Mon.Jun 03, 2024

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The Guide to Buying or Selling a Business: Understanding What Kind of Finance and Accounting Support You Need to Get the Price You Want

CFO Selections

Originally published: 8/14/17 Updated: 5/24/24 Preparation and expert guidance are key for successful middle-market business acquisitions, sales, and mergers. In this comprehensive guide to buying and selling businesses, our expert CFOs provide all the finance and accounting information you need when entering into a transaction. It covers: Transaction structures Buyer analyses and considerations Buy-side and sell-side finance/accounting transaction support Buyer-side and seller-side due diligenc

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Hertz poaches Spirit Airlines CFO

CFO Dive

Less than a year after taking the permanent CFO seat, Alexandra Brooks is exiting the rental car company as it struggles to manage its bold EV bet.

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Trending Sources

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AllianceBernstein suggests a 60/30/10 portfolio to protect against inflation

Tips Watch

Investment firm sees ‘higher and spikier’ inflation looming. By David Enna, Tipswatch.

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Most M&A buyers would pay 3% extra for a company with a good ESG profile

CFO Dive

ESG is playing a bigger role in dealmaking than ever before, Deloitte said.

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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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Ford Taps EV Specialist As Future CFO

Global Finance

Ford Motor, one of the pillars of the US auto industry, has mined the electric vehicle subsector for its next CFO. Sherry House, 52, who becomes Ford’s vice president of finance on June 3, joins from Lucid Motors, where she spent three years helping to deploy its first luxury electric vehicle. John Lawler, Ford’s current CFO, who has been promoted to vice chair, will chaperone House in transitioning to the CFO role in 2025.

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More Trending

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Polls Suggest Right-Wing Surge In EU Elections

Global Finance

If polls are any indication, French President Emmanuel Macron is on track to be the biggest loser of the upcoming European Parliament elections. On June 6 and 9, some 400 million citizens in all 27 EU member states will be eligible to choose their representatives in the continental legislative body. Not only has Macron’s Renew centrist coalition consistently polled well behind the far-right National Rally party led by the new enfant terrible of French politics, Jordan Bardella, but now it is sta

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The Latest In Financial #AdvisorTech (June 2024)

Nerd's Eye View

Welcome to the June 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian b

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1,006: From Salesforce Playbook to Start-up Strategy | Scott Henderson, CFO, DISQO

CFO Thought Leader

In the early years of Scott Henderson’s career, the dotcom bubble burst, leaving the tech industry in turmoil and many young professionals uncertain about their futures. Despite this chaotic climate, Henderson decided to take a calculated risk by joining another dotcom venture. This time, the company was a modest enterprise with 300 employees and $25 million in revenue.

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PodChats for FutureCFO: Women CFOs: Filling the gender gap

Future CFO

The CIMA Foundation says “disaster don’t discriminate, but people do”. The journey to gender parity remains obstructed by a myriad of factors including culture, bias, misconceptions and attitudes. But if the Paris 2024 Olympics is any indication of the possibility, we may have hope that someday, there will be parity between the genders across the finance function, if not the rest of the enterprise, all the way to the C-suite and the Board.

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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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Uplifting the Canadian Fintech Ecosystem: Insights from Payments Canada Summit

FISPAN

FISPAN’s Founder and CEO, Lisa Shields , attended the Payments Canada Summit 2024 in Toronto. Lisa spoke on an all-female panel of industry leaders to discuss ‘Uplifting the Canadian Fintech Ecosystem.’ She shared the stage with Shirley Hsu, VP of Payments at FreshBooks , Jen Rodrigues, Head of Open Banking at TD Bank , and Layial El-Hadi, Executive Director at Fintech Cadence.

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InsuranceDekho in talks to acquire credit marketplace BankSathi: sources

CFO News

Insurance marketplace InsuranceDekho, backed by investors like TVS Capital and Goldman Sachs Asset Management, will acquire a majority stake in BankSathi, which is a distributor of credit cards and personal loans, two people in the know said.

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Panama’s New President Faces Bumpy Path Ahead

Global Finance

José Raúl Mulino is the president-elect of Panama, following his victory in the May 5 polls. The balloting saw the highest turnout since the end of military rule in 1989, and with 34.23% of the vote, Mulino beat his closest rival by almost 10 points. “It has been a very difficult campaign full of all kinds of obstacles,” Mulino said. “I will definitely do what I have to do to move this country forward.

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Pigment software review: strengths and weaknesses from a user’s perspective

Cube Software

Pigment software: an overview Pigment is an all-in-one business planning platform designed to assist businesses in budgeting, forecasting, modeling data, and generating reports to support financial decision-making. It's widely used by executives, finance, and revenue teams to execute strategic finance operations efficiently.

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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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Charles Schwab Preps For New CFO

Global Finance

Discount broker Charles Schwab has hired 33-year Citi veteran Mike Verdeschi as managing director and deputy CFO. Following a transition period, Schwab, which also offers investment management and banking services, plans to promote Verdeschi to CFO when incumbent Peter Crawford retires after 23 years with the firm. Verdeschi has spent the last seven years as Citi’s treasurer, in which capacity he managed a $2 trillion balance sheet, centralized treasury activities and revamped governance.

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Best EPM software of 2024: top picks for enhanced financial processes

Cube Software

What is EPM software? Enterprise Performance Management (EPM) software is designed to help businesses manage their financial processes more effectively. Think of it as a powerful tool that streamlines everything from budgeting and forecasting to performance analysis.

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FRP advises Chiltern Capital on MBO of Strata Products

Accountancy Today

FRP Corporate Finance has advised private equity investor Chiltern Capital LLP on a debt raise through an asset-based lending facility to finance the management buyout of Strata Products Limited. Strata, which was founded in 1987 and manufactures recyclable home, office and gardening products, was previously a subsidiary of Berry Global, a Fortune 500 developer, manufacturer and distributor of plastic products.

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Likely NDA's return: What will Modi 3.0 do for India Inc and the economy?

CFO News

As India looks ahead to another term under Modi's leadership, a promising future awaits. With a clear vision and strategic planning, Modi 3.0 pledges to guide the nation towards global economic prominence. By prioritizing manufacturing, infrastructure, employment, and energy security, Modi has committed to fostering a thriving India Inc.

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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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Tailoring ESG approaches in finance

Future CFO

It is an undeniable fact that chief financial officers now must face matters on sustainability and dedicate ample time to understand the importance of sustainability reporting to harness potential benefits in operations and decision-making procedures. In fact, BNP Paribas says Asian markets are experiencing a surge in sustainable financing, from green bonds to transition finance, highlighting the region’s increasing maturity in sustainable finance with the uptick in biodiversity investments.

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UP Lok Sabha election results live updates: INDIA bloc gives up lead, NDA back at the front in Uttar Pradesh, early trends show

CFO News

The Opposition coalition led by the INDIA bloc is trailing in Uttar Pradesh with around 29 seats, while the NDA is leading with 47 seats, according to early trends at 9:50 am, having led earlier on. Exit polls predict a decisive victory for PM Modi's BJP and allies over the Congress-led opposition.

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Transcript: Jeffrey Sherman, DoubleLine

Barry Ritholtz

The transcript from this week’s, MiB: Jeffrey Sherman, DoubleLine Deputy CIO , 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. Barry Ritholtz : ~~~ Bloomberg Audio Studios, podcasts, radio News.

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BSE PSU Index declines 6% amid election outcome uncertainty. SBI, Cochin Shipyard among top losers

CFO News

S&P PSU Index fell 6% during Lok-Sabha vote counting. Stocks like Cochin Shipyard, Coal India, and SBI saw significant drops. D-Street investors lost Rs 9 lakh crore in 15 minutes as Sensex crashed 2,800 points.

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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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Adani stocks crash up to 8% a day after erasing Hindenburg-era losses

CFO News

Shares of Adani Total Gas, Ambuja Cements, and NDTV also fell around 8% each, while Adani Ports also was trading 7% lower. Despite previous gains fueled by exit polls, the conglomerate faced significant losses, erasing Hindenburg-era deficits but still falling amid market volatility.

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Rising heat cools mfg PMI to 3-mth low as input costs bite

CFO News

Manufacturing activity decreased to 57.5 in May from 58.8 in the previous month due to heatwaves and rising costs, as per a private survey by HSBC. The sector saw a softer rise in new orders and output, impacting work hours and production volumes for manufacturing firms.

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Sebi launches saathi 2.0 personal finance app for investors

CFO News

Sebi introduces 'Saathi 2.0': A mobile app revolutionizing personal finance by simplifying intricate concepts and offering essential tools like financial calculators, KYC procedures, mutual fund insights, stock exchange navigation, and a seamless investor grievance redressal mechanism.

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RBI may keep interest rate unchanged

CFO News

A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.

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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.