Tue.Sep 26, 2023

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Runaway cloud spending frustrates finance execs: Vertice

CFO Dive

Finance leaders are almost three times as likely to be concerned about cloud costs than their tech peers, and more than twice as likely to be worried about cloud visibility, a Vertice study found.

Finance 295
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NFRA has powers to check past audits: Ex-chief Rangachari Sridharan

CFO News

There is no option available to an alleged violator to choose a forum other than the one notified under the law as possessing the jurisdiction, he tells ETCFO.

Auditing 119
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Half of digital transformation investments fail: KPMG

CFO Dive

Success requires collaboration among key stakeholders, including the CFO, who can help ensure a “clear line of sight” toward achieving a return on investment, says KPMG’s Atif Zaim.

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National Logistics Policy enhanced India's global competitiveness, believe CFOs

CFO News

A year after the National Logistics Policy (NLP) was launched on 17 September, 2022 by Prime Minister Narendra Modi, its impact can be witnessed on India Inc and economy. ETCFO tries to capture the reaction of top finance veterans on this reform.

Finance 105
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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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FASB sparks debate with proposed expense rule

CFO Dive

The change would provide a remedy for income statements that are often a “hodge-podge” of data that is difficult to interpret, FASB Chair Richard Jones said.

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75% of companies unprepared for coming ESG audits: KPMG

CFO Dive

As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

Auditing 281
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Here Comes the Shutdown

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►The ‘flation – 75% probability of a shutdown. ►Risks to the Economy – “A year of surprisingly strong growth is about to be tested by a strike, the possibility of a government shutdown, student loans.

Finance 64
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Envestnet taps Blackrock, Treasury alum for CFO

CFO Dive

Joshua Warren will take on the CFO seat as the company deals with continued headwinds in the wealth management sector.

CFO 246
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Clips From Today’s Halftime Report

The Reformed Broker

The NFL is not spending enough time developing leadership: Former NFL GM Michael Lombardi from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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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GTT self-reported accounting inaccuracies, earning penalty-free settlement with SEC

CFO Dive

The company kept investigators apprised of its efforts to resolve account discrepancies stemming from integration problems after it acquired several companies, the agency says.

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937: Driving Decisions That Have Conviction | Neha Krishnamohan, CFO, Kinnate Biopharma

CFO Thought Leader

Roughly 20 years ago, Neha Krishnamohan arrived as a college freshman on Duke University’s Durham, N.C., campus, intent on pursuing a career that would someday grant her the agency to develop a product or therapy capable of solving a healthcare problem. Having grown up among family members with different careers in the medical field, Krishnamohan had inherited a deep interest in medicine—although she felt that her tendency to want to be more “hands-on” might make engineering a more suitable fiel

CFO 52
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Shoe Carnival CFO exits after 5 months

CFO Dive

Patrick Edwards was named the company's new chief financial officer — the third person to serve in the role this year.

CFO 130
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ADIA looks to put $600 million into RIL's retail business

CFO News

Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance Retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2% stake in RRVL, alongside other investors such as KKR and Qatar.

Retail 52
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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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Treasury professionals: The hardest-to-manage risks

Future CFO

Treasury professionals see macroeconomic risk as one of the hardest to manage. According to Association For Financial Professionals’ 2023 AFP Risk Survey, 43% of treasury professionals consider macroeconomic risk —the pace of GDP growth, inflation and interest rates —to be one of the most challenging risks to manage. This figure is up 24 percentage points from 2021 when only 19% cited macroeconomic risk, as the most challenging risk to manage, AFP pointed out.

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ETtech Exclusive: Byju’s new India CEO Arjun Mohan to cut more than 4,500 jobs

CFO News

Mohan, in his second stint at Byju’s after heading edtech rival UpGrad’s India business, has briefed senior company executives that he will be merging several business verticals as part of the changes that are expected to be rolled out later this week or early next week.

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Formula-free accounting: FP&A on easy mode

Centage

At the lightning pace of business today, it’s common to move fast and break things. Too often, the things that get broken are Excel formulas that touch many aspects of your business’ budget and financial planning. One formula error can mean a day wasted trying to find and fix the problem. Centage’s Planning Maestro empowers finance professionals to build driver-based budgets effortlessly, eliminating the need for programming and formulas.

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DGFT opens registration of companies seeking to import IT hardware

CFO News

This follows a decision taken by the government that there won’t be any licensing or quota for companies to import products, at least till September next year. Representatives from the IT hardware industry along with officials from the ministry of electronics and IT (Meity) attended a meeting with DGFT on September 25 to discuss the registration process.

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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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Adopting A Data-Driven Lens | Michelle Hook, CFO, Portillo’s

CFO Thought Leader

936: Where the Puck Is Headed | Michelle Hook, CFO, Portillo’s MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

CFO 52
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Adani promoters recycled capital within portfolio: Group

CFO News

"So, for instance, when the promoters dilute 8% in power, where does it go? For argument's sake, let's say it has gone into airports, data centres and hydrogen businesses, (AEL).

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Transforming finance: AI’s role in smarter business decisions

Future CFO

Gartner dives deep into the role of artificial intelligence in making crucial business decisions. Mark McDonald , senior director analyst of finance at Gartner, believes generative artificial intelligence is a good example of where things are going as it is used to get advice, to help formulate opinions, to do jobs, and to help get to answers quicker, but he emphasised that it doesn't do their jobs for them.

Finance 52
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This festive season, bigger e-commerce sales set to light up volumes

CFO News

Ecommerce platforms in India, including Flipkart, Amazon India, Jiomart, Ajio, and Tata Neu, are set to offer steep discounts of up to 60% during the upcoming festive season sales. The companies have allocated a higher budget for online promotions this year, leveraging lower input costs.

Sales 52
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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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KPMG survey: digital leaders believe technology brings productivity gains

Future CFO

Digital leaders are confident that embracing technology across various areas of business is bringing productivity gains, according to a latest survey by KPMG. The KPMG Global Tech Report 2023 found that advancement in technology is not being slowed by the uncertainties in the economy. Among the key findings of the report are: ESG has become the priority for innovation, with advancing commitments in the area serving as the top innovation goal for technology over the coming two years. the number o

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Next GST council meeting on October 7

CFO News

The agenda for the meeting is still being worked upon and will be finalised by the end of this week, officials said. "The 52nd meeting of the GST Council will be held on 7th October, 2023 at Vigyan Bhawan , New Delhi," the central Board of Indirect Taxes and Customs said in a post on X.

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FCF Biotech Venture Capital Monitor – USA 08/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 08/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 08/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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GST Council to take up recast of Group of Ministers (GoM) on rate rationalisation

CFO News

The Goods and Services Tax (GST) Council will meet on October 7 to discuss the reconstitution of the group of ministers on rate rationalization and review the progress made by states in incorporating changes related to the taxation of online gaming in their GST laws. Last month, amendments were made to the Central GST and Integrated GST laws to clarify the 28% levy on bets in online gaming, casinos, and horse race clubs.

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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.