Tue.Jun 11, 2024

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Why Outsourced CFO Services Are Perfect for Financial Forecasting

CFO Share

Accurate financial forecasting is crucial for small businesses, but developing and updating forecasts can be time-consuming, frustrating, and ultimately inaccurate. Precise forecasts provide the roadmap for future growth, but most small companies spin their wheels developing and maintaining forecasts. That’s why more and more are turning to virtual CFO services for forecasting.

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Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates

CFO Dive

Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.

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Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz

Global Finance

Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF : How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz : We are looking at ways to harness the power of such technology to simplify and make our internal processes more efficient.

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How CFOs can tap a holistic strategy to cut through indirect tax noise

CFO Dive

Taking a platform-based approach can help CFOs get a clearer handle on the data they need to comply with disparate indirect tax requirements.

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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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#FASuccess Ep 389: Generating $5M In Hourly Planning Fees In The Blue Ocean Of Consumer Demand, With Mark Berg

Nerd's Eye View

Welcome everyone! Welcome to the 389th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Mark Berg. Mark is the Founder of Timothy Financial Counsel, an RIA based in Wheaton, Illinois, that is on track to generate approximately $5 million in annual revenue this year serving 800 client households. What's unique about Mark, though, is how his firm has scaled from $1.8 million of revenue to $5 million, in only 6 years, and has maintained a 25% profit margin… al

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Transcript: Peter Mallouk, Creative Planning

Barry Ritholtz

The transcript from this week’s, MiB: Peter Mallouk, Creative Planning CEO , 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. ~~~ Bloomberg Audio Studios, podcasts, radio News. This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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IBM’s Apptio unit tests AI tool trained to tackle rising IT costs

CFO Dive

The effort comes as many finance leaders are grappling with out-of-control cloud expenses.

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1,008: Managing Change and Ensuring Stability | Erica Gessert, CFO, Upwork

CFO Thought Leader

In the throes of the Great Recession, Erica Gessert faced one of her first tests of leadership. As the head of investor relations for Virgin Mobile, she found herself navigating the collapsing financial sector. Key banks that were integral to the company’s operations began to crumble, and the economic landscape was fraught with uncertainty. Keeping investor concerns top-of-mind, Gessert was able to help steady Virgin Mobile and bring into full view the path leading beyond the crisis.

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Capital Investment for Waste and Recycling Companies

Commercial Credit Group

During WasteExpo 2024, Kevin McGinn, Sr. VP for Commercial Credit Group Inc. (CCG), moderated a panel discussion titled Capital Investments: Choosing Areas for Investment & Where to Get the Capital. Panel members included: Dan Christensen from CARDS Recycling , Martin Mattsson from Volvo Construction Equipment , and Rusty Angel from Machinex. This post highlights some of the important points from the session and provides some key takeaways that waste and recycling companies can use to guide

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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Navigating financial risk: tools and strategies for today’s finance leaders

Cube Software

Understanding financial risk Financial risk is the possibility of losing money or facing financial instability due to various internal and external factors. For finance leaders, understanding these risks is the first step in effectively managing them.

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Modi 3.0: Key ministers' strategies for transformative changes in India Inc and the economy

CFO News

ETCFO brings a curation of key ministries and ministers crucial for India Inc's future. From finance to commerce, and from MSME to Labour and Employment, explore their strategic roadmaps for the next five years.

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Sustainable reporting and its continual improvement

Future CFO

Hsiao Mei Chow , head of corporate reporting insights – sustainability at ACCA , and Sharon Machado , head of sustainable business at ACCA, discuss about the people, process and technology necessary to implement sustainability reporting. Their discussion focuses on stages 6 and 8 of the sustainability reporting cycle, which is the reporting and continual improvement.

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Ola Electric secures Sebi nod for Rs 5,500-crore IPO

CFO News

Ola Electric has received approval from Sebi for the first EV startup IPO in India. This would be among the biggest new-age IPO in India this year. Swiggy and FirstCry have also filed their draft IPO paper and awaiting regulatory clearance. The Bengaluru-based company is eyeing a $6-billion valuation through the public offering.

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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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The Mentoring Round | Ashley Johnson, CFO Planet

CFO Thought Leader

Inside The Mentoring Round, CFO Ashley Johnson emphasizes that financial planning and analysis (FP&A) should empower leaders to own their budgets rather than simply dictate them. She forbids the question, “Is this in my budget?” and instead encourages leaders to consider their priorities and trade-offs.She believes in a proactive approach to budgeting, where FP&A supports leaders in thinking beyond immediate needs to consider longer-term impacts and investments.

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SBI to use IT, GST data for quick sanction of MSME loans

CFO News

State Bank of India (SBI) has introduced SME Digital Business Loans, using data from income tax, GST returns, and bank statements for rapid credit assessment of MSMEs, enabling loan sanctions within ten seconds without human intervention. For loans up to Rs 50 lakhs, financial statements are waived in favor of transaction history and GST returns. This initiative aims to streamline MSME lending, reducing manual processes and enhancing efficiency.

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Chinese-Indian JVs may get Govt nod, but with a rider

CFO News

Government might consider permitting new Chinese-Indian JVs only if the Indian entity holds a majority stake. Several manufacturing initiatives, particularly in auto and electronics components, have faced delays over the past few years. However, with the government's revised stance and the successful conclusion of the JV between MG Motor India and JSW, discussions between these firms and Chinese counterparts have resumed.

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Aim to make Viksit Bharat by 2047: Commerce and industry minister Piyush Goyal

CFO News

Commerce and industry minister Piyush Goyal aims to make India a Viksit Bharat by 2047, emphasizing new opportunities for youth. Goyal, who recently took charge for the second time, is focused on promoting economic growth and addressing challenges ahead.

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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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Polls over, govt draws final sketch of 100-day action plan

CFO News

Proposals that are likely to figure in the immediate agenda include widening support for electric mobility, facilitation measures for startups, steps to broaden power transmission and distribution capacity, finalisation of hydropower policy, addressing digital privacy concerns and execution of the Bharatiya Nyaya Sanhita, which is replacing the Indian Penal Code.

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World Bank revises India's FY25 growth forecast to 6.6%

CFO News

The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, expecting India to remain the fastest growing economy, driven by public and private investment, and rising consumption.

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Budget 2024: All eyes on FM Sitharaman for next-generation reforms to sustain growth, create jobs

CFO News

Union Budget 2024: As Nirmala Sitharaman returns to North Block, the NDA government is placing a strong emphasis on continuity.