Mon.Oct 14, 2024

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What to do if your company is buried in debt—or how to avoid it

CFO Dive

Bank of Texas talks “zombie companies” and offers advice for companies buried in debt and those looking to avoid it.

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Disaster And Opportunity

Global Finance

Natural disasters are dramatically impacting Latin American economies. But the region could become a global leader in boosting green solutions. The year 2023 cost Latin American economies an estimated $20 billion in destruction from natural calamities: the highest total since Hurricane Maria hit Puerto Rico in 2017. Numbers-wise, the regional impact and cost are in line with such events elsewhere on the planet.

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Trending Sources

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Deloitte joins backers of 120-credit hours CPA licensure option

CFO Dive

KPMG and now Deloitte have endorsed a proposed change in CPA licensure requirements allowing candidates to replace a fifth year of schooling with work experience.

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Empowering Employee Advisors Who Struggle With Business Development By Narrowing Them Into A Niche

Nerd's Eye View

Independent Registered Investment Advisors (RIAs) often face significant challenges in attracting advisors who can proactively generate new business. Many employee advisors gravitate toward service-oriented roles; this preference often stems from their initial motivation for entering the profession – wanting to help clients or perform the more analytical aspects of investing and financial planning.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Female CFOs, CEOs at big companies outearn male counterparts

CFO Dive

Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.

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More Trending

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Lightpath CFO aims to drive finance team’s strategic focus

CFO Dive

Newly-minted CFO Rachel Stack wants to ensure Lightpath’s financial talent has the tools they need to think more strategically.

CFO 265
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Latin America: The New Wealth Battleground

Global Finance

The race for Latin American and Caribbean ultrawealthy assets is on, as global powerhouses compete with local giants. Multinational and behemoth private banks increasingly view Latin America as a cornerstone of their growth strategy. Recently, global giants including Citi, UBS, BBVA, and Santander have revamped their teams and opened new divisions in the region, aiming to leverage their leading global offerings for a larger piece of the wealth pie.

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Achieve financial excellence with IFS cloud. Learn how at the Orlando Gartner IT Symposium

CFO Dive

Empower your CFO strategy—book a personalized demo with IFS Cloud at Gartner IT Symposium!

CFO 261
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10 Columbus Day AM Reads

Barry Ritholtz

My back-to-work-because-Columbus-Day-is-no-longer-a-market-holiday morning reads: • If you think grocery prices take a big bite out of your paycheck in the US, check out the rest of the world : What’s more, it’s important to note that food prices in the U.S. — relatively speaking — are the cheapest in the world, and have been for a long time.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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AT&T, Broadcom move toward settling legal feud

CFO Dive

The two parties told the New York Supreme Court Friday they were making progress in resolution discussions over VMware support services.

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Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors ahead of IPO

CFO News

Hyundai Motor India on Monday said it has raised Rs 8,315.28 crore from 225 anchor investor at Rs 1,960 per share (the upper end of the price band), a day before its public issue opening.

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Stepping Up For The Unbanked

Global Finance

With Brazil in the lead, Latin America is rapidly growing an innovative coterie of fintechs, filling service gaps ranging from credit to payment platforms to mobile banking. Latin America has established itself as a magnet for fintech investment. The region received $15.6 billion in investments for financial technology providers over the past 10 years, with Brazilian companies making up 66.7% of the total, according to consultant Distrito’s Fintech Report 2024.

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PLI scheme for white goods: 38 firms commit investments worth Rs 4,121 crore

CFO News

In a boost for local manufacturing, 38 companies have applied for the PLI scheme for white goods (air conditioners and LED lights) with a net committed investment of Rs 4,121 crore in the third round, the government informed on Monday.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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1,042: From the Diamond to the Board Room: A CFO’s Journey | Max Krakowiak, CFO, Revvity

CFO Thought Leader

Max Krakowiak stood on the pitcher’s mound, ignoring the first drops of a Seattle rain. A shout from a less-than-faithful fan filled his ears as he prepared to throw his next pitch. In this moment, he had no idea that his baseball career was about to take an unexpected turn, as a random off-the-field injury would soon end his time in the minor leagues and force him to hang up his cleats.

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How to Scale a Nonprofit Organization with Sarah Silvestri

The Charity CFO

If you want to scale a nonprofit organization, it’s going to take a lot of discipline and patience. On a recent episode of the Modern Nonprofit podcast, host Tosha Anderson sat down with Sarah Silvestri, co-founder of Executive Arm , to discuss the challenges and strategies for scaling nonprofit organizations. With over 15 years of experience in the nonprofit sector, Sarah shared valuable insights on how founders can navigate the complexities of growth while maintaining their passion and v

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India's online gaming sector projected to reach $60 billion by 2034

CFO News

India's online gaming sector, currently valued at $3.1 billion, has the potential to expand to a staggering $60 billion by 2034 amid challenges surrounding regulation and taxation, a report showed on Monday.

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Argentina: A GenAI Seedbed

Global Finance

Despite recession and economic turmoil, Argentine tech startups are carving a niche as Latin American leaders. Few financial reports coming out of Argentina sound hopeful; the slew of economic calamities that have plagued the South American nation for the better part of the last decade can seem endless. Yet, Argentina has continued to register as a bright spot in two significant areas: resilient entrepreneurialism and technology adoption and innovation.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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IMF says global public debt to top $100 trillion, growth may accelerate

CFO News

Global public debt is forecasted to exceed $100 trillion, with the IMF warning it may grow faster due to increased spending. U.S. tax cut plans and campaign promises ahead of the presidential election could add trillions to deficits. The IMF urges fiscal consolidation, but current efforts are deemed insufficient to stabilize debts.

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Latin America: Getting The Development Formula Right

Global Finance

Governments in Latin America and the Caribbean are kick-starting infra-structure projects, hoping to join the nearshoring boom. But corruption and other hurdles persist. Mexico’s President-elect Claudia Sheinbaum announced three new passenger train lines in July as one of her victory promises, highlighting a potential traffic jam for the country’s nearshoring boom and a larger regional need for infrastructure investment.

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Govt pushing all levers to sustain high economic growth: FM Sitharaman

CFO News

Finance minister Nirmala Sitharaman announced that the government is working to maintain high economic growth. She noted that bodies like the IMF and World Bank recognize India's strong economic prospects. Sitharaman highlighted India's potential in Industrial Revolution 4.0 due to its young, innovative population.

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Leveraging a CFO to Prevent Business Fraud

CFO Selections

According to the 2024 Report to the Nations by the ACFE (Association of Certified Fraud Examiners), organizations lose 5% of their revenue to fraud annually. That equates to a more than $5 trillion loss to fraud globally every year. And while we tend to hope that this kind of thing is happening somewhere else instead of in our backyard, the bulk of this fraud isn’t occurring overseas.

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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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GCCs in India to raise hiring 20-25% in next six months on BFSI, manufacturing push

CFO News

Industry leaders anticipate a significant uptick in recruitment across various sectors, driven by both domestic initiatives and global economic dynamics. However, experts caution that several economic challenges could impact recruitment strategies.

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Massive Microsoft Fabric Update: More AI Features and FabCon Europe Announcements

Collectiv

This month’s episode of Fabric Threads is a jam-packed mega-episode that covers updates from the past two months, as well as the biggest announcements from FabCon Europe. Our team is back from Stockholm and still running on the excitement of being around so many other Fabric enthusiasts. While we were there, we were constantly on the lookout for the latest and greatest topics to discuss on this show, and we definitely didn’t come home empty-handed.

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Wipro makes it mandatory to work three-days from office: Here's what co's HR head said on new hybrid work policy

CFO News

Wipro has introduced a new hybrid work policy requiring employees to work from the office three days a week. The policy focuses on a balanced work environment, fostering collaboration, flexibility, and trust. Employees can select their in-office days and work remotely on specified days, supporting personal well-being and caregiving responsibilities.

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Nvidia notches record close, could unseat Apple as most valuable company

CFO News

In June, Nvidia briefly became the world's most valuable company. It was overtaken by Microsoft, and the tech trio's market capitalizations have been neck-and-neck for several months.

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Solve Your Firm's 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.