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By Elias MurrayMetzger As the Chief Financial Officer of Botrista, growth is often a high-touch and high-demand focal point of my days. During the past year our company has grown from an ambitious startup to a prominent market leader in data-fueled beverage automation. With the recent closing of our Series C funding , we are poised to grow at an even faster rate.
The online training scandal comes about two years after the Securities and Exchange Commission fined EY $100 million for cheating by its auditors on ethics exams.
Boeing faces labor strikes, production issues, and regulatory scrutiny. To offset financial ruin, the company is selling $15 billion of common stock and mandatory convertible bonds. The sale is part of an ongoing initiative to stabilize finances and protect Boeing’s investment-grade credit rating while minimizing shareholder dilution. The financing structure lets the company count bonds as equity, hopefully eschewing concerns about its debt load, a critical factor in maintaining its credit ratin
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How to Keep Cash Flow Strong by Managing Customer Credit Risk Imagine your business is buzzing, sales are growing, and orders are coming in strong. Yet, when you look at the cash flow, something’s off – money isn’t lining up with the sales you’re making. This disconnect often comes down to one critical issue: customer credit risk. For CFOs, understanding and managing this risk isn’t just about avoiding losses; it’s about keeping your business financially stable, especially in times when cash
The tech giant’s stock price fell after its third-quarter earnings report, as the company faces growing Wall Street angst over its ballooning AI expenditures.
The tech giant’s stock price fell after its third-quarter earnings report, as the company faces growing Wall Street angst over its ballooning AI expenditures.
The GCC’s Shariah-compliant institutions are growing their assets and expanding their reach, thanks to new strategic partnerships and greater tech investment. Islamic banks based in the Gulf Cooperation Council (GCC) countries continue to expand their reach, taking on Shariah-compliant transactions in new industries and establishing new strategic partnerships.
The faster-paced gain in the core personal consumption expenditures price index coincided with reports of unexpected strength in the economy and household spending.
Driven by rising demand, corporates are seeking specialized financial expertise without committing to full-time hires. Growing numbers of experienced chief financial officers are abandoning the corporate grind to take freelance roles for multiple clients—whether in parallel or on a serial basis. “The demand for [freelance] professional CFOs has approximately doubled” in recent years, says Eusebi Llensa, co-founder and CEO of Outvise, a Barcelona-based marketplace for high-end independent contrac
Broadridge Financial Solutions, Inc. launched a new digital asset information platform to help financial intermediaries comply with regulatory guidelines. According to a press release, the The Broadridge® ClearFi solution provides investors with user-friendly information on digital assets, helping broker-dealers, exchanges, and wallet providers provide their clients and participants with useful on-chain and off-chain information about digital assets, including cryptocurrencies, stable coins, and
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Strengthened balance sheets secure China’s retention of the top spots in this year’s rankings. Global Finance ’s 2024 ranking of the world’s 50 largest banks highlights institutions that have built powerful franchises in their respective markets, with extensive rosters of corporate, commercial, and retail clients. Their sheer size makes them industry leaders, and by leveraging thier diverse banking platforms they have grown their balance sheets.
For many years, the traditional career track for financial advisors has been an 'eat what you kill' model – where advisors must independently find, convert, and manage their own clients. As such, it isn't uncommon for an advisor's first few years to be characterized by long hours, high rejection rates, and low pay. For many, this can be a stressfully prolonged period that typically eases only as advisors build their client base and establish themselves in the industry.
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Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
El Salvador took advantage of September’s bumper national debt sales to refinance its external debt through a special purpose entity via JPMorgan Chase. Putting its entire $7.2 billion external debt for tender, the country eventually agreed to buy back $1.03 billion, or 14% of its bonds set to mature between 2027 and 2052. Bonds with earlier maturity dates are more popular for resale by bondholders.
Members’ Profile: Rowen Pillai In this edition of CFO Club Africa’s Members Spotlight, we are introducing Rowen Pillai, the Chief Executive Officer of Lean Technovations Pty Ltd. Rowen’s career in finance and leadership has positioned him as an influential figure, serving in executive roles across various sectors, including transportation, investment, and industrial management.
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Budgeting for 2025 requires more than just setting annual goals. In today's dynamic economic environment, businesses need a clear, continuously updated view of cash flow in the short to mid term in order to confidently make decisions and seize opportunities. That's where a 13-week rolling cash flow forecast becomes invaluable.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
A weak economy hasn’t stopped Chinese banks from expanding their balance sheets; once again, they dominate our rankings. China continues to search for antidotes to an ailing economy and the deterioration of its real estate market, and the banking sector continues to expand. GDP growth rose to 5.2% in 2023, up from 3% in 2022, but it is now forecast by the International Monetary Fund (IMF) to fall to 4.8% in 2024 and further, to 4.5%, the following year.
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PB Balaji, Tata Motors' finance chief, is expanding his influence within the Tata Group companies, being appointed to boards like Air India and Titan. Hand-picked by chairman N Chandrasekaran in 2017, Balaji has been instrumental in Tata Motors' turnaround, focusing on debt reduction, operational efficiency, and electric vehicle initiatives. Tata Motors is now debt-free in India with positive cash reserves.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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