Sat.Sep 23, 2023 - Fri.Sep 29, 2023

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Evolution in the CFO Role: The Three Rs in Financial Management

Future CFO

The chief financial officer role in organisations has been evolving, with mid-size and small firms , including start-ups, now embracing the position as opposed to the traditional large and well-established companies. Manish Modani , CFO at RDC Concrete (India) , discusses what fuels the newfound appreciation for financial expertise hence the observed evolution to the CFO role.

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6 biggest headaches for FP&A teams (and how to fix them)

Cube Software

Time-consuming, manual tasks can significantly slow down FP&A teams. These tasks (e.g., data entry, compiling and consolidating reports, and manual reconciliation) eat into valuable time that could be better spent on strategic thinking and more complex problem-solving.

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Trending Sources

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Lessons on the importance of process from athletes

CFO Dive

Every process transformation is different, the diligence and dedication will have to be repeated meticulously.

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Email: An Essential Business Tool, and a Direct Conduit for Thieves

CFO Selections

We’ve all heard about “phishing” – malicious emails. As Microsoft notes below, they’re hugely popular among cyber thieves. They also happen to be hugely lucrative (which is why they’re so popular!).

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Turnaround in sight at private banks, now is the time to bet

CFO News

Analysts said due to strong management and aggressive strategies, private sector banks will continue to take market share from their public sector counterparts. They also believe private banks have strong subsidiaries in high-growth businesses like asset management, wealth management, and life and health insurance, where value will be unlocked in the coming years.

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Learn to talk tech, Heller Search CEO advises CFOs

CFO Dive

For finance and technology executives to create an effective digital transformation strategy, it’s important to speak the other’s language.

Finance 292
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Treasury professionals: The hardest-to-manage risks

Future CFO

Treasury professionals see macroeconomic risk as one of the hardest to manage. According to Association For Financial Professionals’ 2023 AFP Risk Survey, 43% of treasury professionals consider macroeconomic risk —the pace of GDP growth, inflation and interest rates —to be one of the most challenging risks to manage. This figure is up 24 percentage points from 2021 when only 19% cited macroeconomic risk, as the most challenging risk to manage, AFP pointed out.

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Fractional CFOs for Startup Companies

Beacon CFO Plus

Providing Critical Financial Strategy, Cost Optimization, and More Hiring a fractional CFO for your startup is a strategic move that brings expert financial guidance without the full-time commitment. These are just a few reasons to consider working with a seasoned part-time CFO as you launch your business: Financial Strategy and Planning: Startups often lack the financial expertise needed to develop sound strategies and plans for sustainable growth.

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Maintain Food Safety Standards with the Help of ERP

Navigator SAP

When a manufactured food is purchased by a consumer, there is the expectation that the food product is safe and consistent. This safety and consistency is important for the reputation of the food brand in general, but it also is required for public safety reasons.

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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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Runaway cloud spending frustrates finance execs: Vertice

CFO Dive

Finance leaders are almost three times as likely to be concerned about cloud costs than their tech peers, and more than twice as likely to be worried about cloud visibility, a Vertice study found.

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The Least Bad Choice

Barry Ritholtz

I have been watching various sentiment polls and Right/Wrong Track questionnaires with detached bemusement. Bemused because they are so silly, and detached because I know I can’t change human nature. What I can do is share a few modest insights; hopefully, these will allow you to gain a fresh perspective you might not have otherwise considered or perhaps even garner a better understanding of what is happening right here and now.

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NFRA has powers to check past audits: Ex-chief Rangachari Sridharan

CFO News

There is no option available to an alleged violator to choose a forum other than the one notified under the law as possessing the jurisdiction, he tells ETCFO.

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Cyberattacks against SMBs sees threefold increase in Singapore

Future CFO

Singapore sees a threefold increase in cyberattacks against SMBs, with 453 attacks targeted at this type of businesses in 1H2023 compared to 112 in the same period last year, said Kaspersky recently. In 1H 2023, SMB employees here encountered malware or unwanted software disguised as business applications with about 50 unique files being distributed in the time period while there were only 24 unique files being distributed in the same period of last year in Singapore , the firm noted.

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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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Half of digital transformation investments fail: KPMG

CFO Dive

Success requires collaboration among key stakeholders, including the CFO, who can help ensure a “clear line of sight” toward achieving a return on investment, says KPMG’s Atif Zaim.

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Where’s Everyone Going?

Barry Ritholtz

Mapped: The Migration of the World’s Millionaires in 2023 Source: Visual Capitalist The post Where’s Everyone Going? appeared first on The Big Picture.

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Dhanlaxmi’s ID resignation warrants RBI, SEBI attention: Amarjit Chopra

CFO News

Some allegations especially relating to the Conduct of Board and committee meetings as well as the Rights Issue need to be looked into, says the former independent director on bank boards and Past President at ICAI.

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The Changing Role of CFOs in a Technology-Driven World

Bramasol

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too. This blog post provides an overview of these major waves of change based Bramasol's more than 27 years of working closely with CFOs and their stakeholders across many indu

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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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FASB sparks debate with proposed expense rule

CFO Dive

The change would provide a remedy for income statements that are often a “hodge-podge” of data that is difficult to interpret, FASB Chair Richard Jones said.

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50th Anniversary Of The CFP Marks: The Journey, Current State Of CFP Board, And Growing The Financial Planning Profession

Nerd's Eye View

In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. But while some of these salespeople may have certainly been able to provide sound advice, there was really no way at that time for a consumer to know which among the many brokers and agents out there were actually capable of giving true and sound advice that would help them reach their goals.

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Does India’s accounting watchdog NFRA have powers to check past audits?

CFO News

The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.

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This Week on TRB

The Reformed Broker

We did an astonishing amount of new content this week after being gone last week at the Future Proof event. Getting back in the saddle felt good, especially considering the amazing guests we had. Below is a link to the live stream we did with Zeke Faux, whose new book “Number Go Up” is packed with wild and hilarious stories about rise and fall of the crypto bubble.

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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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SEC fines CFO, others for stock trade filing ‘delinquencies’

CFO Dive

The charged corporate insiders and companies deprived investors of timely information related to over $90 million in transactions, SEC’s Gurbir Grewal said.

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#FA Success Ep 352: Finding Personal Scale By Leveraging Yourself Through Outsourced Delegation, With Bridget Venus Grimes

Nerd's Eye View

Welcome back to the 352nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Bridget Venus Grimes. Bridget is the President of WealthChoice, a virtual independent RIA that oversees nearly $80 million in assets under management for 68 client families, and Co-Founder of Equita Financial Network, an advisor platform that helps advisors plug in and share resources.

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NFRA says biggest focus is to ensure that auditors do their job properly

CFO News

Chairperson Ajay Bhushan Pandey says auditors’ certification of the true and fair view of the company’s financial statement inspires confidence in all stakeholders including investors both domestic and foreign.

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MiB: Armen Panossian, Oaktree Capital Management

Barry Ritholtz

This week, we speak with Armen Panossian , managing director and head of performing credit at Oaktree Capital Management , which has $179 billion in assets under management. He oversees the firm’s liquid and private credit strategies, and also serves as a portfolio manager within Oaktree’s global private debt and global credit strategies. He previously worked for Pequot Capital Management, where he worked on distressed debt strategy.

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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.