Tue.Mar 05, 2024

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Legacy tech stymies cost-cutting innovations

CFO Dive

Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as the top barrier, Deloitte found.

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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

 The transcript from this week’s, MiB: David Snyderman, Magnetar Capital , 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 not an official transcript. 00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg R

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Gender diversity on boards correlates with high credit quality: Moody’s

CFO Dive

Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.

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980: A New Era for Legal Services | Eric Bouchard, CFO, Axiom

CFO Thought Leader

Perhaps no single experience better reveals the breadth of challenges that regularly test even the most stoic of finance career-builders than that which confronted Eric Bouchard a little more than a decade ago at Bombardier, Inc. Tasked by management with negotiating the establishment of a new aerospace facility, Bouchard navigated through complex discussions with the Moroccan government, balancing the interests of Bombardier and the aspirations of a nation.

CFO 52
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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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Pay roundup: States where minimum wage is on the rise

CFO Dive

A growing number of states are raising minimum wages: Delaware, Illinois and Rhode Island are expected to raise their levels to $15 in 2025, according to NELP.

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More Trending

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Former Twitter CEO, CFO sue Musk for $128M in unpaid severance

CFO Dive

Elon Musk vowed a “lifetime of revenge” against former Twitter leadership following the stormy lead-up to his takeover of the floundering social media site.

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Pre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg

CFO News

Tiger Pacific Capital acquires 4% of B9 Beverages for $25 million, strengthening its capital base. The acquisition includes strategic partners and blue chip financial sponsors across geographies. Ankur Jain plans to raise $50 million for pre-IPO companies and listed securities.

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Tech startup Slice raises $7M for equity compensation platform

CFO Dive

The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.

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Sebi likely to issue order on JM Financial

CFO News

An email sent to Sebi didn't elicit any response. In response to an email query from ET, a JM Financial spokesperson said, "Sebi has sought some information as part of fact-gathering exercise. We would like to categorically refute our alleged role in inflation of IPO subscription numbers.

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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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#FA Success Ep 375: Running 20+ Client Meetings Per Week By Systematizing The Meeting Prep And Follow-Up Process, With Rob Schultz

Nerd's Eye View

Welcome back to the 375th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rob Schultz. Rob is the Senior Partner of NWF Advisory, a hybrid firm based in Los Angeles, California, where he oversees nearly $500M in assets under management for 200 client households. What's unique about Rob, though, is how he's systematized his meeting process, from his meeting prep down to a standardized agenda flow that allows him to dig into client-specific details while also main

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Higher rated companies have larger proportion of women on board, says Moody's

CFO News

Companies based in advanced economies reflect a correlation between board gender diversity and credit ratings, but those in emerging markets do not, it said. This study considered 24 companies rated Aaa, 146 companies rated Aa, 728 companies rated A, 1,165 companies rated Baa, 582 companies rated Ba, 394 companies rated B, 90 companies rated Caa and nine companies rated Ca.

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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

One of the questions we frequently receive from our readers is, "Which SaaS solution will have the biggest impact on my company?" Given the multitude of answers and approaches available online, we've decided to provide a definitive answer. Over the past few weeks, we conducted a survey involving more than 2,450 CIOs, IT directors and enterprise application directors.

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Services growth remained robust in February, but slowed slightly: PMI

CFO News

Tuesday's survey injects a sense of optimism in the industry, the engine of economic growth and jobs, suggesting Asia's third largest economy will continue to grow at a world-beating pace this year after registering 8.4% last quarter.

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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 | Chermaine Hu, CFO, Episode Six

CFO Thought Leader

Text add 979: The Changing Stripes of Finance Leadership | Chermaine Hu, CFO, Episode Six The post The Mentoring Round | Chermaine Hu, CFO, Episode Six appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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NFRA engages with cos' independent directors, audit committees to further improve audit quality

CFO News

At an international conference organised by the National Financial Reporting Authority (NFRA) in the national capital, its Chairperson Ajay Bhushan Prasad Pandey on Tuesday batted for harnessing big data and artificial intelligence to enhance the accuracy of financial reporting.

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RBI bars JM Financial from financing against shares & debentures on serious deficiencies

CFO News

The action against the non-bank finance major was taken due to certain serious deficiencies with respect to loans sanctioned by the company for IPO financing as well as NCD subscriptions.

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Bloomberg bond index inclusion may see $5 billion inflows

CFO News

Upon complete integration into the Bloomberg Emerging Market 10% Country Capped Index, India is anticipated to stand alongside China and South Korea, reaching the 10% cap as one of the major markets.

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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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Reliance Capital lenders' counsel asks Hindujas to roll out IBC plan

CFO News

The National Company Law Tribunal (NCLT) approved the ₹9,650 crore resolution plan of IIHL in its order dated February 27. Torrent Investments, which was the other bidder in the fray, has contested the resolution process, and the matter is pending before the Supreme Court.

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Industrial and manufacturing sector dominates million-dollar CXO club

CFO News

CXOs from the industrial and manufacturing sector dominate the million-dollar compensation club, followed by financial services, automotive, and pharma sectors. Talent gaps, compensation structures, and the distribution of large companies impact high earners. Knowledge-based companies in IT, software, and banking perform well in terms of compensation.

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Karnataka to become $1 trillion economy by 2032: MB Patil

CFO News

Karnataka aims to become a $1 trillion economy by 2032 with a sustained growth rate of 18%. The state plans to bring out a new clean mobility policy to attract EV manufacturing. Karnataka wants to become a global manufacturing hub and has seen a 62% increase in per capita income in the last five years.

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Indian M&E sector expected to grow at 10% to Rs 2.5 trillion

CFO News

The Indian media & entertainment sector is projected to grow at a 10.2% rate, reaching Rs 2.55 trillion by 2024 and Rs 3.08 trillion by 2026. Digital media will be the largest segment, and online gaming, animation/VFX, and organised live events industry are also expected to see significant growth.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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IIFL Finance plunges 20% post RBI ban on gold loans

CFO News

Manappuram Finance and Muthoot Finance, two of the country's top gold financing companies, rose as the central bank's move is expected to benefit these firms.

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