Mon.Feb 05, 2024

article thumbnail

Speaking the Love Language of CFOs

CFO Selections

Love is in the air, which got us thinking… what is the love language of a CFO? For those of you not familiar with “love languages” the basic premise is that different people have different personalities, which means they give and receive love in different ways. And while this may sound like it’s only related to romance it certainly doesn’t have to be!

CFO 98
article thumbnail

Fed pivots to considering when to cut main interest rate: Powell

CFO Dive

Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.

Banking 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Latest In Financial #AdvisorTech (February 2024)

Nerd's Eye View

Welcome to the February 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members

article thumbnail

Solo Brands appoints Vitamin Shoppe exec as new CFO

CFO Dive

The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.

article thumbnail

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.

article thumbnail

Retail as a Service

Barry Ritholtz

Back in the bad old days of mainframes, “Time-sharing” was how computing power and database storage were provided to the large corporations that could afford it. Computing was less the purchase of goods than a service. The modern cloud-based era has seen the rise of “Software as a service” (SaaS).1 This approach was based on the idea that it was more cost-effective for the consumer and more efficient (and profitable) for the provider to offer computing operations as services instead of physicall

Retail 73

More Trending

article thumbnail

GST officials detect 14,597 tax evasion cases in Apr-Dec 2023

CFO News

GST officers in India are using data analytic and artificial intelligence tools to identify taxpayers suspected of fake input tax credits. During April-December 2023, 14,597 cases of GST evasion were registered, with Maharashtra having the highest number (2,716). The use of NETRA, BIFA, and ADVAIT tools has helped detect fake ITC cases worth Rs 18,000 crore and arrest 98 fraudsters.

Numbers 59
article thumbnail

Enterprise cloud spend jumped in Q4, nudged upward by AI

CFO Dive

The power balance among AWS, Microsoft and Google Cloud shifted slightly as infrastructure services saw the largest ever quarter-over-quarter market expansion recorded by Synergy Research Group.

Marketing 130
article thumbnail

Aiming high, Achieving higher

CFO News

Sanjay Tolia, Partner at Price Waterhouse & Co. LLP, applauds the Finance Minister's pragmatic approach in maintaining fiscal stability while fostering investment and enhancing taxpayer experience.

Finance 52
article thumbnail

Cost optimisation levers for CFOs

Future CFO

As today's markets shift and financial leaders start to find their cost bases grow faster than assets under management, it is important that chief financial officers must be able to pull the right cost levers. Managing expenses has become a top priority for many institutional asset management boards, chief financial officers and executives, according to KPMG.

article thumbnail

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.

article thumbnail

ED, GST authority flagged several violations by Paytm earlier

CFO News

The ED and DGGI have investigated Paytm for alleged money laundering and illegal betting. The agencies have raised concerns about Indian payment gateways being used for trade-based money laundering, illegal betting, and diversion of funds to crypto wallets. Paytm has faced scrutiny for KYC-related lapses and freezing suspicious accounts.

article thumbnail

AI unlikely to destroy significant numbers of jobs, ACCA says

Future CFO

Artificial intelligence is still on the threshold of business operations transformation, offering potential benefits for operational efficiency, cost savings, and business process optimisation, but it shouldn't be treated as a threat to people's jobs, according to the Association of Chartered Certified Accountants In ACCA's recent and inaugural global economic outlook annual prospects report , the professional accounting body took note of how the excitement about artificial intelligence reached

Numbers 52
article thumbnail

Govt to collect Rs 14,000 crore tax from online gaming: How the GST affects players

CFO News

Taxing the Indian online gaming industry is set to generate a hefty sum of Rs 14,000 crore ($1.7 billion) in goods and services tax (GST) by next year, according to Revenue Secretary Sanjay Malhotra. The government implemented a 28% tax on online betting in October 2023, causing ripples in the $1.5 billion industry backed by global investors. The GST is affecting players who have to pay tax on the full value of their initial in-game currency purchase.

article thumbnail

Why You Should Consider Financing Your Equipment with an Independent Lender

Commercial Credit Group

When it comes to purchasing equipment, many companies usually don’t have the available funds to pay cash, or they don’t want to use their cash to purchase equipment. So, they rely on equipment financing to get the machinery they need.

Finance 52
article thumbnail

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.

article thumbnail

CII Issues guidelines for independent directors

CFO News

Unveiling the guidelines on the appointment of independent directors and the process of board evaluation, aimed at bolstering corporate governance, the industry body also called on companies to view succession planning as a continuing and holistic approach, rather than an episodic event. The CII said the management must provide a detailed report of the key developments to independent directors between two board meetings.

article thumbnail

The Mentoring Round | Sam Kemp, CFO, Built

CFO Thought Leader

Inside The Mentoring Round, CFO Sam Kemp emphasizes the importance of understanding the gap between a business’s formal operating model and the actual, informal ways it functions. Recognizing this gap is crucial for new leaders to gain leverage quickly within an organization or a new division. Looking forward, Sam outlined his top three priorities: ensuring the financial infrastructure supports the company’s scaling stages, engaging in thoughtful capital allocation, and navigating th

CFO 52
article thumbnail

Old is gold, but new-age cos prefer younger CEOs

CFO News

Deloitte India's recent decision to send 35 senior partners above the age of 55 has sparked debates about ageism in India. However, data indicates that below-40 executives often run the show at new-age companies and startups, with large and complex firms relying on battle-hardened corporate veterans who have negotiated multiple business cycles. In NSE-500 companies, a typical Indian CEO today is 57 years old, similar to data on C-suite occupancy for Fortune-500 firms.

article thumbnail

How to put finance business partnering puzzle together?

Fpanda Club

Finance business partnering is not a new concept and has been around for a while. Well, not just for a while, for more than 60 years. “ The success …depends on the extent to which finance men are capable of looking outside finance and playing an active, rather than a passive, role in the business. ” — S. R. Harding, F.C.A., (Royal Dutch/Shell Group), 1963.

Finance 130
article thumbnail

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

article thumbnail

Wall Street snubs China for India in a historic markets shift

CFO News

Investors are paying close attention to the contrasting trajectories of two of Asia’s greatest powers. India, the world’s fastest-growing major economy, has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing. China, on the other hand, is grappling with chronic economic woes and a widening rift with the Western-led order.

article thumbnail

Paytm denies speculations on Jio Financial's acquisition of Paytm Wallet

CFO News

Paytm, in an official release, stated that the news item suggesting such an acquisition is speculative, baseless, and factually incorrect. The clarification from Paytm extends to its associate company, Paytm Payments Bank Limited, as well. According to the release, the payments bank has also not engaged in any negotiations related to the speculated acquisition by Mukesh Ambani.

Banking 52
article thumbnail

RBI allows HDFC Bank to acquire up to 9.5% stake in Yes Bank

CFO News

RBI has granted approval to HDFC Bank for acquiring up to 9.5% stake in Yes Bank. The approval is subject to compliance with relevant regulations. Separately, HDFC Bank reportedly clarified that the approval for acquiring stake in IndusInd Bank applies to the HDFC Bank Group, not HDFC Bank itself.

Banking 52
article thumbnail

ED tapped RBI for more info on FX violations by Paytm Bank users

CFO News

ED sought additional information from the Reserve Bank of India (RBI) on alleged violation of the Foreign Exchange Management Act (Fema) by individuals and companies using Paytm Payments Bank. RBI had informed ED of possible breaches in November 2023. ED wrote back to RBI seeking information on the entities that had violated Fema.

article thumbnail

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.

article thumbnail

Paytm crisis: Startup founders write to FM, RBI Guv seeking review of central bank action

CFO News

The note, signed by startup founders including Policybazaar's Yashish Dahiya, Bharat Matrimony’s Murugavel Janakiraman, Makemytrip’s Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company.

article thumbnail

Fiscal deficit target of 4.5% of GDP by FY26 a challenge: Fitch

CFO News

India's government faces challenges in meeting its fiscal deficit target of 4.5% of GDP in FY26, according to global ratings agency Fitch. The agency predicts a 6.5% growth in the Indian economy in FY25, supported by 11% growth in government capex. The government has set a 5.1% fiscal deficit for FY25, down from 5.8% in FY24. Fitch expects the new government to maintain the fiscal path laid down in the interim budget.

article thumbnail

India expected to grow faster at 6.2% in FY25: OECD

CFO News

The inter-governmental group of 38 high-income economies expects the Indian economy to grow 6.7% in the current year, in line with the International Monetary Fund’s estimate of 6.7% growth but lower than the first advance estimate of 7.3%.

52
article thumbnail

B-school grads left in the lurch as India Inc chases blue-collar workers

CFO News

India Inc is facing an acute shortage of blue-collar workforce amid a sharp drop in interstate migration of workers while its white-collar hiring has slowed down sharply due to global macroeconomic conditions and geopolitical tensions, economists and top company officials said.

52
article thumbnail

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.