Mon.May 15, 2023

article thumbnail

U.S. Chamber sues SEC, slamming buyback rule

CFO Dive

An effort to block rules on stock repurchases is the latest pushback by business groups against an unusually active regulatory agenda at the SEC.

282
282
article thumbnail

“No matter how you cut it, you’ve got to own Cisco” (2000)

Barry Ritholtz

One of the core philosophical beliefs I hold dear is that the future is inherently unknown and unknowable. This tends to be true for the vast majority of people almost all of the time. The world is full of endless, random, often-invisible factors that greatly impact outcomes. Our own psychology works against our understanding this: Our hindsight bias allows us to see these unknowable results with perfect after-the-fact clarity; that fools us into believing our prior expectations turned out to be

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

Costs again rank as top finance automation hurdle

CFO Dive

In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.

Finance 261
article thumbnail

Why ChatGPT Is No Threat To Real Advisors

Nerd's Eye View

The financial advisory industry has faced many purported technological ‘threats’ over the past several decades. From the introduction of computers to the rise of the internet to the emergence of ‘robo-advisors’, there has been no shortage of innovations that would allegedly reduce the need for consumers to work with (human) financial advisors.

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

Layoffs may cause organizational drag: Gartner

CFO Dive

Unforeseen consequences may negate any forecast savings as soon as three years after the start of layoffs, Gartner found in a recent report.

More Trending

article thumbnail

The new CFO: Taking your organization to the next level

CFO Dive

A strategic CFO can elevate your organization by helping you navigate the complexities of growth initiatives, minimizing costs, and leveraging technology.

CFO 260
article thumbnail

Leading consumer goods companies to continue capex, expansion this fiscal

CFO News

Much of the capex is ear-marked for new factories, expansion of capacities in existing factories or expansion of their business such as retail stores. Last fiscal, most companies had expanded their capex by record numbers after two years of the pandemic.

Retail 59
article thumbnail

PwC turns to AI for audit transformation

CFO Dive

As generative AI continues to develop swiftly, PwC is betting big on its potential for transformation.

Auditing 255
article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire : Citadel Securities CEO Peng Zhao left for college at age 14, caught Griffin’s eye early in his career and built systems now mopping up market share. ( Businessweek ) • The sobering stats behind ‘past performance is no guarantee of future results’ : Most top performing managers fail to stay on top, according to S&P Dow Jones Indices.

Math 59
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

Big 4 accounting firms squeeze traditional MSP market

CFO Dive

The blurring lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.

article thumbnail

The 5 best FP&A software solution for business growth

Spreadym

FP&A (Financial Planning and Analysis) software is typically designed to meet the specific needs of finance professionals, CFOs, financial analysts, and other stakeholders involved in financial planning and analysis. Also, this process includes such activity as budgeting, forecasting and scenario modelling. FP&A solutions help organizations streamline financial processes, improve accuracy, and gain actionable insights to drive informed decision-making and achieve financial objectives.

article thumbnail

AI needs cohesive regulation to reduce public risk, experts say

CFO Dive

The risk associated with AI's speedy evolution calls for uniform legislation, a panel of executives and government officials said last week.

130
130
article thumbnail

Webinar: Bank Fee Management Webinar Series: FBAR & BOI | June 27 & 28

Strategic Treasurer

Bank Account Compliance Webinar Series: FBAR & BOI June 27 and 28 Register Now Dates / Times Tuesday, June 27, 2023 11:00 AM – 11:30 AM EDT Wednesday, June 28, 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 0.6 CTP re-certification credits are pending for attendance to this live webinar.

Banking 52
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

Grow msmes to grow economy

CFO News

Micro, small and medium enterprises are crucial for Tamil Nadu to cash in on the flood of investments by domestic and global manufacturing majors

article thumbnail

Navigating uncertainty: Manage the impact of inflation

Future CFO

In today's world, one thing is certain – uncertainty. This notion is reinforced by the World Uncertainty Index (see Figure 1 below), which measures the level of global uncertainty across a variety of economic, social, and political factors. Source: worlduncertaintyindex.com Figure 1: World Uncertainty Index Context setting: Why inflation? By taking a step back and examining the past three decades, starting with the Gulf War in 1990, we can observe a pattern of uncertainty that has continued to p

IFRS 52
article thumbnail

Adani-Hindenburg Saga: Sebi again seeks 6-month extension from SC for probe

CFO News

The regulator also rejected a claim by a petitioner that it had been investigating the Adani Group since 2016. None of the Adani listed companies were part of the 51 investigated in relation to the issuance of global depository receipts (GDRs) at that time, it told the court on Monday in an affidavit.

52
article thumbnail

5 Power Automate Outlook Tricks to Boost Efficiency

Collectiv

Efficiency is key to successful workflows and sustainable productivity, particularly when you’re working with limited time and resources. One way to ensure optimal efficiency is by automating repetitive and time-consuming tasks with tools like Microsoft Power Automate. Power Automate is part of the Microsoft Power Platform. It has a drag-and-drop interface that makes it easy to automate actions within the Microsoft ecosystem.

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

How to get your company acquired? POKKT’s Rohit Sharma breaks it down

CFO News

Among various ways to grow your company, getting acquired by a bigger company is one way. Here are the things you need to do right to make the process a success.

52
article thumbnail

The Rainy Day Fund: How to Budget for Unexpected Emergencies

Financial Analyst Insider

When it comes to your finances, a rainy day doesn’t refer to the weather. It’s used to describe those unlucky moments in life when you The post The Rainy Day Fund: How to Budget for Unexpected Emergencies appeared first on Financial Analyst Insider.

article thumbnail

Easing policy may not be easy even at 18-month low inflation

CFO News

Driven largely by base effect, headline retail CPI inflation is expected to drop further with the JUne quarter inflation below 5 percent. The Reserve Bank in its April policy statement projected CPI inflation at 5.2 per cent for 2023-24, with April-June Q1 at 5.1 per cent.

Retail 52
article thumbnail

Welcome Justin McCarty

Focus CFO

We are pleased to announce that Justin McCarty has joined the FocusCFO team in Northeast Ohio. He brings decades of experience as a trusted advisor, helping s mall and medium-sized companies achieve shareholder value increases by managing and improving business areas of cash flow, financial strategy, business risk, and scalable growth.

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.

article thumbnail

Panel may ready new list of public sector banks for privatisation

CFO News

India may set up a panel to identify public sector banks that can be privatized, including mid- and small-sized ones. The move comes after state-owned lenders turned profitable and several rounds of consolidation reduced the number of banks. The committee, which may include officials from the Department of Investment and Public Asset Management, the RBI and Niti Aayog, will determine quantum of stake sale.

Banking 52
article thumbnail

Answers with Adam: Choosing Between a Specialized Hire and a Virtual Assistant

Adam Kae

Answers with Adam: If you're looking to free up time, usually there are two options: a specialized hire or a virtual assistant. Which one do you choose if you can only pick one? CFO Adam: I'm very detail oriented, but I also get overwhelmed by the what I call the day-to-day like mundaneness details of the business. You know, like if I'm in an Excel spreadsheet.

CFO 52
article thumbnail

India cuts windfall tax on petroleum crude to zero

CFO News

In early may, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.

52
article thumbnail

#253 – Prioritizing Payment Principles: A Dialog on Virtual Card in Context (Mastercard & Corpay)

Strategic Treasurer

Episode 253 Prioritizing Payment Principles: A Dialog on Virtual Card in Context What point of emphasis for payments should a corporate payment professional focus on in 2023? In this podcast, Anthony DeBellis, VP of Product Management at Mastercard, and Mark Penserini, VP of Partner Management at Corpay talk with Craig Jeffery and share their thoughts on payment security, access to cash, and virtual cards.

article thumbnail

Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.