March, 2024

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CFOs play it safe on AI spending

CFO Dive

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

Budgeting 307
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'Collaboration, communication necessary between CFOs and tech leaders for chasing growth'

CFO News

At the ETCFO Leadership Summit, top industry leaders said that the role of CIO or CTO is more to get the right, sustainable, scalable and secure solution to anything they bring to the table.

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Trending Sources

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Delivering results for holistic success

Future CFO

In its Top 5 Finance Trends and Priorities for CFOs in 2024 , Gartner says economic headwinds have forced CFOs to look beyond temporary measures and find new ways to lead finance through digital transformation. The analyst forecasts that through 2025, more than 40% of finance roles will be either new or significantly reshaped due to finance technology.

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Building a successful career in finance

Future CFO

Biotechnology firm, Cytiva, formerly known as GE Healthcare, developing many products for scientists, clinicians and big pharma, including end-to-end solutions from equipment to software to reagents, as well as automated data collection, and digital traceability. In describing the business of Cytiva’s CFO for the Biotechnology Group in APAC, Christine Tan notes that the firm’s customers undertake life-saving activities ranging from fundamental biological research to developing innovative vaccine

Finance 98
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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When to Use a ‘Decision Tree’ for Business Planning

CFO Selections

Originally published: 2/15/2021 Updated: 3/4/2024 For those not familiar with the term, a decision tree is a flow chart that works through all possible response options in a scenario to analyze resulting outcomes. Basically, it is a visual version of an “if this then that” statement across all possible alternatives. The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision.

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Audit committees rank cybersecurity as top priority amid SEC crackdown

CFO Dive

Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.

Auditing 317
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Danny Kahneman: What if Everything is Narrative Fallacy?

Barry Ritholtz

“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market. I am fascinated by the idea of Narrative Fallacy (the term was actually coined by Nassim Taleb in “ The Black Swan “) and how it applies to pretty much ewverything.

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Deriving Options

Corporate Finance

What do olive presses, Las Vegas, and random walks have in common? The Black-Scholes Option Pricing model! A really interesting Veritasium video walks through a brief history of options and the mathematics behind the Black-Scholes model. And while the video does a good job of explaining option basics, it also discusses some of the beauty behind the math.

Math 130
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Byju's CEO Raveendran's removal is not justified in absence of forensic audit: Amarjit Chopra

CFO News

REMOVAL OF BYJUS CEO: There is a need for all parties to sit together and listen to the advice of the Advisory Council with an open mind, says the former ICAI President.

Auditing 116
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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10-year TIPS reopening auction could reach real yield of 2.0%

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury on Thursday will offer $16 billion in a reopening auction of CUSIP 91282CJY8, creating a 9-year, 10-month Treasury Inflation-Protected Security.

Treasury 110
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Managing Supply Chain and Inventory Through ERP Systems

Navigator SAP

Supply chain and inventory considerations are important for most businesses. But for food and beverage manufacturers, supply chain management and inventory control are essential for ensuring the quality and safety of the products being produced. Food and beverage ERP systems make this level of oversight and control possible. Managing manufacturing production is at the heart of ERP, but supply chain management and inventory control, along with ERP traceability in food production, might be just as

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FASB backs off bigger software accounting revamp

CFO Dive

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

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Do Magazine Covers Contain Market Signals?

Barry Ritholtz

There has been a lot of chatter about magazine covers lately; I thought I might clarify some of the with this post, originally published in Bloomberg on December 27, 2017, along with commentary from Ben and Josh addressing the sdame issue. The key takeaway: The value of the signal here is just about zero. The 2017 Barron’s cover (above) showing Apple’s extravagant new headquarters and suggesting that the company’s market value would reach $1 trillion in 2018 generated some chat

Marketing 134
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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How To Bring A Team Together For A (First-Time, In-Person) Retreat

Nerd's Eye View

For the advisor leading a virtual team, the day-to-day can offer a rewarding blend of flexibility, creativity, and productivity; at the same time, though, many of the benefits of remote work can also make it challenging to build a tight-knit team culture. For example, with flexibility comes fewer synchronous interactions, which in turn can result in less innovation, team bonding, and collaboration.

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Unleashing animal spirits

CFO News

What will make CFOs borrow big and sign cheques for fresh capex? The government is pitching hard for manufacturing but the majority of the companies are going ahead mostly with working capital loans. What will make them invest heavily and push the capex cycle? What kinds of indications are CFOs waiting for?

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February inflation again slides higher than expectations

Tips Watch

Markets react with a shrug, but what does it mean for the Federal Reserve? By David Enna, Tipswatch.

Marketing 105
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Traceability and Scalability in ERP Systems for Food Production

Navigator SAP

When evaluating ERP for food manufacturing , there are many considerations. Two factors that food manufacturers should not overlook, however, are traceability and evaluating ERP scalability for manufacturing as the business grows. A business with less regulatory requirements might only look at areas such as ERP for supply chain and inventory management, but food manufacturers will want to take a deep look at traceability and scalability to avoid headaches down the road.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Inflation ‘bursts’ may exceed Fed’s 2% target due to public debt: Brookings

CFO Dive

Policymakers face several inflationary forces, including rising spending on defense and aging populations, economists said in a Brookings paper.

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U.S. population distribution, 1975-2050

Barry Ritholtz

We sometimes say “Demographics is Destiny,” but that’s abstract. To get a visual sense of what that looks like, see the above chart (via Blackrock ) showing the distribution of various age groups from 2075 to 2050. Note bars in Red are not in the workforce. The post U.S. population distribution, 1975-2050 appeared first on The Big Picture.

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Weekend Reading For Financial Planners (March 23-24)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients. Which could serve as a warning to firms to heighten their supervision of their advisors' texting practices and whether they are being recorded properly (perhaps with the help of available archivi

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CFOs prioritize employee compensation in budget allocations, reveals Gartner survey

CFO News

Amidst the financial landscape of 2024, CFOs are intensifying their focus on elevating employee compensation, as revealed by a recent survey conducted by Gartner Inc., reflecting evolving trends in budget allocations and retention strategies.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Interested in swapping out 0.0% fixed-rate I Bonds? Here’s a guide.

Tips Watch

By David Enna, Tipswatch.com A logical strategy for some I Bond investors is to act now to redeem I Bonds with a fixed rate of 0.0% (and a current composite rate no higher than 3.

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Tired of Manual Invoice Processing? See How SAP AP Automation Can Save You Time!

Navigator SAP

In this video demonstration, we'll show you the difference between the traditional, manual way of processing invoices in SAP and the power of automating this process using SAP Business Technology Platform (BTP). In this quick demo, you'll see: Manual Invoice Entry : We'll start by demonstrating the time-consuming steps involved in manually entering invoice data, including keying in information and performing three-way matches.

SAP 177
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Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

CFO Dive

Central bank officials upgraded their projection for 2024 growth to 2.1% while predicting unemployment will end the year at 4%.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • The economy is roaring. Immigration is a key reason. Momentum in the job market picked up aggressively over the past year — all while Washington is deadlocked on a border deal ( Washington Post ) • The Errors Tour: How the Pros Bungled the End of Zero Interest Rates : A look at the ways forecasters, traders and executives missed the mark over the past two years.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.