March, 2024

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CFOs play it safe on AI spending

CFO Dive

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

Budgeting 307
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'Collaboration, communication necessary between CFOs and tech leaders for chasing growth'

CFO News

At the ETCFO Leadership Summit, top industry leaders said that the role of CIO or CTO is more to get the right, sustainable, scalable and secure solution to anything they bring to the table.

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Trending Sources

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Delivering results for holistic success

Future CFO

In its Top 5 Finance Trends and Priorities for CFOs in 2024 , Gartner says economic headwinds have forced CFOs to look beyond temporary measures and find new ways to lead finance through digital transformation. The analyst forecasts that through 2025, more than 40% of finance roles will be either new or significantly reshaped due to finance technology.

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Building a successful career in finance

Future CFO

Biotechnology firm, Cytiva, formerly known as GE Healthcare, developing many products for scientists, clinicians and big pharma, including end-to-end solutions from equipment to software to reagents, as well as automated data collection, and digital traceability. In describing the business of Cytiva’s CFO for the Biotechnology Group in APAC, Christine Tan notes that the firm’s customers undertake life-saving activities ranging from fundamental biological research to developing innovative vaccine

Finance 98
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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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When to Use a ‘Decision Tree’ for Business Planning

CFO Selections

Originally published: 2/15/2021 Updated: 3/4/2024 For those not familiar with the term, a decision tree is a flow chart that works through all possible response options in a scenario to analyze resulting outcomes. Basically, it is a visual version of an “if this then that” statement across all possible alternatives. The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision.

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Audit committees rank cybersecurity as top priority amid SEC crackdown

CFO Dive

Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.

Auditing 317
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Danny Kahneman: What if Everything is Narrative Fallacy?

Barry Ritholtz

“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market. I am fascinated by the idea of Narrative Fallacy (the term was actually coined by Nassim Taleb in “ The Black Swan “) and how it applies to pretty much ewverything.

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Deriving Options

Corporate Finance

What do olive presses, Las Vegas, and random walks have in common? The Black-Scholes Option Pricing model! A really interesting Veritasium video walks through a brief history of options and the mathematics behind the Black-Scholes model. And while the video does a good job of explaining option basics, it also discusses some of the beauty behind the math.

Math 130
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10-year TIPS reopening auction could reach real yield of 2.0%

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury on Thursday will offer $16 billion in a reopening auction of CUSIP 91282CJY8, creating a 9-year, 10-month Treasury Inflation-Protected Security.

Treasury 120
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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Byju's CEO Raveendran's removal is not justified in absence of forensic audit: Amarjit Chopra

CFO News

REMOVAL OF BYJUS CEO: There is a need for all parties to sit together and listen to the advice of the Advisory Council with an open mind, says the former ICAI President.

Auditing 116
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Managing Supply Chain and Inventory Through ERP Systems

Navigator SAP

Supply chain and inventory considerations are important for most businesses. But for food and beverage manufacturers, supply chain management and inventory control are essential for ensuring the quality and safety of the products being produced. Food and beverage ERP systems make this level of oversight and control possible. Managing manufacturing production is at the heart of ERP, but supply chain management and inventory control, along with ERP traceability in food production, might be just as

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FASB backs off bigger software accounting revamp

CFO Dive

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

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Do Magazine Covers Contain Market Signals?

Barry Ritholtz

There has been a lot of chatter about magazine covers lately; I thought I might clarify some of the with this post, originally published in Bloomberg on December 27, 2017, along with commentary from Ben and Josh addressing the sdame issue. The key takeaway: The value of the signal here is just about zero. The 2017 Barron’s cover (above) showing Apple’s extravagant new headquarters and suggesting that the company’s market value would reach $1 trillion in 2018 generated some chat

Marketing 134
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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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Webinar- Optimizing Order-to-Cash to Compliance with AI

Bramasol

This webinar focuses on how companies can optimize their Order-to-Cash-to-Compliance processes by combining SAP’s latest cloud-based financial solutions to enhance efficiency and drive business value. Specific topics will focus on use cases for emerging subscription-based business models and solutions such as Order to Cash/BRIM, Revenue Accounting and Reporting (RAR), and S/4HANA cloud implementations.

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February inflation again slides higher than expectations

Tips Watch

Markets react with a shrug, but what does it mean for the Federal Reserve? By David Enna, Tipswatch.

Marketing 114
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Unleashing animal spirits

CFO News

What will make CFOs borrow big and sign cheques for fresh capex? The government is pitching hard for manufacturing but the majority of the companies are going ahead mostly with working capital loans. What will make them invest heavily and push the capex cycle? What kinds of indications are CFOs waiting for?

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Traceability and Scalability in ERP Systems for Food Production

Navigator SAP

When evaluating ERP for food manufacturing , there are many considerations. Two factors that food manufacturers should not overlook, however, are traceability and evaluating ERP scalability for manufacturing as the business grows. A business with less regulatory requirements might only look at areas such as ERP for supply chain and inventory management, but food manufacturers will want to take a deep look at traceability and scalability to avoid headaches down the road.

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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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Inflation ‘bursts’ may exceed Fed’s 2% target due to public debt: Brookings

CFO Dive

Policymakers face several inflationary forces, including rising spending on defense and aging populations, economists said in a Brookings paper.

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U.S. population distribution, 1975-2050

Barry Ritholtz

We sometimes say “Demographics is Destiny,” but that’s abstract. To get a visual sense of what that looks like, see the above chart (via Blackrock ) showing the distribution of various age groups from 2075 to 2050. Note bars in Red are not in the workforce. The post U.S. population distribution, 1975-2050 appeared first on The Big Picture.

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How To Bring A Team Together For A (First-Time, In-Person) Retreat

Nerd's Eye View

For the advisor leading a virtual team, the day-to-day can offer a rewarding blend of flexibility, creativity, and productivity; at the same time, though, many of the benefits of remote work can also make it challenging to build a tight-knit team culture. For example, with flexibility comes fewer synchronous interactions, which in turn can result in less innovation, team bonding, and collaboration.

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Attention investors: Is it time to rebalance?

Tips Watch

By David Enna, Tipswatch.com While returning home from New Zealand a few days ago, I got into an airport conversation with a traveling friend.

Finance 113
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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.

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CFOs prioritize employee compensation in budget allocations, reveals Gartner survey

CFO News

Amidst the financial landscape of 2024, CFOs are intensifying their focus on elevating employee compensation, as revealed by a recent survey conducted by Gartner Inc., reflecting evolving trends in budget allocations and retention strategies.

Budgeting 111
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Tired of Manual Invoice Processing? See How SAP AP Automation Can Save You Time!

Navigator SAP

In this video demonstration, we'll show you the difference between the traditional, manual way of processing invoices in SAP and the power of automating this process using SAP Business Technology Platform (BTP). In this quick demo, you'll see: Manual Invoice Entry : We'll start by demonstrating the time-consuming steps involved in manually entering invoice data, including keying in information and performing three-way matches.

SAP 219
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Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

CFO Dive

Central bank officials upgraded their projection for 2024 growth to 2.1% while predicting unemployment will end the year at 4%.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • The economy is roaring. Immigration is a key reason. Momentum in the job market picked up aggressively over the past year — all while Washington is deadlocked on a border deal ( Washington Post ) • The Errors Tour: How the Pros Bungled the End of Zero Interest Rates : A look at the ways forecasters, traders and executives missed the mark over the past two years.

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From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter

Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage

This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.