Tue.Jul 30, 2024

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BlackBerry promotes cyber finance chief to company CFO

CFO Dive

The CFO shift comes as BlackBerry looks to realize $150 million in cost saving actions and to continue its separation plan for its IoT and cybersecurity divisions.

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Financial Harmony: Leveraging SAP for Treasury and Working Capital Mastery

Navigator SAP

Keeping your company's finances in check can feel like a tightrope walk, but mastering treasury and working capital management can keep you balanced. Enter treasury and working capital management – the dynamic duo that ensures your company’s cash flow is steady, risks are minimized, and your financial health is top-notch. SAP’s Treasury Management solutions are here to make this a breeze.

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Trending Sources

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Startup focused on easing digital B2B payment pain points raises $9M

CFO Dive

The move comes as digital business-to-business payments are expected to surge in coming years, creating challenges for many vendors.

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A Modern Nonprofit Podcast: The Generational Impact of Women in Leadership

The Charity CFO

We have an exciting conversation planned today with Alyssia Palacios-Woods, Executive Director at Capital IDEA in Austin, TX joins us. Like most, Alyssia’s journey didn’t finish the way she started. Originally in design and advertising, she decided that utilizing her skill sets to help people (and value helping people), was closer to what she wanted to do.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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GenAI is impacting M&A activity, dealmakers say

CFO Dive

Some companies are looking to acquire GenAI products, while others are focused on using the technology to support the M&A process, KPMG found.

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Minnesota CPAs eye 2025 after 120-hour bill stalls

CFO Dive

The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.

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Panama: The Promise Of Positivity

Global Finance

As a new government takes office, optimism is growing that economic expansion will resume in Panama. But fiscal challenges, plus troubles in the mining sector, suggest caution. Shortly after taking office on July 1, new President José Raúl Mulino confirmed one of his biggest campaign promises: the start of the 391-kilometer Panama-David rail project that will link the country’s disparate regions.

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Joann CFO out amid leadership revamp

CFO Dive

The crafts retailer, fresh out of bankruptcy, has brought on new executives in tech, operations and merchandising.

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Transforming Indian Accounting Firms: A Long Journey to Global Prominence

CFO News

In this insightful article, Ashok Haldia, seasoned finance expert and Chartered Accountant, explores the evolution of India's accounting profession, its challenges, and the path to achieving global prominence.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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AI-enhanced malicious attacks emerge as top risk for enterprises in Q2

Future CFO

A Gartner study revealed that there is a rising concern of artificial intelligence-enhanced malicious attacks as these become top emerging risk for enterprises in the second quarter of 2024. The survey, which polled 274 senior enterprise risk executives, showed that new concerns regarding soft ransomware targets are also coming to the forefront of enterprise risks.

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Centre collected Rs 98,681 cr from LTCG tax in FY23, not to abolish tax on equities or MFs in FY25

CFO News

The Centre on Tuesday informed that it collected nearly Rs 98,681 crore from long-term capital gains (LTCG) tax in FY23, a nearly 15 per cent growth from Rs 86,075 crore in FY22.

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Accounting Firms Find New Ways To Finance Growth

Global Finance

Mid-tier accounting firms have found new paths to finance their growing needs. Last November, US accounting firm Forvis purchased the US unit of French Mazars to create a robust audit and advisory network. A few months earlier, BDO turned to an employee stock ownership plan to foster employee recruitment. Earlier this year, Chicago-based Grant Thornton recently sold a stake in the firm to private equity fund New Mountain Capital to invest more quickly in technology and personnel.

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The Mentoring Round | Seth Wunder, CFO, Acorns

CFO Thought Leader

Inside The Mentoring Round , CFO Seth Wunder shares a finance strategic moment that explores an earlier career chpater where he was working for an underperforming mission-driven company in 2016-2017. He realized that a strong customer experience must align with financial sustainability. Through close collaboration with management, he learned the importance of balancing growth and profitability to fulfill long-term missions.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Stories of Progress: Empowering Indigenous women in business through BMO’s Zero Barriers to Business

Bank of the West

At BMO, our commitment to creating a path to making real financial progress is a priority. Recently, our Zero Barriers to Business initiative has been expanding further into the Indigenous… Read more The post Stories of Progress: Empowering Indigenous women in business through BMO’s Zero Barriers to Business appeared first on About BMO.

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#FASuccess Ep 396: Leveraging Coaches To Delve Deep Into A Divorce Specialization That Brings A Steady Flow Of Ideal-Fit Clients, With Michelle Klisanich

Nerd's Eye View

Welcome everyone! Welcome to the 396th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Michelle Klisanich. Michelle is a Wealth Advisor for Financially Wise Divorce, a hybrid advisory firm based in Minneapolis, Minnesota, that oversees $87 million in assets under management for 91 client households. What's unique about Michelle, though, is how she has leveraged her learnings from several different business coaches over the course of her career, which gave her th

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Manufacturing to propel India’s journey of Viksit Bharat: PM Modi

CFO News

Prime Minister Modi expressed, “India is going to be a global player, and India’s private sector is an empowered medium to make India a Viksit Bharat.

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Rapido liable to pay GST for cab services: Karnataka AAR

CFO News

The Bengaluru-based company is evaluating challenging the ruling, which opens it up to previous tax dues. Rapido, which originally started as a bike taxi platform, had launched its four-wheeler cab services across cities such as Bengaluru, Delhi-NCR and Hyderabad on the subscription model.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Budget 2024 misses mark on comprehensive custom duty rationalisation, say experts

CFO News

Though Finance Minister Nirmala Sitharaman made multiple announcements regarding custom duties, experts say it could have made a comprehensive rationalisation of custom duties and given clarity on foreign trade strategy.

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Hinduja Group ready to pay Rs 2,750 crore now for Reliance Capital resolution, files intervention application before NCLT

CFO News

In an email communication from IIHL’s CEO, Moses John, to RCap administrator Nageswara Rao, IIHL emphasized the need to complete multiple action points before transferring the amount to the escrow account. John urged both sides to coordinate and finalize the formalities promptly.

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Capital gains tax framework completely overhauled: Changes that can hurt you, measures that can lower your tax

CFO News

In a paradigm shift, Budget 2024 has completely overhauled the capital gains tax framework.

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Reduction of Corporate Tax, removal of Angel Tax will help promote India-US economic ties: Ex-CEA Subramanian

CFO News

The Indian government has announced measures to promote India-US economic engagement, including a reduction of corporate tax from 40% to 35% and the removal of the Angel Tax. The move is seen as a strategic move to strengthen India's economy and foster inclusive development. The budget also includes provisions for capital expenditure on infrastructure, which could boost job creation.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Piyush Goyal slams India Inc for focusing on small gains

CFO News

Commerce Minister Piyush Goyal criticized Indian industries for prioritizing imports over local products, impacting foreign exchange reserves. He noted their reluctance to offer market access while demanding duty concessions in FTAs. Goyal also expressed concern over low industry participation in meetings aimed at boosting local value-add and exports.

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MSMEs in India generated over 20.5 crore jobs in 4 years: Centre

CFO News

The micro, small and medium enterprises (MSMEs) in India have generated more than 20.5 crore jobs in the last four years, the Centre informed on Monday.

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Sebi proposes to relax disclosure framework for certain FPIs

CFO News

The Securities and Exchange Board of India proposed relaxing disclosure norms for large foreign portfolio investors from neighboring countries. Sebi recommended setting a threshold for disclosure requirements. If entities from LBCs or non-LBCs hold more than 50% or 67% of the assets, FPIs will be exempt from providing granular details.

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Cannot allow Paytm type contamination in stock markets: Sebi chief

CFO News

Sebi chairperson Madhabi Puri Buch pointed out that every market participant will have to adhere to the highest standards of KYC to ensure bad apples are kept out of formal financial services.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.