Many CFOs still in early phase of digital transformation: McKinsey
CFO Dive
JULY 23, 2024
Finance teams are grappling with roadblocks such as demanding workloads, a lack of relevant capabilities and insufficient resources.
Tue.Jul 23, 2024
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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift
Global Finance
JULY 23, 2024
The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.
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Judge deals major blow to SEC’s cybersecurity enforcement stance
CFO Dive
JULY 23, 2024
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
What is Net Revenue Retention and How to Calculate It?
The Finance Weekly
JULY 23, 2024
You're a business owner looking to expand your business by encouraging existing customers to spend more on your business. Let’s say you hand them out a loyalty card. Every time they buy something from your store, they rack up points. These points add up throughout the year, rewarding them with tokens from you. This is where Net Revenue Retention (NRR) comes into play.
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says
CFO Dive
JULY 23, 2024
As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.
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‘Friendly fraud’ persists under the radar
CFO Dive
JULY 23, 2024
Fraud committed by customers threatens companies’ bottom lines and often goes unreported, experts say.
What are the 8 new measures announced for MSMEs in Budget 2024?
CFO News
JULY 23, 2024
Union Budget 2024 emphasizes MSME support with innovative measures like new Public Sector Bank credit assessments, increased MUDRA loans, stress-period credit support, a Credit Guarantee Scheme, expanded SIDBI branches among others. The Finance Minister said these initiatives aim to enhance MSMEs' global competitiveness. Notably, MSMEs were also a part of the four major themes in this year’s Budget.
Spotify profit jumps amid ‘early days’ of price increases
CFO Dive
JULY 23, 2024
Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.
The CFO’s role in bridging the value alignment gap
Future CFO
JULY 23, 2024
Chief financial officers at present play a vital role in aligning financial strategy with an organisation’s core values and culture. This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.
Live Demo - Supercharge your Month End Close
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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
Judge deals major blow to SEC’s cybersecurity enforcement stance
CFO Dive
JULY 23, 2024
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
Navigating SBA EIDL Loans for Small Businesses in 2024
CSC Advisors
JULY 23, 2024
Your beloved local business in Florida has just sustained significant damage from a powerful hurricane. The relentless winds and torrential rains battered your premises, flooding the interior and ruining essential equipment. Known for your warm hospitality and essential services, your establishment faces an uncertain future. With repair costs far exceeding your savings, you desperately need financial solutions to rebuild, reopen quickly, and ensure your business thrives after the storm.
The Mentoring Round | Shelagh Glaser, CFO, Synopsys
CFO Thought Leader
JULY 23, 2024
Inside The Mentoring Round , CFO Shelagh Glaser discusses how AI is transforming Synopsys Inc. at multiple levels, from accelerating engineering solutions to enhancing internal operations and forecasting. CFO Glaser also shares insights for new CFOs on how to navigate organizational dynamics in a remote work environment and preparing for market shifts. 1,018: From Complexity to Clarity: Simplifying Business Segments for Investor Insight | Shelagh Glaser, CFO, Synopsys The post The Mentoring Rou
#FASuccess Ep 395: The Rise Of Bank Financing To Fund Independent Advisor Acquisitions And Succession Plans, With Dustin Mangone
Nerd's Eye View
JULY 23, 2024
Welcome back to the 395th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Dustin Mangone. Dustin is the Director of Investment Advisor Services of PPC LOAN, a firm based in The Woodlands, Texas that facilitates conventional bank loans to financial advisors. What's unique about Dustin, though, is how his firm allows financial advisors to tap into bank lending, an historically challenging source of debt capital for the advisory industry, to finance both RIA and in
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Effective Risk Management Strategies for Businesses
CFO Talks
JULY 23, 2024
A s a CFO in today’s dynamic business landscape, you are no stranger to the multifaceted nature of risk. The ability to identify , assess, and manage risks effectively is critical to safeguarding your organization’s financial health and ensuring sustainable growth. For CFOs in Africa, particularly in South Africa, the challenges can be even more pronounced due to unique regional factors.
From credit guarantee to e-commerce export hubs, Budget puts focus on MSME firms
CFO News
JULY 23, 2024
State-owned banks will develop a new credit assessment model for MSMEs, moving away from traditional asset or turnover-based assessments.
Finance Minister announces abolishment of Angel Tax for all investor classes
CFO News
JULY 23, 2024
Having introduced by the government in 2012 to curb money laundering, Angel Tax has finally been abolished. Angel Tax refers to the tax provision under section 56(2)(viib) of the Income Tax Act, 1961, which imposes a tax on any excess premium received by a company from resident investors over the Fair Market Value (FMV) of shares issued.
Budget 2024: Focus on employment, infrastructure, and economic stability, say Experts
CFO News
JULY 23, 2024
The Union Budget 2024 focuses on agricultural productivity, MSME support, capex investments, and skilling to address unemployment, while calling for enhanced FDI policies and improved ease of doing business to ensure inclusive and sustained economic growth. However, experts noted some areas were overlooked: the unchanged nominal GDP at 10.5% seemed conservative, education and health were underfunded, there was a need for a more aggressive approach to Ease of Doing Business, and MNCs' desire for
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
Selling property? Brace for more tax liability as Union Budget takes away indexation benefit
CFO News
JULY 23, 2024
Budget 2024: The new Budget documents indicate that the tax rate for LTCG on property sales will increase to 12.5% without the indexation benefit.
Budget 2024 struck a fine balance, tax changes to spur consumption: Economists
CFO News
JULY 23, 2024
The Union Budget 2024 has been tabled today at the Parliament and mixed reactions across industries have started pouring in. Top economists of India believe that the change in income tax slabs along with the direct benefit transfer to first time workers, is likely to spur consumption, particularly for small ticket items. They also believe that the government’s efforts to reap India’s demographic dividend is visible in its push towards labour intensive production.
Aiming for more overseas investments: Proposal to slash corp tax on foreign cos to 35% will motivate to set up permanent base
CFO News
JULY 23, 2024
India's finance minister has proposed a 35% reduction in the tax rate for foreign companies to attract more investment and boost foreign inflows. The move will benefit overseas companies looking to establish permanent branches and project offices for engineering, procurement, and construction contracts.
Companies applaud Budget 2024 proposal to provide internships for one crore youth
CFO News
JULY 23, 2024
Finance minister Nirmala Sitharaman announced a groundbreaking internship scheme offering one crore youth opportunities in 500 top companies over five years. With a central outlay of Rs 2 lakh crore, interns will gain real-life business experience and receive Rs 5,000 monthly allowance. Experts and companies applaud the initiative for its potential impact on workforce development.
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Same same, but different: Budget 2024 is a 'government bachao' and prudent balancing act
CFO News
JULY 23, 2024
Nirmala Sitharaman's budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard deduction, tourism projects, buyback tax, flood protection, and highlights needed educational improvements.
Budget 2024: Govt’s new scheme to generate 30 lakh manufacturing jobs, step towards ‘Made in India’ vision
CFO News
JULY 23, 2024
Manufacturing Jobs: The scheme aims to encourage substantial hiring of freshers in the manufacturing industry by providing incentives to both employers and employees.
Budget 2024: Centre trims fiscal deficit target for FY25 to 4.9% of GDP, maintains fiscal consolidation
CFO News
JULY 23, 2024
“The fiscal consolidation path announced by me in 2021 has served our economy very well, and we aim to reach a deficit below 4.5 per cent next year,” stated Nirmala Sitharaman while presenting the Union Budget 2024 on Tuesday in Lok Sabha.
Government Sets Nominal GDP Growth Target at 10.5% for FY25
CFO News
JULY 23, 2024
Finance Minister Nirmala Sitharaman sets a robust nominal GDP growth target of 10.5 per cent for FY25, emphasizing India's economic resilience amid global uncertainties and strategic policy effectiveness.
Doing More With Less: The Modern Finance Miracle
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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