Sun.Aug 27, 2023

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Cyberattackers have upped their game. Have a recovery plan ready.

CFO Dive

With a good plan, data can be quickly restored after a ransomware attack, bringing systems back online without the need for a hefty payment to a cybercriminal, writes Object First’s Anthony Cusimano.

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ICAI office bearer seeks permission to file complaint against Vice Chairman of key SRSB committee

CFO News

SN Gupta, Head of Technical Directorate of the Institute of Chartered Accountants of India, sends mail to the ICAI secretary making several allegations against Sanjeev Singhal including disregard to office procedures.

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Maintaining strategic alignment: 9 budgeting tips for finance leaders

Cube Software

Tips for aligning your budget with strategic priorities For SMBs, where financial agility can make or break success, it’s crucial to see budgeting not just as a numerical activity, but as a strategic initiative that guides the company's trajectory.

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Brightcom CFO Narayana Raju steps down following SEBI's order

CFO News

Cfo Movement: Brightcom board has also accepted the resignation of Suresh Reddy, who was serving as the Chairman & Managing Director (CMD) of the company.

CFO 98
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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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Optimism in ASEAN remains despite inflation concerns

Future CFO

Optimism in ASEAN remains though inflation is fuelling concerns about a possible economic downturn in the region, said UOB recently when releasing its ASEAN Consumer Sentiment Study (ACSS) 2023. According to the bank, more than 70% of respondents of the study said they expect their country to experience an economic downturn in the next year, putting a lid on recovery hopes as the downcast sentiment remains relatively unchanged from last year.

More Trending

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The five T's of great coaches - Part 6: transformation

Future CFO

Great coaching is about developing care and trust with those you lead, but also pushing them--hard--towards greatness. It's a difficult balance, but when done right it leads to transformation. The post The five T's of great coaches - Part 6: transformation appeared first on FutureCFO.

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Banks won't auction stressed loans covertly

CFO News

Banks in India will no longer be able to secretly auction off stressed loans under a new framework agreed upon by high-street banks. The decision to auction loans must now be notified to all key players in the market, ending the practice of keeping potential bidders in the dark. Banks have also established a timeline to close such deals within seven working days after receiving final approval from lending banks.

Banking 52
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The makings of an effective financial planning calendar

Cube Software

What is a financial planning calendar? A financial planning calendar serves as a roadmap, directing finance teams in organizing financial tasks and milestones throughout the year to ensure clarity, timely execution, and alignment with organizational goals.

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Six foreign tours companies under tax scanner

CFO News

The department sent show cause notices to these companies between June and July. According to an official, hefty tour packages were booked in the name of people who could hardly afford it, by using fake identity. Also these operators were not deducting 5% TDS, which was required for the packages.

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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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Planful vs. Datarails

The Finance Weekly

Planful and Datarails are two of the leading FP&A solutions in 2023. While this article will break down the differences in detail let’s give a quick overview of each one and who they are meant for. Planful is an FP&A solution that was built for large companies and enterprises. They have some great reviews for these size businesses, but don’t fit as good for small and medium sized ones.

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B20 gets the value chain, ESG mix right

CFO News

Business feedback to G20's current agenda has prioritised resilience of value chains and ESG. The two issues are interlinked for companies moving from just-in-time to just-in-case manufacturing. Covid was the latest in a series of shocks delivered over the past decade, some of which (weather events) are triggered by ESG concerns. This was underlined at the B20 Summit last week when B20 India Task Force chairperson Uday Kotak brought up the matter of funding sustainability goals and the formation

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Oh no, I’ve become a Treasury market day-trader!

Tips Watch

Real yields at 2% are too good to pass up. Or am I wrong? By David Enna, Tipswatch.com OK, it’s a silly headline.

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Government unlikely to infuse capital in PSU general insurers in FY24

CFO News

The four public sector general insurance companies are unlikely to get capital funding from the government in the current fiscal, a senior official said. He said one of the PSU non-life insurance companies is likely to give a dividend to the government in the current fiscal and they will be able to meet their solvency margins.

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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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Reframing financial uncertainty with data and AI

Future CFO

Businesses face a tremendous number of uncertainties. And this list is only getting longer daily, with many uncertainties remaining persistent. The pressure is on financial leaders to grasp the ongoing uncertainties and pave the way for their businesses to move forward. It is a tall ask, considering that today’s macroeconomic risks can come from unexpected directions.

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Global inflation pressures could become harder to manage in coming years, research suggests

CFO News

Rising trade barriers, aging populations, and the transition to renewable energy could contribute to global inflation pressures and make it challenging for central banks to meet their inflation targets, according to discussions at the Federal Reserve's annual conference in Jackson Hole.

Banking 52
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928: The Strategy Between the Slices | Steven Cirulis, CFO, Potbelly

CFO Thought Leader

Perhaps it would be fair to speculate that were it not for the changing dietary habits of Americans and surprise arrival of a global pandemic, Steven Cirulis would likely not be occupying the CFO office at Potbelly Sandwich Shop. The pursuit of new alternative proteins inside the land of agtech has in recent years led more than few venture capital firms to seek out the advice of strategy executives familiar with the mathematics behind the evolving menus of fast dining establishments.

CFO 52
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India now face of digital revolution; important role in efficient global supply chain: PM Modi at B20 Summit

CFO News

During the B20 summit, Indian Prime Minister Narendra Modi emphasized the need to balance the interests of producers and consumers. He called for a shift towards a more consumer-centric approach in business and suggested observing an 'International Consumer Care Day.' The B20 summit aims to bring together policymakers, business leaders, and experts to discuss and deliver policy recommendations for economic growth and development.

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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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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Most of My Instagram Ads Are for Drugs, Stolen Credit Cards, Hacked Accounts, Counterfeit Money, and Weapons : The ads are a window into a blatantly illegal underground economy that Meta is not only failing to moderate, but is actively profiting from and injecting into users’ feeds. ( 404 Media ) • A shiny scheme is draining retirement accounts.

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FDI inflows down 34 per cent year-on-year in April-June FY24

CFO News

FDI inflows were $16.59 billion during April-June 2022-23, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed. Total FDI inflows- including fresh FDI equity inflows, reinvested earnings and other capital- were $17.56 billion as against $22.34 billion a year ago.

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Risk of existential viability of earth takes precedence over business viability: Uday Kotak

CFO News

The risk of existential viability of earth has to be put a step above the business viability of earth, said Uday Kotak, MD and CEO, of Kotak Mahindra Bank at the B20 summit on Saturday. The theme of the session was “Financing the Climate Transition”.

Finance 52
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Seeing green shoots of pickup on volumes as inflation moderates: ITC CMD Sanjiv Puri

CFO News

In the recently concluded June quarter, ITC and several other FMCG makers reported volume gains and improvement in margins. ITC has 25 brands including Aashirvaad, Bingo, Sunfeast, YiPPee, Fiama, Vivel, Savlon etc.

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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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Vedanta wins arbitration against govt in $1.1 billion cost disallowance case

CFO News

Vedanta Ltd has won an arbitration against the Indian government's demand for a higher payout from its Rajasthan oil and gas fields. The government had sought additional profit petroleum after disallowing certain costs incurred by Vedanta. The arbitration tribunal upheld Vedanta's contention that the additional payment was not payable as per the terms of the Production Sharing Contract.

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SC refuses to stay NCLAT proceedings looking to approve Hinduja's resolution plan to acquire Reliance Capital

CFO News

Gujarat-based Torrent Investments had emerged as the highest bidder with its Rs 8,640 crore in the initial bidding, but a day later the Hinduja Group through IndusInd International submitted a revised bid of Rs 9,000 crore and the same was approved by the lenders in April. Torrent’s appeal against the IndusInd’s RP is pending before the SC.

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Business parameters of companies improve after insolvency process: Study

CFO News

Some of the companies said that banks refused to remove the “defaulter” tag even after resolution, making it difficult for them to access loans. Wherever loans were available, the terms were a little tough.

Banking 52
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Bajaj Housing Finance seeks more time to list on bourses

CFO News

The request was made during a meeting on Friday of top NBFC executives with RBI governor Shaktikanta Das, deputy governors M Rajeshwar Rao and Swaminathan J, among others, multiple people familiar with the matter said.

Finance 52
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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.