Sat.Jul 08, 2023 - Fri.Jul 14, 2023

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How predictive analytics can curb just-in-time inventory pitfalls

CFO Dive

CFOs can use predictive analytics to avoid panic buying, anchor price bias and overpaying suppliers, Edmund Zagorin, an executive with the procurement platform Arkestro, writes.

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The Benefits of Real-time Reporting and Data Analytics for Professional Services

Navigator SAP

Most professional services organizations have completed digital transformation, which is the trendy way of saying that they’ve moved operations to the cloud. Now that most of these businesses are in the cloud, though, the next evolution has arrived: using the advantages of digital transformation to actually drive intelligent decision-making. Forget digital transformation.

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Trending Sources

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GST offences not covered under PMLA, say experts

CFO News

The Directorate General of GST Intelligence in the Centre and the Bureau of Investigation in States, which deal with the investigation based on intelligence inputs from various authorities or agencies, are the proper officers for GST offences, experts say.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Physics of Kaizen: Why Somebody Should Get Credit for Fixing Problems That Never Happened : Toyota’s culture of Kaizen: continuous improvement. It is an obvious statement: companies should be continually improving. Companies that are able to successfully adopt a culture and practice of Kaizen have the ability to establish a dominant position in their market. ( Taylor P

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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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Finance function budgets jump 7.5%: study

CFO Dive

The majoriy of finance departments studied were about as efficient as a “monster truck,” a Hackett Group researcher said. There are steps companies can take to make them run more like Priuses.

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More Trending

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SEBI’s new BRSR Core for ESG Disclosures to increase compliance burden, say experts

CFO News

In order to ensure that companies are mindful of how they are integrating their value chain into the sustainability and ESG policies of their organization SEBI has introduced the BRSR Core Framework for assurance and ESG disclosures for top 1000 companies in a phase-wise manner in the next three financial years.

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Quarterly Pattern of Earnings Have Returned to Normal

Barry Ritholtz

Jim Reid of Deutsche Bank notes the pattern of gradual downgrades before earnings season begins is back to normal. As the rest of the quarterly earnings roll out, we should expect earnings to improve as we roll deeper into earnings season and as “later estimate beats” come in. This quarterly earnings pattern is shown above in the chart from his colleague Binky Chadha.

Banking 98
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Embattled EV maker Faraday replaces interim CFO

CFO Dive

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports.

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PodChats for FutureCFO: How finance should embrace AI

Future CFO

Without a doubt, artificial intelligence (AI) is now a topic of interest among CFOs. How to properly channel this interest into the finance function remains to be seen. Gartner says to build an AI-driven finance organisation for the future will require a combination of technical and business skills that many finance teams do not have today. Mark D McDonald , a senior director analyst in the Gartner Finance practice , observes that there remains scepticism over AI's impact on the finance function

Finance 98
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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GST Council Meet: 28 per cent tax on online gaming,casinos and horse-racing

CFO News

Finance Minister Nirmala Sitharaman announced the outcome of the 50th Goods and Service Tax (GST) Council meeting on Tuesday. The Council met on 11 July in New Delhi agreed that there should be no distinction between game of skill and game of chance and decided to impose a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos.

Finance 98
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A Dozen Contrarian Thoughts About Inflation

Barry Ritholtz

The Consumer Price Index was up 3% year over year in June, as reported by BLS yesterday. The FRED chart above shows the near round trip from the prior decade’s range of 0-2% up to the 9% peak, and now back down to 3%. Over the past year, I have been writing a lot about inflation — what people get wrong about it, why the FOMC is always late to the party, and what the various causes of inflation — real, modeled, and imagined — actually are.

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As margins tighten, CFOs are split on FinOps: CloudBolt

CFO Dive

FinOps has gone mainstream as a way to reduce complexity and cost of cloud management. Finance leaders are still waiting to see benefits from implementing the practice.

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Prepping for Budget Season: 6 Actions Successful CFOs Need to Take  

Centage

While the rest of the world is ensconced in 2023, CFOs are already looking toward next year. Budget season is just around the corner, and being prepared is integral. Planning 2024 budgets takes forethought and considerable prep work. CFOs drive the success of next year’s budgets with the prep work they do today. Why It’s Important to Prep for Budget Season The old adage “if you fail to plan, you plan to fail” is alive and well in the business world.

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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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Promoters must disclose family pacts: Sebi

CFO News

In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as of the date of notification are to be disclosed to the stock exchanges. It was earlier understood that only prospective agreements must be disclosed, not retrospective.

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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge. ( Businessweek ) • Inflation Cools Sharply in June, Good News for Consumers and the Fed : The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.” ( New York Times ) see also Inflation drops to lowest le

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Economy struggling in ‘slowcession’: Moody’s

CFO Dive

A sudden spike in oil prices poses the biggest threat to U.S. economic growth, Moody’s Analytics Chief Economist Mark Zandi said.

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From Unprofitable To $115M AUM: Reinventing A 2nd Generation Advisory Business By Finding The Right Niche

Nerd's Eye View

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family. At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm

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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.

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MCA to withdraw 7,338 pending prosecutions in second round of a special drive to cut litigations

CFO News

The ministry of corporate affairs (MCA) Friday said it has decided to withdraw 7,338 prosecutions pending before various courts in the second round of a special drive to cut litigations and ensure greater ease of doing business. The move will result in a 21.86% decline in the number of pending prosecutions being pursued by the central government, the ministry said.

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Mapping Changes in US Home Prices

Barry Ritholtz

Source: Reventure Let’s get to the caveats up front: Re:Ventures has been pretty bearish on housing the past few years, even forecasting a crash; their landing page claims “ The US Housing Market is in a record Bubble in 2023 ,” and this post “ 90% Chance: RECESSION in 2022? ” has not panned out and stands inapposite of my views.

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Why all CFOs need to be prepared for bank capital requirement changes

CFO Dive

With banks potentially undergoing capital requirement changes, CFOs need to be hyper-aware when it comes to the financial health of their businesses, according to Northern Edge Advisors’ president.

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How to Get Funding for Your Startup Fast

Business Credit Blogger

How to Get Funding for Your Startup Fast Are you in the early stages of launching your business and in need of funding? It can be overwhelming when it comes to deciding how to begin or where to apply. In today’s post, we’ll unpack several ways for you to get funding for your business. The […] The post How to Get Funding for Your Startup Fast appeared first on Business Credit.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Checking fraud: Government to tighten GST registrations

CFO News

It is amending the rules to mandate the bank account details should be submitted either within 30 days of obtaining a registration or before filing of statement of outwards supply. Entities that do not provide the details of their bank account will have to face system-based suspension of their registration.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning offsite reads: • Google’s AI Blunders Rival Xerox’s PC Mistakes : The “T” technology behind ChatGPT was devised at Google but languished there. Sound familiar? ( Bloomberg ) • Wall Street’s Recession Warning Is Flashing. Some Wonder if It’s Wrong. The yield curve has been suggesting since last year that the economy was headed for a slump. ( New York Times ) see also Dude, Where’s My Recession?

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Healthcare bankruptcies jump as crypto ‘calms down’

CFO Dive

Labor costs and a fall-off in government aid are factors cited behind healthcare industry distress. Meanwhile, bankruptcy experts said a commercial real estate “bubble” looms.

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Weekend Reading For Financial Planners (July 15-16)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while the new social media app Threads, designed to compete with Twitter, has surpassed 100 million users in its first week alone, its potential utility for advisors remains unclear and has raised compliance concerns for advisors whose social media archiving tools do not yet cover the new app.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.