Fri.Nov 03, 2023

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Financial Planning for Efficient Financial Management

Spreadym

Financial planning is the process of assessing your current financial situation, setting financial goals, and creating a strategy to achieve those goals. It involves evaluating your income, expenses, assets, and liabilities to develop a comprehensive plan for managing your finances effectively. Financial planning typically includes the following key components: Setting Financial Goals: Identify and prioritize your short-term and long-term financial objectives, such as saving for retirement, buyi

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RBC settles software accounting violation charges with regulators

CFO Dive

The Royal Bank of Canada’s $6 million SEC penalty comes as FASB is updating U.S. guidance for tracking software costs for the first time in decades.

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Grow with SAP S/4HANA

Navigator SAP

Growth-focused businesses need the infrastructure for rapid scaling, but typically they don’t have time for large software adoption projects. SAP has a solution. Earlier this year, SAP announced S/4HANA Cloud Pubic Edition and its new Grow with SAP program. Beyond the vague corporate-speak embedded in the announcements were a pretty significant evolution of SAP’s products that benefit fast-growing companies looking to lay down an enterprise resource planning architecture for sustained and rapid

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Most execs do not see AI shrinking financial teams

CFO Dive

KPMG found in a survey that 55% of executives do not expect AI to replace financial reporting jobs. But 39% of respondents disagree.

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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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What Do World War II & Covid Have in Common?

Barry Ritholtz

We just experienced the strongest economic recovery since the end of World War II Source: Irrelevant Investor Light posting as I’m getting ready for some travel, but this chart is so amazing. It’s hard not to look at the two biggest recovery outliers: The post-WW2 era, and the post-Covid Era. The parallels are pretty strong, especially when it comes to both the Labor market and the Inflation surges.

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Weekend Reading For Financial Planners (November 4-5)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor this week released its long-awaited "retirement security rule", its latest effort to curb conflicts of interest around retirement savings recommendations. Among other measures, the proposal would amend the current 5-part test that determines fiduciary status for retirement accounts by defining as a fiduciary act a one-time recommendation to roll fun

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The AI Moment Comes to Wall Street

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Eric Jackson, and Downtown Josh Brown discuss the market’s strong start to November, using AI and machine learning to find alpha, the magnificent 7, fintech stocks, the court ruling impacting real estate stocks, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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CCI launches market study to gauge state of fair trade rules in cement sector

CFO News

The Competition Commission of India (CCI) is initiating a comprehensive nationwide market study on the cement sector, which has faced accusations of cartel formation affecting pricing. The CCI clarified that this study would be independent of any ongoing anti-competitive behavior cases. The regulator emphasized the significance of a competitive cement market due to its critical role in various sectors like housing and infrastructure, which can influence the country's economic growth.

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Transform your finance team into strategic business partners with Cube's Finance Acceleration Framework™?

Cube Software

Transforming from report-builders to strategic partners The role of finance teams is undergoing a fundamental shift. They’re no longer simply report-builders, but navigators, steering the ship with strategic foresight.

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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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Centre notifies amnesty scheme allowing filling appeal under GST till January 31, 2024

CFO News

In a detailed notification issued Tuesday, the central Board of Indirect Taxes and Customs (CBIC) said that to file an appeal, appellant has to partially pay the penalty or interest out of disputed order, have to pay 12.5% of the disputed tax amount or Rs 25 crore out of which 20% payment has to be done via electronic cash ledger.

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Metro Signs & Lighting Fractional CFO Testimonial

Focus CFO

Our sherpa team of Area President Jeff Farrington and Fractional CFO Rachiel Spiewak has been lucky enough to work with Metro Signs & Lighting, one of the top providers of high-quality, custom sign and lighting solutions in Detroit and Grand Rapids. We have been proud to be a small part of their phenomenal growth and have enjoyed the process of mentoring their finance team and ensuring that they are positioned for continued success.

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Britannia flags 'clear' signs of slowdown in rural economy

CFO News

FMCG major Britannia Industries has raised concerns over clear signs of a slowdown in the rural economy, said the company in its earnings conference call. On Wednesday, the company posted a 19% year-on-year (YoY) growth in consolidated net profit for the quarter ended September to Rs 588 crore. Britannia will correct the pricing once commodity prices soften.

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Strategic planning tools for SMBs: streamlining decision-making and boosting profitability

Cube Software

The role of strategic planning in SMBs A well-defined strategic plan helps SMBs focus their resources efficiently. It guides decision-making processes, from hiring and budgeting to marketing and product development. By setting priorities, SMBs can allocate their limited resources to areas that will yield the most significant impact.

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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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Strong economy has nations vying to lure Indian tourists

CFO News

A McKinsey study released Thursday showed, globetrotters from India are set to soar, given the relative economic prosperity and a growing propensity for international travel. "If India follows China's outbound travel trajectory (which it could, due to similarity in population size and per capita income trajectory), then Indian tourists could make 80 to 90 million trips a year by 2040," said the report, From India to the world: Unleashing the Potential of India's Tourists.

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Revenue planning software for SMBs: a finance leader's guide

Cube Software

The essentials of revenue planning for SMBs SMBs often operate as organizations with leaner margins and less wiggle room when it comes to financial errors. A misstep in revenue planning can lead to serious consequences: cash flow shortages, missed opportunities for growth, or even the inability to meet basic operational costs. It's about more than just predicting sales; it's about ensuring the financial health and resilience of the business.

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Banks raise unhedged currency risk issue with RBI

CFO News

Recent meetings between senior officials of the Reserve Bank of India (RBI) and bank treasury executives have focused on market appetite for upcoming green bond sales even as the likelihood of liquidity-draining open-market auctions remain a concern for an anxious bond market.

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Operational planning software: top tools to enhance efficiency

Cube Software

The role of operational planning software in finance and FP&A Operations planning (OP) software is essential for finance and FP&A teams. It helps transform strategic goals into day-to-day tasks, making complex financial management more manageable and precise.

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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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RBI imposes monetary penalty on PNB, Federal Bank, and two NBFCs

CFO News

The penalty was imposed on Punjab National Bank due to several violations, including levying SMS charges on certain accounts despite maintaining invalid mobile numbers in the Core Banking Solution (CBS), not strictly adhering to the interest rates as per the pre-disclosed schedule in several term deposit accounts, and failing to specify the interest reset date in MCLR-linked loans.

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Strategies for Consistent Hiring: A Guide for Digital Marketing Agency Owners

Adam Kae

Unlocking Success: Consistent Hiring for Digital Marketing Agency Owners Digital marketing agency owners: Are you often feeling overwhelmed, trying to keep up with the rapid growth of your agency? If so, you're not alone, and I understand the challenges you face. One of the most significant obstacles I've noticed is the inconsistency in hiring. Today, I want to delve into the importance of maintaining a continuous and effective hiring process.

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Narayana Group company raises ?1,150 crore from Barclays, Axis Finance and Singapore sovereign fund GIC

CFO News

Silverline Investment and Finance (SIFPL), an investment vehicle of the Hyderabad-based Narayana Group that operates one of the largest chain of schools and colleges across India, raised ₹1,150 crore for five years at 12.95% on Thursday. Morgan Stanley Private Equity and Banyan Tree Capital, which invested in Narayana Group entity NSPIRA Management Services in mid-2018, were given the exit option.

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When Should You Hire a Part-Time Bookkeeper?

CFO Share

As a business grows, so do its financial intricacies. It’s common for many small business owners and finance directors to handle accounts receivable, accounts payable, and other financial tasks themselves in the early days. However, as the business scales, this can become overwhelming. The question then arises: is it time to hire a part-time bookkeeper?

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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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NCLT admits Aditya Birla Finance's insolvency plea against Siti Broadband Services

CFO News

In 2020, Siti Broadband had availed of a loan of ₹5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments after a moratorium of five quarters from the first disbursement. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.

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Trump ex-CFO’s severance terms come under NY AG fire

CFO Dive

Allen Weisselberg’s $2 million severance agreement includes language barring the ex-CFO from disparaging the Trump Organization.

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Right policies have drawn ?50,000 cr FDI in food processing, says PM Modi

CFO News

Addressing the World Food India 2023 meet on Friday, the Prime Minister also batted for promoting the one district-one product plan. He disbursed Seed Capital Assistance to one lakh women involved in the Self-Help Groups sector. He stated that women have a natural ability to lead the food processing segment and form the backbone, along with small farmers and small industries, of this sector.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning WFH reads: • Daylight Saving Time as Americans know it was instituted by corporate lobbies, not farmers : At some point in elementary school, many American children learn that Daylight Saving Time was originally intended to give farmers an extra hour of light to work the fields. That is, in fact, a lie. ( Quartz ) • Americans Like Sharing Bad Economic News Way Too Much : The misery index was twice as high in the 1970s than it is now, yet consumers report hearing negative t

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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.