Fri.Jul 28, 2023

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Cybersecurity, IT top CFOs’ spending hike list

CFO Dive

AI in particular has caught CFOs’ eyes as a potential game changer in a number of areas, including content creation and summarization, according to Grant Thornton.

Numbers 230
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Understanding the SAP Business Technology Platform (BTP)

Navigator SAP

Business operates differently now. They evolve faster and scale without heavy technology investment, they connect directly with other systems, they leverage data and automation, and soon they will use artificial intelligence for everything from insight to operational efficiency. Most businesses that have grown beyond a handful of employees now use an enterprise resource planning solution (ERP) for running backend operations, with SAP the market leader of this crucial backend software.

SAP 130
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SEC’s Munter warns of ‘purported’ crypto audits

CFO Dive

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

Auditing 207
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Govt allows firms to list on GIFT IFSC to attract foreign flows

CFO News

Public and privately held Indian firms can now list their shares on the International Financial Services Center at Gujarat International Fin-Tec City, Finance Minister Nirmala Sitharaman announced at a briefing Friday.

Finance 95
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Walgreens hunts for new CFO with healthcare experience

CFO Dive

The pharmacy chain’s controller will take the CFO seat on an interim basis as Walgreens embarks on an aggressive cost-saving plan.

CFO 216

More Trending

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GameStop CFO resigns after about a year

CFO Dive

Diana Saadeh-Jajeh’s departure, effective Aug. 11, extends the streak of executive turnover at the retailer.

CFO 130
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Weekend Reading For Financial Planners (July 29-30)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms seeing gains in clients and AUM per professional and a reduction in annual hours spent per client for operations and administration in the past 3 y

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SAT sets aside SEBI penalty of Rs 25 crore on Mukesh Ambani: Report

CFO News

According to the appellate tribunal, the imposition of penalty by the regulator was without any authority of law, and it believes there was no violation of regulations by Ambani.

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Ep 25: Impact of Organization Design on FP&A

CFO Thought Leader

One of the key topics Brett drills down on is the difference between complicated and complex problems. Brett uses the examples of manufacturing a car, which is complicated, and raising a child, which is complex. The distinction is crucial in understanding how to approach problem-solving in an organization. While complicated problems can be solved with the right formulas or spreadsheets, complex problems require more.

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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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India Inc wants more women in leadership roles

CFO News

Companies including Accenture, Cognizant, KPMG, L&T, PwC, and NatWest Group are making concerted efforts to bring in more women in leadership roles, recognising that diverse viewpoints are crucial to fostering innovation and better decision-making, ultimately leading to more success and better profitability for firms.

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Fostering data integrity in your FP&A reporting

Cube Software

What is data integrity? Data integrity is far more than just maintaining high-quality data; it's about establishing robust procedures that ensure the accuracy, reliability, and comprehensiveness of your data sources. It involves creating a transparent trail from each data point back to its original source, and seamlessly integrating data from diverse sources to provide convenient, holistic access.

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Tomato trouble: Economists suggest RBI to keep tight leash on inflation

CFO News

"Most economists pointed out that the near-term CPI would likely be higher due to vegetable prices, but fourth quarter inflation could print in line with the RBI's forecast. The broad feedback was that the RBI should maintain the current stance and the "hawkish" hold for now," the source said.

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9 variable expenses examples you should know

Cube Software

Distinguishing variable expenses from fixed and semi-variable expenses Your business's cost structure is composed of fixed, variable, and semi-variable expenses. Understanding how these three expense types contribute to your overall cost structure allows you to identify opportunities for cost control and calculate crucial metrics, like profit margin and break-even point.

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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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Running a business should be no crime: Govt sits up and takes note

CFO News

The government has set up a working group to decriminalise laws to further promote ease of doing business. The group will look at areas where more decriminalisation of provisions is required.

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Top Priorities: Driving Value and Developing the Talent Pipeline

CFO Thought Leader

Novelis CFO Dev Ahuja highlights his efforts to ensure that finance plays a more prominent role in driving decisions and shaping outcomes across the organization. Ahuja explains his approach involves pushing value levers and making a tangible impact on the company’s profitability and results. MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software.

CFO 52
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India sets steady path toward local semiconductor industry

CFO News

Prime Minister Modi has championed the push into semiconductors, including with a $10 billion fund unveiled nearly two years ago to draw chipmakers. More broadly, he has outlined ambitions to create a robust tech manufacturing sector — dubbed “Make in India” — that has already drawn investments from Apple Inc. suppliers.

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When in Doubt, Zoom Out

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, JC Parets, and Downtown Josh Brown discuss value vs growth, JC’s favorite charts right now, volatility strategies, US homeowner equity, a strategist short squeeze, Lionel Messi in Miami, 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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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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Forced to cut food aid to millions globally because of a funding crisis: UN

CFO News

The United Nations' World Food Program (WFP) has cut food, cash payments and assistance to millions of people in many countries due to a significant funding crisis. The organization has seen donations drop by around 50%, while humanitarian needs due to COVID-19 and conflict rise. The WFP's operating requirement is $20 billion, but it is only aiming for between $10 billion and $14 billion.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • A Textbook Non-Recessionary Bear Market : I don’t think the bear market was an overreaction either considering the changes we saw to inflation and interest rates. Plus we had such a large run-up in prices in 2020 and 2021 that it was good for knocking down the speculation that was running rampant.

Finance 52
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Women lap up freelance gigs as work-from-home ends

CFO News

The number of women professionals seeking freelance work has surged amidst a dearth of remote work opportunities for women, leading to many dropping out of full-time roles. Flexing It notes a 15% increase in the number of women consultants seeking freelance work in Q2 2021 versus the previous quarter, with 60% of them looking for full-time work. Many have opted for freelance roles for location flexibility.

Numbers 52
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Did You Know Planning A Business Exit Takes 7 Years? Where Are You At?

The CFO Centre

Succession planning and/or exit planning is a very common topic we encounter as CFO’s when addressing a client’s top list of priorities. In fact, a current client of mine has listed this as their number one priority to be achieved over the next two years. “I want out in two years, and I want $xxxx!” […] The post Did You Know Planning A Business Exit Takes 7 Years?

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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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14% taxpayers won’t be able to meet ITR filing deadline of July 31, 2023: Survey

CFO News

The deadline to file income tax return (ITR) for individuals without audit is July 31, 2023 for FY 2022-23 (AY 2023-24). However a survey has found out that 14% of the tax filers won't be able to comply with this deadline. On top of that 27% people are still yet to file their ITR.

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Joanne Tanner: How CFOs can be change leaders

CFO Talks

Written by Staff Writer CFOs are increasingly driving automation and modernisation at their firms, Joanne Tanner, CFO of Decision Inc., recently told a CFOConvo webinar. Joanne gave practical advice on how CFOs can overcome institutional resistance. Joanne Tanner is the CFO of Decision Inc. “We help companies reinvent themselves by bridging the digital divide between what we consider business ambition and technology opportunity,” explains Joanne.

CFO 98
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Nestle investing Rs 4,200 crore by 2025, to set up its 10th factory in Odisha

CFO News

These investments are for augmentation of manufacturing capacity, Chairman and Managing Director Suresh Narayanan said, adding a third of that has gone into food space, another one-third on chocolate and confectionary and the rest on nutrition and others.

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More Sentiment Nonsense

Barry Ritholtz

It’s a summer Friday and nobody has the patience for a long rant about whatever foolishness is bothering me today. So instead, a quick note and a couple of charts reminding you that surveys in general are mostly nonsense, and sentiment surveys in particular are a special form of junk pseudoscience. I have addressed this before ( see this , this , this , this , and this ), but in light of yesterday’s GDP upside surprise of 2.4%, and PCE falling to a 2-year, pre-inflation low, perhaps survey

Math 98
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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.