August, 2023

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It’s time for ordinary CFO Barbie

CFO Dive

Even under its cheery pink and blue skies, the “Barbie” movie doesn’t let Mattel’s male-dominated C-suite hide behind the corporate curtain.

CFO 296
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Reframing financial uncertainty with data and AI

Future CFO

Businesses face a tremendous number of uncertainties. And this list is only getting longer daily, with many uncertainties remaining persistent. The pressure is on financial leaders to grasp the ongoing uncertainties and pave the way for their businesses to move forward. It is a tall ask, considering that today’s macroeconomic risks can come from unexpected directions.

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How CFOs can digitize finance function

CFO News

Finance as a function needs to ensure that the data is reliable and that the people concerned have confidence in it. If data quality is a challenge, then managing and evaluating business strategy and investments will also be a challenge.

Finance 98
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How do Financial Controllers Add Value?

CFO Selections

Last year had been dubbed The Year of the Controller by financial recruiters because demand for the position dramatically increased amid uncertain economic times and increased accounting needs at many organizations. This year has seen continued interest in the role and there is no indication that the buzz around the Controller role is slowing down, which means that going into 2024 many companies are still inquiring about how a Controller differs from a CFO (Chief Financial Officer) and how a Con

CFO 98
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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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Unlock the full potential of digital transformation in Finance and Accounting for CFOs

CFO Dive

Ever-evolving technology that can improve efficiencies while reducing risks and optimizing costs should be explored and exploited for their potential benefits to the organization.

More Trending

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Personal Consumption Expenditures Price Index: +0.2%

Barry Ritholtz

The Fed’s favored inflation report was a 2.1% annualized (3 months through July) and 3.3% year-over-year. Here is BEA: Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $144.6 billio

Economics 103
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Beyond Budget Season: Continuous Financial Planning for Success  

Centage

Budget season is one of the most important times for financial teams, as it sets the tone for how well the company will grow. However, teams shouldn’t only focus on business budgeting for a month or a year. They should forecast and plan for them all year long. By adopting continuous financial planning, financial pros can do better at keeping costs in line, managing investments, taking advantage of opportunities, and reducing the risk of threats.

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At 7.8 per cent, India’s GDP growth in Q1 FY24 accelerates to four-quarter high

CFO News

The Reserve Bank of India (RBI) had predicted a growth rate of 8 per cent for the June quarter. While India’s GDP grew 6.1 per cent in the March quarter of FY23, it had grown at 7.2 per cent in FY23 as a whole.

Banking 111
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Danger Ahead – What are the Future Business Risks? And what can we do about it? (From a CFO’s Perspective)

CFO Selections

Uncertainty , a term frequently mentioned by business leaders today, essentially refers to business risk - an area CFOs often focus on. Let's delve into the various types of risk a business may face.

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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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Flawed accounting surges 150%: Glass Lewis

CFO Dive

Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

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How Organizations Can Best Prepare for an ERP Implementation

Navigator SAP

Enterprise resource planning solutions (ERP) dramatically improve an organization’s operational efficiency, standardization and best practices by serving as the nerve-center for an organization. But rolling out a new ERP can be tricky, because these systems touch all parts of a business and therefore implementation is a complex project.

Planning 215
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10 Thursday AM Reads

Barry Ritholtz

My end of August, morning train WFH reads: • Money Is Pouring Into AI. Skeptics Say It’s a ‘Grift Shift.’ The move from crypto to artificial intelligence has fueled the markets this year, but some are questioning how much of it is real. ( Institutional Investor ) • What to Do With a 45-Story Skyscraper and No Tenants : HSBC’s plan to leave its Canary Wharf tower for a smaller site shows the global challenges ahead in repurposing unwanted office space for a post-pandemic world. ( Citylab ) see al

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214: Nonkululeko Gobodo’s advice for shattering glass ceilings

CFO Talks

Nonkululeko Gobodo’s advice for shattering glass ceilings Written by: Leigh Schaller Nonkululeko Gobodo, one of the founders of what would become South Africa’s largest black-owned accounting firms as well as the first black female CA(SA) spoke to Chwayita Deliwe, co-owner of CN Outsourced Finance on the CFOClub Podcast. The two women shared their experiences of overcoming imposter syndrome, the value of self-belief and how gender roles need redefining.

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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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Adani Group rejects OCCRP report, says 'categorically recycled allegations' after Hindeburg

CFO News

While short-seller Hindenburg's report, which also had similar allegations, came just ahead of Adani Enterprises' FPO, the OCCRP report comes ahead of the Supreme Court hearing on the allegations made in the Hindenburg report.

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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.

Finance 98
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Revenue leaders crave automation, data visibility: Zuora

CFO Dive

Understanding where one can do more with automation can help CFOs make faster strategic decisions and ease the burdens of stressed accountants, Zuora’s Emily Daigle said.

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Modern ERP Helps Food and Beverage Firms Stay Ahead

Navigator SAP

Not all backend systems are created equal. For food and beverage manufacturers, sustained profitability often comes down to supply chain and operational visibility combined with greater process efficiency. These dynamics are supported or hindered by the enterprise resource planning solution that a food and beverage manufacturer have in place.

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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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Forget the iPhone: BlackBerry is still the one to beat

Barry Ritholtz

How little do we know about the future? A great way to figure that out is to look to our past, to see what we previously thought about what the future will hold. To wit: 26 years ago, the image above came from the cover story of Fortune magazine: “There’s a lot of buzz in the smartphone business lately, with Apple’s (AAPL) iPhone turning the mobile world upside down and Nokia’s (NOK) upcoming phone announcement providing a new challenge.

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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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Will evaluate shareholders’ requests for dividends, but no decision yet: Zomato CFO Akshant Goyal

CFO News

On August 3, Zomato reported a maiden consolidated net profit of Rs 2 crore for the quarter ended June 2023, as against a loss of Rs 186 crore a year ago. The profitable turn came on the back of higher order frequencies from its loyalty programme, Gold. Its revenue from operations in the quarter saw a nearly 71% on-year jump to Rs 2,416 crore.

CFO 105
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The Benefits of Automating Budgeting Processes

Centage

Spreadsheets like Excel can be valuable to small businesses for tracking costs and organizing their finances. However, growing companies can find them to be time-consuming and cumbersome. Plus, there’s a strong chance of human error that can throw the information off entirely. Implementing ways to stay competitive and relevant is essential for long-term organizational growth.

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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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Inflation edges up as consumers boost spending

CFO Dive

Consumers in July increased spending on a broad range of goods and services as the highest federal funds rate in 22 years showed few signs of slowing economic growth.

Economics 267
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J.P. Morgan Celebrates 1000 Corporates on Treasury Ignition™!

FISPAN

We are thrilled to announce a major milestone for our valued partner, J.P. Morgan! They have officially reached an incredible milestone of 1000 Corporates on Treasury Ignition, and we couldn't be more proud of this achievement.

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Lessons for Investors from Mini-Panics

Barry Ritholtz

The first post-pandemic presentation I pulled together for my pal Joe Fitzgerald (we worked together in the late 2000s) was a new deck titled: Biggest Mistakes Made by UHNW Investors. In the intervening year, I updated and refined the deck, adding more examples and specific advice. below is my discussion of what the presentation will be like at the MoneyShow in Orlando on October 30.

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Navigating the complexity of finance applications

Future CFO

Captioned photo: (left) Lim Swee Keng, group head of finance at CCH receiving the award from Daniel Leung (right), country manager, ACCA Singapore The finance function, be it in accounting, payables, receivables, or FP&A, rely on business applications to automate processes, consolidate financial information, and generate the report for use by business and operational leaders to make decisions.

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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.