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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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

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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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Raymond CFO targets high double-digit growth in FY24; says order book full till July

CFO News

The finance leader has plans to continue focusing on reducing debt to turn the company become completely debt free by 2025 through free cash flows from focused revenue growth, as well as effective working capital management.

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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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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.

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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.

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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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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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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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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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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.

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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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Shorting Lousy Stocks = Lousy Returns?

CFA Institute

How has shorting lousy stocks worked as a strategy?

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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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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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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

We have an uneasy relationship with debt, both in our personal and business lives. While it is a financial decision, it is one that is freighted with moral overtones, since almost every religion inveighs against debt's sins, labeling those who lend as sinners and those who borrow as weak. That may reflect the concern that once a person or entity starts borrowing to fund its needs, it is easy to overuse debt, and risk its wellbeing in the process.

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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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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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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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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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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.

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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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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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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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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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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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Return on capital very low, expect tariff hike by mid of 2023: Sunil Mittal

CFO News

Sunil Bharti Mittal-led Bharti Airtel last month increased the price of its minimum recharge for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles. The company stopped its minimum recharge plan of Rs 99, under which it offered 200 MB of data and calls at the rate of Rs 2.5 paise per second.

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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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Expect about 4.6% GDP growth for December quarter: Upasana Chachra, Morgan Stanley

CFO News

“The normalisation in livelihoods or the labour market will have an impact on rural demand. There would be some lag, and therefore we have not really seen that in the numbers as yet. But we will see that in the numbers in the next few months. And we will see better rural demand indicators in the next probably three to six months than what we have seen in the past.

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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.