Tue.May 09, 2023

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Ransomware claims jump back up

CFO Dive

Ransomware claims filed by U.S. clients of insurance broker Marsh spiked 77% in the first quarter, following a downward trend in 2022.

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Earnings Beats Everywhere You Look

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Berkshire Hathaway Highlights – “Warren Buffett’s Berkshire Hathaway dumps billions of dollars of US stocks” ►IPOs – “Kenvue Stock Jumps in IPO of Former J&J Consumer-Health Busi.

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Trending Sources

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Driven Brands CFO abruptly exits

CFO Dive

Three-year company veteran Tiffany Mason abruptly departed the automotive services company last week, with former Cardtronics CFO Gary W. Ferrera to step into the newly vacant CFO seat.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Berkshire, Devon Energy & CRISPR Therapeutics from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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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Companies to reimagine workflow: survey

CFO Dive

Only about one in three companies polled in a WTW survey gave themselves good marks for effectively managing changes in work dynamics such as digitalization.

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More Trending

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Small business optimism, spending plans slump: NFIB

CFO Dive

A pullback in credit is prompting owners of small businesses to scale back plans for capital expenditures during the next six months.

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897: Satisfying a Growth Appetite | Bobby Leibrock, CFO, Red Hat Software

CFO Thought Leader

Last October, when it was announced that Bobby Leibrock would become the next CFO of IBM subsidiary Red Hat, finance team members no doubt understood that the open-source developer was coronating not just any IBM veteran but a strategic finance executive who for years had been entrenched along the front lines of IBM’s software acquisition activities.

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FP&A tech provider Firmbase closes $12M seed round

CFO Dive

The infusion of cash is expected to boost R&D investments for the company’s financial planning and analysis tool, including in the area of generative AI.

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India to decide on Go First bankruptcy, lessors seeking planes fear impact

CFO News

Go Airlines (India), recently rebranded as Go First and the country's fourth-largest carrier, will learn its fate on Wednesday in a bankruptcy plea ruling. If its plea is successful, it will become the first Indian airline to seek bankruptcy protection to renegotiate its contracts and debts, leading to the appointment of a new resolution professional to revive the airline.

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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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Körner to stay on with UBS following Credit Suisse acquisition

CFO Dive

A leadership shuffle also has Todd Tuckner, CFO of UBS’ global wealth management arm, taking on the role of group CFO. Tuckner will replace Sarah Youngwood, who is leaving the company.

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Hiring of women pips IT headcount growth

CFO News

The number of female employees increased 6.5% at these IT companies in FY23, outpacing growth in their total headcount, which was 5.9%, according to a survey commissioned by ET and conducted by staffing firm Xpheno.

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China’s financial holding companies regulation curtails risks: Fitch

Future CFO

China’s financial holding companies regulations curtail systemic risk by bridging a regulatory gap and segregating financial and non-financial risks, said Fitch Ratings recently. Enhanced regulatory oversight and internal controls may improve funding access for some, although there has been limited rating impact to date, the firm added. The framework of China’s financial holding companies regulations continues to develop, with the latest rules regulating related-party risks came into effect in M

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Go First Collapse to increase airfare by 8 to 10 per cent and demand by 20% in FY24, says expert

CFO News

In the aviation industry it's not the revenue but cost management that is driving the business -- that's where the airline survives, said Gagan Dixit, the aviation expert and Senior VP, (Oil, Gas, & Aviation) of Elara Securities. Is Go First failure one of a kind case in the aviation industry? What does Go First going belly up mean for Indigo, Air India, SpiceJet and other carriers?

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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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Healthcare AI – a Failure of Ambition Part 3

Qubix

In an earlier blog , I argued that lofty ambitions for AI in healthcare had caused us to miss achievable wins that could solve the healthcare funding crisis. In this blog, I argue that if we want to be ambitious for Healthcare AI, we should not be looking to replace existing services (say GPs) with AI, we should use it to transform healthcare itself and improve the health of populations.

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Sebi issues notices to PTC India financial arm

CFO News

PTC India and its financial services unit, PTC India Financial Services (PFS), have been given 21 days by India's market regulator, the Securities and Exchange Board of India, to respond to legal notices issued to them regarding alleged corporate governance lapses. Investigations by the regulator reportedly unveiled preliminary evidence of governance and listing norm violations.

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Transcript: Julian Salisbury, GS

Barry Ritholtz

 The transcript from this week’s, MiB: Julian Salisbury, CIO, Goldman Sachs , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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India renews call for chipmakers as Anil Agarwal's efforts drag

CFO News

India plans to reopen the application process for $10bn in incentives and assistance to attract prospective chipmakers. It wants to lure foreign investors such as Taiwanese Hon Hai Precision Industry and billionaire Anil Agarwal's Vedanta Resources, which are yet to break ground on $19bn of projects already announced. The incentive is expected to accelerate local semiconductor production and reduce India's reliance on expensive imports from China and Taiwan.

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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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What’s next for Microsoft GP?

E78 Partners

Microsoft Dynamics GP (Great Plains) customers are concerned about potential end-of-life announcements or a cut-off date for product support. When considering their next solution, NetSuite Cloud is emerging as their destination of choice. This trend is being observed across a wide range of industries and sizes, from global companies to small and mid-size firms.

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Adani-Hindenburg: Expert panel submits report to Supreme Court

CFO News

It is not known whether the committee has completed its investigation into all the issues pointed out by the top court in its March 2 order, or whether it has also sought further time to conclude its findings.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • What would U.S. default actually look like? ‘Financial Armageddon.’ The global financial system is like an upside-down pyramid, and the tip of that pyramid is the U.S. Treasury market. “Everything else rests upon it.” ( Washington Post ) but see also Can Biden Call the G.O.P.’s Bluff on Debt and Protect the Economy?

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Emergence of cloud computing is leading to a new gig economy in the retail industry

CFO News

Retailers must now adapt to this new reality by leveraging technology to create a seamless and personalized shopping experience across all channels. This means investing in digital infrastructure, such as cloud computing, e-commerce platforms, and mobile apps, to meet the changing demands of consumers. Moreover, retailers must also focus on data analytics to better understand customer behavior, preferences, and buying patterns.

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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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Air India revamps website, highlights Tata legacy, airline's history

CFO News

The redesigned website of Air India includes an "About Us" section that highlights how the airline was started by Tatas and its current status as part of the Tata Group following its privatization. Website includes the chronology of the airline since its launch, highlighting that India's first commercial airline was launched by JRD Tata in 1932.

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Identifying Risk and Managing Internal Investigations

CFO News

The risk landscape is changing at a breathtaking pace, and your risk management plan needs to evolve in tandem. Today, business environments have become increasingly complex and uncertain, which has made identifying enterprise risk more challenging. Traditional risk assessment concentrated on locating and controlling risks in certain corporate areas, such as finance or operations.

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FPIs rush to India for a stake in expected 6% growth

CFO News

​​The strong inflows more than made up for the $4.1 billion outflow in the first two months of 2023, eking out a $404 million net inflow for the calendar year so far.

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Ensuring financial sector stability is collective responsibility of regulators, says Finance Minister

CFO News

Nirmala Sitharaman chaired the 27th Meeting of the Financial Stability and Development Council (FSDC) for the first time after the announcement of the Budget 2023-24.

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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.