Skip to the content

Why Procurement Savings Get Lost in Translation

By David Schannon and Chuck Miller, Bain & Co. (from Cfo.com) It’s a frustrating scenario at many companies: The procurement chief announces major savings from a new initiative, but the gains never make it to the bottom line. The problem is pretty obvious: two accounting systems that don’t mesh. Procurement departments calculate savings based on categories of goods, such ...

What skills will the future CFO need?

From Cfo.com: The future CFO needs to be a thought leader who fosters an open and collaborative culture to build next-generation practices. “That means empowering the team and giving them more control over the day-to-day finance operations,” says Anthony Coletta, CFO of SAP North America. To succeed in their new leadership roles, senior finance executives need to be adept at i ...

Corporate CFOs in High Demand at Charities as Budgets Come Under Scrutiny

From WSJ: After three decades working as a financial executive for General Electric Co. and the Depository Trust & Clearing Corp., Oscar Raposo took a career break in 2015 to go backpacking in Asia. When it was time to return to work, he decided to move into the nonprofit sector. “I wanted to do something that I was passionate about,” said Mr. Raposo. He is now finance chi ...

PwC fails to ward off multimillion negligence claim

PwC has failed in a High Court bid to ward off a pending multimillion euro negligence claim against the Big Four firm, reports Accountancy Daily. The firm had asked Mr Justice Fancourt to strike out the claim and grant them summary judgment. However, in a complex judgment running to more than 18,000 words, the judge refused. The case has been brought against PwC and Windward ...

EU plans overhaul of cross-border VAT rules

The EU is set to tighten VAT rules to improve fraud detection in cross-border e-commerce transactions and simplify requirements for SMEs, says Accountancy Daily.  The economic and financial affairs council has reached agreement on the two proposals, which will now go on to be formally adopted. The first reform concerns the detection of tax fraud in cross-border e-commerce tra ...

OECD consults on global tax rules to stop profit shifting

From Accountancy Daily: The OECD is consulting on its global anti-base erosion (GloBE) proposal which is designed to prevent multinationals from profit shifting, by developing rules which would effectively create a minimum tax rate worldwide. The proposal forms part of the remaining programme of work under the OECD’s Base Erosion and Profit Shifting (BEPS) framework, which is ...

Beautiful business, the antidote to Zumaism

Why the world no longer believes financial statements

It’s getting harder and harder to make sense of published financial accounts, and the relentless tweaking of accounting standards has done little to improve the situation. In fact, it has arguably made it worse. If published accounts were a reliable reflection of the commercial health of companies, then trouble at Steinhoff and Tongaat would have been picked up years ago. Inve ...

The man who tried to disrupt Wall Street’s stranglehold on Silicon Valley is retiring

From Vox: Barry McCarthy, the pioneer behind a novel method to take companies public, is leaving his role as the chief financial officer at Spotify. It’s a major loss for the streaming audio company. McCarthy may not be well known beyond the ranks of Wall Street and Silicon Valley, but the idea he developed last year to take Spotify public — what is known as a direct listing — ...

What Kind of Problems Can Machine Learning Solve?

From Cfo.com: The use of machine learning technology is spreading across all areas of modern organizations, and its predictive capabilities suit the finance function’s forward-looking needs. Understanding how to work with machine learning models is crucial for making informed investment decisions. Yet, for many finance professionals, successfully employing them is the equivale ...

Get interviewed

Share your story

Join our interview line-up today. We'll see if you qualify for an interview.