Sat.May 13, 2023 - Fri.May 19, 2023

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CFOs: Layoffs ultimately harm shareholder returns

Future CFO

CFOs tend to underestimate the impact of layoffs on shareholder returns, said Gartner recently. Given a higher cost of capital, renewed investor focus on profitable growth and widespread forecasts of a global recession, CEOs are asking their CFOs to reduce costs, said Vaughan Archer, senior director, research and advisory in the Gartner Finance practice.

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898: Making Finance Proactively Persuasive | Russell Lester, CFO, Versapay

CFO Thought Leader

By the time Russell Lester landed inside Intuit’s department of analysis in 2009, the unremarkable career path on which he had first set out nearly 10 years earlier had become brimming with possibilities. Back in the early 2000s, Lester tells us, he was hired by the company Harland Clarke (now Vericast) as an analyst specializing in customer information and insights.

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Trending Sources

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The new CFO: Taking your organization to the next level

CFO Dive

A strategic CFO can elevate your organization by helping you navigate the complexities of growth initiatives, minimizing costs, and leveraging technology.

CFO 221
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Tech, talent, and inflation are top priorities for CFOs in 2023: Report

CFO News

For businesses to stay afloat, companies need to shift focus on value consciousness across the business improving efficiencies, enhancing controls, and building trust and collaboration, the report said.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Data key to grasping generative AI fundamentals

CFO Dive

As more companies try out generative AI, understanding the role and importance of the data underpinning these models is crucial for CFOs.

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More Trending

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When to Use RPA Automation: A Step-By-Step Guide

Navigator SAP

Anyone who has been assigned the task of cutting and pasting the contents of one massive spreadsheet into another can attest that repetitive, tedious tasks aren't the best use of their abilities. It is not only boring for the individual doing the work, but often results in errors.

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What Are the Primary Benefits of an ERP System? Exploring the Advantages

Navigator SAP

To remain competitive in an ever-changing economy, organizations must be adaptable and future-ready. The business landscape constantly evolves with new technology, consumer preferences, and market trends changing regularly. Companies must be able to react quickly and efficiently to these developments. A cloud-based enterprise resource planning (ERP) solution is critical for companies today.

Planning 130
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“The Need to Know Why” – Every CFO’s Greatest Credential | Russell Lester, CFO, Versapay

CFO Thought Leader

CFO GUEST: Russell Lester of Versapay Russell Lester: I remember being in the middle of transitioning out of working from multi-billion dollar companies and moving into the startup world. Smaller companies and operational work that I really had little to no prior experience and that’s a vulnerable place to be. Anytime we’re learning something new, there’s great vulnerability and there’s the potential of, and there is the certainty and potential of failure or getting some

CFO 52
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What Is the Main Purpose of an ERP System? A Comprehensive Guide

Navigator SAP

Enterprise resource planning (ERP) systems are powerful tools designed to help enterprises manage their resources more effectively and streamline their daily operations by automating the critical areas of their businesses. This is why the ERP system market has been on a steady rise over the last five years.

Planning 130
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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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Ex-fabric CFO accused of losing $35M in crypto crash

CFO Dive

The former CFO is charged with investing the funds without permission into his own crypto venture before losing them during the market’s crash, according to a federal indictment.

CFO 261
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120,000

The Reformed Broker

Just wanted to take a moment to recognize the incredible work my media and research teams have been doing to propel The Compound channel past 120,000 subscribers this month. And that 120k is just a fragment of the audience because almost everything we do on video is also on the audio podcast channels too. For those who are new to what we’re doing at the Compound YouTube channel each week, below is the schedule of w.

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Inflation Expectations Are Useless

Barry Ritholtz

Jerome Powell and the Federal Reserve spend a lot of time worrying about Inflation Expectations. They shouldn’t. Sentiment surveys in general are mostly useless (except at the extremes). They aren’t merely lagging, backward-looking indicators, but instead, tell you what the public experienced 3- 6 months ago. Beyond short-term extrapolation, they have little to no ability to provide insight into intermediate-term (6-12 months) inflation.

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FDA and GxP Validation for SAP Business ByDesign ERP

Navigator SAP

Following good manufacturing practice (GMP) guidelines help businesses run more efficiently and ensure that product quality and consistency are maintained. Life sciences businesses such as pharmaceutical makers and medical device manufacturers not only benefit from GMP adherence but they also are required to follow it according to FDA regulations. The processes that life sciences businesses follow must be validated in line with FDA regulations 21 CFR.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Recession likely to start in Q3 as Fed sustains inflation fight: Fannie Mae

CFO Dive

The Fed may keep borrowing costs high and trigger a downturn if robust wage gains persist in coming months, Fannie Mae said.

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The Greatest Wealth Transfer in History Is Here

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Einhorn, Burry, Buffett – David Einhorn and Michael Burry were buying regional banks in Q1. ►Positive Surprises – “This will upset a lot of gloom and doomers, but oh well” ►Wealth Transfer &#8.

Finance 116
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10 Bad Takes On This Market

Barry Ritholtz

Let’s see if I can find something to counter and/or undercut each of these 10 items listed in this morning’s tweet above: 1. Only 5 stocks driving markets?! Then why are Equal-weighted indices doing so well? Equal-weighted Nasdaq100 up 17% since the June lows for the market because “it’s only 5 stocks”? How bad at math do you need to be to think that it’s only 5 stocks driving this market?

Marketing 113
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Why are CFOs most in-demand in startups now?

CFO News

Small or big , established or startups, the gradual emergence of CFOs as viable resources capable of gaining the trust of VCs and PEs is gaining traction. It's no longer a voluntary appointment for CEOs and top management, it's going towards a stage of "must have" for the start-ups going by the trends.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Lyft CFO steps down in latest of leadership changes

CFO Dive

In the first week of his tenure, new CEO David Risher announced a 26% reduction in Lyft’s corporate workforce. Now, the current CFO is stepping down.

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Why ChatGPT Is No Threat To Real Advisors

Nerd's Eye View

The financial advisory industry has faced many purported technological ‘threats’ over the past several decades. From the introduction of computers to the rise of the internet to the emergence of ‘robo-advisors’, there has been no shortage of innovations that would allegedly reduce the need for consumers to work with (human) financial advisors.

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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: • He wrote a book on a rare subject. Then a ChatGPT replica appeared on Amazon. From recipes to product reviews to how-to books, artificial intelligence text generators are quietly authoring more and more of the internet. ( Washington Post ) • The Crypto Winter Cost People More Than Their Money : Some acolytes lost faith, others blamed devils—and some went even harder.

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Breaking: RBI to withdraw ?2000 notes from circulation, to be exchanged by September 30

CFO News

Breaking: RBI asks banks to provide deposit and/or exchange facility for ₹2,000 notes until September 30, 2023. Explaining the move, the RBI said: “About 89% of the ₹2000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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CFOs bullish on M&A prospects: survey

CFO Dive

The research revealed that a large number of business leaders are optimistic about the economy, with more than half expecting the expansion to continue.

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Investing For Nonimmigrant Visa Holders: Understanding Visa Types, Investment Challenges, And Tax Implications

Nerd's Eye View

Amid a tight job market and low unemployment rates, a significant amount of the U.S. ‘talent gap’ is filled by foreign-born workers on employment visas like the H-1B. These visas allow foreign workers to live and work in the country temporarily while they are employed – although in practice, this can mean that individuals can spend years or decades (or even their entire career) working in the U.S. on a ‘temporary’ visa.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • Miami’s Love Affair With Crypto Is Souring as Bitcoin Faithful Flock to the City : On the eve of the annual bitcoin conference, the city and its mayor have mostly moved on from crypto. ( Wall Street Journal ) but see Crypto’s Most Influential Companies Often Follow Their Own Rules — Even After FTX’s Collapse : A review of practices at 60 of the sector’s most influential companies found many lack basic guardrails. ( Bloomberg ) • The audacious plan to

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India Inc's dealmaking activity declines 47% to USD 5 billion in April 2023 : Grant Thornton

CFO News

Till date year 2023 overall saw a significant decline both in terms of deal volumes by 46% and deal values by 76%, amounting to USD 14.7 billion, owing to global headwinds from rising interest rates and elevated inflation levels.

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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.