Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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5 Habits of Highly Effective CFOs

The Finance Weekly

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Their absence of a clear financial strategy might also jeopardize the business, hindering the attainment of long-term growth and profitability objectives.

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Use innovation to drive finance’s operational excellence and business outcomes

Future CFO

Finance operations are not as simple and clear-cut as it was decades ago. Given the imperative to accelerate digital transformation across industries, CFOs and finance teams need to get better at adopting new technologies and driving the integration needed to make these work optimally. Based on findings from Deloitte’s Asia-Pacific CFO Survey , striking the right balance between broad accounting proficiency and specialised technological skills has become a paramount concern for CFOs in the regio

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The weight of upskilling in finance

Future CFO

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. Source: Gartner 10 digital must-do for CFOs With the new advancements in technology that are coming in left and right, finance leaders and teams are expected to face challenges in talent, what with all the requisites of attraction, acquisition, and retraining.

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FDI reform 2.0: Banking, defence, insurance reforms on table

CFO News

Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can be further eased. Any changes will be made after the elections that end on June 1.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Shifting accounting norms for the AI age: EY

CFO Dive

The rise of AI in the accounting space could bolster the need for core financial skills and expertise, EY’s Daren Campbell says.

More Trending

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Companies now investing in premium office fit-outs

CFO News

Savills India data reflects a shift towards premium spaces, while tech players like Tushar Mittal drive demand amidst a growing construction industry.

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Stubborn inflation to keep rates ‘higher for longer’: Fannie Mae

CFO Dive

Economists have marked down their estimates for the number of quarter-point cuts to the federal funds rate from as many as six to one or two.

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What are the essential checkpoints for GST compliance in FY25?

CFO News

From annual submission form GSTR-4to verification and reconciliation of credit and cash balances on the GST portal, finance personnel need to cater to several GST related compliance during this fiscal.

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Track fishy transactions, RBI tells payment firms

CFO News

In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund candidates who are participating in the elections.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Process Vs. Physical Automation: Warehouse Automation

Navigator SAP

Automation related to inventory management is comprised of two main components: process automation, and physical automation. Both are designed to improve operations and procedures within a warehouse beyond the capabilities of human workers through the integration of artificial intelligence and robotics. Each type of component takes over a repetitive or time-consuming task, enabling workers to focus on more challenging jobs.

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Mobico CFO steps down following delayed financial results

CFO Dive

The public transport company appointed an interim CFO after reporting a 36% drop in profit, impacted by inflationary pressures and labor shortages in key markets.

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Let’s weigh in on the I Bonds vs. T-bills debate

Tips Watch

By David Enna, Tipswatch.com Last week I was being interviewed by CNBC’s Kate Dore about I Bond investment strategies, and I found myself asking her a question: “Do you think the Federal Reserve has learned a lesson?

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U GRO Capital CFO calls for new NBFC category to boost MSME financing

CFO News

U GRO Capital's CFO, Kishore Lodha, suggests a distinct NBFC category for MSMEs to address their financial needs effectively. The CFO also highlighted the company's commitment to sustainability, emphasising growth strategies, including impact assessments and innovative financing solutions like rooftop solar and water sanitation.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Where Automation Improves Inventory Management

Navigator SAP

Meeting production deadlines and hitting quality standards is not enough. Manufacturers must also be nimble and efficient.

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ADM’s suspended CFO to resign amid accounting scandal

CFO Dive

Vikram Luthar — who was placed on a forced leave in January — will assist the company and be paid his base salary until his resignation is effective on Sept. 30.

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Assessing Payouts And Platform Fees For Profitability When Choosing An Independent Advisor Platform To Affiliate With

Nerd's Eye View

Broadly speaking, there are 2 models of working as a financial advisor: operating independently as a firm owner or with a large affiliate platform such as a wirehouse broker-dealer, independent broker-dealer, or larger corporate RIA. Deciding which model to work under is a key moment in beginning or evolving a career as an advisor. In the independent model, owners/advisors are generally paid directly by the clients they serve, and they select and pay for the vendors, services, and employees that

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India requires 30 lakh CAs for $30 trillion economy by 2047, says ICAI President

CFO News

ICAI President Ranjeet Kumar Agarwal projects a surge in demand for chartered accountants, supporting India's aim of a $30 trillion economy by 2047. He also emphasizes on the pivotal role of digitalization and the institute's initiatives for skill enhancement and global alignment with mutual recognition agreements.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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March 2024 State Coincident Indexes Ease

Barry Ritholtz

A quick note on the state of the economy in light of some recent data. Q1 2024 Gross Domestic Product expanded at a disappointing 1.6% — note this is seasonally and inflation-adjusted annual rate. That lagged economists’ consensus of 2.4%. However, it’s not quite all it appears. Some of this is that “long and variable lag” of higher rates starting to bite — but it’s not just that.

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HeadSpin founder Lachwani sentenced to 18 months in prison for fraud

CFO Dive

The former CEO of HeadSpin — ordered to pay a $1 million fine — faces a July hearing focused on compensating bilked investors.

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Reframing Risk In Retirement As “Over- And Under-Spending” To Better Communicate Decisions To Clients, And Finding “Best Guess” Spending Level

Nerd's Eye View

Over the past few decades, advicers have used Monte Carlo analysis tools to communicate to clients if their assets and planned level of spending were sufficient for them to realize their goals while (critically) not running out of money in retirement. More recently, however, the Monte Carlo "probability of success/failure" framing has attracted some criticism, as it can potentially alter the way that a client perceives risk, leading them to make less-than-ideal decisions.

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Over half of India's top 100 listed companies voluntarily disclose Scope 3 data in BRSR, says PwC India

CFO News

Indian firms prioritize ESG reporting, with 51 per cent disclosing Scope 3 emissions. Key findings include 89 per cent disclosing leadership indicators and 31 per cent revealing net-zero targets, as per the PwC India report.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Reviving a Financially Troubled Business: The Role of the CFO

CFO Share

Small businesses that need a turnaround are often on the brink of a breakthrough, just weeks or months, or one big deal away from success. As a result, if your business is in financial trouble, you probably feel an unusual mix of hope and desperation, anxiety and optimism. Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO.

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Big Six tech firms’ profit momentum could be headed for collapse: UBS

CFO Dive

The companies’ growth in earnings per share is projected to drop to 15.5% by the first quarter of 2025, from an estimated 42.2% for the same period in Q1 2024.

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The importance of good ethics among finance professionals

Future CFO

The Association of Chartered Certified Accountants (ACCA) identified the importance of good ethics among finance professionals as one of the pathways to make a positive impact in tackling various issues. Such concerns include climate change, social inequality, and a widespread lack of trust, ACCA says. As a professional accountant, one is already aware that they can make a difference to build a better world that works for everyone, although it can be hard to know how to put that knowledge into

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Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation

CFO News

This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55 billion.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.