Mon.Jun 24, 2024

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AI-Driven Efficiency: The fusion of digital twins, process intelligence and process mining

CFO Dive

To capitalize on the potential of AI in the business world, companies must address the challenge of deriving meaningful insights from their data.

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Generative AI is a game changer

Future CFO

It took me years to be skilled in financial planning and analysis. Not every finance professional can be sharp enough to detect key highlights and provide analysis for the financial statements. The basic concepts I always hold on to when it comes to financial statement analysis are as follows: The financial statements should tell the story of the period.

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Trending Sources

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Closing the risk talent gap: Getting the C-suite on the same page

CFO Dive

Finance, technology and risk executive leaders must be aligned to properly manage complex market, credit and operational risks, Selby Jennings’ Ben Hodzic said.

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Promoting The Financial Advice Industry ‘Sport’ Positively To Build Trust In The Client ‘Fan Base’

Nerd's Eye View

The requirements to run a successful, growing advisory firm are often less about doing the technical work with clients and more about marketing value to get prospects in the door in the first place. Yet, many firms' prospecting strategies have often relied on individual advisors being able to bring business to the firm instead of actively shaping and promoting the firm's own reputation.

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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

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Restatements decline, with small companies more prone to error: CAQ

CFO Dive

The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

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More Trending

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Supreme Court ruling douses repatriation tax refund hopes

CFO Dive

The court affirmed the constitutionality of the one-time Mandatory Repatriation Tax on income from investments in foreign corporations.

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Mastering data management to maximise AI, ML

Future CFO

Taking charge of data is a key factor in making financial planning software artificial intelligence and machine learning ready, according to Gartner, Inc. Although these technological advancements have been no doubt the talk of the town for a while now, finance leaders are still prone to doing some things wrong. Matthew Mowrey , senior director analyst at Gartner, says finance leaders pursuing AI and ML, along with advanced analytics, tend to zero in too much on the distant promise of what techn

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Pigment Software Reviews

The Finance Weekly

An enterprise-grade business planning platform, Pigment was designed to assist businesses in budgeting, forecasting, modeling data, and generating reports to support financial decision-making. Top enterprise companies such as Klarna, Figma, Airtable, PVH, and Webhelp rely on Pigment to help them make confident, informed decisions. This software aims to enable FP&A and revenue teams to improve collaboration and align financial and operational plans, all while scaling reporting and data manag

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Stevens Mwanje: The Crucial Role of CFOs in Shaping Africa’s Business Landscape

CFO Talks

Stevens Mwanje: The Crucial Role of CFOs in Shaping Africa’s Business Landscape Introduction In a recent discussion on the CFO Club podcast, Stevens Mwanje, CFO at the National Security Fund of Uganda, shared invaluable insights into the evolving role of CFOs in today’s dynamic business environment. Hosted by Nicolaas van Wyk, editor for CFO Club and CEO of the Chartered Institute of Business Accountants, this conversation highlighted the transformative journey of modern CFOs in Africa.

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Live Demo - Supercharge your Month End Close

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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Most Valuable Companies in the World

The Finance Weekly

The race for the title of the world's most valuable company was a tumultuous one, primarily involving tech giants Microsoft and NVIDIA. On June 21, 2024, Microsoft regained its position at the top with a market capitalization of $3.342 trillion, followed closely by Apple at $3.181 trillion and NVIDIA Corporation at $3.113 trillion. This shift occurred after NVIDIA, which had briefly held the top spot since June 18, 2024, saw its market value plummet by more than 3%, driven by a massive

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The process of buying a company: the indicative offer

One to One

In the process of buying a company, the indicative offer is very important when setting a price.

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Advanced Manufacturing Venture Capital Report – 2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the “Advanced Manufacturing Venture Capital Report – 2024”. The report is part of the “FCF DeepTech Series”, which is a quarterly series of reports tracking European. Read more The post Advanced Manufacturing Venture Capital Report – 2024 published appeared first on FCF Fox Corporate Finance GmbH.

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GST council refers Par panel recos to cut GST on fertiliser to Group of Ministers

CFO News

Talking to reporters after the 53rd GST council meeting, Keshav said the proposal to reduce the GST rate on fertilisers has been referred to the Group of Ministers (GoM). The issue of further reduction of tax on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and June 2022, though the council did not recommend any change in rates.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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1,011: Balancing Agility and Structure for Strategic Growth | Carol Lee, CFO, LogicMonitor

CFO Thought Leader

Beginning her career as an analyst, Carol Lee honed her technical skills both in pre-revenue start-ups and a multinational corporation with over $10 billion in revenue. These contrasting environments, she tells us, equipped her with a unique perspective on what it takes to be both scrappy and scalable. read more Early in her career, Lee immersed herself in M&A activities, gaining insights from both the buy and sell sides.

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Banks in a GST fix over RBI's directive to levy penal charges

CFO News

The Reserve Bank of India's directive to levy penalties only in the form of 'penal charges' is posing a tax dilemma for banks. Banks fear that the indirect tax on such levies would attract the goods and services tax (GST). The new rule, which came into force from April 1, 2024, was brought in by the central bank to ensure "reasonableness and transparency" in disclosure of penal interest.

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Income tax relief: Budget 2024 may increase standard deduction under new income tax regime

CFO News

Will Budget 2024 increase standard deduction: The Finance Minister in the 2023 Budget included a standard deduction of Rs 50,000 for salaried taxpayers and individuals getting pensions in the new tax regime. This standard deduction was made the automatic choice, unless taxpayers chose not to take it.

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Nearly nine in 10 recruiters use AI for sourcing candidates: Survey

CFO News

India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.

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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.

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Amid outflow fears, RBI reviews LCR by carrying out special audits with banks

CFO News

Recently, the Reserve Bank of India conducted special audits with banks to verify their holdings of eligible securities for maintaining the liquidity coverage ratio (LCR). This action coincides with the central bank's apprehension regarding potential sudden withdrawals via digital banking channels. Introduced post the 2008 global financial crisis, LCR mandates banks to retain specified amounts of government bonds that can be quickly sold to manage a theoretical 30-day stress period featuring sig

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Sebi weighs tighter checks for stocks at F&O entry gate

CFO News

In its June 8 consultation paper, Sebi had sought feedback from market participants for its plan to revise the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.

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Flipkart explored a deal with Swiggy for a pie of quick commerce

CFO News

Eight to ten months ago, discussions about a potential investment by Flipkart in Swiggy, two of India's biggest internet companies in the consumer sector, were underway. This potential alliance was driven by the changing landscape of the market, particularly the rise of quick commerce. However, due to disagreements on valuation, the talks ultimately fell through.

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Prosus writes off its 9.6% stake in India's Byju's

CFO News

BYJUS-INDIA-Prosus writes off its 9.

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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.

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Reliance Capital lenders set out conditions to grant extension to Hindujas

CFO News

Lenders of Reliance Capital, promoted by Anil Ambani, have submitted an affidavit to the bankruptcy court stating conditions for granting a 90-day extension to the winning bidder, a Hinduja Group entity. The extension would require depositing Rs 2,750 crore into a lender's escrow account and paying 12% interest on the Rs 9,660-crore offer. The National Company Law Tribunal is scheduled to consider Hinduja Group's plea for the extension on Tuesday.

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5G auction: All you need to know about Rs 96,000 crore spectrum battle

CFO News

5G auction: India is gearing up for its latest 5G airwaves auction starting Tuesday, valued at over Rs 96,000 crore. Telecom giants like Reliance Jio, Bharti Airtel, and Vodafone Idea will compete for crucial radio frequencies essential for 5G services. The previous auction in August 2022 set a record with the government earning Rs 1.5 lakh crore.

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Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility

CFO News

Domestic auto makers like Maruti Suzuki, Hero MotoCorp, and TVS Motor are seizing the export opportunity in the electric vehicle market. Maruti Suzuki is set to export its first electric SUV to Europe, Hero MotoCorp is launching its VIDA V1 electric scooter in European countries, and TVS Motor is expanding to the European Union with its electric scooter iQube.

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RBI appoints additional director for Bandhan Bank

CFO News

The move is likely to guide the bank in succession planning. Bandhan Bank’s founder MD & CEO Chandra Shekhar Ghosh’s tenure will on July 9 while the bank is yet to appoint its next CEO. Singh is former chief general manager of RBI.

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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.