Mon.Aug 21, 2023

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Prophix CFO: Taking your place as a strategic leader

CFO Dive

The days of CFOs “being passive” in an organization are over, Prophix CFO Ryan Van Hatten says.

CFO 239
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Apple hits big oversold levels, now what?

The Reformed Broker

The Relative Strength Index or RSI is typically expressed as a 14-day reading to determine the degree to which a stock or an index is overbought or oversold, if at all. It was created in 1978 by J. Welles Wilder Jr. (here’s the book) who was a mechanical engineer by trade before turning his mathematical mind to stock and commodity trading, subsequently developing some of the most widely traded tools in technical ana.

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Trending Sources

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Why CFOs should partner with IT to drive enterprise digital transformation

CFO Dive

Finance and IT are often the stewards of enterprise transformation. How should you align for impact?

Finance 231
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AI in the finance function

Future CFO

Gartner says to build an AI-driven finance organisation for the future will require a combination of technical and business skills that many finance teams do not have today. Mark D. McDonald , senior director analyst in the Gartner Finance Practice , observes a profound shift in how finance teams work based on the accelerating use of AI to help them handle the increased complexity of their daily activities and become more productive.

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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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Green Bay Packers pick CFO from soccer world

CFO Dive

Maureen Smith is joining a football organization that has won four Super Bowls and successfully tapped its loyal fan base for financing.

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More Trending

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Lee, Wrangler parent taps new CFO

CFO Dive

The Greensboro, North Carolina-based jean maker Kontoor has recently reduced its global workforce.

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Banks eye a bumper festive season, gear up for robust credit demand

CFO News

Amid the push for growth, lenders are proceeding with caution on extending loans with rigorous underwriting, provisioning, and strategic application of artificial intelligence.

Banking 52
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Business leaders’ confidence in AI tempered by these risks

Future CFO

Business leaders’ confidence in AI are tempered by social, ethical, and security risks, said EY recently when releasing results of a survey. According to the latest EY CEO Outlook Pulse survey, nearly two-thirds (65%) of CEOs agree that AI is a force for good; however, a near equal proportion say more work is needed to address social, ethical and security risks — from cyberattacks to disinformation and deepfakes.

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NFRA fines auditors ?1.1-cr for lapses in Coffee Day unit case

CFO News

NFRA said its investigations revealed the "auditors failed to exercise professional judgement and scepticism during the audit of TDL where borrowings of ₹2,027.46 crore was used in fraudulent diversion of funds to MACEL worth ₹2,073.

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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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Yes, You Can - FocusCFO

Focus CFO

Shifting Priorities in Response to Economic Uncertainties A new article, published on BostInno , explores how, in response to a shifting economic landscape, Chief Financial Officers (CFOs) are adapting their roles to meet new market demands. Economic uncertainties and changing market conditions have prompted a transformation in the expectations and priorities of CFOs.

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Future Lifestyle resolution hits a bump over forensic auditor's role

CFO News

The sale of Future Lifestyle Fashions (FLFL) under the corporate insolvency process has run into a roadblock due to a conflict of interest between promoter Kishore Biyani and the forensic auditor appointed by lenders, people aware of the development said. Dilip Dixit had undertaken an assignment for one of the Biyani-promoted company before FLFL was admitted for corporate insolvency.

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Jump-Starting Value Creation: The Crucial Role of Pre-Acquisition Due Diligence and the First 100 Day Plan 

E78 Partners

Macro Investment Market Challenges a Headwind for Private Equity Valuations Private Equity Sponsors are facing their most challenging valuation market since the great recession of 2008-09. Heightened inflation and interest rates will continue to be valuation headwinds. A recent article from The Economist detailed some of the challenges to private equity sponsors in this next cycle.

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Adani hikes stake in flagship firm Adani Enterprises Ltd

CFO News

Adani stocks have since recovered some of the losses. GQG has so far invested Rs 38,700 crore in Adani Group firms. Qatar Investment Authority (QIA) has invested Rs 4,100 crore in Adani Green Energy and Bain Capital has poured in Rs 1,440 crore, helping re-build investor confidence.

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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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Nonprofit Communications: Navigating Donor Conversations

The Charity CFO

Nonprofit communications can be complicated, and sometimes awkward. It’s an avoidable fact of charity life that organizations are often in need of money – and donors are the primary source. But while it’s relatively easy to raise funds in dire situations or emergencies, getting donors to invest can be trickier when your charity seems financially stable.

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HC grants interim relief to ABG Shipyard directors on eviction notices issued by the ED

CFO News

The Bombay High court (HC) granted interim relief to the erstwhile Directors of ABG Shipyard Group,against the eviction notices issued by the Enforcement Directorate (ED) directing them to evict their residential premises in relation to money laundering case registered against ABG Shipyard Ltd. They have been booked in a money laundering case of Rs. 22,000 crore.

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Budget preparation: when should you start planning your budget?

Cube Software

Benefits of early budget preparation Early budget preparation plays a big role in your level of success (and sanity) during budget season. Getting a jump on preparation creates time to cleanse and verify data, identify cost savings, conduct scenario planning, build consensus among your stakeholders, and build a project management calendar that makes sense for your team and the workload.

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Crypto plunge gives Indian investors the jitters

CFO News

In the past week, Bitcoin declined 11.5%, hitting $26,023.3, according to CoinGecko's data as of 5.30 pm on Monday. Similarly, significant alternative cryptocurrencies like Ethereum fell 9.7%, Ripple lost 16.9%, Solana crashed 13.3%, and memecoins such as Dogecoin and Shiba Inu declined nearly 16%.

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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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Breaking down the budgeting process: 7 things you need to get your budget approved

Cube Software

7 things you need to do to get your budget approved Navigating the nuances of budgeting can be challenging. As you prepare to make your case, consider these seven pivotal steps that can significantly increase the likelihood of your budget gaining the green light.

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Markdown detour slows fresh funds delivery to Dunzo

CFO News

Reliance Retail, the largest investor with 26% stake in Dunzo, is averse to the idea of slashing the valuation of the startup by nearly 50% in a fresh funding deal being stitched together by a set of existing investors.

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Folly of Forecasts, Big Short Edition

Barry Ritholtz

Source: Adam Khoo , Twitter A preface before we get into this: Michael Burry has proven himself to be a rare fund manager. He has a great ability to identify a variant perception versus the Wall Street consensus and express that view in a deeply researched market position. As we learned in Michael Lewis’ book The Big Short , he had the courage of his conviction to stay with his position even as lots of others opposed it.

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Software companies seek tweak in local value addition norms

CFO News

In a letter to the the ministry of electronics and information technology said that since government norms on software and service procurement do not consider the nature of how software and related services are developed, it deprives them of the “reasonable opportunity” to compete for state-run projects and procurement.

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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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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • The Legendary, Wildly Profitable QQQ Fund Makes No Money for Its Owner : An historical artifact prevents Invesco from profiting from its flagship ETF. The company’s Q-themed offshoots are finally solving that problem. ( Businessweek ) • The New York Fed President Sees Interest Rates Coming Down With Inflation : In a wide-ranging interview with The New York Times, John C.

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IT midcaps set to keep hiring momentum going in near term

CFO News

While larger players are conserving resources and maintaining a cautious approach to hiring due to macroeconomic uncertainties, midcaps are focusing on bringing in more freshers to balance out employee costs.

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APG, IFC & AIIB in race to put $250 million into Mahindra InvIT

CFO News

Mahindra Susten's businesses include the Mahindra Group's renewable-focussed engineering, procurement and construction (EPC) unit (with more than 4 GW of capacity constructed) as well as an independent power production (IPP) unit with around 1.54 GW of operational solar plants. The entire 1.54 GW will be transferred to the InvIT.

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SBI chief Dinesh Khara likely to get 10-month extension

CFO News

SBI chairman Dinesh Khara is expected to receive an extension until August 2024, giving him an additional year in his current position. This is due to existing norms that limit the age of the SBI chairman to 63 years, which Khara will reach next August. Another official, Ashwini Kumar Tewari, is also likely to receive a two-year extension.

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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.