January, 2024

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6 essentials for CFOs aiming to rise to CEO: McKinsey

CFO Dive

Corporate boards in the past decade have increasingly turned to CFOs to fill the CEO seat. McKinsey has highlighted the attributes boards seek in a chief executive.

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PodChats for FutureCFO: Talent strategies for the finance function for 2024

Future CFO

Talent shortage continues to persist in many parts of the world including Asia. In Singapore, for example, the shortage of accounting staff is most felt by small accounting firms that struggle to compete with the Big Four accounting firms. A Gartner survey of finance function employees revealed some interesting problems faced by both employers and employees in the finance function.

Finance 98
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Trending Sources

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Is It Time to Work With an Outsourced CFO?

Beacon CFO Plus

When CFO Services Become a Strategic Imperative In the ever-evolving business landscape, the decision to bring in external expertise can have a major impact on your success. Regardless of your business’s size or industry, there comes a point where engaging with an outsourced CFO becomes necessary. Here are a few examples of when it may be time to work with a fractional CFO either part-time or on a project-by-project basis.

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Sending (Private) Client Newsletters: How Advisors Can Do It Effectively To Reinforce Value

Nerd's Eye View

For financial advisors, an ongoing client service model often means finding ways to keep clients engaged and progressing toward their goals outside of the 1 or 2 typical client review meetings each year. For clients, more frequent communication can be a source of behavioral coaching and helpful information that can better equip them to stay the course through rocky markets.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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36% of companies plan to raise pay in 2024 amid tight labor market: BDO

CFO Dive

Although the job market has shown signs of cooling in recent quarters, CFOs aim to increase compensation this year to attract and retain employees.

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Budget 2024: Tax reforms and industry empowerment in spotlight for startups

CFO News

As the interim Budget for the fiscal year 2024-25 approaches, startup CFOs converge with a shared vision, advocating transformative measures. From tax reforms to industry empowerment, their expectations collectively shape India's dynamic startup landscape.

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The Benefits of Cloud ERP for Financial Planning & Analysis

Navigator SAP

Thoughtful financial planning and analysis (FP&A) is at the heart of successful business operations today, more so than in the past thanks to the emergence of robust analytical engines, artificial intelligence, and the dynamic marketplace brought on by global supply chains and greater availability of real-time data.

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I Bond buying guide for 2024: Be patient

Tips Watch

By David Enna, Tipswatch.com If you are a longer-term investor looking for ultimate safety and protection from inflation, you are going to want to buy U.S.

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Cost pressures continue to ease

Future CFO

Cost pressures continue to ease according to accountants worldwide, but remain elevated by historical standards, said ACCA recently. The ACCA and Institute of Management Accountants (IMA) Global Economic Conditions Survey (GECS) shows declining confidence among accountants globally for the third consecutive quarter in Q4 2023, consistent with a further moderation in global growth.

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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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The School Bell Rings: Time for Class!

Musings on Markets

Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting in a couple of weeks, I would like to invite you, if you are interested, to come along for the ride. I know! I know! Most of you are not enrolled at NYU, paying nosebleed prices, and that is prerequisite to be in the classroom, but thanks to technology and a loose reading of the rules that constrain me, you can get a close approximation of the classroom experience, wherever you are in the world, wi

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76% of companies link pay to ESG performance in rising trend: WTW

CFO Dive

The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

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Global business leaders hail PM Modi's vision amid rollout of investment plans

CFO News

Global business leaders hailed Prime Minister Narendra Modi's vision of a developed India as they unveiled their investment plans for the country at the 10th edition of Vibrant Gujarat Global Summit 2024 which was inaugurated by the PM on Wednesday.

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Industrial Manufacturing Solutions: Achieve Cost-Effective Transformation

Navigator SAP

Environmental, social, and competitive trends challenge industrial manufacturers today. While making things still is at the heart of industrial manufacturing, the complexity has increased. Industrial manufacturers need to evolve.

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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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Are You Bullish or Bearish in 2024?

Barry Ritholtz

What are the Bull and Bear cases for 2024? I don’t do annual forecasts1 because the short-term is way too random. Instead, I prefer to consider market history and recent data, and ask “What are the possible and probable outcomes for this year?” I find it very useful as an investor to be able to see both sides of the bull-bear debate.

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Thursday’s 10-year TIPS auction: Is it a must buy?

Tips Watch

By David Enna, Tipswatch.com Here’s a strange fact: Despite the surge higher in 10-year real yields over the last 16 months, no new-issue TIPS of this term has received a coupon rate of 1.50% or higher since July 2009.

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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

In January 1993, I was valuing a retail company, and I found myself wondering what a reasonable margin was for a firm operating in the retail business. In pursuit of an answer to that question, I used company-specific data from Value Line, one of the earliest entrants into the investment data business, to compute an industry average. The numbers that I computed opened my eyes to how much perspective on the high, low, and typical values, i.e., the distribution of margins, helped in valuing the co

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Bankruptcies surge 18% in 2023 as more distress looms

CFO Dive

The rise in business failures was one of the darker pieces of last year’s economic puzzle.

Economics 325
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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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Deloitte in eye of storm as SEC probes Tingo for $470 mn scam, experts call for greater oversight to protect Indian investors

CFO News

Auditing firm Deloitte has once again been caught in the eye of the storm of regulators.

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SAP's Business Technology Platform (BTP) for mid-market customers and partners

Navigator SAP

Rainer Zinow, Senior Vice President of Product Management for small and mid-sized enterprises SAP SE, describes the SAP Business Technology Platform as an integral part of SAP's mid-market solution portfolio. While using BTP to build SAP applications, partners adopt BTP to publish on intellectual property. This video includes ideas on how large language models and vector databases may improve software development efficiency.

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State Coincident Indicators Slipping

Barry Ritholtz

I am popping out of book leave to share this single data point that snuck out over the holidays: The Federal Reserve Bank of Philadelphia’s State Coincident Indicators for November 2023. I like the SCI – its broad, consistent, and does not operate with too big of a lag. Over the past three months, the indexes increased in 25 states, decreased in 21 states, and remained stable in four, for a three-month diffusion index of 8.

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10-year TIPS auction gets real yield of 1.810%, an attractive result

Tips Watch

By David Enna, Tipswatch.com That worked out well.

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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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Advisors Are Becoming Better (Not “Faster”) With Advances In #AdvisorTech

Nerd's Eye View

For financial advisors, the promise of technology has always been to help advisors better leverage their time to grow their business. One possible way to do this is to use the time savings of technology to serve a higher number of clients. However, another approach advisors can take is to use their technology to do more – and better – work for the same number of clients while earning higher fees for the higher-value services they provide.

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CFO optimism rises on outlook for 2024 economy: Fed

CFO Dive

Financial executives expect solid business performance in 2024, forecasting on average 5% revenue growth and a 2.7% expansion in payrolls.

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India's manufacturing PMI softens to 18-month-low at 54.9 in Dec: Report

CFO News

India's manufacturing sector sustained growth at 54.9 in December, an 18-month low. Despite this dip, softer increases in orders, controlled inflation and stable employment showcase resilience. Optimistic outlook prevails for the future.

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SAP ERP for Medical Device Manufacturers

Navigator SAP

Medical device manufacturers face similar challenges, whether engaged with Medical Device Production , BioPharma & Nutraceuticals , Contract Development & Manufacturing , or Biotechnology. They all face dynamic product lifecycles from development and clinical trials through to distribution and revenue, and a demanding regulatory environment that requires tracking everything.

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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.