Mon.Sep 25, 2023

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The data imperative: Conquering predictive and prescriptive analytics

CFO Dive

CFOs play a pivotal role in maturing data analytics, but barriers persist. Learn the keys to transitioning from hindsight to foresight across your organization.

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NFRA says biggest focus is to ensure that auditors do their job properly

CFO News

Chairperson Ajay Bhushan Pandey says auditors’ certification of the true and fair view of the company’s financial statement inspires confidence in all stakeholders including investors both domestic and foreign.

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Trending Sources

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Employers to slow gain in salary budgets to 3.9% in 2024

CFO Dive

The increase in inflation-adjusted wages has steadily declined since June along with many measures of overall price pressures.

Budgeting 286
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50th Anniversary Of The CFP Marks: The Journey, Current State Of CFP Board, And Growing The Financial Planning Profession

Nerd's Eye View

In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. But while some of these salespeople may have certainly been able to provide sound advice, there was really no way at that time for a consumer to know which among the many brokers and agents out there were actually capable of giving true and sound advice that would help them reach their goals.

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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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Navigating the NetSuite ecosystem? A knowledgeable talent specialist is key

CFO Dive

Netsuite is not plug-and-play. It’s a gateway to an evolving ecosystem that requires sustained investment in talent.

More Trending

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Lessons on the importance of process from athletes

CFO Dive

Every process transformation is different, the diligence and dedication will have to be repeated meticulously.

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US will be India's best natural ally for a 100 years: Jamie Dimon, chairman & CEO, JPMorgan

CFO News

JPMorgan chairman and CEO, Jamie Dimon, believes that global financial metrics could worsen before improving. He sees a shift in supply chains from China to India due to resilience reasons, not anger towards China. Dimon highlights the need for fair regulations, transparency, consistency of taxes, and rule of law to attract more businesses to India.

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Small businesses fear revenue hit from looming shutdown: Goldman

CFO Dive

Many executives at smaller companies are worried their firms will be hurt financially if lawmakers don’t reach a spending deal before Oct. 1.

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Dunzo may get $30-35 million lifeline from Reliance, Google, others; more cost cuts on anvil across biz

CFO News

To secure the much-needed cash, Duzo has also proposed a significantly smaller scale of life ahead where it has projected to bring its burn down to $300,000 a month and a team size of just around 200, sources aware of the plans said.

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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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United promotes insider, JPMorgan alum to CFO

CFO Dive

In 2020 Michael Leskinen led a team that raised $6.8 billion in financing — providing the airline financial flexibility during the COVID-19 pandemic.

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India's most valuable firm RIL hits oversold level after six-month gap

CFO News

The company’s shares have been trailing the country’s benchmark gauges this year, gaining only 0.9% year-to-date. A slide since late July was further accelerated amid a consolidation in local shares after the Sensex Index hit its all-time high earlier this month.

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Why EBITDA has such a strong hold on retail

CFO Dive

Is it the 'Wild West' of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.

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Car production hits high gear on high-octane sales; automakers expect record festive demand

CFO News

Carmakers in India, including Maruti Suzuki, Hyundai, and Honda, are increasing production and working longer hours to meet the high demand and clear their order books ahead of the festive season. The industry expects to sell over a million cars this season, surpassing previous years. The festive season accounts for 30-35% of retail auto sales, and companies are fine-tuning production and increasing capacity to meet consumer demand.

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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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Email: An Essential Business Tool, and a Direct Conduit for Thieves

CFO Selections

We’ve all heard about “phishing” – malicious emails. As Microsoft notes below, they’re hugely popular among cyber thieves. They also happen to be hugely lucrative (which is why they’re so popular!).

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RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

CFO News

A penalty of Rs 1.3 crore has been imposed on the State Bank of India for non-compliance with certain directions issued by the RBI on 'Loans and Advances - Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures', RBI said in a statement. In another release, the RBI said a penalty of Rs 1.62 crore has been imposed on Indian Bank for contravention of certain directions on 'Loans and Advances - Statutory and Other Restrictions', KYC, and 'Reserve B

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6 biggest headaches for FP&A teams (and how to fix them)

Cube Software

Time-consuming, manual tasks can significantly slow down FP&A teams. These tasks (e.g., data entry, compiling and consolidating reports, and manual reconciliation) eat into valuable time that could be better spent on strategic thinking and more complex problem-solving.

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Aviation leasing watchdog cuts India's compliance rating amid Go First tussle

CFO News

The move by the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws, comes as bankrupt budget carrier Go First is locked in a legal tussle with aircraft lessors seeking to repossess jets.

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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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Dropping the Hammer on Digital Transformation | Derrek Gafford, CFO, TrueBlue

CFO Thought Leader

Gafford: Well, back in 2019, we did a major implementation of Oracle. I can talk about that in a moment. But back to your question that why that was really defining for us was, I can remember for two or three, actually more years, we would get together and there was just so much complaints about our technology. And, if we were to go back half a dozen years ago, we had 20 separate applications, some on-premise, some cloud.

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Large unlisted companies may be regulated

CFO News

Under the proposed framework, such entities could be mandated to submit quarterly filings of financial statements with the MCA, among others, said the person, who did not wish to be identified. The proposal gained traction after the alleged corporate governance lapses at edtech firm Byju's this year. The person said once the Company Law Committee under MCA secretary Manoj Govil takes a final call on such a regulatory framework, it could classify large unlisted companies based on factors such as

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The underlying risks of AI in financial market stability

Future CFO

The fact that investment tools developed by artificial intelligence share core technology poses underlying risks in the stability of the financial market as a range of these tools may end up being similar as they interconnect, according to a report from the Korea Institute of Finance (KIF). The regulator's report, which is in line with the warnings from U.S.

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Government approves one-year extension to RBI Deputy Governor Rajeshwar Rao

CFO News

M Rajeshwar Rao was appointed as the RBI Deputy Governor in October 2020 for a period of three years Rao was elevated as the RBI executive director in November 2016. An economics graduate and a Master of Business Administration from the University of Cochin, Rao joined the central bank in 1984.

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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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Three areas where applying generative AI pays off

Future CFO

Every payment company has an opportunity to unlock the power of generative AI in three areas of the business, said Safwan Zaheer , managing director of financial services, payment, lending, and fintech at analytics company hundredX. 1. Crush fraud : Through the use of the processing capabilities of generative AI , companies can combat fraud. By detecting elusive patterns and anomalies in vast data sets, generative AI trains itself to identify fraudulent events before they occur.

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India Inc legal spending rises by 21% to Rs 63,807 crore in FY23

CFO News

Legal expenses for India Inc. increased by 20.98% in the last fiscal year, reaching ₹63,807 crore ($7.69 billion), according to data from 3,972 listed companies. The rise in expenses can be attributed to robust deal activities, increased spending on disputes, and higher compliance costs. Legal expenses include litigation and arbitration expenses, professional fees, regulatory filings, penalties, and stamp duty.

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Venture Capital Sentiment Tracker – August 2023

Fox Corporate Finance

August 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – August 2023 appeared first on FCF Fox Corporate Finance GmbH.

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Kishore Biyani moves Bombay High Court against BDO and Bank of India

CFO News

Kishore Biyani, founder of the Future Group, has challenged the forensic audit process and report submitted by accounting firm BDO India LLP and its lender, Bank of India, at the Bombay High Court. Biyani has filed a writ petition against Future Retail, BDO India, and Bank of India. The matter will be heard on September 31. This development comes after Bank of India asked Future Retail and its promoters to respond to a forensic audit report.

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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.