Thu.Jul 11, 2024

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Yooz: Closing the finance strategy perception gap

CFO Dive

To drive strategic transformation, CFOs need to connect with their finance teams to figure out what’s holding them back, Yooz’s John Gronen said.

Finance 224
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Will AI take all the accountancy jobs?

Future CFO

Imtiaz Ahmad FCCA speaks from his years of experience about how different technologies have changed accounting , and the benefits of artificial intelligence in his own practice. ACCA UK’s Head of Technology Alistair Brisbourne , PhD talks on ACCA’s ‘AI in the Finance Profession’ report, including surveys on the concerns of current ACCA students and members, and describes the ways in which he believes AI is going to affect the roles of accountants within organisations in years to come.

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Trending Sources

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GenAI spending frenzy shifts as revenue emerges as top ROI priority

CFO Dive

Revenue generation has overtaken productivity as C-suite leaders’ primary return-on-investment metric for generative AI spending, KPMG found.

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In a surprising turn, inflation turned to deflation in June

Tips Watch

For the markets and the Fed, June’s inflation report was positive news. By David Enna, Tipswatch.com As soon as I arrived in Geneva, Switzerland, this afternoon, I began looking for news on the June inflation report.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Costco hikes membership fees 8% as inflation eases

CFO Dive

The long-anticipated increase marks the first time since 2017 that the global retailer has raised its membership fees.

Retail 236

More Trending

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Former tech CFO sanctioned in UK over fraud after US jail sentence

CFO Dive

The ex-finance chief of software vendor Autonomy is banned from working as an accountant in the U.K. until November 2038.

CFO 147
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BMO’s Online Banking for Business Design Concept Wins 2024 Red Dot Award

Bank of the West

At BMO we’re always looking for ways to improve the customer experience for our clients. And that work is getting recognized; we’re the first bank in Canada and the U.S.… Read more The post BMO’s Online Banking for Business Design Concept Wins 2024 Red Dot Award appeared first on About BMO.

Banking 59
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@Work Podcast:

Focus CFO

Michael Stier joins the @Work Podcast to talk all things Fractional CFOs - including why finding the fit for your company's culture is an important factor when choosing a CFO, and how we help our clients build sustainable, transferable value in their business.

CFO 52
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Banking sector witnessing a decade-high performance: RBI

CFO News

As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).

Banking 52
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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Guarding Against the RockYou2024 Password Leak: A guide to check your exposure and enhance your cybersecurity

E78 Partners

The recent RockYou2024 password leak has caused much concern, affecting millions of users worldwide. A massive collection of over 10 billion plaintext passwords was leaked on the Dark Web over the 4th of July weekend, raising questions about online security. What is RockYou2024? RockYou2024 is named after RockYou, a social media company that experienced a similar breach in 2009, which exposed 32 million passwords.

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A Modern Nonprofit Podcast: Expressing Mission Through Video Storytelling

The Charity CFO

Welcome to another episode of a Modern Nonprofit Podcast! Today we will focus on the conversation with Pat Taggart, Chief Creative with Sky Blue Creative. The firm Sky Blue Creative is in the business of helping both for profit and nonprofits tell their story and share their missions through video media. The Importance of Winning Hearts (& Donations) If you’ve ever been to a non profit fundraising event, hopefully it’s been obvious to you what the organization stands for and how the

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Your CFO was wrong. Now what?

CFO Share

Perhaps your forecast was far off, the company unexpectedly ran out of cash, or your CFO embarrassed themselves in a board meeting. You feel shaken and disturbed – your CFO was trusted to handle these tasks. Now what? Do they need to be replaced, or was this a one-off mistake? A short-sighted CEO reacts quickly and fires the CFO in an emotional fit.

CFO 52
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Stories of Progress: Native American BMO banker breaks down barriers in Wisconsin

Bank of the West

At BMO, our commitment to creating a path to real financial progress is a priority. Recently, our Zero Barriers to Business initiative has been expanding further into the Indigenous community… Read more The post Stories of Progress: Native American BMO banker breaks down barriers in Wisconsin appeared first on About BMO.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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Bombay Dyeing CFO Vinod Jain steps down

CFO News

He tendered his resignation on April 13, 2024, as stated in the BSE announcement. Prior to Bombay Dyeing Manufacturing Company, he has served as the CFO of Essar Power, and Vadinar Oil Terminal Limited.

CFO 40
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The Mentoring Round | Mark Khavkin, CFO, MinIO

CFO Thought Leader

Inside the Mentoring Round, CFO Mark Khavkin of MinIO explains how as a CFO his interactions with customers in the past allowed him to detect discrepancies between how his prior company and its customers perceived pricing and value, leading him to refine the pricing strategy based on customer insights. When it comes to building relationships with customers Khavkin suggests that CFOs begin by building trust with their CEO and executive team to facilitate customer interactions.

CFO 52
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Tupperware Brands CFO Mariela Matute to exit amid financial struggles

CFO News

In March, the company issued a warning regarding its uncertain future, highlighting a liquidity crunch and questioning its ability to continue as a going concern. The decline in demand for Tupperware's products has severely impacted its financial stability.

CFO 40
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Thinking About the Sahm Rule…

Barry Ritholtz

@TBPInvictus here: The most recent Employment Situation Summary a/k/a “jobs report” a/k/a NFP showed a healthy gain in jobs, albeit with some meaningful downward revisions to prior months. It also showed an unemployment rate of a still-low 4.1%. That rate is calculated by taking the unemployment level (Numerator) and dividing it by the labor force (Denominator).

Economics 115
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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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UP's sops for hybrid vehicles irk EV companies, add to industry's June sob story

CFO News

Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in the January-June period to 46,845 units. That's down from a 135% surge in the same period last year, prompting Tata Motors and others to recalibrate expectations.

Sales 40
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Scaling Insights Across 85 Dunkin’ Franchises With Microsoft Fabric

Collectiv

For restaurant franchisees, especially those with a large network of restaurants under their umbrella, data is one of the most valuable assets for making better decisions and driving operational efficiency. But with so many teams in so many locations, the sheer scale and complexity make data challenging to centralize and leverage consistently. Bluemont Group is a Dunkin’ Donuts franchisee with 85 locations that span seven different states across the nation.

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Centre notifies GST council decision on corporate guarantee, GSTR1 reconciliation

CFO News

The Central Government of India (CGS) has announced that goods and services tax will be applied to the 1% per annum corporate guarantee fee, effective from October 23, 2023. The move is expected to provide relief to businesses facing cash flow concerns and restrict the deemed valuation to domestic transactions. The GST Council also capped the maximum fee for filing appeals in the GST Appellate tribunal at Rs 25,000 and the minimum fee at Rs 5,000.

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Digitalisation will drive the next growth wave for MSMEs: MeitY Secretary

CFO News

S Krishnan, Secretary of MeitY, says digitalisation is essential for MSMEs’ growth. Therefore, collaboration between MeitY and MSMEs is the need of the hour to spur the segment’s growth using digitalisation.

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How Top CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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Policy stability, tax cuts needed for Oil & Gas exploration: Vedanta

CFO News

Top executives from Vedanta, BP India, and ONGC are urging India to ensure stable policies and lower taxes to boost oil and gas exploration. Steve Moore of Vedanta stressed the need for contract extensions and adjusted tax terms to support significant investments in enhanced oil recovery. BP India's Kartikeya Dube emphasized policy stability and suggested including natural gas in the GST.

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Paint companies sparkle on price rise, but ‘gains could be short-lived’

CFO News

Paint shares surged due to price hikes, led by Indigo Paints at 10.7 per cent. Analysts foresee short-lived gains and pressure from Birla Opus. Nomura views price hikes favorably. Despite underperformance in 2024, Q1 earnings may be muted, keeping stocks range-bound. Anand Rathi sees opportunities. Elara Capital cites margin pressure and muted FY25 earnings, advising strategic investment.

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SMEs may get to turn the page in book of accounts; new norms likely to ease compliance burden

CFO News

In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising the turnover limit to Rs 75 crore in any of the past three years to maintain and audit cost records.

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Sebi set to auction HBN Dairies' properties in August 2024

CFO News

This came after the Supreme Court in its order dated May 14, 2024, authorised Sebi to sell the assets of HBN Dairies & Allied Ltd (HBN) with the active involvement of the liquidator.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a