Mon.Nov 27, 2023

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Why CFOs need to improve the employee T&E experience

CFO Dive

On a day-to-day basis, the finance function is tasked with meeting the company’s accounting responsibilities — ensuring sound budgeting and forecasting. But increasingly, CFOs and their teams require a new focus on prioritizing employee experience.

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The “Art” of Market Timing

Barry Ritholtz

This weekend Jeff Sommer discussed a DFA research paper on market timing; both are well worth your time to read. The broad strokes are: Market timing is extremely difficult, very few people (if any) do it consistently well. Not only are the odds stacked against you, but very often systems that have successfully timed the market have been simply lucky, and do not succeed in out-of-sample tests.

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4 CFO tips for spurring growth through innovation: McKinsey

CFO Dive

More than eight out of 10 CEOs believe innovation is key to outperformance, but only 6% are satisfied with their companies’ track record in creativity, McKinsey said.

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Quess CFO sees no major slowdown next two quarters, bullish on BFSI & manufacturing hiring

CFO News

Quess Corp anticipates sustained growth, with a focus on hiring in BFSI and manufacturing, despite a decline in conventional IT services, as stated by Group CFO Kamal Pal Hoda. He also highlights robust financial performance in Q2FY24 and shares the growth and financial targets of the company for the upcoming quarters.

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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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Structure matters: How ITC transfers mitigate risk and maintain compliance

CFO Dive

The Investment Tax Credits (ITC) transfers are a powerful new tool for corporations to manage their tax liability. However, executing ITC purchases requires robust due diligence, structuring and insurance to de-risk each transaction.

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Creating a ‘poachable’ talent culture: TAB Bank CFO

CFO Dive

Making one’s own employees competitive to other organizations can help to foster a strong, loyal talent base, TAB Bank CFO Boyd Hunter says.

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Commerce ministry working to remove trade barriers, boost exports in sub-Saharan Africa, Gulf nations

CFO News

The major trading partners of India in that region in 2022-23 were South Africa (total trade USD 18.9 billion, exports USD 8.5 billion); Nigeria (USD 11.85 billion, exports USD 5.15 billion); Togo (USD 6.6 billion, exports USD 6 billion), and Tanzania (USD 6.5 billion, exports USD 3.93 billion).

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AI developers, led by OpenAI, raise over $50B

CFO Dive

ChatGPT maker OpenAI currently leads the pack with $11.3 billion in funding, as the tech sector’s rising star also faces a host of challenges.

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CFOs are now expected to be Chief Value Officers, says head of Association of Chartered Certified Accountants

CFO News

CFO: Large businesses should invest in SMEs to be compliant with the mandated sustainability framework, says Helen Brand.

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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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Pagaya CFO exits, deputy steps up

CFO Dive

Michael Kurlander, who brought decades of Wall Street experience to Pagaya, is leaving the technology firm after just over two years in the CFO seat.

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Unlocking Growth: The Strategic Power of Debt as Financial Leverage

VCFO

Debt, often perceived as a financial burden, is a powerful tool when strategically employed. Frequently referred to as leverage, debt has the potential to fuel growth, drive strategic initiatives, and propel businesses to new heights. In this exploration, we’ll unravel common misconceptions surrounding debt, highlighting its strategic benefits, and providing comprehensive examples of how it can be a catalyst for continued growth and accelerated strategy.

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How Financial Advicers Can Write, Publish, And Distribute Their Own Book To Create A More Effective Impression On Prospective Clients

Nerd's Eye View

One of the main goals of financial advisors who market themselves is to build a foundation of trust with their prospective clients so that they feel comfortable in discussing often-sensitive financial topics and ultimately acting on the advisor's recommendations. The challenge, though, is that advisors usually have only a short amount of time to build this trust, and while advisors can use different channels (e.g., their websites, newsletters, and social media) to demonstrate their expertise, th

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How QRIS is revolutionising cross-border payments in the ASEAN region

Future CFO

Technological advancements over the recent years have been proven to make life easier for people in making payment transactions as this offers flexibility for them. Through the newest advances in technology, transactions can now be made wherever the customers are, without the need to carry cash in their wallets. Among such advancements is the Quick Response Code Indonesian Standard or QRIS, which is a digital payment standard that employs QR codes to facilitate cashless transactions.

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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.

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Adani Group stocks surge up to 20%. Here’s why

CFO News

The top gainer in the pack was Adani Total Gas which was up nearly 20% in the early trade and was followed by Adani Energy Solutions which had shot up 13%. Nifty stocks Adani Enterprises and Adani Ports and Special Economic Zones were also up 4% and 3%, respectively around this time.

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Winning the digital transformation race

Future CFO

The business world is undoubtedly currently on a race to maximise digital technology advancement, with leaders pondering on the best ways to win. Skills are critical for digital business success and finance leaders need to ensure the organisation has access to the resources required to develop and defend their competitive advantage and to achieve their strategic objectives, according to Dan Bieler , principal analyst at Forrester.

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FMCG companies chart fast-moving sales growth path for kiranas to beat retail slowdown

CFO News

General trade remains the mainstay of FMCG sales in India, despite the surge in ecommerce in the past three years since the outbreak of Covid-19 and high growth of modern trade led by retail chains such as Reliance Retail and D'Mart.

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IFRS 17 disclosures improvements needed: FRC

Future CFO

The Financial Reporting Council (FRC) calls for IFRS 17 disclosures improvements in its recently published IFRS 17 'Insurance Contracts' thematic review. The review assessed disclosures made by a sample of interim financial statements of ten companies against the requirements of the accounting standard in their first year of application, the accounting body said.

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Finding “The One:” The Ultimate Guide to Selecting Financial Software

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

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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ZEEL spends ?176 cr on merger-related expenses

CFO News

The merger agreement, which has received all the requisite regulatory approvals, is stuck due to Sony's insistence on having its own executive SPNI MD & CEO, NP Singh, as the CEO of the proposed Sony-Zee joint entity since Punit Goenka, who is currently the MD & CEO of ZEEL, is still under investigation from the Securities Exchange Board of India (Sebi).

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The Mentoring Round | Peter Benevides, CFO, Olo

CFO Thought Leader

954: The Job Became His for the Asking | Peter Benevides, CFO, Olo The post The Mentoring Round | Peter Benevides, CFO, Olo appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Vodafone Idea may miss December deadline for fundraise

CFO News

According to the officials, Vi continues to be in discussions with the potential investors, including in the US, to raise fresh capital by issuing equity and equity-linked instruments. The telco has said that bank lending will follow soon after the equity fundraising is finalised.

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10 KPIs to Track Business Performance

The Finance Weekly

Why KPIs are Important to your Business? In managing a small business, it's important not to rely solely on your intuition. Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. This ensures that decisions are based on information and data.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Maruti Suzuki, M&M, Audi plan price hikes in January

CFO News

Several automakers in India, including Maruti Suzuki, Mahindra & Mahindra, and Audi India, have announced plans to increase the prices of their passenger vehicles in January 2024. Tata Motors and Mercedes-Benz India are also considering price hikes. The reasons cited include overall inflation and increased commodity rates, leading to cost pressures.

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Scaling smarter: how to optimize resources with capacity planning software

Cube Software

The importance of strategic capacity planning Capacity planning is a strategic process used to determine the resources (such as manpower, equipment, and facilities) required to meet future workload demands. The primary goal of capacity planning is to ensure that these resources are available at the right time and in the right quantity to meet the needs of the business while maintaining cost efficiency.

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LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance

CFO News

State-owned LIC (Life Insurance Corporation), the promoter of IDBI Bank, plans to retain a portion of its stake in the bank to continue benefiting from bancassurance. While both the government and LIC will divest their stakes in IDBI Bank, LIC Chairman Siddhartha Mohanty stated that they intend to keep some stake to maintain the bancassurance partnership.

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Why Cube is invested in the future of FP&A

Cube Software

In the last few years, spreadsheets have seen a plethora of extremely exciting updates to make them even more powerful. Everything from lambda functions to the latest AI updates for analyzing data has made them only more powerful as the core tool for any finance team to move quickly and effectively. Looking at what's ahead, we at Cube are constantly asking ourselves how we can work alongside these updates to make the lives of FP&A teams even easier.

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2024 Payroll Calendar Templates

These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.

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India braces for a Rs 50,000 crore rise in its subsidy bill for FY24

CFO News

Subsidy outgo for FY24 had been budgeted at ₹4.03 lakh crore, but may shoot up to ₹4.53 lakh crore. However, even this stretched welfare spend would be far less than the previous fiscal's subsidy bill of ₹5.62 lakh crore.

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A CFO Finds Traction Solving The Almond World’s Labor Equation

CFO Thought Leader

As California’s 2023 almond harvesting season nears its end, the management of Monte Vista Farming Company has begun to turn its attention from the almond producer’s seasonal flow of “almonds in” and “almonds out” to people and operations. “After what we pay our growers for the almonds, our number one cost becomes labor,” explains Mark Lampe, who joined Monte Vista as CFO back in late 2021, just after the company had opted to convert roughly 100 contract laborers to full-time employees.

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MapmyIndia board approves Rs 500 crore fundraise plan

CFO News

CE Info System, which operates under the brand name of MapmyIndia, will need to seek shareholders' nod and other statutory approval before fundraising through equity dilution.