Mon.Jun 19, 2023

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The best cash flow management software for business

Spreadym

Cash flow management is a critical aspect of financial management for any business or individual. It involves monitoring, analyzing, and optimizing the flow of cash into and out of an entity to ensure the availability of sufficient funds for operations, expenses, and future growth. Here is a general process for effective cash flow management: Establish a Cash Flow Forecast: Begin by creating a cash flow forecast, which estimates the expected cash inflows and outflows over a specific period (e.g.

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B2B payment fraudsters exploit security holes: Trustpair

CFO Dive

Companies’ reliance on manual, rather than automated, business-to-business fraud prevention measures is providing an opening for scammers, according to Trustpair CEO Baptiste Collot.

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Communicate (The Necessity Of) Fee Increases With A Client-Centric, Value-Based Approach

Nerd's Eye View

Recent years have seen an increase in the number of RIAs charging fixed monthly retainer fees, and while retainer fees can have several advantages over other types of fees, one notable disadvantage – particularly as compared to traditional AUM fees, which tend to increase automatically in line with financial markets – is that financial advisors who use them must proactively raise their fees from time to time in order to keep up with business expenses, invest in new upgrades, and incr

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Prioritizing People in Manufacturing

VCFO

Prioritizing People in Manufacturing – Why it Matters? As the saying goes in manufacturing, “if you don’t have the people, you don’t have the products.” While it’s unlikely that one could find an executive that disagrees with this sentiment, manufacturing entities nonetheless often operate in isolated silos with inadequate communication and interaction between the production units and the corporate team.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Indian Banks earned record profit during FY2021-22, says the Finance Ministry

CFO News

Banks in India reported record profits of Rs 1.82 lakh crore in FY 2021-22, with SCBs and PSBs showing notable improvements in CRAR, asset quality, and provision coverage ratios.

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More Trending

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Adani Group looks to rope in more lenders to refinance $3.8 billion

CFO News

The Adani Group is seeking to refinance $3.8bn of loans taken to acquire cement assets and has reportedly started discussions with "at least" five additional international banks to expand its group of lenders. The majority of Adani's existing lenders, consisting of Barclays, Deutsche Bank and Standard Chartered, are anticipated to participate in the refinancing, with the group due to begin meeting with potential new lenders.

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A House in Dubai: Invest In A Property In One Of The World’s Most Dynamic Cities

Financial Analyst Insider

Dubai is a city with a rich history and an even brighter future. As one of the world’s most dynamic cities, it has become increasingly The post A House in Dubai: Invest In A Property In One Of The World’s Most Dynamic Cities appeared first on Financial Analyst Insider.

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Sebi bars IIFL Securities from taking any new clients for 2 years

CFO News

The regulator alleged that IIFL has not implemented Sebi rules framed in 1993 in its true spirit by 25 years. It has also continuously been found involved in unauthorized use of credit clients' funds for the purpose of meeting the obligations arising out of its proprietary trades and the trades of debit balance clients.

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Creating the Momentum for Your Success | John Rex, Former CFO, Microsoft, NA

CFO Thought Leader

As a new leader, it’s easy to come into a role with preconceived notions about what needs to be done, but it’s crucial to take a step back and listen to those already in the trenches. That’s where conducting a listening tour comes in. By asking stakeholders, business partners, and team members what’s going well and what’s not going well, a new leader can gain valuable insights and identify patterns that can inform their strategy moving forward.

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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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Tata Power lays out a capex of Rs 12000 crore this fiscal

CFO News

The company's total installed power generation capacity across the categories has increased to 14.1 GW. In line with its renewable focus, the company has added 500MW capacity taking the total operational renewable capacity to 3.9GW. With completion of under construction projects of 2.7 GW, the clean and green source-based capacity will be close to 50% of its total installed capacity.

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Unlocking Success: The Crucial Roles of a Nonprofit Financial Advisor

The Charity CFO

If your nonprofit is growing, you have a lot on your plate. But one of the most underrated things you can do to make life easier and improve your future prospects is to work with a nonprofit financial advisor. These skilled professionals combine essential knowledge with a critical understanding of how the needs of nonprofits differ from other organizations.

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Borrowing cost hardens with surge in state bond issuances

CFO News

Since April 1, state governments have raised ₹1.4 lakh crore through the sale of bonds as against ₹84,240 crore in the same period in the previous financial year, the RBI data showed.

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Power BI Version Control is Finally Here

Collectiv

Find yourself stuck in a data jam at work? Managing your data with Power BI is tricky, but at Collectiv, we’re here to help you solve these data problems. In our new show, Data Jams, our data experts are sharing tips and strategies to help you get out of a jam and navigate these challenges with confidence. One of the biggest data jams for many enterprise teams we work with has been a lack of version control in Power BI.

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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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Prime Minister Modi's US visit may boost semiconductor supply chain pact

CFO News

Indian Prime Minister Narendra Modi's visit to the US is expected to boost the Indo-US technology partnership by announcing major developments in the establishment of a new semiconductor supply chain. Meetings with top 20 US companies' CEOs, including Mastercard, Accenture, Adobe, Coca-Cola and Visa, have also been scheduled.

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10 Juneteenth AM Reads

Barry Ritholtz

My Juneteenth morning reads: • As the nation celebrates Juneteenth, it’s time to get rid of these three myths about slavery : Juneteenth has since become known as “America’s Second Independence Day.” Now a federal holiday, it will be celebrated by parades, proclamations, and ceremonies throughout the US. Though it commemorates a moment when enslaved African Americans were freed, the US is still held captive by several myths about slavery and people like Cummins. ( CNN ) • The Shame of the Suburb

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IndiGo orders 500 Airbus A320 family aircraft

CFO News

The purchase agreement was signed on June 19, 2023 at the Paris Air Show 2023 in the presence of V. Sumantran, chairman of the board of IndiGo, Pieter Elbers, CEO of IndiGo, Guillaume Faury, CEO of Airbus, and Christian Scherer, Airbus’ chief commercial officer and head of international.

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Bulwark: Four Tests for America

Barry Ritholtz

Jonathan V. Last is the editor of The Bulwark, and previously was senior writer and digital editor at The Weekly Standard and GOP thought leader, he has become known as one of the founding intellectual authors of the Republican “Never Trump” philosophy. Since 2015, he has published a series of very astute analyses and predictions about the elections.

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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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Securities Appellate Tribunal adjourns ZEEL promoters' plea to June 26

CFO News

On June 12, SEBI passed an interim order barring Subhash Chandra and his son Punit Goenka from holding directorships or managerial positions in a listed company. On June 13, Chandra and Goenka challenged the SEBI interim order before the SAT.

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Vedanta Ltd plans to invest USD 1.7 billion in FY24 on growth projects: Chairman Anil Agarwal

CFO News

Sharing details of the company's projects, Chairman Anil Agarwal said Vedanta is already expanding its aluminium and zinc capacities. "Our oil and gas operations, which account for nearly one-quarter of India's production, is also diversifying its reserves and resources portfolio towards a vision of contributing 50 per cent to India's total Oil and Gas production," he said.

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Sun Life Global Solutions to expand India operation; to add 700 staff by 2025

CFO News

SLGS operates from both India and the Philippines. At present, it has a talent pool of around 3,000, operating from two centres in India. Philippines operations have about 2,000 employees. In line with the growth trajectory, SLGS aims to recruit approximately 1,000 new talent in India and the Philippines in the next two years, SLGS managing director Tarun Sareen said.

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Anil Ambani's Reliance Innoventures admitted for insolvency proceedings

CFO News

Reliance Innoventures, a company owned by Anil Ambani, has been admitted for insolvency proceedings by the national company law tribunal (NCLT) after JC Flowers Asset Reconstruction Company, which took over Yes Bank's bad loan portfolio worth ₹ 48,000 crore in December, claimed that Reliance Innoventures had defaulted on its debts. JC Flowers claimed that Reliance Innoventures defaulted on interest payments worth ₹ 100 crore, however, Reliance Innoventures countered JC Flowers's assertions at NC

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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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Baring EQT, ChrysCap buy HDFC’s Credila for Rs 10,350 cr

CFO News

ET first reported on May 29 that BPEA EQT was set to acquire the education loans business from HDFC group. ET reported that the buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period.

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Lubrizol to invest $150m in India, partner Grasim

CFO News

Lubrizol - a Berkshire Hathaway company - will invest in its additives business, install a 100,000-metric tonne CPVC resin line in partnership with Grasim Industries at its site in Vilayat, and double its compounding capability at its plant in Dahej.

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Rs 2000 notes cleanup: How the demise of the pink notes is set to supercharge India's economy

CFO News

SBI Research in a report analysed and argued how the withdrawal of Rs 2000 banknotes could boost bank deposits, repayment of loans, consumption, RBI's retail digital currency usage, and overall economic growth. Adding to the Rs 2000 banknote deposits, some of the sectors -- Refinery, Oil and Gas, Power, and Chemicals -- which reported improved cash and bank balance, according to the report, are believed to be more active in parking funds with banks.

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Avaya hires Amy O’Keefe as CFO, appoints new CPO, CMO

CFO News

’Keefe serves as CFO with responsibility for the global finance organisation, and joins Avaya With 30 years of experience. O’Keefe most recently served as CFO of WW International, where she played a key role in the company’s rationalisation and realignment strategy.

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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.