Tue.Jan 02, 2024

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Driving FP&A transformation in 2024

CFO Dive

Indirect spend is an area that is perfect for radical automation — the kind that can deliver huge cost savings for a business, writes Globality’s Seth Catalli.

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India's manufacturing PMI softens to 18-month-low at 54.9 in Dec: Report

CFO News

India's manufacturing sector sustained growth at 54.9 in December, an 18-month low. Despite this dip, softer increases in orders, controlled inflation and stable employment showcase resilience. Optimistic outlook prevails for the future.

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Trending Sources

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CFO optimism rises on outlook for 2024 economy: Fed

CFO Dive

Financial executives expect solid business performance in 2024, forecasting on average 5% revenue growth and a 2.7% expansion in payrolls.

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Not business as usual: How COVID-19 reshaped the narrative for Malaysia Aviation Group

Future CFO

Malaysia Aviation Group ’s (MAG) post-pandemic balance sheet is healthier than before COVID-19. The company reported a post-tax profit of RM1.146 billion for the fourth quarter of 2022, its best-ever quarter performance in the past two decades, according to its group chief financial officer Boo Hui Yee. The cash balance stood at RM4.6 billion at the end of December 2022, and the full-year net loss after interest and tax dropped 79% to RM344 million from RM1.65 billion a year ago.

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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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AI may boost M&A dealmaking this year

CFO Dive

M&A activity could be on the verge of a rebound this year, with artificial intelligence playing a key role, analysts say.

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More Trending

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Bank veteran takes Piper Sandler CFO reins

CFO Dive

Kate Clune, who previously logged 16 years at Morgan Stanley, officially replaced Piper Sandler’s retiring CFO Tim Carter on New Year’s Day.

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#FA Success Ep 366: Avoiding The ‘Big Swap’ Of Wealth And Health As Your Advisory Firm Grows, With Stevyn Guinnip

Nerd's Eye View

Welcome to the 366th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Stevyn Guinnip. Stevyn is founder of Grow Wellthy, a health and wellness consulting firm based in Springfield, Missouri that specializes in working with busy – but not always healthy – financial advisors. What's unique about Stevyn, though, is how she combines her family roots in financial advice with her decades-long career in wellbeing and health as a coach to financial advisors,

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Life Time Group CFO abruptly resigns amid push for positive cash flow

CFO Dive

The CFO shift comes as the company weathers rising operating costs for its fitness centers.

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SC to pronounce judgement today on Adani-Hindenburg row over charges of market manipulation

CFO News

The Supreme Court will issue a verdict on petitions related to the Adani-Hindenburg row, alleging stock price manipulation by the Indian corporate giant. The court will deliver the judgement on up to four petitions, filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. The pleas claimed that the Adani Group, close to the Modi government, inflated its share prices and the share value of various group entities fell sharply after the Hindenburg Research repor

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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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First American Financial confirms threat actors stole and encrypted data

CFO Dive

The title insurance giant said the cyberattack is contained, but it is still working to determine whether the incident will have a material impact.

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2023 Sherpa Awards

Focus CFO

Each year we meet at our annual All-Hands meeting to learn, share best practices, celebrate our accomplishments, and recognize exemplary associates. Here are the recipients of our 2023 Sherpa Awards, recognizing Fractional CFOs who helped their clients navigate a successful climb up the mountain - and a successful exit! " The Sherpa Award is designed for CFOs who collaborate closely with clients.

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Change Management is Key to Digital Transformation Success

Bramasol

In today's fast-paced business environment, digital transformation has become a necessity rather than a luxury. Organizations are constantly seeking ways to evolve and stay competitive in the digital age. However, implementing digital transformation projects is not as simple as adopting new technology. It involves a complex process of redefining workflows, business models, and employee roles.

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962: Stay Calm and Carry On | Brandon Nussey, CFO, Coveo

CFO Thought Leader

More than any other human quality or characteristic, Brandon Nussey is known for his calm demeanor—or so Coveo’s finance leader tells us near the end of our discussion. It’s an observation that we’re not about to refute. After having spent 40 minutes in trying to identify just what it is that sets Nussey apart from his CFO peers, we had found his composure a trait to flag, even if he hadn’t ended up doing so himself.

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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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Adani Hindenburg Case Verdict: SC asks SEBI to finish probe in 3 months, says no ground to transfer case to CBI

CFO News

Adani Hindenburg Case Verdict: The Supreme Court has instructed SEBI to conclude its investigation into allegations against the Adani Group within three months. The court, led by Chief Justice DY Chandrachud, dismissed the notion of transferring the case to the CBI, emphasizing no grounds for skepticism in SEBI's actions. Adani faced volatility in 2023, accused by Hindenburg Research and OCCRP, but rebounded after the US government, and SEBI found allegations insignificant.

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CFOs in Asia-Pacific optimistic on regional economic outlook, survey says

Future CFO

Chief financial officers in the Asia-Pacific across various sectors such as financial services, life sciences and health care, manufacturing, public sector, TMT, energy and resources, and consumer business are generally optimistic and neutral about the regional economic outlook. This is the findings of Deloitte 's Asia-Pacific CFO Survey which asked 276 CFOs in the region in a bid to understand the challenges, priorities and ways they seek to navigate the years ahead.

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Religare Finvest issued Esops to Rashmi Saluja a day after Burmans' open offer

CFO News

The award in the unlisted subsidiary ascribed its value in a band of Rs150-260 crore. Previously, proxy advisory firm InGovern had estimated the Esops awarded to Saluja in Religare Enterprises as well as its health insurance subsidiary Care Health Insurance to be worth Rs480 crore.

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IPOs in China to maintain pace, HK to see rebound in 2024: Deloitte

Future CFO

IPOs in China are expected to maintain its pace in 2024 while the Hong Kong market would rebound when US interest rate hikes end and funds redirect to Asia, said Deloitte China recently. As of 8 December 2023, assuming announced listings complete before the end of the year, the Shanghai and Shenzhen stock exchanges are expected to have led the global IPO market in 2023 by funds raised, Deloitte China's Capital Market Services Group (CMSG) noted.

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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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Banks' pass through of rate hikes fastest of past three cycles: RBI

CFO News

“Monetary policy transmission to bank lending and deposit rates has been stronger in this cycle compared to previous cycles” the Reserve Bank of India said In its latest Financial Stability Report.

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How finance leaders can navigate around accounting talent shortage

Future CFO

With the fast pace of the world nowadays, financial leaders face challenges in maintaining and expanding revenue streams while contending with a growing shortage of skilled accountants. The talent gap is placing immense pressure on organisations to find innovative ways to manage their financial functions efficiently. It should be noted that companies of all sizes are turning to outsourcing to bridge the talent gap.

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IT stares at slowest quarterly revenue growth in a decade

CFO News

The third-quarter results season will begin with TCS and Infosys announcing their results on January 11, followed by HCLTech and Wipro on January 12. The focus this quarter will be the commentary on the demand environment and 2024 budgets.

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How Much Do Part-Time CFO Services Cost In 2024?

Driven Insights

We'll reveal how much part-time CFO services cost. And, yes, we'll use real dollar signs. You'll also learn what part-time CFOs actually do.

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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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HUL gets GST notices for Rs 447 crore in five states

CFO News

Hindustan Unilever Ltd (HUL), a leading FMCG maker, has received GST demands and penalties totaling Rs 447.5 crore from authorities in five states. The orders, received on December 30 and 31, 2023, include issues such as the disallowance of GST credit and taxation on expat salaries.

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State Coincident Indicators Slipping

Barry Ritholtz

I am popping out of book leave to share this single data point that snuck out over the holidays: The Federal Reserve Bank of Philadelphia’s State Coincident Indicators for November 2023. I like the SCI – its broad, consistent, and does not operate with too big of a lag. Over the past three months, the indexes increased in 25 states, decreased in 21 states, and remained stable in four, for a three-month diffusion index of 8.

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Torrent Power plans to raise up to Rs 650 crore via NCDs

CFO News

Torrent Power is likely to raise up to Rs 650 crore through the issuance of non-convertible debentures (NCDs). The company is considering issuing the NCDs in tranches of two years, three years, and five years, market sources said. Axis Bank and Barclays are likely the arrangers of the issue.

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Declaration of dividends by banks: RBI reviews certain norms, eligibility criteria

CFO News

The Reserve Bank of India (RBI) has revised its guidelines for the declaration of dividends by banks. The RBI has requested banks to consider divergence in classification and provisioning for Non-Performing Assets (NPAs) and the trend observed under supervisory findings. Banks must also consider auditors' findings and Emphasis of Matter in the Audit report before declaring dividends.

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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.