Fri.Mar 17, 2023

article thumbnail

Leadership by fraction: The trend of fractional CXOs

CFO News

Fractional CEOs are a new trend in leadership where experienced people with specialized skills choose to work with multiple companies instead of a single one. This model has been used for professional services such as law and audit for years, but the question today is can this be an option for hitherto dedicated leadership roles across domains? There are clear benefits for companies in terms of reduced cost and hiring errors, as well as the ability to build both depth and scale.

article thumbnail

Understanding AI’s customer service opportunities

CFO Dive

AI can help CFOs enhance customer service and other key business elements, but CFOs need to understand not only what the technology can do, but what it wasn’t made to do.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Get the Most Out of Your Direct-to-Consumer Model with ERP

Navigator SAP

The advent of the direct-to-consumer (DTC) business model meant that companies no longer needed to rely on third-party retailers or platforms. DTC has many benefits, chief among them being higher profits. There is no middleman to split the earnings with since the customer gets the product directly from you.

Retail 130
article thumbnail

Mattel CFO sees movie tie-in boosting Barbie sales

CFO Dive

The iconic El Segundo, California-based toymaker had a tough 2022 but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

CFO 264
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

The Ultimate Guide to Choosing the Best ERP for Finance

Navigator SAP

Over the past few decades, enterprise resource planning (ERP) systems have become indispensable tools for modern companies. An ERP solution such as SAP S/4 HANA Cloud Public Edition ensures that a company's financial and operational data are stored in a centralized database and that employees have the data they need to make informed decisions. Because teams across departments can access the exact numbers, it reduces the likelihood of errors and inconsistencies.

SAP 130

More Trending

article thumbnail

77% of Indian businesses to increase travel budget in 2023: Survey

CFO News

The survey report titled ‘Revival of business travel: An India perspective’ conducted by American Express said that the majority of Indian businesses (67%) expect a rise in business travel in 2023.

article thumbnail

SVB’s parent company files for bankruptcy protection

CFO Dive

The move will allow SVB Financial Group “to preserve value as it evaluates strategic alternatives” for venture-capital business SVB Capital and broker-dealer SVB Securities, the company said.

article thumbnail

PhonePe racks up additional $200 million from Walmart in ongoing fundraise

CFO News

The round is being raised at a pre-money valuation of $12 billion, making PhonePe the most valuable fintech in the country, surpassing payment services provider, Razorpay which was last valued at $7.5 billion.

article thumbnail

Myth-Busting: The Economy Drives the Stock Market

CFA Institute

How much does the state of the economy really matter to stock market performance?

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

PwC can sue Satyam founder Ramalinga Raju, Telangana high court says

CFO News

A division bench of Telangana high court has dismissed a plea by Satyam Computers founder-chairman Ramalinga Raju and allowed PwC, statutory auditor of Satyam between 2000 and 2009, to sue Raju and others for Rs 100 crore for tarnishing the auditing firm’s image, TOI reported on Friday.

article thumbnail

FP&A Solutions for Casinos: A Safe Bet for Casino FP&A Software

Lime Light

Casinos are notoriously challenging when it comes to tracking revenue streams. This is a huge, highly valuable industry ( over $400 billion globally ) but is made up of thousands of minor transactions both minor and major from a variety of sources. This can present a casino FP&A nightmare. But with the right FP&A solutions for casinos, your gaming organization can turn this nightmare right around.

article thumbnail

Rajesh Gopinathan’s exit as TCS CEO is surprising but an example of great succession planning, say experts

CFO News

TCS board may be looking at continuity rather than turnaround with the hiring of an internal candidate as the next CEO, they say.

article thumbnail

Bearishly Bullish

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dan McMurtrie, and Downtown Josh Brown discuss Credit Suisse, treasury yields, short sellers, credit default swaps, the real reason Signature Bank got taken out, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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

OECD raises FY24 India growth forecast to 5.9 per cent

CFO News

OECD revised India's inflation estimates for FY24 upward to 5.8%, from the 5% projected earlier. It expects inflation to fall to 4.2% in FY25. India's inflation has averaged 6.48% for January and February, above RBI's target band of 2-6%.

article thumbnail

Inventory Management in Manufacturing

VCFO

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result. When manufacturers have too much inventory, they trap cash and decrease their liquidity.

article thumbnail

Banking troubles in the West take the shine out of gold in India; demand falls 40%

CFO News

Gold prices have risen about 7% in the past fortnight, partly in response to concerns over a contagion effect in the wake of the Credit Suisse crisis. The banking woes of the West threatens to impact the global growth rate. It has also led to a belief that the Reserve Bank of India would slow down its pace of rate hikes, along with ensuring ample system liquidity.

Banking 52
article thumbnail

Organised retail has got a pre-Covid charm now

CFO News

Nearly three-fourths of the sales growth was price-led, reversing the historic trend of volumes driving a bulk of sales, indicating that better-off consumers are driving the recovery, as per the RAI report that surveyed the top 100 retailers from modern retail across segments.

Retail 52
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

NCLT approves Welspun takeover of Sintex BAPL

CFO News

The company was admitted to the NCLT under the Insolvency and Bankruptcy Code (IBC) in December 2020. The insolvency resolution process of Sintex BAPL had evinced interest from two bidders - JM Financial Asset Reconstruction Co Ltd and a consortium consisting of Welspun entity Propel Plastic Products Pvt Ltd and Plastauto Pvt Ltd.

52
article thumbnail

UBS to explore Credit Suisse deal in crisis combination

CFO News

Credit Suisse shares jumped 9% in after-market trading following the FT report. Credit Suisse and UBS declined to comment on the report. Credit Suisse, a 167-year-old bank, is the biggest name ensnared by market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week, forcing it to tap $54 billion in central bank funding.

Banking 52
article thumbnail

India lacks talent for chip manufacturing; requires 10-13k resources by 2027: Meity official

CFO News

He later said the manpower to handle the wafer fab (semiconductor manufacturing plant) will initially come from outside, and then the companies will be engaged in creating skilled resources locally to meet the estimated requirement of a 10,000-13,000 talent pool by 2027.

article thumbnail

Trouble in Credit Suisse unlikely to impact India's banking system: Experts

CFO News

The Switzerland-based bank, the report said, "has less than Rs 20,000 crore in assets (12th among foreign banks), presence in the derivatives market and funded 60 per cent of assets from borrowings, of which 96 per cent are up to two months. Still, it's small for the banking sector with 0.1 per cent share of assets.

Banking 52
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

US banking crisis shows importance of robust regulators, risks of cryptocurrencies: RBI guv Shaktikanta Das

CFO News

Addressing 17th K P Hormis Commemorative Lecture, Das said said that the developments again highlighted the need for prudent asset-liability management, regular stress tests and building up capital buffers.

Banking 52
article thumbnail

HDFC-HDFC Bank merger gets NCLT approval

CFO News

The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. Termed as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan.

Banking 52
article thumbnail

Tata ceases discussions with Bisleri to acquire the packaged water giant

CFO News

"The company wishes to update that it has now ceased negotiations with Bisleri with regard to a potential transaction and to confirm that the company has not entered into any definitive agreement or binding commitment on this matter," Tata Consumer Products said in a stock exchange filing.

52
article thumbnail

There's a speed bump ahead for Indian banks' run of success

CFO News

Amid the storm in banking industry, experts have exuded confidence about India. The banking system in Asia's third largest economy is said to be safe and healthy as of now. While India does not face a huge risk, experts eye a niggle coming up for local banks, as they are forced to increase deposit rates to fund credit growth here on.

Banking 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.