Thu.Jul 13, 2023

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As margins tighten, CFOs are split on FinOps: CloudBolt

CFO Dive

FinOps has gone mainstream as a way to reduce complexity and cost of cloud management. Finance leaders are still waiting to see benefits from implementing the practice.

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SEBI’s new BRSR Core for ESG Disclosures to increase compliance burden, say experts

CFO News

In order to ensure that companies are mindful of how they are integrating their value chain into the sustainability and ESG policies of their organization SEBI has introduced the BRSR Core Framework for assurance and ESG disclosures for top 1000 companies in a phase-wise manner in the next three financial years.

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Trending Sources

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KPMG to spend $2B in expanded AI alliance with Microsoft

CFO Dive

The expanded partnership could help unlock potential incremental growth opportunities for KPMG of over $12 billion, the firm said.

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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge. ( Businessweek ) • Inflation Cools Sharply in June, Good News for Consumers and the Fed : The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.” ( New York Times ) see also Inflation drops to lowest le

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Fed touts FedNow’s fraud tools

CFO Dive

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

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More Trending

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Kitces & Carl Ep 116: Getting Training As (Or For) An Associate Advisor To Talk More In Client Meetings

Nerd's Eye View

Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built. For many who are new to the financial planning profession and who have no experience working with clients, participating in client meetings can trigger feelings of anxiety, especially for those who share the common fear of public

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Sachin Bansal-led Navi lays off 150-200 employees amid delayed IPO

CFO News

"Around 200 employees have been fired across all departments. 60-70 per cent have been impacted in the product development and management section," one of the sources said.

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Employee performance: 10% investment return growth brings 3.8% work output drop

Future CFO

When it comes to employee performance, a 10% increase in monthly stock investment returns leads to 3.8% decrease in work output, said Hong Kong Baptist University’s School of Business recently. According to a HKBU study, stock market investment has been a favoured source of passive income for a while and constitutes a significant portion of household incomes worldwide.

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Jobs scandal code of conduct violation, not systemic failure: TCS CEO K Krithivasan

CFO News

The $27.92 billion Indian IT company expects the demand environment to be muted. Customers are reassessing technology spends and postponing non-critical engagements, he told Romita Majumdar and Surabhi Agarwal in an interview.

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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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The Crucial Role of Data-Driven IT Due Diligence for Private Equity Firms

E78 Partners

In the fast-paced world of private equity, making informed investment decisions is paramount to success. To gain a competitive edge and maximize returns, private equity firms are increasingly relying on data-driven IT due diligence. A survey conducted of 100 PE leaders published in 2022, 70% said they’ll use more data during the diligence process. Data-driven IT due diligence refers to the systematic process of evaluating and analyzing the technology infrastructure, systems, and capabilities of

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TCS can be imposed on payment service providers for online gaming: Revenue secretary Sanjay Malhotra

CFO News

The Goods and Services Tax (GST) Council has decided to impose a 28% GST on online gaming when any form of wagering is involved. Industry insiders disagree with the move, stating it will harm foreign direct investment (FDI) and employment prospects. The government countered by saying it has a moral and social obligation to limit the impact of wagering, addictive behaviour and protect tax revenues.

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Clips From Today’s Halftime Report

The Reformed Broker

Ray Romano on possible actors’ strike: Contracts need be updated to protect writers and actors from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Azure Power Global’s auditor resigns ahead of deadline to disclosure FY22 results

CFO News

The offshore bondholders of CDPQ and the Canadian pension fund Ontario Municipal Employees Retirement System (OMER) backed Azure have appointed Akin Gump Strauss Hauer & Feld as their advisor over concerns of technical default triggered by the delisting of stock, as reported by ET on July 6.

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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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Investor Portal: Must-have Tool for Investors

Financial Analyst Insider

Investor portals are far from being just a fancy add-on. In 2023, they are more of a necessity in the high-speed world of modern investing The post Investor Portal: Must-have Tool for Investors appeared first on Financial Analyst Insider.

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Finance ministry not considering tax waivers for Tesla, says Revenue Secretary

CFO News

Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country, adding that such an announcement was expected soon.

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Welcome Mathew Cobbett

Focus CFO

Matt Cobbett is a fractional CFO in the Detroit Metro Area, bringing strategic financial consultation to SMBs in Ann Arbor and surrounding areas. Matt is an experienced senior executive for small and mid-sized companies. He has helped found companies, raised investor capital, established commercial operations, built sales and marketing teams, managed human resources, developed finance operations, and managed P&L responsibility.

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Fractional realty ownership platform hBits gets nod to raise Rs 500crore via AIF

CFO News

Indian fractional real estate platform hBits has secured the first fund of its kind by raising more than INR5bn ($67.4m) for its commercial real estate investment scheme. The company's AIF will invest in offices, hospitals, retail space, data centres and warehousing projects.

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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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Welcome Nick DeMao

Focus CFO

Nick has over 28 years' experience in financial and operational management in a multi-store regional home improvement center chain. He spent fifteen years with a small consulting engineering firm specializing in the coal preparation industry, including start-up responsibility for the process control division and partnership in a spinoff entity. Nick has prior experience in information technology from programming through the director level role.

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India's wholesale inflation contracts at a faster clip of 4.12% in June

CFO News

India’s wholesale price-based inflation declined 4.12 per cent in June on an annual basis from a contraction of 3.48 per cent in May, the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry stated on Friday.

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?LookOut wins Trade Surveillance Product of the Year at Risk Technology Awards 2023

Reval

​London, 13 July 2023: ION, a global provider of trading, analytics, treasury, and. The post ​LookOut wins Trade Surveillance Product of the Year at Risk Technology Awards 2023 appeared first on ION.

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Tomato and Thalinomics

CFO News

The inflation data released this week shows retail inflation in June jumping 50 basis points to 4.81% over 4.31% posted in May. The reason is vegetable prices and specifically tomatoes.

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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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3 Financial Issues Small Businesses Face

CFO Share

Small businesses face continuous financial challenges. Some challenges are good (e.g., how do we achieve revenue optimization?), while others are difficult (how do we find money for unforeseen expenses?) At our fractional CFO firm , we believe there are three primary financial issues that small businesses face: Planning growth through uncertainty. Detecting downturns quickly and managing them successfully.

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Former SBI chairman Rajnish Kumar, ex-Infosys CFO Mohandas Pai join Byju’s advisory council

CFO News

These appointments come after Byju’s three key investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–resigned from the board leaving only Raveendran, cofounder Divya Gokulnath and Riju Ravindran on the board.

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The Challenge of Keeping Customers Engaged | David Parsons, CFO, Zuto

CFO Thought Leader

CFO GUEST: David Parsons of Zuto 915: Where Finance Always Comes First | David Parsons, CFO, Zuto CFO GUEST: David Parsons of Zutu MADE POSSIBLE BY LEDGE | Ledge is a command center for payments built for finance teams operating at scale. Ledge empowers finance teams with tools to centralize their payments data, get a real-time payments snapshot, automate multi-way reconciliation, identify problem transactions, accelerate their investigations, and dramatically lower the risk of losses, all witho

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Healthtech Startup Fitelo appoints ex-RenewBuy executive Gautam Bansal as CFO

CFO News

Bansal's appointment comes in a little over a year since the startup last raised $1.5 million during May 2022 in a pre-series A round. Bansal told ETCFO about the appointment which was later confirmed by the company.

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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.