Sat.Feb 25, 2023 - Fri.Mar 03, 2023

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6 reasons to reconsider cost optimization

CFO Dive

CFOs can remind business leaders that they have more cost optimization strategies to consider.

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What if Dunning Kruger Explains Everything?

Barry Ritholtz

Physics has been seeking a grand “ Unified Field Theory ” that can explain everything in the universe. I sometimes wonder if we cannot find a similar overarching theory about all bad decision-making. The closest I have found as that single point of failure is the Dunning Kruger effect. Recall last week , we were discussing thinking about the impact of retiring Baby Boomers on the equity markets and of rising rates on housing.

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Trending Sources

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Accounting talent crunch persists

CFO Dive

As accountants and CPAs increasingly battle with burnout, the pool of talent for the industry is getting smaller.

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Short-term Treasurys: Is it time to go out a little longer?

Tips Watch

Yields could continue to rise, but it may be time to think longer term. By David Enna, Tipswatch.

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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.

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Financial services’ AI appetite grows, study says

CFO Dive

Top uses for AI in the financial services sector include ‘next-best action’ systems; portfolio optimization; and fraud detection.

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More Trending

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The Joke

The Reformed Broker

Act I Our hero Josh Brown spends a decade working at a succession of third-tier brokerage firms on Long Island and in New York City. He’s in his early twenties and knows less than nothing about stocks, bonds, mutual funds, investing, the economy, financial advice or anything else germane to the profession. He works for thieves, hustlers, well-meaning know-nothings and the morally compromised, men who will say and se.

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Capricorn Energy slots in interim CFO

CFO Dive

The British oil and gas producer tapped its director of finance as acting CFO. Its board also commenced a “strategic review” of the company’s assets, cost base and future business strategy.

CFO 231
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Utilize Data & Analytics to Improve Supply Chain Efficiency

Navigator SAP

A supply chain--by definition--has a lot of moving parts. It covers everything from the raw materials to the workers creating a product to the final delivery of goods to the consumer. For a business, keeping that chain operating smoothly is fundamental to the firm’s existence.

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Rent Increases by County

Barry Ritholtz

Fascinating dive into rent increases on a county by county basis via USAFacts: Rents rose in 58% of all counties nationwide between 2020 and 2023. Data shows that rents rose and dipped between neighboring zip codes. Housing prices jumped during the COVID-19 pandemic as remote work caused many Americans to reconsider their living situations. Rent prices also rose, with inflation-adjusted median rent growing from $1,163 in 2019 to $1,191 in 2021, according to the US Census Bureau.

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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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Raymond CFO targets high double-digit growth in FY24; says order book full till July

CFO News

The finance leader has plans to continue focusing on reducing debt to turn the company become completely debt free by 2025 through free cash flows from focused revenue growth, as well as effective working capital management.

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Unlocking the ‘right’ combination to digital transformation

CFO Dive

Only 34% of large companies showed signs of being strategic about their technology investments in financial disclosures, according to a recent report from Deloitte.

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204: Ehsaan Moosa

CFO Talks

1X ‘ It’s not how well you talk, it’s about the work you put in’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za and join our community of accounting and finance executives.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • How to Print Money : Cash may seem old-fashioned these days — but in much of the world, cash is still king. The process of making money requires teams of experienced designers and engravers who etch the plates with portraits, vignettes, lettering and ornamentation. The designs are crafted with both aesthetics and security in mind. ( New York Times ) • Apartment Rents Fall as Crush of New Supply Hits Market : Declines signal tenants may be maxed-ou

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Talent crunch remains a crisis for 9 out of 10 accounting and audit firms globally: Report

CFO News

According to the Caseware International survey report, firms are adopting new technologies at a rapid pace to attract and retain talent, connect with clients and increase insights.

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Avoiding operational lag in hiring plans

CFO Dive

Midsize businesses are still looking to grow headcount despite macroeconomic challenges, but in order to do so effectively, they need to have a thorough headcount management plan in place, according to TeamOhana’s CEO.

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How Excel Spreadsheets Cause Businesses to Lose Historical Data and How to Avoid It 

Centage

Excel is a standard tool in many offices. Data analysts rely on spreadsheets to compile and house data while using features to create essential visual elements, like graphs and charts. Though Excel is convenient and easy to use, it has many downsides, including causing your company to lose a vital resource — your historical data. Keep reading to discover why your historical data is essential and how you can protect it.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week, Non-NonFarmPayroll, morning train WFH reads: • American workers aren’t returning to the office like their international counterparts—here’s why : Even as people got vaccinated and Covid restrictions eased over the years, U.S. office occupancy remains stagnant around 40% to 60% of pre-pandemic levels, Meanwhile, office attendance has returned to 70% to 90% in Europe and the Middle East, and around 80% to 110% in some Asian cities, meaning some workers are spending more time in the

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How Allcargo embarked on a transformational journey during the pandemic, CFO reveals

CFO News

When transformation cuts across functions and is not limited to finance, then the role of the CFOs becomes more strategic and they have to ensure that everybody’s stake is well covered, says Deepal Shah.

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IRS Commissioner-nominee pledges to uncover corporate taxes owed

CFO Dive

Billions of dollars in new funding for the IRS will not go toward increasing the audit rate for businesses and taxpayers that make less than $400,000 per year, Daniel Werfel said.

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Framing Prospect Conversations Around What Motivates Them Today (And Not Their Future Goals)

Nerd's Eye View

When holding discovery meetings with a prospective client, financial advisors often ask the prospect about their goals. The hope is that these conversations will help the prospect ease into a positive frame of mind (by thinking about a vacation, retirement, or another future aspiration) and, at the same time, present the advisor with an opportunity to show how their services can help the prospect achieve their goals.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • All the recessions that didn’t happen. The future doesn’t always cooperate with the present because whatever is going to happen hasn’t happened yet. So forecasters are frequently wrong. They’ll never stop forecasting, but their recent track record should make you skeptical every time you hear somebody predicting a recession. ( Yahoo Finance ) • World’s Rich Take Advantage as $1 Trillion Property Market Craters : Wealthy investors were the most active buyers of comme

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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At 55.3, India's manufacturing PMI slows down to 4-month low in February

CFO News

Business confidence improved in February, with firms expecting demand strength, new product releases and investments to bode well for growth prospects, S&P Global India survey showed on Wednesday.

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FASB studies AI use in financial data analysis

CFO Dive

The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.

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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. With the CFO being one of the key architects of an organisation’s digital transformation, Gartner says the CFO needs a finance function that drives the strategic ambitions of the enterprise.

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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 Inside Story of How Wellington and Vanguard Became Partners : Last year, Greenwich Associates founder Charles Ellis published “Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.