AI dominates CFOs’ 2024 budget hike plans
CFO Dive
FEBRUARY 13, 2024
The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
CFO Dive
FEBRUARY 13, 2024
The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.
CFO Dive
JULY 14, 2023
The majoriy of finance departments studied were about as efficient as a “monster truck,” a Hackett Group researcher said. There are steps companies can take to make them run more like Priuses.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Fpanda Club
FEBRUARY 21, 2023
Budgeting is a type of short-term planning the goal of which is to transform strategic objectives into operational plan by allocating available resources. Though one is a natural phenomenon and the other is a business process, budgets and hurricanes have more in common than it may be noticed at first sight. Coincidence? I think NOT ?.
CFO Dive
SEPTEMBER 16, 2022
The appeal of litigation finance — which has evolved into a $17 billion business — could rise in a slowing economy as investors warm to non-correlated assets.
CFO News
FEBRUARY 1, 2023
The budget has taken advantage of the fiscal space created by the end of the Covid free-food programme, lower fertiliser subsidies, and a sharp reduction in MGNREGA outlay. This has an element of election budgeting. This has made possible the reduction of ₹37,000 crore in direct taxes.
CFO News
JANUARY 31, 2024
India Inc braces itself for the interim budget for 2024-2025 to be announced soon. Finance Minister Nirmala Sitharaman, will be presenting her sixth union budget, rather than a full Budget ahead of the General Election in 2024.
Future CFO
APRIL 22, 2024
The evolution of the finance function over the past few years has been anything but apparent, with the whole advent of digitalisation within the team and the non-stop shifts in the market. For many Finance teams, AI-powered technology does not replace humans as it functions more like a highly specialised team member.
CFO News
FEBRUARY 1, 2024
In this article, Rakesh Nangia and Rajan Sachdev delve into Finance Minister Nirmala Sitharaman's Interim Budget 2024. They highlighted that this budget presents a Sankalp (pledge) for an Unstoppable India, emphasizing inclusive growth, innovation, and the strategic importance of the India-Middle East-Europe Economic Corridor.
The Charity CFO
MARCH 29, 2024
Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance. For example, you budget $2,000 per month for payroll, but your actual costs are $2,500.
CFO News
FEBRUARY 4, 2024
Finance expert Robin Banerjee evaluates the Union Budget 2024, emphasizing long-term planning, infrastructure focus, fiscal responsibility, and sector-specific strategies. While praising positive moves, he points out areas that need more attention for a comprehensive economic uplift.
Centage
AUGUST 16, 2023
Spreadsheets like Excel can be valuable to small businesses for tracking costs and organizing their finances. Finding a tool for automating budgeting helps companies maintain and grow their business in numerous ways. A solution that provides automated budgets can easily wrangle this data into absorbable metrics that tell a story.
CFO News Room
FEBRUARY 5, 2022
In her Budget speeches for 2019-20 and 2020-21, finance minister Nirmala Sitharaman referred to ZBNF as ‘innovative model for doubling farmers’ income’. To reduce import dependence, the Budget has also proposed formulation of a comprehensive scheme for boosting domestic production of oilseeds. In 2020-21, India imported 13.35
The Charity CFO
FEBRUARY 27, 2024
Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. But your budget shouldn’t be a “set it and forget it” plan.
CFO Selections
APRIL 19, 2024
The first thing you need to know when creating a budget is that it is wrong from the start. In the world of accounting and finance, we like things to be precise and tie out neatly. A budget, on the other hand, is meant to be a predictive tool and a roadmap to help you get to where you are going.
CFO News Room
FEBRUARY 6, 2022
While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. Both of these would be addressed through the Gati Shakti initiative which is one of the cornerstones of Budget 2022-23.
CFO News Room
FEBRUARY 5, 2022
Finance Minister Nirmala Sitharaman’s shortest Budget ever may not have met the general expectations of being a short-term consumption booster, but it surely has all the right ingredients for becoming an impactful long-term growth-oriented move. By Mohit Malhotra. Around Rs 2.37 The writer is CEO, Dabur. Views are personal.
CFO News Room
FEBRUARY 5, 2022
The Finance Bill, 2022 proposes amending the RBI Act, 1934 to modify the definition of a bank note to cover digital notes issued by the central bank. The Reserve Bank of India ( RBI ) will introduce a digital rupee in the next financial year beginning April 2022 subsequent to amendments proposed in the Finance Bill, 2022.
Fpanda Club
MAY 17, 2022
Budget and annual planning cycle - these words can make many people tremble. There are many reasons to hate budget effort. Indeed, it usually takes several months to run the budget cycle. On average, companies build 5 versions of the budget before final approval. Too many iterations. Too many people involved.
CFO News Room
FEBRUARY 5, 2022
The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. The finance minister also said the IPO of LIC will be announced soon.
Centage
AUGUST 22, 2023
In a perfect world, budgets would always line up perfectly with actual spending. Even the most strategically-crafted budgets can take hits from unforeseen circumstances. Expecting that something unexpected will occur throughout the year weakens the argument for creating a traditional budget. What Is a Driver-Based Budget?
Centage
AUGUST 29, 2023
Budget season is one of the most important times for financial teams, as it sets the tone for how well the company will grow. However, teams shouldn’t only focus on business budgeting for a month or a year. Let’s discuss those along with what you need to create a powerfully-built budget.
CFO News Room
FEBRUARY 5, 2022
Resilience, inclusive growth, and technology-enabled development – the Budget 2022 by finance minister Nirmala Sitharaman aims to create an enabling framework to achieve these three benchmarks. Also Read | Union Budget 2022 focuses on long-term economic growth; watch out for these sector stocks for strong gains. By Vidit Aatrey.
Capital CFO LLC
JULY 25, 2023
Starting a business is an exciting venture, but it can also be overwhelming, especially when it comes budgeting for a startup and managing your finances. As a startup founder, getting […] The post Budgeting for a Startup: Tips for Getting Your Finances in Order appeared first on Capital CFO+.
Future CFO
FEBRUARY 25, 2024
Editor’s note: Have you already adopted agile budgeting? Pannie Sia (pictured), general manager, ASEAN, Workda y explains what it is, how it’s different from traditional budgeting, the benefits it brings, and how CFOs can make agile budgeting effective and successful. FutureCFO: Why do finance functions do agile budgeting?
CFO News Room
FEBRUARY 4, 2022
The finance minister has managed the tough balancing act of spurring economic revival while also maintaining fiscal discipline. Crucially, while the Budget had a clear digital focus, it did not leave the needs of the grassroots unattended. The author is MD and CEO, AU Small Finance Bank. By Sanjay Agarwal. Views are personal.).
Centage
SEPTEMBER 11, 2023
Unfortunately, creating a perfect budget doesn’t mean that you’ll follow it. Budget vs actuals analysis is one of the most effective ways to maintain a clear picture of your company’s performance. Budget vs actuals analysis allows you to assess how well your organization is following its financial plans. Gather the Data.
Centage
FEBRUARY 11, 2022
And how will all of these uncertainties affect my business budgeting process? Your ability to provide expert guidance through your business budget and forecasting process will require you to have a deep understanding of your cash flow. Red Flags in Business Budgeting and Forecasting How do you know when it’s time to act?
Generation CFO
JANUARY 5, 2022
Like many finance leaders, Aidana Zhakupbekova, VP Finance at HousingAnywhere , the largest European mid to long-term rental accommodation platform, has worked across accounting, credit control and FB&A spheres. . Start-ups typically don’t start with strategic finance and focus more on operational finance,” she explains.
CFO News Room
FEBRUARY 4, 2022
Continuing the same spirit in defence allocations, 68% of the defence capital procurement budget for domestic players will also go a long way in strengthening the domestic hi-tech manufacturing ecosystem. Budget 2022 is one of the more progressive Budgets we have had in recent years. By Ankit Agarwal.
Fpanda Club
FEBRUARY 5, 2024
Finance business partnering is not a new concept and has been around for a while. The success …depends on the extent to which finance men are capable of looking outside finance and playing an active, rather than a passive, role in the business. Well, not just for a while, for more than 60 years.
Cube Software
SEPTEMBER 22, 2023
As a former 3x CFO, I've survived my fair share of budget seasons—and so has my colleague , Chris Ortega (fractional CFO and CEO of Fresh FP&A). From budget season horror stories to tales of success, Chris and I discussed it all in our recent webinar, Surviving Budget Season: 4 Proven Tactics for Finance Leaders.
Centage
JULY 25, 2023
Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business. If a member of your team accidentally enters inaccurate data, this could throw off your company’s entire budget.
CFO News
SEPTEMBER 4, 2023
The Ministry of Finance has started the process of preparing the interim Budget for 2024-25 by inviting inputs on expenditure from various ministries and departments. The full Budget for the next fiscal year will be presented after the formation of the new government post the Lok Sabha elections.
CFO News
JANUARY 25, 2024
Union Budget 2024 is next week, and the questions are many, whether it will focus on growth and boost capital expenditure or reduce spending to curtail the debt, which is significantly high. Education, health and women empowerment, and employment are the major areas which people want the finance minister to address.
Centage
MAY 23, 2023
As we approach the halfway point of 2023, it’s a good time to take a close look at your budget and determine where you and your team are succeeding versus falling short. Keep reading to learn more about the importance of a mid-year budget review and discover our expert tips for financial success.
Centage
AUGUST 1, 2023
Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.
CFO Dive
MAY 15, 2023
In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.
Cube Software
AUGUST 27, 2023
Tips for aligning your budget with strategic priorities For SMBs, where financial agility can make or break success, it’s crucial to see budgeting not just as a numerical activity, but as a strategic initiative that guides the company's trajectory.
CFO News Room
DECEMBER 16, 2022
One industry that tends to be recession-resistant is finance. And while the finance industry has seen its share of ups and downs over the years, it generally bounces back fairly quickly after a downturn. If you’re considering a career in finance, you’re probably wondering what the best-paying jobs are. Chief Financial Officer.
Embark With Us
OCTOBER 13, 2022
Budgeting might not be the funnest thing in the world, but oh-boy is it important. Without a budget, a business is a ship without a rudder. In other words, a budget provides an acute sense of direction and context to operations. A hiker without a compass.
Spreadym
NOVEMBER 8, 2023
Collaborative budgeting is an approach to financial planning and management that involves the active participation of multiple individuals or teams within an organization. It goes beyond the traditional top-down budgeting process, where senior management sets financial targets and allocates resources.
CFO News
FEBRUARY 1, 2024
Discover the essence of India's Budget 2024 with key tax highlights. Finance Minister Sitharaman's strategic measures promise tax stability, support for startups, and streamlined processes, shaping the nation's economic course.
Centage
JULY 11, 2023
Budget season is just around the corner, and being prepared is integral. Planning 2024 budgets takes forethought and considerable prep work. CFOs drive the success of next year’s budgets with the prep work they do today. Here are 6 actions CFOs need to take to create valuable, accurate 2024 budgets. #1
CFO News Room
FEBRUARY 5, 2022
lakh crore, against the Budget estimate of Rs 12.05 Also Read| Budget 2022: FM proposes to permit taxpayers to file updated ITR on payment of additional tax. The Budget has projected a fiscal deficit of 6.4% The market was expecting net borrowing to be in the range of Rs 12.50 lakh crore to Rs 13 lakh crore. lakh crore.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content