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

article thumbnail

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.

article thumbnail

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.

CFO 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 228
article thumbnail

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.

98
article thumbnail

How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

article thumbnail

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.

265
265

More Trending

article thumbnail

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.

130
130
article thumbnail

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
article thumbnail

“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
article thumbnail

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
article thumbnail

Acterys: Revolutionizing CIO & CFO Decision-Making

Welcome to the Future of Technology for CIOs & CFOs! Ever stood on the precipice of a technological revolution, feeling the energy of change? Ever been captivated by the whispers of a software that's not just innovative but genuinely groundbreaking? Acterys unveils a groundbreaking technology tailored for CIOs and CFOs. This state-of-the-art solution streamlines data integration, analytics, and forecasting, empowering leaders to make informed decisions quickly.

article thumbnail

What is a semiconductor?

Mckinsey and Company

Semiconductors are the unsung heroes of the technology world: parts manufactured from pure elements that work behind the scenes to power and connect everything from smartphones to cars.

article thumbnail

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 264
article thumbnail

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.

144
144
article thumbnail

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.

SAP 246
article thumbnail

Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

article thumbnail

Consumers are in fact buying sustainable goods: Highlights from new research

Mckinsey and Company

Which sustainability attributes matter most at the point of sale? Do consumers pay attention to sustainability claims? A new report from McKinsey and NielsenIQ provides answers.

Sales 261
article thumbnail

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.

290
290
article thumbnail

“No matter how you cut it, you’ve got to own Cisco” (2000)

Barry Ritholtz

One of the core philosophical beliefs I hold dear is that the future is inherently unknown and unknowable. This tends to be true for the vast majority of people almost all of the time. The world is full of endless, random, often-invisible factors that greatly impact outcomes. Our own psychology works against our understanding this: Our hindsight bias allows us to see these unknowable results with perfect after-the-fact clarity; that fools us into believing our prior expectations turned out to be

article thumbnail

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
article thumbnail

From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

article thumbnail

Global Economics Intelligence executive summary, April 2023

Mckinsey and Company

Inflation remains high while trending down; the International Monetary Fund lowered global growth projections to 2.8% for 2023; US banking sector challenges persist; output indicators in services stay strong.

Economics 248
article thumbnail

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.

CFO 255
article thumbnail

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.

article thumbnail

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.

Startups 105
article thumbnail

The Buyer’s Guide to HR & Payroll Technology

Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?

article thumbnail

Land: A crucial resource for the energy transition

Mckinsey and Company

To achieve its decarbonization targets, the European Union will need to expand renewable-energy capacity. Identifying and allocating sufficient land will be foundational to the effort.

249
249
article thumbnail

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.

Numbers 253
article thumbnail

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 115
article thumbnail

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.

Banking 98
article thumbnail

Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

article thumbnail

The state of grocery retail in Latin America

Mckinsey and Company

Persistent inflation and shifting consumer preferences will test grocery retailers across the region. Four imperatives—supported by investments in advanced analytics—could be critical to keeping pace.

Retail 229
article thumbnail

Costs again rank as top finance automation hurdle

CFO Dive

In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.

Finance 232
article thumbnail

10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Will AI Fix Work? The pace of work is outpacing our ability to keep up. AI is poised to create a whole new way of working. ( Microsoft ) • Why Are Americans So Negative About the Economy? There are now huge gaps between what people say about the economy and both what the data says and what they say about their own experience.