Wed.May 10, 2023

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New York Times promotes strategy officer to CFO

CFO Dive

CFO Roland Caputo announced his retirement from the company back in December 2022. Now, the company is looking to another long-time employee to fill his shoes.

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What Is Intelligent ERP? Unlocking the Potential of AI

Navigator SAP

Artificial intelligence (AI) is undoubtedly transforming every sector of the global economy, providing enterprises with cutting-edge systems to automate their core business functions and processes. This technology has been incorporated into various software development projects including the development of enterprise resource planning (ERP) systems.

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Trending Sources

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Burying bad 8-K news raises red flags

CFO Dive

Researchers assert some companies “strategically” divert investor attention from negative SEC filings by issuing concurrent press releases on unrelated matters.

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J&K Bank’s FY23 results: Auditors raised flags and now regulators should act, says Amarjit Chopra

CFO News

A high level of compliance with various rules and regulations and sound governance practices are expected in state-run banks, particularly in view of huge public interest and appointment of directors by the government on their Boards, says the former ICAI President.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Inflation eases yet persists at more than twice Fed target

CFO Dive

Core inflation, which excludes food and energy prices, remains high despite 10 consecutive increases in the federal funds rate since March 2022.

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More Trending

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Barclays veteran named Tellurian CFO

CFO Dive

The appointment of investment banker Simon Oxley comes at a “pivotal time” for Tellurian, as the energy company looks to fund a proposed natural gas export facility in Louisiana, according to its CEO.

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E-invoices must for businesses with 5 crore turnover a year

CFO News

The move is aimed at further improving compliance and further plugging gaps in revenue collection. Currently, the threshold for business annual turnover above Rs 10 crore is required to issue e-invoicing.

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Instead Of Asking “Why”, Try “What Else” To Get Clients To Open Up About Goals

Nerd's Eye View

In meetings with current and prospective clients, asking follow-up questions can be a valuable tool for uncovering information about the client’s underlying values, goals, and motivations… and for deepening the personal connection that drives the advisor-client relationship. But while it’s one thing to know that it’s good to ask questions, it’s another thing to know which questions to ask to make the client feel comfortable enough to open up and discuss the personal

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NCLT admits Go First's plea for insolvency proceedings, appoints IRP

CFO News

The National Company Law Tribunal (NCLT) directed the IRP to keep Go First as a going concern and not to retrench any employee.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Why You Should Stop Asking “Why” – And Ask “What Else” To Get Clients To Open Up About Goals

Nerd's Eye View

In meetings with current and prospective clients, asking follow-up questions can be a valuable tool for uncovering information about the client’s underlying values, goals, and motivations… and for deepening the personal connection that drives the advisor-client relationship. But while it’s one thing to know that it’s good to ask questions, it’s another thing to know which questions to ask to make the client feel comfortable enough to open up and discuss the personal

Finance 95
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ED's searches at corporates may tarnish business prospects, constrict funding access: Fitch

CFO News

Fitch Ratings said that Indian law-enforcement agencies' investigations could potentially damage a corporate's business reputation and constrict funding access, particularly when there is reduced market confidence, despite no wrongdoing being identified. This warning comes after the recent searches by the Enforcement Directorate at Manappuram Finance.

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Future Proof 2023: First 50 Speakers Announcement Drop

The Reformed Broker

Our first big reveal of speakers, musical acts, media, and sponsors for @FutureProofAC 2023 IS HERE Get your ticket today and join us in Huntington Beach, CA on September 10th-13th Register here: [link] pic.twitter.com/rbQR2zAGDk — The Compound (@TheCompoundNews) May 10, 2023 Today we announced the first fifty speakers who will be appearing at Future Proof Festival 2023.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • 26 Empire State Buildings Could Fit Into New York’s Empty Office Space. That’s a Sign. Unlike earlier eras of urban success, this time New York did not produce enough housing to keep up with demand. The cost of living skyrocketed. Compare New York with Houston, which remained affordable for ordinary Americans because it built aggressively.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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U.S. inflation increased 0.4% in April, continuing a gradual downward trend

Tips Watch

By David Enna, Tipswatch.com Here’s a quick overview of today’s inflation report: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.

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What-if analysis or why is it important for good financial planning software?

Spreadym

What-if analysis is a technique used in financial planning and decision-making business software to assess the potential outcomes of different scenarios or changes in variables. It involves evaluating the impact of various "what-if" situations on financial flows projections, business performance measures, or outcomes. In what-if module of FP&A software, you typically make hypothetical adjustments to one or more variables and observe the resulting changes in the overall financial picture.

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True impact of failed payments

Future CFO

The global economy runs on efficient cross-border account-to-account (A2A) payments, and yet the average global straight-through processing (STP) rate is as little as 26% according to LexisNexis® Risk Solutions recent study into the True Impact of Failed Payments. Deteriorating macroeconomic conditions and rising inflation pressures leave little room for payments failures, costly errors and operational delays.

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I-T dept raids Mankind Pharma premises in Delhi over tax evasion allegation

CFO News

The company is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Risk culture has changed for the better: ACCA

Future CFO

Risk culture has changed for the better, said ACCA recently when releasing results of a survey. According to the accountancy body, 57% of respondents said risk culture has changed for the better since the pandemic. ACCA said it collaborated with The Association of Insurance and Risk Managers (Airmic) and the Professional Risk Managers’ International Association (PRMIA) in this study that gauges how risk and financial leaders are dealing with risk culture and to what extent they understand its ef

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BharatPe files FIR against Ashneer Grover, family for Rs 81 cr fraud

CFO News

The FIR has been registered under cognizable criminal offences, including criminal breach of trust, criminal conspiracy, cheating, dishonesty, and forgery.

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The Ultimate Guide to Setting Up a Secure Data Room For Your Business

Financial Analyst Insider

For some people, setting up a data room might be challenging. In actuality, setting up data rooms for M&A deal makers is not that difficult The post The Ultimate Guide to Setting Up a Secure Data Room For Your Business appeared first on Financial Analyst Insider.

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ED searches Mumbai offices of Deloitte India, KPMG unit

CFO News

The ED searched the Mumbai offices of Deloitte Haskins & Sells (DHS), the Indian arm of Deloitte, and KPMG associate firm BSR & Co. DHS had rotated out as IFIN's auditor in fiscal 2018,while BSR resigned from the role in June 2019 after allegations of irregularities at the non-bank finance company came to light.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Cedacri – Bond Launch

Reval

Cedacri – 10 May Bond Launch Press Release The post Cedacri – Bond Launch appeared first on ION.

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ED raids premises of two former IL&FS auditors in money-laundering case

CFO News

ED conducted raids at the premises of BSR and Associates and Deloitte Haskins and Sells in connection with a money-laundering probe into the alleged financial irregularities at IL&FS. IL&FS filed for bankruptcy in 2018 with an aggregate debt burden of over Rs 91,000 crore. The senior management at IL&FS allegedly caused illegal personal gains at the expense of the company by falsifying accounts and boosting the balance sheet.

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Jake Jessop Joins vcfo Denver Team as Senior People Operations/HR Consultant

VCFO

As the vcfo Denver team expands to meet the needs of our valued clients, Jake Jessop has joined as a Senior People Operations / HR Consultant. Jake Jessop is an innovative people operations professional with 10+ years of experience supporting high-growth teams and customizing HR solutions to boost performance, employee engagement, and profitability.

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Sebi moots higher threshold for investment in AIFs

CFO News

At present, an investor with an income or net worth below a certain threshold has to chip in at least ₹1 crore to invest in an AIF - the regulatory term for PE and VC funds. The entry level investment has remained unchanged since AIF rules were announced in 2012.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.