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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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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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The RBI, on May 19, said Rs 2,000 notes will be withdrawn from circulation and asked banks to stop issuing these notes with immediate effect.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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RingCentral CFO describes career choice, staying ‘fiercely prioritized’

CFO Dive

From investment banking to an operational finance role to finally taking on a public company CFO role, Sonalee Parekh has run the gamut when it comes to her financial career path.

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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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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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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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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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#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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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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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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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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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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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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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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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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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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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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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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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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‘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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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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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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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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Why Shadrack Modika keeps attending CFO Alliance Summits

CFO Talks

Written by Staff Writer Why does Shadrack Modika keep attending CFO Alliance Summits? The Limpopo-based CFO explained to a recent CFOConvo webinar how these trips have shaped his professional evolution, from preparing him for Covid to having industry leaders encourage him to expand his business offering. Gaining global inspiration and perspectives Shadrack Modika, CFO at CSL Accountants, explained to the CFOConvo webinar that before being exposed to the CIBA CFO(SA) designation and the CFO Compe

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Go First says no definite timeline for resumption of operations yet

CFO News

“In a reply to the Directorate General of Civil Aviation (DGCA), Go First airline said they have no definite timeline for the resumption of operations yet,” reported ANI citing DGCA. Last week there were reports of the airline resuming operations in May.

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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.