Sat.May 20, 2023 - Fri.May 26, 2023

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ChatGPT aces CPA exam after prior version flunked

CFO Dive

ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

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Software Evaluation: Time to Reframe How You Evaluate

Navigator SAP

Indirectly, ChatGPT helps us answer the question: What’s the best software solution? ChatGPT doesn’t give us the answer directly, but its inadequacy with such questions hints at how we should be looking at software evaluation. Much of the business community is currently looking at ChatGPT and thinking about both how it will change the world, and how it will change their business.

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The First Rule of Dunning Kruger…

Barry Ritholtz

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

Math 124
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Nvidia Breaks Away

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

Marketing 113
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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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Costco holds back on membership fee hike

CFO Dive

As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.

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More Trending

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MiB: Robyn Grew, Man Group CEO

Barry Ritholtz

This week, we speak with Robyn Grew, currently, the President at Man Group, and effective September 1, the firm’s new CEO. The firm manages about $145 billion in client assets and is the world’s largest publicly traded hedge fund. As president, she is responsible for corporate sustainability and responsible investing; Man Solutions and Man FRM; central trading, funds treasury and bank relationships; operations; financial crime; corporate real estate; and communications.

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Value creation, innovation and digitalisation integral in CFO's life: CFOs

CFO News

Industry stalwarts discussed how digitalisation is the top focus of CFOs today and how it, clubbed with innovation and value creation is integral in a CFOs life. They further discussed how technology is not just an enabler today, but goes beyond it and has become a survival factor for all companies today, as all industry today is a tech industry.

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Fostering diverse banking relationships key to balancing risk

CFO Dive

The wobbles in the banking industry put a spotlight on the importance of diversifying banking and financial relationships for CFOs looking to mitigate business risk.

Banking 257
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Why Business Process Automation Is Important: Exploring the Benefits

Navigator SAP

Don’t you wish there were more hours in a day to finish everything you need to accomplish? We know you want to maximize your team’s output, so many business owners are turning to business process automation to help with manual tasks.

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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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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The War on Poverty Is Over. Rich People Won. The sociologist Matthew Desmond believes that being poor is different in the U.S. than in other rich countries. How is poverty different in America than in its peer countries? Matthew Desmond: We have more of it. We have double the child-poverty rate of Germany and South Korea.

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Startup CFOs focus on profitability amid funding winter, valuations to get more realistic

CFO News

The finance veterans highlighted that the funding winter for Indian startups will last at least for six to nine months more, and the investment crisis has normalised the valuation of startups.

Valuation 105
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Warehouse robots in high demand despite downturn: report

CFO Dive

Revenues from automated forklifts reached a total of $1.5 billion in 2022, nearly $200 million higher than previously projected, according to Interact Analysis.

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What Is ERP Automation? Unlocking the Potential of AI

Navigator SAP

Businesses of all sizes can now automate common workflow procedures and operate with remarkable efficiency thanks to recent breakthroughs in AI-based machine learning and Enterprise Resource Planning (ERP) software.

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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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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 Forgotten Titanic of the Pacific: A tale of disaster, survival, and ghosts. A person prone to superstition might be forgiven for thinking that the Valencia was cursed. Built in 1882, the ship was fired upon the following year near the island of Curaçao, and again four years later, this time by a Spanish warship just off the Cuban coast.

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Will boost digital economy, won't impact businesses, say CFOs on RBI’s Rs 2000 notes move

CFO News

The RBI, on May 19, said Rs 2,000 notes will be withdrawn from circulation and asked banks to stop issuing these notes with immediate effect. ETCFO captured the view of CFOs on the impact of this decision on different sectors and overall economy.

Banking 105
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TripleLift hires ex-Politico CFO

CFO Dive

The Politico alum joins executive colleagues from Yahoo and Amazon in TripleLift’s C-suite as the company looks toward its next phase of growth amid data privacy and economic challenges.

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What Should an ERP System Include? Exploring the Essentials

Navigator SAP

Enterprise Resource Planning (ERP) software unifies and connects various business processes in one location. It is a hub for real-time and historical data across business departments and functions. ERP reduces time spent manually searching and pulling data from different repositories, automates procedures, and streamlines workflows, improving productivity and optimizing revenue.

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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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SUPD: Debt Ceiling & Inflation

Barry Ritholtz

I joined Pete Dominick to discuss the Debt Ceiling, Inflation, markets, and more. I pop into the pod around the 30-minute mark. (Before that, Pete discusses how his teenage daughter got scammed out of $5k by a fake border police grift, and why there is a sort of happy ending). We also discuss my thesis of the “ Disloyal Opposition ” as it applies to Debt Ceilings, fiscal stimulus, and even vaccines.

Marketing 111
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From informal to formal economy

CFO News

Not just in India, the informal economy is a major concern for the whole world. The only good news is digitisation is helping India march forward rapidly but a lot needs to be achieved.

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RingCentral CFO describes career choice, staying ‘fiercely prioritized’

CFO Dive

From investment banking to an operational finance role to finally taking on a public company CFO role, Sonalee Parekh has run the gamut when it comes to her financial career path.

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Spring Cleaning: Your Mid-Year Budget Review Checklist

Centage

If you’ve noticed that prices at the grocery store are higher than usual these days, then you’re not alone. However, the current economic crisis isn’t just affecting families shopping for groceries and other goods. It’s also impacting businesses, with companies of all sizes struggling to achieve their goals without breaking the bank. Fortunately, there are steps you can take to keep your business moving forward regardless of market changes.

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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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Foul Mood?

Barry Ritholtz

This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S. Households in 2022. It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Peter Coy fleshes out lots of the details here: “ Unemployment Is Low, But So Is the National Mood.” He notes: “The Fed report is consistent with ot

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India Inc supports employees with special needs children

CFO News

They are offering support in the form of medical coverage, resource groups, caregiving leave, access to learning materials, and employee assistance programmes, to not just ensure these children are given a chance to thrive but also help improve mental health and productivity of employees.

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Accounts payable shouldn’t be a cost center

CFO Dive

CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

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Average Cost of Service and Economies of Scale

The SaaS CFO

Average Cost of Service (ACS) is an important but obscure SaaS metric for SaaS finance. I reference this metric when speaking with SaaS founders and finance teams about the balance between their cost structure and pricing plans. It’s also a component of my SaaS Scalability Index (SSI). Average cost of service helps us determine if […] The post Average Cost of Service and Economies of Scale appeared first on The SaaS CFO.

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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.