February, 2024

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AI dominates CFOs’ 2024 budget hike plans

CFO Dive

The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

Budgeting 307
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PodChats for FutureCFO: The evolving partner role of finance in 2024

Future CFO

In recent years, the role of chief financial officer (CFO) has never been more challenging as it is fulfilling for those who hold this position. From geopolitical uncertainties to changing market dynamics, from technological innovations that are paving the way for new business models, and from calamitous weather disturbances that are reminding business leaders about the importance of addressing climate change today for a sustainable future tomorrow, the CFO has an important seat in directing the

Finance 98
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Trending Sources

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Project Titan(ic)

Corporate Finance

In 2014, Apple was rumored to have approved Project Titan, Apple's development of an electric car. In 2015, Apple formally introduced the new project. At its height in 2018, Project Titan employed 5,000 people. Now, nearly a decade later after it started, Apple announced that it is shutting down Project Titan, the option to abandon. With shrinking demand for electric cars, Apple must have believed that spending more money on the new car isn't worth the payoff, even though Apple has probably alre

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Paytm crisis: The silence of the board

CFO News

RBI has defended its action against Paytm Payments Banks and the countdown has begun. But why did Paytm payments Bank board members keep quiet? What if RBI would have invited a board and chosen a different path? Here is my note.

Banking 105
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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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PwC veteran talks cracking the IT, finance silos

CFO Dive

Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.

Finance 283

More Trending

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The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. While I will use the "Magnificent Seven" moniker attached by these companies by investors and the media, my preference would have been to call them the Seven Samurai.

Marketing 141
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All-Time Highs Are Historically Bullish

Barry Ritholtz

A quick note to answer this question: What happens after markets make a new all-time high (after a year w/o one)? Check out the table above, via Warren Pies. He spoke with Batnick and Josh earlier this month. Going back to 1954, markets are always higher one year later – the only exception was 2007. That was after housing had peaked, subprime mortgages were defaulting, and the great financial crisis was about to start.

Economics 139
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NYCB Dividend Cut

Corporate Finance

Normal 0 false false false EN-US X-NONE X-NONE Banks stocks are generally affected by interest rates and New York Community Bancorp (NYCB) is no different. NYCB has a large amount of loans tied to New York City apartments and commercial real estate. With high interest rates, New York City rent control policies, and changing demand for commercial real estate in New York City, investors are concerned about the bank's future performance.

Banking 130
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NCLT clears IndusInd International's Rs 9,650 crore bid for RCap; lenders to take 63 pc haircut

CFO News

IndusInd International Holdings had submitted its plan in June 2023 in the second round of bidding for the debt-laden company that was originally promoted by Anil Ambani.

Planning 143
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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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CEO optimism hits two-year high as inflation cools: Conference Board

CFO Dive

More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.

Economics 307
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How ERP Supports Lean Management Manufacturing

Navigator SAP

There are many ways to drive profitability in manufacturing, but one of the most widely used is the lean manufacturing methodology which focuses on cutting unneeded processes for a focus on what really matters for production. The use of a manufacturing execution system in resource planning, specifically an enterprise resource planning solution (ERP), helps manufacturers achieve the goals of a lean approach.

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How to put finance business partnering puzzle together?

Fpanda Club

Finance business partnering is not a new concept and has been around for a while. Well, not just for a while, for more than 60 years. “ The success …depends on the extent to which finance men are capable of looking outside finance and playing an active, rather than a passive, role in the business. ” — S. R. Harding, F.C.A., (Royal Dutch/Shell Group), 1963.

Finance 130
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At the Money: Is War Good for Markets?

Barry Ritholtz

 At the Money: Is War Good for Markets? (February 14, 2024) What does history tell us about how war impacts the stock market? What is the correlation between geopolitical conflict and inflation? Can these patterns inform us of future bull market behavior? In this episode, I speak with Jeffrey Hirsch about what happens to equities after global conflicts.

Marketing 126
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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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Long-time I Bond investors face a tax time bomb

Tips Watch

By David Enna, Tipswatch.com U.S.

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RBI holds repo rate steady at 6.5%, forecasts 7% GDP growth and 4.5% Inflation for FY25

CFO News

The RBI maintains another pause and keeps the rates unchanged at 6.5 per cent in the monetary policy which began on February 6 and concluded on February 8.

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Inflation edges up, pushing back forecast of first Fed rate cut

CFO Dive

Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

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The Benefits of Cloud ERP for Growth-Focused Companies

Navigator SAP

Some startups grow over time. Others move fast and chase the unicorn status of a $1 billion valuation like sustainable shoe manufacturer, Rothy’s. For slow-growth businesses, there are many options for backend IT systems. But for fast-growing companies that are growth-focused, there really is only one path: cloud-based ERP. Enterprise resource planning solutions (ERP) are the backbone of most businesses today, and for obvious reasons.

Valuation 267
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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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978: From Silicon Roots to Global Routes | Jeff Woolard, CFO, Velocity Global

CFO Thought Leader

Looking back at his 26 years at Intel Corp., Jeff Woolard has more than a few moments of important discernment from which to choose when we ask for a single finance strategic moment. Nevertheless, without hesitation, he takes us back in time to when the giant chipmaker was experiencing a recurring mismatch between the products that it was developing and the market’s purchasing trends—specifically in the PC sector. “If you were to map both what people wanted to buy and what we were bu

CFO 105
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U.S. Technology Adoption, 1900-2021

Barry Ritholtz

A century of tech adoption in 30 seconds click for animation Source: Blackrock The post U.S. Technology Adoption, 1900-2021 appeared first on The Big Picture.

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Let’s check in on the I Bond’s next fixed rate

Tips Watch

By David Enna, Tipswatch.com Earlier this year, I think most I Bond investors were assuming that the I Bond’s next fixed rate would end up being lower than the current 1.30%, the highest fixed rate since November 2006.

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RBI extends Interest Equalisation Scheme for Export Credit Until June 30

CFO News

The decision to extend the scheme comes after the Union Cabinet approved an additional allocation of Rs 2,500 crore in December, ensuring the continuation of the interest equalisation subsidy scheme on pre- and post-shipment rupee export credit until the end of June.

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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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IRS to collect $561B more in tax revenue with new enforcement funds

CFO Dive

The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.

Treasury 301
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6 Ways ERP Production Planning Helps Manufacturers

Navigator SAP

Few areas impact a manufacturer more than efficient production planning, and few tools are better for production planning than an enterprise resource planning solution (ERP). Manufacturers that use an ERP for industrial manufacturing can precisely analyze and juggle the variables that go into efficient production planning, and ERP for industrial product manufacturing is a cornerstone technology for a lean manufacturing methodology.

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Navigating treasury trends in 2024: challenges, strategies, and the role of technology

Future CFO

The year 2024 brings a landscape of unprecedented challenges and opportunities for corporate treasurers. From the ongoing global conflicts to the lingering effects of high inflation, corporate finance professionals are gearing up to navigate an environment marked by volatility and uncertainty. Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management.

Treasury 105
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CPI Shelter Measures: 6-12 Month Lag

Barry Ritholtz

Last month, I mentioned that CPI inflation measures were based on lagging BLS measures of Owners’ Equivalent Rent (OER). BLS highlighted housing prices, headlining the CPI report as “CPI for all items rose 0.3% in January; shelter up ” As the chart above shows, Shelter was 2/3rds of the increase in the most recent. ( Chart thanks to Michael McDonough ).

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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.