Sat.Jul 22, 2023 - Fri.Jul 28, 2023

article thumbnail

The Growth Of Collaborative Planning – And Decline Of “The (Written Financial) Plan”

Nerd's Eye View

Financial plans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client. However, there is no standard style of what is included in these plans, and as financial planning software has gotten more sophisticated and capable over time, "The Plan" has gotten longer and longer with addit

article thumbnail

How CFOs and businesses can get (or stay) ahead of rising rates

CFO Dive

The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

CA in first attempt, long-stay commitment remains top priority in CFO hiring: WalkWater Talent Advisors

CFO News

In an interaction with ET CFO, Ashutosh Khanna, Co-Founder and Director, Executive Search and Talent Advisory Company WalkWater Talent Advisors said CFO hirings are no longer confined to basic structural demands of accounts preparations and submission, and IPO-related works in case of listing.

CFO 52
article thumbnail

Most accounts receivable teams are behind schedule: survey

CFO Dive

Fraud and missing information are some of the culprits behind prompt processing of invoice payments, Versapay CFO Russell Lester said.

article thumbnail

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

article thumbnail

Underperforming Your Own Assets

Barry Ritholtz

Over the weekend, I noticed someone was wrong on the internet. Anthony Pompliano is a crypto fan who has amassed a huge (1.6 million) following on Twitter. As the Tweet (X?) above shows, he made a newbie error looking at the performance of the S&P500: He left out dividends, thereby omitting most of the returns. I replied 1 to the tweet, politely pointing out that my colleague Ben Carlson had previously explained that “since 1928, equity market returns including dividends are 70% higher than

More Trending

article thumbnail

2% Inflation Target is Silly

Barry Ritholtz

One of the more foolish arguments 1 that seem to be emanating from the Fed about their intention to raise rates another quarter point today: The 2% inflation target that has been in place pretty much the entire post-financial crisis era. There is no empirical evidence showing 2% is the optimal long-run inflation target, given the Fed’s dual mandate of price stability and maximum employment.

article thumbnail

Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

Businesses across numerous industries use Microsoft Excel spreadsheets to accomplish a wide range of tasks, including bookkeeping, accounting, and project management. Excel formulas can make performing simple calculations easy and automatic. Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business.

article thumbnail

Auditor Independence: Go the Korean Way

CFO News

India was ahead of the world when it introduced Mandatory Audit Firm rotation through the Companies Act 2013 in Fiscal 2018. Korea has taken it further with this Auditor Designation System from Fiscal 2019.

article thumbnail

Bath & Body Works picks CVS, Merck alum for CFO

CFO Dive

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

CFO 246
article thumbnail

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

article thumbnail

When Hindsight Becomes Foresight: Replicating Investment Performance

CFA Institute

Nicolas Rabener is the managing director of Finominal, which provides quantitative solutions for factor investing. Previously he founded Jackdaw Capital, a quantitative investment manager focused on equity market neutral strategies. Previously, Rabener worked at GIC (Government of Singapore Investment Corporation) focused on real estate across asset classes.

52
article thumbnail

Understanding the SAP Business Technology Platform (BTP)

Navigator SAP

Business operates differently now. They evolve faster and scale without heavy technology investment, they connect directly with other systems, they leverage data and automation, and soon they will use artificial intelligence for everything from insight to operational efficiency. Most businesses that have grown beyond a handful of employees now use an enterprise resource planning solution (ERP) for running backend operations, with SAP the market leader of this crucial backend software.

SAP 130
article thumbnail

Weekend Reading For Financial Planners (July 29-30)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms seeing gains in clients and AUM per professional and a reduction in annual hours spent per client for operations and administration in the past 3 y

article thumbnail

NVIDIA exec: banks must prep for AI boom

CFO Dive

While generative AI has potential, this “new generation of AI doesn't run well, at all, on the current computer infrastructure that banks have,” NVIDIA’s Malcom DeMayo said.

Banking 246
article thumbnail

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.

article thumbnail

ESG Affirmations and Surprises: Asset Managers Look to the Future

CFA Institute

ESG considerations are transforming how asset managers approach their jobs and serve their clients, according to the latest Index Industry Association (IIA) survey.

52
article thumbnail

CFOs most concerned with profitable growth, inflation and balance-sheet health in 2023: Gartner Survey

CFO News

Yet nine out of 10 CFOs plan to fund organic growth in 2023 at the same level or greater levels than 2022.

article thumbnail

#FA Success Ep 343: The Evolution Of Super-OSJ Platforms To Support Independent Advisors, With Rita Robbins

Nerd's Eye View

Welcome back to the 343rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rita Robbins. Rita is the Founder and President of Affiliated Advisors, a Super-OSJ with Royal Alliance that provides support to 90 financial advisors and collectively oversees $3.5 billion in assets under advisement. What's unique about Rita, though, is how as the founder of one of the first woman-owned Super-OSJs nearly 30 years ago, she has witnessed first-hand the evolution of the Supe

article thumbnail

Cybersecurity, IT top CFOs’ spending hike list

CFO Dive

AI in particular has caught CFOs’ eyes as a potential game changer in a number of areas, including content creation and summarization, according to Grant Thornton.

Numbers 246
article thumbnail

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.

article thumbnail

Fed Chair Congressional Testimony: Has the Market Played Favorites?

CFA Institute

Derek Horstmeyer is a professor at George Mason University School of Business, specializing in exchange-traded fund (ETF) and mutual fund performance. He currently serves as Director of the new Financial Planning and Wealth Management major at George Mason and founded the first student-managed investment fund at GMU. | Herman Jentoft is a senior at George Mason University and will complete his degree in December of this year.

52
article thumbnail

NFRA's action against auditors, audit committees need to be more proactive in supporting audit quality

CFO News

In India, audit committees of companies are increasingly paying attention to the greater diligence needed. However, in many companies, the process followed continues to remain ad-hoc and at times lacks transparency. It is high time that they realize the criticality of their role in improving audit quality.

article thumbnail

Joanne Tanner: How CFOs can be change leaders

CFO Talks

Written by Staff Writer CFOs are increasingly driving automation and modernisation at their firms, Joanne Tanner, CFO of Decision Inc., recently told a CFOConvo webinar. Joanne gave practical advice on how CFOs can overcome institutional resistance. Joanne Tanner is the CFO of Decision Inc. “We help companies reinvent themselves by bridging the digital divide between what we consider business ambition and technology opportunity,” explains Joanne.

CFO 98
article thumbnail

Finance tech startup Bunker raises over $5M

CFO Dive

The funds will be invested toward product development, growing the company’s team and accelerating its “go-to-market strategy,” according to Bunker CEO Shivom Sinha.

Startups 246
article thumbnail

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.

article thumbnail

Academic Research Vs Industry Experience: Evaluating The Value Of Practice Management Advice

Nerd's Eye View

As a financial advisor, there are many potential sources of advice on running a practice and serving clients, from fellow advisors to coaches to academic researchers and others. Sometimes, it can be tempting to rely solely on the advice of those with an ‘in-the-trenches’ perspective, as these individuals have actually lived out a similar experience and can appreciate some of the nuanced challenges that an industry outsider might not.

article thumbnail

Staffing firm Buzzworks appoints Prakash Jain as Group CFO

CFO News

Prakash possesses over two decades of professional experience and expertise in Investor Relations, Corporate Development, and Financial Transformation.

CFO 98
article thumbnail

Suresh Kana: What CFOs should know about the new IFRS sustainability standards

CFO Talks

The new IFRS sustainability standards will impact businesses large and small, says Suresh Kana, trustee and deputy chair of the IFRS Foundation. Kana unpacked these standards and their sweeping consequences at the recent CFO Africa Conference. What the standards entail The two standards, named S1 and S2, were published on the 26th of June this year.

IFRS 98
article thumbnail

Bed Bath & Beyond’s Etlin: lessons for CFOs staring down bankruptcy

CFO Dive

With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.

CFO 246
article thumbnail

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.