Fri.May 10, 2024

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7 Traits of the World’s Best Finance Teams

Creative CFP

Building the world’s best finance team for high-growth SMEs means bringing together a group of professionals who are more than just number crunchers. These team members need to be the next generation of finance superheroes. At CCFO, we’re on a mission to build the world’s best finance team for SMEs. We asked our team of finance professionals to vote for the most important characteristics required for building a great finance team.

Finance 52
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FASB crafts workarounds to proposed expense rule’s pain points

CFO Dive

On the heels of new crypto accounting rules, the FASB’s proposed expense standards also represent a big change for many public company report preparers.

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Trending Sources

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Automate Financial Processes Quickly by Rediscovering SAP ERP

Navigator SAP

As a business grows, the need for financial automation becomes clear. However, emerging companies also usually have the least amount of time for setting up backend systems that enable this financial automation. That’s where SAP’s powerful but reimagined ERP solution comes into the conversation, SAP S/4HANA Cloud Public Edition. Startups and growing businesses often are exhilarating places to work, but they aren’t where you go for more free time.

SAP 247
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Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer

CFO Dive

The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Argentina: Breathing Space?

Global Finance

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. For the better part of 30 years, Argentina has been making economic headlines for the wrong reasons. Its persistent and serious economic and social crisis led the country to default on its international sovereign debt in 2001, 2014 and, most recently, 2020.

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Weekend Reading For Financial Planners (May 11-12)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that the Department of Labor's (DoL's) new Retirement Security Rule (aka Fiduciary Rule 2.0) could save retirement plan participants $55 billion over the next 10 years (due to an expectation of more low-cost fees being offered in plans) and those rolling over workplace plans into IRAs to purchase annuities another $32.5 bill

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MiB: Jim O’Shaughnessy, O’Shaughnessy Ventures

Barry Ritholtz

This week, we speak with Jim O’Shaughnessy, founder and CEO of O’Shaughnessy Ventures. He is also chairman of the board at Stability AI. He is the host of the Infinite Loops podcast and the author of How to Retire Rich , Invest Like the Best , and Predicting the Markets of Tomorrow. We discuss how the book What Works on Wall Street set the tone for his entire career as a quant.

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The Changing Face Of FDI

Global Finance

After years of lackluster growth, foreign direct investment is growing. As recent history has consistently demonstrated, there is nothing more certain than uncertainty. A pandemic, geopolitical tensions, trade frictions and even armed conflict have complicated the landscape for global foreign direct investment, leaving business leaders with no clear signals as they set priorities and make critical investment decisions outside their borders.

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Integrity in Finance – Why Establishing Trust Matters

CFO Selections

“If you have integrity, nothing else matters. If you don’t have integrity, nothing else matters.” - Alan K. Simpson Originally published: 6/30/2021 Updated: 5/10/2024 Integrity in finance should be the foundation of a lasting bond between a business and its clients. Everyone wants to believe the promises that a company makes to them with respect to safeguarding their interests.

Finance 52
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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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Just 50 among over 2,000 NSE listed firms, why are there so few women CFOs in India?

CFO News

Industry experts attribute the persistent underrepresentation of women in CFO roles to various challenges, including inherent bias against women and companies' struggles to retain high-potential women through critical life stages.

CFO 52
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Bookkeeping Help: How to Forecast Cash Flow with Your Bookkeeper

CFO Share

Maintaining a predictable cash flow is crucial to stability and avoiding stress. Although bookkeepers are not professional financial planners, they can use their intimate knowledge of your transactions to assist business cash flow management. In fact, I never forecast cash flow without bookkeeping help – their insights are too valuable to ignore. By leveraging the detailed financial data they maintain, you can create a 13-week cash flow forecast that provides valuable insights into your upcomin

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Tata Sons raises royalty fee 2x to Rs 200 crore

CFO News

The owner of the Tata brand name kept the royalty fee at Rs 100 crore for a period of five years, before finally raising it by two times. TCS, TaMo and others will now have to pay Rs 200 crore as royalty fee to Tata Sons.

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AI for CFOs and Finance Professionals: Your Guide to Getting Started

Lime Light

Artificial intelligence (AI) isn't just science fiction anymore; it's revolutionizing the finance industry. CFOs and finance professionals are increasingly recognizing the potential of AI to automate tasks, unlock insights, and drive strategic decision-making. However, navigating the world of AI can be daunting. Adoption has more than doubled since 2017.

Finance 52
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Empowering Business Travel: The CFOs Guide

Business travel is more than just a line item. It’s a strategic opportunity to align with your company’s goals and empower your employees. With 60% of employees dissatisfied with the ease of booking and modifying travel plans, there’s a significant opportunity to improve travel management. This one-pager explores how to transform travel into a powerful tool for organizational success.

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RBI looks at asset reconstruction companies amid a flood of allegations

CFO News

India's central bank is set to hold a meeting with top management from asset reconstruction companies (ARCs) to discuss corporate governance and stressed-asset resolutions. This comes amidst concerns about potential back-door entry by defaulting promoters. The meeting, scheduled for May 17 in Mumbai, will see the participation of all 27 registered ARCs, along with RBI executives.

Banking 52
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IIP growth eases to 4.9% in March but grows faster at 5.8% in FY24

CFO News

Among the three major industries, manufacturing and electricity recorded a faster pace of growth in March compared with the previous month, expanding 5.2% and 8.6% compared with 4.9% and 7.5% in February. On the other hand, mining activity eased sharply to 1.2% from 8.1% in the previous month.

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Meesho closes $275 million funding in first tranche, in talks for more

CFO News

Meesho secures $275M funding in a $600M round. Share transfers hinted in SEC filing. In total, Meesho has raised $1.36 billion – including secondaries – since 2015.

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Early enthusiastic EV adopter phase probably over; focus on mkt development: Tata Motors Grp CFO PB Balaji

CFO News

Tata Motors is focusing on market development to boost electric vehicle (EV) penetration in India and address concerns of new customers. The company missed its guidance of selling 1 lakh units of EVs in FY24 and is confident of crossing the milestone this fiscal. Tata Motors is committed to the expansion of EVs and plans to launch its Curvv EV this year.

CFO 45
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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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RBI says 15 NBFCs surrendered registration certificates

CFO News

The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs have ceased to exist as legal entities due to factors such as amalgamation, merger, dissolution, or voluntary strike-off.

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Industry asked to name items from areas where India can be self-reliant

CFO News

The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, China, Vietnam, and Serbia; these agreements may have an effect on the competitiveness of Indian industry in any of the EAEU markets.

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Bankruptcy court admits insolvency plea against listed firm India Steel Works

CFO News

The Mumbai NCLT admits India Steel Works Ltd for insolvency resolution following an application by Stecol International Pvt Ltd. Vallabh N Sawana appointed as interim resolution professional. India Steel Works plans to appeal at NCLAT for urgent relief. Tribunal prohibits legal actions against India Steel Works, restraining asset disposal. Stecol International approached NCLT after India Steel Works defaulted on dues of Rs 2.6 crore.

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Capital Small Finance Bank looks to double advances growth, eyes branch expansion

CFO News

Capital Small Finance Bank targets a 22-24% advances growth in FY25, doubling last fiscal's pace, fueled by geographic expansion, including a move into Jammu. After raising growth capital through an IPO, the Jalandhar-based lender plans accelerated growth, having maintained steady NPA ratios through recovery-based management.

Finance 40
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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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17 cos to start production this year under IT hardware PLI 2.0

CFO News

The Indian government is expecting most manufacturers qualified under the revised production-linked incentive (PLI) scheme for IT hardware to start production this year, according to the electronics and information technology ministry secretary S Krishnan. About 17 out of 27 PLI companies will start production, with six-seven starting last year and two planning to start next year.

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LIC's April premium hits decade high of Rs 12,384 cr

CFO News

LIC's April premium collection of Rs 12,384 crore, highest since 2014, marked 113.14% growth from the previous year. Success attributed to marketing strategies, wider reach, policy uptake, reliability, and customer services.

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Irdai directs cos to meet social sector obligations

CFO News

Irdai, the sector regulator, has issued a master circular directing life and non-life insurance players to meet certain percentages of business compulsorily towards rural, social sector, and motor third-party obligations by 2047. Life insurers must ensure a minimum percentage of lives in identified and allocated gram panchayats.

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RBI appoints R. Lakshmi Kanth Rao as new Executive Director

CFO News

The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as its new Executive Director, effective May 10. Rao will oversee the Deposit Insurance and Credit Guarantee Corporation, Right to Information Act (FAA), and Department of Communication. Rao has over three decades of experience in various domains, including Banks and NBFCs regulation, supervision, and consumer protection.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.