Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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CFO Challenges to Watch out for in 2023

The Finance Weekly

2022 was another challenging year for businesses worldwide. While some of the old challenges of 2020 and 2021 are still lingering, this year brought a list of new difficulties as well. For CFOs, 2023 will be a challenge not only in their direct role as head of finance, but also in how they help set the budget and tone for the rest of the company. Here are 5 of the biggest challenges that CFOs face in the upcoming year and how they can help lead the company in the right direction. 1) Inflation.

CFO 52
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Modern Financial Reporting & Analytics: The Path to Business Success During Times of Volatility

Centage

Why Accurate and Granular or Detailed Financial Reporting is Imperative During Times of Volatility. Business moves at a fast clip, whether during times of economic expansion or times of uncertainty like we are experiencing today. Often, CFOs and executive teams put together a plan that represents a snapshot of what they believe will happen, based on the best data they have available at the time.

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What’s Next for CFOs? Setting the Finance Function Up for Success in 2023

CFO Leadership

CFOs have positioned themselves as key contributors to the enterprises’ strategy and in C-suite and boardroom discussions. Now, as these leaders shift more attention toward preparing for the future, they need to continue to drive business forward with data-driven insights. Here are resources from Robert Half and Protiviti to help you prepare your finance function for the road ahead. 2022 Global Finance Trends Survey.

Finance 98
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Inflation slows, validating Fed plans for half point rate hike

CFO Dive

Fresh data show that the Fed is making progress in its fight against inflation and may pause its policy tightening early next year.

Planning 274
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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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14 Best Compound Interest Investments (Accounts for 2022)

CFO News Room

Chances are, you’ve heard someone mention the term compound interest , at some point. But do you know exactly what it is and how it can benefit your investments? And just as important, do you know where to find the best compound interest investments? Whether you are an active investor or an aspiring one, it’s crucial that you understand how compounding works.

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5 Books to Stuff Your Stocking This Holiday Season

CFO Alliance

The post 5 Books to Stuff Your Stocking This Holiday Season appeared first on CFO Alliance.

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Where Are All The Proudly Premium-Fee Advisors?

CFO News Room

Executive Summary. For the better part of a decade, the financial services industry has anticipated the coming of fee compression, mainly due to the rise of robo-advisors offering low-cost automated wealth management services. Yet even though fee compression has not been fully realized to the extent the industry has generally expected, lower cost robo-advisor services have still compelled financial advisors to maintain relatively low fees.

Math 130
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New CFO shares first-timer tactics

CFO Dive

Jeremy Klaperman advises new CFOs to establish a wide range of connections and to seek potential over knowledge when hiring talent.

CFO 321
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Financial Statement Audit: Tips & Insights on Tackling Your First-Year Audit

Embark With Us

As a business leader at a growing company, a financial statement audit probably isn't top-of-mind right now. After all, you also have to grow revenue, manage day-to-day operations, and navigate a pretty volatile marketplace.

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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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Why Startups Need More Than Accounting Software for Financials

Navigator SAP

There are typically three phases of a startup’s financial management journey.

Startups 241
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12 Best Paying Jobs in Finance in 2023

CFO News Room

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. And while there’s no guarantee that any job will be immune to cutbacks or layoffs, some industries weather economic storms better than others. One industry that tends to be recession-resistant is finance. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes.

Finance 130
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PwC tackles blockchain’s carbon footprint

CFO Dive

A standardized method to evaluate the carbon footprint of blockchain initiatives could help CFOs meet sustainability targets.

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What the Fed Gets Wrong

Barry Ritholtz

There seems to be a lot of confusion going on today with respect to inflation, interest rates, and ongoing Federal Reserve policy. A framework for exploring this has many parts: What the Fed (obviously) knows, how it express those views through police like FOMC rates, ZIRP, QE, QT, etc. There remains the question of what the Fed is actually wrong about. 1 .

Economics 124
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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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SAP Business ByDesign: Setting the Record Straight

Navigator SAP

The future plans for the SAP Business ByDesign solution are strong. A recently published article has unfortunately painted an inaccurate picture of SAP's commitment to the Midmarket and Small and Medium Enterprise clients that are the right fit for a mature, stable and flexible cloud-based ERP system.

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Inflation is easing: Fed should slow rate hikes

CFO News Room

Posted December 13, 2022 at 11:53 am by EPI Staff. Inflation numbers out Tuesday are encouraging, providing more evidence that any movement to continue raising interest rates at breakneck speed and potentially slow the economy needs to be squashed. The Consumer Price Index (CPI)— released by the U.S. Bureau of Labor Statistics —rose 0.1% in November, and the all-items index increased 7.1% year-over-year.

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‘Bleisure’ travel pays off in ROI

CFO Dive

Combining business and leisure travel may lead to employee retention, according to Hilton executives.

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Indian IT could bag a big slice of $160 billion tech deals in Q1 2023

CFO News

The value of the new deals could amount to nearly a fifth of the global IT services business valued at $800 billion, according to Ray Wang, founder of Silicon Valley-based Constellation Research.

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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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Your Co-Investors in BREIT

Barry Ritholtz

In this week’s podcast, I chatted with Kathleen McCarthy , Global co-head of Blackstone Real Estate. 1 We recorded this on November 30 th , before all the news broke on the BREIT liquidity gates. But I am very familiar with the product. RWM is a discretionary RIA, which primarily invests in stocks and bonds via ETFs, Mutual Funds, and Direct Indexing.

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Fed Slows Pace of Rate Hikes

CFO News Room

The Federal Open Market Committee (FOMC) increased its federal funds rate target by 50 basis points on Wednesday, a smaller increase than in recent meetings. The target inflation range is now 4.25 to 4.5 percent. The FOMC has increased its target rate by 425 basis points this year. . “Having moved so quickly and having now so much restraint that’s still in the pipeline,” Federal Reserve Chair Powell told reporters at the post-meeting press conference , “we think that the appropriate thing to do

Economics 130
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FASB forges ahead on crypto disclosure requirements

CFO Dive

The board was effectively silent on the collapse of crypto exchange FTX last month but it forged ahead on its ongoing project to set new standards for digital assets.

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What Can AI Do for Investment Portfolios? A Case Study

CFA Institute

One AI equity trading model hints at the technology's potential to transform investment management.

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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.

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This Week on TRB

The Reformed Broker

This past week we stayed at the Post Oak in Houston, one of the top ten hotels in America, supposedly 6 or 7 stars – and let me tell you, that place was opulent. More marble in one building than anywhere I’ve ever been, save for perhaps the Vatican. Billionaire hospitality guru Tilman Fertitta, the hotel’s owner, furnished this place as though he would actually live there – and he does.

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The U.S. Poverty Rate Hit A Record Low — But Don’t Expect It To Stay That Way

CFO News Room

This video is part of our series “The Numbers That Defined 2022.”. Transcript. One of the most important numbers of the year that you might not have heard of is 7.8 percent. That’s the share of Americans who were living in poverty in 2021, according to the most recent supplemental poverty rate , which was released by the U.S. Census Bureau in September of 2022.

Numbers 130
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New York Times CFO to retire in 2023

CFO Dive

The New York-based national news company says farewell to Roland Caputo as he plans to retire after 36 years.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Why You Should Enable Apple’s New Security Feature in iOS 16.2 Right Now : Apple just rolled out iOS 16.2, a software update that includes a key new feature called Advanced Data Protection for iCloud. That means you can finally enable end-to-end encryption for your iCloud backups so no one but you—not even Apple—can access your iCloud data. ( New York Times ). • The FUD Behind the Crypto Collapse : Sam Bankman-Fried and Binance’s Changpeng Zhao were ostensible partn

Economics 110
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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.