Tue.May 23, 2023

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All about the cash forecasting process you should know

Spreadym

Cash forecasting refers to the methods and approaches used by businesses to predict and estimate their future cash flows. Cash forecasting is crucial for effective financial management as it allows organizations to plan their operations, make informed investment decisions, and ensure they have sufficient funds to meet their financial obligations. To forecast cash flows, companies can use a variety of tools that can include simple models in Excel spreadsheets and special business software that co

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Resilience sounds alarm on 300% ransomware resurgence

CFO Dive

Ransomware claims by the cyber insurer’s customers grew 300% from the third quarter of 2022 to the first quarter of this year.

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Trending Sources

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Will boost digital economy, won't impact businesses, say CFOs on RBI’s Rs 2000 notes move

CFO News

The RBI, on May 19, said Rs 2,000 notes will be withdrawn from circulation and asked banks to stop issuing these notes with immediate effect. ETCFO captured the view of CFOs on the impact of this decision on different sectors and overall economy.

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Warehouse robots in high demand despite downturn: report

CFO Dive

Revenues from automated forklifts reached a total of $1.5 billion in 2022, nearly $200 million higher than previously projected, according to Interact Analysis.

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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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#FA Success Ep 334: Finding Clarity On Fees And Clients By Allowing The Business To Evolve Over Time, With Meg Bartelt

Nerd's Eye View

Welcome back to the 334th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Meg Bartelt. Meg is the Founder and Lead Financial Planner for Flow Financial Planning, a virtual RIA serving mid-career women in tech that oversees almost $60 million in assets under management for 60 client households. What's unique about Meg, though, is how, over the span of 7 years since launching her firm, she has evolved the business by repeatedly adapting her niche focus, iterating

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Spring Cleaning: Your Mid-Year Budget Review Checklist

Centage

If you’ve noticed that prices at the grocery store are higher than usual these days, then you’re not alone. However, the current economic crisis isn’t just affecting families shopping for groceries and other goods. It’s also impacting businesses, with companies of all sizes struggling to achieve their goals without breaking the bank. Fortunately, there are steps you can take to keep your business moving forward regardless of market changes.

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As employees eye new tech, Nintex CFO stresses balance

CFO Dive

CFOs and their C-suite peers need to look at both what they want out of tools like generative AI as well as what their employees are asking for when it comes to technology.

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Average Cost of Service and Economies of Scale

The SaaS CFO

Average Cost of Service (ACS) is an important but obscure SaaS metric for SaaS finance. I reference this metric when speaking with SaaS founders and finance teams about the balance between their cost structure and pricing plans. It’s also a component of my SaaS Scalability Index (SSI). Average cost of service helps us determine if […] The post Average Cost of Service and Economies of Scale appeared first on The SaaS CFO.

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SEC enforcement not ‘a game of gotcha,’ Grewal says

CFO Dive

The SEC will press on with aggressive enforcement while seeking to collaborate with companies under scrutiny, the agency’s enforcement director said.

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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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Three Reasons to Buy Gold

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Corporate Bonds – “One of Vanguard’s Biggest Credit ETFs Bleeds Record $5.5 Billion” ►52-Week Highs – “the NASDAQ-100 made a new 52-wk high after going at least 6 months without one.

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Embracing the Interim CFO: A Strategic Solution for Private Equity-Backed Companies

E78 Partners

Despite months of rising interest rates and market turbulence, private equity deal-making in the United States has remained robust, thanks to resilient fundraising. As investor activity continues to increase, the demand for strong executive leadership, particularly Chief Financial Officers (CFOs), is on the rise. Finding CFOs with the proven capabilities and appropriate mindset for a PE backed company, whether rapidly scaling, under-performing, or preparing for a transaction, can be challenging.

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Clips From Today’s Halftime Report

The Reformed Broker

Call of the Day: HSBC upgrades Chevron to buy from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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901: The Welcome Box | Scott Healy, CFO, Fortera

CFO Thought Leader

It’s perhaps appropriate that Scott Healy’s finance career began at an airport. With a boarding pass in hand, Healy thought that he was ready for takeoff—only to have his new boss board with a mystery box under one arm. “He was carrying a package that I thought was some sort of welcome gift for me because from the outside you could see some cookies and things to eat,” recalls Healy, who upon closer inspection discovered that while the package did indeed contain a few treats, it also held 15 pros

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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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India's GDP growth may breach 7%-mark in FY23: RBI Governor Das

CFO News

India's gross domestic product growth could be above 7% for 2022-23, the Reserve Bank of India Governor Shaktikanta Das said. There is also a possibility that GDP growth for the last financial year could be higher, he said. Financial markets remain volatile owing to uncertainty over future monetary policy path is keeping market sentiments on the edge, said Das.

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Treasurer: A  little empathy goes a long way

Future CFO

Editors’ note: Sheree Lim (pictured), Head of Treasury Business Transformation, Group Treasury Department at Technip Energies throws light on how a leader can cultivate a culture of collaborative intelligence and empathy at work. This interview is part of FutureCFO’s Female Leadership in Finance Series. Sheree Lim, Head of Treasury Business Transformation, Group Treasury Department , Technip Energies FutureCFO: When did you start to become interested in finance?

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Anil Agarwal’s debt-cut blitz turns heat on Vedanta units

CFO News

Indian mining conglomerate Vedanta Group’s long-term financial health is under question as its billionaire owner, Anil Agarwal, seeks to reduce gross borrowings of $6.8bn at Vedanta Resources. While bonds due to be paid this month are close to 100 cents on the dollar, subsequent bonds are said to lack confidence, with prices around just 70 cents on the dollar for some.

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Welcome Greg Foote

Focus CFO

We are delighted to announce that Greg Foote has joined the FocusCFO team in Metro Detroit. With 42 years of extensive experience in military, management, CEO, CFO, and board roles, Greg brings valuable expertise in recognizing opportunities, problem-solving, risk assessment, and developing performance metrics to measure results, set growth targets, and drive value creation.

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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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View: It’s bankruptcy that needs a rescue in India

CFO News

The 2016 insolvency law was crafted when the country was just starting to tackle what would eventually rank among the worst piles of bad loans anywhere in the world: a $200 billion-plus menace. With banks garnering bumper profits in the post-pandemic high interest-rate environment, that baggage is now much lighter, and the urgency to deal with it lower.

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Celebrating 5 Years with Mark Vernallis

Focus CFO

We're taking a moment to celebrate a major milestone for one of our key leaders, Mark Vernallis, who is marking his fifth year as Pittsburgh Area President with FocusCFO. We had the pleasure of speaking with Mark to reflect on his journey, his achievements, and his vision for the future.

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‘India will contribute 15% to global growth in 2023’: Shaktikanta Das

CFO News

The economic slowdown is concentrated in advanced economies with the Asia-Pacific region expected to contribute about 70% of global growth in 2023. Governor Das was addressing the plenary session at CII Annual Session 2023.

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The Talent Behind the Tech: How Skills-Based Hiring Supports Technology Innovation

CFO Alliance

The post The Talent Behind the Tech: How Skills-Based Hiring Supports Technology Innovation appeared first on CFO Alliance.

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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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‘Inflation on downward trend, not a big concern now': Maruti Suzuki CFO Ajay Seth

CFO News

Ajay Seth, CFO, Maruti Suzuki India Limited which leads the passenger cars market with 40.86% market share in the last fiscal, in an exclusive interaction with ET CFO says, since the price rise is on a downward trajectory, it may not be the biggest concern for the CFO.

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How A Data Unlock Helped SEC To Identify At-Risk Issuers | Alison Staloch, CFO, Fundrise

CFO Thought Leader

CFO GUEST:: Alison Staloch of Fundrise Staloch: At the SEC, I remember, you know, we were we were starting to build out our data aggregation tools as an organization primarily as a way to streamline risk identification for our examinations or analytics teams, or, you know, for use in reporting metrics and our economic analyses in different rulemakings.

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GQG Partners looks to invest $1 billion more in Adani Group

CFO News

Earlier in March, GQG had invested ₹15,446 crore in four Adani Group companies - flagship Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission - through block deals. The value of this investment is estimated to have crossed ₹25,000 crore as per latest stock prices.

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FCF Valuation Monitor – Q1 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q1 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and. Read more The post FCF Valuation Monitor – Q1 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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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.