Tue.Oct 29, 2024

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COP29: Climate Finance Takes Center Stage

Global Finance

Recent climate catastrophes have raised the bar for securing funding to address global warming. At COP29, climate finance will be a focus. At last year’s COP28 conference in Dubai, the participating governments—197 countries plus the European Union—committed to a tripling of renewables targets and a doubling of energy efficiency. When they check on their progress at COP29, officially known as the Conference of Parties, which opens on November 11 in Baku, the capital of Azerbaijan, their agenda w

Finance 111
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Trump tariff would cost households $3,000 next year: Tax Policy Center

CFO Dive

Since Trump last year proposed a blanket import tax, several studies have indicated that the benefits of such tariffs would fall far short of the costs to U.S. households and economic growth.

Economics 353
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Trending Sources

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#FASuccess Ep 409: Adding 1,400 New Clients In A Year As An Extension Of Doing (Profitable) Student Loan Consulting At Scale, With Travis Hornsby

Nerd's Eye View

Welcome, everyone! Welcome to the 409th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Travis Hornsby. Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financial planning (as well as consulting with over 15,000 clients on student loan debt).

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FASB publishes narrow software accounting revamp proposal

CFO Dive

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Nigeria: Automation Will Add Forex Transparency

Global Finance

Nigeria’s central bank will automate foreign exchange (FX) trading starting in December, replacing the decade-old over-the-counter system to enhance transparency and liquidity in its currency markets. The move comes as part of the Central Bank of Nigeria’s (CBN) broader efforts to address inefficiencies in the FX market, which has long been plagued by illiquidity, opacity, and multiple exchange rates.

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Asia’s Race For Talent

Global Finance

Japan, South Korea, and Taiwan are intensifying efforts to attract foreign workers amid labor shortages and aging populations. Each country has adopted distinct strategies to address these challenges, with varying degrees of success. Japan has had restrictive policies on low-skilled foreign labor. However, recent changes signal a shift toward greater openness.

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Shutterstock promotes former Getty Images CFO to finance chief

CFO Dive

Getty alum Rik Powell will move to Shutterstock's top financial seat as it focuses on continuing to improve revenues for its content segment.

Finance 273
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SWIFT To Launch AI-Backed Fraud-Detection Service

Global Finance

Global banking cooperative SWIFT plans to ring in 2025 by launching AI-enhanced fraud detection capabilities. The new function will give financial institutions more accurate insight into potentially fraudulent activities in real time. Fraud attacks that enlist AI-generated deepfakes that impersonate high-level executives and AI-created synthetic identities are only rising.

Banking 85
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Mastering Financial Services with Cash Flow Management

CFO Plans

In the dynamic world of financial services, cash flow management is the linchpin of business success and sustainability. With companies navigating the complexities of financial operations, understanding and optimizing cash flow becomes vital. Discover Expert Cash Flow Solutions that can transform your financial strategy today. This article explores effective strategies for accounts receivable and payable management, offering actionable insights to enhance financial stability and promote growth.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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ADQ To Purchase Odeabank

Global Finance

Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank, as the United Arab Emirates deepens economic relations with Turkey. The deal, pending regulatory approvals by the Banking Regulation and Supervision Authority and the Competition Authority in Turkey, signals ADQ’s growing presence in banking markets.

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10 Types of Financial Models

The Finance Weekly

Financial models are essential for organizations, helping forecast financial performance using historical data and future projections. Financial modeling involves creating a mathematical representation of a company's financial situation, typically using tools like Excel. This practice allows businesses, investors, and finance professionals to evaluate investment opportunities, assess risks, forecast future scenarios, and support strategic decision-making.

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BBVA Pursues Banco Sabadell Takeover Despite Opposition

Global Finance

Spanish bank BBVA recently saw one of its biggest backers, GQG Partners, call it quits and sell its stake due to disagreement over a plan to acquire domestic rival Banco Sabadell. Florida-based GQG did not like the rather aggressive takeover proposal. In April, BBVA offered Banco Sabadell €12.23 billion ($12.19 billion). About a month later, the bank’s board rejected the bid.

Banking 59
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Embedded payments, finance records 25% increase since 2022, BCG study finds

Future CFO

Embedded payments and finance saw a substantial 25% increase since 2022, revealing a "game-changing" $185 billion market opportunity for SaaS platforms, according to a new report by payment company Adyen and Boston Consulting Group (BCG). The growth is driven by a favourable interest rate environment due to higher bank revenues from accounts and an overall expansion of banking revenue pools.

Finance 52
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

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.

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1047: Balancing Risk and Opportunity in a Changing Finance Landscape | John Gronen, CFO, Yooz

CFO Thought Leader

It was not the first time John Gronen addressed the staffing company’s board — but it was very likely the most consequential. At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. The company operated two businesses: one generating about $30 million in EBITDA, while the other incurred annual losses of roughly $10 million.

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Average Customer Retention Rate by Industry

The Finance Weekly

Retaining customers is a major goal for any business. A loyal customer base not only ensures stable revenue but also acts as a solid foundation for growth. To truly understand customer retention, it’s helpful to see what’s common in different industries and how to measure it effectively. What Is Customer Retention? Customer retention is a measure of how well a business keeps its existing customers over a specific period.

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Building the “First Team”: How Cross-Functional Leadership Drives Vanta’s Success

CFO Thought Leader

Inside The Mentoring Round , David Eckstein shares insights on the collaboration between CFOs and CEOs, emphasizing the importance of shared vision and cross-functional partnerships. He highlights how CFOs, like himself, play a pivotal role in executing long-term strategies by identifying operational levers. Eckstein discusses his focus on building Vanta’s annual and three-year plans, aligning leaders around a unified strategy, and creating a “frictionless organization.

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Best Workforce Planning Software in 2024: A Technical Comparison for CFOs

Lime Light

Workforce planning is poised to reshape how organizations approach human capital management. The Deloitte 2023 Global Human Capital Trends report reveals that 59% of organizations anticipate focusing on reimagining work in the next 2-4 years, doubling pre-pandemic levels. Furthermore, a significant shift towards prioritizing human outcomes is evident.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

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.

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HSBC reports $8.5 billion pre-tax profit in third quarter

CFO News

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an organisational overhaul. The rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth management division as well as higher revenues in global banking and markets, HSBC said in an earnings release.

Banking 40
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5 Questions a CFO Can Answer for Your Business – Financial Strategy & Planning Edition

Focus CFO

Businesses are complex entities and become even more so as they scale. While you once may have known everything there is to know about your company, that has very likely changed over time.

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GST returns to become time-barred after 3 years from early 2025

CFO News

Starting early 2025, GST Network will prohibit filing of monthly and annual GST returns beyond three years from the original due date. Businesses need to reconcile and file outstanding returns promptly to avoid compliance issues and penalties, as the new rule aims to enhance timely compliance and data reliability.

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Top Enterprise Performance Management (EPM) Software for 2024

Lime Light

Choosing the wrong enterprise performance management (EPM) software means your team will spend months implementing a system, only to discover it doesn’t fully integrate with your current tools.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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High Court quashes GST demands on seconded employees of foreign firms; experts say gives clarity on liability

CFO News

According to experts, this judgment is a substantial relief for businesses navigating the complexities of GST compliance, particularly in the wake of the Supreme Court's judgment in the Northern Operating System case. The clarity provided by this ruling is expected to encourage smoother operations for domestic entities engaged with foreign partners.

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Putting Global Risk In Perspective: Q&A With BNP Paribas’ Meghan Robson

Global Finance

Meghan Robson, head of US Credit Strategy for BNP Paribas, speaks to Global Finance about directional forecasts and what to expect post-election. Global Finance: What surprised you in 2024? Meghan Robson: The economic landscape has been positive and driven credit spreads to multiyear tights. In investment grade bonds, we’re now at spreads of 80 basis points.

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India fastest growing major economy, likely to become third largest soon: President Murmu

CFO News

The Indian government has an investor-friendly policy, where most sectors are open for 100 per cent FDI (foreign direct investment) under the automatic route, she said.

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Tech leaders brace for high-stakes election

CFO Dive

It’s unclear whether a Trump or Harris presidency would bring regulatory relief to big tech, which has faced growing antitrust scrutiny in Washington.

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Book of Secrets on the Month-End Close

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.