Sun.Feb 26, 2023

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Financial services’ AI appetite grows, study says

CFO Dive

Top uses for AI in the financial services sector include ‘next-best action’ systems; portfolio optimization; and fraud detection.

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The Joke

The Reformed Broker

Act I Our hero Josh Brown spends a decade working at a succession of third-tier brokerage firms on Long Island and in New York City. He’s in his early twenties and knows less than nothing about stocks, bonds, mutual funds, investing, the economy, financial advice or anything else germane to the profession. He works for thieves, hustlers, well-meaning know-nothings and the morally compromised, men who will say and se.

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Missing out on compliances is my biggest worry: Bajaj Electricals CFO

CFO News

There is a new tax regime and an old tax regime, and we are also moving to faceless assessment while businesses are still not completely sure whom to contact when their refunds are held up, says EC Prasad.

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Short-term Treasurys: Is it time to go out a little longer?

Tips Watch

Yields could continue to rise, but it may be time to think longer term. By David Enna, Tipswatch.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Product engineering firm Xoriant appoints Nithin VJ as CFO

CFO News

Nithin, previously has worked as the CFO of Wipro’s largest strategic market units - Americas-2, a US $3B division.

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More Trending

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Talent crunch remains a crisis for 9 out of 10 accounting and audit firms globally: Report

CFO News

According to the Caseware International survey report, firms are adopting new technologies at a rapid pace to attract and retain talent, connect with clients and increase insights.

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Beyond Excel : Use Power Query, Power Pivot and Pivot Tables : AFP DIY Automation Video 6

Future CFO

Structuring your data in Excel into a tabular format makes it easier to use Power Query, Power Pivot and Pivot Tables, and that helps you create faster accurate, auditable, dynamic data pulls. Paul Barnhurst presents five rules to power your analysis. The post Beyond Excel : Use Power Query, Power Pivot and Pivot Tables : AFP DIY Automation Video 6 appeared first on FutureCFO.

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Adani in talks for $400m debt against Australian coal port assets

CFO News

Adani family trust-controlled North Queensland Export Terminal (NQXT) is now being considered to help raise funds for the Adani Group, which has lost nearly $150 billion in market value since US short-seller Hindenburg Research published a report late last month that alleged 'fraud' and stock price 'manipulation' by the conglomerate.

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Consumer spending behaviours: People ditch non-essential shopping

Future CFO

When it comes to consumer spending behaviours, holding back on or stopping altogether non-essential buying is the what people do today, according to the 2023 PwC Global Consumer Insights Pulse Survey. The firm said it surveyed 9,180 people across 25 territories worldwide from October 24 to November 16 of 2022 via a 15-minute online quantitative survey on consumer spending behaviours.

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Live Demo - Supercharge your Month End Close

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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Finance ministry raises capex scrutiny to push growth, focus on states' spending

CFO News

The ministry is planning more frequent meetings with various departments to review progress, as it feels intended benefits from the capex push won't accrue unless funds are actually spent and, that too, on time.

Finance 52
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Berkshire Hathaway 2022 annual report

The Reformed Broker

Last year Berkshire Hathaway stock went up 4% while the S&P 500 (including dividends) fell 18%. Berkshire is not always a port in the storm, but it has always made it out of the storm by focusing on the most important things: Free cash flow, profitability, diversification and quality of management. This is how a conglomerate with just a few dozen people in the home office can invest in hundreds of businesses with thou.

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SoftBank, Ant Group discuss Paytm secondary sale to reduce holding in payments firm

CFO News

Paytm’s management including its founder and CEO Vijay Shekhar Sharma are seen to be opposed to a strategic investor coming on board the company.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • What Everyone Got Wrong About the Economy—and the Ominous Implications for the Fed : The central bank’s efforts to tame inflation haven’t worked yet. More pain, and a harder landing, could lie ahead. ( Barron’s ) • A Year of Putin’s Wartime Lies : Every credible analyst of the invasion of Ukraine has been stunned by the scale of the Russian President’s folly—and his failure extends well

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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DoT nod soon for Vodafone Idea's payment plan

CFO News

The company had submitted the plan after the government asked it to provide a tentative date for making the payment as the telco is believed to have paid just around 10% of its statutory dues for the period.

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Greenko Energy to prepay bonds worth $500 million

CFO News

These papers, linked to a "restricted group" of 500MW of renewable assets and issued in 2015, are among the first high-yield bond instruments from India.

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CBIC may consider e-filing of pleas as GSTAT not ready yet

CFO News

The Central Board of Indirect Taxes and Customs (CBIC) is considering allowing e-filling of petitions from aggrieved taxpayers as the setting up of GST Appellate Tribunals (GSTAT) may take another 10 months despite a green signal by the GST Council.

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Focus on capital spending, reforms and tax tweaks helped India become a bright spot: Kristalina Georgieva

CFO News

"As we move forward on consumer protection and protection of financial stability, specifically crypto or unbacked crypto assets, countries have to have the ability to address them, including not taking the threat of a ban off the table.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Bajaj Auto plans production cuts amid uncertainties over exports

CFO News

Multiple people aware of the automaker's circumspect production plans told ET that Bajaj Auto, which makes Pulsar and KTM bikes, is likely to produce around 250,000-270,000 units in March, compared with average production of 338,000 units in each of the first nine months of FY23.

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Only companies investing in digital infra have a future: Parveen Gupta, Former SBI MD

CFO News

Organizations investing in building a robust, safe digital environment will be the ones successful in the future, says Former MD of SBI, Parveen Gupta.

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BDO to hire 25,000 in India over next 5 years: Milind Kothari

CFO News

Professional services firm BDO, which started out in 2013 with two offices and 230 employees, is poised to add another 17,000 employees to its India practice and 8,000 to its global development centre-also in the country--by the end of 2028, according Milind Kothari, its India managing partner.

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Cooling prices may hasten the shift to branded products: FMCG companies

CFO News

Chief executives of several leading listed FMCG companies highlighted in their recent earnings calls that the change in the trend was aided further by price increases by the smaller and regional brands, as well as the unbranded trade, during the peak of inflation.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Government should cut holding in public sector banks to under 50%

CFO News

The panel has proposed an age limit of 65 years for CEOs and wholetime directors of private sector banks. Once implemented, lenders like IndusInd Bank and HDFC Bank would have to identify successors for Romesh Sobti and Aditya Puri in the next two years.

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India's economic growth appears to be very fragile, says RBI monetary policy committee member Varma

CFO News

The Economic Survey 2022-23 projected a baseline GDP growth of 6.5 per cent in real terms for the next fiscal.

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EV industry in India battles high attrition amid demand for talent

CFO News

Demand for talent is not only on in the local manufacturing companies who want to tap the potential market but also global businesses that are investing heavily in India for long-term returns.

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Adani isn't the only Indian tycoon in trouble; there's another storm brewing

CFO News

The next few weeks will be crucial for fundraising. If it fails, the issuer’s B- credit rating, already deep in the junk-bond category, could come under pressure, S&P said this month. Adani’s net debt pile of $24 billion may be three times as large as Agarwal’s, but his bonds are still rated at the lowest rung of investment grade.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.