Mon.Feb 27, 2023

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6 reasons to reconsider cost optimization

CFO Dive

CFOs can remind business leaders that they have more cost optimization strategies to consider.

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What if Dunning Kruger Explains Everything?

Barry Ritholtz

Physics has been seeking a grand “ Unified Field Theory ” that can explain everything in the universe. I sometimes wonder if we cannot find a similar overarching theory about all bad decision-making. The closest I have found as that single point of failure is the Dunning Kruger effect. Recall last week , we were discussing thinking about the impact of retiring Baby Boomers on the equity markets and of rising rates on housing.

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Trending Sources

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Avoiding operational lag in hiring plans

CFO Dive

Midsize businesses are still looking to grow headcount despite macroeconomic challenges, but in order to do so effectively, they need to have a thorough headcount management plan in place, according to TeamOhana’s CEO.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • How to Print Money : Cash may seem old-fashioned these days — but in much of the world, cash is still king. The process of making money requires teams of experienced designers and engravers who etch the plates with portraits, vignettes, lettering and ornamentation. The designs are crafted with both aesthetics and security in mind. ( New York Times ) • Apartment Rents Fall as Crush of New Supply Hits Market : Declines signal tenants may be maxed-ou

Valuation 116
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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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Economists push back estimated recession date: NABE

CFO Dive

Data on the housing market, employment, manufacturing and other measures of economic performance challenge predictions of imminent recession.

More Trending

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CFOs scramble to keep pace with finance tech frenzy

CFO Dive

Artificial intelligence, machine learning, and language processing are among cutting-edge technologies that could transform the corporate finance world in the near future.

Finance 261
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Shorting Lousy Stocks = Lousy Returns?

CFA Institute

How has shorting lousy stocks worked as a strategy?

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Capricorn Energy slots in interim CFO

CFO Dive

The British oil and gas producer tapped its director of finance as acting CFO. Its board also commenced a “strategic review” of the company’s assets, cost base and future business strategy.

CFO 261
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Strengthen Capital markets to help GDP hit $40 trillion by 2047: Assocham

CFO News

In a report titled 'Indian Capital Markets: Driver of Growth During Amrit Kaal' released on Monday, Assocham recommended easier market norms, along with support to smaller companies and encouraging them to list on stock exchanges to further strengthen the capital markets of India.

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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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Merger filing fee hikes go into effect

CFO Dive

The influx of new revenue for the FTC and DOJ could mean increased scrutiny of merger transactions but is unlikely to deter dealmaking, according to antitrust lawyers.

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FabIndia withdraws Rs 4000 crore IPO amid market uncertainties

CFO News

FabIndia becomes the latest company to withdraw listing plans as interest rate worries pressure stock markets.

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Singapore-based MetaComp appoints CFO

Future CFO

Singapore-based digital asset platform MetaComp announced the appointment of John Kang as CFO. Kang will be responsible for leading the strategic planning, implementation, and managing of all the firm's financial activities alongside Executive Chairman and Co-Founder, Dr Bo Bai. His responsibilities equally extend to MetaComp's parent company, MetaVerse Green Exchange (MVGX), the Singapore-based green fintech company that provides end-to-end Carbon-as-a-Service solutions, where he will also be t

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Growing Profitably: A CFO's Checklist To Battle Inflation And Earn Profits

CFO News

Profitable growth is the indicator that matters most to shareholders. The difficulty with inflation is passing cost increases while preserving margins, attracting new ones, and keeping repeat consumers. So, businesses need to exercise caution. One solution that CFOs can look at is increasing volume.

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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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Webinar: Bank Fee Management Webinar Series: ECR and Fee Optimization

Strategic Treasurer

Bank Fee Management Webinar Series: ECR and Fee Optimization March 21 and 22 Register Now Dates / Times Tuesday, March 21, 2023 11:00 AM – 11:30 AM EDT Wednesday, March 22, 2023 2:00 PM – 2:30 PM EDT Where This is an online event Speakers Jason Campbell, Strategic Treasurer Craig Jeffery, Strategic Treasurer Hosted By 1.2 CTP re-certification credits will be given for attendance to this live webinar.

Banking 52
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Inflation dented India Inc's annual profit margin in Q3: ICRA

CFO News

While price hikes and sequential input cost reductions can boost margins in the near term, geopolitical tensions, recessionary concerns, and forex volatility continue to pose risks, the report by ICRA predicted.

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7 Ways to Solve Your Business Challenges with Azure

Collectiv

Data analytics is essential for modern business operations and decision-making processes. Simultaneously, cloud migration is becoming the standard in digital transformation strategies. Microsoft Azure is positioned right at this intersection, bringing data and cloud computing together to solve the most pressing business challenges in today’s digital environment.

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Mahindra Logistics CFO Yogesh Patel resigns

CFO News

Patel joined Mahindra Logistics in August 2018. He has over two decades of experience across the finance function.

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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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CFP Misconduct Research (And The Challenge Of Counting How Many Financial Advisors There Really Are)

Nerd's Eye View

Financial advisors are generally required to abide by ethical standards, such as the duty to act in a client’s best interests when giving financial advice. Advisors who attain the CFP marks are held to even higher standards, though, with all CFP certificants required to adopt CFP Board’s own more-stringent Code of Ethics and Standards of Conduct.

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Capital infusion of Rs 3,000 crore likely in three General Insurers

CFO News

The government had infused ₹5,000 crore in FY22 into three state-run general insurers, and so far it has pumped in around ₹18,000 crore into these loss-making firms. A large part of this capital was allocated to wage revisions.

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Nonprofit treasurer duties: Where you should focus

The Charity CFO

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. Salary costs and other administrative expenses are unavoidable. Also, there can be a lot of cash inflow from fundraising and grants , and it’s important to know how to use it.

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IRDAI to meet Insurance CEOs to discuss progress, sectoral reforms

CFO News

The insurance regulator IRDAI has called for a meeting on March 1-2 to deliberate and discuss the way forward for the sector. The CEOs are expected to give their feedback and suggestions on the pending insurance reforms.

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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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#242 – 2023 Outlook Series: Will AI Change Your Hiring? with Todd Yoder

Strategic Treasurer

Episode 242 2023 Outlook Series: Will AI Change Your Hiring? Innovations like ChatGPT are changing the way we gather information. Will these advancements negate certain treasury roles in the future? Will it affect whom you hire and the size of your team? Craig Jeffery of Strategic Treasurer and Todd Yoder of Fluor discuss a couple of items to keep in mind as we move forward.

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Adani plans to repay up to $790 mln share-backed loans by March

CFO News

Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named as they were not authorised to speak to the media. Those plans were presented by the Adani management to the group's bondholders in Hong Kong on Tuesday.

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CFP Misconduct Research And The Challenge Of Counting How Many Financial Advisors There Really Are

Nerd's Eye View

Financial advisors are generally required to abide by ethical standards, such as the duty to act in a client’s best interests when giving financial advice. Advisors who attain the CFP marks are held to even higher standards, though, with all CFP certificants required to adopt CFP Board’s own more-stringent Code of Ethics and Standards of Conduct.

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India’s economy seen losing speed as rising rates hurt demand

CFO News

Gross domestic product probably rose 4.7% last quarter from a year ago, according to a median estimate of economists in a Bloomberg survey ahead of data due Tuesday at 5:30 p.m. local time. That will be the slowest quarterly performance since the 4.09% expansion in the three months ended March last year.

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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.