Tue.Jul 25, 2023

article thumbnail

NVIDIA exec: banks must prep for AI boom

CFO Dive

While generative AI has potential, this “new generation of AI doesn't run well, at all, on the current computer infrastructure that banks have,” NVIDIA’s Malcom DeMayo said.

Banking 231
article thumbnail

Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. Excel formulas can make performing simple calculations easy and automatic. Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business.

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

Bath & Body Works picks CVS, Merck alum for CFO

CFO Dive

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

CFO 234
article thumbnail

Underperforming Your Own Assets

Barry Ritholtz

Over the weekend, I noticed someone was wrong on the internet. Anthony Pompliano is a crypto fan who has amassed a huge (1.6 million) following on Twitter. As the Tweet (X?) above shows, he made a newbie error looking at the performance of the S&P500: He left out dividends, thereby omitting most of the returns. I replied 1 to the tweet, politely pointing out that my colleague Ben Carlson had previously explained that “since 1928, equity market returns including dividends are 70% higher than

article thumbnail

How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

article thumbnail

Finance tech startup Bunker raises over $5M

CFO Dive

The funds will be invested toward product development, growing the company’s team and accelerating its “go-to-market strategy,” according to Bunker CEO Shivom Sinha.

Startups 218

More Trending

article thumbnail

How CFOs and businesses can get (or stay) ahead of rising rates

CFO Dive

The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

article thumbnail

Banks recovered Rs 10 lakh crore in last nine financial years

CFO News

Indian scheduled commercial banks have recovered around Rs 10 lakh crore from non-performing assets (NPAs) in the last nine financial years, according to the country's finance ministry. Minister of State for Finance Bhagwat Karad added that the Insolvency and Bankruptcy Code, 2016 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have helped change the credit culture.

Banking 98
article thumbnail

Alphabet’s ‘longest-serving’ CFO Ruth Porat pivots to new role

CFO Dive

One of Silicon Valley’s highest-profile CFOs, Ruth Porat will be stepping down from the top finance role after about eight years to become the tech giant’s president and chief investment officer.

CFO 175
article thumbnail

OfficeBanao appoints Akhilesh Agarwal as its new head of finance

CFO News

Agarwal possesses over 15 years of experience in the finance domain and has worked previously with OYO as the India CFO as well as in companies like Airtel and Vodafone.

Finance 97
article thumbnail

Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

article thumbnail

UPS, Teamsters reach tentative agreement on national contract

CFO Dive

The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

130
130
article thumbnail

Sebi receives 4,085 complaints for corporate governance violations in over four yrs: Govt

CFO News

Capital markets regulator Sebi has received 4,085 complaints pertaining to the flouting of corporate governance norms against 1,551 companies in the last four-and-half years, Parliament was informed on Tuesday.

article thumbnail

919: Adopting a Broader View | Chris Kramer, CFO, Axonius

CFO Thought Leader

Among the different career highlights that Chris Kramer shares with us, perhaps none is as memorable as what might be called his “Indiana Jones moment.” Having distinguished himself as a “technical accountant” during the first half of his career, Kramer was often dispatched to observe and scrutinize the accounting practices of prospective acquisition targets in foreign lands—a succession of deployments that led him to frequently encounter unexpected circumstances.

CFO 52
article thumbnail

The top strategic business priority shared by CFOs and CEOs

Future CFO

The top strategic business priority shared by CFOs and CEOs is growth while they rate inflation as a top factor damaging their organisations, said Gartner recently. Though they see inflation as damaging, they are less likely to favour raising prices than they were in 2022, the research firm noted. According to a Gartner survey of 422 actively employed CEOs, CFOs, and other senior executive business leaders conducted through December 2022, 45% of CEOs surveyed ranked growth in their top three str

CFO 52
article thumbnail

Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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

Significant valuation markdown coming for Byju’s, Peak XV tells LPs; Myntra rejig to lay off 50

CFO News

Hello, happy hump day, but maybe not for Byju’s. Peak XV Partners, formerly Sequoia India, has told its investors that it will have to significantly mark down the value of its holding in Byju’s as it was in the dark about the company’s finances. This and more in today’s ETtech Morning Dispatch.

article thumbnail

Dow Theory Signal CONFIRMED

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: ►Dow Win Streak – “U.S. stocks closed higher, with the Dow posting its longest win streak in over six years” ►Earnings Recession – The earnings recession everyone’s talking about is backward lo.

Finance 52
article thumbnail

Indian pharma headwinds to subside in FY24: ICRA

CFO News

Rating agency ICRA said it expects the revenues of its sample set of 25 Indian pharmaceutical companies which account for 60% of the overall Indian pharmaceutical industry to grow by 7-9% in FY24.

article thumbnail

Budgeting for a Startup: Tips for Getting Your Finances in Order

Capital CFO LLC

Starting a business is an exciting venture, but it can also be overwhelming, especially when it comes budgeting for a startup and managing your finances. As a startup founder, getting […] The post Budgeting for a Startup: Tips for Getting Your Finances in Order appeared first on Capital CFO+.

article thumbnail

New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

article thumbnail

Centre devolves Rs 3.09 lakh cr to states till July

CFO News

The Centre has transferred over Rs 3.09 lakh crore to states out of the Rs 10.21 lakh crore that are budgeted for the current fiscal year, according to Pankaj Chaudhary, the Minister of State for Finance. As a response to a question in the Lok Sabha, he explained that there is no pending payment in terms of the amount that needs to be devolved to states from the Centre.

article thumbnail

Phases of company growth

One to One

There are five different phases of company growth that a business will experience within it´s life cycle. According to Statista, in 2021, there were a total of 333.34 million active companies worldwide. Every company has it´s Read More. The post Phases of company growth appeared first on ONEtoONE Corporate Finance.

article thumbnail

India's realty market robust amid global slump: Knight Frank-Naredco Real Estate Sentiment Index

CFO News

The Knight Frank-Naredco Real Estate Sentiment Index for April-June 2023 showed a rise in both current and future sentiment scores to the optimistic zone. The underlying demand remains firm, and the performance of both office and residential property markets is expected to be robust.

article thumbnail

Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: 3M, Live Nation, M&T Bank & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

Banking 52
article thumbnail

Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

article thumbnail

Maharajah's reign as mascot of Air India could end

CFO News

Air India, which is undergoing a brand refurbishment strategy, has decided to remove the Maharajah mascot from its brand identity. The company wants to become the preferred airline for business travellers and corporate executives and feels that the mascot, though successful, no longer resonates with these kinds of customers.

52
article thumbnail

Venture Capital Sentiment Tracker – June 2023

Fox Corporate Finance

May 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – June 2023 appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

Impact of climate shocks can make management of inflation difficult: RBI

CFO News

The impact of climate shocks and uncertainties surrounding it can make measurement and management of inflation and anchoring of inflation expectations difficult, the Reserve Bank of India said, calling out all stakeholders for a coordinated effort to protect the economy from shocks.

Banking 52
article thumbnail

Country Risk: A July 2023 Update!

Musings on Markets

I have looked at country risk, in all its dimensions, towards the middle of each year, for the last decade, for many reasons. One is curiosity , as political and economic crises roll through regions of the world, roiling long-held beliefs about safe and risky countries. The other is pragmatic , since it is almost impossible to value a company or business, without a clear sense of how risk exposure varies across the world, since for many companies, either the inputs to or their production process

article thumbnail

Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.