Thu.Apr 13, 2023

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Harley-Davidson CFO to take Hasbro’s helm

CFO Dive

Gina Goetter will transition from motorcycles to Monopoly as she takes on a new CFO role at Hasbro. The toy company is set to cut 15% of its workforce this year.

CFO 261
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Nudging Investors into Better 401k Behavior

Barry Ritholtz

Some encouraging news about people saving for retirement: A study by Vanguard Group found that “Automatic enrollment and the rise of target-date funds” are having a substantial and positive impact on retirement savers, in particular, on Millennials and Generation Z investors. They have seen a significant uptick in overall participation rate, which has increased from 62% in 2006 to 82% in 2021.

Planning 109
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Trending Sources

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CFOs need public/private funding mix to bridge ESG financing gaps

CFO Dive

Finance leaders need access to multiple types of capital to finance their companies’ environmental, social, and governance goals, Ana Carolina Oliveira writes.

Finance 256
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Inflation dips, still a tightrope walk for RBI and businesses?

CFO News

The core inflation was sticky and the crude oil prices were rearing head again after being benign for some time. Analysts were also surprised as the RBI did not follow in the footsteps of the US Federal Reserve, which chose to hike rates despite staring at a banking crisis following the bust of Silicon Valley Bank and Signature Bank.

Banking 98
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Planning Your Restaurants 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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Cost-wary CFOs to cull tech spending

CFO Dive

As CFOs deal with a muddled economic outlook, they are keeping their eye on technology, vendor and headcount costs.

Economics 239

More Trending

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U.S. Bank names new CFO in C-suite shuffle

CFO Dive

The bank's current CFO, Terry Dolan, will become vice chair and chief administrative officer. Gunjan Kedia, the bank's wealth-management chief, will oversee corporate and commercial banking.

CFO 130
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Audit watchdog NFRA debars Coffee Day Global statutory auditors for professional misconduct

CFO News

NFRA's investigations revealed that the Coffee Day Global Auditors for the FY 2018-19 failed to meet the relevant requirements of the Standards on Auditing and provisions of the Companies Act 2013 and also demonstrated a serious lack of competence.

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Rent the Runway names new CFO as it slogs toward profitability

CFO Dive

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

CFO 130
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Lindelani Gumbo on the importance of grit and mentorship

CFO Talks

Written by Staff Writer Success didn’t just fall into Lindelani Gumbo’s lap. The regulatory accountant didn’t pass her board exams or CTA on the first attempt. She admits, “I was never the smartest person in school.” However, setbacks have not held Gumbo, assistant vice president at Citibank South Africa, back. Success requires grit “I guess, sometimes it’s not always about aptitude, but rather having the right attitude,” Lindelani Gumbo tells the CFOClub podcast.

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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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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Biotech, Defense, Thermo Fisher & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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The glass ceiling for women CFOs remains. Here are three solutions

CFO Talks

Written by Staff Writer Despite minor improvements, only 22 percent of CFOs in JSE-listed companies are women. Those who make it to the top pay quartile of large companies receive almost half the salary of their male counterparts. What can companies do to ford the divide? Female representation among the JSE executive population in 2022 has improved from 13 percent to 15 percent compared to a year ago, according to PwC’s Executive Directors Report for 2022.

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Book Review: A History of Financial Technology and Regulation

CFA Institute

Seth C. Oranburg highlights recent changes to the world of finance by exploring the role of technology within it.

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RenewBuy CFO quits ahead of a crucial $75 mn fundraise

CFO News

The company says Gautam Bansal’s exit will not make any impact on the fund closure.

CFO 98
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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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Ensuring Success in Uncertain Times

VCFO

With the current uncertainty in the market, have you taken steps to prepare for various contingencies? Are you confident in your plan? The following articles from our consulting team may be helpful to you as you review your own checklist: How to Fight Inflation: 14 Tips for Business Owners Inflation remains high despite the best efforts of the Federal Reserve.

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Over 71 per cent workers worried about potential layoffs due to market inflation: Report

CFO News

According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason behind the layoffs, and 23 per cent blamed the mass economic downfall as being the reason.

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PodChats for FutureCFO: Managing capital in times of persistent instability

Future CFO

The three years since 2020 saw organisations focus on digitalisation, payment efficiency, security, and cash forecasting. With continuing uncertainty in 2023, how are CFOs and treasurers calibrating their strategies in the years ahead to reflect desires for growth and profitability, a return to business as usual in the face of unpredictability and market volatility?

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Exports, trade gap hit record high in FY23

CFO News

India's merchandise exports reached $447bn in 2022-23, a rise of 6%, driven by outbound shipments of petroleum, pharma, chemicals and marine goods. Its imports grew 16.5% to $714bn in FY23, leading to a trade deficit recording in goods of $266.78bn. However, the overall trade deficit was $122bn in FY23 due to a trade surplus in services. The estimated growth of services exports, at around 27%, surpassed that of goods at 6.03%.

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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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Ready to Make the Most out of Record-Setting Private Equity Growth? 

E78 Partners

Despite a more challenging macro environment, private equity (PE) is set to reach new heights in the next decade as companies stay private longer and institutional investors increase allocations to alternative assets like PE in search of higher returns. Are you prepared for this secular trend? Key Takeaways Private capital markets faced headwinds in 2022, but a boom is predicted due to more companies staying private longer, institutional investors increasing allocations to private equity, and a

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NTPC plans IPO for green energy arm

CFO News

India's largest power producer, NTPC, plans to raise funds via an initial public offering (IPO) for NTPC Green Energy Ltd (NGEL) in the current fiscal year. This comes after Malaysia's Petronas withdrew its bid for a 20% stake in the green energy unit, valued at around INR60bn ($806m). NGEL is critical to drive NTPC’s ambitious clean energy programme, which aims to have 60 GW of renewables capacity by 2032 on a standalone basis and 130 GW on consolidated levels.

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7 Keys to Nonprofit Financial Management

The Charity CFO

Nonprofit financial management is one of the primary concerns for organizations. Nonprofits are special types of organizations, in both their structure and their purpose. They live in the hearts of many as symbols of good in the world. This meaning is the driving force behind what nonprofit organizations do day in and day out. However, in the midst of all the support for nonprofits, it may be lost that nonprofits are still organizations that need to be run.

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Commission caps gone, insurers to face more competition

CFO News

The Indian insurance regulator's decision to abolish commission caps has led to increased competition among insurers to attract market share, particularly unlisted players who are offering higher commissions to bank. While it is hoped that there will be more transparency in payouts to distributors, it is unclear whether insurers will alter payouts significantly in pursuit of rapid growth or stick to profitability.

Banking 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.

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6 Ways to Make a Difference in the World

Financial Analyst Insider

There are many reasons you might want to make a difference in the world. Giving back can be both a benefit to you and the The post 6 Ways to Make a Difference in the World appeared first on Financial Analyst Insider.

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Rs 2,250 crore tax evasion concern: DGGI sends show cause notices to HDFC Bank, Go Digit, Policybazaar

CFO News

The Directorate General of GST Intelligence has served show cause notices to insurance intermediaries, including HDFC Bank, Go Digit Insurance, and Policybazaar, among others, for issuing fake invoices to claim input tax credit without providing any service. The investigation, initiated in 2022, has revealed an evasion of INR2,250 crore so far, with crackdowns on invoices raised from 2018 to March 2022.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity : “Federal authorities have pierced the veil of blockchain transactions. Investigators can now identify supposedly anonymous wallet addresses associated with terrorists, drug traffickers, money launderers & cybercriminals.” ( Wall Street Journal ) • End of the Gas-Engine Camaro Opens a New Door for Muscle Cars : G.M. is ending production of the classic American sports car, but execu

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Vedanta mandates Barclays to raise Rs 1,500 crore loan

CFO News

The loan has a tenor of 15 months and all in cost of 11.5% IRR split into a running coupon of 10.5% per annum payable monthly and a 0.5% upfront fee, according to the term sheet seen by Economic Times. The loan will have a first exclusive charge over the fixed assets of the Tuticorin plant in Tamil Nadu and an exclusive pledge over Hindustan Zinc shares, providing a 2.2x cover.

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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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Addressing employee stress key to comprehensive benefits strategy 

Future CFO

Addressing employee stress is critical when it comes to talent attraction and retention, said Mercer Marsh Benefits recently when releasing its 2023 Health on Demand Report. The report is based on a survey of more than 17,500 employees in 16 markets across the globe during October-November 2022 about their priorities when it comes to health and wellbeing, the firm noted.

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SUGAR Cosmetics expects to turn profitable in FY24; may file DRHP in next 2 years: Vineeta Singh

CFO News

SUGAR Cosmetics CEO Vineeta Singh plans to take a shot at becoming India's largest makeup brand in category with good fundamentals at the IPO stage. Sugar Cosmetics aims to be profitable with 70% growth by 2024 to become the second largest brand in the colour cosmetics category. The brand currently operates around 180 stores and half of its business comes from the tie-2 and tie-3 cities, where there is growth potential.

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SPAC backing Trump media venture taps new CFO

CFO Dive

The appointment of Katherine Chiles as CFO of Digital World Acquisition follows the resignation of the company’s former finance chief and the termination of its prior CEO.

CFO 144