Fri.Sep 15, 2023

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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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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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Trending Sources

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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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Land’s End interim takes permanent CFO seat

CFO Dive

Bernard McCracken is the latest chief accounting officer to be promoted to a public company’s top finance role.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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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

Finance 101

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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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Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

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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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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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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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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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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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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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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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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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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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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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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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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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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