Wed.Jan 10, 2024

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AR sobriety: How to cut your losses

CFO Dive

Late payments mean your company is effectively loaning money at zero interest. It’s time to tighten your billings and collections systems, Dean Kaplan writes.

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Global business leaders hail PM Modi's vision amid rollout of investment plans

CFO News

Global business leaders hailed Prime Minister Narendra Modi's vision of a developed India as they unveiled their investment plans for the country at the 10th edition of Vibrant Gujarat Global Summit 2024 which was inaugurated by the PM on Wednesday.

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Trending Sources

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Economic growth will slow to 1.6% in 2024 as high rates bite: World Bank

CFO Dive

The most restrictive monetary policy in 40 years will weigh on growth but probably not trigger a downturn this year and in 2025, the World Bank said.

Economics 266
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Sebi's SCORES resolves over 3,000 complaints in December

CFO News

As many as 17 complaints were pending for more than three months on SCORES as of December-end, involving 13 entities related to Motilal Oswal Alternative Investment Trust, Realty Excellence Investment Trust, and UC-RNT Fund.

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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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Apple veteran takes Sonos CFO seat

CFO Dive

Sonos has restructured and cut jobs as it navigates a broader slump in the U.S. consumer technology sector.

More Trending

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Using ‘Magic Wand’ Questions To Help Clients Articulate Financial Needs And Goals (That They Otherwise Struggle To Express)

Nerd's Eye View

In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan. Asking direct queries may elicit vague responses like "I want to be on track for retirement", which tends to lack the detail needed to plan effectively and spark the client's motivation to actually accomplish those goals.

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Roadzen appoints Jean-Noël Gallardo as Global CFO

CFO News

Roadzen strengthens its team with the appointment of Jean-Noël Gallardo as Group CFO, bringing over two decades of expertise to drive financial strategies and oversee expansion.

CFO 52
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AI trends in 2024 finance leaders should look out for

Future CFO

Although the new year has begun, trends in digital transformation seen in 2023 remain and finance leaders must have a deep understanding in such. It is imperative that finance leaders have a good grasp of what's to come in the scene of artificial intelligence as this will impact their decision-making in the finance function. Hani Hagras , chief science officer and head of AI business unit at banking open platform Temenos enumerated trends in artificial intelligence expected in 2024.

Finance 52
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E-way bills rise in December at 95 million after a dip in November

CFO News

E-way bills in December reached 95 million against 87.5 million in November. High e-way bill generation usually indicates high collections of Goods and Services Tax in the following month. Gross GST collections stood at Rs 1.65 trillion in December, slightly lower than the monthly average.

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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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How CFOs can help reduce attrition risk

Future CFO

CFOs, business leaders, and employers can help reduce attrition risk to less than 3% of workers when they prioritise psychological safety, said Boston Consulting Group (BCG) recently. According to the firm’s survey of 28,000 employees across 16 countries, workers who feel safe to speak up in the workplace and take risks without fear of being blamed or criticised report feeling 2.1 times more motivated, 2.7 times happier, and 3.3 times more enabled to reach their full potential at work.

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Polycab plunges 20% as I-T dept detects unaccounted sales of Rs 1,000 crore during raids

CFO News

Shares of Polycab, an electrical equipment manufacturer, plunged 20% after the Income Tax department uncovered unaccounted cash sales of about Rs 1,000 crore during a recent raid on the Polycab group. The CBDT revealed that the group, in collusion with authorized distributors, evaded taxes through unrecorded cash sales. Polycab India denied the allegations, asserting its commitment to compliance and transparency.

Sales 52
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Multi-entity financial management: How to ensure accurate reporting

Centage

Effective financial management is crucial for multi-location businesses as they strive to balance expansion strategies while tightening cost controls, mitigating risk, and optimizing operational efficiency. One of the biggest challenges lies in streamlining management to ensure accurate financial reporting across multiple entities, locations, offices, or profit/cost centers.

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Leverage.biz appoints ex-Apple exec Arjun Mehta as its first CFO

CFO News

Leverage.biz has appointed Arjun Mehta, a seasoned professional from Apple, Revolut, and American Express, as its first CFO. Mehta aims to leverage his expertise for the company's imminent growth phase.

CFO 52
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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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At the Money: Investor Incompetence

Barry Ritholtz

At The Money: David Dunning professor of psychology at the University of Michigan ( Go Blue! ) (January 10, 2024) Investor incompetence might play a larger role in poor performance than you think. That’s thanks to a phenomenon called the Dunning-Kruger Effect. Full transcript below. ~~~ About this week’s guest: David Dunning is a professor of psychology at the University of Michigan.

Economics 111
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India on rise: PM Modi invites world to investment party

CFO News

India is the fifth-largest economy today while it lagged at the 11th position 10 years ago, said Modi in his inaugural address at the 10th edition of the Vibrant Gujarat Global Summit in Gandhinagar. "Experts can analyse this, but I guarantee that India will become the third-largest economy." He said India had become a ray of hope for the world at a time of multiple geopolitical instabilities.

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Triumphing over insolvency risks in 2024

Future CFO

A look back at 2023 and it becomes clear that persistent challenges were the norm for much of the year – be it in the form of social, geopolitical or economic. Among such challenges in the market include insolvencies, denoting the state of financial distress wherein a business is unable to pay its debts. Insolvency pertains to a point when liabilities are greater than the value of the organisation, exceeding the value of the company’s assets, and when a debtor cannot pay the debt it owes.

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Central Board of Indirect Taxes & Customs app to cut litigation time

CFO News

Named 'Samay', the app will capture all the pending orders across levels from adjudicating officer to the Customs, Excise and Service Tax Appellate Tribunal (Cestat) to High Courts, and reflect the pendency of review orders that are either under process at various levels or awaiting processing at the commissionerate level. The initiative will greatly reduce the litigation time, CBIC officials said.

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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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Safeguarding against payment fraud

Future CFO

Amidst the digital transformation, it is imperative that chief financial officers know the way around the challenges of safeguarding against payment fraud. All these while propelling their organisation towards a technologically advanced future. To do such feat, financial leaders must learn how to tackle fraud and be able maximise what technological advancements of today have to offer.

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Retailers Association of India recommends lower taxes to boost the consumer sentiment

CFO News

“There is a need to provide lower interest rate to the retailers through the special announcement in the budget to assure easier financing for the Retail businesses. The government should allocate a special fund and formulate a special trader finance scheme with SIDBI to help millions of independent retailers across the nation by declaring low-cost loans and relaxing some industry guidelines,” RAI has said.

Retail 52
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Indians may get the highest pay hikes in Asia-Pacific region this year: Survey

CFO News

In the Asia-Pacific region, Vietnam comes a far second, with a 6.7% median pay hike expected in 2024 (6.8% in 2023), followed by Indonesia with 6.5% (6.4% last year), according to the survey. Employees in Japan are likely to get the lowest increment at 2.5% (2.7% last year).

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Govt appoints Rajay Kumar Sinha as new member finance at IRDAI

CFO News

The government has recently announced the appointment of Rajay Kumar Sinha as the member of finance and investment at the Insurance Regulatory and Development Authority of India (IRDAI). Sinha, who is currently serving as the MD and CEO of SBI Capital Markets Limited (SBICAPS), will hold the position for a duration of three years from the date of assuming charge.

Finance 52
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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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Companies are taking steps to boost gender diversity

CFO News

Companies are taking various measures to increase the gender diversity numbers. These include hiring more women from campuses, offering flexibility at work and adding more women in leadership, HR heads and staffing sector experts said.

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India to be a $5 trillion economy by FY28; reach $30 trillion by 2047: FM

CFO News

India is set to become the third largest economy by 2027-28, according to Finance Minister Nirmala Sitharaman. With a projected GDP of over USD 5 trillion, India's economy is expected to grow significantly in the coming years. Sitharaman also mentioned that even with conservative estimates, the Indian economy will reach USD 30 trillion by 2047.

Finance 52
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Apple’s senior executive set to quit to join as Sonos CFO

CFO News

Saori Casey, a long-time finance executive at Apple, will be leaving the tech giant to become the CFO at Sonos. Bloomberg reports that Casey will start her new position on January 22, replacing Eddie Lazarus, who will become the Chief Strategy Officer at Sonos. Casey has over 12 years of experience at Apple and previously worked at Cisco for 15 years.

CFO 52
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India is 'coolest party in town' for all global investors: Zerodha Co-Founder

CFO News

​ Global investors face the risk of losing out if they arrive too late in India, which is the "coolest party in town", discount brokerage Zerodha Co-Founder & CFO, Nikhil Kamath, said on Wednesday.

CFO 52
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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.