Sat.Jul 20, 2024 - Fri.Jul 26, 2024

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Incoming Alphabet CFO Knows The ABCs Of Innovation

Global Finance

Alphabet reached far outside its industry boundaries to recruit its new CFO; Anat Ashkenazi, an Eli Lilly veteran, takes charge of the Google parent’s finances this summer, replacing Ruth Porat, who was promoted to president and CIO. Unusual, yes; the drugmaker and the tech giant have very different lines of business, their cultures are different, and so are their strategic priorities.

CFO 105
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Spotify profit jumps amid ‘early days’ of price increases

CFO Dive

Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.

CFO 267
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The CFO’s role in bridging the value alignment gap

Future CFO

Chief financial officers at present play a vital role in aligning financial strategy with an organisation’s core values and culture. This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.

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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift

Global Finance

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.

Sales 111
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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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Aerospace & Defense Supply Chain – Supplier Trends

VCFO

Finding Success as an Aerospace & Defense Supplier Analyst outlooks for the Aerospace and Defense (A&D) industry point to significant, continued growth as strong travel and communication demand fuel the commercial sector, and a changing military landscape feeds more defense spending. Small- and mid-sized businesses looking to enter or increase their presence in A&D as suppliers should be encouraged by this view, but they will need to act with awareness and intention to find success.

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Navigating SBA EIDL Loans for Small Businesses in 2024

CSC Advisors

Your beloved local business in Florida has just sustained significant damage from a powerful hurricane. The relentless winds and torrential rains battered your premises, flooding the interior and ruining essential equipment. Known for your warm hospitality and essential services, your establishment faces an uncertain future. With repair costs far exceeding your savings, you desperately need financial solutions to rebuild, reopen quickly, and ensure your business thrives after the storm.

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Capital allocation: techniques for maximizing financial returns

Cube Software

What is capital allocation? Capital allocation is the process of distributing a company’s financial resources among various projects, departments, or investments. This involves choosing where to spend money to achieve the best returns and support the company’s strategic goals.

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How does a CFO Help in a Business Valuation?

CFO Selections

A business valuation is a critical component of securing a company’s future. Whether it’s done as part of a business sale, merger agreement, litigation proceedings, investment negotiation, succession planning, estate planning, or in compliance with financial regulations, a company valuation gives all included parties reliable information about a business’s financial worth and risk level to aid in strategic decision-making.

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What is Net Revenue Retention and How to Calculate It?

The Finance Weekly

You're a business owner looking to expand your business by encouraging existing customers to spend more on your business. Let’s say you hand them out a loyalty card. Every time they buy something from your store, they rack up points. These points add up throughout the year, rewarding them with tokens from you. This is where Net Revenue Retention (NRR) comes into play.

Finance 98
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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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7 CFO tips for yielding high ROI during the rush into generative AI

CFO Dive

Financial executives willing to chance big spending on generative AI can take steps to reduce risk and seize the payoffs.

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Experiential Shopping and the Role That Omnichannel Retail Solutions Play

Navigator SAP

As a man of the Millennial generation, I rarely visit brick-and-mortar retail stores. But there I was at a shoe store in New York City because Nike was letting me design a custom red shoe via its Nike by You retail program. I was making the shoe through Nike’s website, but I was getting ideas and visualizing how my creation would look through virtual reality technology at one of the company’s brick-and-mortar stores.

Retail 237
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First Income Tax In GCC Approved By Oman’s Parliament

Global Finance

Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as the sultanate ramps up efforts to boost revenue and diversify its economy away from hydrocarbons. The draft law, approved by Oman’s Parliament in July, has been sent to the State Council for final approval, a decision analysts say is highly anticipated.

Budgeting 119
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Investment Manager Selection Is Hotting Up. Are You Ready for the Tough Questions?  

CFA Institute

Investment managers are being caught off guard by tougher questions from an increasingly sophisticated allocator market. Are you prepared for your next beauty parade?

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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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Many CFOs still in early phase of digital transformation: McKinsey

CFO Dive

Finance teams are grappling with roadblocks such as demanding workloads, a lack of relevant capabilities and insufficient resources.

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At The Money: Behavior Beats Intelligence

Barry Ritholtz

At The Money: Behavior Beats Intelligence (July 24, 2024) We focus most of our investing efforts on information and knowledge. But is that where we generate the highest ROI? As it turns out, managing your behavior has a much greater impact on your returns than does any single data point. Full transcript below : ~~~ About this week’s guest: Morgan Housel is a partner at the Collaborative Fund and author of “ The Psychology of Money: Timeless lessons on wealth, greed, and happiness.

Math 109
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The Philippines: New Samurai Bond Issue’s Political Backdrop

Global Finance

The Philippines is looking to Japan to partially finance its ballooning debt as Manila moves to strengthen ties between the two countries. The Department of Finance (DoF) says it is exploring issuing yen-denominated, or samurai bonds alongside or in place of conventional US-dollar bond issuance. Government debt has mushroomed in recent years, hitting 15.3 trillion pesos—around $264 billion in May—according to Bureau of the Treasury estimates.

Treasury 119
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Is Widespread Crypto Adoption Inevitable?

CFA Institute

New technologies always face resistance, but demographic shifts imply there is a fierce tailwind behind crypto adoption, politically, economically, and financially.

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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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KKR-backed OneStream sees $4.6B valuation following $490M IPO

CFO Dive

The company will continue to invest in machine learning, AI and new products such as demand forecasting tools following its $490 million IPO, CFO Bill Koefoed said.

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FinOps rapidly develops, research finds

Future CFO

Financial operations, a management practice promoting shared responsibility for an organisation's cloud computing infrastructure and costs, has been rapidly developing, with established vendors from various management disciplines and new specialised start-ups, according to a recent research by independent analyst and consultancy firm Omdia. The study indicates that the cloud has experienced significant growth in both scope and scale over recent years, as numerous organisations turn to leverage i

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China’s BYD Races Ahead With New Plants In Emerging Markets

Global Finance

BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe railing against its disruptive effect on their domestic markets. In the last month, the buccaneering firm has made major plant announcements in Thailand and Turkey as it doubles down on competing with its US and European Union rivals.

Marketing 111
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Weekend Reading For Financial Planners (July 27-28)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Charles Schwab's latest RIA benchmarking study shows that firms saw significant AUM growth in 2023, thanks in part to strong equity market performance, but also thanks to organic growth initiatives that brought in additional assets from new and existing clients.

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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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Judge deals major blow to SEC’s cybersecurity enforcement stance

CFO Dive

“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

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Healthcare CFOs turn to more comprehensive approaches to boost profitability

Future CFO

A Deloitte research showed that health care finance leaders are looking beyond cost reduction to stabilise and grow operating margins. Amid the struggle of the health care industry with profitability for the past decade, which intensified since the start of the COVID-19 pandemic, organisations' efforts have been hindered to achieve their mission of delivering innovative, high-quality, equitable, and affordable care.

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Best Treasury And Cash Management Providers 2024: Systems And Services

Global Finance

Treasury keeps up with the dynamic payments environment. As the dynamic payments landscape presents both challenges and opportunities for corporate treasury, it’s unsurprising that financial institutions are finding new ways to help treasurers leverage new payments trends to improve efficiency, manage risk, and support business growth. Banking Circle is the winner of our award for Best Embedded Treasury Solution, providing the core financial infrastructure that allows businesses to build and off

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Evolving From Dysfunctional Team To Advisory Dream Team To Improve Retention And Attract Better-Fit Clients

Nerd's Eye View

Although many advisory firms start out with a single person handling all the work of advising clients, bringing in new business, and managing operations and compliance, there's a limit to how many hours any one person can work, which also means that there's a cap on the amount of client growth a solo advisor can achieve before running up against their capacity limit.

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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.