Sat.Mar 09, 2024 - Fri.Mar 15, 2024

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The CFO, Digital Transformation and AI

Future CFO

One of the buzzwords in the industry over the last few months has undoubtedly been: artificial intelligence (AI). There have been countless insights addressing the future of AI in financial and digital transformation. The central theme for CFOs is the need for finance leaders to primarily trust in their systems and data outputs, proactively address emerging risks, and identify the right talent in order to capitalise on the promise of AI and these transformational systems.

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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. We emphasized the importance of communication, setting priorities, and the initial avoidance of hasty decisions.

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How GenAI can aid in finance transformation

Future CFO

Generative artificial intelligence , or GenAI, can create valuable opportunities to support finance transformation. In this demo video, PricewaterhouseCoopers shares a few use cases and patterns that impact the finance function. The post How GenAI can aid in finance transformation appeared first on FutureCFO.

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The 5 best financial projection software solutions

Cube Software

Criteria for selecting financial projection software Financial projection software is a tool or platform designed to help businesses forecast their future financial performance based on historical data, current trends, and various assumptions about the future. These software solutions allow users to model different financial scenarios, assess potential outcomes, and make informed decisions about their business strategies.

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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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At the Money: How To Know When The Fed Will Cut

Barry Ritholtz

At the Money: How To Know When The Fed Will Cut with Jim Bianco (March 13, 2024) Markets have been waiting for the Federal Reserve to begin cutting rates for over a year. What data should investors be following for insight into when they will begin? Jim Bianco discusses initial unemployment claims data and wage gain to identify when the Fed will start lowering rates.

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More Trending

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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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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.

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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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SEC busts company behind $300M crypto Ponzi scheme targeting Latinos

CFO Dive

Under the leadership of Gary Gensler, the SEC has intensified efforts to protect investors involved in what he calls the “Wild West” of crypto assets.

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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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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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India poised to achieve upper-middle-income status by 2036, says India Ratings

CFO News

Ind-Ra anticipates India entering the upper-middle-income category between fiscal years 2033 and 2036, with the $15 trillion economy goal set for fiscal years 2043 to 2047.

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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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Minnesota bill with 120-hour CPA path inches forward

CFO Dive

The Minnesota bill would allow future certified public accountants to sidestep the need for a fifth year of college. It is controversial.

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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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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.

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GST compensation cess: What are the options before the govt after it is discontinued

CFO News

The upcoming GST Council meetings are expected to delve into these options, with potential complexities and challenges lying ahead as the government navigates the intricate terrain of GST compensation cess reforms.

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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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Joann approves $400K CFO retention bonus amid bankruptcy speculation

CFO Dive

The struggling craft supplies retailer approved the bonus as it continues its hunt for a permanent CEO while facing liquidity and inventory challenges.

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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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Talent retention in Southeast Asia: Accountants as valuable assets

Future CFO

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte. A Gartner survey of finance function employees revealed that 84% of finance employees asked have less engagement and less interest in going above and beyond than their peers and other functions.

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India's economy reflecting mid 2000 boom

CFO News

During the period from 2003 to 2007, India experienced an average GDP growth rate of approximately 8.6%, with inflation averaging at 4.8%. Here is my note based on Morgan Stanley’s report.

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How Advisors Can Get Client Referrals Identifying “Active Promoters”

Nerd's Eye View

Referrals can play a vital role in the growth of financial advisory firms since finding prospective clients via referral requires virtually no hard-dollar costs, and it takes only a fraction of the time needed for other marketing channels like social media, blogging, and seminars. However, finding reliable sources of referrals can sometimes be challenging for advisors: Centers of Influence (COIs) like accountants and attorneys may not be as attuned to the advisor's services as the advisor's clie

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Rockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’

CFO Dive

Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.

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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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ExecOpinion: Go all in, engage and don’t hold back

Future CFO

A Forbes article suggests that 2024 will be tough for everyone. FutureCFO discourse with finance and business leaders echoes the same sentiment. But even as leaders brace for the possibility of harder times ahead, a more important issue is recognising the need of workers for a sense of belonging. In recognition of the continuing importance of diversity and inclusion in the workplace, FutureCFO continues to reach out to women leaders on their experiences, strategies and learnings on their journey

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Top auditors stop offering non-audit work to clients

CFO News

Top audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit services to audit clients. This move aligns with the NFRA's strict stance on conflict-of-interest issues. EY affiliate SR Batliboi & Co is the only top firm still providing such services. This change comes amid global pressure for auditors to maintain independence and avoid conflicts of interest.

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How Advisors Can Get Client Referrals By Identifying “Active Promoters”

Nerd's Eye View

Referrals can play a vital role in the growth of financial advisory firms since finding prospective clients via referral requires virtually no hard-dollar costs, and it takes only a fraction of the time needed for other marketing channels like social media, blogging, and seminars. However, finding reliable sources of referrals can sometimes be challenging for advisors: Centers of Influence (COIs) like accountants and attorneys may not be as attuned to the advisor's services as the advisor's clie

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Lack of C-suite trust puts focus on transparency, coordination: PwC

CFO Dive

Building trust in the C-suite requires a “common view of prioritization,” PwC’s Wes Bricker said.

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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.