Sat.Aug 12, 2023 - Fri.Aug 18, 2023

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Three key steps to the fractional CFO seat

CFO Dive

Figuring out your niche — and what you can charge for it — is an essential first step for intrepid fractional CFOs, experts say.

CFO 246
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The Fallout from Silicon Valley Bank Closure: Evaluating the Implications for CFOs

CFO Selections

The recent closure of Silicon Valley Bank (SVB), a leading financial institution founded in 1983 that catered to the tech industry has sent shockwaves through the business and technology communities. This unexpected development has far-reaching consequences, particularly regarding risk evaluation for Chief Financial Officers (CFOs) tasked with assessing and mitigating potential risks within their organizations.

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Trending Sources

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Interpreting the Cash Flow Statement – a Quick Guide

CFO Share

Interpreting the cash flow statement involves understanding the sources and uses of cash from different activities of a company. You do not need to be a CFO to gain valuable insight from this report. By asking yourself basic questions and checking the report, the data will inform you of critical business changes and improve your decisions. Interpreting Cash from Operating Activities This section represents cash flows from the company’s core business operations, including revenue generation

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ERP and Quality Management: A Marriage Made in Business Heaven

Navigator SAP

An enterprise resource planning (ERP) system is designed to help you more efficiently manage your resources by streamlining critical processes such as the sharing of information across departments for better collaboration. This type of system also includes detailed quality management modules, including real-time monitoring capabilities that enable you to closely monitor your supply chain.

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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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Hackathon Reveals the Future of FP&A - Empowering CFOs, Making Their Lives Easier

Lime Light

Our FP&A software is constantly evolving based on customer input, market forces and, arguably most interesting, our internal hackathon approach CFOs are at their best when they feel like rockstar conductors, and the software they’re using should be the baton; a few simple flicks of the wrist (in this case, mouse clicks) commands a whole (financial) symphony.

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Companies will need to give report on inventory valuation in case of audit

CFO News

The Central Board of Direct Taxes on Wednesday released the 13 page draft form 6C, which will be used to report the inventory valuation in case of special audit of accounts directed by assessing officer. The businesses will also have to provide valuation of raw material, date of purchase, use of the inventory, valuation of by-products and cost of contract by the company.

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Navigating the complexity of finance applications

Future CFO

Captioned photo: (left) Lim Swee Keng, group head of finance at CCH receiving the award from Daniel Leung (right), country manager, ACCA Singapore The finance function, be it in accounting, payables, receivables, or FP&A, rely on business applications to automate processes, consolidate financial information, and generate the report for use by business and operational leaders to make decisions.

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Generative AI makes CFO’s life simple or bureaucratic? India Inc finance heads weigh in

CFO News

Annual reports, account payables, treasury management, forecasting, and legal are some areas where CFOs are trying and discovering the use cases for generative AI (artificial intelligence) in their organisation. ETCFO delves into how CFOs are using this technology to their advantage, while also discussing the future, and flipside of it.

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Mixing whiskey and blockchain: A CFO’s perspective

CFO Dive

Blockchain is helping Metacask to modernize the sale and ownership of whiskey casks — highlighting the technology’s business potential, writes CFO Andrew Kennard.

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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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How ERP Improves Client Relationships at Professional Services Firms

Navigator SAP

At the heart of almost every successful professional services firm is good client relations. Happy clients equal more revenue and less churn, which is just good business. That’s why more professional services firms are now adopting enterprise resource planning solutions (ERP).

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Weekend Reading For Financial Planners (August 19-20)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study has found that consumers are increasingly likely to spread their portfolios across a range of asset managers, and that this trend is particularly pronounced amongst more affluent clients (e.g., millionaires), suggesting that advisors who believe they hold "everything" their clients have may actually have less than they realize.

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NFRA Chair says if CFOs and audit committees are careful, frauds can be prevented

CFO News

Getting into overdrive after repeated incidences of corporate misgovernance, NFRA has so far barred 25 auditors in the last year along with fines which include auditors from Coffee Day India, ASRMP & Co, Sundaresha & Associates, and Bartronics among others.

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Finance leaders fight to lure tech-savvy staff: Selby Jennings exec

CFO Dive

Flexible tech-first opportunities are the key to luring Gen Z talent to one’s finance department, Selby Jennings’ Ben Hodzic says.

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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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Benefits of ERP in Manufacturing: Unlocking Hidden Potential Where You Least Expect It

Navigator SAP

As a manufacturer, it’s important that you continuously discover new and more effective ways of running your business so that you can remain competitive. For instance, implementing an enterprise resource planning (ERP) system is one of the best ways to become more efficient.

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How do Financial Controllers Add Value?

CFO Selections

Last year had been dubbed The Year of the Controller by financial recruiters because demand for the position dramatically increased amid uncertain economic times and increased accounting needs at many organizations. This year has seen continued interest in the role and there is no indication that the buzz around the Controller role is slowing down, which means that going into 2024 many companies are still inquiring about how a Controller differs from a CFO (Chief Financial Officer) and how a Con

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Uno Minda seeks to double global revenues, boost exports, and consolidate in the ASEAN market: CFO

CFO News

Uno Minda: The auto component maker plans to file claims under production-linked incentive scheme this quarter, says Sunil Bohra.

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FASB to revisit accounting priorities

CFO Dive

Some critics say the FASB’s guidance does not always yield the kind of financial transparency investors need to analyze fast-changing modern companies.

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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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ERP for Process Manufacturing: Unleashing Efficiency and Productivity

Navigator SAP

An enterprise resource planning (ERP) system eliminates gaps and inconsistencies in information availability, allowing your workforce in multiple functions and locations to collaborate for improved productivity and efficiency. Without an ERP, there is a greater chance of communication breakdowns within your manufacturing business, which could lead to poor performance by all.

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The Benefits of Automating Budgeting Processes

Centage

Spreadsheets like Excel can be valuable to small businesses for tracking costs and organizing their finances. However, growing companies can find them to be time-consuming and cumbersome. Plus, there’s a strong chance of human error that can throw the information off entirely. Implementing ways to stay competitive and relevant is essential for long-term organizational growth.

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ETCFO Turning Point: NFRA Chairperson and top CFO speakers to decode next CFO strategy in the VUCA world

CFO News

To navigate uncertainty and complexities of doing business today and tomorrow, ETCFO Turning Point, 2023, a flagship conference is happening in Gurugram on August 18. Register now and join us as we decode CFO strategy for the future.

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Bankruptcy ‘burn rates’ drive some firms to file Chapter 7s: ABI’s Ward

CFO Dive

Professional fees racked up in Chapter 11 bankruptcies can range from a few hundred thousand dollars to the tens of millions, Chris Ward, president-elect of the American Bankruptcy Institute, said.

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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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ERP for Project Management: Revolutionize Your Workflow

Navigator SAP

A manufacturing ERP system is a powerful resource, providing the data, insights, and detailed reporting executives and managers need to manage complex projects, coordinate their resources, and make data-driven decisions to comply with their objectives and KPIs.

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#FA Success Ep 346: Moving Procrastinating Clients To “Yes” Instead Of Selling As A Fee-Only Advisor, With Jim Ludwick

Nerd's Eye View

Welcome back to the 346th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jim Ludwick. Jim is the founder of MainStreet Financial Planning, an hourly, fee-only financial planning firm, and also created Procrastination Junction, a coaching program for fee-only financial advisors looking to improve their sales skills.

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RBI issues new guidelines for fair lending practices

CFO News

The RBI's move comes as part of its ongoing efforts to ensure that borrowers are treated fairly and to address customer grievances arising from divergent practices in the imposition of penal charges.

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Daimler Truck CFO died of wasp sting: reports

CFO Dive

The company’s chairman and CEO will temporarily assume CFO duties while Daimler searches for a successor to former finance chief Jochen Goetz.

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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.