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The problem that made ‘zero-based budgeting’ unachievable just got solved

CFO Dive

Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.

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Navigator Business Solutions Achieves GROW with SAP Designation

Navigator SAP

As seen in, PR Newswire , Navigator Business Solutions is proud to announce its ongoing partnership with SAP and its achievement of the Grow with SAP program designation. Read the official press release here.

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April inflation matches expectations; markets celebrate

Tips Watch

Both all-items and core inflation increased 0.3% in April, as predicted. By David Enna, Tipswatch.com After three months of higher-than-expected inflation, U.S. prices in April increased on target, setting off a euphoric mood in the stock and bond markets.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. For any public company, the goal of successfully complying with periodic financial reviews by external auditors cannot be overstated. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ". The new rule represents the latest attempt by regulators to define the types of individuals and advice that are subject to a fiduciary obligation, following on the heels of the SEC's Regulation Best Interest (

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Automate Financial Processes Quickly by Rediscovering SAP ERP

Navigator SAP

As a business grows, the need for financial automation becomes clear. However, emerging companies also usually have the least amount of time for setting up backend systems that enable this financial automation. That’s where SAP’s powerful but reimagined ERP solution comes into the conversation, SAP S/4HANA Cloud Public Edition. Startups and growing businesses often are exhilarating places to work, but they aren’t where you go for more free time.

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Modernising finance reporting in support of ESG

Future CFO

The Workiva 2023 Global ESG Practitioner Survey reveals that 90% of surveyed practitioners agree that in the next two years, having a strong ESG reporting programme will give their organisation a competitive advantage. However, in the here and now, the same study reveals that businesses worldwide are grappling with ESG complexity, with 71% of respondents acknowledging that three or more internal teams are involved in their company’s ESG reporting processes.

Finance 98
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Zomato subsidiaries' auditor resigns, Deloitte Haskins & Sells to take charge

CFO News

Zomato's auditor resigns, clearing the path for Deloitte Haskins & Sells LLP's appointment, aiming to streamline audit processes and enhance efficiency, aligning with the holding company's management objectives.

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Weekend Reading For Financial Planners (May 11-12)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that the Department of Labor's (DoL's) new Retirement Security Rule (aka Fiduciary Rule 2.0) could save retirement plan participants $55 billion over the next 10 years (due to an expectation of more low-cost fees being offered in plans) and those rolling over workplace plans into IRAs to purchase annuities another $32.5 bill

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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FASB crafts workarounds to proposed expense rule’s pain points

CFO Dive

On the heels of new crypto accounting rules, the FASB’s proposed expense standards also represent a big change for many public company report preparers.

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ION-owned LIST connects FastTrade electronic trading system to the Luxembourg Stock Exchange

Reval

London – 15 May 2024: LIST, an ION company, today announces that it. The post ION-owned LIST connects FastTrade electronic trading system to the Luxembourg Stock Exchange appeared first on ION.

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MiB: Jim O’Shaughnessy, O’Shaughnessy Ventures

Barry Ritholtz

This week, we speak with Jim O’Shaughnessy, founder and CEO of O’Shaughnessy Ventures. He is also chairman of the board at Stability AI. He is the host of the Infinite Loops podcast and the author of How to Retire Rich , Invest Like the Best , and Predicting the Markets of Tomorrow. We discuss how the book What Works on Wall Street set the tone for his entire career as a quant.

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Ransomware attacks at India Inc down to 64%, yet costs soar: Report

CFO News

A recent report by Sophos unveils a decline in ransomware attacks on Indian companies, down to 64%. However, higher ransom demands and a shift in recovery tactics pose intensified challenges.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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The power of finance statistics: how to use data to propel your company forward

Cube Software

Data in modern finance: why is it important? In finance, data is the foundation of strategic decision-making. Financial statistics provide a clear picture of where your company stands and where it can go, informing everything from budget allocations to risk management and investment strategies.

Finance 52
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Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer

CFO Dive

The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.

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Chartis Research ranks ION Commodities as a leading technology provider for energy markets for the fourth time in a row

Reval

London – 28 February 2024: ION Commodities, a global leader in energy and. The post Chartis Research ranks ION Commodities as a leading technology provider for energy markets for the fourth time in a row appeared first on ION.

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Beyond automation: exploring the potential of hyperautomation

Jedox Finance

Hyperautomation is at the forefront of digital transformation, reducing workloads and eliminating uncertainty in planning and analysis. It’s a combination of technologies that can be used to automate processes under a unified system. Hyperautomation isn’t just about automation; it’s about hyper-speed, hyper-efficiency, and hyper-scalability. What is hyperautomation?

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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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Will EU's stringent ESG regulations impact Indian companies?

CFO News

Indian firms that proactively embrace ESG principles and align with EU standards can gain a competitive edge in accessing EU markets and attracting investment that prioritizes sustainability.

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Managing Your Company’s Inventory

CFO Simplified

Every business owner knows that one of their biggest assets is Inventory. But if your business doesn’t have shelves in a warehouse filled with products for sale, you might think that you don’t need to worry about all of the issues and problems that go along with managing, protecting and selling that inventory. Actually, there are different kinds of inventory, and as a result, every business has inventory.

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PCAOB adopts updated ‘foundational’ rules requiring faster audit filing

CFO Dive

The U.S. audit watchdog updated standards created two decades ago and aligned regulation with changes in technology.

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16 best cash flow management software for busy finance teams [in 2024]

Cube Software

These are our top picks for the best cash flow management software tools for finance and FP&A teams looking to manage cash flow and make forecasts in 2023.

Finance 52
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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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1000: When Culture Informs Strategy | Tucker Marshall, CFO, The J. M. Smucker Company

CFO Thought Leader

At just 16, Tucker Marshall unsuccessfully sought a humble beginning at The J. M. Smucker Company—not in the back office but on its lush grounds, hoping to cut grass. Such an early rejection—due to a company policy favoring employees’ families first—did little to deter him. Instead, it left with him an indelible admiration for the company’s culture and its loyalty to its extended family.

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US corporate finance leaders tighten belts amid geopolitical uncertainty: Survey

CFO News

The survey of more than 2,000 senior finance leaders nationwide revealed the top two priorities are cutting costs within the finance function and across the entire business.

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BMO Virtual Connect recognized for digital transformation and operational excellence

Bank of the West

Our customer contact centre, BMO Virtual Connect, has gained global recognition for its commitment to innovation and customer satisfaction. Most recently, we won the Business Transformation & Operational Excellence Award… Read more The post BMO Virtual Connect recognized for digital transformation and operational excellence appeared first on About BMO.

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Nerdwallet CFO champions user growth in face of credit, lending headwinds

CFO Dive

The former eBay and StubHub executive is keeping her eye on uncertainty in the banking sector and other headwinds following a mixed quarter.

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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.