Fri.Oct 20, 2023

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CFOs should proceed cautiously as SBA loan access eases, experts say

CFO Dive

The Small Business Administration's new loan rules are expanding credit access to more companies but experts warn that it could lead some borrowers to take on too much debt.

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The Same Business Software for Every Stage of Your Company’s Growth

Navigator SAP

Each stage of the business growth journey brings new challenges for an organization. Selecting, moving data and learning new software should not be one of those challenges.

Planning 147
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Trending Sources

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With venture arm, Huntington Bank CFO keeps eye on innovation, liquidity

CFO Dive

In the face of economic uncertainty, access to the innovation economy is essential to help bolster growth, Huntington Bank’s CFO says.

CFO 267
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Dollars Are For Spending & Investing, Not Saving

Barry Ritholtz

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. It does that splendidly.” 1 Today, we’re going to look at a perennial (un)favorite #chartfail. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes.

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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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Morgan Stanley upgrades India to 'standout overweight' market

CFO News

India has been structurally outperforming MSCI EM index by 45.5 per cent (in USD terms) from early 2021 until October 2022, and "we expect outperformance to continue, with India starting to show a material breakout in relative EPS versus EM and having relatively low correlation/revenue from both the US and China," it said.

Marketing 105

More Trending

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Millions of jobs coming up in EV sector, data & AI roles to get maximum hikes

CFO News

The demand for workers with green skills is expected to move further up in the coming years. Estimates differ, with different industry leaders pegging job creation in the EV sector at different levels, but everyone seems united in the view that millions of new roles are getting created.

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Weekend Reading For Financial Planners (October 21-22)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study from Fidelity Institutional highlights the growing popularity of the RIA model and the success advisors have had after going independent. The study found that 1 in 6 advisors have moved firms in the past 5 years, with the majority opting for the independent channel.

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Taxpayers slapped with unexpected notices for old tax demands

CFO News

Taxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have already been paid and closed. Many taxpayers are confused as they no longer have the payment receipts or rectification orders to prove they have paid the taxes. The errors are believed to be a result of the department migrating to a new system.

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Entering Year Two of the Bull Market with Tom Lee

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tom Lee, and Downtown Josh Brown discuss earnings, the liquidity starved bull market, economic indicators, the Fed’s next move, housing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere el.

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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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A quick update on Thursday’s 5-year TIPS auction

Tips Watch

There is an explanation for everything, right? By David Enna, Tipswatch.com As they say, “You learn something every day.” At least you should learn something every day.

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Adani Group raises $3.5 billion to refinance debt

CFO News

The transaction is being financed by a consortium of 10 international banks including DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank. Other banks in the consortium include Barclays Bank PLC, BNP Paribas, Deutsche Bank, ING Bank, Sumitomo Mitsui Banking Corporation and Standard Chartered.

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Accelerating AI while building trust

Future CFO

Finance leaders are in need to keep up with the rapidly changing market brought about by the advent of artificial intelligence in the business landscape. To use AI and generative AI to deliver near-term outcomes, transformative innovation and increased trust is not an easy task. Implement responsible AI to build trust. Responsible AI offers frameworks, templates and code-based assets for your AI usage and data governance to be ethical, secure, compliant and robust.

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RBI imposes Rs 2.5 crore fine on L&T Finance

CFO News

The Reserve Bank of India said L&T Finance failed to notify the change in penal interest rate to borrowers, when it charged penal interest rate higher than what was communicated at the time of sanction.

Finance 52
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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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The Basics of Multi-Currency Account Reporting

Spreadym

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. This type of account is often offered by banks and financial institutions to accommodate businesses and individuals who conduct international transactions or deal with various currencies regularly.

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MPC Minutes: Declining core inflation a silver lining, says RBI Governor Das

CFO News

Governor Shaktikanta Das of the Reserve Bank of India (RBI) has highlighted the declining core inflation as a positive amidst volatile headline inflation. He also noted that risks to the inflation outlook come from uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. Das emphasized proactive steps taken to manage supply side interventions and keep food inflation in check.

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Ex-Trump CFO targeted in fraud trial for emails, testimony

CFO Dive

The New York Attorney General’s Office wrote that it has “identified likely omissions” of data provided by the Trump Organization in response to subpoenas.

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Single-owner company proprietor not eligible for L1 foreign work visa, says US

CFO News

The updated policy released Friday distinguishes a sole proprietor from a self-incorporated petitioner (such as a corporation or a limited liability company with a single owner), where the corporation or the single member limited liability company is a separate and distinct legal entity from its owner, which may petition for that owner.

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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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India's forex reserves up $1.15 bn to $585.90 bn

CFO News

India's foreign exchange reserves rose by $1.153 billion to reach $585.895 billion for the week ending October 13, according to the Reserve Bank of India (RBI). The increase comes after a decrease of $2.166 billion in the previous week. Foreign currency assets dropped by $178 million to $519.35 billion, while gold reserves increased by $1.27 billion to $43.58 billion.

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1.69 million formal jobs created under EPFO in August

CFO News

Labour ministry’s payroll data for EPFO, released on Friday, shows the formal jobs created in August this year were the same as August last year though the net new subscriber addition fell by over 10% month-on-month with 1.87 million subscribers added to the retirement fund body in July this year.

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EU only wants free trade deal with India that gives it 'real' market access

CFO News

European Union member states are pushing for a free trade agreement with India, but only if it provides real access to India's markets, according to Spanish Deputy Trade Minister Xiana Mendez. The EU wants greater access to Indian markets for its cars, alcoholic drinks, and agri-food products, while India is seeking easier visa access to the EU for Indian professionals.

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US auto strike's economic fallout starts to hurt global businesses

CFO News

The month-long strike by hourly workers at the Detroit Three automakers is starting to have a financial impact on businesses, including airlines and auto parts makers. Analysts warn that the cost could increase if the strike continues. Companies are already counting the cost of lost revenue in an uncertain economy.

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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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All of HUL's categories have room for strong growth: MD

CFO News

Hindustan Unilever (HUL) managing director, Rohit Jawa, stated that all the categories in which the company operates will experience an S-curve of growth driven by increased per-capita consumption and higher rural contribution. He mentioned that HUL has already shown this growth curve in categories such as home care and fabric conditioners, and sees similar opportunities in new demand spaces.

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Interest rates will stay high for now, says RBI Governor Shaktikanta Das

CFO News

The Indian economy has developed resilience, enabling it to withstand large shocks and navigate an increasingly turbulent global landscape, the governor said, urging banks and financial institutions not to lower their guard.

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Volatile food prices to keep monetary policy makers on alert

CFO News

The Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets.

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It's the beginning of Bharat Era: Foxconn

CFO News

Foxconn's India representative V Lee posted on LinkedIn photos of the company's Hon Hai Tech Day 2023 that took place on October 18 and captioned it, "Great event with so much India ambitions, beginning of the Bharat era, devoting to EVs and semiconductors.

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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.