Mon.Jun 10, 2024

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Finance teams have so much to gain from AI - here’s why

CFO Dive

Discover how AI is revolutionizing finance by boosting productivity, automating tasks and providing insightful analytics. Learn how CFOs can harness its potential while building trust.

Finance 258
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Spain: From Red To Black

Global Finance

In the past decade, leaving aside the Covid-19-induced recession, Spain’s economy has performed better than the European average. The year 2024 looks to be no different; Spanish GDP is expected to expand to double the average in the euro area: between 1.9% and 2.1%, according to different estimates, versus a range of 0.8% to 1% for its peers. And this is likely to remain true in 2025 as well.

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Alphabet hands new CFO $9.9M sign-on bonus

CFO Dive

The incoming finance chief — Eli Lilly veteran Anat Ashkenazi — was granted the bonus in light of “her prior company’s forfeited compensation,” Alphabet said.

CFO 282
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Summer Reading List Of “Best Books” For Financial Advisors – 2024 Edition

Nerd's Eye View

The first half of 2024 has been a solid start for most advisory firms, with markets enjoying moderate growth (a pleasant follow-through after a particularly strong 2023!), client retention rates remaining robust, and at least a bit of client referral growth trickling in. Which is leading to healthy profit margins at the typical advisory firm, as more and more advisors eye the possibility that AI will produce even more business efficiencies (and stronger profitability) in the year to come.

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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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OpenAI appoints Nextdoor, Square alum as CFO

CFO Dive

Sarah Friar brings a resume packed with both Silicon Valley and investment banking experience to her new role at the artificial intelligence firm.

CFO 268

More Trending

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Few companies report solid EBIT gains from rush into GenAI: McKinsey

CFO Dive

Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.

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Key driver analysis – the heart of the digital twin

Jedox Finance

Identifying the things that contribute to performance helps organizations achieve their goals. Key driver analysis, augmented by AI, reveals critical factors for success and turns raw data into actionable insight.

Finance 52
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Four takeaways from the CFO Leadership Council’s confab

CFO Dive

Generative AI, labor challenges, and cybersecurity worries were some of the top issues on finance chiefs' minds during the two-day conference.

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 04/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 04/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 04/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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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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Navigating the IPO journey: Key preparation considerations for CFOs

CFO Dive

Market shifts call CFOs for an IPO preparation session.

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Fostering an Enabling Business Environment: Indian Businesses' Expectations from the New Government

CFO News

India's economic transformation calls for streamlined regulations, stable tax reforms, and strategic privatization. Deepak Narayanan, Founder & CEO of Practus, outlines a roadmap to sustain growth and solidify global superpower status.

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India-EFTA Trade & Economic Agreement: A Win-Win Deal

CFO News

India's landmark TEPA with EFTA, authored by Sanjay Chhabria, Senior Director, Indirect Tax at Nexdigm, outlines significant trade, investment, and economic growth opportunities, while highlighting key provisions and mutual benefits.

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Nirmala Sitharaman reappointed as a Finance Minister in Modi 3.0; Here are her key achievements

CFO News

On Monday, the Modi 3.0 government allocated ministerial positions, reappointing Nirmala Sitharaman as Finance Minister. ETCFO highlights her educational background, personal life, political career, and significant achievements.

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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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IBC changes set to lift ARC recovery from residential realty by 500-700 bps

CFO News

Stressed realty projects are becoming viable for last-mile funding as 33 mn sq ft of unsold inventory for projects analysed is likely to be sold at appreciated market prices because of a significant increase in prices over the last two fiscals and healthy demand for residential real estate, says CRISIL.

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How high growth is delaying RBI rate cuts

CFO News

The RBI's ability to maintain this pause is bolstered by strong economic growth. Even if policy rates remain restrictive for an extended period, the central bank believes it can manage the consequences, experts say.

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India may reduce rates before US Federal Reserve does

CFO News

RBI Governor Shaktikanta Das on Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada and European Central Bank cut rates last week.

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From tax schemes to pension demands: Modi's new finance minister has their work cut out as challenges mount

CFO News

A day after PM Narendra Modi and his new council of ministers were sworn in, speculation is high about the next finance minister. Questions are arising whether Nirmala Sitharaman will continue in her role in the finance ministry or take on a different ministry this term. Regardless of who takes the position, the responsibilities remain the same: boosting the economy and navigating challenges amid global uncertainties.

Finance 40
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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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Modi's 'lower political capital' to hit implementation of tough reforms, says UBS

CFO News

A Swiss brokerage stated that Prime Minister Narendra Modi's 'lower political capital' may hinder the new government's ability to implement tough reforms, potentially limiting the growth rate to around 7.5%. UBS Securities highlighted the importance of reforms related to land, farming, divestments, Uniform Civil Code, and one nation one election to boost growth to over 7.5% in the next five years.

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Sitharaman's budget next month to lay out economic roadmap of Modi 3.0

CFO News

The economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in near future and turn the country into a 'Viksit Bharat' by 2047.

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SBI, other public sector banks suggest steps to boost deposits

CFO News

Banks' deposit growth in FY24 was well below the rise in credit, forcing them to meet the funding gap through higher-cost Certificates of Deposit (CDs). Banks have made representations to senior government officials flagging the slowdown in deposits.

Banking 40
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Companies cautious on short-term hiring, but overall outlook stays upbeat

CFO News

Employers in India are showing caution in short-term hiring for the July-September quarter, with a net employment outlook of 30%, six percentage points lower than the current quarter and the same period last year. While 48% of employers plan to hire more people, 18% expect a decrease in hiring or have no plans to hire. The most optimistic sectors are finance and real estate, healthcare and life sciences, and IT, while communication services and transport, logistics, and automotive are less optim

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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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Telcos likely to see modest revenue growth in June Qtr

CFO News

Analysts expect a modest 2.5-3% sequential increase in revenue growth for the telecom sector in the June quarter. Despite higher data usage during the IPL cricket tournament and increased demand for international roaming packs during the summer holiday season, revenue growth is expected to be limited. This is due to many mobile users still paying lower 4G rates even after opting for 5G packs, and most subscribers having large amounts of unused data, reducing the need for costlier mobile broadban

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Modi 3.0: FMCG companies can cheer the new coalition government

CFO News

In a symbolic move, Prime Minister Narendra Modi's first action after being sworn in for a third term was releasing the 17th PM-KISAN installment, providing financial relief to 9.3 crore farmers. With a weaker mandate, the government is expected to focus on rural welfare, potentially boosting FMCG sector growth and consumption.

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Modi Cabinet portfolios allocated; Sitharaman retains finance ministry, Jaishankar to serve as EAM again

CFO News

NDA Full List Ministry Portfolio: Prime Minister Narendra Modi began his third consecutive term on Monday by allocating key portfolios to ministers following their swearing-in ceremony.

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Modi 3.0 Cabinet: BJP's master strategist Amit Shah remains in charge of the Home Ministry

CFO News

Amit Shah secured a significant victory in Gujarat's Gandhinagar constituency, garnering 7,44,716 votes more than his closest competitor. His total vote count amounted to 10,10,972, surpassing the 2,66,256 votes received by the Congress candidate, Sonal Patel.

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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.