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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Trending Sources

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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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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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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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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EU enacts sweeping AI rules with global reach, stiff penalties

CFO Dive

Penalties include up to €35 million or 7% of a company’s total worldwide annual turnover — whichever is higher — for violations of a ban on “emotion recognition” in the workplace.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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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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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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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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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 Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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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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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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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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Audit committees rank cybersecurity as top priority amid SEC crackdown

CFO Dive

Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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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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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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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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Inflation exceeds forecasts, affirming Fed’s caution on initial rate cut

CFO Dive

Futures trading suggested that the odds that policymakers will cut the main interest rate by at least a quarter point on May 1 have plunged to 11% from 52% a month ago.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Why Moving To A Lower-Tax State Doesn’t Always Result In Lower State Taxes On Deferred Income

Nerd's Eye View

Most of the time, people are subject to state taxes in the states where they live and/or earn their income. So when moving to a lower-tax state or another, their income tax burden likewise shifts to the new state along with them. Which is, for example, why so many people opt to move to lower-tax or no-tax states like Florida or Texas in retirement, where they can enjoy lower state income taxes and preserve more of their retirement savings for use by themselves or their heirs.

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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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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.

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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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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.