Fri.Sep 15, 2023

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Investors want to hear from companies about the value of sustainability

Mckinsey and Company

Investors want companies to sharpen their equity story and clarify the value of their sustainability initiatives. Here’s what company leaders can do.

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An ERP Foundation that Grows with You

Navigator SAP

Each phase of a company’s growth looks different. When a company starts, it needs flexibility and speed. As a business grows larger, process standardization and infrastructure start becoming important. Then when a medium-sized business makes the jump to enterprise status, it needs capacity, rock-solid reliability, enhanced delegation features and the ability to handle extra complexity.

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The data dividend: Fueling generative AI

Mckinsey and Company

Data leaders should consider seven actions to enable companies to scale their generative AI ambitions.

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Most workers use AI, usually without company safeguards

CFO Dive

Workers are quickly adopting generative AI, and most of them believe the powerful tools do not threaten their jobs, the Conference Board said.

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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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How medium-size enterprises can better manage sourcing

Mckinsey and Company

Small and medium-size enterprises often struggle to find procurement cost savings. Yet there are ways to do it while still pursuing growth and providing a superior customer experience.

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More Trending

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Medtech Pulse: Thriving in the next decade

Mckinsey and Company

Medtech leaders are devising strategies to catch the next wave of value creation amid uncertain macroeconomics and evolving industry trends.

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SBI General Insurance appoints Jitendra Attra as CFO

CFO News

In this new role, Attra will be responsible for leading the Company’s finances, formulating and monitoring policies, setting up internal controls, accounting, taxation, budgeting & financial planning, MIS, and capital planning for the Company.

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Boxes & Lines: Poking Holes in the Financial Status Quo

Barry Ritholtz

Join us for a thought-provoking live podcast event from IEX Exchange’s “Boxes and Lines” podcast hosted by Ronan Ryan and John Ramsay, as they take on the latest trends, innovations, and technologies shaping e-commerce and web3 This week’s edition: Me ! Barry Ritholtz On Poking Holes in the Financial Status Quo: The Myths of Inflation, and Having the Patience to Get Rich Slowly Here is their description: Barry Ritholtz, CIO of Ritholtz Wealth Management, and host of the popular Bloomberg p

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5 Ways Sage Intacct Customers Can Benefit from Report Automation

Lime Light

In a world of exponentially growing data, getting insights for your organization might be comparable to ascending Mount Everest with only a couple of hours to prep. If you are like many of us trying to navigate change in your organization, supporting multiple functions and jumping from one system implementation to the next, you might be wondering if there is one one solution for everything.

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Acterys: Revolutionizing CIO & CFO Decision-Making

Welcome to the Future of Technology for CIOs & CFOs! Ever stood on the precipice of a technological revolution, feeling the energy of change? Ever been captivated by the whispers of a software that's not just innovative but genuinely groundbreaking? Acterys unveils a groundbreaking technology tailored for CIOs and CFOs. This state-of-the-art solution streamlines data integration, analytics, and forecasting, empowering leaders to make informed decisions quickly.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Hip-hop stars and financial luminaries: Ritholtz Wealth Management redesigns the investment conference : Roughly 3,000 attendees are gathered to hear hip-hop legends Method Man and Redman, and financial headliners like Jeremy Siegel, Jeff Kleintop, Emily Roland, Cliff Asness, Jeff Gundlach and Jan van Eck. Plus there’s dancing, swimming, surfing, yoga, pizza and sushi and beer and wine sessions.

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Weekend Reading For Financial Planners (September 16-17)

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 survey indicates financial advisors are the most trusted source of financial advice for consumers across generations, and are particularly trusted among wealthier individuals. Further, the survey results suggest that advisors who offer comprehensive services tailored to the needs of their target clients are likely to be more successful both retaining their current

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Big Market Delusions

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Rob Arnott, and Downtown Josh Brown discuss lessons from the tech bubble, smart beta, big tech valuations, Tesla and Nvidia, how AI might impact markets and the economy, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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JK Tyre CFO says demand very strong; margins top focus

CFO News

Sanjeev Aggarwal is aspiring double digit revenue growth in this financial year 2023-24, and indicated that for continuous growth of the company, he will plan expansions judiciously as the demand is expected to remain buoyant in the near to medium term.

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The Buyer’s Guide to HR & Payroll Technology

Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?

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Soft Landing Strategy: More Opportunities, Less Debt

CFO Share

The Fed and many small businesses are increasingly expecting a soft landing without a recession. If you are looking to maximize your small business opportunities during a soft landing, we recommend the following four changes to your business strategy: Monitor funnel KPI’s with cautious optimism. Invest in growth but remain cash flow positive. Lean into B2B markets.

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G20 Finance Track will take up cryptocurrency, MDB reforms next

CFO News

Finance ministers and central bank governors of G20 nations will gather in Marrakech in October to discuss potential reforms at multilateral development banks (MDBs), regulations for crypto-assets, and the global economic outlook. The G20 aims to strengthen MDBs by widening the discussion to include perspectives from the Global South, establishing a globally coordinated policy for crypto-assets, and promoting financial inclusion through digital infrastructure.

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FABTECH 2023 - A Show Recap

Commercial Credit Group

The Manufacturers Capital team had the opportunity to attend the recent FABTECH show in Chicago, and it was quite an experience. The event showcases fabricating and metalworking technology, provides a full agenda of educational sessions, and attracts visitors from all over the world.

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Dr Reddy's Laboratories jumps into the fray for Biogen's biosimilars

CFO News

Dr Reddy's Laboratories (DRL) and Intas Pharmaceuticals, both Indian companies, are reportedly in the race to acquire the biosimilar products portfolio of Biogen, a US-based biotech company. Samsung Bioepis is also said to be a candidate for the acquisition. Biogen had sold off its stake in Samsung Bioepis last year. DRL has been aggressively expanding its biosimilars portfolio globally and has launched several products in India and emerging markets.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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Centre hikes windfall tax to INR 10,000 per tonne, slashes duty on diesel, ATF

CFO News

The export duty on diesel was slashed to INR 5.50 per litre from 6 per litre earlier and reduced duty on Aviation Turbine Fuel (ATF) to INR 3.50 per litre from the earlier INR 4 litre. The new rates will be effective from September 16. Export duty on Petrol will remain nil.

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G20 reaches consensus on more power to women

CFO News

Inspirational stories serve as powerful role models by illuminating the path to success through real-life examples. For the first time, under India's Presidency, the G20 EMPOWER Website has become a stage for 73 inspiring stories from 9 countries, documenting remarkable journeys of women who have triumphed across G20 nations.

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Supreme Court dismisses appeal against ND Art's insolvency

CFO News

The Supreme Court has dismissed a petition seeking a review of the National Company Law Appellate Tribunal's (NCLAT) order allowing bankruptcy proceedings against ND's Art World Pvt Ltd, a company owned by late art director Nitin Desai and his widow Naina Desai. The dismissal clears the way for recovery proceedings against the company, which owes Edelweiss Asset Reconstruction Co. around Rs 300 crore.

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RBI's composite financial inclusion index sees uptick with growth across all parameters

CFO News

The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. "Index for the year ending March 2023 has since been prepared. The value of the FI Index for March 2023 stands at 60.1 vis-a-vis 56.4 in March 2022, with growth witnessed across all sub-indices," RBI said.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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41 multibaggers, 80% win rate! SME IPOs spreading FOMO among bluechip warriors

CFO News

Out of the 105 SME IPOs that got listed on Dalal Street so far in the calendar year 2023, a majority 84 have given positive returns. This translates into a win rate of 80%, which means four out of every five SME IPOs made money.

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Infosys signs $1.5 billion deal to leverage AI solutions

CFO News

Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday.

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India in talks with 22 countries for bilateral trade in Rupee: FM Sitharaman

CFO News

India is in talks with 22 countries to conduct bilateral trade in the Indian rupee, according to Finance Minister Nirmala Sitharaman. India has taken measures to encourage the use of the rupee for international transactions, including establishing special rupee vostro accounts with domestic banks and granting permission for banks from 18 countries to open Special Vostro Rupee Accounts.

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Steel companies may gain from government’s infra push

CFO News

Steel finds the maximum consumption in the infrastructure space. With the Centre spending nearly a third of its budgeted funds on big-ticket infrastructure projects, demand for steel grew 13% year on year between April and July.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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We have been proactive in controlling inflation amid fears of El Nino: Piyush Goyal

CFO News

Goyal also attributes the fall in foreign direct investment (FDI) and exports to high interest rates and the global economic slowdown. However, he expects trade to pick up in the coming months as India pursues an aggressive free trade agreement agenda. Goyal also discusses the strengthening trade relations between India and the US, as well as plans for the India-Middle East-Europe Economic Corridor and the proposed free trade agreement with the Gulf Cooperation Council.

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Axis Bank investment banking arm Axis Capital's co-CEO steps down

CFO News

Negandhi became the Co-CEO of the Axis Bank i-banking unit in 2018 along with his colleague Salil Pitale, after the unit's then CEO Dharmesh Mehta left the firm.

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