Thu.Jun 27, 2024

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The Digital Green: How ERP Systems are Shaping Sustainable Business Landscapes

Navigator SAP

The Green Wave and ERP In the early 2010s, businesses began to embrace the green wave with Environmental, Social, and Governance (ESG) principles, marking the start of the Green ERP sustainability movement. This shift was driven by growing awareness of environmental issues, the rise of corporate social responsibility (CSR), new regulations, and the realization that ESG is good for business.

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A CFO summer playlist

CFO Dive

With summer kicking into high gear, it’s a good time to add a little finance-inspired fun — yes sometimes we all need a reminder money can be fun — to your next gathering.

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Trending Sources

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Inflation is Obvious But Wage Gains Seem Invisible

Barry Ritholtz

I’ve been observing how radically unusual various sentiment readings have been for a few years now. It made little sense to me that the post-pandemic era saw sentiment levels far below major dislocations such as the ‘87 crash, the 9/11 terrorist attacks, the Dotcom implosion, or the 08-09 great financial crisis. We have tried to identify the causal factors by considering social media , increases in partisanship , ignorance, even trolling of pollsters.

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Cyberattack costs outpace insurance coverage: Sophos

CFO Dive

Only 1% of organizations that made a cyber insurance claim within the previous year saw their policy cover 100% of the costs they incurred while remediating the incident.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Finance leaders see GenAI to have most immediate impact on forecast, budget

Future CFO

Finance leaders are now seeing generative artificial intelligence to have the most immediate impact on explaining forecast amd budget variances, according to Gartner, Inc. A recent Gartner survey revealed that 66% of finance leaders think the technological advancement will affect these organisational functions, as it also showed that there are high levels of uncertainty among finance executives regarding the challenges the implementation of GenAI will bring about.

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Kitces & Carl Ep 141: Creating The Space To Have More Meaningful Money Conversations With Clients

Nerd's Eye View

The practice of asking questions has always been an integral part of the financial planning process. In the early days of the advicer industry, those questions almost exclusively dealt with facts around a client's or prospect's financial situation to determine (ultimately) what products the adviser should recommend. However, given the industry's ongoing transition away from being primarily transaction-focused and towards being relationship-based, advicers have had to learn how to develop meaning

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How a CFO Ensures Compliance in Financial Reporting

CFO Share

How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small team hope to achieve the quality of a public company? Yet missteps in compliance can lead to severe consequences, including bad decisions, financial penalties, and a loss of credibility amongst your investors.

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How to Succeed as a Nonprofit Executive Director

The Charity CFO

Leading a nonprofit organization isn’t just about passion–it’s about effective leadership. Nonprofit executive directors play an irreplaceable role in steering their organizations toward success. This guide will explore key strategies and insights to help you excel as a nonprofit executive director. Whether you’re a seasoned pro or new to the position, this roadmap will help empower you to make a meaningful impact in your community.

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Customized Financial Reporting for Better Decision Making

CFO Plans

Tailored Solutions that Drive Business Growth In today’s fast-paced business world, companies face mounting pressure to streamline operations, boost profitability, and make informed strategic decisions. One effective strategy businesses are adopting is outsourcing their accounting services. By leveraging tailored financial solutions, companies can drive growth and navigate the financial landscape with confidence.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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The Mentoring Round | John Lutz, CFO, Sellars

CFO Thought Leader

Inside The Mentoring Round, CFO John Lutz of Sellars highlights the company’s innovative use of recycled paper technology, providing a unique market advantage. His current priorities include enhancing IT systems and customer interaction platforms, along with further automating processes to leverage data effectively. Separately, Lutz reflects on his days at Charter Steel, where he identified gaps in the company’s financial modeling and spearheaded the implementation of an advanced costing s

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Not with the same company, employees switching jobs continues

CFO News

It's an exceptionally unusual trend. On one side, the unemployment ratio is going up, but on the other hand employees are leaving their jobs significantly. This is an emerging trend across the world. According to PwC’s Global Workforce Hopes & Fears Survey, about 28% of respondents are now considering resigning, compared to 19% during the height of the Great Resignation in 2022.

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India inclusion in JP Morgan Bond index from today, $25-30 bn flow expected. What it means

CFO News

India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.

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RBI's new valuation rule may hit banks' trading gains in Q1

CFO News

Government bond yields have declined in the current quarter due to foreign inflows ahead of inclusion of domestic debt in JPMorgan's emerging market index. Yields on the 10-year benchmark government bond were at 6.99% on Thursday, down from 7.05% at the end of the March quarter.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Birla Group cements lead, Adani plans taking shape

CFO News

According to industry observers, the competition for leadership in the cement sector is expected to escalate following the Adani group's announcement of ambitious expansion plans. Currently, however, the Kumar Mangalam Birla group appears to have strengthened its position by acquiring a 23% stake in India Cements, thereby increasing its presence in the largest regional market in India, which boasts one of the highest per capita income.

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High taxes, selective bans drive 30% growth in illegal online gambling in India, says study

CFO News

The illegal betting market, already thriving in India, is expected to grow by 30% in the coming years, as per a new study. Inadequate legal frameworks, selective banning, and high taxation on legitimate online gaming platforms seem to be key factors contributing to this trend.

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Synopsys will help Tata Electronics design custom chips

CFO News

US-based chip design company Synopsys will help Tata Electronics in multiple aspects of its fab facility—India’s first—coming up in Gujarat and its assembly and testing unit in Assam, chief executive Sassine Ghazi told ET. Ghazi also met with Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.

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Exporters seek separate division for non-trade issues, faster customs clearance

CFO News

Exporters requested the establishment of a distinct division within the Commerce and Industry Ministry to address non-trade barriers, particularly those related to environment and sustainability. During their discussion with Union Minister Piyush Goyal, they also highlighted concerns about Chinese goods entering India via the ASEAN free trade agreement.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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L&T hit by 'severe' skilled manpower shortage: 45,000 engineers & techies needed

CFO News

Larsen & Toubro (L&T) faces a severe shortage of skilled labor, with a deficit of 25,000 workers in engineering and construction, and 20,000 in IT and IT services, per its Chairman S N Subrahmanyan. This shortfall, due to various factors including high attrition and migration, is affecting project execution.

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Gender ratio improves at old IIMs as they take more female candidates

CFO News

Indian business schools are prioritizing gender diversity by admitting more women to their flagship programs, reflecting a broader trend in corporate India. Efforts to enhance classroom dynamics and prepare students for diverse workplaces are also underway.

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Vodafone Idea's 'big' spectrum spend to help plug user exodus

CFO News

Analysts added that Vi's spectrum spends of about Rs 3,510 crore - almost 12 times its Rs 300 crore earnest money deposit (EMD) - on the heels of a recent fundraise of about Rs 23,000 crore suggests the telco is preparing for network rollouts and plans to use its fresh 900 MHz spectrum to enhance 4G experience and rein in customer losses.

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Financial stability matrix at best, assign highest priority to governance: Das

CFO News

"New technologies offer gains in efficiency and customer experience, but they can also bring with them sudden and widespread disruptions to the financial system. This requires that all stakeholders not only invest adequately to take full advantage of technological advancements but also take steps to safeguard the security and soundness of their systems," he said.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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RBI announces SAARC Currency Swap Framework for period 2024 to 2027

CFO News

In the 2024-27 Framework, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee, totaling Rs 250 billion. The RBI will also offer swap arrangements in USD and Euro under a separate US Dollar/Euro Swap Window, with an overall corpus of US$ 2 billion.

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M&M Finance CFO Vivek Karve resigns

CFO News

CFO Vivek Karve will continue serving beyond his notice period until October 31, 2024, covering the announcement of financial results for the second quarter of FY25.

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Union Budget preview: How the govt may spend Rs 2.11 lakh crore RBI dividend windfall

CFO News

Union Budget: A large part of these additional receipts would be spent under various heads, while a small portion could be used to reduce the fiscal deficit.

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Foreigners buy Indian debt on eve of JPMorgan index inclusion, indicators signal

CFO News

Currency market reacts to India's JPMorgan index inclusion with increased foreign buying and dollar transactions by large banks. Traders anticipate passive inflows despite the rupee's limited appreciation. RBI expected to manage the market dynamics prudently.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.