Tue.Sep 03, 2024

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Data diamonds: mining a wealth of value from BMO’s metadata 

Bank of the West

High-quality, discoverable, accessible and secure data is foundational to building a digital first, future-ready bank. That’s why BMO has streamlined the discovery of data across the bank with our latest… Read more The post Data diamonds: mining a wealth of value from BMO’s metadata appeared first on About BMO.

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Paysafe taps FIS alum for CFO amid growth pivot

CFO Dive

The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.

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Trending Sources

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Corporate Bankruptcies Are Rising Globally

Global Finance

Bankruptcy filings are piling up all over the world now that government emergency supports linked to the Covid-19 pandemic have diminished. In the US, the world’s largest economy, more corporations went under in the first half of 2024 than in any comparable period since 2010. In total, 346 companies filed for Chapter 11 bankruptcy, according to Standard & Poor’s Global Market Intelligence.

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Developing a winning tech strategy for your organization

CFO Dive

Business leaders must embrace team cross-functionality if they want their tech strategy to succeed, Deloitte’s Frank D’Amelio and John Marcante write.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Starbucks’ New CEO Creates Buzz For A Turnaround

Global Finance

Brian Niccol is going from burritos to baristas. The Chipotle CEO is ending his time at the Mexican grill chain and plans to start as top boss at Starbucks on September 9. Niccol, 50, replaces Laxman Narasimhan, marking what observers deem a new beginning for the renowned coffee franchise. Under Narasimhan, Starbucks faced a litany of challenges related to unionization efforts and stunted sales growth across the globe, particularly in China.

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TSMC Starts Building Its First European Chip Plant

Global Finance

Taiwan Semiconductor Manufacturing Company, the world’s biggest semiconductor chip maker, broke ground in early August on its first facility in Europe, an $11 billion fabrication plant in Dresden, Germany. TSMC holds a 70% stake in the venture, called the European Semiconductor Manufacturing Company, with German automotive chip maker Infineon Technologies, the Netherlands’ NXP Semiconductors, and automotive parts supplier Bosch each taking a 10% stake.

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ESG controllers: The newest finance hires

CFO Dive

Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said.

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Ghana: Domestic Funding For Cocoa

Global Finance

Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening. Ghana is the world’s second-largest producer of the commodity key to the manufacture of chocolates; its Cocoa Board says the decision to wean the economy off a 32-year-old syndicated external borrowing arrangement will “create mo

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Deepfake scams escalate, hitting 53% of businesses

CFO Dive

Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Full responsibility for principal auditor in NFRA's new auditing standards irks ICAI

CFO News

The ICAI has confirmed concerns about NFRA's proposed revisions to SA 600, highlighting potential risks of audit centralisation and negative impacts on small and medium practices in India.

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ION Commodities elevates maritime logistics, integrating ION CTRMs and Softmar

Reval

London – 04 September 2024: ION Commodities, a global leader in energy and. The post ION Commodities elevates maritime logistics, integrating ION CTRMs and Softmar appeared first on ION.

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Nestlé Board’s Surprise Move Taps Insider To Lead Company

Global Finance

In a surprise announcement, global food giant Nestlé has named 38-year company veteran Laurent Freixe as CEO, effective September 1, replacing outgoing Mark Schneider. The move reportedly came the day after a board meeting at which Schneider was asked to step down. “[This] is another sign that this is not a planned transition,” Bruno Monteyne, managing director and senior analyst with research firm Bernstein, told Reuters.

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How CFOs can leverage taxes strategically

Future CFO

Chief financial officers must have a hold of the tax function in their respective organisations as it can serve as a business enabler to create value. Mayank Goel , Partner Indirect Tax at KPMG India , says that from the point-of-view of a CFO, visualising this involves integrating tax planning seamlessly into the broader corporate strategy. Mayank Goel According to Goel, CFOs can leverage taxes strategically and navigate tax policy discussions effectively through various measures. 1.

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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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Transcript: Heather Brilliant, Diamond Hill

Barry Ritholtz

The transcript from this week’s, MiB: Heather Brilliant, Diamond Hill , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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Valtatech integrates with Microsoft to drive Malaysia’s e-invoicing transformation

Future CFO

Source-to-Pay (S2P) and Procure-to-Pay (P2P) specialist Valtatech is integrating with Microsoft Dynamics 365 and the Pax8 marketplace to drive Malaysia’s ongoing e-invoicing transformation, according to a press release. The move comes following the financial process automation provider's accreditation by the Malaysian Digital Economy Corporation (MDEC) as a pilot e-invoicing service provider for MDEC and Lembaga Hasil Dalam Negeri (LHDN).

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Senegal: Natural Resource Audit Makes Foreign Operators Nervous

Global Finance

African governments have a penchant for spooking foreign multinationals operating in natural resource sectors, especially in mining and oil and gas. Senegal, the newest entrant to the league of oil producers, is also the latest to unleash consternation. The government of new President Bassirou Diomaye Faye has set up a commission to audit Senegal’s natural resource agreements, with the aim of “reexamining and rebalancing” them to match the West African nation’s interests.

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#FASuccess Ep 401: One-On-One Advice Through Financial Wellness Programs To (Profitably) Expand The Reach Of Financial Planning, With Zack Hubbard

Nerd's Eye View

Welcome everyone! Welcome to the 401st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Zack Hubbard. Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors, an RIA based in Towson, Maryland, that manages $2 billion of private wealth assets under management for 1,300 client households and advises on an additional $5 billion in retirement plan assets.

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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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Two Decisions And A Duel

Global Finance

VOL. 38 NO. 8 The end of the summer in the Northern Hemisphere coincides this year with heightened expectations related to two major upcoming events. Both have been announced, but their outcome and potential consequences are uncertain: the November elections in the US and the Federal Reserve’s cut in interest rates. The Fed and chairman Jerome Powell have recently been pretty clear: the cut—or cuts—are coming.

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Ep 38: Strategic Relationship Building in FP&A

CFO Thought Leader

In this episode of Planning Aces, Jack Sweeney and Brett Knowles discuss the evolving role of FP&A professionals, emphasizing the importance of relationship-building and strategic collaboration within organizations. As summer ends and fall approaches, Brett predicts a surge in business activity, particularly as companies rush to meet year-end objectives.

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Longtime DBS CEO Names First Female As Chief

Global Finance

After 15 years at the helm, Piyush Gupta announced last month that he will step down as CEO of DBS Bank in March 2025, to be succeeded by Tan Su Shan, who will become the bank’s first female head and first internal candidate to be chosen for the top spot. Tan, 56, joined the Singaporean multinational lender in 2010. She will spend the transition period as deputy CEO alongside her present role as group head of Institutional Banking.

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India’s Services PMI rises to 60.9 in August; Finance & Insurance lead performance

CFO News

Among the four sub-sectors tracked, Consumer Services saw the steepest rise in input costs in August. Meanwhile, charge inflation was most pronounced in Transport, Information, and Communication sectors. Finance & Insurance as the best performing area of India's service economy regarding both output and new business.

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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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Bangladesh: Nobel Laureate Steps Up To End Political Crisis

Global Finance

When Sheikh Hasina secured a fourth consecutive term as head of Bangladesh’s government this past January, her 15-year grip on power seemed unshakeable. By August, after weeks of student protests over a government jobs quota system said to favor her party’s affiliates, she had resigned as prime minister and fled to India. Nobel laureate Muhammad Yunus is now tasked with stabilizing the country of more than 170 million and steering it through economic and democratic reforms.

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STEER World appoints Dhiraj Tiwari as CFO

CFO News

In this role, Dhiraj will be responsible for overseeing the company's financial operations, including budgeting, forecasting, reporting, and auditing. He will also be an integral part of the executive team, contributing to strategic decision-making.

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ICAI's AI tools gain popularity among chartered accountants

CFO News

Plans are underway to integrate case laws from key departments such as the Central Board of Direct Taxes (CBDT) and the National Company Law Appellate Tribunal (NCLAT) in its AI offering.

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Mounting worries for Madhabi Buch: Sebi officials flag ‘toxic’ work culture to government

CFO News

Sebi officials have complained to the finance ministry about a toxic work culture under chairperson Madhabi Puri Buch. The letter accuses the leadership of using harsh language, setting unrealistic targets, and monitoring employees excessively. Sebi claims issues have been addressed, but concerns about mental health and work-life balance persist.

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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.