Sat.May 25, 2024 - Fri.May 31, 2024

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Making way for women in finance

Future CFO

According to a talent survey by the Association of Chartered Certified Accountants (ACCA), a strong diversity and inclusion culture is a critical factor in deciding to work at an organisation. ACCA's Global Talent Trends Survey 2024 revealed that 78% of the respondents say diversity and inclusion are important amid the continuing talent crunch in the finance sector.

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How You Measure Your Business Matters

VCFO

Measure Your Business in a Manner That Matters Measure twice, cut once is an adage that’s been cited for centuries. Its literal meaning is to verify the accuracy of measurements before making cuts so that time, material, and effort are not wasted. Its figurative meaning is to plan and prepare appropriately before acting. Both meanings hold absolutely important applications for business.

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Trending Sources

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Why “Deferred Sales Trusts” Can Be A Risky Way To Defer Taxes On A Business Sale

Nerd's Eye View

Small business owners often treat their businesses not only as their source of income during their working years, but also as an asset that can be sold to fund their retirement. And while many businesses can build up substantial value over the years, the downside is that, when that value is realized upon the sale of the business, a large amount of it is treated as taxable income.

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SEC aims to clarify intent of cybersecurity rules after initial filings

CFO Dive

The rules require notification of “material” breaches, but some early filers have reported incidents that appear to fall short of the regulatory threshold.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Greater transparency: No indemnity clause in NPA sale pact between banks and ARCs

CFO News

High-street banks and stressed asset firms in Mumbai adopted a 'model agreement' for selling loans but couldn't agree on 'indemnity'. Lenders can declare an account 'fraud' post-sale to ARCs. The industry body approved the Model Assignment Agreement and Model Trust Deed for adoption by banks, financial institutions, finance companies, and ARCs.

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More Trending

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BMO’s 30-hour innovation sprint, Destination Digital, returns 

Bank of the West

In August 2022, more than 300 disruptors, visionaries and innovative thinkers gathered for BMO’s first ever internal innovation sprint, Destination Digital. Over the course of 30 hours, cross functional teams… Read more The post BMO’s 30-hour innovation sprint, Destination Digital, returns appeared first on About BMO.

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The Goldilocks of Cloud FP&A: Why Limelight is "Just Right"

Lime Light

In the classic tale, Goldilocks seeks the perfect fit – porridge that's not too hot, not too cold, a chair that's not too hard, not too soft. When it comes to Cloud FP&A (Financial Planning & Analysis) solutions, the search for the "just right" option can feel just as daunting.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Realtors Are in Crisis—and Home Buyers Could Be the Winners : A wave of lawsuits over fees paid to agents has put the giant trade association on the defense; ‘it got arrogant’ ( Wall Street Journal ) see also Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits : The National Association of Realtors will pay $418 million in damages and will amend several rules that housing experts say wil

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Planful vs. Vena

The Finance Weekly

Financial planning and analysis (FP&A) solutions provide a complete platform for organizational planning, which is important for all businesses. Understanding their financial status and performance is key for business growth. A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 billion.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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‘Worst’ yet to come for commercial real estate: Conference Board

CFO Dive

Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.

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Discover ERP Accelerator Packages for Financials & Project Management

Navigator SAP

Enterprise resource planning solutions (ERP) come with sophisticated tools for financials and project management. The trick is putting an ERP solution in place within a company since ERP is company-wide software that has a reputation for complexity. ERP acceleration packages can help businesses get there quickly, though.

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Indian products worth $ 1.3 billion could be affected due to European Union's trade barrier

CFO News

A new law seeks to ban products such as palm oil, coffee, cattle, cocoa, rubber, soy, timber, printing paper, and derived products like leather, chocolate, tyres, and furniture that originate from land deforested after December 31, 2020.

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A Day in the Life: Florian Winterstein from Jedox

Future CFO

Editor's note: While travel—an important part of many business leaders' typical work routines—has allowed Florian Winterstein (pictured), CEO of Jedox, to learn how to succeed in other cultural settings, he shares with FutureCFO audiences in today's A Day in the Life interview how his experiences and interests outside work also inspire his professional growth.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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PwC to become largest ChatGPT enterprise customer with new OpenAI deal

CFO Dive

The agreement represents the latest step by the Big Four firm to further develop GenAI following its pledge to invest $1 billion into the technology over a three-year period.

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What is The Difference Between COGS and SG&A from a Chief Financial Officer’s Perspective

CFO Selections

As fractional CFOs (Chief Operating Officers) we get a lot of questions about COGS (Cost of Goods Sold) and SG&A expenses from our clients. They want to know how to classify different types of expenses, which one to focus on when trying to control costs, how to think about them when evaluating business opportunities, and what kind of impact each can have on profitability.

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How Advisory Firm Owners Can Overcome The Marketing “Capacity Crossroads” And Options For Continuing (Sustainable) Growth

Nerd's Eye View

The first few years of building an advisory firm from scratch are typically the most demanding for solo advisors since this often means putting oneself 'out there' as much as possible – working through lead generation services, trying to network with Centers Of Influence (COIs) and the community at large, and battling through all of the "no" s needed to get a "yes" (and therefore a client).

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MiB: Jeffrey Sherman, DoubleLine Deputy CIO

Barry Ritholtz

This week, we speak with Jeffrey Sherman , deputy chief investment officer at DoubleLine Capital. Sherman oversees and administers DoubleLine’s investment management subcommittee; serves as lead portfolio manager for multisector and derivative-based strategies; and is a member of the firm’s executive management and fixed-income asset allocation committees.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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AI powers uptick in middle-market cyberattacks

CFO Dive

“While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.

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India's economy grew 8.2% in FY24, GDP rises 7.8% in Q4

CFO News

India's economy surged in FY24 with an 8.2 per cent GDP growth, driven by robust performances in manufacturing and mining, exceeding RBI's projections. Delve into the comprehensive analysis for deeper insights!

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Weekend Reading For Financial Planners (June 1-2)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Financial Planning Association and Money.com are planning to publish a “Best Financial Advisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify areas such as trust factors and client communication.

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Investors in APAC face minimal debt funding gap, study says

Future CFO

Debt funding gap in the Asia Pacific region is relatively small, compared with Europe (US$191.4 billion) and the U.S. (US$157.3 billion), according to the latest analysis from CBRE. This is attributed to the limited repricing in Asia Pacific when compared with other regions. Outstanding senior commercial real estate debt in the Asia Pacific region totals at least US$257 billion, with a funding gap of US$8.4 billion expected between 2024 and 2026, CBRE says.

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The New Frontier: A Guide to Monetizing AI Offerings

Speaker: Michael Mansard and Katherine Shealy

Generative AI is no longer just an exciting technological advancement––it’s a seismic shift in the SaaS landscape. Companies today are grappling with how to not only integrate AI into their products but how to do so in a way that makes financial sense. With the cost of developing AI capabilities growing, finding a flexible monetization strategy has become mission critical.

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‘Higher-for-longer’ rates saddle companies with $381B in added costs

CFO Dive

"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.

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Polycab to recalibrate guidance, plans Rs 1,000-crore annual investment for next three years, says CFO Gandharv Tongia

CFO News

Polycab India, with CFO Gandharv Tongia at the helm, aims to surpass revenue targets amid soaring demand in railways, highways, and real estate. Discover their plans for massive investments and export growth.

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Use Technology to Simplify Nonprofit Bookkeeping

The Charity CFO

Efficient bookkeeping is essential to the success and sustainability of any nonprofit. As a nonprofit leader, it can be difficult to give your bookkeeping the time it needs to stay accurate. Luckily, modern accounting software and other bookkeeping technologies can help you keep up with day-to-day bookkeeping, reporting, and accounting tasks more efficiently.

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Outsourced Tax Accounting Services Ensure Compliance and Savings

CFO Plans

In today’s fast-paced business environment, staying on top of your financials is more critical than ever. Yet, many businesses struggle with the complexities of accounting, often leading to costly mistakes and missed opportunities. Discover how outsourcing accounting services can improve your financial health , enabling businesses to focus on growth while ensuring their financial health is in expert hands.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?