Wed.Sep 13, 2023

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Grayscale CFO says FASB met the crypto moment

CFO Dive

Ed McGee’s praise for the new crypto rules comes as the digital asset manager is battling the SEC to launch the first bitcoin exchange-traded fund.

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EY reports global revenue of $49.4 billion, a 14.2% jump

CFO News

Consulting grew fastest at 21.6% to $16.1 billion, followed by tax practice which grew 12.2% to $12.01 billion. Assurance business grew 11% to $15.1 billion. Strategy and transactions grew 8.4% to $6.01 billion.

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Trending Sources

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BP CFO steps into breach after CEO resigns

CFO Dive

A CEO scandal has opened the door for CFO Murray Auchincloss to take over the company on an interim — and possibly permanent — basis.

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U.S. inflation rose 0.6% in August; what does it mean for TIPS, I Bonds and Social Security?

Tips Watch

By David Enna, Tipswatch.com As expected, rising gasoline prices pushed U.S. inflation higher in August, rising a seasonally-adjusted 0.6% for the month and increasing 3.7% year-over-year, the Bureau of Labor Statistics reported today.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Inflation exceeds forecasts as fuel prices surge

CFO Dive

Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after a monetary policy meeting next week.

More Trending

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Brookings’ Klein calls for regulators to speed up ‘tepid’ FedNow adoption

CFO Dive

It’s risky to rely entirely on market forces to drive the use of the Fed’s new instant payments service, says Brookings Senior Fellow Aaron Klein.

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Why The Common Approach Of “Think It Over” Might Work For Product Sales, But Undermines Service-Based Financial Planning Relationships

Nerd's Eye View

For many financial advisors, encouraging new prospects to "think it over" at the end of an initial meeting can seem like a gentle way to offer the prospect space to decide whether the relationship will be right for them, while at the same time, keeping the advisor from feeling that they may be coming across too aggressively by making an immediate sales pitch.

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For successful CFO hires, focus on executive style: Kingsley Gate

CFO Dive

Really digging into an executive's leadership style can help companies seeking CFOs to create a lasting fit, Kingsley Gate’s Ed Montoya says.

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Hot-Tip: Managing RevRec for Subscriptions with SAP EBRR

Bramasol

Learn how SAP Event Based Revenue Recognition (EBRR) in the SAP Public Cloud can enhance revenue management and ensure compliance for subscription-based offerings, thus enabling businesses to streamline and optimize their processes. Watch this free webcast to get a detailed look at the why, what and how of EBRR. Key points discussed in this webcast include: Benefits of Event Based Revenue Recognition in the cloud Specific scenarios where EBRR works best Detailed demonstration of EBRR in SAP Publ

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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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Quantifying Investments in Customer Success and Retention

The SaaS CFO

CFO’s like to analyze and quantify as much as possible. Our utopia is data-driven decisions while avoiding analysis paralysis. We are known for saying “no” a lot, but really, we want to enable. So when it comes to the Customer Success function, how do we quantify this investment? Or general investments in retention programs? In […] The post Quantifying Investments in Customer Success and Retention appeared first on The SaaS CFO.

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Wholesale inflation rate in negative category for 5th straight month, WPI down 0.52% in Aug

CFO News

India's wholesale inflation rate in August decelerated by 0.52%, after a decline in July, according to the Department for Promotion of Industry and Internal Trade. The rate had been negative in June, May, and April. Retail inflation in August decreased to 6.83% from July's 15-month high of 7.

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BlackLine announces AI-enabled intercompany accounting capabilities 

Future CFO

BlackLine said it has announced the first AI-enabled intercompany accounting capabilities. Designed to prevent transaction failures before they occur and minimise time and resources spent across the entire transaction lifecycle, ‘intercompany predictive guidance’ will be integrated into BlackLine’s family of intercompany financial management solutions, the firm noted.

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Byju’s denies hiding $533 million in hedge funds, says money invested in ‘high-grade fixed income assets’

CFO News

Byju’s statement was in response to a Bloomberg report that said the Bengaluru-based firm’s lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.

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Empowering Business Travel: The CFOs Guide

Business travel is more than just a line item. It’s a strategic opportunity to align with your company’s goals and empower your employees. With 60% of employees dissatisfied with the ease of booking and modifying travel plans, there’s a significant opportunity to improve travel management. This one-pager explores how to transform travel into a powerful tool for organizational success.

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Reliance Capital insolvency: NCLT rejects Torrents's plea, to hear Hinduja's resolution plan approval on September 26

CFO News

The matter was listed for hearing on Tuesday before the insolvency tribunal, however, it has now been adjourned to September 26. The NCLT said the Supreme Court on the plea filed by Torrent has 'abundantly' made it clear that it would be kept in abeyance until the parties have had an opportunity to obtain circulation and interim orders of stay in the proceedings.

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Inflation hurting patients, but health of hospitals improves

CFO News

Hospital chains in India are experiencing a rise in average revenue per operating bed (ARPOB) and a decrease in average length of stay (ALOS) for patients. This has resulted in improved operational performance and higher valuations on the stock market. However, patients are facing increased treatment costs, even with shorter hospital stays, due to medical inflation and rising expenses for hospitals.

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LTTS to hire 2,000 people this fiscal to drive auto IT solutions

CFO News

Amit Chadha, CEO of Larsen & Toubro Technology Services (LTTS), stated that the company's plans to hire an extra 2,000 personnel in the current fiscal year have been accelerated due to the rising demand for software defined vehicles.

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Proposals worth ?4k cr under IT hardware PLI likely to be cleared

CFO News

India is expected to approve investment proposals worth ₹4,000 crore under the revised IT hardware Production Linked Incentive (PLI) scheme. Last month, the ministry of electronics and IT received 40 proposals amounting to ₹5,000 crore, but not all will be approved due to budget constraints.

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How to Avoid Getting "Ghosted": Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Creditors to IL&FS Tamil Nadu Power reject NARCL's offer

CFO News

Lenders felt that NARCL's offer of ₹4,700 crore in a 15:85 structure was below their recovery expectations through the debt restructuring process. Under 15:85, 15% of the amount is paid upfront while the remaining is paid by way of security receipts.

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Mahindra's Classic Legends to pump in ?1,000 crore till FY26 to rev up business

CFO News

Classic Legends is also working on a pure electric motorcycle for the UK, Europe and other mature markets. Developed ground-up with the University of Warwick, the model will go on sale from 2024. The company claims that it will be the most affordable e-motorcycle in its segment.

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Coffee Day Global, IndusInd Bank settle debt issues, NCLAT terminates insolvency proceedings

CFO News

The Counsel representing the companies informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations, according to PTI.

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No more pension or provident fund benefits for I-T, GST tribunal members

CFO News

Earlier, serving high court or Supreme Court judges were sometimes appointed as chairperson or a member while staying in their existing service. So they were entitled to pension and other benefits. Now when a serving judge of any court is appointed as chairperson or a member of the tribunal, they will have to either resign or obtain voluntary retirement from their parent service before joining the tribunal.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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NFRA for effective communication between auditors and firm management

CFO News

The regulators like NFRA and Sebi may tighten vigil around the need for the "effective two-way communication process" soon, they said. At present, auditors in many cases are found to give a last-minute report/presentation to the audit committee of a company, consisting mainly of independent directors, just before the board is about to approve its financial statement, one of the persons said. "So, the auditor's report isn't scrutinised properly by the audit committee.

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India to be a global giant in electric vehicles by 2030: Govt

CFO News

India aims to become a global leader in the electric vehicle (EV) sector by 2030, with the two-wheeler segment expected to achieve this goal even earlier, according to Kamran Rizvi, Secretary of the Ministry of Heavy Industries. He also stated that EV subsidies in India will eventually come to an end, unlike in other countries such as China and the UK which are reducing or withdrawing such incentives.

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Tesla looking to source $1.7-1.9 bln worth of auto parts from India this year: Piyush Goyal

CFO News

Goyal added going forward there will be a natural shift to electrification in the automobile industry driven by an economic story. “Electric, as it grows worldwide, we will see footprints in India also,” Goyal said.

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Blue Dart gets on the Bharat bandwagon, renames express service to Bharat Dart

CFO News

Blue Dart's decision to rebrand this service stems from discovery and research process aimed at aligning itself to the evolving needs of its customers.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.