Sat.Nov 02, 2024 - Fri.Nov 08, 2024

article thumbnail

Banks Need a Digital Strategy to Manage the $84 Trillion Generational Wealth Transfer

Global Finance

This “Great Wealth Transfer” will impact millions of people around the world and could potentially open up exciting opportunities to reshape our financial systems and redistribute wealth to support both people and our planet. More immediately, however, this unprecedented transfer of wealth represents a major challenge for banks, particularly those who provide services to high-net-worth individuals.

Banking 105
article thumbnail

3 Financial Statements to Measure a Company's Strength

Lime Light

Companies invest significant time in gathering data and preparing financial statements but struggle to get the most value from them. The complexity of financial reporting arises from managing variables like revenue timing, expenses, and working capital, which distorts the overall financial picture if not carefully handled.

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

IMF sees India driving growth in Asia-Pacific region

CFO News

India remains the world's fastest-growing economy with investment and private consumption driving growth, according to the IMF's latest Regional Economic Outlook for Asia-Pacific.

article thumbnail

The Backbone of Sustainable Business Growth

CFO Plans

In today’s dynamic financial landscape, Discover Strategic Financial Planning Solutions that are more than a necessity; they’re the backbone of sustainable business growth. As companies in the financial services industry aim to navigate uncertain economic climates, creating a robust financial roadmap becomes essential. This article delves into the critical components of strategic financial planning, offering a comprehensive guide for organizations seeking to enhance their financial h

CFO 52
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

How to Create a Financial Business Plan for a New Venture

CFO Selections

Every year, millions of people have a great idea for a product or service. It might be either the formation of a new business or an addition to a current organization. Some never get off the ground, but some end up changing the world! According to recent data , 90% of startups fail every year, but the remaining 10% offer the potential to shape how we live our lives and transform the communities around us in significant ways.

More Trending

article thumbnail

The Power of Listening in Effective Negotiation

CFO Talks

The Power of Listening in Effective Negotiation When it comes to negotiation, people often think of strong arguments, clear facts, and the best pitch. But here’s the twist—real negotiation power often lies in something much quieter: listening. Listening is more than a soft skill; it’s a secret weapon. In a role filled with financial data, strategic meetings, and high-stakes decisions, active listening can drive better outcomes and turn tough conversations into collaborative wins.

CFO 97
article thumbnail

Values, Purpose, Action: A 3-Part Approach To Establish A “Statement Of Financial Purpose” And Unlock Deeper, More Meaningful Planning Conversations With Clients

Nerd's Eye View

In the early days of financial planning, serving clients often meant developing transactional relationships focused on facilitating trades and selling insurance. Over time, advisors shifted toward more analytical approaches, such as investment management and retirement planning. Today, the industry has evolved further, with a growing emphasis on aligning financial decisions with clients' personal priorities and life goals.

article thumbnail

Endowus MD & Head of HK: Learn how to live with occasional self-doubt

Future CFO

Editor’s note: In today’s Female Leadership for Business , Steffanie Yuen (pictured), Managing Director and Head of Hong Kong at Endowus , a digital wealth platform in Asia shared with FutureCFO audiences how she moved from investment banking to wealth management and why she loves mountain climbing. FutureCFO: Can you briefly describe your career journey?

article thumbnail

Unlocking the Potential of Ultra-High Net Worth Philanthropy

The Charity CFO

The potential within ultra-high net worth philanthropy is truly world-changing, and that’s no exaggeration. In this episode of the Modern Nonprofit podcast, host Tosha Anderson interviews Alex Johnston, founder of Building Impact Partners and author of “ Money with Meaning : How to Create Joy and Impact Through Philanthropy.” Building Impact Partners is a philanthropy advising practices that has helped its clients give away over $1 billion dollars since its founding in 2012.

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

Consumer expectations hit highest level since July 2021: survey

CFO Dive

Expectations for personal finances have improved amid indications that many Americans, when looking back four years, believe their financial well-being has declined.

Finance 339
article thumbnail

Yousef Khalawi Of AlBaraka Forum On Growth Of Islamic Finance

Global Finance

Global Finance spoke with Yousef Khalawi, secretary general of the AlBaraka Forum for Islamic Economy, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Global Finance: Against a backdrop of rising debt, geopolitical and economic instability, how is the role of Islamic finance evolving to address emerging global challenges?

Finance 116
article thumbnail

Holistiplan Launches Estate Plan Document Extraction Tool (And More Of The Latest In Financial #AdvisorTech – November 2024)

Nerd's Eye View

Welcome to the November 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estate plan document extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technol

article thumbnail

Gearing up for 2025: How finance leaders will take the reign

Future CFO

The Finance department has undergone significant scope changes as the chief financial officers take on new roles for their evolving position. This year, finance leaders were seen navigating new areas—even those fields they were initially not thought of to have been involved, spanning environmental, social, and governance concerns , as well as digital transformation.

Finance 96
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

Ditching Dr. No: Tips for CFOs navigating AI, tech’s promises, pitfalls

CFO Dive

Once relegated to number crunching, modern CFOs typically work with chief information officers to help finance and keep score on tech projects.

Finance 304
article thumbnail

Tesla’s Solar ABS Deal Raises Standards In Financing Renewables

Global Finance

Tesla is setting new standards in renewable financing with its latest solar asset-backed securitization (ABS) deal, earning an unprecedented AAA rating. Fitch Analyst Hebbertt Soares notes that Tesla’s integrated business model, which bypasses traditional sales channels, may establish a blueprint for achieving top-tier credit ratings in a sector often limited by data and regulatory scrutiny.

Finance 105
article thumbnail

Webinar: Kick Your Tired Old ERP Out of the Slow Lane and Accelerate into the Future with Bramasol’s 90-Day Pre-Packaged Solution in SAP Cloud!

Bramasol

SAP Cloud Public Edition has emerged as a leading solution for bringing together ERP, finance, and a wide range of line-of-business capabilities for companies of all sizes and across many industries. Designed around clean core technology, SAP Cloud combines fit-to-standard reliability and maintainability, along with built-in extensibility to seamlessly add unique capabilities where you need them.

SAP 117
article thumbnail

MiB: Peter Goodman, How the World ran Out of Everything

Barry Ritholtz

 This week, we speak with New York Times Global Economic Correspondent Peter Goodman. Prior to the New York Times, Peter began his career as a freelance writer in Southeast Asia before serving as The Washington Post’s Asia Economic Correspondent and later Shanghai Bureau Chief. He has since reported from over 36 countries, holds two Gerald Loeb awards and eight prizes from the Society of American Business Editors and Writers.

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

FASB issues new, long-anticipated income statement expense rules

CFO Dive

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the cost to preparers, board member Fred Cannon said.

article thumbnail

Benefits of Outsourced Telecom Expense Management

E78 Partners

Managing telecom expenses can be a daunting task, especially with companies working with multiple vendors, services, and technologies. Without a clear strategy, telecom costs can quickly escalate, resulting in inefficiencies and unnecessary spending. Many businesses find that monitoring telecom usage, identifying billing errors, and negotiating contract terms are time-consuming processes that distract from their core objectives.

article thumbnail

Beyond Numbers: Measuring Success in the New Age of Finance

CFO Talks

Beyond Numbers: Measuring Success in the New Age of Finance Imagine running a company where profit isn’t the only measure of success, and the focus shifts to include all areas of impact—from the well-being of employees to environmental responsibility. CFOs are discovering that true success is about more than a healthy balance sheet. Here are some of the new ways to measure success that can add lasting value for businesses in South Africa. 1.

Numbers 52
article thumbnail

Escaping the Benchmark Trap: A Guide for Smarter Investing

CFA Institute

Pim van Vliet, PhD, is head of Conservative Equities and Chief Quant Strategist at Robeco. As head of Conservative Equities, he is responsible for a wide range of global, regional, and sustainable low-volatility strategies. He specializes in low-volatility investing, asset pricing, and quantitative finance and is the author of numerous academic research papers for the Journal of Financial Economics , Management Science , Financial Analyst Journal , and the Journal of Portfolio Management. van Vl

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

CFOs look to curb burnout in face of economic strain: Yooz

CFO Dive

Automation can help stressed CFOs curb employee burnout and improve efficiency, but they need to approach its implementation strategically, Yooz CFO John Gronen said.

Economics 301
article thumbnail

Leveraging GenAI in Finance

Future CFO

Neil Jensen of Workday and Jannine Zucker of Deloitte talk on the revolutionary impact of generative artificial intelligence on enterprise operations, digging deep into the insights and best practices for leveraging AI in finance and beyond. First published in Youtube. The post Leveraging GenAI in Finance appeared first on FutureCFO.

article thumbnail

Navigating Market Shifts: Practical Finance Strategies for South African Businesses

CFO Talks

Navigating Market Shifts: Practical Finance Strategies for South African Businesses The economy is in constant motion, and financial strategies that worked last year may not hold up today. In markets businesses face a mix of global influences, currency shifts, and regional economic trends that can impact everything from cash flow to expansion plans.

Finance 52
article thumbnail

ATM: What Never Changes with Money

Barry Ritholtz

 ATM: Title At the Money: What Never Changes with Money (November 6, 2024) As much as our era seems to be unprecedented, Human nature is same as it ever was. Our behavior around risk and reward has been very consistent over the millennia. Full transcript coming soon. ~~~ About this week’s guest: Morgan Housel is a partner at the Collaborative Fund and author of “ The Psychology of Money: Timeless lessons on wealth, greed, and happiness.

Finance 59
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.