Sat.Jun 01, 2024 - Fri.Jun 07, 2024

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It Wasn’t Just Shrimp That Killed Red Lobster

Global Finance

Recall last summer, when the now-bankrupt restaurant chain made its $20 “Ultimate Endless Shrimp” promotion permanent. The scheme, cooked up by ex-CEO Paul Kenny and then-majority shareholder, Thai Union, sparked an uptick in customers at Red Lobster’s 640-plus locations. But while patrons gorged on shrimp, they snubbed other seafood items. The splashy marketing ploy scalded Red Lobster.

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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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Trending Sources

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Forecasts for Fed rate cuts probably too optimistic, Summers says

CFO Dive

“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.

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No tax recovery within three months of notice, says CBIC

CFO News

The letter was written after the board noted that many tax officers were abusing the exceptional case clause, initiating recovery proceedings before the expiry of the specified three-month period, even in routine cases, forcing the companies to move courts to seek stay on the recovery process. This attracted not only adverse comments from the judiciary but in some cases even penalty.

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SaaS Evolution: The Critical Role of Embedded Finance

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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How to Integrate and Extend SAP Business ByDesign

Navigator SAP

One of the advantages of using the SAP Business ByDesign ERP solution is that most of what a business needs for a complete backend business system solution comes included with Business ByDesign right out of the box. Where additional functionality is needed, Business ByDesign integration points and extensions can help. SAP Business ByDesign is built on a modular framework.

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The process and responsibility for reporting

Future CFO

Association of Chartered Certified Accountants (ACCA) experts Hsiao Mei Chow , Rachel Johnson and Alexandra Zaronina-Kirillova discuss the people, process and technology necessary to implement sustainability reporting. In particular they focus the processes and responsibility for sustainability covered in various stages of the sustainability reporting cycle : • allocating responsibility for sustainability reporting • establishing the reporting landscape • Implementing reporting.

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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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Fransua van der Westhuizen: Embracing Global Standards and Navigating Challenges

CFO Talks

Fransua van der Westhuizen: Embracing Global Standards and Navigating Challenges The evolving role of Chief Financial Officers (CFOs) continues to reshape the landscape of global business, particularly in how these leaders manage financial complexities, adapt to cultural differences, and drive strategic decisions. A recent podcast featuring seasoned CFO Fransua van der Westhuizen and Nicolaas van Wyk, CEO of CIBA, a key figure in the CFO community, provided a deep dive into these topics, offer

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ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024

Reval

LONDON – 07 JUNE 2024: ION, a global leader in trading and workflow. The post ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024 appeared first on ION.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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Few CFOs control cybersecurity budgets. Here’s why more should.

CFO Dive

Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

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Freelancing Boom Goes Global

Global Finance

Use of freelancers of all types, even temporary CFOs, has mushroomed in the last five years. Here’s why more employers around the world are moving away from the full-time staff model. The surging numbers tell the story. A major hiring shift is transforming how businesses find and utilize talent and how that talent finds and establishes relationships with companies that need its skills.

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Electoral bonds fine with profit caps and transparent disclosures: Amarjit Chopra

CFO News

Amarjit Chopra, former President of the Institute of Chartered Accountants of India (ICAI), provides insight into India's electoral bond scheme, emphasizing the Election Commission's critical role. He also reflects on the Supreme Court's involvement, suggesting that instead of deeming electoral bonds illegal, modifications could have been proposed prospectively to address scheme deficiencies.

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The Role of a CFO in Financial Risk Management

CFO Share

The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. However, small business entrepreneurs are particularly ill-suited for risk management: optimistic, energetic, and abstract. This is where a Chief Financial Officer (CFO) becomes indispensable: disciplined, deliberative, and concrete.

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Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

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Chemours appoints new CFO after accounting probe

CFO Dive

The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.

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Regulation Struggles To Keep Pace With Global Gig Economy

Global Finance

As outsourcing to freelancers spreads, lawmakers and regulators around the world are scrambling to keep pace. Accordingly, companies working the new trend into their business model must be wary of running afoul of a fast-changing legal and regulatory landscape. Due diligence can be especially tricky for firms that use freelancers located in multiple jurisdictions—even within countries, such as the US, that have federal systems.

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A Day in the Life:  Bhurima Tienwuttinun from Matson Driscoll & Damico (Thailand)

Future CFO

Editor’s note: In today's A Day in the Life interview, Bhurima Tienwuttinun (pictured), ACMA, CGMA, Director at Matson Driscoll & Damico (Thailand) Co. Ltd shares with FutureCFO audiences what a typical day is like for a forensic accountant and her passion for teaching. FutureCFO: What does a typical day look like for you? Bhurima Tienwuttinun (BT): A typical day in my role as a forensic accountant specialising in insurance loss quantification, quantum expert services of evaluating economic

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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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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Live Nation confirms Ticketmaster data breach after proposed class action

CFO Dive

The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.

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Goldman Sachs Now In Riyadh

Global Finance

Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. The kingdom’s new rules, which took effect on January 1, 2024, require companies to maintain a regional headquarters in Saudi Arabia with at least 15 employees, including high-ranking C-suite executives overseeing operations in other countries.

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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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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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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Number of CFO job listings calling for AI skills hits 23%: Datarails

CFO Dive

The April number is up from 20% in January, according to the study, which analyzed listings on job portals such as Glassdoor, Indeed, Job2Careers and ZipRecruiter.

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Ghana Adopts Blockchain To Stem Fraud

Global Finance

Ghana reached a $3 billion loan agreement with the International Monetary Fund (IMF) last year. Now, it will become the first African country to reduce public corruption via adopting blockchain technology for all government procedures. “We are going to adopt blockchain technology to ensure that all data and transactions in the government space are transparent and tamper-proof,” said Vice President Mahamudu Bawumia at the May 14th Commonwealth Regional Conference and Annual General Meeting of Hea

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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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Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks

CFO News

Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.