Thu.Aug 10, 2023

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Data privacy startup Osano secures $25M funding boost

CFO Dive

The company is looking to beef up some of its key teams amid growing business demand for tools to keep pace with constantly evolving data privacy requirements.

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213: Clive Chitungo: “It’s always me versus me.”

CFO Talks

Clive Chitungo: “It's always me versus me.” Written by: Leigh Schaller Clive Chitungo, national operations reporting manager of Komatsu South Africa, shared with the CFOClub Podcast his journey marked by resilience and self-accountability. Clive Chitungo is the national operations reporting manager of Komatsu South Africa. The company supplies equipment to the mining and construction sector and employs over 1400 people.

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Trending Sources

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Pot firm says ex-CFO wrongly racked up over $350K in personal charges

CFO Dive

Trulieve revealed its investigation's findings as the cannabis industry struggles with high taxes, competition from illegal sellers and falling prices.

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Startup funding winter to end in 6-12 months as the number of registered startups increases: Redseer

CFO News

Redseer reports a 9X growth in registered startups in the Indian startup ecosystem over the past four years whereas funding spring is expected to return in the next 6-12 months.

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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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Inflation cools, validating slowdown in Fed rate hikes

CFO Dive

Although gains in the prices of many goods and services slowed in July, shelter and fuel costs rose at rates that may limit disinflation in coming months.

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More Trending

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How Dzunani Makgopa overcomes imposter syndrome

CFO Talks

Written by Staff Writer Dzunani Makgopa, head of finance at the Independent Power Producer, shares advice on overcoming imposter syndrome. The glass ceiling for women CFOs remains stubbornly in place. As previously reported in CFOClub, only 22 percent of CFOs in JSE-listed companies are women. The median pay gap compared to male CFOs on the JSE is 32 percent.

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CFOs see borrowing costs going up slightly, wary of a hawkish stance

CFO News

​Leaders contended that stability is a desirable move for their planning but were cautious that the hike in incremental Cash Reserve Ratio would push up borrowing rates. They also wished that the RBI gave more impetus to growth rather than impose a hawkish monetary policy.

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Core or 16% Trimmed-Mean CPI?

Barry Ritholtz

A quick note on today’s BLS report on the Consumer Price Index (CPI), which rose 0.2% in July on a seasonally adjusted basis, Over the last 12 months, the CPI has increased 3.2%. Once again, the biggest part of the gains was for shelter. As I have noted before, the entity primarily responsible for rising home prices higher is the Fed. There are numerous ways to measure price increases, and I wanted to highlight a specific approach the BLS occasionally references: “The 16% trimmed-mea

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Castrol India may hike prices; capex to increase by 50% to even double in next 3-4 years: CFO

CFO News

If the outlook for crude oil, a big input cost for the company, along with the base oil additives, changes in the next three to four months, there may be a price increase, says Deepesh Baxi, CFO & Wholetime Director of Castrol India.

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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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Kitces & Carl Ep 118: (Re-)Building Your Financial Advisor Identity When You Dial Back Working With Clients

Nerd's Eye View

Financial advisors who have established and successfully built up their advisory firms over several years can often go through many stages of firm development, requiring them to hire staff and additional advisors to manage their growing clientele. When a firm becomes large enough, though, the firm owner may be compelled to consider stepping away from their long-standing work as a client-facing financial advisor into a more pronounced business leadership role to manage the growing business.

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RBI says final ECL norms will take more time to kick in, “technical issues” under examination

CFO News

ECL Guidelines: The ECL framework is envisaged under the new Indian accounting standards or Ind-As, which are expected to be adopted by banks in the next two years.

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U.S. inflation rose 0.2% in July; what does it mean for I Bonds, TIPS and Social Security COLA?

Tips Watch

By David Enna, Tipswatch.com Markets got fairly positive news today with the release of the July inflation report: The Consumer Price Index for All Urban Consumers rose 0.2% on a seasonally adjusted basis, the Bureau of Labor Statistics reported.

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After laptops, cameras and printers could also face import curbs

CFO News

Separately, the government is also said to be reviewing other high-import products such as urea, antibiotics, turbo-jets, lithium-ion accumulators, refined copper, machines and mechanical appliances, solar and photovoltaic cells, aluminium scrap, sunflower seed oil, and cashew nuts.

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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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Expatriate packages: Hong Kong re-enters top five locations 

Future CFO

When it comes to the highest expatriate packages, Hong Kong re-entered the top five global locations in 2022 — up three places to the fifth most expensive expat pay and benefits — despite a 2% drop compared to 2021, said ECA International recently. The total value of a typical expat package now amounts to US$278020 (HK$2181627) with the cost of salary and benefits dropping by US$2400 and US$1600 respectively, ECA noted.

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Air India flies in 'Vista' in brand makeover

CFO News

Air India has revealed a new logo and livery that symbolises a new era for the company. Titled “The Vista,” the logo is inspired by the gold framing on the historic wide-body planes. The colours of the new livery include deep red, aubergine and gold highlights as well as a chakra pattern. Tata Sons purchased Air India from government ownership roughly 18 months prior.

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Achieving Creative Collaboration Via Finance | CFO Jim Caci of AvePoint 

CFO Thought Leader

CFO GUEST: Jim Caci of Ave Point 923: From Inside a Remote Address | Jim Caci, CFO, AvePoint MADE POSSIBLE BY LEDGE | Ledge is a command center for payments built for finance teams operating at scale. Ledge empowers finance teams with tools to centralize their payments data, get a real-time payments snapshot, automate multi-way reconciliation, identify problem transactions, accelerate their investigations, and dramatically lower the risk of losses, all without any engineering support.

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Income Tax Dept seeks more time for international cases

CFO News

The Indian tax office has requested that hearings related to contentious transfer pricing and international taxation cases be adjourned until a ruling is given by the Supreme Court. If the top court upholds a ruling by either the Bombay High Court or earlier Chennai High Court order, a number of tax matters currently before the Dispute Resolution Panel would become time-barred under tax law, meaning the tax office would be unable to recover any tax from these claims.

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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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213: Clive Chitungo: “It’s always me versus me.”

CFO Talks

Clive Chitungo: “It's always me versus me.” Written by: Leigh Schaller Clive Chitungo, national operations reporting manager of Komatsu South Africa, shared with the CFOClub Podcast his journey marked by resilience and self-accountability. Clive Chitungo is the national operations reporting manager of Komatsu South Africa. The company supplies equipment to the mining and construction sector and employs over 1400 people.

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NCLT allows Zee’s application of merger with Sony

CFO News

The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). The bench in its oral order allowed the application for the merger.

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Interpreting the Income Statement – a Quick Guide

CFO Share

Small business owners do not have time to deeply dissect financial statements. Luckily, interpreting the income statement requires just a simple analysis of its key elements: Revenue, COGS, Opex, and Income. Here’s a breakdown of the elements and some questions to consider for analysis: Interpreting Revenue The revenue section of the income statement shows the company’s ability to monetize its customers.

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FMCG volume growth highest in 8 quarters at 7.5% in April-June quarter; value growth of 12.2%: NielsenIQ

CFO News

By value, the industry grew 12.2% in the quarter, 1.3% higher than the same period last year, driven by higher consumption growth, the researcher said. This growth comes two years after the industry, impacted by high inflation, had seen price-led growth for more than two years.

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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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The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. It's advisable to thoroughly evaluate your options, possibly through demos or trial periods, and consult with stakeholders to ensure the chosen solution aligns with your organization's needs and goals.

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US inflation in July cooler than expected, Dow jumps

CFO News

The inflation figure the government reported Thursday showed that consumer prices increased 3.2% from a year earlier. That was up from a 3% annual rise in June, which was the lowest rate in more than two years. The July inflation figure remained far below last year's peak of 9.1%, though still above the Federal Reserve's 2% target.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • “Room-temperature superconductor” would be a huge deal : The superconductor frenzy, explained. ( Vox ) • Why Do Forecasters Disagree about Their Monetary Policy Expectations? While forecasters generally disagree about the expected path of monetary policy, the level of disagreement as measured in the New York Fed’s Survey of Primary Dealers (SPD) has increased substantially since 2022.

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India stays optimistic about growth: Finance minister Nirmala Sitharaman

CFO News

She pledged more steps to boost supplies of essential commodities like pulses, tomato and onion to curb food inflation on top measures already taken by the government. Her comments came on a day when the Reserve Bank of India (RBI) raised retail inflation forecast for FY24 by 30 basis points to 5.4%.

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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.