Thu.Jul 06, 2023

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Wise CFO nets larger pay than CEO

CFO Dive

CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO also leaving for a planned sabbatical in September.

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Understanding the Importance of Financial Modeling: Should You Build a 3-Year Model?

CFO Selections

“How do you build a three-year financial model?” It’s a question we get (and answer) a lot. A financial model is a type of financial projection that pulls together important data to allow organizations to analyze their current financial position and predict their future financial position. While effective financial modeling takes significant time and expertise to complete, the considerable benefits provided make it well worth the investment.

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M&A plunges 37% during first half of 2023: WTW

CFO Dive

Buyers facing tight credit and high interest rates will subject potential acquisitions to intense scrutiny in coming months, WTW said.

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Torrent Power former CFO Lalit Malik joins Varun Beverages

CFO News

Lalit Malik resigned from Torrent Power on April 13, 2023, as per the company filings. As per the sources close to the development, he joined Varun Beverages in May 2023.

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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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Uber competitor Bolt appoints new CFO

CFO Dive

As the Estonian ride-hailing company looks ahead to an IPO in 2025, Mikko Salovaara, former CFO of Revolut, takes the financial helm.

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More Trending

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Pot supplier MedMen names new CEO, CFO

CFO Dive

The struggling cannabis retailer named its fifth CEO in three years and seventh CFO in five years.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • The global stock market rally isn’t as narrow as you think : “If you assign equal weights to the MSCI Europe, Japan and the US indices, this is the best start to a year since 1998, Lapthorne notes. In dollar terms the Nikkei 225 is off to its best start since 1999.” ( Financial Times ) • Meta’s ‘Twitter Killer’ App Is Coming : Meta, which owns Facebook and Instagram, teased a new app called Threads that is set to take on Twitter for real-time digital con

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How to position your organization ahead of FTC’s noncompete rule

CFO Dive

Even without knowing what the Federal Trade Commission's final noncompete ban will look like, there are steps GCs can take to be ready.

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SAMIL may pace up acquisitions, capex at Rs 3,000 crore in FY24: CFO Kunal Malani

CFO News

Motherson: The auto parts maker aims to reach $36 billion in revenue by FY25 with 40% ROCE (return on capital employed), says Malani.

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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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Ransomware the most widespread malware-as-a-service 

Future CFO

CFOs and business leaders need to be aware that ransomware had become the most widespread malware-as-a-Service between 2015 and 2022. According to a study by Kaspersky , 58% of malware-as-a-service were ransomware in the said period. The study is based on research conducted on 97 malware families distributed on the dark web and other resources, the firm noted, adding that the researchers found that cybercriminals often lease infostealers, botnets, loaders, and backdoors to carry out their attack

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HDFC Bank: Bigger and stronger

CFO News

A bigger HDFC Bank will command a stronger presence and credibility, enabling it to raise capital with greater ease both domestically and internationally. This enhanced financial standing will allow it to explore growth opportunities, invest in technological advancements, and pursue strategic initiatives that may have been challenging for individual entities to undertake.

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You Have Chosen Wisely: Make a Trademark Search Part of Choosing a Name for Your New Business

CFO Simplified

Perhaps not quite as significant as Harrison Ford’s character’s choice in Indiana Jones and the Last Crusade , choosing a name for your new business nevertheless is an important decision. If you choose wisely, your name will resonate with your customers, build goodwill for years to come and avoid conflicts with third parties — the Holy Grail of name immortality.

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NCLT adjourns Sony-Zee merger case to July 10

CFO News

Appearing for Zee Entertainment Enterprises Limited (ZEEL), Senior Advocate Janak Dwarkadas said that the scheme of arrangement between ZEEL, Culver Max Entertainment (Sony) has been approved by 99.97% of shareholders of the company and regulatory bodies like the BSE, NSE, and the Competition Commission of India (CCI).

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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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Pros and Cons of Business Continuity Planning

Spreadym

Before moving on to consider what the pros and cons of Business Continuity Planning are, let's learn what it is. Business Continuity Planning is a proactive approach taken by organizations to ensure their essential functions and operations can continue or be quickly restored in the event of a disruption or disaster. It involves developing strategies, procedures, and plans to effectively respond to and recover from various incidents, such as natural disasters, cyber-attacks, power outages, or oth

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Aster Healthcare's promoters in talks with private equity groups, look to sell India business

CFO News

Aster DM Healthcare’s founder Azad Moopen is in talks to sell a controlling stake in the India-listed hospital company to private equity firms including Blackstone and KKR. The company operates 32 hospitals in West Asia and India, as well as clinics, pharmacies, laboratories and patient experience centres. The discussions are preliminary and focus on a reverse merger with Care Hospitals, though both funds reportedly want a controlling stake or agreed path to control.

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The Day Lehman Brothers Fell | Chuck Fisher, CFO, Turo

CFO Thought Leader

GUEST CFO: Chuck Fisher of Turo 911: Moving the Needle | Chuck Fisher, CFO, Turo 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 without any engineering support.

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No evidence suggesting slowdown in Indian economy: Finance ministry

CFO News

"A strong final quarter performance pushed the GDP growth for the full year to 7.2 per cent, higher than the 7 per cent estimated in February. This upside to the growth estimate takes the growth momentum deep into the current year," said the finance ministry report.

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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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The Emotions Surrounding Cash Flow

CFO Simplified

What is the one thing that most business owners fear they’ll run out of? It’s cash. But despite the stress that this can create, there is probably something even more concerning: the emotions surrounding cash flow as it relates to payroll. There is nothing more important to you — or your employees — than payroll. Some employees check their bank account every payday to assure that they got paid.

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Centre for Policy Research loses tax exemption status, to move ITAT

CFO News

"On 30 June 2023 the Centre for Policy Research (CPR) received intimation from the Income Tax department withdrawing its Tax exemption Status under Section 12A of the IT Act, 1961," CPR said in a statement. In September last year, the Income-Tax Department conducted searches at the premises of the institute located near Malcha Marg in central Delhi.

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Managing Customer Credit

CFO Simplified

Managing customer credit for a new client can be painful. Sales wants the deal almost no matter what, while Accounting wants to make sure that it can collect. Those counterbalancing forces are always at work. Companies need to put a procedure in place to make sure that someone is watching the store. Credit policy is not a simple matter and shouldn’t be taken lightly.

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US renews audit inspection of China firms: Report

CFO News

The inspection, part of an agreement signed last year, comes amid rising tensions between the United States and China, including U.S. consideration of export controls on artificial intelligence chips to China.

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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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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Delta, Vertex, Cooper & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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BSE approves share buyback of up to Rs 374 crore at 20% premium

CFO News

The buyback will be executed through a tender offer route on a proportionate basis, using the mechanism for the acquisition of shares through the stock exchange. The company will buy back about 45,93 lakh equity shares, representing 3.39% of the total equity as on March 2023.

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vcfo Dallas Team Grows with Addition of Joe Williams, Consulting CFO

VCFO

Joe Williams is warmly welcomed to the vcfo team as a Consulting CFO in the Dallas market. Bringing with him more than 25 years of experience, Joe is entrepreneurially spirited and works with business leaders to develop new strategies, models, and streamline processes that build profitability. At the operational level, Joe is respected as a dynamic, roll-up-his-sleeves leader.

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GST Council to tighten registration rules; physical verification to be mandatory in 'high risk' cases

CFO News

In order to check fake registration, the GST Council is likely to reduce the time period to 30 days, from 45 days currently, for submission of PAN-linked bank account details of the person seeking registration with tax authorities. The Council, in its meeting on July 11, is likely to provide for mandatory physical verification of the business premises of "high risk" applicants before granting of GST registration.

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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.