Sat.Nov 26, 2022 - Fri.Dec 02, 2022

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In praise of the good CFO

CFO Dive

With the holiday season kicking off, it seems a good time to remember the CFOs who are fighting to do the right thing behind closed conference room doors.

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The Best Way to Build is to Buy: Business Acquisitions in a Recession

CFO Alliance

The post The Best Way to Build is to Buy: Business Acquisitions in a Recession appeared first on CFO Alliance.

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5 Tips to Recession Proof Your Business Budget & Financial Forecast

Centage

When you think of a business that’s recession proof, you probably imagine a company that provides the type of essential products people need regardless of the state of the economy. For example, grocery stores, healthcare businesses, and freight companies are all widely regarded as being recession proof. However, the truth is you don’t have to operate a need-oriented business to withstand times of hardship.

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Layoffs Create Pitfalls for Finance Executives Looking to Cut Costs

CFO News Room

As some U.S. companies are turning to job cuts to reduce costs, chief financial officers and other executives are navigating a host of potential stumbling blocks. While jobless claims are still historically low , U.S.-based employers announced 33,843 job cuts in October, up 13% from September and up 48% from a year earlier, according to outplacement and executive coaching firm Challenger, Gray & Christmas Inc.

Finance 100
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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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CFOs must sharpen storytelling skills for boards

CFO Dive

CFOs must take on the role of storyteller when communicating with their boards as their focus shifts from growth and towards long-term sustainability in a pre-recession environment.

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Outsource To Free Up Your Time And Save Money

The CFO Centre

Outsourcing is nearly always cheaper, more efficient, and more flexible than hiring in-house staff. You can use outsourcing to tap into expertise and experience not available in-house (technical or managerial) or to identify and then reduce the costs of support services. But concerns about the potential pitfalls of outsourcing stop SMEs from seeing the many […].

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Recession Playbook

The Reformed Broker

Let’s assume we’re going to have a recession in 2023. I don’t know if we will, but everyone seems to think so, so let’s just say. So what. What can you do to stop it? Not much. Can you change your own spending and psych yourself up to survive it? Absolutely. Are there changes you could make to a portfolio in order to gird yourself for a worsening economy?

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How Companies Can Partner with Nonprofits

CFO News Room

In today’s ESG-focused world, there is no taboo about corporations seeking advice and partnership opportunities with nonprofits. Unfortunately, many corporations don’t know where to start. What contact they have had with nonprofits has usually been through their corporate giving or corporate social responsibility programs. Three main opportunities exist for collaboration: using nonprofits to support product launches, going to market through a company’s nonprofit arm, use nonprofits to help form

Nonprofit 130
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Many CFOs are paralyzed by decision volume: Accenture

CFO Dive

An expanding scope of responsibilities — which require finance chiefs to have cross-disciplinary expertise — is slowing decision making, according to an Accenture study.

Finance 307
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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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How CFOs Can Improve Remote Teams with Cloud ERP

Navigator SAP

What if working remotely was exactly the same as working in the office?

CFO 227
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Why they clapped for Sam Bankman-Fried

The Reformed Broker

LET’S GIVE A ROUND OF APPLAUSE TO SAM BANKMAN-FRIED pic.twitter.com/HIVB3nTX2V — The_Real_Fly (@The_Real_Fly) November 30, 2022 Last night’s interview between the New York Times’ Andrew Ross Sorkin and Sam Bankman-Fried ended with the host thanking the accused criminal mastermind for coming, despite the protestations of his lawyers. The audience applauded as the screen went black.

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Frances Lawrence, CFO, FISCAL Technologies

CFO News Room

When Frances Lawrence was first brought in as Financial Director at software company FISCAL Technologies in 2019, the business was in real need of working capital to accelerate the growth curve. . Up until then, there had been no external investment and the organic growth had been steady but slow and achieved by hard graft. Profits made from any given year were immediately ploughed straight back into the business. .

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Five new rules for CFO success

CFO Dive

“Growth” means different things to different CFOs and different companies, but the one constant is about finding a way to not only protect the business and protect the finances but to also figure out what it looks like to help the business expand.

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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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Bottoming?

Barry Ritholtz

As we have been discussing since May of this year, there are increasing signs we have been groping for a bottom in the equity markets. This “Process” is not a single event but rather, a series of events the totality of which increasingly weighs the probability towards that positive resolution. I use the word probability because this outcome is not pre-ordained, but rather, subject to future events which have yet to unfold.

Economics 115
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Accelerate Your SaaS Company’s Growth with Sage Intacct

https://trustedcfosolutions.com/feed/

When launching your SaaS company , you’re focused on increasing revenue, landing new logo’s, and adding users to support the business in its early days. Now that you’ve found market fit you’re entering the growth stage. Your investors want to see efficiencies & a set of monthly metrics that confirm the business is trending in the right direction. .

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November jobs report a tale of two conflicting surveys: Payroll survey shows steady job growth, but household survey shows a continued decline in employment

CFO News Room

Posted December 2, 2022 at 9:29 am by EPI Staff. Below, EPI economists offer their initial insights on the jobs report released this morning, and it was a tale of two conflicting employment surveys. The payroll survey—a survey of employers—showed 263,000 jobs added in November, but the household survey showed a decline in employment. From EPI senior economist, Elise Gould ( @eliselgould ): Read the full Twitter thread here. . .

Education 130
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CFOs up forecasting frequency amid economic uncertainty: survey

CFO Dive

Pricing pressures, labor costs and talent retention struggles are creating new forecasting challenges for financial and business leaders, the AICPA & CIMA survey found.

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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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2023 Toyota Prius

Barry Ritholtz

It is amazing to think about how Toyota blew its enormous lead in Hybrid tech, failing to launch any substantial push into EVs. The chart below shows exactly how much sales have fallen for the first hybrid EV America has fallen into — and then out of love with. The Prius today badly lags the RAV4, its sister crossover, in Toyota hybrid sales. But the latest design is a handsome reboot, and should help sales pick up.

Sales 109
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India's manufacturing sector continues to gain momentum in November, cost inflation softened considerably

CFO News

According to the S&P Global's survey report, Companies had the fastest increase in new orders and production in three months and business optimism was highest in almost eight years.

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Payroll Gains Beat Expectations, but the Pace Is Slowing

CFO News Room

Total nonfarm payrolls posted a 263,000 gain in November versus a 284,000 rise in October (revised up by 23,000), while September had an increase of 269,000 (revised down by 46,000). The November result easily beat the consensus expectation of 200,000. However, the gain is still the slowest since April 2021. Excluding the government sector, private payrolls posted a gain of 221,000 in November following the addition of a net 248,000 jobs in October.

Economics 130
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Nearly half of employees surveyed have side hustles: Workhuman

CFO Dive

Many employees are taking on side hustles, with nearly half of workers recently surveyed citing economic uncertainties as a factor in their decisions, according to Workhuman.

Economics 273
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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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November 2022: Stand Up with Pete

Barry Ritholtz

This was a fun conversation with my buddy Pete about all the media madness these days — it was as I was recovering from C19, and while I felt fine, my voice sounds pretty gravelly. If you find that kind of thing tolerable, people seemed to really like this discussion. Lots more details here. Enjoy! The post November 2022: Stand Up with Pete appeared first on The Big Picture.

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Joint audit may not improve quality: Global accounting body ACCA chief

CFO News

Mandatory auditor rotation and a cooling-off period between when the auditor is engaged with a large business and before it takes a significant piece of work again from the same client are among better measures, says Helen Brand.

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Zscaler, Marvell, DoorDash and more

CFO News Room

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq. Check out the companies making headlines in midday trading. Zscaler – The cloud security company’s shares dipped 11% following its quarterly earnings report, despite Zscaler posting strong results. Earnings and revenue were stronger than analysts’ expectations.

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Tyson CFO pleads not guilty to criminal trespass, intoxication charges: reports

CFO Dive

Tyson Foods has drawn criticism from some corporate governance experts who have said the company should have taken a more aggressive stance on the arrest of its newly-minted CFO.

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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.