Sat.Apr 13, 2024 - Fri.Apr 19, 2024

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Retail sales surge as economy enters Q2 spurred by spend-happy consumers

CFO Dive

After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.

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Moving the needle: transformation in finance

Future CFO

In the world of business where change is constant, it is a given that the finance function rides on the waves to maximise benefits for their respective organisations. According to Gartner , it is important that finance leaders fully understand the scope of changes that genuine transformation requires, as it observes that finance transformation efforts are falling short of CFOs’ objectives in large part.

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Trending Sources

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3 Question Types To Go From (Just) Retained To Highly Engaged And Happier Clients

Nerd's Eye View

After advisors do all of the work of bringing on a new client (Marketing! Prospecting! Onboarding! Compliance!), it can sometimes feel natural to let the relationship go into "maintenance mode". And while all may appear well on the surface – the client rarely contacts the advisor with problems but they show up for every annual meeting – they may actually be feeling quite disengaged with the financial planning services being provided.

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The Top 5 ERP System Integrations

Navigator SAP

Integrations are essential components of enterprise resource planning solutions (ERP). ERP systems are broad. They are designed for running a business-end-to-end and encompassing all areas of operations including sales, production, financial management, human resources, and other parts of a business. The way that ERP addresses such a broad range of needs, including not only basic business functions but also industry-specific functionality, is through ERP system integrations.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Google to restructure finance team ahead of AI push: Reports

CFO Dive

The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.

More Trending

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Weekend Reading For Financial Planners (April 20-21)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting for the CFP exam this March, reflecting the value many financial advisors and consumers place on the brand, including the requirements to obtain i

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New 5-year TIPS gets a real yield of 2.242%, 2nd highest in 15 years

Tips Watch

By David Enna, Tipswatch.com The Treasury’s auction of $23 billion in a new 5-year Treasury Inflation-Protected Security — CUSIP 91282CKL4 — resulted a real yield to maturity of 2.242%, the 2nd highest result for this term since October 2008.

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CFOs forecast stronger economy amid stubborn inflation: ACCA, IMA survey

CFO Dive

Top financial executives across North America ranked inflation as their top “risk priority,” ACCA and IMA found in a survey.

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The Top 10 Accounting System Conversion Mistakes to Avoid

CFO Selections

As fractional CFOs and Controllers our team engages with organizations in either a short-term or part-time capacity. One area where we often lend our expertise is in ERP (Enterprise Resource Planning) and MRP (Material Requirements Planning) installations. Properly implementing and managing the accounting and finance elements of these systems requires a depth of financial acumen that is best suited for an experienced CFO to handle because there are wide reaching business implications to consider

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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The Impact of Poor Financial Management on Business Growth

CFO Share

Business management is full of decisions that can either propel your business toward success or pitfalls. The importance of small business financial management cannot be overstated. Knowing why businesses fail financially and learning to avoid these errors early is key to maintaining steady business growth. What are the effects of poor financial decisions?

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I Bond dilemma: Buy in April, in May, or not at all?

Tips Watch

By David Enna, Tipswatch.com With Wednesday’s release of the March inflation report, the buying equation for U.S. Series I Savings Bonds became a bit clearer. We now know the I Bond’s variable rate will fall from the current 3.

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Cyber insurance gaps stick firms with millions in uncovered losses

CFO Dive

An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

Previously in this series, we have explored the big picture regarding How Generative AI is Impacting the Digital Solutions Economy. In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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Employee Experience Expectations

VCFO

Evolving Employee Experience Expectations in 2024 Creating an exceptional employee experience is more than a one-and-done endeavor. As people, markets, and the world around us change, so do employee expectations. Evaluating these shifts and what you need to do to not only create but sustain an optimal environment for your workforce is beneficial to your business.

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NFRA's order reveal multiple lapses by Pathak HD & Associates in Reliance Capital audit; debars audit partners

CFO News

NFRA penalizes auditors of Reliance Capital for oversight failures flagged by Price Waterhouse, imposing bans and fines in response to suspected fraud, revealing gaps in financial oversight.

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The CFO’s role in curbing third-party cybersecurity risk

CFO Dive

With vendor-related cyber risks spiking rapidly, the stakes are too high for CFOs to treat the issue as merely an IT concern, writes cybersecurity consultant AJ Yawn.

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Repurposing Your Content To Enhance Growth: How 1 Piece Of Content Can Cover 6 Different Marketing Tactics

Nerd's Eye View

Growing an advisory firm is no easy task – and advisors who start firms often have few resources to spare (beyond their own knowledge and time), face huge to-do lists, and are required to wear a number of hats. Foremost among their responsibilities is business development, which compels them to seek out prospects who will eventually become clients (so that they can grow their firms, allocate resources accordingly, and do even more financial planning!).

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • This is the most consequential technology in America: (Spoiler alert: It’s YouTube.) It’s the most popular social app and music service, the healthiest economy on the internet and AI training fuel. ( Washington Post ) • What I Learned from Daniel Kahneman.

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The Economy of Election 2024

CFO News

In a report, foreign brokerage Barclays said opinion polls suggest a large victory for the Bharatiya Janata Party (BJP) in the Lok Sabha elections, despite opposition parties contesting as one alliance. “A BJP win would mean policy continuity with fiscal consolidation on track. A larger mandate may allow the party to bring its political and economic priorities on board,” it said.

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NSA sounds alarm on AI’s cybersecurity risks

CFO Dive

Malicious actors on the hunt for sensitive data or intellectual property may be attracted to attack vectors unique to artificial intelligence, the NSA warned.

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#FA Success Ep 381: Helping Clients Go Beyond The Plan To Actually Implement As A Fractional Financial Behavior Officer, With Ashley Quamme

Nerd's Eye View

Welcome back to the 381st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ashley Quamme. Ashley is the Founder of Beyond The Plan, a consulting firm based in Evans, Georgia, that offers a Fractional Financial Behavioral Officer service including consulting and training to advisory firms and even direct meeting support for new or existing clients.

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The New Frontier: A Guide to Monetizing AI Offerings

Speaker: Michael Mansard and Katherine Shealy

Generative AI is no longer just an exciting technological advancement––it’s a seismic shift in the SaaS landscape. Companies today are grappling with how to not only integrate AI into their products but how to do so in a way that makes financial sense. With the cost of developing AI capabilities growing, finding a flexible monetization strategy has become mission critical.

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Update: At the Money

Barry Ritholtz

I wanted to share a few thoughts about the new podcast we formally launched in December of last year, At the Money. The idea behind the show: Short, focused conversations with experts about any and all issues that affect you and your money, from spending it to investing it. Think of it as a guided tour of key ideas, sherpaed with the experts who I believe add enormous value to our understanding of how humans do behave — and should behave — around money.

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Companies need to hire more women at entry level, retain them through their tougher years: Wipro CFO

CFO News

"The percentage of women (in leadership) in organisations is fewer, but it is representative of the fact that the overall percentage of women in the workforce is low. It is crucial that companies have more women at the entry level and then they are able to nurture and retain them through the tougher years.

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Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage

CFO Dive

As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.

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Your Budget is Wrong… and That’s Okay!

CFO Selections

The first thing you need to know when creating a budget is that it is wrong from the start. In the world of accounting and finance, we like things to be precise and tie out neatly. A budget, on the other hand, is meant to be a predictive tool and a roadmap to help you get to where you are going. When you enter an address into your GPS, you often get three to four different routes you can take to get to your destination.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?