Mon.May 15, 2023

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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 244
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Tech, talent, and inflation are top priorities for CFOs in 2023: Report

CFO News

For businesses to stay afloat, companies need to shift focus on value consciousness across the business improving efficiencies, enhancing controls, and building trust and collaboration, the report said.

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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.

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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.

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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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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 241

More Trending

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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.

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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 56
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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 218
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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
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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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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.

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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.

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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.

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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

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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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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.

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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.

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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
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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.

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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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At Tata's iPhone plant in Hosur, Make in India is still a distant dream

CFO News

Almost 90% of the components used for Apple phones by Tata are sourced from Mainland China, even as Apple looks to shift manufacturing to India. Till now Tatas have been primarily focusing on the Iphone SE model in their unit. However, the group has initiated trial runs to part assemble the latest Iphone 15 with an aim for mass production -- 50,000 units/day in three shifts -- by July-August.

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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.

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Finance Minister says stands by 2021 Parliament reply that SEBI was investigating Adani Group companies

CFO News

The Finance Ministry in India has backed up its July 2021 reply to Parliament that stated that the Securities and Exchange Board of India (SEBI) was investigating some Adani Group companies. This follows the regulator, which is looking into fraud allegations and money laundering involving the listed entities, and requests for a deadline extension.

Finance 52
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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.

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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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77 per cent companies predict 2023-24 to have both replacements, new position hirings: Report

CFO News

Around 77% of Indian companies expect to hire for both new positions and replacements in 2023-24, according to a report by HR solutions provider Genius Consultants. The southern and western regions are expected to have the highest hiring rates this financial year, according to 33.30% of participants. The average focus for experience levels during hiring was agreed to be four to seven years by 36.06% of individuals.

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#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.

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Adani-Hindenburg saga: SEBI cautions against premature conclusion of probe

CFO News

India's market regulator SEBI on Monday told the Supreme Court Monday that any incorrect or premature conclusion of its probe into possible lapses of regulatory disclosures by billionaire Gautam Adani's eponymous group will not serve the interest of justice and will be legally untenable. The Supreme Court Friday said it will consider granting three more months to the SEBI to wrap up its probe into allegations of stock price manipulation by the Adani group while rejecting suggestions that it had

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“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

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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.