July, 2023

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How finance chiefs can cut back on IT spending waste

CFO Dive

To tackle outdated or redundant tech driving up IT spending costs, CFOs need to work with CIOs to create a “common plan,” LeanIX’s Christian Richter said.

Finance 246
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The Benefits of Real-time Reporting and Data Analytics for Professional Services

Navigator SAP

Most professional services organizations have completed digital transformation, which is the trendy way of saying that they’ve moved operations to the cloud. Now that most of these businesses are in the cloud, though, the next evolution has arrived: using the advantages of digital transformation to actually drive intelligent decision-making. Forget digital transformation.

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Trending Sources

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Not just Auditors, CFOs too are responsible for delayed reporting of accounts: Legal experts

CFO News

​ETCFO exclusively discussed the role and responsibility of CFOs in delayed reporting of accounts with legal luminaries. What the law says over two crucial issues are the CFOs not equally responsible as auditors for delays or the lack of submission for financial statements and if it's only the auditors who have to resign over delayed submission of financial accounts - what does the law state about CFOs ?

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The Broker Who Saved America

The Reformed Broker

You know Hancock and Washington and Franklin and Jefferson. You might even know Greene and Knox, Henry and Hale. And we know you know Hamilton, pretty tough to escape that one these days! But it is very unlikely that you know the name Haym Solomon. This is unfortunate, because he’s the guy who arranged financing to keep the Continental Army alive during its darkest days, finding the money to keep the revolution goin.

Finance 144
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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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NVIDIA exec: banks must prep for AI boom

CFO Dive

While generative AI has potential, this “new generation of AI doesn't run well, at all, on the current computer infrastructure that banks have,” NVIDIA’s Malcom DeMayo said.

Banking 246

More Trending

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Medicare Advantage is a profit machine for insurance companies, study finds

Tips Watch

By David Enna, Tipswatch.com If you watch any news programming on television, you’ve seen annoying ads for Medicare Advantage running year round. “$0 monthly premiums!” “More benefits!” “Call to see if you qualify!

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Why ERP is a Strong Strategic Move for Businesses Preparing for an Economic Downturn

Navigator SAP

Does it feel like the future has become more uncertain lately? If you and your business are worried about the direction of things, you’re not alone. The world has changed since the pandemic, and uncertainty about the direction of the business environment is a common sentiment. Confidence in the business environment decreased by more than 10 percent last year, according to the business sentiment index produced by business climate tracking firm, IBSWorld.

Economics 246
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Coffee Day reports default on Rs 465 crore debt in April-June quarter

CFO News

Default on loans stands at Rs 244 crore while on unlisted debt securities, it stands at Rs 220 crore. The Securities and Exchange Board of India had earlier found Rs 3,535 crore worth of fund diversion at Coffee Day Enterprises.

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How to Get Funding for Your Startup Fast

Business Credit Blogger

How to Get Funding for Your Startup Fast Are you in the early stages of launching your business and in need of funding? It can be overwhelming when it comes to deciding how to begin or where to apply. In today’s post, we’ll unpack several ways for you to get funding for your business. The […] The post How to Get Funding for Your Startup Fast appeared first on Business Credit.

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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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Culture, ethics audits can prevent malfeasance: study

CFO Dive

CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.

Auditing 288
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U.S. Home Price Growth 1983-2023

Barry Ritholtz

Fascinating chart from Visual Capitalist showing the history of housing prices in the United States. I recall the 1990 Home Price recession — I was too broke to afford a condo, but I knew lots of recent grad school friends who took high-paying jobs and bought a place in the 1980s; more than a few were freaked out about falling prices. The issue with rising prices is the ongoing shortage of single-family homes relative to both population and job locations.

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A Roadmap For Solo RIAs Making Their First Hire

Nerd's Eye View

Many financial advisors who launch solo advisory firms do so with the intention of adding more employees once the firm becomes big enough to support them. And while conceptually it makes sense that the firm will be ready to hire its first employee at some point, in practice, there often isn't a lot of clarity about the right time to actually make an initial hire.

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Navigator Business Solutions Announced as one of Bob Scott’s VAR Stars 2023

Navigator SAP

Navigator Business Solutions has been named to the Bob Scott’s Top 100 VARs for 2023.

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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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96% of Indian employers plan to recruit Finance Professionals in 2024: ACCA

CFO News

According to the survey report by Association of Certified Chartered Accountants (ACCA), about 80 per cent of the employers plan to further train and upskill their existing employees working in finance, to keep up with the evolving field.

Finance 111
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Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. Excel formulas can make performing simple calculations easy and automatic. Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business.

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M&A plunges 37% during first half of 2023: WTW

CFO Dive

Buyers facing tight credit and high interest rates will subject potential acquisitions to intense scrutiny in coming months, WTW said.

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More Inflation Expectations Silliness

Barry Ritholtz

This morning, the WSJ reported that “Consumers expect to see 4.1% inflation a year from now, the lowest such reading in two years and down sharply from its recent peak of 6.8%.” There are some who believe this is good news, but as we pointed out in May , it’s a meaningless, lagging survey. In fact, it may be even worse than that, because it appears that some at the Federal Reserve actually believe the Fed’s own survey of consumers contains information.

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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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Weekend Reading For Financial Planners (July 29-30)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms seeing gains in clients and AUM per professional and a reduction in annual hours spent per client for operations and administration in the past 3 y

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Understanding the SAP Business Technology Platform (BTP)

Navigator SAP

Business operates differently now. They evolve faster and scale without heavy technology investment, they connect directly with other systems, they leverage data and automation, and soon they will use artificial intelligence for everything from insight to operational efficiency. Most businesses that have grown beyond a handful of employees now use an enterprise resource planning solution (ERP) for running backend operations, with SAP the market leader of this crucial backend software.

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GST offences not covered under PMLA, say experts

CFO News

The Directorate General of GST Intelligence in the Centre and the Bureau of Investigation in States, which deal with the investigation based on intelligence inputs from various authorities or agencies, are the proper officers for GST offences, experts say.

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IPOs: Offerings Keep Trickling In

Global Finance

Global Finance Magazine - Sticky inflation, interest rate hikes, and Russia’s ongoing war in Ukraine are among the factors that will continue to chill IPO prospects.

Finance 98
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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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Economy struggling in ‘slowcession’: Moody’s

CFO Dive

A sudden spike in oil prices poses the biggest threat to U.S. economic growth, Moody’s Analytics Chief Economist Mark Zandi said.

Economics 258
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Majority of Hedge Funds Fail to Meet Benchmarks

Barry Ritholtz

Barry Ritholtz, “Masters in Business” Radio and Podcast Host discusses the environment of hedge funds and the war on talent between them. He speaks with Romaine Bostick and Scarlet Fu on Bloomberg Markets: The Close Vast Majority of Hedgefunds Are Failing to Meet Targets: Ritholtz Source: Bloomberg See also : MiB: Ilana Weinstein Discusses the Hedge Fund War for Talent (July 1, 2023) The post Majority of Hedge Funds Fail to Meet Benchmarks appeared first on The Big Picture.

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The Growth Of Collaborative Planning – And Decline Of “The (Written Financial) Plan”

Nerd's Eye View

Financial plans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client. However, there is no standard style of what is included in these plans, and as financial planning software has gotten more sophisticated and capable over time, "The Plan" has gotten longer and longer with addit

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How to Know if Your ERP Partner Will Give the Support You Need

Navigator SAP

The cloud has made ERP rollout and ongoing maintenance much easier than it was 15 years ago. But rolling out an ERP system and ensuring that it meets both the current and future needs of the business still is complex. A business that uses ERP for backend operations still needs a support partner. Unlike most other software solutions, ERP encompasses all corners of a 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.