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Written by staff writer In an exciting development for CFO leaders worldwide, the International CFO Alliance held its inaugural meeting in Tunisia on June 9, 2023. This milestone event, hosted by Tunisia’s local CFO association, COGEREF, brought together CFO leaders from 15 associations spanning Northern and Southern Africa, Europe, and Central America.
CFO GUEST: Taryn Aronson, CFO, Tovala 906: When Strategy and Profits Meet | Taryn Aronson, CFO, Tovala At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping.
The parabolic spike in 2-year Treasury bond rates this winter ended with a crescendo on Thursday, March 9th and Friday March 10th. That week, the collapse of Silicon Valley Bank had thoroughly spooked the markets and convinced traders that the Federal Reserve would be forced to start downshifting its hiking cycle and the accompanying hawkish rhetoric.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
The nascent generative AI market is poised for rapid growth in coming years, with total revenues projected to increase tenfold by 2028, S&P Global Market Intelligence says.
Hiring a fractional (part-time) CFO is becoming increasingly popular because this type of employment engagement offers significant cost benefits. Outsourcing their CFO role allows an organization to bring someone in for a fraction of the cost because they do not incur expenses related to benefits, bonuses, payroll taxes, etc. As Michael Newsome explains when talking about utilizing fractional service providers , “Searching for ways to optimize human capital, while fighting the inefficiencies of
Hiring a fractional (part-time) CFO is becoming increasingly popular because this type of employment engagement offers significant cost benefits. Outsourcing their CFO role allows an organization to bring someone in for a fraction of the cost because they do not incur expenses related to benefits, bonuses, payroll taxes, etc. As Michael Newsome explains when talking about utilizing fractional service providers , “Searching for ways to optimize human capital, while fighting the inefficiencies of
Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.
Many of the trends in business today come from the software industry. This is both because technology plays an increasingly important role in business, and because some of the most prominent businesses today are software-based. This has led to many software-industry concepts bleeding over into other lines of business. One of those concepts is project-based operations.
@TBPInvictus here: Contrary to 40+ years and counting of “trickle down” narrative, the reality is that the gap between the 1% and everyone else (let’s say the bottom 90%) has never been wider. It’s become a chasm, and the charts below tell the story. Here is the wealth share of the bottom 90% and the Top 1%, equalized in 1989: Here is both the share (scale at Left ) and level (scale at right) of total net worth held by the Top 1%.
Sudhir Soni says there is also a risk of something slipping through the cracks as in a joint audit responsibility gets divided and allocation of work may get missed.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Finance leaders are less willing to take on new risks and less optimistic about their companies’ financial prospects as their CEOs urge them to continue slashing costs.
Selecting the best software for your operating space and organization is essential. One of the common ERP software selection mistakes is picking a generic product that doesn't meet your core requirements.
Vanguard is out with its annual deep dive into what its 5 million 401k participants are up to. The firm’s release of How America Saves is chock full of data and charts showing how 401k savings have reached all-time highs at Vanguard; I expect other large plan managers like Fidelity and Schwab to be at or near similar levels. VG credits the impact of automatic enrollment/contribution escalation as leading savers to this milestone. “ Record highs in participation, deferral rates, and the use of p
Micron Technology is in discussions to establish a semiconductor packaging factory in India worth at least $1bn, according to sources. The move is to expand the company's global footprint as trade tensions rise between China and the US. The company could commit as much as $2bn to the project, which market insiders suggested could be confirmed during the Indian Prime Minister's US visit next week.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The enhancements include new features aimed at helping managers, including in finance departments, “dramatically reduce the time spent on project status reports, task planning, and risk assessments,” according to Microsoft’s Stephanie Dart.
An ERP system costs 2% to 3% of the annual revenue of a large company (classified as companies with revenues over $1 billion) to operate. While that seems like a small number, it’s actually massive. For instance, in HP’s case, that share of revenue was $30 million, and when the company couldn’t use its ERP system, it lost over $120 million in order pileups and $40 million in revenue losses that quarter.
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC issued a risk alert highlighting areas of increased focus regarding its new marketing rule for upcoming examinations, including whether there is clear disclosure of whether the person giving a testimonial or endorsement is a client or investor, if the promoter has been paid, and if there are material conflicts of interest.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Using the production scheduling feature of a manufacturing ERP system demands technical knowledge and expertise. This explains why most well-established and reputable ERP system vendors offer detailed training and support services–they conduct on-site training and furnish online training modules to help their customers get up and running with the production scheduling feature.
One common sales tactic for financial advisors is to offer prospective clients a free (or low-cost) financial plan to demonstrate the advisor’s expertise and to let the prospect ‘test drive’ the advisor’s services. However, creating these pre-commitment strategies and plans can take up a significant amount of an advisor’s time and there is no guarantee that the prospect will actually decide to become a client (in which case the advisor’s work would have genera
Launched in 2016, specialised fintech firm Rupyy appoints its first CFO Mayank Thatte as the company's focus is on innovation, financial excellence, and foster sustainable growth.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
The bank has cut 1,600 jobs in the second quarter and expects a $300 million to $400 million uptick in expenses largely because of the severance costs, CFO Mark Mason said Wednesday.
Every year, companies waste millions of dollars on ERP systems that don’t work. For instance, Marin County allegedly spent $18.6 million on an ERP implementation that was supposed to simplify its finance process. But it didn’t work, and that $18 million went down the drain–and that’s not all.
Core inflation, however, remains stubbornly high at 5.3%. By David Enna, Tipswatch.com The May inflation report, just released by the Bureau of Labor Statistics, brought some welcome news with seasonally-adjusted prices rising just 0.1% for the month and 4.
About 31,000 companies had been incorporated at the end of May last fiscal, a record at the time, on top of nearly 4,000 LLPs, people aware of the details told ET.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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