Month: June 2021

CFOs plan to increase technology investments, with 82% saying they intend to increase investment in digital capabilities in fiscal year (FY) 2021 compared to FY20, according to survey by Gartner, Inc. The survey of 115 CFOs was conducted by Gartner between July – December 2020, and it also revealed that 70% of respondents intend to …

Gartner Says More CFOs Intend to Increase Digital Investment Than Any Other Area in FY21 Read More »

From Cfo.com: Many CFOs faced challenges collecting cash and keeping a lid on inventories as the pandemic raged and then subsided. Shortfalls in revenues, curtailed or redirected customer demand, liquidity pressures, receivables collection headaches  — on the working capital front, 2020 put finance departments to the test.  How did the largest U.S. companies perform overall? …

Working capital scorecard: A tumultuous year for CFOs Read More »

From Consumers Advisory: Careers for some women in finance are being held back by “mediocre” male middle managers adept at playing internal politics, according to a report backed by some of the City of London’s largest financial institutions. Research by Women In Banking and Finance and the London School of Economics — which has been supported …

Women in finance say ‘mediocre’ male managers block progress Read More »

From CFO Dive: Covid-related disruptions made it clear a broader strategic approach is needed even once a supply and demand equilibrium is restored. CFOs are reexamining just-in-time production after the pandemic left many businesses unable to meet customer demand because of supply shortages. Until some form of equilibrium is once again reached, CFOs should rethink …

CFOs rethinking cost savings of just-in-time supply chains Read More »

From CFO Daily News: No matter how many hours you put in, a CFO’s to-do list can feel never-ending. That makes time management an essential skill. And you know the solution isn’t working more hours. It’s working more efficiently in the hours you have each day. When you do that, not only do you avoid burnout yourself, you set a …

3 next-level time management strategies for CFOs Read More »

From Gartner: CFOs find themselves at a pivotal moment as multiple sources of rapid transformation unfold all around them. The very nature of work is transforming, along with where work gets done and how it gets done. Additionally, the accelerating pace of investments to enable digital transformation across functions is another key cause for CFOs …

The CFO at a crossroads: How to be a catalyst for transformation Read More »

CFE has issued an Opinion Statement responding to the European Commission’s public consultation on current VAT rules for insurance and financial services. “CFE are of the view that current exemption works well in general in the sector. However it is unfortunate the CJEU case law precludes the application of the cost sharing exemption and, particularly on transactions between …

EU rules for VAT on insurance and financial services are adequate – CFE Read More »

From WSJ: Startups are beefing up finance departments as balance sheets swell and SPACs offer a new route to public markets. As startups raise record amounts of venture capital, one role is in particularly high demand: the chief financial officer. Historically, startups, many with just a couple dozen employees, have sought to stay nimble and …

Flush with cash, startups move to hire CFOs earlier Read More »

From CFO Daily News: When your finance team thinks “sales tax audit,” they probably think “big headache.” But a reverse audit could spur a different result. As CFOs know, a reverse audit aims to identify and recover tax overpayments that have either been remitted to vendors or filed directly as a self-assessment of use tax, …

How your company could benefit from a reverse audit Read More »