Wed.Dec 13, 2023

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The 9 to 5 Exodus

Beacon CFO Plus

Why People Are Leaving Traditional Roles to Be Fractional Executives Nearly four years out from the start of COVID-19, the workplace continues to change. A Women in the Workplace study (by LeanIn.Org and McKinsey & Company) shows that women leaders are “leaving corporate America at the highest rate in years,” citing stress and burnout, a lack of flexibility, and limited advancement opportunities.

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Fed holds main rate steady, signals deeper cuts to borrowing costs in 2024

CFO Dive

Policymakers paused monetary tightening for the third consecutive meeting as traders in interest rate futures bet the Fed will begin easing in the spring.

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Trending Sources

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Understanding the Differences Between MRP and ERP (with Examples)

Navigator SAP

Manufacturing startups and businesses looking to upgrade their manufacturing systems have probably run across both material requirements planning solutions (MRP) and enterprise resource planning solutions (ERP). The two often come up in the same conversation when talking about backend manufacturing technology, and they overlap quite a bit.

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Booking snaps up S&P Global CFO

CFO Dive

Ewout Steenbergen will leave S&P Global in March to replace Booking’s retiring finance chief.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Lessons of “Number Go Up”

Barry Ritholtz

Tyler Cowen and his colleague Alex Tabarrok write some interesting posts over at Marginal Revolution. Sometimes I agree with them, sometimes I disagree with them. Recently, a post utterly perplexed me: “One doesn’t get a favorable impression of crypto from Number Go Up but in fact one doesn’t learn much about crypto at all. Indeed, Faux’s book isn’t really about crypto it’s about the rise and collapse of a bubble and the consequent madness of crowds.

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More Trending

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Preserving HSA Eligibility And Maximizing Contributions After Age 65

Nerd's Eye View

Although numerous tax-advantaged vehicles are available for retirement savings, Health Savings Accounts (HSAs) have particular benefits for individuals saving for retirement. Specifically, HSAs offer a "Triple Tax Benefit" that includes tax-deductible contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. This can allow individuals to save a significant amount that can be withdrawn tax-free for medical expenses later in retirement.

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Plan capex now, no rate cut expected soon: BoB Chief Economist urges CFOs

CFO News

Bank of Baroda's Chief Economist, Madan Sabnavis, advises CFOs on strategic capital expenditures amid optimal capacity levels and foresees no rate cut until August 2024, citing inflation projections and economic nuances.

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Outsourced vs In-House Bookkeeping

CFO Share

In the day-to-day hustle of running a business, bookkeeping often lands in the “necessary but not thrilling” category for most CEOs and business owners. While not the most glamorous aspect of business financial management, accurate bookkeeping is crucial for maintaining financial health and compliance. However, the real challenge isn’t just about keeping the books in order; it’s about choosing a reliable and efficient team that isn’t a distracting headache for you.

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UK economy shrinks, raises risk of recession

CFO News

It was the first time since July that GDP had shrunk on a month-by-month basis. Sterling fell by about a third of a cent against the US dollar and was weaker against the euro too. Investors added to their bets on the BoE starting to cut interest rates in June 2024, and the yield on 10-year British government bonds fell to its lowest since May.

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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.

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EV sales value across ASEAN-6 expected to hit US$80B-US$100B by 2035

Future CFO

Electric vehicle (EV) sales value across ASEAN-6 countries are expected to hit US$80 billion to US$100 billion by 2035 from sales volume of 8.5 million units, a study by EY-Parthenon says. The EY-Parthenon study assessed the EV value chain to understand the consumer awareness and sentiments as well as infrastructure and government policies across the ASEAN-6 markets to determine the market readiness, opportunities and potential for companies and investors.

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India's wholesale prices in November rise 0.26%; rebounds from negative territory after seven months

CFO News

India's wholesale inflation surged to 0.26 per cent in November, marking a significant shift from seven consecutive months in negative territory. The rebound is attributed to heightened demand, particularly fueled by the festive season.

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Retail CFOs: Will you revise your cybersecurity budget?

Future CFO

When it comes to cybersecurity budget, retail CFOs in Asia Pacific might have to reconsider the amount of resources allocated to this area. According to a recent study by Kaspersky , the retail industry experienced the greatest number of successful cyberattacks in the past 24 months in Asia Pacific. The latest survey—with responses from 234 participants—also revealed 19% of companies in the region have experienced cyber incidents due to insufficient cybersecurity budget in the last two years, th

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Fed holds rates steady again and pivots toward cuts in 2024

CFO News

Officials decided unanimously to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001. Policymakers penciled in no further interest-rate hikes in their projections for the first time since March 2021, based on the median estimate.

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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.

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Outsourced Bookkeeping Services

CFO Share

Grow confidently with our reliable bookkeeping team. Feeling overwhelmed with financial details and paperwork? Our outsourced bookkeeping services are your ticket to peace of mind. You Deserve Robust Financials The endless drudgery of bookkeeping is boring yet critical. You need data to make informed decisions. Accurate bookkeeping isn’t just a necessity—it’s the backbone of strategic decision-making.

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VRL begins process to rejig $3.8-billion bond repayments

CFO News

As part of the plan, Vedanta Resources is to pledge 13% of its stake in Vedanta Ltd (VDL) to secure a $1.25 billion financing package from a group of lenders led by Standard Chartered Bank and New York-based Cerberus Capital Management to help avert a default on $1 billion of bonds that are due in January, according to people familiar with the matter.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • Things You Don’t See in A Recession. Incredibly, many strategists and economists continue to say we are headed for a bear market and a recession in ’24. That’s right, it is Outlook season and some of the forecasts for ’24 have been quite dour.

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SC asks ITC, Britannia to resolve dispute over butter cookies packaging

CFO News

Observing that both companies make premium products that are consumed by everyone, a bench led by Justice Sanjiv Khanna said that “it will be better if (the companies) can talk to each other" and resolve the issue. It also posted the matter for further hearing January.

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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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FP&A Software Cube faces “turmoil” after high profile exits and staff turnover

The Finance Weekly

FP&A Software Cube is reportedly in “turmoil” after suffering a spate of high profile exits and ongoing turnover, according to ex-employees at the company. Former Cube employees, speaking on the condition of anonymity, revealed that the New York-based FP&A solution recently let go of their Head of Sales and Head of Product The company is increasingly run by the company’s CEO Christina Ross and her head of Human Resources, the sources claim.

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ADB raises India's FY24 growth forecast to 6.7%

CFO News

In its latest report on outlook for developing Asia, the multilateral lender, retained its India growth forecast for FY25 at 6.7%. Recognising accelerated growth momentum, the RBI this month raised its FY24 growth projection for India to 7% from 6.5%, while Nomura increased it to 6.7% from 5.9%, Citigroup to 6.7% from 6.2% and DBS to 6.8% from 6.4%.

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Trump holds responsibility for GAAP compliance, NY AG expert said

CFO Dive

The Trump Organization is ultimately responsible for ensuring their financial statements are compliant, rather than their accountants, professor of accounting Eric Lewis said.

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In works: Rs 10,000 crore sop scheme for chip ancillaries

CFO News

The pari-passu or equal footing method for disbursal of incentives is one where the government releases the funds to successful applicants as and when they invest or achieve certain milestones.

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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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Climate pledge by 200 nations seeks to 'transition away from fossil fuels'

CFO News

The president of COP28 had consistently stressed his intention to supercharge climate action. Even as it signals progress, the UAE Consensus hass loopholes that allow oil and gas exporters the space to continue operations, observers said. Countries agreed that "transitional fuels," a euphemism for gas, "can play a role in facilitating the energy transition while ensuring energy security." This free pass for the expansion of gas production is a particular blow, given that the asso

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NCLT allows Reliance Communications to substitute its resolution applicant

CFO News

“The said application was last listed before the NCLT on December 12, 2023, for pronouncement of order, and the NCLT orally pronounced its order, vide which it has allowed the said application,” Rcom said in a regulatory filing Wednesday.

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Wipro Consumer Care expands horizons: Enters D2C space with Bio-essence, plans FMCG start-up investments

CFO News

Wipro Consumer Care and Lighting is expanding its direct-to-consumer (D2C) business with its global brand Bio-essence, targeting the premium segment in India. The company plans to launch ethnic ready-to-cook breakfast and South Indian snacks, targeting the premium segment in areas like facial care, cleaners, moisturizers, and toners.

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Accommodation with amenities is in the nature of hostel facilities, GST at 12% applies holds AAR

CFO News

The GST-Authority for Advance Ruling (GST-AAR), Karnataka bench examined the GST implications of renting residential accommodation to students and working women. Deeksha Sanjay, a proprietor engaged in the business of renting residential dwellings, sought a ruling on whether the renting of residential dwellings along with amenities would be exempt under Entry No 12 of Notification No.12/2017.

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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.