Mon.Nov 28, 2022

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In praise of the good CFO

CFO Dive

With the holiday season kicking off, it seems a good time to remember the CFOs who are fighting to do the right thing behind closed conference room doors.

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I, Travel: In Wonder at the Achievements of a Free Society

CFO News Room

Every time I travel, I’m overwhelmed by the mind-boggling complexity of the endeavor and the fact that no one is in charge. Travel consists of enterprises with a lot of conscious coordination, but no single mind plans (or even could plan) the entire system. Planning is decentralized and polycentric , a term that appears throughout the work of 2009 Nobel Laureate Elinor Ostrom and her husband, Vincent.

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Trending Sources

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CFOs must sharpen storytelling skills for boards

CFO Dive

CFOs must take on the role of storyteller when communicating with their boards as their focus shifts from growth and towards long-term sustainability in a pre-recession environment.

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Coincident State Indexes (October 2022)

Barry Ritholtz

Source: Federal Reserve Bank of Philadelphia. The Coincident State Indexes for October 2022 snuck out last week right before Thanksgiving. You might have missed it during the holiday week, but it’s worth reviewing. The specifics are noteworthy: -Over the past month, the indexes increased in 20 states, decreased in 22 states, and remained stable in eight, making a one-month diffusion index of -4.

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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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Auto, manufacturing could be next in line for layoffs, IMA CFO says

CFO Dive

Between rising interest rates and global supply chain issues, the manufacturing and automobile industries may be next in line for workforce cuts.

More Trending

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Five new rules for CFO success

CFO Dive

“Growth” means different things to different CFOs and different companies, but the one constant is about finding a way to not only protect the business and protect the finances but to also figure out what it looks like to help the business expand.

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How a Fight at Home Impacts Your Workday

CFO News Room

Past research has confirmed that negative interactions at work hurt employees’ well-being and productivity, but the time spent at work is only one part of an employee’s day. The authors’ recent research affirms that conflicts at home also negatively affect our energy and emotions throughout the workday and also shows that many employees react to their bad home experiences in a surprising way: by offering help to their colleagues.

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ESG score hurts credit rating for 20% of organizations: Moody’s

CFO Dive

More than half of organizations that issue speculative-grade debt faced a negative impact on their credit rating after a sustainability assessment.

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Layoffs Create Pitfalls for Finance Executives Looking to Cut Costs

CFO News Room

As some U.S. companies are turning to job cuts to reduce costs, chief financial officers and other executives are navigating a host of potential stumbling blocks. While jobless claims are still historically low , U.S.-based employers announced 33,843 job cuts in October, up 13% from September and up 48% from a year earlier, according to outplacement and executive coaching firm Challenger, Gray & Christmas Inc.

Finance 100
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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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Capture more spend and increase your corporate card rebate

CFO Dive

As financial leaders seek ways to drive revenue, they should consider shifting more spend to their corporate credit card program.

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Come meet us in Houston!

The Reformed Broker

Hey guys, hope everyone had a nice Thanksgiving. Five day weekends are rare, hope yours was relaxing and fun. I’ll be in Houston for three days next week – my first time ever in that city! We’re taping a live version of The Compound and Friends podcast at the Dynasty Investors Forum. I will also be interviewing my friend Patrick O’Shaughnessy on stage about the custom and direct indexing revolution.

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Your Inventory Value Report

CFO Simplified

If you’re like most business owners, you probably don’t give much thought to your inventory value report. After all, what’s the big deal? It’s just a bunch of numbers, right? Wrong. Your inventory value report is actually one of the most important financial documents you have. Why? Because it tells you the value of your inventory at any given time and provides one snapshot of your business’s overall financial health.

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5 Tips to Recession Proof Your Business Budget & Financial Forecast

Centage

When you think of a business that’s recession proof, you probably imagine a company that provides the type of essential products people need regardless of the state of the economy. For example, grocery stores, healthcare businesses, and freight companies are all widely regarded as being recession proof. However, the truth is you don’t have to operate a need-oriented business to withstand times of hardship.

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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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101 Ways Advisors Can Add Value And Attract Their Ideal Clients

Nerd's Eye View

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

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Can Gautam Adani win India with an app?

CFO News

If the regional outlook is challenging, evidence from India isn’t very encouraging, either. E-commerce is undoubtedly a success, with Walmart Inc.’s Flipkart and Amazon.com Inc.’s India websites controlling the bulk of a growing market — more than 60% of the billion-plus visits to the Flipkart site during its eight-day Big Billion Days festival last quarter came from Tier 2 and 3 cities.

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101 Things That Advisors Actually DO To Add Value (Beyond Just Allocating A Portfolio)

Nerd's Eye View

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

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PodChats for FutureCFO: Imperatives of a modern CFO's office

Future CFO

Challenging may be the appropriate word to document the environment that will greet businesses in 2023. We are faced with continuing supply chain shortages, a war in the West that promises to keep energy costs for the immediate future, and rising inflation – not to mention the shadow of a pandemic that mutates too frequently to offer respite for governments, citizens and businesses.

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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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Risk mgmt important in a recession, CFOs should continue investing: Mukesh Butani

CFO News

Even in times of slowdown, think like an entrepreneur and don't be overcautious, invest and invest sensibly is the advice of the Founder of BMR Legal for finance honchos.

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Standard Chartered searching for new CFO: Report

Future CFO

London and Hong Kong listed Standard Chartered is seeking a new CFO to replace Andy Halford who would retire as soon as the spring annual meeting in 2023, according to a recent Sky News report. The news report said it believes that London-based management consulting firm Russell Reynolds Associates will help find the replacement. The Asia-focused bank paid US$3.6 million to Halford in 2021 and US$3 million in 2020.

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Meals on Wheels Testimonial

Focus CFO

FocusCFO was honored to have the opportunity to help Meals on Wheels expand their community impact by helping the organization better asses the use of their assets and plan for future initiatives. CFO Paul Brunner has worked closely with the CEO and the organization's staff. He has developed performance indicators and communications with the MOW Finance Committee of the Board of Directors.

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Slower growth will be good for India, for now, economists say

CFO News

Gross domestic product expansion at about 6% is a sweet spot for Asia’s third-largest economy to steer inflation back to the Reserve Bank of India’s target, and also to narrow budget and current account deficits, said Rahul Bajoria of Barclays. Price gains have stayed above RBI’s 2%-6% target since the start of 2022, and the central bank seeks to cool it to 4% by 2024.

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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.

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Oatly selects ION Treasury’s IT2

Reval

LONDON – 29 November 2022: ION Treasury, a global provider of treasury and. The post Oatly selects ION Treasury’s IT2 appeared first on ION.

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Now, Amazon to shut its wholesale distribution business in India

CFO News

Called Amazon Distribution, the business operates in Bengaluru, Hubli and Mysore. This is the third business Amazon has shut in India in the past week.

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Financial Compensation Guide After an Accident: All You Need to Know

Financial Analyst Insider

If you have been injured in an accident that was not your fault, you may be entitled to financial compensation. This can help cover the. The post Financial Compensation Guide After an Accident: All You Need to Know appeared first on Financial Analyst Insider.

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Sebi forms a high-level panel to review corporate takeover rules

CFO News

The panel will have to advise the regulator on simplifying and strengthening the current norms by adopting appropriate global practices. The committee, which has representatives from stock exchanges and law firms, would also have to suggest measures to facilitate ease of doing business.

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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.