Wed.May 03, 2023

article thumbnail

Yes Bank partners with Cashfree Payments to offer international payment collection service to Indian exporters

CFO News

The joint product allows global collections in more than 30 currencies up to the equivalent of $10,000.

article thumbnail

Guess taps Hugo Boss alum for CFO seat

CFO Dive

The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.

CFO 265
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Press Pause

Barry Ritholtz

At least they told us what they were going to do. As much as critics of the Federal Reserve have been up in arms over the fastest rate hiking cycle in modern history, no one can claim it to be a surprise. Jerome Powell & Co. have continually warned that they are aggressively fighting inflation with a 5% target. They said it in Fed minutes, they said it in pressers, they said it in speeches; we just took them figuratively, not literally.

141
141
article thumbnail

Fed hikes main rate while ‘highly attentive to inflation risks’

CFO Dive

The central bank increased borrowing costs even though the failure of First Republic Bank has rekindled concerns about banking system instability.

Banking 204
article thumbnail

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.

article thumbnail

10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • This company adopted AI. Here’s what happened to its human workers : Economists found AI caused a group of workers to become much more productive. Backed by AI, these workers were able to accomplish much more in less time, with greater customer satisfaction to boot. At the same time, however, the study also shines a spotlight on just how powerful AI is, how disruptive it might be, and suggests that this new, astonishing technology could have economic effe

More Trending

article thumbnail

Tech M CFO says technology investments to continue, upskilling top focus

CFO News

Rohit Anand says hiring would be in line with the revenue and the demand environment even as efforts would be on driving programs in training initiatives to get more success at redeploying people with skills in emerging technologies.

article thumbnail

Tesla details its supply chain emissions for the first time

CFO Dive

The EV maker released an estimate of its Scope 3 footprint, while also delving into its efforts to source minerals responsibly.

144
144
article thumbnail

Level Up Your Corporate Finance Team with ERP Banking

FISPAN

In today's fast-paced business environment, it's crucial for companies to utilize the skills of their teams effectively. Aligning team members in the right way not only saves time and money, but also helps organizations reach their goals. Enterprise Resource Planning (ERP) Banking has become a critical tool in this effort.

article thumbnail

Apple Opens High Interest Savings Accounts

Global Finance

After disrupting most of the tech and digital world over the past few decades, Apple is now turning to the banking sector. The Cupertino, California-based iPhone maker recently teamed up with Goldman Sachs to launch a high-yield savings account, promising.

article thumbnail

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.

article thumbnail

Auditor named in Hindenburg report resigns from Adani Total Gas

CFO News

Shah Dhandharia & Co, has resigned as the statutory auditor of Adani Total Gas with effect from May 2, the company said in a regulatory filing.

98
article thumbnail

HSBC’s Future Is On The Line

Global Finance

Ping An Insurance of China, one of the world’s biggest insurers and a major HSBC stakeholder, has been pushing for a break-up of the Group’s Asian and UK operations.

87
article thumbnail

Foster More Productive Client Meetings By Mitigating Interruptions Based On (Conversational) ‘Intensity Level’

Nerd's Eye View

While interruptions within conversations occur frequently, the type of interruption can affect the content and flow of the dialogue that follows. For instance, if an interlocutor interrupts a speaker with a totally unrelated question or line of thought, the interruption not only has the potential to frustrate the speaker but can also cause them to lose their train of thought.

article thumbnail

EY Scraps Breakup Plans—For Now

Global Finance

EY, one of the “Big 4 Four” auditors, is postponing plans to split its auditing and consulting units. The firm’s global executive committee remains “committed to creating two world-class organizations that further advance audit quality, independence and client choice.” Codenamed.

article thumbnail

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

article thumbnail

Azure Power Global appoints ex-Schneider exec Sugata Sircar as Group CFO

CFO News

Sircar has over 32 years' experience, of which more than 20 years have come as CFO.

CFO 98
article thumbnail

Private Equity’s Dry Powder

Global Finance

PE firms are attempting to navigate a barren M&A landscape, with trillions in capital ready to deploy. But where?

82
article thumbnail

IL&FS fraud case: Supreme Court allows SFIO to prosecute auditors

CFO News

The Supreme Court has overturned a Bombay High Court ruling to allow the Serious Fraud Investigation Office to resume criminal proceedings against BSR & Associates and Deloitte for their role in the near-collapse of India's IL&FS Group in 2018. The auditors had failed to detect the conglomerate's financial inconsistencies, the SFIO had claimed.

52
article thumbnail

Softbank Continues Arm Wrestle

Global Finance

To help beef up Arm’s potential earnings ahead of an IPO, Softbank appears to be tinkering with Arm’s unique selling point.

75
article thumbnail

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.

article thumbnail

Fed hikes rate by 25 bps but signals possible pause in tightening cycle

CFO News

The increase lifted the Fed’s benchmark federal funds rate to a target range of 5% to 5.25%, the highest level since 2007, up from nearly zero early last year. The vote was unanimous. US equities maintained gains, while Treasury yields and the dollar declined.

article thumbnail

Thailand employers progress on work flexibility

Future CFO

Thailand employers progress faster than global peers in terms of work flexibility, said Mercer recently when releasing results of its Global Talent Trends Study 2023. According to the study, 61% of Thailand employers surveyed offer flexible work options for all employees, higher than Asia (50%) and Global (56%) averages. Study highlights To combat the impact of inflation, more Thailand employers (27%) adjusted pay or offered cost-of-living adjustments to employees paid below the market median, c

article thumbnail

Not all rainbows and unicorns: Over half the employees of top 24 startups explore new jobs

CFO News

More than half of the employees at India's top 24 unicorns are seeking jobs elsewhere as they fear increasing job insecurity and possible layoffs, according to a survey commissioned by ET. The 24 unicorns, 12 of which have the highest profitability and 12 with the highest headcount, collectively employ over 240,000 white-collar workers.

article thumbnail

Maximizing Value in Private Equity Investments 

E78 Partners

Leveraging E78’s Comprehensive Due Diligence Process Due diligence is a critical aspect of private equity investments, as it allows investors to thoroughly evaluate potential opportunities and mitigate the risks associated with their investments. E78 Partners is a leading professional services firm, specializing in comprehensive due diligence services by leveraging our expertise across Technology, Financial Services, and Private Equity teams.

article thumbnail

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.

article thumbnail

Bombay High Court appoints arbitrator in Max Healthcare vs Care Hospitals dispute

CFO News

The Bombay High Court has appointed retired Justice SJ Kathawalla as a sole arbitrator for a dispute between Max Healthcare Institute and Care Hospitals. The move came after Max Healthcare cited a breach of term sheet clauses and a commercial agreement, as well as contractual rights. Max Healthcare had given a non-binding offer to TPG. The Max offer valued Care Hospitals at INR37bn ($496m), excluding Bangladesh assets.

article thumbnail

Meet the Maestros – Customer Series – Urban Ventures

Centage

with Renee Sherman, Vice President of Finance Seamless Integration and Greater Detail Leads to Better Scenario Planning for Personnel Q: Can you tell us a little about your organization? Urban Ventures is a nonprofit social services organization that provides ‘cradle-to-career’ support for youth and families in one of Minneapolis’ most under-resourced neighborhoods.

article thumbnail

Ajay Banga appointed World Bank President for five-year term

CFO News

Banga, now a US citizen, currently serves as vice chair of General Atlantic, a U.S. private equity firm. He also serves as co-chair of the Partnership for Central America, where he worked closely with U.S. Vice President Kamala Harris to mobilise public, private and non-profit resources for Northern Central America.

Banking 52
article thumbnail

895: Learning to Manage Upward | Paul Sheriff, CFO, NewDay

CFO Thought Leader

Back in 2006, when Paul Sheriff had only recently been named group financial director for a midsize banking business based in the United Kingdom, his team noticed that the profit margins of a certain banking product were experiencing a steady decline. What’s more, the customers being drawn to the product were deemed to be at “higher risk” than the bank’s other customers.

CFO 52
article thumbnail

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.