Thu.May 16, 2024

article thumbnail

Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech

CFO Dive

Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.

Nonprofit 212
article thumbnail

Companies incorporated abroad are moving back to India

CFO News

Businesses that incorporated or shifted their base outside India are moving back home. Indian markets are proving to be ideal for startups in terms of investments as well as ease of business operations, say experts.

Startups 129
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

First-time CFO looks to sharpen Kyriba’s FP&A approach

CFO Dive

Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.

CFO 217
article thumbnail

What Stagflation?

Barry Ritholtz

The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted from 9% down to the 3s. If you have a bearish mindset , and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is “Stagflation.” We have heard the S-word from Jamie Dimon , Stanley Druckenmiller , Bank of America , Barclays , Fox , Ma

Economics 126
article thumbnail

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.

article thumbnail

Sleeping partner cannot answer: FM on brokers’ tax; urges collaboration for investor’s confidence

CFO News

During a recent event at the BSE, Finance Minister was asked a tough question by a stock broker regarding high taxes on stockbrokers and real estate transactions. Highlighting the significant tax burden, he called the government a "sleeping partner" reaping benefits without sharing operational risks.

Finance 98

More Trending

article thumbnail

Green with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power

CFO News

Oil and Natural Gas Corp (ONGC) is reportedly in discussions with NTPC Green Energy to form a consortium for bidding on Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF). The enterprise value of Ayana is estimated to be around $2 billion. Other entities like JSW Neo Energy, Sekura Energy, Masdar, Macquarie, and Sembcorp have also shown interest in acquiring a controlling stake in Ayana.

article thumbnail

Maximizing Efficiency in Financial Management with SaaS Accounting Software

CFO Plans

In today’s fast-paced business world, CFOs and financial managers are constantly seeking ways to optimize operations and boost efficiency. One of the most transformative tools available is SaaS-based accounting software. Cloud-based solutions are changing the game in financial management, offering numerous advantages over traditional systems. Here’s how SaaS accounting software is revolutionizing financial management and why it’s essential for CFOs.

article thumbnail

Advancing financial inclusion in Asia

Future CFO

Among the key trends that emerged in the recent Money20/20 Asia 2024 event in Bangkok, Thailand include dispelling the myth that financial inclusion lacks sustainable business models. According to Christiane Zhao , accessibility champion at SecurityTech company Giesecke+Devrient and technical advisor at Harvard University , financial inclusion has emerged as an attractive proposition for banks and fintech companies when leveraged effectively.

article thumbnail

Cloud Cost Management and Optimization for PE and VC-Backed Enterprises

E78 Partners

As Private Equity and Venture Backed startups mature into larger businesses with a proven business model, the challenge with managing cloud expenses has become a pain point for the CFO, CIO and PE owners. These companies have built their businesses from the ground up based on cloud-based technologies like AWS, Azure or GCP. These solutions are engineered to deliver their products and services and deliver an exceptional customer experience.

article thumbnail

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

article thumbnail

Kitces & Carl Ep 138: Crafting Your Own Stop-Doing List To Create Capacity For What Really Matters

Nerd's Eye View

In the initial stages of their careers, many financial advicers find that, with little revenue coming in and less than a full load of client-facing work to do, they spend the majority of their time on operations and marketing as they try to establish their practice. As a result, an advicer often has the capacity to say "yes" to any opportunity that comes along as they try to keep busy and (hopefully) improve their cash flow.

article thumbnail

Stronger momentum needed for sustainable financing in Southeast Asia

Future CFO

Sustainable financing has gained substantial momentum in Southeast Asia in the recent years, but even if the progress is notable, the amount of sustainable financing in the region still falls way short of the levels required to drive transition towards net zero targets. This is the view of Lim Lay Wah , managing director & group head for the Global Financial Institutions Group & Sector Solutions Group at UOB.

Finance 52
article thumbnail

Persistent Systems appoints Vinit Teredesai as CFO

CFO News

Teredesai will assume the position immediately, succeeding current CFO Sunil Sapre, who is slated to retire later this year.

CFO 52
article thumbnail

The Mentoring Round | Tucker Marshall, CFO, The J.M. Smucker Company

CFO Thought Leader

Inside The Mentoring Round, CFO Tucker Marshall of The J.M. Smucker Company stresses the role of company culture in career choices and corporate strategy. His long-standing admiration for Smucker’s community involvement influenced his decision to join and stay with the company. 1000: When Culture Informs Strategy | Tucker Marshall, CFO, The J.

CFO 52
article thumbnail

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.

article thumbnail

Net FDI in India fell 45% in April-February of FY24 to $14.55 billion

CFO News

FDI inflows into India amounted to $26.69 billion, while outflows were $12.14 billion during April 2023 to February 2024.

52
article thumbnail

Nucleus Software appoints Surya Prakash Kanodia as CFO

CFO News

Nucleus Software bolsters its leadership team with the appointment of Surya Prakash Kanodia the CFO

CFO 52
article thumbnail

India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal

CFO News

Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, stated that India aims to replicate the Chabahar port model in other strategic locations in the region to acquire additional assets. In an interview with ET, he emphasized that India is actively investigating opportunities to bolster its maritime presence and trade connectivity.

40
article thumbnail

NCLT sets the ball rolling on merger of Reliance's arm Viacom18 and Star India

CFO News

The merger scheme has two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India. As consideration for the scheme, Viacom18 will transfer streaming platform JioCinema to Digital18, which will pay the company a consideration of Rs 24,186 crore through an allotment of 24.18 billion fully paid-up shares of Rs 10 each.

40
article thumbnail

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.

article thumbnail

Religare moves HC over Sebi 'inaction'

CFO News

Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed report on the actions taken by the capital markets regulator.

article thumbnail

ET Explains: What drives inward remittances?

CFO News

India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.

40
article thumbnail

Fraud, crypto & wallet: A virtual hold for a real crime

CFO News

Soon after a transaction by a scammer or the use of a mule account to purchase cryptos is tracked, the virtual digital assets (VDAs) can be moved to the proposed special account which would be under the control of a law enforcement agency (LEA).

article thumbnail

Ola CFO Kartik Gupta steps down two weeks after CEO exit

CFO News

Kartik Gupta, Ola's CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.

CFO 40
article thumbnail

Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.