Thu.May 23, 2024

article thumbnail

3 ESG lessons CFOs can learn from SOX compliance

CFO Dive

ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.

article thumbnail

Keys to Revenue Accounting and Compliance for Professional Services Companies

Bramasol

Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. In this new Insights post, we take a look at the management, revenue accounting, and compliance issues for Professional Services companies.

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

Spotify vet tapped for VF Corp.’s CFO chair

CFO Dive

The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.

article thumbnail

10-year TIPS reopening auction gets real yield of 2.184%, highest since 2009

Tips Watch

By David Enna, Tipswatch.com Today’s 10-year reopening of CUSIP 91282CJY8 — a 9-year, 8-month Treasury Inflation-Protected Security — generated a surprisingly high real yield to maturity of 2.184%, the highest for this term at auction since January 2009.

article thumbnail

How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

article thumbnail

Ralph Lauren revenue up slightly, CFO exits

CFO Dive

The company said Q4 and fiscal 2024 were ahead year-over-year, but predicted upcoming declines and announced the departure of Jane Nielsen after eight years.

CFO 130

More Trending

article thumbnail

Wolters Kluwer launches AI-powered platform for Finance

Future CFO

Information services company Wolters Kluwer launched its AI-powered CCH® Tagetik Intelligent Platform , designed to digitally transform the efficiency, accuracy, and strategic ability of the office of the chief financial officer. According to a press release, the state-of-the-art AI functionality in CCH® Tagetik Intelligent Platform empowers finance professionals to democratise access to meaningful financial data, manage and control massive datasets with unprecedented speed and automation, unlo

Finance 52
article thumbnail

A new trade war offers no easy way back for old global order

CFO News

The US-China trade war has intensified with the use of tariffs and subsidies, impacting Europe and China. US Treasury Secretary Janet Yellen has warned of global business risks.

article thumbnail

The Future is Fractional: The Growth of Fractional CFOs in SMBs

Focus CFO

FocusCFO's Michael Stier is on the Gross Profit Podcast , sitting down with host James Kennedy to dive deep into the world of fractional CFOs. They explore the rapid growth of fractional CFO services, the benefits they bring to businesses, and how FocusCFO stands out in the growing fractional executive industry.

CFO 52
article thumbnail

Defence Ministry points gun at Godrej's housing project with revenue potential of Rs 7,000 crore in Mumbai

CFO News

The Defence Ministry has raised objections to a residential project undertaken by Godrej Properties in Mumbai, demanding the suspension of work on the venture. With an estimated revenue potential of Rs 7,000 crore, the project, known as Godrej Reserve, has encountered opposition due to its proximity to the Central Ordnance Depot (COD) complex in Kandivali.

52
article thumbnail

Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

article thumbnail

A Modern Nonprofit Podcast: What It Takes to be an Abundant Leader

The Charity CFO

There isn’t much that Trina Ramsey can’t do. We welcome her and her many talents to the podcast today and are excited to talk about all things leadership. Trina is an Executive and Career coach, author, speaker, and non-profit consultant. She is the founder of Just Do You Institute for Women’s Empowerment. Scarcity vs Abundance When it comes to leading an organization, there are an endless number of variables to consider.

article thumbnail

GST relief for foreign airlines in the offing

CFO News

India may exempt GST on services between foreign airline operators' head offices and local entities. The fitment committee is reviewing for a final tax exemption decision, considering maintenance services, rental costs, and hotel accommodation.

52
article thumbnail

How Outsourced CFOs Help Small Businesses Avoid Financial Crisis

CFO Share

In the volatile world of small business financial management, staying afloat amidst economic fluctuations can feel like sailing into a perfect storm. In uncertain times, financial expertise isn’t a luxury – it’s a necessity for survival. Like adding a navigator to your crew, a Fractional CFO or an Outsourced CFO guides you with crucial information, offering a route to financial stability.

CFO 52
article thumbnail

GST monthly collection target of Rs 2 lakh crore could be a reality in FY 2025-26, says tax expert

CFO News

GST collections could reach Rs 2 lakh crore monthly by FY 2025-26, says tax expert Rajat Mohan, outlining key strategies like enhancing compliance, establishing a GST tribunal, digitalising assessments, and standardising audits.

article thumbnail

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

article thumbnail

What Does a NonProfit CFO Do?

Focus CFO

There is a common thread uniting all CFO roles, despite industry-specific differences. But when talking about what a CFO for a nonprofit does, there are unique elements to understand.

article thumbnail

Tata Power seeks up to $1 billion loan for clean energy projects

CFO News

The unit of Tata Group, one of India’s largest conglomerates, is in talks with lenders including State Bank of India, IndusInd Bank, Axis Bank and ICICI Bank for the loan, people familiar with the matter said, asking not to be identified as the information is private.

Banking 40
article thumbnail

Employee Spotlight: Arvin Wang

FISPAN

In this month’s employee spotlight, we’re getting to know Arvin Wang, our Corporate Development and Strategy Analyst. As part of the Finance division, Arvin ingeniously navigates financial data to bolster business growth and serves as an internal consultant, utilizing data and metrics to enhance overall operations and strategic execution. Arvin earned his degree in Business from The University of British Columbia, majoring in Marketing with a specialization in Business Analytics.

article thumbnail

Local pharma companies queue up for JB Chemicals & Pharmaceuticals

CFO News

Mankind Pharma, Dr Reddy's Laboratories, and Torrent Pharma are interested in acquiring JB Chemicals & Pharmaceuticals from KKR. KKR's investment arm, TAU Investment, owns 53.78% in JB Chemicals, worth Rs 14,020 crore. The company's revenue doubled to Rs 3,484 crore in FY24 under KKR's ownership. JB Chemicals has made four acquisitions in the last four years, investing $200 million.

article thumbnail

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.

article thumbnail

The Mentoring Round | Joan Hilson, CFO, Signet Jewelers

CFO Thought Leader

Inside The Mentoring Round, CFO Joan Hilson emphasizes the importance of a purpose-based corporate culture at Signet Jewelers, which focuses on inspiring love for people, the planet, and communities. This culture is measured through engagement surveys and has shown improvement, reflecting the company’s commitment to these values. As a book selection, CFO Hilson recommends the Alice Network, a historical fiction novel that highlights the unexpected and significant contributions of women in

CFO 52
article thumbnail

FMCG giants pivot to premium: Nestle & ITC lead with innovative strategies

CFO News

FMCG giants like Nestle India and ITC are adopting innovative strategies to tap into the growing demand for premium products. Nestle plans to hire tasters and connoisseurs for its super-premium Nespresso coffee and boutiques, while ITC is leveraging AI and ML to predict demand and recommend products for its premium portfolio, including Fabelle chocolates and skincare.

article thumbnail

10 Steps to How We Got Here

Barry Ritholtz

Nothing truly occurs in a vacuum. All events have preceding factors, with many prior elements bubbling below the surface, most of which you didn’t even know existed. Unintended consequences of this action here will result in over there. If the flapping of a Butterfly’s wings can be felt halfway around the world, imagine the impact of the largest central bank intervention and emergency government fiscal program in the modern era.

article thumbnail

India's employment data: PM Modi's naukri numbers appraisal spars with Congress in election fray

CFO News

Narendra Modi: India is in the final stages of a significant election campaign, with a focus on job discussions taking precedence. The ruling BJP, led by Prime Minister Narendra Modi, highlights positive employment indicators. However, the opposition, particularly Congress leader P. Chidambaram, challenged these claims and demanded transparency on job creation data.

Numbers 40
article thumbnail

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.

article thumbnail

Financial Times report against Adani Group is just for noise: Cantor Fitzgerald

CFO News

Cantor Fitzgerald dismisses recent Financial Times report on Adani Group as market noise, indicating investors' confidence remains intact. Adani Enterprises' shares surged 8.2% following the allegations, marking a tenth consecutive day of market capitalization gains. Adani Group refuted the accusations, citing contractual obligations and rigorous testing processes, while Cantor highlighted discrepancies in the FT report's sources and noted India's growth trajectory as favorable for Adani Enterpr

article thumbnail

PE/VC investments drop by 35% in April at $4.4 bn

CFO News

In April, private equity and venture capital investments dropped by 35% to USD 4.4 billion compared to USD 6.8 billion in the previous year, as per a report by EY and IVCA. Despite this decline, the number of deals rose by 56%, totaling 98. The caution among investors is attributed to global uncertainties and ongoing Indian general elections. Large deals above USD 100 million decreased by 48% to USD 3.1 billion across nine deals.

article thumbnail

Morgan Stanley executive chairman James Gorman will step down at year end

CFO News

The former CEO spent 14 years at the helm and is credited with transforming the bank into a wealth management powerhouse. He also orchestrated a succession plan in which Ted Pick took the reins at the same time as retaining the two other CEO candidates, executives Andy Saperstein and Dan Simkowitz, a rarity on Wall Street.

article thumbnail

Steep H-1B fee hike to burn a big hole in IT companies pockets

CFO News

The steep hike in US H-1B visa fees could spell bad news for Indian IT service providers and dent their pockets significantly, experts and industry insiders have warned.

40
article thumbnail

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.