Sat.Jun 10, 2023 - Fri.Jun 16, 2023

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The International CFO Alliance: A Global Initiative to Elevate the CFO Profession

CFO Talks

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 97
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Advice for New CFOs, A Book Pick, 12 Mo. Priorities | Taryn Aronson, CFO, Tovala

CFO Thought Leader

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.

CFO 52
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Trending Sources

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As software migrates to cloud, IT spending waste follows

CFO Dive

Enterprise technology asset managers are shifting their focus from desktops and data centers to containers and cloud, as SaaS solutions proliferate.

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The Day the Treasury Topped

The Reformed Broker

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.

Treasury 138
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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

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.

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Generative AI revenues projected to reach $36B by 2028

CFO Dive

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.

Marketing 283

More Trending

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Wells Fargo CFO warns of commercial real estate weakness

CFO Dive

Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.

CFO 326
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ERP: The Secret Weapon for Project-Based Companies

Navigator SAP

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.

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Americonned

Barry Ritholtz

@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%.

Numbers 133
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Joint Audit may increase risks; no evidence that it improves audit quality says BSR Head

CFO News

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.

Auditing 116
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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

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.

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CFOs lower growth expectations, cut costs: Deloitte

CFO Dive

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.

Finance 318
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Manufacturing ERP Industry-Specific Solutions: What You Need to Know

Navigator SAP

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.

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Record 401(k) Participation at Vanguard Plans

Barry Ritholtz

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

Planning 115
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Micron nears $1 billion investment in India chip packaging plant

CFO News

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.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

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.

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Microsoft beefs up AI-powered business automation tool

CFO Dive

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.

Finance 297
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Five ERP Software Selection Mistakes That Could Cost You Big Time

Navigator SAP

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.

Numbers 130
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Weekend Reading For Financial Planners (June 17-18)

Nerd's Eye View

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.

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India's retail inflation eases at 25-month low to 4.25 per cent in May

CFO News

Retail Inflation: The number has remained below the Reserve Bank of India’s (RBI) upper band target of 6 per cent for the third consecutive month.

Retail 105
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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

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.

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AI may annually boost US productivity 0.7% through 2040: McKinsey

CFO Dive

Unlike many prior advances in technology, generative AI will likely prove most jarring to highly educated workers, McKinsey said.

Education 271
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Manufacturing ERP System Production Scheduling: Tips for Success

Navigator SAP

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.

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Why Pre-Commitment Strategies Can Work And 3 Steps To Implement Them With (The Right) Prospects

Nerd's Eye View

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

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Rupyy of CarDekho Group appoints Mayank Thatte as its first CFO

CFO News

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.

CFO 105
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

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

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Citi CFO says tech initiatives will drive 5,000 job cuts this year

CFO Dive

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.

CFO 267
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ERP System Integration Challenges: Overcoming the Obstacles

Navigator SAP

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.

Finance 130
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U.S. inflation continued sliding lower in May, falling to 4.0% year-over-year

Tips Watch

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.

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Amid MCA21 glitches, record no of cos floated

CFO News

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.

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Book of Secrets on the Month-End Close

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.