Fri.Apr 07, 2023

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Walmart automates to combat inflation, CFO says

CFO Dive

The retailer is upping its investments in automation as it looks to manage costs and pricing during an inflationary environment.

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Your New ERP is Worse Than Your Old System—But Only for the First Year

Navigator SAP

There’s an interesting and well-known issue that many businesses face right after upgrading their ERP solution: The new system performs worse than the old one.

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Trending Sources

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Why CFOs must take inventory reins

CFO Dive

The people responsible for bloated inventory levels don’t all sit in factories and warehouses, Ernst & Young’s Peter Kingma writes.

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Getting So Much Better All the Time

Barry Ritholtz

 A quick note before the 3-day holiday weekend consumes all: I was thumbing through the Oscar edition of a recent glossy mag when I came across an article by James Pogue titled “ West of Eden.” It’s a discussion of folks on the fringe right, including preppers, dystopian billionaires, and a bunch of off-the-grid, back to-the-land, radicals. I can sum up the entire vibe with a single quote: “ If you’re not willing to shoot federal agents, then you’re not serious about it.

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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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IRS targets corporate, wealthy tax cheats

CFO Dive

The federal tax collector plans to expand enforcement staff and reverse a decline in audit rates for businesses and households earning more than $400,000 per year.

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More Trending

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Samsung employees leaked corporate data in ChatGPT: report

CFO Dive

Data privacy is a concern for companies with employees using ChatGPT’s web-based interface, as input data is used to train and improve the tool.

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Weekend Reading For Financial Planners (April 8-9)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the T3/Inside Information Software Survey is available, providing insights into which technology tools advisors use and their level of satisfaction with them, which highlighted the continued rise of specialized financial planning software tools for topics like taxes and Social Security as advisors continue to seek tools tobroaden and deepen their planning capabilities.

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Amazon plans to trim employee stock awards amid tough economy

CFO News

AMAZON-COM-Amazon plans to trim employee stock awards amid tough economy

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That Wasn’t the Bottom

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tony Dwyer, and Downtown Josh Brown discuss how long an inverted yield curve can last, the unemployment rate and recession, bank lending standards, the Fed, commercial real estate, AI, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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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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IMF chief calls on central banks to continue inflation fight

CFO News

Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.

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Tim Murphy – Treasurer and Head of Real Estate at Square | Episode 04

Treasury Talent

                                           Tim Murphy has had a fascinating career working in various treasury roles predominantly within the FinTech world. His diverse experiences got Square interested. He joined the company before it went public in 2015. As the volume of financial transactions Square was processing ballooned, management wanted to create a strong treasury function, with core functionalities like FX, insurance, cash management and inves

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Welcome Jim Murdy

Focus CFO

We are pleased to announce that Jim Murdy has joined the FocusCFO, bringing his skills to small and medium-sized businesses in Southeast Ohio by providing Fractional CFO services. Jim has over 30 years of progressive financial and operations leadership beginning with five years of diverse audit experience with Big 4 public accounting firm Arthur Andersen, LLP, including a major fraud investigation.

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Singapore's Temasek buys majority stake in Manipal Hospitals for $2 billion

CFO News

Temasek Holdings has acquired a 59% stake in India's Manipal Health Enterprises for Rs 29,000 crore ($3.6bn), valuing the Indian hospital chain at the same amount, according to people with knowledge of the development. Temasek-owned Sheares Health initially held 18% of Manipal, with the additional 41% bought from existing investors and promoters. After the deal, existing Promoter Ranjan Pai & family's Manipal Health stake will be lowered to 30% while existing investor TPG's share is reduced

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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week, market’s-closed-but-BLS-open Good Friday reads: • Here’s What Happens at the IRS After You File Your Taxes Refunds can come in five days—or a few months. ( Wall Street Journal ) • How Models Get the Economy Wrong : Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality. ( American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the r

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ICICI-Videocon loan fraud case: CBI files first chargesheet against Kochhars, Dhoot

CFO News

The chargesheet, filed before a special CBI court in Mumbai, awaits prosecution sanction from the bank. The CBI has invoked several sections under the Indian Penal Code, including Section 409, which carries a maximum sentence of life imprisonment. The case pertains to a ₹1,800 crore loan sanctioned by ICICI to Videocon when Kochhar was heading the bank.

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Govt extends sops for chip, electronics gear by a year

CFO News

Industry associations said the extension will boost local electronics manufacturing and is aimed at allowing filing of new applications that was discontinued at the end of the fiscal year on March 31, 2023. The scheme was extended via a notification on April 5.

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Tax refund scheme for exports may be extended beyond September

CFO News

The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was expanded in December last year to include pharmaceuticals, chemicals and select steel products.

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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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Gaming firms seek clarity on revised rules

CFO News

Government feels rules are self-explanatory, asks companies for inputs on the working of SROs

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Banks want cover for one-time settlement option under ECLGS

CFO News

At present, lenders need to initiate legal proceedings to avail of the full credit guarantee coverage provided by the NCGTC under the scheme. One-time settlement schemes are not considered legal recourse and are not covered by the guarantee.

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As liquidity tightens, bank CD sales jump 3-fold in FY23: RBI policy report

CFO News

The RBI's March bulletin had said that banks' fund mobilisation through CD issuances was Rs 6.3 lakh crore in 2022-23 up to March 10, as against Rs 2 lakh crore a year ago. The sharp increase in issuance of CDs came amid tighter liquidity conditions as the RBI moved to withdrawal of policy accommodation in the previous financial year and booming demand for credit.

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New terminal building at Chennai airport will benefit economy: PM Modi

CFO News

Prime Minister Narendra Modi on Thursday said that the new Integrated Terminal Building at Chennai Airport will be an important addition to the city's infrastructure.

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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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RBI launches PRAVAAH to speed up approvals for entities

CFO News

RBI is going to launch a centralized web portal PRAVAAH to simplify and streamline regulatory approvals for licenses and to facilitate ease of doing business for entities regulated by RBI.

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After over 25 yrs, Rao retires from JSW Steel

CFO News

In a regulatory filing, the steel major said Rao has superannuated from the services of the company and ceases to be its whole-time director from Thursday.

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