Fri.Apr 28, 2023

article thumbnail

Maximizing Billing Accuracy and Efficiency with ERP

Navigator SAP

Payment is at the center of every business. In an ideal world, businesses deliver a product or service and get paid immediately for this product or service. The reality, however, is that payment doesn’t always immediately follow delivery, and collecting payment can be a time-consuming process. Sometimes there even is revenue leakage from inaccurate billing.

216
216
article thumbnail

Amazon to put ‘more dollars’ toward generative AI, CFO says

CFO Dive

Amazon is following in the footsteps of other large-scale tech firms like Apple and Meta by funneling more funds toward generative AI.

CFO 268
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Implementing SAP HANA: A Comprehensive Guide

Navigator SAP

In today's fast-paced and highly competitive business environment, companies must leverage technology to stay ahead of the competition. On that note, enterprise resource planning (ERP) systems are essential for managing complex business operations from production and supply chain management to financial reporting and analytics. SAP HANA is one of the most powerful ERPs for the professional services industry on the market, and it offers real-time data processing and analytics capabilities.

SAP 130
article thumbnail

Audit partners suffer after writing critical ICOs: study

CFO Dive

Audit firms face a conflict between sustaining income from client fees and their legal obligation to identify weaknesses in a client’s internal controls, researchers said.

Auditing 258
article thumbnail

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

article thumbnail

VWAP-er’s Delight

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Shannon and Downtown Josh Brown discuss olume-Weighted Average Price (VWAP), trading strategies, technical analysis, tech earnings, 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!

Marketing 123

More Trending

article thumbnail

MTA: Peter Borish, Tudor Investments

Barry Ritholtz

Today, I am interviewing Peter Borish, one of the legends of trading & investing: Founding partner and right-hand man to Paul Tudor Jones at Tudor Investment Corporation; he was Director of Research for 10 years. He was the founding Trustee of the Robin Hood Foundation in 1988He was also Chairman and CEO of Computer Trading Corporation, an investment and advisory firm whose largest consulting client is the Canadian Imperial Bank of Commerce (CIBC).

article thumbnail

Chipotle pauses menu price hikes, CFO says

CFO Dive

With the once soaring cost of ingredients easing, Chipotle CFO Jack Hartung said the restaurant chain is pressing pause on its menu price hikes.

CFO 257
article thumbnail

I Bond’s fixed rate will rise to 0.9% on May 1, TreasuryDirect says

Tips Watch

Composite rate will fall from 6.89% to 4.30%, but the fixed rate of 0.9% is highly attractive for long-term holders. By David Enna, Tipswatch.com Surprise! I Bonds purchased from May to October 2023 will get a fixed rate of 0.

98
article thumbnail

Weekend Reading For Financial Planners (April 29-30) 2023

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" — this week’s edition kicks off with the news that following previous guidance regarding obligations under Regulation Best Interest (Reg BI) regarding account recommendations and conflicts of interest, the SEC released a new bulletin this week focusing on the duty to care.

article thumbnail

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

article thumbnail

10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Fearful Millennials Missed Stock Market Rally With Shift to Cash : Getting out of stocks last year meant missing 2023 rally Other generations were more likely to stay put during rout. ( Bloomberg ) • In Manhattan’s Sluggish Home Market, Cash Is Greasing the Wheels : A record share of buyers are avoiding mortgages, and sellers eager to close are jumping at their all-cash offers.( Wealth ) see also Commercial Real-Estate Woes Run Deeper Than in Past Downtu

Retail 59
article thumbnail

SC backs clause that allowed exporters to claim credit

CFO News

The Supreme Court on Friday upheld the validity of mandatory fulfilment of a "pre-import condition" that allowed exporters to claim credit of raw materials bought before actually exporting the product.

52
article thumbnail

What to expect from accounting firms specializing in nonprofits

The Charity CFO

Is there an advantage to working with accounting firms specializing in nonprofits? Nonprofit organizations play a crucial role in addressing social, environmental, and cultural issues in our society. However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Fortunately, there are accounting firms that specialize in nonprofits and can help navigate all of these specific requirements with their vast industry k

article thumbnail

Jet Airways CEO Sanjiv Kapoor quits

CFO News

After the National Company Law Tribunal (NCLT) ruled the case in favour of JKC, it was given 180 days to make payments of Rs 180 crore to the erstwhile creditors of the airline and Rs 250 crore to former employees. While May 14 is the last date to make the payments, the consortium has made no payments so far.

52
article thumbnail

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.

article thumbnail

Bank Integration with CS Lucas

CS Lucas

This article provides an overview of the integration between banks and the CS Lucas Treasury Management System, highlighting the benefits, methods, and costs of integration. BENEFITS Integrating CS Lucas with your bank offers several benefits, including: Accurate and up-to-date information for planning : With integration, bank balances and electronic statements are automatically retrieved and populated in real-time, enabling faster and more informed decision-making.

Banking 52
article thumbnail

Over 90% of Wipro’s freshers chose lower salary option: CFO Jatin Dalal

CFO News

In February, Pune-based labour union Nascent Information Technology Employees Senate (NITES) had filed a complaint against the company with the central labour ministry alleging "unethical reduction" in salary offers of more than 4,000 candidates.

CFO 52
article thumbnail

CS Lucas and Accounting System Integration

CS Lucas

This article will cover the information exchanged between CS Lucas and the accounting (Enterprise Resource Planning) system, as well as the methods employed to facilitate this exchange. Information sent from CS Lucas Accounting Journal CS Lucas sends accounting journals to the general ledger of the account system, which are derived from various treasury and banking transactions maintained in the system, such as money market, term loan, foreign exchange, non-deliverables, investments in bonds

article thumbnail

Rural markets are aspirationally emulating urban India, says Nestle India Chairman

CFO News

Nestle India has reported its highest growth in a decade, posting a 20.43% rise in sales for the March quarter. Chairman Suresh Narayanan has attributed the boost to a surge in aspirations from consumers in rural areas and small towns, who now mirror those of the urban population. Nestle made an almost 25% increase in net profit for the period, with its Q4 report showing the fastest growth among other FMCG firms so far.

article thumbnail

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.

article thumbnail

Invest India ambit may include trade promotion

CFO News

The revamp plan comes after the resignation of its chief executive officer and managing director Deepak Bagla last month. Invest India is under the Department for Promotion of Industry and Internal Trade (DPIIT).

article thumbnail

India likely to demerge Central Statistical Office, National Sample Survey Office

CFO News

"The internal restructuring exercise was undertaken with a view to have greater synergies amongst the available statistical manpower and improve data quality not only for survey data but also for administrative statistics," a press note issued by the ministry in 2019 had said.

article thumbnail

Startups oppose separate law on digital markets

CFO News

IAMAI’s members include companies such as Google, Meta and Microsoft, in addition to Indian tech firms such as Paytm, Ola, PhonePe, Unacademy and Byju’s.

article thumbnail

ET Awards: Honest taxpayers need to be appreciated but wrongdoers punished: FM Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman said private investment is turning the corner and would have gained further traction but for the twin blows of the pandemic and the Ukraine war. The government had slashed the corporate tax rate substantially in September 2019 to 15% for new manufacturing units but the pandemic broke out in early 2020 and the Ukraine war followed.

article thumbnail

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.

article thumbnail

JPMorgan, PNC Financial eye First Republic Bank buyout after FDIC takeover

CFO News

JPMorgan and PNC Financial Services Group are vying to buy First Republic Bank in a sale expected soon following the troubled lender's probable seizure by the US government, according to anonymous sources. If that occurs, this will be the third bank to have collapsed in the US since last month. Its shares dropped by 54% in New York trading last Friday, with reports suggesting it may well be seized by US banking regulators.

Banking 52
article thumbnail

How scamsters in India are sending thousands of crores of rupees back to China

CFO News

Chinese scammers have suddenly mushroomed after the pandemic, which led to a widespread use of various kinds of apps and other digital technology, especially for money transfer. Chinese scams usually operate through apps and digital payment systems. The scams could range from investment to micro lending, jobs and betting. These apps are run by companies registered in India with dummy directors either by roping in Indians or using stolen data.

article thumbnail

Recovery notices likely to two EV companies over FAME sops

CFO News

The probe found the EV two-wheeler firms breached the localisation programme they had committed to, said the people. The recovery notices will seek to claw back the subsidy amount disbursed under the FAME II scheme, they said.

52
article thumbnail

For India to become $5 trillion economy, private sector must rise to the occasion: Amitabh Kant

CFO News

“India needs to grow at minimum 8% per annum over a long period of time. If you have to become a $5 trillion and subsequently a $10 trillion economy and raise the per capita income of Indians… I think the animal spirit of the private sector must rise up to the occasion now,” said Amitabh Kant, India’s G20 Sherpa.

52
article thumbnail

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.