Tue.Mar 07, 2023

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Expedia alum takes Sonder CFO seat

CFO Dive

The hospitality platform announced a new finance chief as it looks to reach positive quarterly cash flow in 2023 while facing a murky economic environment.

CFO 244
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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train reads: • A 120-Year-Old Company Is Leaving Tesla in the Dust : Tesla had me convinced, for a while, that it was a cool company. fundamentally, its cars had no competition. If you wanted an electric car that could go more than 250 miles between charges, Tesla was your only choice for the better part of a decade. ( New York Times ) see also Tesla Offers an Unprecedented Look at the Bench Behind Elon Musk : In a clear response to investor criticism, the CEO shared t

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Trending Sources

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Bank, finance leaders brace for rate volatility

CFO Dive

The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financial data to support these changes.

Finance 259
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The Biggest Contrarian Bet You Can Make Right Now

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: ►Powell to Congress – “Fed chief Powell is set to begin two days of congressional testimony Tuesday, where he’ll have the chance to explain the central bank’s planned response to a more resilient e.

Finance 103
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Planning Your Restaurants 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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Scotts still targeting cannabis sector, CFO says

CFO Dive

The over 150-year-old company — better known for its lawn and garden products — has become one of the biggest players in the emerging cannabis market.

CFO 260

More Trending

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Brex offers ChatGPT-style CFO tools

CFO Dive

The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

CFO 282
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PM Modi urges India Inc to increase investment, take advantage of opportunities in Budget

CFO News

Citing GST implementation, PM Modi said as opposed to the past, the tax burden has come down significantly in India. He also highlighted the increased outlay on Capex in Union Budget, and emphasized the need to support the private sector.

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Powell says Fed may hike rates more than forecast

CFO Dive

Fed Chair Jerome Powell told a Senate committee that reducing inflation to the central bank’s 2% target may not lead to widespread layoffs.

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"Don't want anything nor leave anything just because you're a woman"

CFO News

This women's day Tanushree Bagrodia, Chief Financial Officer of Laxmi Organic Industries shares her special message for budding women CFOs to achieve great heights in their profession.

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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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Is Rising Income Inequality the 40-Year Bull Market’s Hidden Driver?

CFA Institute

While traditional finance’s equity performance models still work, there is an alternative explanation for the long-running secular bull market.

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Emerging Role of Women in the Financial Sector

CFO News

​Most young girls who are just beginning to explore their interests may not think of finance as a possible career. Even today, people still perceive finance as a competitive, male-dominated function. That is one of the reasons why men still outweigh women in the financial sector, especially in executive roles.

Finance 59
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Strategies for recruiting and retaining finance talent

Future CFO

Recruiting and retaining talent is a top finance and accounting leadership priority. As organisations struggle to identify, recruit and retain talent, it becomes clear that the quality of the employee experience becomes the biggest predictor of long-term success for both employee and employer. Molly Boyle and Vincent Messina discuss the challenges and impacts on the F&A practice and how technology can help organisations build the right F&A team for the future.

Finance 52
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Divestment shortfall: Centre has math ready

CFO News

In the February budget, the central government marked down the disinvestment target to ₹50,000 crore from ₹65,000 crore budgeted initially. It has managed to raise ₹31,107 crore so far.

Math 52
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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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Flexible work: This is where Asian employers still fall behind 

Future CFO

Flexible work is where Asian employers fall behind, said Mercer recently when releasing it Global Talent Trends Study 2023. According to the study that surveyed close to 2,500 HR leaders globally, only half of employers in Asia say they offer flexible work options for all employees, which is lower than the global average of 56%. Close to 30% do not plan on offering flexibility to all employees in the future, Mercer said, adding that this falls below employees’ expectations, considering that near

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Government looks to keep borrowing in check

CFO News

The big pandemic stimulus and the contraction in the economy worsened the combined Centre and state debt-to-GDP ratio to 89.2% in FY21 from 75.1% in FY20. The International Monetary Fund (IMF) has forecast the ratio will improve to 83.5% of GDP in FY23 and gradually ease from FY26 onwards.

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Understanding Remaining Performance Obligations in SaaS

The SaaS CFO

Metrics that provide forward-looking visibility are golden in SaaS companies. Remaining performance obligations (RPO) is a relatively new revenue metric, but it’s a fascinating combination of important SaaS concepts. RPO’s are a required disclosure for US public companies, and I believe it’s popularity will gain in private SaaS. Let’s dive into the importance of deferred […] The post Understanding Remaining Performance Obligations in SaaS appeared first on The SaaS CFO.

CFO 52
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International Women’s Day 2023: Report shows only 1% women Insured in India

CFO News

On the occasion of International Women’s day, a report released by PayNearby in association with the RBI Innovation Hub talks about various aspects of how women in rural India do business lately and are they financially protected.

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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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3 Unexpected Ways a CFO Can Impact Your Business

Focus CFO

Of course, you already know that CFOs provide financial guidance to businesses. You might be surprised to learn that their impact goes beyond strictly fiscal benefits. Whether a traditional full-time CFO or an outsourced fractional CFO, they are trusted partners and strategic guides that can help you (and your organization) weather unexpected storms, grow the value of your business, improve your quality of life, and help you navigate the challenges of entrepreneurship.

CFO 52
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Post-Covid, women get lower pay hikes

CFO News

An ET analysis found that between 2017-18 (July-June) and 2021-22 (July-June), the annual growth rate of women's wages at 4.5% in urban areas was lower than that of men, which was 5.2%. In rural areas, wages for men increased 4.9%, compared with 4.6% for women.

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#FA Success Ep 323: Sustaining A $5B Advisory Firm To The Third Generation Of Leaders, With Yonhee Choi Gordon

Nerd's Eye View

Welcome back to the 323rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Yonhee Choi Gordon. Yonhee is a Principal and the Chief Operating Officer of JMG Financial Group, an independent RIA based in Chicago, Illinois, that oversees nearly $5 billion in assets under management for close to 1,500 client households. What's unique about Yonhee, though, is how, through her nearly 4 decades with JMG Financial Group, Yonhee has been a part of not only the firm’s

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Land cost making it harder to sustain real estate projects: Tata Realty MD & CEO

CFO News

"Real estate requires a lot of capital in India, first to acquire land. In major cities such as NCR, Mumbai and Bangalore, it is almost 80%–85% of the project cost. Then you take 2-3 years to launch the project, with the cost of capital varying from 8.5% for reputed builders to 18–20% for non-reputed ones," Dutt said.

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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.

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Hey ChatGPT, can you analyze this plan?

Jedox Finance

ChatGPT is propelling widespread adoption of generative artificial intelligence (AI) and uncovering new ways for teams and organizations to explore the technology. Tapping into the Jedox platform and its endless integration capabilities, Jedox created a ChatGPT integration model to show how finance, sales, HR, marketing, supply chain, and environmental, social, and governance (ESG) teams can experiment with generative AI in their integrated business planning (IBP) processes.

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Nine of 10 companies lack culture, organisational structure to unlock digital growth: Infosys report

CFO News

"This research suggests three differentiators for success: use data internally, design organisation culture to take responsible risks and organise the business around products," according to a release outlining the findings of the report.

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Five Reasons to Get the Help of a Tax Expert

Financial Analyst Insider

When it comes time to file taxes, making sure that it is done correctly is a must. This is where a tax accountant becomes a The post Five Reasons to Get the Help of a Tax Expert appeared first on Financial Analyst Insider.

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7 companies run by powerpuff women gave double-digit returns in last 1 year

CFO News

A third-generation entrepreneur, Farah Malik Bhanji leads the 72-year old company and has driven modern retailing at Metro Brands. The company reported a strong 68% growth in turnover in FY22 and an 18% growth in the 9 months ended December 2022.

Retail 52
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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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FCF Interest & Corporate Loan Monitor Q4/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q4/2022”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more The post FCF Interest & Corporate Loan Monitor Q4/2022 published appeared first on FCF Fox Corporate Finance GmbH.

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NCLT approves Suraksha Group's bid to acquire Jaypee Infratech, complete 20,000 flats in stalled projects

CFO News

The National Company Law Tribunal approved Mumbai-based Suraksha group's resolution plan of Jaypee Infratech Limited and complete around 20,000 flats across various projects in the national capital region. In November last year, the tribunal had reserved its order on Suraksha group's bid to acquire Jaypee Infratech and complete around 20,000 flats for aggrieved homebuyers in Noida and Greater Noida.

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Transcript: Maria Vassalou

Barry Ritholtz

 The transcript from this week’s, MiB: Maria Vassalou, Goldman Sachs Asset Management , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.