Thu.Apr 18, 2024

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Google to restructure finance team ahead of AI push: Reports

CFO Dive

The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.

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New 5-year TIPS gets a real yield of 2.242%, 2nd highest in 15 years

Tips Watch

By David Enna, Tipswatch.com The Treasury’s auction of $23 billion in a new 5-year Treasury Inflation-Protected Security — CUSIP 91282CKL4 — resulted a real yield to maturity of 2.242%, the 2nd highest result for this term since October 2008.

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Trending Sources

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NSA sounds alarm on AI’s cybersecurity risks

CFO Dive

Malicious actors on the hunt for sensitive data or intellectual property may be attracted to attack vectors unique to artificial intelligence, the NSA warned.

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The Impact of Poor Financial Management on Business Growth

CFO Share

Business management is full of decisions that can either propel your business toward success or pitfalls. The importance of small business financial management cannot be overstated. Knowing why businesses fail financially and learning to avoid these errors early is key to maintaining steady business growth. What are the effects of poor financial decisions?

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Live Demo: How to Achieve Reconciliation Zen

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

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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Accounts receivable automator Versapay taps new CFO

CFO Dive

Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.

More Trending

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A five-step approach to sustainability reporting

Future CFO

As the business world slowly but surely pans its focus on sustainability and environment, social, and governance-related measures for the betterment of their organisations, KPMG brings in its five-step approach designed to empower organisations in their implementation of ESG reporting. From understanding climate vision and analytics priorities to implementing data quality management for audit-ready ESG reports.

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Exclusive: Flipkart’s talks to buy majority stake in Zepto falter; quick commerce startup opts for financial investors

CFO News

The strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely $2.5 billion valuation. It has held talks with the likes of General Atlantic, ADIA, among others.

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FCF Automotive Supplier Market Study – 2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF AUTOMOTIVE SUPPLIER MARKET STUDY – 04/2024”. Based on available data from European automotive suppliers, the FCF AUTOMOTIVE SUPPLIER MARKET STUDY is a detailed. Read more The post FCF Automotive Supplier Market Study – 2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Amid cost conservation focus, startups keep tighter rein on top rung hikes during appraisals

CFO News

Startups and ecommerce companies are focusing on profitability and cost conservation, with some holding back pay raises for senior staff during appraisals. Some founders are forgoing hikes on their own, while others are forgoing them. Sandeep Murthy, partner at VC fund Lightbox Ventures, suggests that the main goal is to create a stakeholder advantage.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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5 Challenges Nonprofits Face in 2024

The Charity CFO

It’s no secret that running a nonprofit isn’t always easy, especially if you don’t know what challenges await you in the coming months. Luckily, we’ve put together a list of the five most common challenges for nonprofits in 2024. These challenges include financial issues, data security compliance, and talent retention problems. Let’s look closer at the challenges nonprofits will face in 2024–and how to solve them!

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Godrej split: Board exits done, stake divestment to follow

CFO News

The amicable separation is between two branches of the founding family with Adi Godrej and brother Nadir Godrej on one side and their cousins Jamshyd Godrej and Smita Godrej Crishna on the other. The latter two are brother and sister.

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ISCA launches accelerated pathway programme for accountancy students

Future CFO

The Institute of Singapore Chartered Accountants (ISCA) launched an Accelerated Pathway Programme (APP) for accountancy degree students to become a Chartered Accountant of Singapore [CA (Singapore)] through a fast-track route. According to a press release, the APP will be available for two years, starting from April 2024, and eligible students can take the Singapore CA Qualification (SCAQ) professional programme module exams while studying for accountancy programmes at the universities.

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Promoters hike stake in over 200 companies on brighter prospects

CFO News

For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022. Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Kitces & Carl Ep 136: Should Internal Succession Plans Provide A G2 Discount For Lack Of Affordability?

Nerd's Eye View

For over a decade, the financial advice industry has been bracing for an "any-minute-now" tsunami of advisor retirements and concomitant sales of financial planning practices. Although that wave has yet to materialize (as many advisors may find that they'd prefer to stay engaged and earn well past the 'traditional' retirement age), the fact remains that, at some point, many aging advisors will have the opportunity to capture the enterprise value that they've spent their careers building.

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Tesla's Musk likely to unveil USD 2-USD 3 bn India investment during visit, sources say

CFO News

India's EV market is small but growing and dominated by local carmaker Tata Motors. EVs made up just 2% of total car sales in 2023, but the government is targeting 30% of new cars to be EVs starting 2030.

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The Mentoring Round | Udit Tibrewal, CFO, Anomali

CFO Thought Leader

Inside The Mentoring Round, Anomali CFO Udit Tibrewal highlights the importance of using data to uncover underlying issues rather than relying on opinions, which can be subjective and potentially misleading. CFO Tibrewal uses an earlier career chapter to explain how flashy marketing campaigns were not translating into customer engagement or lead generation because they lacked a customer focus.

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Bombay HC temporarily restrains Cognizant from using trademark logo identical to Atyati Tech

CFO News

Before the court passed its order, Atyati Technologies argued that last year in October, the company was surprised to learn that the defendant (Cognizant Technology) was offering almost identical services relating to IT infrastructure, etc.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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AIGF estimates USD 2.5 bn GST loss from offshore illegal, betting firms

CFO News

AIGF's Roland Landers urges swift action against offshore illegal betting, causing a USD 2.5 billion annual loss. Concerns include user harm, lack of GST, IPL ads. Urges prompt SRO implementation for distinguishing legitimate platforms.

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Sebi comes out with standard format for AIF PPM audit report

CFO News

Sebi issues a standard reporting format for AIF PPM audit reports to enhance compliance uniformity and ease. Learn about the requirements, submission process, and review mechanisms in this article.

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Deepak Parekh steps down as HDFC Life Insurance's chairman, Keki Mistry to take leadership role in board

CFO News

Mistry has been associated with the company since December 2000 and is currently acting as Non-Executive Director. He is a qualified Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India. Mistry was the Vice Chairman & CEO of Housing Development Finance Corporation (HDFC) Limited.

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Numax Realcom to invest Rs 1,000 crore in developing a township in Muzaffarnagar

CFO News

Numax Realcon Consortium, a Delhi-based real estate developer, is set to invest Rs 1,000 crore in developing an integrated township in Muzaffarnagar, Uttar Pradesh. The project has received approval from the Muzaffarnagar Development Authority, allowing the construction of various facilities such as plots, villas, commercial complexes, schools, and police stations.

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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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Kotak Mutual Fund files draft document with Sebi for special opportunities fund

CFO News

The minimum application amount for lumpsum, SIP, and additional purchase investments will be Rs 100, and any amount thereafter. The minimum redemption amount for all plans will be Rs 1,000 or 100 units or account balance, whichever is lower.

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India’s policies subject to whims & fancies? Raghuram Rajan, Surjit Bhalla weigh in on why foreign investment is down

CFO News

India's status as the fastest-growing major economy is undermined by inconsistent policies, hindering foreign investment flow, according to economists Raghuram Rajan and Surjit Bhalla. Despite recent attraction to global investors, policy uncertainty, high taxes, and erratic tariff changes deter sustained investment. Rajan emphasizes the need for predictability and ease of doing business.

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Adani family infuses Rs 8,339 cr more in Ambuja Cements, raises stake to 70.3%

CFO News

The Adani family has fully subscribed to Ambuja Cements' warrants program, infusing an additional Rs 8,339 crore to raise their stake by 3.6%. The total amount infused now stands at Rs 20,000 crore, with their total stake in the cement company at 70.3%. The investment aims to achieve a capacity of 140 million tonnes per annum by 2028 and enable strategic initiatives such as debottlenecking capex and enhancing operational performance.

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ESG consulting startup Uniqus raises $10 million in funding led by Nexus VP

CFO News

Uniqus Consultech raised $10M Series B funding, expanding to 8 cities with 350 professionals. Funding to enhance services, enter new markets, and invest in technology. ESG market growth drives firms towards sustainability and governance focus for client value.

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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.