory committee of COP28
CFO News
MAY 26, 2023
Mukesh Ambani, CEO of Indian conglomerate Reliance Industries, has been selected as a member of the international advisory committee for the 28th session of the Conference of the Parties (COP28). The panel features 31 experts from across the global south who are policy makers, finance executives, and sustainability leaders, among others.
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.
Sebi to ease compliance burden for passive funds
CFO News
MAY 26, 2023
"By easing the compliance burden, Sebi aims to foster the growth of passive investments in the Indian mutual fund industry," Sebi whole-time member Ananta Barua said while speaking at the mutual fund summit organised by industry body Assocham in the national capital.
Alan's Bugles comes to India as Reliance ties up with General Mills
CFO News
MAY 26, 2023
Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures Limited (RRVL), on Friday launched Alan’s Bugles in India. The product will first make way in Kerala and will be gradually expanded across India, the company said in a statement.
Zee-Sony merger: NCLAT sets aside NCLT order directing bourses to reconsider approval
CFO News
MAY 26, 2023
The National Company Law Appellate Tribunal (NCLAT) on Friday set aside an NCLT order which had directed bourses NSE and BSE to review the grant of NOC to the merger between Zee Entertainment and Culver Max Entertainment (earlier known as Sony Pictures Networks India), reports said. Earlier this month, Japanese conglomerate Sony Group Corporation Chairman and CEO Kenichiro Yoshida said he expects the merger to be complete within the first half of this fiscal.
DoT won’t give 5G spectrum to enterprises for private network
CFO News
MAY 26, 2023
The DoT is of the view that it won’t be feasible to directly allot spectrum to enterprises for private networks under the present legal framework, according to officials aware of the details.
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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