Thu.Oct 17, 2024

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The Power of Partnership for Financial Institutions 

Global Finance

The need for partnership can be seen through both a global and regional context. No bank or financial institution has a fully comprehensive global suite of services and a local or regional partner can support areas of non-core strength. No matter the geopolitical noise, the world remains highly connected and customers expect to be served seamlessly across markets.

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Retail sales exceed forecasts, underscoring solid 2024 economic growth

CFO Dive

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

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Trending Sources

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IBC may get a voluntary group insolvency mechanism soon

CFO News

India is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of interconnected entities within a corporate group. Initially, it will exclude solvent companies and multinational groups. This initiative aims to speed up resolutions, particularly in cases like Videocon and others, by allowing creditors to choose coordinated or separate processes.

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AICPA joins backlash against TurboTax ad campaign

CFO Dive

The group said Intuit’s decision to halt the ad, which also drew push back from the National Association of Tax Professionals, is a “positive step.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

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

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'India's growth rate is among the shiniest parts in the world economy': Ajay Banga

CFO News

World Bank Managing Director for Operations Anna Bjerde said the bank is supporting the government turning the growth into jobs and also sustainable development.

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More Trending

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New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroad

CFO News

New relief for income taxpayers on tax collected at source: The income tax department has amended the income tax laws to allow claiming of tax collected at source credit to other person than the collectee. However, the TCS credit can given to another person only if the collectee has submitted the declaration.

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The Alternative Investment Gender Gap: Marketing to Female Clients

CFA Institute

Barbara Stewart, CFA, has 33 years of investment industry experience; five years as a foreign currency trader, more than two decades as a portfolio manager for high-net-worth entrepreneurs, and during the past eight years, as an interview-driven researcher for multiple global financial institutions. Stewart is a keynote speaker for CFA societies, banks, stock exchanges, and industry conferences globally, and is a columnist for CFA Institute Enterprising Investor , Canadian Family Offices , and C

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How to calculate gross profit: A guide for finance leaders

Cube Software

Key takeaways Gross profit gives insight into the efficiency of a company's core operations by subtracting the cost of goods sold (COGS) from total revenue. You calculate gross profit by calculating your revenue and then subtract the cost of goods sold. Gross profit margin shows how efficiently a company turns revenue into profit relative to its production costs.

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AI will transform CFO Offices

Future CFO

A Wolters Kluwer survey reveals that the integration of artificial intelligence (AI) into finance functions is rapidly shifting from uncertainty to optimism. The report, titled AI in Finance: From Skepticism to Optimism , indicates that a significant majority of finance professionals are ready to embrace AI technologies, with 70% planning investments in the next five years.

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Live Demo - Supercharge your Month End Close

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

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A Bold Move: How Family Led One CFO from the Corner Office to a Startup

CFO Thought Leader

Inside The Mentoring Round , CFO Aira Pineda reflects on her bold career move, leaving a high-profile role in the city to join Scrubbed, a small startup, in order to better accommodate her family. As CFO, her priorities for the next 12 months center on improving operational efficiency through data-driven decision-making and enhancing visibility with new KPIs.

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Kitces & Carl Ep 149: Do You Really Need A Business Partner… Or A Study Group?

Nerd's Eye View

Launching an advisory firm can be a daunting endeavor, requiring advisors to take on significant financial and responsibility with no guarantees of success. Given these challenges, advisors may consider bringing on a business partner to share both the costs and the burden of decision-making. By pairing with a partner in the firm's early days, advisors can benefit from their business partner not just by having someone to split costs and risks with, but also to consult with as a sounding board and

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Connecting with Your Audience, Communication, and Executive Presence

CFO Talks

Connecting with Your Audience, Communication, and Executive Presence In the fast-paced world of corporate finance, CFOs in South Africa are expected to do more than just crunch numbers—they need to be effective communicators. Communication is key in conveying financial insights to various stakeholders, from board members to employees. Your ability to connect with your audience and demonstrate executive presence can make or break your influence as a leader.

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States' capex growth to moderate in FY'25: Report

CFO News

State government's capital expenditure (capex) is expected to grow by 13 percent in FY’25, slowing down from 19 percent in FY'23-24 due to a slower start and lower revenues, according to Icra. Some states, like Maharashtra, have fiscal space for welfare schemes despite these challenges. Overall fiscal deficit of 13 states is projected at Rs. 8.8 lakh crore.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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PayNearby to invest $50-60 million in next 3 Years; CFO Vikas Jalan Says no rush for IPO

CFO News

PayNearby is poised to invest $50-60 million, aiming to significantly boost transaction volumes and onboard 500 million UPI customers. CFO Vikas Jalan shares insights on the IPO strategy.

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NSDL settles depository violation rule case with Sebi; pays Rs 3.12 cr

CFO News

The National Securities Depository Ltd (NSDL) on Thursday settled a case pertaining to alleged violation of depository rules with markets regulator Sebi after paying Rs 3.12 crore towards settlement amount.

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Sensex falls! These stocks are down 5% or more on BSE

CFO News

Stocks Plunged News: In the Nifty pack, 25 stocks were trading in the green, while 25 stocks were trading in the red.

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NCLAT closes insolvency proceedings against JHL as Max Healthcare settles creditor's claims

CFO News

The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against Jaypee Healthcare, as financial creditors' dues were settled by Max Healthcare with a Rs 1,035.29 crore payment. The CIRP was initiated by NCLT following a petition by JC Flowers Asset Reconstruction Ltd.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

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.

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IBM drives manufacturing's digital shift with AI, IoT, and sustainability focus

CFO News

IBM Executive Director Rajesh Parameswaran outlines key trends and strategies to transform manufacturing through technology.

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Direct tax mopup rises 294 percent in a decade

CFO News

Total number of taxpayers surged to 10.41 crore, from 5.70 crore in FY15, as per the data. The number of tax returns more than doubled to 8.61 crore in 2024 from 4.04 crore in FY15. The tax-to-GDP ratio showed a marked improvement at 6.64% in FY25 as compared with 5.55% in FY15. Tax buoyancy increased to 2.12 from 0.86, the data showed, with the contribution of direct tax to the overall tax kitty rising marginally to 56.72% in FY24, from 56.16% in FY15.

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It's collective responsibility to improve corporate governance, follow global standards: NFRA Chief

CFO News

Ajay Bhushan Pandey highlighted the need for sustained corporate governance reforms. Company management, independent directors and audit committee, statutory auditors, shareholders, and regulators make up the five lines of defence to improve corporate governance, he said.

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Zepto taps domestic family offices; Infosys, Wipro Q2 results

CFO News

Zepto is in talks with domestic investors for another fundraise which may value the company at $4.6 billion. This and more in today’s ETtech Top 5.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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Infosys adds 2,456 employees in Q2FY25, reversing trend after six quarters

CFO News

Infosys: The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June)

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Vishal Mega Mart files updated IPO papers with Sebi; eyes Rs 8,000-cr

CFO News

The updated draft filing comes after Vishal Mega Mart's confidential offer document was approved by Sebi on September 25. The company filed its offer document in July through the confidential pre-filing route.

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ASML CFO says export restrictions behind reduced China expectations

CFO News

ASML-RESULTS/CHINA (URGENT)ASML CFO says export restrictions behind reduced China expectations

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India cenbank bars four non-bank lenders from issuing loans for breaching norms

CFO News

INDIA-CENBANK-India cenbank bars four non-bank lenders from issuing loans for breaching norms

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.