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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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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Trending Sources

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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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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Lok Sabha passes Banking Laws Amendment Bill

CFO News

Noting that all public sector banks are turning profitable, Finance Minister Nirmala Sitharaman said on Tuesday that banks are being professionally run under the Modi government and the total branches of all scheduled commercial banks have increased by 3,792 in a year to reach 1,65,501 in September 2024.

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More Trending

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ICAI Elections 2024: Veteran chartered accountants call for tech-driven voting, term limits, youth diversity, and canvassing ban

CFO News

Experts including Ashok Haldia, Amarjit Chopra, and Shiva Kumar highlight the urgent need for modernisation, elimination of undue influence, and the promotion of diversity and merit.

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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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BlackRock to buy HPS Investment for $12 bn in major private credit push

CFO News

BlackRock plans to acquire HPS Investment Partners for about $12 billion in an all-stock deal to expand its presence in the burgeoning private credit market. The acquisition is set to close in mid-2025 and aligns with BlackRock's strategy to grow within alternatives, leveraging HPS's substantial $148 billion assets under management.

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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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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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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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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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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Note from the Editor-in-Chief

CFO Dive

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

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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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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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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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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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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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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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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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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.