Sat.Jul 08, 2023 - Fri.Jul 14, 2023

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Finance function budgets jump 7.5%: study

CFO Dive

The majoriy of finance departments studied were about as efficient as a “monster truck,” a Hackett Group researcher said. There are steps companies can take to make them run more like Priuses.

Finance 243
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The Benefits of Real-time Reporting and Data Analytics for Professional Services

Navigator SAP

Most professional services organizations have completed digital transformation, which is the trendy way of saying that they’ve moved operations to the cloud. Now that most of these businesses are in the cloud, though, the next evolution has arrived: using the advantages of digital transformation to actually drive intelligent decision-making. Forget digital transformation.

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Trending Sources

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GST offences not covered under PMLA, say experts

CFO News

The Directorate General of GST Intelligence in the Centre and the Bureau of Investigation in States, which deal with the investigation based on intelligence inputs from various authorities or agencies, are the proper officers for GST offences, experts say.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Physics of Kaizen: Why Somebody Should Get Credit for Fixing Problems That Never Happened : Toyota’s culture of Kaizen: continuous improvement. It is an obvious statement: companies should be continually improving. Companies that are able to successfully adopt a culture and practice of Kaizen have the ability to establish a dominant position in their market. ( Taylor P

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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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How predictive analytics can curb just-in-time inventory pitfalls

CFO Dive

CFOs can use predictive analytics to avoid panic buying, anchor price bias and overpaying suppliers, Edmund Zagorin, an executive with the procurement platform Arkestro, writes.

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More Trending

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SEBI’s new BRSR Core for ESG Disclosures to increase compliance burden, say experts

CFO News

In order to ensure that companies are mindful of how they are integrating their value chain into the sustainability and ESG policies of their organization SEBI has introduced the BRSR Core Framework for assurance and ESG disclosures for top 1000 companies in a phase-wise manner in the next three financial years.

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Quarterly Pattern of Earnings Have Returned to Normal

Barry Ritholtz

Jim Reid of Deutsche Bank notes the pattern of gradual downgrades before earnings season begins is back to normal. As the rest of the quarterly earnings roll out, we should expect earnings to improve as we roll deeper into earnings season and as “later estimate beats” come in. This quarterly earnings pattern is shown above in the chart from his colleague Binky Chadha.

Banking 98
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Embattled EV maker Faraday replaces interim CFO

CFO Dive

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports.

CFO 240
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PodChats for FutureCFO: How finance should embrace AI

Future CFO

Without a doubt, artificial intelligence (AI) is now a topic of interest among CFOs. How to properly channel this interest into the finance function remains to be seen. Gartner says to build an AI-driven finance organisation for the future will require a combination of technical and business skills that many finance teams do not have today. Mark D McDonald , a senior director analyst in the Gartner Finance practice , observes that there remains scepticism over AI's impact on the finance function

Finance 98
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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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GST Council Meet: 28 per cent tax on online gaming,casinos and horse-racing

CFO News

Finance Minister Nirmala Sitharaman announced the outcome of the 50th Goods and Service Tax (GST) Council meeting on Tuesday. The Council met on 11 July in New Delhi agreed that there should be no distinction between game of skill and game of chance and decided to impose a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos.

Finance 98
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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge. ( Businessweek ) • Inflation Cools Sharply in June, Good News for Consumers and the Fed : The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.” ( New York Times ) see also Inflation drops to lowest le

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Economy struggling in ‘slowcession’: Moody’s

CFO Dive

A sudden spike in oil prices poses the biggest threat to U.S. economic growth, Moody’s Analytics Chief Economist Mark Zandi said.

Economics 263
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Business Growth – Minimizing Pain & Realizing Gain

VCFO

Business Growth – Three Principles for Minimizing Pain While Realizing Gain In business, as with most endeavors, growth is generally a good thing. But what growth looks and feels like can differ quite dramatically from one company to the next. For some, growth is a rocky road where owners and execs are often surprised by or unprepared for what they’ll encounter next and find themselves in precarious positions along the way.

CFO 97
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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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Promoters must disclose family pacts: Sebi

CFO News

In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as of the date of notification are to be disclosed to the stock exchanges. It was earlier understood that only prospective agreements must be disclosed, not retrospective.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning offsite reads: • Google’s AI Blunders Rival Xerox’s PC Mistakes : The “T” technology behind ChatGPT was devised at Google but languished there. Sound familiar? ( Bloomberg ) • Wall Street’s Recession Warning Is Flashing. Some Wonder if It’s Wrong. The yield curve has been suggesting since last year that the economy was headed for a slump. ( New York Times ) see also Dude, Where’s My Recession?

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As margins tighten, CFOs are split on FinOps: CloudBolt

CFO Dive

FinOps has gone mainstream as a way to reduce complexity and cost of cloud management. Finance leaders are still waiting to see benefits from implementing the practice.

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How to Get Funding for Your Startup Fast

Business Credit Blogger

How to Get Funding for Your Startup Fast Are you in the early stages of launching your business and in need of funding? It can be overwhelming when it comes to deciding how to begin or where to apply. In today’s post, we’ll unpack several ways for you to get funding for your business. The […] The post How to Get Funding for Your Startup Fast appeared first on Business Credit.

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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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MCA to withdraw 7,338 pending prosecutions in second round of a special drive to cut litigations

CFO News

The ministry of corporate affairs (MCA) Friday said it has decided to withdraw 7,338 prosecutions pending before various courts in the second round of a special drive to cut litigations and ensure greater ease of doing business. The move will result in a 21.86% decline in the number of pending prosecutions being pursued by the central government, the ministry said.

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From Unprofitable To $115M AUM: Reinventing A 2nd Generation Advisory Business By Finding The Right Niche

Nerd's Eye View

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family. At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm

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Why all CFOs need to be prepared for bank capital requirement changes

CFO Dive

With banks potentially undergoing capital requirement changes, CFOs need to be hyper-aware when it comes to the financial health of their businesses, according to Northern Edge Advisors’ president.

Banking 222
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Annual U.S. inflation falls to 3.0%. Is this what the Fed was looking for?

Tips Watch

By David Enna, Tipswatch.com The just-released June inflation report is going to be greeted with glee, I think. It was exactly what the stock and bond markets were hoping for. What happened?

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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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Checking fraud: Government to tighten GST registrations

CFO News

It is amending the rules to mandate the bank account details should be submitted either within 30 days of obtaining a registration or before filing of statement of outwards supply. Entities that do not provide the details of their bank account will have to face system-based suspension of their registration.

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Weekend Reading For Financial Planners (July 15-16)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while the new social media app Threads, designed to compete with Twitter, has surpassed 100 million users in its first week alone, its potential utility for advisors remains unclear and has raised compliance concerns for advisors whose social media archiving tools do not yet cover the new app.

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Healthcare bankruptcies jump as crypto ‘calms down’

CFO Dive

Labor costs and a fall-off in government aid are factors cited behind healthcare industry distress. Meanwhile, bankruptcy experts said a commercial real estate “bubble” looms.

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Real yields are on the rise: Do you have a strategy?

Tips Watch

By David Enna, Tipswatch.com Over the last year (plus a few months) I have been gradually adding to my holdings of Treasury Inflation-Protected Securities. Mostly with nibble purchases, but sometimes — when the opportunity looks good — with larger investments.

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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.