Fri.Nov 10, 2023

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Why CFOs must remove barriers to growth in a ‘deadweight’ economy

CFO Dive

What sets apart leading efficient-growth companies is the way they remove barriers or “growth anchors” that impede action, Gartner’s Dennis Gannon writes.

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How ERP Can Help Cell and Gene Therapy Companies Manage Clinical Trials

Navigator SAP

Public safety is critically important when it comes to cell or gene therapy solutions. That’s why the FDA mandates clinical trials for all cell and gene therapy innovations before they can go to market. For life sciences businesses focused on cell or gene therapy, these clinical trials are business-defining. They also can be complex to manage properly.

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Revolut appoints interim CFO as it races to meet filing deadline

CFO Dive

Revolut’s interim CFO and new U.K. CEO face an upward battle to win the fintech’s long-sought after U.K. banking license.

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CFOs light the way: Diwali celebrations in India Inc infused with financial optimism

CFO News

In the boardrooms of India Inc, Diwali isn't just a festival of lights but a beacon of hope for CFOs. As offices glow, financial leaders share unique wishes, weaving a tapestry of celebrations and collective aspirations for a prosperous year ahead.

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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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The Smoke Show

The Reformed Broker

OK, we’re trying something new next week for registered financial advisors only. It’s a brand new show we’ve created and you can be there virtually to watch the pilot episode live. As an advisor, you’re going to spend time, money and energy implementing new technology and asset management solutions into your practice. You may as well get good at it.

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Weekend Reading For Financial Planners (November 11-12)

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 Fidelity benchmarking study revealed that both small and large RIAs saw positive organic growth in 2022, helping to mitigate AUM declines resulting from weak market performance. The report also flagged that profit margins for RIAs remained relatively steady over the past several years (despite strong market performance over the period), with the trend of firms offe

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The Recession We Deserve

The Reformed Broker

On episode 117 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Callie Cox and Malcolm Ethridge to discuss: market sentiment, Robinhood earnings, Warren Buffett and his cash, interest rates, the yield curve, recession calls, weight loss drugs, 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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MiB: The Nobel Laureates

Barry Ritholtz

I was recently asked how many Masters in Business guests have won a Nobel Prize. The list appears to be mostly (but not exclusively) behavioral finance types; here is the short-list of laurates, plus a few related columns of Nobel Winners: Danny Kahneman on Noise (May 15, 2021) Paul Krugman on Zombie Ideas (February 15, 2020) Gene Fama (with David Booth) on Efficient Markets (November 9, 2019) Michael Spence, on the Dynamics of Information Signaling (October 26, 2019) Robert Shiller on Narrative

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Industrial growth eases to a three-month low in September; experts say expect a bounce back in October

CFO News

Industrial growth in India eased to a three-month low of 5.8% in September, down from 10.3% in the previous month, due to excess rainfall and a high base. However, experts suggest that growth is expected to rebound in October, with high-frequency indicators showing improvement.

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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 Practical Guide to Navigating Unexpected Offers for Your Business

Focus CFO

Responding to Unsolicited Offers for Your Business What is Causing Unsolicited Outreach from Interested Buyers? Buyers with private equity capital partners are increasing the pace at which they pursue targeted acquisitions Buyers hire professional advisors and develop teams to create acquisition target lists and pursue an outreach process Buyers are highly motivated to execute acquisitions as doing so makes their company more valuable When You Receive an Unexpected Call or Email, What Should You

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How to build a business case for FP&A software

Centage

If you’re in the office of finance, convincing your leadership to adopt FP&A software to help with your workload can be an uphill battle. Excel is deeply embedded in the planning and budgeting process for many organizations. Convincing your company to spend money on new budgeting software when there’s “free” software doing the job right now can be a challenge.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • What the US got right that Europe did not : America’s post-pandemic recovery has left Europe in the dust. ( Financial Times ) • The Land Where Inflation Is Good News : Food and energy price increases triggered by the pandemic and the Ukraine war are helping end the long, bleak era of Japanification. ( Wall Street Journal ) • The Real Reason So Many Asset Managers Are Struggling in China : The world’s second-biggest economy has its own rules of engagement

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Raghuram Rajan says India's current growth isn't enough to create ample jobs

CFO News

Former Reserve Bank of India Governor Raghuram Rajan said India's economy needs to grow at over 8% to meet job demands for its vast population. While the current growth rate of 6%-6.5% is commendable, Rajan flagged the urgency of faster expansion to address the employment needs of the country's youth.

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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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Brookes & Henderson Building Co. Testimonial

Focus CFO

Our sherpa team of Area President Forest Bookman and Fractional CFO Ken Fruscella recently wrapped up a successful engagement with Brookes & Henderson, one of Ohio's top residential builders. We have been pleased to help our clients 'graduate' to a full-time CFO!

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ED attaches assets worth Rs 24.95 cr of Hero Moto’s Pawan Munjal in money laundering probe

CFO News

The Enforcement Directorate has attached three immovable properties worth Rs 24.95 crore to Hero Moto's CMD Pawan Munjal, with the total value of the seizure and attachments now estimated at Rs 50 crore. The prosecution complaint alleges that foreign currency equivalent to Rs 54 crore was illegally taken out of India.

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GAAP: the silent player in Trump civil fraud trial

CFO Dive

Accounting standards and financial statements play key roles in the $250 million civil fraud case against former President Trump.

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India's net direct tax collection rises 22% to Rs 10.60 lakh crore so far in FY24, crosses 58% of budget target

CFO News

Net direct tax collection for the fiscal year surged by 22%, reaching Rs 10.60 lakh crore, surpassing 58% of the full-year Budget target, as reported by the Income Tax department. The net corporate tax collection grew by 12.48%, while personal income tax mop-up rose by 31.77%. Refunds totaling Rs 1.77 lakh crore were issued from April 1 to November 9, 2023.

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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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Ranjan Pai books an Aakash seat with Rs 1,400 crore to clear Davidson Kempner debt

CFO News

Ranjan Pai Aakash: In May, Byju’s had signed a Rs 2,000-crore ($240 million) structured credit deal with Davidson Kempner against the cash flows of Aakash Institute.

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Rupee falls to lifetime low, notches weekly decline

CFO News

Rupee At Record Low: The rupee hit its record low of 83.42 during the session after breaching its previous alltime low of 83.2950 which was hit on Nov. 1.

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11.5 crore PAN cards deactivated for failure to link with Aadhar: CBDT

CFO News

On March 30 last year, CBDT had listed out the implications of not linking PAN and Aadhar cards on or before the deadline June 30, 2023.

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