In a revolutionary decision that has the potential to restructure the financial sector, BlackRock, the biggest asset manager in the world, launched the first tokenized fund ever with its shares issued on the Ethereum public blockchain. The name given to this innovative product is “BlackRock USD Institutional Digital Liquidity Fund” (BUIDL). BUIDL provides qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC.
Author: Your TechCFO
Cash flow. It’s the lifeblood of any enterprise, man or woman, or family. But what happens while the rhythm gets off, and your outflows begin to outweigh your inflows? Don’t fear! According to a PWC record, a whopping 82% of agencies inside the US revel in cash flow troubles at some point.
In a nutshell, outsourced accounting includes delegating your monetary control responsibilities to a qualified expert or firm. This can embody a huge variety of offerings, from fundamental bookkeeping and facts access to complex tax training and financial analysis. Essentially, you are hiring an expert, i. e. outsourced accountant services to address the economic nitty-gritty so you can focus on what honestly subjects – growing your commercial enterprise.
Nikola Corporation, a US-based manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions, has appointed Thomas Okray as Chief Financial Officer (CFO) of the corporation.
Have you ever obtained a hefty pre-payment for a carrier you haven’t added yet? While it might appear to be an early win, it absolutely introduces a new accounting time into your economic equation: deferred revenue.
Often shrouded in a piece of mystery, this idea can be elaborate to recognize and navigate. But worry not, fellow marketers! This blog aims to demystify the whole lot deferred revenue, from its definition and impact to the trendy developments and professional tips for coping with it efficaciously.
In today’s dynamic economic landscape, characterized by rising inflation (8.2% as of September 2023, according to the Bureau of Labor Statistics) and potential recessionary concerns, cost management has become a top priority for businesses of all sizes. But for Chief Financial Officers (CFOs), navigating the terrain of cost management goes beyond simply slashing expenses. It requires a strategic and data-driven approach that balances efficiency with long-term growth.
Remember the days of waiting in line at the bank, filling out endless forms, and feeling like an afterthought in the financial services industry? Forget it. The FinTech revolution is in full swing, and 2024 promises to be a year of even more disruption, innovation, and personalization. From AI-powered financial advisors to the rise of the “super app,” get ready for a rollercoaster ride through the fascinating world of technology-driven finance.
Simetrik, a Colombian B2B financial automation platform, has secured a $55 million Series B funding round to fuel global expansion and enhance its AI-powered financial tools.
The funding, led by Growth Equity at Goldman Sachs Asset Management, reinforces Simetrik’s position in the rapidly evolving financial technology landscape. Founded in 2019, the company has carved a niche by offering intuitive solutions like record centralization, reconciliation, and automated financial reporting through its innovative Simetrik Building Blocks (SBBs).
Imagine this: You’re the captain of a ship, charting a course through uncharted waters. The winds of the market swirl around you, the currents of economic trends shift beneath you, and you need to reach your destination – financial stability – without running aground. This, my friends, is the essence of Financial Planning and Analysis (FP&A).
Imagine a world where profits and planetary health go together. Where the guardians of the corporate purse see sustainability not as a cost, but as a golden opportunity. This is the reality dawning upon Chief Financial Officers (CFOs) across the USA, and it’s shaking up the traditional boardroom dynamic. Let’s embark on a journey to explore the evolving role of CFOs in sustainability initiatives, a story packed with surprising stats, expert insights, and a glimpse into the future of responsible finance