Tue.Dec 03, 2024

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Emergency Preparedness Best Practices: Planning for the “Unordinary” Days

CFO Selections

As I was working on this article, the region where I live was hit by a "bomb cyclone" – an ocean-generated storm that, while not rising to the level of the Atlantic and Gulf Coast hurricanes, still did plenty of damage to our electrical grid. The CFO Selections/ASP/Valtas Group headquarters and my home office were both without electricity for several days.

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Super Micro heeds committee call for new CFO amid process ‘lapses’

CFO Dive

The tech company probe’s findings come on the heels of Big Four firm EY resigning in October from its position as Super Micro’s registered public accounting firm.

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Trending Sources

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Uzbekistan Minister Laziz Kudratov On Country’s Sweeping Economic Makeover

Global Finance

Central Asia’s fastest growing and most diversified economy is being radically changed by reforms, rising FDI and high growth. Global Finance spoke with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade. Global Finance : Tell us about Uzbekistan’s transformation over the past eight years and what else you are looking to accomplish.

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Intel CFO takes interim co-CEO role after board ousts top exec

CFO Dive

CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a record loss of $16.6 billion for its most recent quarter.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Hoover Withdraws Discredited Article

Barry Ritholtz

You may have missed this little brouhaha over the Thanksgiving weekend. We posted an analysis of a deeply flawed (dare I say fabricated?) data analysis from the Hoover Institution. Dated August 7th, it seemed to have been overlooked during the Summer. (It went viral recently) Something about it seemed off — California’s economy is fairly robust, how could they be lagging national job creation so much?

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1054: AI as a Game-Changer for Revenue and Operations | Chris Nagy, CFO, SalesLoft

CFO Thought Leader

In March 2020, as global lockdowns disrupted industries worldwide, Chris Nagy encountered a pivotal moment as CFO. Overnight, his company lost 25% of its revenue due to the closure of in-person focus group facilities. Responding swiftly, Nagy redirected resources to fast-track a shelved video conferencing product. By year-end, the initiative recovered half of the lost revenue, reflecting his capacity to navigate crises with focus and efficiency.

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Nvidia CFO looks to ward against AI chip supply constraints

CFO Dive

The company is focusing on streamlining the supply chain for its newest AI chip in the face of rising demand, CFO Colette Kress said.

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Cost allocation emerges as priority for Asian finance leaders

Future CFO

Cost allocation has emerged as a strategic lever and finance transformation priority for finance leaders in Asia amid increasing pressure to boost finance operations and make data-driven decisions. This is the findings of a study by Ernst & Young LLP in Singapore and the Chartered Accountants Australia & New Zealand (CA ANZ), which found that effective cost allocation now plays an important role in the current business environment.

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Inside T. Rowe Price’s AI-driven spend transformation

CFO Dive

Steps to overhaul the company’s spending approach have resulted in cost savings of more than $40 million, according to procurement chief Harold Wu.

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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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How CFO Cyrus Lam Transformed Profit Margins and Aligned Teams for Success

CFO Thought Leader

Inside The Mentoring Round , CFO Cyrus Lam of Orion Innovation, shares a compelling finance strategic moment that transformed business outcomes. Lam explains how aligning sales and delivery teams through transparent metrics and shared goals doubled profit margins in one business line. He also discusses empowering his team, implementing systems for seamless operations, and fostering a collaborative culture where employees aspire to leadership roles.

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AI is becoming part of the CFO’s toolkit — like it or not

CFO Dive

The question for CFOs isn’t whether they need AI, but how long they can survive without it, says Runway CEO Siqi Chen.

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#FASuccess Ep 414: Narrowing Down The Focus To Byte-Sized Planning For Tech Employees To 10X To $50M AUM In Just 3 Years, With Eric Franklin

Nerd's Eye View

Welcome everyone! Welcome to the 414th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Franklin. Eric is the Managing Partner of Prospero Wealth, an RIA based in Seattle, Washington, that oversees $52 million in assets under management for 80 client households. What's unique about Eric, though, is how he was able to 10X his AUM to $50 million in just 3 years by focusing on working with his ideal target client (employees at big tech firms), which led to him

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Inside T. Rowe Price’s AI-driven spend transformation

CFO Dive

Steps to overhaul spending, including AI adoption, have resulted in cost savings of more than $40 million, according to procurement chief Harold Wu.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Balancing Cost and Service in Financial Management: A CFO’s Perspective

CFO Talks

Balancing Cost and Service in Financial Management: A CFO’s Perspective Every decision a CFO makes carries weight on the bottom line, the team’s efficiency, and the overall direction of the business. One of the toughest challenges in this role is finding the right balance between controlling costs and delivering the quality of service that stakeholders expect.

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Note from the Editor-in-Chief

CFO Dive

A change in ownership and what it means for our readers.

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India’s Services PMI recorded at 58.4 in Nov, job creation hits record high

CFO News

India's Services PMI eased marginally to 58.4 in November from 58.5 in October, according to S&P Global. The sector saw record job creation since 2005, driven by strong sales and growing export orders from Asia, Europe, and the US. However, input costs surged 15-month high, with output prices rising at a near 12-year peak.

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Family businesses indispensable for India to become USD 5 trillion economy: Jitendra Singh

CFO News

Union Minister Jitendra Singh highlights family businesses' pivotal role in achieving India's vision of a USD 5 trillion economy by 2047. Contributing over 70 percent to the GDP, their share is expected to rise to 80-85 percent. Government initiatives and resilience during crises underscore their importance.

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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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India's services sector saw strong growth in November, PMI shows

CFO News

India's services sector maintained robust growth in November. There was a significant rise in prices, the highest in over a decade. Despite this, strong demand led to increased business sentiment and record hiring. New orders from both domestic and international markets supported the growth. Companies passed cost increases to clients, causing a notable rise in prices.

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India's retail inflation likely to stay above 5 per cent in 2024: SBI Report

CFO News

India's consumer price inflation is forecasted to stay above 5 per cent in 2024. This persists despite lower vegetable and protein prices in November. Rural food consumption and imported inflation are significant factors. Government support through Direct Benefit Transfers has increased rural purchasing power. Meanwhile, urban demand has weakened due to depleted pandemic savings.

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India's GDP growth aim for FY25 further slashed to 6.3% by Morgan Stanley

CFO News

Morgan Stanley has reduced India's GDP growth estimate to 6.3% for this fiscal year. The slowdown was observed in the July-September quarter with GDP growth at 5.4%. However, recovery is anticipated in the second half of FY25, driven by government spending and improvements in rural demand. The Reserve Bank of India is expected to keep interest rates unchanged.

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India's industrial & logistics construction to exceed 60 million square feet: Report

CFO News

India's rapid urbanisation, robust infrastructure development, and economic growth have collectively driven significant demand, boosting construction activity in the industrial and logistics sector and supply, which is projected to surpass 60 million square feet annually over the next 3-4 years, a report said on Tuesday.

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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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RBI MPC meeting begins today: All eyes on central bank's action on rising inflation

CFO News

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting began in Mumbai today and will run until December 6, with decisions announced on December 6. The meeting comes amid economic challenges, including lower-than-expected GDP growth, high inflation, and declining production levels.

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TKIL in talks with oil marketing firms to manufacture green hydrogen, put up retail infra

CFO News

Mumbai's TKIL Industries has acquired a stake in Swiss company Sohhytec SA, enabling it to access technology to produce green hydrogen directly from solar energy. TKIL plans to leverage this technology to create pressurized hydrogen, set up infrastructure for storage and vehicle filling, and engage with industries like steel plants.

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AstraZeneca Pharma wins key ITAT order on corporate tax and transfer pricing

CFO News

AstraZeneca Pharma India has received an order from the Income Tax Appellate Tribunal related to assessment years 2017-18 and 2018-19. Complete relief has been provided on the corporate tax grounds. The Tribunal has referred the transfer pricing issue back to the Assessing Officer for review and further action. The Company will follow the directions given by the Tribunal.

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Indian hospitality sector shows optimism amid growth and digital transformation

CFO News

A new report from Booking.com and Statista reveals Indian hoteliers' optimism for the future, underpinned by strong business performance, growing investments, and increasing adoption of digital technologies. Despite challenges, the sector remains poised for growth, with a focus on enhancing service offerings and leveraging online platforms.

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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