Thu.Nov 02, 2023

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5 Things a Fractional CFO Will Not Do

Beacon CFO Plus

Understanding the Responsibilities of a Part-Time CFO If you are bringing a fractional CFO into the folds of your business, you should have a solid grasp on the types of tasks and responsibilities he or she will provide. A fractional CFO’s role typically falls within the scope of their financial expertise—their job is to provide that financial strategy and leadership needed to guide the operations of your business both short-term and long-term.

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Verizon’s interim CFO lands permanent seat

CFO Dive

The finance chief says the telecom giant is “on track” when it comes to priorities such as improving free cash flow and growing its wireless service revenue.

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Trending Sources

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On CFOs’ mind: Generative AI to profitability

CFO News

​The Q3 2023 CFO survey found that 28% of CFOs are pessimistic about the economy, which represents a seven percentage-point increase since last quarter. However, more than three-fourths (76%) of finance leaders predict net profit growth, with just over half (52%) saying their organisations will grow profits by more than 5%.

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NJ ranks worst in business taxes with NY close behind

CFO Dive

The Garden State may rise from dead last in corporate tax rankings if a 2.5% business tax surcharge expires at the end of this year as scheduled, the Tax Foundation said.

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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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Where is This Rally Going?

Barry Ritholtz

Before yesterday’s FOMC meeting, I reiterated my view from July 2023 that this hiking cycle was – or at least should be – over. The Narrative bias driving commentary today is that this sudden bullishness is the market sussing out the last hike. But this after-the-fact story does not resonate as truth with me, as it looks more like the 10% market correction of October 2023 has ended.

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More Trending

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Lack of accountants in all economies; need to ‘supercharge’ attractiveness in accountancy: ACCA Chief

CFO News

Accounting: Helen Brand says that developing economies like India, China, and Malaysia can bridge this gap and they need to be supported.

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Former FTX CEO found guilty of fraud

CFO Dive

Nearly a year after the collapse of his $40 billion cryptocurrency exchange, former FTX CEO Sam Bankman-Fried was found guilty Thursday on seven federal counts.

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At 58.4, India’s services sector growth drops to seven-month low in October as demand cools

CFO News

Services Sector: The rate of new business received by companies was at the weakest level since May, yet grew for the 27th consecutive month.

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PayPal CEO pledges ‘leaner’ business, names new CFO

CFO Dive

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

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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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Kitces & Carl Ep 124: When Clients Evolve Out Of Your Niche Specialization Should You Stay Or Go (Or Not)

Nerd's Eye View

Many financial advisors have found that serving a client niche not only helps them run a more efficient firm (as they work with clients facing similar planning issues), but also attracts more new clients (as they are able to offer a unique value proposition for clients within the niche). Notably, though, while certain clients are likely to stay within the niche throughout their lives (e.g., retired clients tend to remain retired until their deaths), other clients might 'evolve' out of the niche

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Navigating the First 100 Days: A Guide for New Middle Market Private Equity Backed CFOs

E78 Partners

The role of a CFO in middle and lower middle market private equity-backed companies is challenging, especially when you may be the first CFO in the company’s history. For starters, PE investors demand a level of rigor, insightfulness, and timeliness around financial reporting and KPIs at a higher level of sophistication than the organization is used to.

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The advantages of proactively managing security risks

Future CFO

Proactively managing security risks has its own advantages, especially considering the fast pace of digital transformation around the world. Organisations keep up with the changes and finance leaders lean on measures to mitigate any potential risk. According to KPMG 's Global Tech Report 2023 , among the advantages of proactive security risk management include improving the success rates of transformation projects, building trusted relationships with a wide range of stakeholders including custom

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Go First lenders to meet Monday, stare at Rs 6,500 crore in losses

CFO News

Lenders to the insolvent airline Go First will likely meet to assess a fund-infusion plan into the grounded carrier. However, regulatory approval for lessors to repossess leased aircraft is making it unviable for bankers to commit fresh money to the first case of voluntary bankruptcy in Indian aviation.

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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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The importance of mentoring aspiring finance leaders

Future CFO

Many chief financial officers, if not all, undeniably aspire to take on the top job of their organisations one day in the future. Although this aspiration is not new, this raises two key considerations: the need for finance leaders to stretch their skills and the importance of developing new talent to fill the CFO role when incumbents move to a CEO position.

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Finance ministry not inclined to charge up FAME 3

CFO News

According to officials, the government is of the view that the EV market has reached a point of maturity. Besides, support is also being offered under performance-linked incentives for battery, and auto component manufacturing.

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Reimagining Possibilities: SVB - A Division of First Citizens Bank

FISPAN

Today we had the chance to sit down with Savit Pirl, Managing Director overseeing Digital Payments, Lending, and Automation for Silicon Valley Bank (SVB), and Lisa Shields, CEO of FISPAN.

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Diamond industry plans to cut bank financing by a third

CFO News

India's diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.

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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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Fractional CFO Qualifications: What 5 Things Should You Look For When Hiring a Fractional CFO?

Adam Kae

Fractional CFO Qualifications Congratulations! Your company has grown to the point where the guidance of a Fractional CFO can, well, guide you. Hiring a Fractional CFO, however, is not a decision to be taken lightly. Just with any leading executive position, a Fractional CFO’s decisions can greatly affect the company for years to come. You need to look for the right talent.

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India is a great, unique investment destination: Manny Maceda, CEO , Bain & Co

CFO News

"It’s a time where all global companies and investors are revisiting where to invest, where to play, what industries, what countries… and guess what? India comes out as a place that is a very attractive place to be," says Maceda.

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A Modern Nonprofit Podcast: Crafting Impactful Events in a Virtual World

The Charity CFO

Elias Puurunen joins us today as an author, entrepreneur, and founder of Tractus Events. His origin story is an example of the opportunity that exists in our world. Elias was asked if he knew of an app that could track attendance for an annual insurance trade show. Without hesitation, he built a system that could complete the task. From there he was asked to come back and serve once more during a two-day educational event, and at that point his brand Tractus Events was here to stay.

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Adani Green is in talks to borrow a $1.8 billion loan

CFO News

Adani Green Energy, the renewable energy company owned by Indian billionaire Gautam Adani, is reportedly in discussions with a consortium of foreign lenders to secure a loan of up to $1.8 billion. Sources familiar with the matter have indicated that the funds from this loan will be earmarked for the expansion of Adani Green Energy's solar and wind energy projects.

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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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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • The Economy Is Great. Why Are Americans in Such a Rotten Mood? Lingering inflation can’t explain all of the unhappiness; maybe it is referred pain from the wider world. ( Wall Street Journal ) • The Bond Market, a Sleeping Giant, Awakes : Soaring interest rates have the power to alter the direction of the economy and command the attention of Washington, our columnist says. ( New York Times ) see also World’s Safest Market Becomes a Magnet for Big Investors : US governme

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UPI in Sri Lanka soon, talks on economic pact in progress: FM Sitharaman

CFO News

Sitharaman said both nations are further "deepening our civilisation ties" with connectivity as the new focus area. "As we enhance connectivity between our two countries, we build enduring bridges of experiences and opportunities for our peoples. We weave a future with shared prosperity, overcoming the challenges of the past," said the minister, who is on a visit to Sri Lanka.

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Trusting Your Long Term Mission | Teresa Chia, CFO Vertafore

CFO Thought Leader

947: Finding Pathways to Innovation | Teresa Chia, CFO, Vertafore 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.

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Provident Housing in talks with HDFC Capital to raise over Rs 1,000 crore

CFO News

The proposed fundraise will be in the form of equity and the money will be used to build mid-income homes in the southern markets of Bangalore, Chennai, and Hyderabad, and to enter new markets.

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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.