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Financial transformation has emerged as a critical imperative for organisations in 2024, driven by the need to adapt to rapidly changing economic conditions, technological advancements, and evolving business landscapes. This 2025, CFOs in Asia face unprecedented challenges in navigating a landscape shaped by rapid technological advancements, evolving consumer behaviours, and heightened regulatory demands.
By: Katishia Gallishaw, MSA This post was updated on December 30, 2024. As we kick off 2025, there's been a significant development in the world of business compliance. The Beneficial Ownership Information (BOI) reporting requirement, under the Corporate Transparency Act (CTA), has faced yet another legal twist. On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated a nationwide injunction, effectively pausing the enforcement of BOI reporting requirements.
Unlock Your Business’s Full Potential with CFO Plans The Danger of a Break-Even Mindset in Business In the dynamic world of financial services, business owners often fall into a common trap: focusing solely on breaking even. While balancing costs and revenues seems wise, this mindset can limit your business to mediocrity, hampering growth and innovation.
By: Katishia Gallishaw, MSA As we kick off 2025, there's been a significant development in the world of business compliance. The Beneficial Ownership Information (BOI) reporting requirement, which was temporarily paused, is now back in effect. Here's what you need to know about this crucial update. The Lawsuit and Its Resolution A lawsuit had temporarily blocked the enforcement of the Corporate Transparency Act (CTA) and its BOI reporting requirements.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
The ICAI is not authorized to issue standards on quality management or amend audit norms for accountancy firms. This responsibility lies with the government, as per the solicitor general's opinion. The dispute arose after ICAI issued new standards and audit changes, which NFRA considered illegal. The matter aligns with aligning domestic audit norms with global standards.
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: The Walmart Effect : New research suggests that the company makes the communities it operates in poorereven taking into account its famous low prices. ( The Atlantic ) Oops! Consumers finally realize that Trump could worsen inflation. Fearing high prices, some are stocking up for what could be an expensive four years. ( Washington Post ) Americans have $27 billions in unused gift cards : At least two in f
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: The Walmart Effect : New research suggests that the company makes the communities it operates in poorereven taking into account its famous low prices. ( The Atlantic ) Oops! Consumers finally realize that Trump could worsen inflation. Fearing high prices, some are stocking up for what could be an expensive four years. ( Washington Post ) Americans have $27 billions in unused gift cards : At least two in f
Experts expect GST reforms in 2025 to address inefficiencies and streamline processes through specific measures, including a simplified three-slab rate structure, operationalising robust tribunals for faster dispute resolution, and fostering trust with a responsible tax administration that focuses on merit-based notices instead of revenue-driven actions.
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, released by the Reserve Bank of India (RBI), said. The total number of employees in private banks surpassed that of public sector banks (PSBs) during 2023-24, but attrition in private banks has risen sharply over the last three years, with an average attrition rate of around 25%, it noted.
Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).
The governments continued focus on infrastructure development, digitisation, and attracting FDI will be an additional growth booster, enhancing overall efficiency.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Manufacturers in India recognise technology adoption as crucial for profitability and competitiveness, yet most investments are modest, below 10 per cent of budgets. However, in the next two years, investments are projected to increase to 11-15 per cent, especially in IoT, robotics, and Big Data. Challenges remain, particularly for SMEs, including high costs and the need for workforce upskilling.
As the Indian IT industry heads into 2025, expectations are high for improved tech spending and robust deal pipelines, driven by AI, cloud computing, and cybersecurity initiatives. Key factors include global economic stability and US trade policies, with IPOs and startup funding expected to increase, despite ongoing challenges and regulatory scrutiny.
The government aims to implement labour codes by 2025 to boost social security for informal workers, focusing on gig and platform workers. By March 2025, all states and UTs will complete the harmonisation of draft rules. New policies will address gig workers' social security and improve EPFO and ESIC systems.
The Reserve Bank of India Innovation Hub has partnered with Vivifi Finance for a pilot project to provide unsecured loans to gig workers, including cab and food delivery drivers. The project uses alternate data for loan underwriting and aims to integrate these workers into formal banking channels. Future plans include linking the system with the Unified Lending Interface.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
India's Balance of Payments improved significantly in Q2 FY25. Strong inflows from Foreign Portfolio Investments, External Commercial Borrowings, and Non-Resident Indian deposits drove this improvement. Despite an increase in Foreign Direct Investment outflows, capital account surpluses rose. Investor confidence and favorable global financial conditions supported these trends, helping to strengthen India's external finances.
2024 witnessed a surge in IPOs with major companies raising funds, surpassing Rs 3 lakh crore. This trend is expected to continue in 2025 with significant listings from giants like Flipkart, LG India, and Reliance Industries' Jio. Subsidiaries of listed firms are also planning IPOs, potentially setting new fundraising records.
Additional import approvals may be issued if demand exceeds the currently approved inventory and local production targets may be cut if demand does not pick up, two executives said. Free imports of laptops and tablets were allowed in calendar 2024 after plans for import control through a licensing regime were deferred.
Several global private equity funds, including Blackstone and Carlyle, have expressed interest in acquiring a majority stake in Access Healthcare. The company, specializing in revenue cycle management services, is expected to be valued at $1.4-1.5 billion. Access Healthcare, founded by Anurag Jain, employs 27,000 people globally.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
JSW Group is exploring collaborations with Chinese companies like Geely and BYD to launch electric cars and e-trucks under its own brand by 2025. It plans to invest 27,200 crore in Maharashtra to produce 500,000 electric cars and 100,000 commercial vehicles annually, with operations under JSW Green Mobility.
"The faceless GST audit system, by using technology and ensuring anonymity, will reduce compliance costs. A faceless system will streamline procedures, allowing MSMEs to focus on growth and innovation," said Pankaj Chadha, chairman of EEPC India.
AstraZeneca India has laid off over 125 employees in its biopharmaceutical business unit, including senior managers and sales executives. The job cuts are part of a strategic restructuring due to loss of patent exclusivity and competition from generic drugs. The company continues to focus on new patented drugs for specialized treatments.
Russia, the world's top pea exporter, has set a 5% export duty on peas, chickpeas, and lentils from January 1. This reduces the duty by 30% due to slowed exports and unsold volumes. The fixed duty aims to balance exports and local consumption.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
"The selection process for internships is ongoing." Partner companies have posted about 1.27 lakh internship opportunities on the internship scheme portal.
Tata Group is planning to create over five lakh new manufacturing jobs in the next five years. These jobs will come from investments in factories to produce batteries, semiconductors, electric vehicles, solar equipment, and critical hardware. The group will also create jobs in services such as retail, tech, airlines, and hospitality.
Executives at firms like Colgate-Palmolive, DS Group, KPMG, Deloitte, Tata Steel, Tech Mahindra and Meesho are updeat on 2025. For most of these companies, overall hiring is likely to surpass the current year's levels, while for others, it will be in line with 2024. Companies are also likely to focus on upskilling the existing workforce.
Former US President Jimmy Carter, known for championing human rights and global peace, has died at 100. He served from 1977 to 1981 and was awarded the Nobel Peace Prize in 2002 for his humanitarian efforts. Carter was in hospice care and surrounded by family at his passing.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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