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Importance of Benchmarking and Reporting

CFO Network

Keep reading to learn how business owners can use data through benchmarking and reporting to gain a competitive edge and improve business operations. What is Benchmarking? Benchmarking is the idea of comparing your company and its process and operations against your competitors.

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India seeks new benchmark for farm subsidy at WTO

CFO News Room

CFO News Economics Financial Advisor Financial Planning Markets News Uncategorized farm subsidy world trade organization wto farm subsidy wto ministerial

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How to Benchmark Your OpEx Profile

The SaaS CFO

The post How to Benchmark Your OpEx Profile appeared first on The SaaS CFO. When I review a SaaS P&L for the first time, I take a high-level approach to understand the financial health of the business. I break the P&L into two sections, the “top half” and the “bottom half.”

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IMD predicts normal monsoon at 99% of benchmark long period average

CFO News Room

India will receive a ‘normal’ southwest monsoon (June-September) at 99% of the benchmark long period average (LPA), the India Meteorological Department (IMD) said on Thursday.

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How to Select and Build a Benchmark to Measure Portfolio Performance

CFO News Room

When investing, benchmarks are often used as a tool to assess the allocation, risk and return of a portfolio. Benchmarks are usually constructed using unmanaged indices, exchange-traded funds (ETF) or mutual fund categories to represent each asset class. Building the Benchmark.

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Sebi issues fresh benchmarking norms for portfolio managers

CFO News

While tagging an investment approach to a particular strategy, the portfolio manager should select one benchmark from those prescribed for that strategy to enable the investor to evaluate relative performance of the portfolio managers, Sebi said

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Frances Lawrence, CFO, FISCAL Technologies

CFO News Room

Frances, who was promoted to CFO in August 2021, particularly enjoys this aspect of her role which she says is much more commercial and strategic than her previous one. “I The post Frances Lawrence, CFO, FISCAL Technologies appeared first on GENCFO.

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The 2020 business spend management benchmark report

Future CFO

Download The post The 2020 business spend management benchmark report appeared first on FutureCFO. Find out the 12 insights that will help your organisation spend smarter. Operations Resources White Papers corporate expense management

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Views from the Summit: Sanjay Jawa, CFO of Kooth

Generation CFO

For the first of our ‘Views from the Summit’ series, Sanjay Jawa , the CFO of digital mental health platform Kooth , will be explaining more about what Kooth does, why mental health matters to him and what you can start doing to make a difference as a finance leader.

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Silicon Valley Investors Give Startups Survival Advice for Downturn

CFO News Room

After years of funneling cash into startups’ grand ambitions, Silicon Valley investors are engaging in the grim ritual of delivering survival advice to their portfolio companies.

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FASB LIBOR relief draws support, deadline nears

CFO Dive

The proposal would extend accounting relief for another two years to borrowers switching LIBOR-linked loans to new benchmarks

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China lowers new benchmark lending rate to boost economy

Future CFO

China lowered its new benchmark lending rate on Wednesday, in an attempt to give a boost to the slowing economy and reduce funding costs. This wasn’t the first time that the one-year LPR was lowered—it has been lowered thrice since it became the official lending benchmark in August. The post China lowers new benchmark lending rate to boost economy appeared first on FutureCFO.

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8 ways payment automation makes cash management better > CFO Leadership

CFO News Room

The Association for Financial Professionals (AFP) 2022 Payments Cost Benchmarking Survey found that 73% of organizations are now transitioning from checks to electronic payments. 2020 CRF-NACHA Survey on CRF Member Payment Benchmarks. By Mark Pensirini.

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The working capital tool for the digital era > CFO Leadership

CFO News Room

According to the 2022 AFP Payments Cost Benchmark Survey, just 25% of organizations surveyed said they used them. By Matthew McGrath. The push for digital transformation and the rise of remote work are bringing the era of paying vendors by paper check to an end.

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State of the CFO role

Future CFO

The CFO is increasingly taking co-responsibility for the technology direction of the business. What has happened is that the CFO of the digital economy now has to evaluate technologies, research new opportunities and build partnerships.

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Square CFO Departs, Shares Sink

PYMNTS

Square announced that its CFO is stepping down, which caused the company’s shares to fall in after-hours trading. Sarah isn’t just a world-class CFO. Launched eight years ago, San Francisco-based Nextdoor, a social networking service for neighborhoods, has raised $285 million from investors, including Insight Venture Partners, Benchmark, Shasta Ventures, Tiger Global Management and Kleiner Perkins.

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Most CEOs expect inflation to persist, survey shows

CFO Dive

Plans by the Federal Reserve to raise the benchmark interest rate probably will not quickly rein in the fastest price increases in four decades, most CEOs said in a survey

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Risks persist with some LIBOR legacy contracts: Fitch

CFO Dive

Recently passed federal legislation may not avert disruptions from some financial contracts linked to LIBOR that need to adopt a new benchmark rate

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Fed Signals Half-Percentage-Point Increases Could Be Warranted at Coming Meetings

CFO News Room

Officials last month approved their first interest rate increase in more than three years, raising their benchmark rate by a quarter percentage point to a range between 0.25% and 0.5%. CFO News Economic News Interest Rates Lael Brainard Monetary Policy SYND WSJ-PRO-WSJ.com

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Consumer Prices Plateau as Inflation Slows to Prepandemic Levels

CFO News Room

The inflation benchmark, measuring price growth over a year, hit a 40-year high in June after months of sustained price increases. After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to normal? Since then, monthly gains have slowed. While December 2022 prices were up 6.5% from a year earlier, a Wall Street Journal analysis of Labor Department data indicates that annual growth has eased to levels that existed before the pandemic.

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Fed’s Collins Signals Support for Slowing Pace of Interest Rate Increases

CFO News Room

The Fed raised its benchmark federal-funds interest rate this week by 0.75 CFO News Banking Banking/Credit Central Banking credit Economic News Financial Services inflation Interest Rates Monetary Policy PRO Susan Collins SYND WSJ-PRO-CB WSJ-PRO-WSJ.comA Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening.

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Australia Raises Interest Rates for First Time in More Than a Decade

CFO News Room

SYDNEY—The Reserve Bank of Australia raised its benchmark interest rate for the first time in more than a decade, acting to tame elevated inflation that is threatening the country’s economic recovery from the Covid-19 pandemic. CFO News CBA.AU

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CFO directive: resetting the table stakes of business transformation

Future CFO

The ERP vendor should understand the industry benchmarks and best practices and leverage these to guide the company forward. Learn more: [link] The post CFO directive: resetting the table stakes of business transformation appeared first on FutureCFO.

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Day after repo rate hike: Banks, NBFCs start raising loan rates

CFO News Room

On Thursday, HDFC increased its retail prime lending rate (RPLR) on housing loans, to which its adjustable rate home loans (ARHL) are benchmarked, by 50 basis points, with effect from June 10. As a result, most banks have adopted the repo rate as their benchmark.

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Rents Are Still Higher Than Before The Pandemic — And Assistance Programs Are Drying Up

CFO News Room

In 2019, the percentage of renters who spent more than 30 percent of their income on rent and utilities — an “affordability” benchmark — was 46 percent , according to the Joint Center for Housing Studies of Harvard University. Cleveland is one of the poorest cities in the country.

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Are you ready to become a virtual CFO?

Future CFO

In other words, going beyond compliance and bookkeeping to become a trusted financial and business advisor to small business clients will help any accountant step up to the role of virtual CFO. The rise of the virtual CFO The virtual CFO is a fairly new concept. It’s a way for small businesses to get CFO support that they wouldn’t have been able to afford previously. Having access to a virtual CFO can be a big benefit for a small business.

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Job openings remain significantly lower than 2022 peak

CFO News Room

While not much changed in the JOLTS report for November, when we benchmark against latest peaks and troughs, we can see how much these labor market metrics have moderated over the last two years. Posted January 4, 2023 at 10:52 am by EPI Staff.

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Job openings increased in December, but remain significantly lower than March 2022 peak

CFO News Room

Benchmarked against peaks and troughs, labor market metrics have clearly moderated in recent months.

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Europe’s Gas Market Is Still Counting on Russian Supplies

CFO News Room

The benchmark jumped 13% Thursday as traders scrambled to assess the likely effect of the new Russian sanctions, before falling back slightly early Friday. Europe’s LNG benchmark peaked at 227 euros a megawatt hour, equivalent to around $236, soon after Russia invaded Ukraine.

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CFOs Seek Higher Returns on Cash, but Banks May Be Slow to Raise Rates

CFO News Room

WSJ | CFO Journal. The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Akash Palkhiwala, the CFO of Qualcomm. Jill Timm, CFO of Kohl’s Corp.

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Your Ultimate Finance Department Checklist

CFO Simplified

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. Mid-sized businesses benefit the most from hiring a fractional CFO.

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RBI MPC meeting: As RBI focuses on withdrawal of loose policy, economists see interest rate hike in August

CFO News Room

As the Reserve Bank of India acknowledged the “tectonic shifts” that have been caused by the ongoing Russia-Ukraine war and kept the benchmark interest rates unchanged to back growth, economists now expect the central bank to shift to a neutral stance in the next meeting.

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RBI may conclude FY23 with a 25 bps rate hike to tame India’s sticky core inflation

CFO News

The prediction of a smaller rate hike can be attributed to softening of retail inflation and the US Federal Reserve moderating the pace of increase in its benchmark interest rate The decision of RBI Governor Shaktikanta Das-headed six-member MPC will be announced on Wednesday at 10 am.

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Oil Industry Contemplates World Without Russian Crude

CFO News Room

Futures on Brent crude, the international benchmark, jumped 5.4% As oil prices shoot to levels unseen since before the 2008 financial crisis, the energy industry is asking a previously unthinkable question: How would it cope if it has to forgo Russian oil?

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Fed’s Message on Interest-Rate Path, Destination Will Be Scrutinized

CFO News Room

In March, Fed officials lifted their benchmark federal-funds rate to a range between 0.25% and 0.50%, from near zero. Investors tuning into Federal Reserve Chairman. Jerome Powell’s.