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 243
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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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Trending Sources

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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 204
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Transforming business with digital trade finance

Future CFO

As the world transformed following the changes brought about by the COVID-19 pandemic, along with other global market factors, businesses have found themselves navigating around the newness. It has been discussed endlessly over the last few years--how digitalisation stepped in and took the centre stage, almost always dictating how the markets will go and flow and what will thrive and what will not.

Finance 52
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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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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.

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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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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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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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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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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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Navigating the IPO journey: Key preparation considerations for CFOs

CFO Dive

Market shifts call CFOs for an IPO preparation session.

Marketing 130
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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.

Finance 45
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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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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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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.

Banking 40
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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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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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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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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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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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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.

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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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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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Modi's Cabinet: Nirmala Sitharaman retains finance ministry for second consecutive term

CFO News

Nirmala Sitharaman on Monday was re-appointed as the finance minister of India for a second consecutive term in Prime Minister Narendra Modi-led cabinet.

Finance 40
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Vishwa Samudra Group appoints Abhishek Jalan as the new Group CFO

CFO News

Vishwa Samudra Group strengthens its leadership team with the appointment of new group CFO

CFO 40
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.