Thu.Oct 12, 2023

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Finding the digital transformation ‘sweet spot’: FloQast CFO

CFO Dive

CFOs need to find the right moment, and the right software, to drive digital transformation effectively, FloQast’s Razzak Jallow says.

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The Enshittification of Amazon Continues…

Barry Ritholtz

In August of 2022, I explained how Amazon became ordinary. Today I want to discuss how they have become bad. Since I first discussed the companies that lost my affection during the pandemic nearly two years ago, Amazon continues to stand out as delivering an ever-worsening set of experiences. I wanted to wait until after the (faux retail holiday) Prime Day(s) ended before sharing a few tales of further (to use Cory Doctorow’s phrase) “ Enshittification.” There are many problem

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CFOs, treasurers earn top corporate accounting salaries: Robert Half

CFO Dive

The median corporate CFO salary is $265K while treasurers at the 50th percentile in compensation earn $210K, a study finds.

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India's retail inflation slows to 5.02 per cent in September, drops within RBI tolerance mark

CFO News

Retail Inflation: The CPI based inflation has come back to the Reserve Bank of India (RBI)'s comfort level of below 6 per cent after a gap of two months.

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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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Atlassian bets on video messaging in nearly $1B Loom buy

CFO Dive

The global movement toward distributed work has fueled a need for new ways to help teams collaborate, Atlassian said.

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More Trending

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Inflation persists above 2%, defying Fed

CFO Dive

Core inflation sped up during the past two months, underscoring the central bank’s challenge of restoring price stability.

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Good Intentions, Perverse Outcomes: The Impact of Impact Investing!

Musings on Markets

I have made no secret of my disdain for ESG, an over-hyped and over-sold acronym , that has been a gravy train for a whole host of players , including fund managers, consultants and academics. In response, I have been told that the problem is not with the idea of ESG, but in its measurement and application, and that impact investing is the solution to both market and society's problems.

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Balancing privacy concerns with internal investigations

CFO Dive

It’s possible to respect employees’ desire to wall off personal data from collection while ensuring the company can check every place relevant information might be.

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Webinar: Strategic Annual Budgeting – From Big Picture Goals to Actionable Plans

E78 Partners

Recently, we hosted an insightful webinar on strategic annual budgeting, where we discussed the importance of starting the budgeting process with a high-level offsite meeting to reassess long-term strategic and financial goals. This impactful webinar provided practical guidance on converting broad objectives into short-term tactical action plans, backed by measurable KPIs.

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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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FP&A Software OnPlan Reportedly Shutting Down After 7 Years of Business

The Finance Weekly

, OnPlan , an FP&A and forecasting softare, reportedly notified customers that they are discontinuing support for their clients, sources from the company have confirmed. The Florida based FP&A software solution, which has raised $6.8 million , according to Crunchbase , has run out of money and will continue operations going as long as possible, the source said.

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Emerging technologies: Business and tech leaders are unprepared 

Future CFO

Emerging technologies such as generative AI have caught both business and tech leaders unprepared, said PwC recently. The company’s 2024 Global Digital Trust Insights survey found that the proportion of businesses that have experienced a data breach of more than US$1million has increased significantly from year over year by a third — from 27% to 36%.

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Nirmala Sitharaman: Domestic consumption, investment demand will drive growth

CFO News

Calling for timely consensus on the transformation of the World Bank for accelerating progress towards the achievement of the 2030 Sustainable Development Goals (SDGs), Sitharaman during her in her address at the meeting of the World Bank's Development Committee, said, "The government has already taken pre-emptive measures to restrain food inflation which is likely to subside price pressure in the market soon.

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How Workforce Connection Remedied A Crisis | Melissa Watson, CFO, Vena

CFO Thought Leader

941: Mobilizing Your Team | Melissa Howatson, CFO, Vena At Avalara, we’re building cloud-based tax compliance solutions to handle every transaction in the world. Imagine every transaction you make — every tank of gas, cup of coffee, or pair of sneakers, every movie ticket, meal kit, or streamed song, every sensor-to-sensor ping. Nearly every time you make a purchase, physical or digital, there’s an accompanying unique and nuanced tax compliance calculation.

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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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Not going to campus for recruitment at the moment: Infosys CFO

CFO News

During the Q2 briefing, Infosys CFO Nilanjan Roy said the Bengaluru-headquartered company has a significant fresher bench and headroom for increasing utilisation, and hence it "is not going to campuses as yet"

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Here’s What We Do and Don’t Know About the Effects of Remote Work. Three years into a mass workplace experiment, we are beginning to understand more about how work from home is reshaping workers’ lives and the economy. ( New York Times ) • The economy has been strong. Why are economists so eager to predict it will tank?

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I-T pegs tax evasion by insurance companies, intermediaries at ?30,000 cr

CFO News

The department is in the process of sending tax demand notices to these entities to recover the dues, people aware of the details told ET. The amount could increase once interest and penalties are levied, they said. "We are sending demand notices along with penalty and interest to companies separately and they will get the mandated time to respond to them or contest them," a senior official said.

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FCF TMT Market Study 2023 – published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF TMT MARKET STUDY – 10/2023”. Based on available data from European TMT (Technology, Media & Telecommunications) companies, the FCF TMT MARKET STUDY is. Read more The post FCF TMT Market Study 2023 – published appeared first on FCF Fox Corporate Finance GmbH.

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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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Generative AI is here to stay and will end up creating more jobs, says TCS CFO

CFO News

“While we maintain margins at a portfolio level, at a deal level, we might take strategic calls and we might choose to go aggressive. That is the strategic call I was mentioning and in the project lifecycle, margins would differ as I had mentioned,” says Samir Seksaria. He also says "we are monitoring the macro situation on a month-on-month basis and currently on the month-on-month basis.

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No GST on Gangajal, CBIC refute reports

CFO News

The clarifications came after certain media reports that the centre has imposed 18% GST on Gangajal, which was flagged further by the opposition parties and triggered war of words between congress and the ruling BJP.

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Populist expenditure may not hit govt's fiscal deficit targets: Goldman Sach

CFO News

The government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to reduce the fiscal deficit by almost 1.5% of GDP over the next two years, to achieve a target of 4.5% of GDP by FY26.

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Big 4 get bigger: Combined revenues of EY, KPMG, Deloitte and PwC cross Rs 32,700 crore

CFO News

For these firms, auditing services now account for less than 15% of total revenue from a disproportionate majority only a decade and a half ago, with EY, Deloitte and PwC not actively trying to expand this service line due to associated risks. Another traditional service, taxation advisory, has been a steady money spinner for the firms.

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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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Reserve Bank of India slaps Rs 5.39 crore penalty on Paytm Payments Bank

CFO News

The Reserve Bank of India (RBI) has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank for failing to comply with regulatory guidelines. The bank was found to have violated licensing guidelines, delayed reporting of cybersecurity incidents, and failed to secure mobile banking applications.

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RBI lens on payment firms seeking aggregator tag

CFO News

In the payments business, access to sensitive data needs to be monitored and many payment companies do not have such access controls, or do not maintain proper audit checks. The regulator wants fintechs to be serious about these aspects of business before they are issued a licence.

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Chinese smartphone companies reboot as rivals creep up the screen

CFO News

Experts feel that this is also a good time for new entrants such as Nothing and Google to get a foothold with relatively lower entry barriers as compared to other markets. Increased scrutiny by Indian authorities and tepid demand for higher volume smartphones costing less than Rs 10,000, where Chinese brands have a major presence, has seen the combined share of these products drop to 61% in Q2 2023 from their peak of 77% in Q1 2020.

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India's industrial production grows 10.3% in August, highest since June 2022

CFO News

India Industrial Prodcution: India's industrial production in August rose to 10.3 per cent after growing 5.7 per cent in July, official data showed on Thursday.

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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.