Sun.Mar 05, 2023

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The age of the Silicon Valley ‘moonshot’ is over :Big Tech’s cost-cutting and layoffs are another nail in the coffin for the industry’s most ambitious and costly projects. ( Washington Post ) • Rupert Murdoch’s deposition in $1.6 billion defamation case is ‘a nightmare’ for Fox News, legal experts say : First Amendment scholars say defamation case against Fox News is “unusually strong.” ( Grid ) see also

Education 113
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Streamlining finance with automation

Future CFO

“Finance automation technology integrates machine learning and artificial intelligence for use in areas such as financial analysis, payroll administration, invoice automation, collections action, and preparing financial statements. The use of such automated software reduces the need for human intervention in these activities.” Research firm Gartner FutureCFO asked three finance leaders their views on the challenges facing integrating automation with finance processes.

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Trending Sources

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How CFOs of Thomas Cook, Sanathan Textiles, and Yokohama India are using smart technologies to enable finance function

CFO News

The finance leaders said implementing smart technologies was not easy, and it required them to stay firm and get buy-in from their entire finance team to pull the decision through till the last moment, which is up to the point when the smart technology went live.

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Celebrating Women in Construction

Commercial Credit Group

This week marks the 63 st anniversary of Women in Construction Week and CCG is celebrating all the women in this critical and essential industry.

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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.

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Crisis creates opportunities; bought into ITC during a tax crisis, Infosys after whistleblower allegations: Rajiv Jain, Chairman, GQG Partners

CFO News

"I think I've heard that story on Reliance for about 25 years, about the political affiliation and so on and so forth. These come and go, but we can't run the portfolio based on (what) the politics is. The problem, the markets, at the end of the day, is about dollars and cents. Money talks — it's hard to take a five, 10-year view on what might happen in future," said Rajiv Jain, Chairman, GQG Partners.

More Trending

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Key findings from the State of AI in the Enterprise: 5th Edition

Future CFO

Since 2017, Deloitte has tracked the ways businesses use AI and reported the results in our annual State of AI in the Enterprise surveys. The company's fifth annual report reveals that nearly all business leaders see AI as critical to success in the coming years. Find out what Al-fuelled organisations are doing differently to achieve success and gain competitive advantage.

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How to Grow A Company Successfully?

The CFO Centre

If you want to grow your business successfully, then you need to get the basics right. That’s things like your mindset, your long-term objectives, strategies, and the team you’ll employ to help you achieve your goals. In this article, we’ll delve into the tips on how to grow a company successfully. To build your business, […] The post How to Grow A Company Successfully?

CFO 52
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Improving employee wellbeing can enhance company performance by at least 11%

Future CFO

Improving employee wellbeing can enhance a company’s performance by at least 11% and up to 55%, said Aon recently when releasing its latest Global Wellbeing Survey. The professional services firm surveyed more than 1,100 organisations across 46 countries and multiple industries in collaboration with marketing research firm IPSOS. There is a relationship between wellbeing and a sustainable working life, which can impact company performance, Aon said.

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CFOs warn about job cuts in education sector in next 6 months

CFO News

According to a a survey of 600 CFOs by Coupa, a Cloud-based platform, 100 per cent of CFOs in the education sector responded with "reduce workforce" for actions they need to take in the next six to 12 months to drive growth in the event of a recession, reports Fox Business.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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RBI keeping close watch on top 20 conglomerates

CFO News

The RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.

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Component manufacturers steal the show on auto deal street

CFO News

As electrification catches pace in the world's third largest auto market amid changing strategies of multinational companies, the deal Street in India is only going to get busier, say investment bankers and those in the transaction advisory business.

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Food companies, FSSAI, health institutions differ over front pack labelling proposal

CFO News

Officials of Indian Council of Medical Research (ICMR) and All India Institute of Medical Sciences (AIIMS) are of the view that ratings will be ineffective in curbing consumption of unhealthy foods and direct warning labels would be more effective.

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Adani row: 'Does SEBI need help from investigative agencies' asks ex-RBI governor Raghuram Rajan

CFO News

Ad​dressing the concerns around investigations in the Adani-Hindenburg row, former Reserve Bank of India (RBI) Governor Raghuram Rajan on Sunday questioned why markets regulator SEBI did not get to the bottom of the issues raised by the US-based short-seller and sought to know if it needed help from investigative agencies.

Banking 52
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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Capital crunch hits production of electric 2-wheelers

CFO News

The government is investigating allegations that some electric two-wheeler makers had availed of the subsidy benefit without meeting the condition on the use of local components as specified under Phase 2 of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) programme.

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Women less risky to lend than men: Report

CFO News

A study on new-to-credit (NTC) borrowers shows that the highest proportion of women borrowers has availed of agricultural loans and consumer durable loans as their first credit facility in 2022, it said.

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Adani has $2 bn bonds due for repayment in 2024

CFO News

There are no maturities in 2023 but three issuances - USD 650 million by the ports arm APSEZ and two of renewable energy unit Adani Green Energy Ltd (USD 750 million and and USD 500 million - are due for payment in 2024.

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Ceat, Jindal Power, Private Equity Funds among companies in race for Birla Tyres

CFO News

The National Company Law Tribunal admitted the company under the corporate insolvency resolution process (CIRP) in May 2022 on a petition by chemicals maker SRF after it defaulted on dues of INR 15 crore.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Hero MotoCorp to collaborate with US-based Zero Motorcycles on premium electric bikes

CFO News

In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in California-based Zero Motorcycles, a leading player in electric motorcycles and powertrains.

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Automobile retail sales see double-digit growth in Feb on robust demand

CFO News

"Launch of new models, continuously improving supply, coupled with healthy booking-to-cancellation ratio and wedding bells kept the momentum going for the segment," Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement.

Sales 52
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Confident India's exports will touch USD 750 billion in 2022-23: Piyush Goyal

CFO News

Union minister Piyush Goyal has said that India's overall export figure for last year had already crossed in the month of February and expressed confidence that merchandise and services exports would touch USD 750 billion in 2022-23 (April-March).

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Need to understand market requirement, regulatory perspective: Insurers on IRDAI’s PwD, AIDS move

CFO News

The insurance companies have been asked to put in place a board-approved underwriting policy that ensures that no PwD, persons afflicted with HIV/AIDS, and those with mental illness are denied insurance coverage. Insurers have already started to seek clarity & understand the product through extensive customer research and more.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Ramkrishna Forgings plans investment to setup 85 MW solar capacity: CFO

CFO News

Out of the planned 85 MW green capacity, about 8 MW roof-top solar project will be set up at the company's forging plants at Sariekella and Dugni, in Jamshedpur, he told PTI.

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Marico didn't wait for CSR spending regulation to start making an impact: Harsh Mariwala

CFO News

It's difficult for a founder to step down. But at some stage, I as a founder had to step down. I had built that biz for almost 40 years, says Harsh Mariwala.

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FMCG, dairy firms betting on strong double-digit sales growth this summer season

CFO News

Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory.

Sales 52
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SoftBank's Arm aims to raise at least $8 billion in US IPO

CFO News

SoftBank has picked four investment banks to lead what is expected to be the most high-profile stock market flotation in recent years.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.