Mon.Oct 30, 2023

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What Do You Really Need in a Controller?

CFO Selections

When you need to hire a Controller, what should you look for? What do you really need and what is just nice to have? Obviously, as the person who will have ownership over your entire accounting operation, you need someone that is disciplined , focused , and organized , but what else? Your Controller should be a strong accountant with a tactical focus and solid track record of reliable performance, but their resume should not end there.

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CFO, CIO need to be in ‘lockstep’ on software purchases: Olive CEO

CFO Dive

To find the right software at the right price, CIOs and CFOs need to take a tandem approach on new technologies and solutions.

CFO 294
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Bubble Risk in City Property Markets?

Barry Ritholtz

Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. The UBS Global Real Estate Bubble Index analyzes the real estate market of 25 major cities across the globe and assigns them a score between -0.5 to 2.0 to convey bubble risk.

Marketing 105
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The changing face of clean energy and tax strategy

CFO Dive

The Inflation Reduction Act has changed the tax landscape. CFO Dive spoke with Bellus Ventures and Thompson Corburn LLP to understand the steps that CFOs can take to stay ahead of the curve on clean energy investments.

CFO 264
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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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The 10 Best Financial Advisor Conferences To Attend In 2024

Nerd's Eye View

After several years of turmoil caused by the pandemic, financial advisor conferences seem to have found a "new [post-pandemic] normal", with events once again growing (some already surpassing their pre-pandemic highs). But that's not to say that the conference landscape was not altered by the pandemic; instead, the pandemic appears to have served as a catalyst that accelerated trends that were already underway, such that financial advisor conferences today look substantively different than they

More Trending

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Blackstone to buy controlling stakes in CARE Hospitals, KIMS health for $1 bn

CFO News

Global private equity firm Blackstone is set to invest approximately $1 billion to acquire controlling stakes in two major South Indian hospital chains, CARE Hospitals and KIMS Health. The transactions make Blackstone the fourth largest hospital group in India and mark the firm's entry into India's healthcare sector.

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McDonald’s CFO: traffic dips despite ‘trade down’ gains

CFO Dive

The dip comes as Chicago-based McDonald’s has battled to offset rising costs by raising prices without alienating customers.

CFO 173
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Presentation: Navigating Financial Disasters

Barry Ritholtz

As promised, here is my presentation “ Navigating Financial Disasters ” from today at the Orlando Money Show… The post Presentation: Navigating Financial Disasters appeared first on The Big Picture.

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Weighing the benefits: Why more employers are transferring DB risk

CFO Dive

Moving away from defined benefit plans as the primary retirement program doesn’t require terminating the plan outright.

Planning 130
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Cyber vigilance for finance leaders

Future CFO

The rules of engagement in cybersecurity are constantly shifting as criminal gangs and nation-states are using new technologies, including artificial intelligence, to exploit new attack routes while still using old, reliable solutions. While prevention remains a high priority, finance leaders must acknowledge that cyberattacks will succeed despite the best defenses.

Finance 52
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Free trade deal between EU and Australia collapses

CFO News

The talks' collapse will be a major disappointment to the EU, which is seeking to push through ambitious free trade agreements with major world markets, including India and the Latin American nations in the Mercosur bloc.

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Businesses bet big on generative AI to gain an edge

Future CFO

Businesses are betting big on generative AI to gain an edge despite hurdles to adoption and M&A challenge, said EY recently. This is a result of businesses anticipating higher levels of growth. According to an EY quarterly survey of 1,200 global CEOs, a significant number of respondents anticipate higher levels of growth (66%) and profitability (65%) in 2024 compared with 2023.

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China's factory activity unexpectedly contracted in October

CFO News

The official purchasing managers' index (PMI) fell to 49.5 in October from 50.2, dipping back below the 50-point level demarcating contraction from expansion. The reading missed a forecast of 50.2.

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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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Pipeline planning, simplified: a complete guide to S&OP software

Cube Software

What is sales and operations planning (S&OP)? Sales and operations planning (S&OP) isn't just a strategy; it's the heartbeat of proactive business management, essential for efficiently balancing supply with demand. The objective is clear: avoid excessive inventory and prevent missing out on opportunities due to insufficient stock.

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Reliance bets big on AI to power its consumer finance business

CFO News

A separate tech team is fine-tuning AI to match investors and their risk appetite and suggest investment products accordingly. "We have a consumer data mine with us. Jio will also take a lot of technology intelligence from BlackRock, officials said. We have already begun using bots in some of our other businesses but how deeper can we use AI is work in progress," an official close to the development said.

Finance 52
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8 Ways to Use AI to Grow Your Small Business

The Finance Weekly

Use AI to Grow Your Business or Stay Behind , Artificial Intelligence (AI) is no longer a future prospect; it's the prevailing force in the business world, reshaping the landscape every day. In essence, if you're not integrating AI tools into your business operations, you're likely to be left behind. Today, there's a wide array of AI tools tailor-made to enhance the efficiency of small businesses.

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HUL steps up its advertising budget, raises outlay by Rs 679 cr in Q2

CFO News

HUL is not alone, with other leading stock exchange-listed consumer goods companies such as Colgate-Palmolive and Marico also expanding their advertising spend by 26-32% year-on-year in the September quarter. Most companies have been increasing advertising expenses with the improvement in margins due to the reduction in input cost pressures, industry executives said.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Everything a finance leader needs for a top-tier tech stack

Cube Software

The importance of a robust financial tech stack Digital transformation is sweeping through the financial sector, redefining traditional roles and methodologies. In this evolving landscape, a sophisticated tech stack is crucial to drive efficiency, ensure accuracy, and support strategic initiatives.

Finance 52
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NCLT admits plea against Ansal Properties unit Serene Residency

CFO News

The bankruptcy court in New Delhi has taken a significant step by admitting the case of the Serene Residency Group Housing Project in Sector ETA II, following a default on dues amounting to approximately Rs 257 crore. This real estate entity operates as a subsidiary of the publicly traded Ansal Properties and Infrastructure Ltd.

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10 Monday AM Reads

Barry Ritholtz

My what am I doing in Orlando morning plane reads: • It’s Time to Stop Crying About Bonds and Buy Them Instead : Treasuries have had one of their worst three-year stretches on record. Why it can’t get much worse. ( Barron’s ) • Is E.S.G. Falling Out of Favor? Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products. ( New York Times ) see also Why the Right’s Bud Light Boycott Worked :

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Walmart to upgrade 1,400 stores with $9 billion investment

CFO News

Walmart is investing over $9 billion to modernize and upgrade its U.S. stores over a two-year period. The enhancements include improved store layouts, expanded product selections, and the addition of new technology.

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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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Driving seamless data integration for successful treasury management

Future CFO

As more high-value treasury operations require cross-functional collaboration, data integration between systems becomes essential. The advantages of seamless data integration have become profound as it brings in real-time visibility into financial operations, enabling treasury managers to monitor cash flows , assess risk exposure, and evaluate liquidity positions without delays.

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Mamaearth's parent company, Honasa Consumer raises Rs 765 crore from anchor investors

CFO News

US financial services major Capital Group has been allocated 8.77% of the anchor investor portion, followed by crossover investor Fidelity, Norges Bank and Abu Dhabi Investment Authority (ADIA).

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India calls for initiating formal talks on WTO's dispute settlement body reforms

CFO News

India has called for the start of formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organisation (WTO). These negotiations are essential as informal deliberations are preventing several nations from participating in the talks. The formal talks aim to arrive at a consensus by the 13th ministerial conference of the WTO in Abu Dhabi in February 2023.

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SC rejects pleas seeking review of its judgment considering tax authorities as secured creditors

CFO News

India's top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax authorities would be considered secured creditors. This is a set back to lenders like State Bank of India and Indian Overseas Bank. The judgment ranks crown debts at par with workmen dues.

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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.