Mon.Feb 06, 2023

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Benefits of Outsourced Bookkeeping and Accounting

Capital CFO LLC

You may be wondering the benefits of Outsourced Bookkeeping and Accounting. Bookkeeping and accounting services have become one of the most outsourced functions in small to medium-sized companies. Today’s businesses function […] The post Benefits of Outsourced Bookkeeping and Accounting appeared first on Capital CFO+.

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Ex-Wendy’s US CFO lands at Little Caesars

CFO Dive

Little Caesars said its new finance chief, Leigh Burnside, will oversee the expansion of the company’s accounting team as it seeks to support recent growth.

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Masters in Business Live With Vanguard’s Tim Buckley

Barry Ritholtz

I am in Florida for the big ETF Exchange event. It’s a giant annual conference with 2000+ people attending in Miami to network, talk ETF’s, and discuss the future of the industry. It’s always a worthwhile hang. (Full agenda here ) My contribution to the event is a live Masters-in-Business with the Vanguard Group’s CEO Tim Buckley. We will be recording it for broadcast next week; even if you cannot make it to Miami tomorrow, you will be able to hear what the CEO of Vanguard Grou

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Volvo begins hunt for new finance chief following CFO’s resignation

CFO Dive

The 25-year company alum is stepping down from the CFO position after a year in the role.

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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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The Latest In Financial #AdvisorTech (February 2023)

Nerd's Eye View

Welcome to the February 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that the “financial monitoring software” platform Elements has raised $5 million in a seed-extension funding round as it seeks to establish a foothold in the rapidly growing AdvisorTech categ

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How India Inc CFOs reacted to Budget 2023

CFO News

Finance leaders hailed the capex increase as well as personal tax benefits.

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Tricks of proper data consolidation

Spreadym

Large companies with an extensive management structure pay great attention to accurate and full consolidation of business information. And due to the complexity and special features, the process requires automation at a maximum level via proper business software. Let’s look at this process more sharply. Consolidation is the combination of business information of several divisions, branches or subsidiaries into one place.

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Digital transformation in finance: 34% CFOs want a single source of data, says poll

CFO News

Finance leaders were asked about the single biggest change they expected to see from digital transformation in finance. There was almost an equal split between reduced risk/increased compliance (33.2%) and having a single source of data (33.8%). Other finance leaders preferred value addition to the bottom line, efficiencies in cost, and some even said a better work-life balance.

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Control Your Inventory With Cloud Management Software

https://trustedcfosolutions.com/feed/

There are many factors outside of your control that affect inventory. All levels of supply chain operations are being impacted globally, from sourcing raw materials to the end consumer. The disruption caused by the pandemic only heightened the need for optimizing inventory management. That’s why 72% of businesses plan to reinvent their supply chain with real-time visibility powered by automated technology, sensors, and analytics.

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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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'Overly optimistic' Modi govt likely to fall short of fulfilling capex dreams, experts say

CFO News

Of 39 economists who responded, 34 said the government could achieve Finance Minister Nirmala Sitaraman's borrowing target for the 2023/24 fiscal year, 5.9% of gross domestic product (GDP). That would be down from an expected 6.4% in the current fiscal year, ending on March 31.

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Digital fraud attacks are on the rise in Asia Pacific

Future CFO

Digital fraud attacks are not only on the rise but are also more sophisticated in Asia Pacific, said LexisNexis recently when releasing it latest findings of scams. According to the firm, the findings leverage the data from the LexisNexis Digital Identity Network, which processed 6.5 billion transactions from July 2021 to June 2022 in Asia Pacific. While scam centres in Cambodia are an emerging source of a significant number of cyberattacks targeting Hong Kong and Singapore, cyberattacks in othe

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Don’t see loan exposure to Adani as an issue for SBI, says CreditSights

CFO News

Research firm CreditSights on Tuesday said that it does not see the loan exposure to Adani Group stocks as an issue for the State Bank of India (SBI) given its strong general provision reserves buffer.

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Stop Trying to Make Your Old Broken Budgeting Process Work

Collectiv

Why do so many organizations abandon their budgets halfway through the year? Because the traditional budgeting process is broken. In the latest episode of Collectiv Conversations, I chatted with Stephen Newland about the future of financial planning and analysis and how we can improve the forecasting and budgeting process. Stephen is the director of FP&A at GrowthLab Financial , which offers finance-as-a-service for growing businesses.

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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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Panel to weigh competition law for digital companies

CFO News

The move follows a recommendation by the parliamentary standing committee on finance on acting against anti-competitive behaviour in digital markets to prevent the formation of monopolies. The panel had also suggested digital competition legislation to ensure a fair, transparent and contestable digital ecosystem in the country and identification of systemically important digital intermediaries (SIDIs).

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Creating an Effective Board – Executive Director Relationship

Capital CFO LLC

Creating an effective Board – Executive Director relationship is critical to the success and strategic growth of a nonprofit organization. The nonprofit Board of Directors exists to provide governance oversight, high-level […] The post Creating an Effective Board – Executive Director Relationship appeared first on Capital CFO+.

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Air India to borrow Rs 18,000 crore from SBI, BoB

CFO News

The loans are a continuation of the debt facility availed by the company after the completion of the Tata Group's takeover of the national carrier in January last year and give it time until the long-term borrowing strategy is finalised.

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#239 – From Chaos to Clarity: Strategies for Smooth Bank Integration

Strategic Treasurer

Episode 239 From Chaos to Clarity: Strategies for Smooth Bank Integration When it comes to treasury operations, cash is still king. Holistic cash visibility is a critical differentiator for companies. Digital transformation and open banking have presented many more opportunities for treasury and finance to quickly access the data they need for better cash management and forecasting while streamlining processes through automation.

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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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India growth prospects strongest among emerging market economies: S&P

CFO News

India has the strongest growth prospects among emerging market economies and the fiscal 2024 budget will support productivity and higher growth which will be the bulwark for the economy amid the global downturn, according to S&P.

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House Republicans target SEC climate risk rule

CFO Dive

Having taken control of the U.S. House, Republicans are redoubling efforts to thwart the Biden administration’s sustainability initiatives.

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PLI scheme attracted Rs 45,000 cr investment, created 3 lakh jobs: NITI Aayog CEO

CFO News

The scheme, which aims to make domestic manufacturing globally competitive, was rolled out with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel.

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Pernod Ricard India formed cartel, laundered money: ED

CFO News

Wrongful declaration of ex-distillery prices, sales to super cartel retail zones and value of corporate guarantee issues amounted to ₹563 crore for the maker of Absolut vodka and Chivas Regal scotch, said the charge-sheet. The company accrued excess profit of ₹163 crore due to market share increase, it said.

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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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Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch

CFO News

​​ "We expect the domestic banking sector's average net interest margin to slightly contract by about 10 bps (basis points) in FY24 to 3.45 per cent, following a 15 bps increase in FY23 to 3.55 per cent, in a base case scenario, but remain well above that during FY17-FY22 average of 3.1 per cent," Fitch Ratings said in a report.

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MeitY orders several digital lending apps, including Lazy Pay, to halt operations

CFO News

The Ministry of Electronics and Information Technology has ordered many FinTech companies operating in the digital lending space to block their website and stop all operations. According to industry sources, MeitY has been reviewing various reports submitted by the vigilance agencies pertaining to digital lending.

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Govt decision to convert Vi's interest on dues to equity to keep telco away from NCLT: Analysts

CFO News

However, the loss-making Vi is likely to face an annual shortfall of about Rs 24,700 crore ($3 billion) in free cash flows (FCF) from 2026-27, once spectrum payments resume, said analysts. This is since the dues conversion into equity amounts to about Rs 16,100 crore debt reduction for Vi, which is barely 7% of the telco’s whopping Rs 2.2 lakh crore net debt and won’t result in any immediate savings in FCF, said Goldman Sachs.

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Budget 2023 all about 'sustain to thrive', to move fast and take off fast: Nirmala Sitharaman

CFO News

“Everywhere we have tried to be realistic. And that is why when people ask me, have you reduced your Budget on some things? No, we have been realistic. Absorption is also a very important indicator of where your money will be well received. There is no point in giving money in every head because it exists.

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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.