Thu.Sep 14, 2023

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EY launches $1.4B AI-focused platform

CFO Dive

The Big Four firm’s dedicated AI group comes as accounting and financial firms continue to write large checks aimed at cashing in on the technology’s potential.

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What does revision in banks’ investment classification norms imply for banking?

CFO News

The revised accounting norms for investment portfolio, which are effective from April 1, 2024, and are in line with the global financial reporting standards, are expected to enhance the quality of banks' financial reporting, as well as improve disclosures, say experts.

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Netflix CFO sees fallout from Hollywood strikes

CFO Dive

The strikes are “not good for the business,” Netflix CFO Spencer Neumann said in a frank assessment of the situation’s financial impact.

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PM Modi lays foundation stone for Rs 49,000 cr refinery expansion project in MP

CFO News

While laying the foundation stone of the Petrochemical Complex at Bina Refinery, the Prime Minister said that it will be a step forward in the direction of Atma Nirbharta in the petrochemical industry.

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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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CEOs trim hiring plans

CFO Dive

CEOs at many of the biggest U.S. companies forecast that the economy will grow 2.1% this year, according to the Business Roundtable.

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Apple backs California climate bill requiring large companies to disclose carbon footprint

CFO Dive

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

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The Cost of Not Keeping Accurate Records

CFO Share

When navigating the complex realm of business, one quickly realizes the critical role that accurate bookkeeping plays. It’s not just about numbers; bookkeeping is the lifeblood of informed decision-making, financial clarity, and business credibility. However, the importance of bookkeeping is commonly undervalued, causing financial missteps and damaging stakeholder trust.

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ESG ratings fluctuate for asset managers: Morningstar

CFO Dive

Three U.S.-based firms saw their grades move up, while UBS Asset Management slipped following its merger with Credit Suisse.

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Suzlon to cut exposure to global markets, focus on local demand: CFO

CFO News

The lower focus on the external headwinds can save any company from fluctuations in revenue, should there be any global headwinds, economic slowdown, and volatility, says Himanshu Mody.

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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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G2 awards Cube 32 badges and top spot for "CPM" and "Budgeting and Forecasting" (Fall ‘23)

Cube Software

It’s official: Cube receives 32 badges in G2’s Fall Report In addition to earning the top spot for Corporate Performance Management (CPM) and Budgeting and Forecasting , Cube’s G2 badges were earned across several disciplines, including Financial Close and Financial Analysis.

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Future Proof 2023: That’s a Wrap!

Barry Ritholtz

I made it back home from California late last night after a long day of travel and an exhausting but absolutely exhilarating week. Following the breakout success of Future Proof 2022, this year’s event was even bigger and better — almost 3,000 attendees and nearly 200 sponsors. Everything about this year was next level — the audience, the sponsors, the bands, it was amazing!

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What Is a Corporation? How To Make a Corporation and How They Work

CFO Share

Starting a business is an exciting venture, and choosing the right structure is crucial for your success. Why form a corporation? Understanding what a corporation is and how to make a corporation can be the key to setting your business on the path to success. Understanding Corporations A corporation is a legal entity that is separate from its owners.

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Tax transformation: Compliance is many firms’ greatest challenge

Future CFO

When it comes to tax transformation, compliance is seen as the greatest challenge among 43% of companies surveyed by Deloitte. The company recently released results of its 2023 Tax Transformation Trends survey, a biannual effort which details sentiments from more than 300 senior global tax and finance executives. To respond effectively to increasingly complex changes — including OECD Pillar Two requirements and the rise in indirect taxes around the world — tax departments will need both access t

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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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Grasim eyes paint business entry in Q4 to step up market share fight for Berger, others

CFO News

Birla Opus: Grasim Industries, the flagship company of Aditya Birla Group, has announced the launch of its paints business called Birla Opus. The company plans to enter the decorative paints segment in the fourth quarter of FY24. Grasim aims to become the second-largest player in the market and has committed to investing around Rs 10,000 crore.

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The BP&B Health Check: Your Roadmap to Financial & Operational Excellence

E78 Partners

The famous author, Seth Godin wrote , “Change almost never fails because it’s too early. It almost always fails because it’s too late.” Today, companies must adapt, evolve, and plan meticulously to stay competitive and profitable. Leaders are at the helm steering their organizations through changing consumer, market, and Board expectations. To guarantee they remain on the right course, having a solid plan and budget in place is paramount for ensuring success.

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Reliance-owned Hamleys opens Milan store with Italian franchise partner GP

CFO News

Hamleys, which was acquired by Reliance Brands in 2019, plans to establish itself as a focal point in Milan and will also open a flagship store in Rome. The iconic toy retailer currently operates in 15 countries with 191 stores worldwide.

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The Climb to Profitability | Jeff Coulter, CFO, Cognite

CFO Thought Leader

932: Finance’s Leadership Paradox | Jeff Coulter, CFO, Cognite MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

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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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Services could be India’s growth driver, help generate 70mn jobs over next decade: HSBC Global Research

CFO News

India's services sector has the potential to drive growth and job creation in other sectors like manufacturing and agriculture, according to a report by HSBC Global Research. The report suggests that services companies can help smaller manufacturing firms achieve scale by leveraging digital infrastructure and accessing formal credit, cheaper raw materials, and better logistics.

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Segregation of Duties to Prevent Embezzlement

Michigan CFO

In the business world, efficient and accurate processes are essential to smooth operations and safeguarding against potential fraud or errors. An integral part of this is the concept of “Segregation of Duties” (SoD). What is Segregation of Duties? SoD is a risk management strategy that divides critical financial tasks among various individuals. The core idea behind this is simple yet profoundly impactful: No single individual should have control over all aspects of any single transaction.

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Reduce GST on entry-level two-wheelers: FADA to Centre

CFO News

At the Auto Retail Conclave here, FADA president Manish Raj Singhania said while retail sales of automobiles have grown by around 7% in the current fiscal, the entry-level two-wheelers are yet to post strong expansion in volume.

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RBI releases list of 15 NBFCs in 'upper layer' under scale based regulations

CFO News

The Reserve Bank of India has released a list of fifteen NBFCs that fall under the "upper layer" in the scale-based regulation for the financial year 2024. LIC Housing Finance Limited, Bajaj Finance Limited, and Shriram Finance Limited are among the top-ranking companies on the list.

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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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SpiceJet completes $1.5 million payment to Credit Suisse, shares rise

CFO News

SpiceJet has made a payment of $1.5 million to Credit Suisse after the Supreme Court of India ordered the chairman of the budget carrier, Ajay Singh, to pay the amount or face imprisonment. The court had previously asked Singh to make a payment of $500,000 by September 22nd, along with $1 million towards the defaulted amount.

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TotalEnergies in talks to invest in Adani Green’s projects, sources say

CFO News

The deal would increase Total’s presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects. It would also see Total deepen its ties with Adani Green, which it’s already the second largest shareholder of with a 19.75% stake, according to data compiled by Bloomberg.

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S&P warns of possible credit rating downgrade for Vedanta Resources over debt policy shifts

CFO News

S&P Global Ratings has warned that any changes in Vedanta Resources' financial policy regarding debt transactions could lead to a downgrade of its credit rating. This would occur if Vedanta attempts a debt deal without adequate compensation or buys back debt below its face value. Vedanta is currently exploring ways to meet its obligations, but S&P maintains a negative outlook on the company due to potential funding shortfalls.

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Ashwin Sheth Group appoints Gauri Tandle as CFO

CFO News

Gauri possesses twenty-seven years of experience in shareholder value creation, ESG, corporate governance, business partnering, mergers and acquisitions, treasury and funding, investor relations, cost management, taxation, financial accounting, and reporting.

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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.