Wed.May 24, 2023

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Tips to Reduce Business Expenditures and Boost Profitability

CFO Share

Running a successful business is eventually all about profitability, and one of the best ways to achieve this is to reduce business expenses. However, cutting expenses can be a daunting task, and it’s easy to cut too deep and negatively impact your business. In this article, we will explore five practical tips to reduce business expenses and boost profitability.

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TripleLift hires ex-Politico CFO

CFO Dive

The Politico alum joins executive colleagues from Yahoo and Amazon in TripleLift’s C-suite as the company looks toward its next phase of growth amid data privacy and economic challenges.

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Why Business Process Automation Is Important: Exploring the Benefits

Navigator SAP

Don’t you wish there were more hours in a day to finish everything you need to accomplish? We know you want to maximize your team’s output, so many business owners are turning to business process automation to help with manual tasks.

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C-suite leaders see AI boosting productivity: KPMG

CFO Dive

Top executives expect AI will especially improve efficiency in a range of finance functions.

Finance 300
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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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Foul Mood?

Barry Ritholtz

This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S. Households in 2022. It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Peter Coy fleshes out lots of the details here: “ Unemployment Is Low, But So Is the National Mood.” He notes: “The Fed report is consistent with ot

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India Inc supports employees with special needs children

CFO News

They are offering support in the form of medical coverage, resource groups, caregiving leave, access to learning materials, and employee assistance programmes, to not just ensure these children are given a chance to thrive but also help improve mental health and productivity of employees.

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Fed officials disagreed on need to raise rates in June

CFO Dive

Financial markets signal expectations that the Fed will reverse course and begin to trim borrowing costs as early as September.

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Crackdown on tax violations: 10,000 fraud GST registrations turn up in first week of drive

CFO News

In many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of business to obtain GST registration.

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5 Screening Questions To Assess Client Readiness And Appropriateness (And Why It’s Especially Useful For Some Firms)

Nerd's Eye View

Screening calls are a common part of the prospecting process for financial advisory firms, particularly those that receive a large number of inquiries, and can help determine whether a prospective client might be a good fit. At the same time, these calls can be awkward for both the prospect and the advisor, as the prospect might be asked to discuss personal information about their finances with someone they have never met before, and the advisor has to ask potentially thorny questions, such as w

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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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73 per cent of Indian firms were hit by ransomware attack in 2023: Report

CFO News

According to the report the main causes of ransomware attacks were examined, exploited vulnerability (in 35 per cent of cases), followed by compromised credentials (in 33 per cent of cases) emerged as the chief causes.

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Ransomware: Singapore reports the highest rate of attacks

Future CFO

Singapore had the highest rate of ransomware attacks, with 84% of organisations surveyed reporting they were a victim of this type of attack, up from 65% in the previous year, said Sophos when releasing its State of Ransomware 2023 report. In addition, in 61% of attacks on surveyed organisations from Singapore , adversaries succeeded in encrypting data with 53% of those who had data encrypted paying the ransom to get their data back, Sophos noted, adding that this is up from 48 per cent last yea

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PMLA Amendments: Pendulum swings from under-regulation to over-regulation

CFO News

Ex-ICAI Pres Amarjit Chopra feels PMLA Amendments are contrary to the principles of Ease of doing Business. He says laws need to have a deterrent effect for non-compliances but they should not instill fear in the minds of entrepreneurs and professionals to an extent so as to bring down the level of economic activity in the country.

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Welcome Ron Walker

Focus CFO

We are delighted to announce that Ron Walker has joined the FocusCFO team in Columbus Metro. Ron has over 25 years of experience in finance, accounting, and sales operations, working directly with senior business leaders. He has experience in the financial services, manufacturing, and distribution industries.

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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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Fitch puts US rating on negative watch as debt deadline looms

CFO News

Ratings agency Fitch put the United States' credit on watch for a possible downgrade on Wednesday, raising the stakes as talks over the country's debt ceiling go down to the wire, and adding to the jitters in global markets.

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Welcome Patrick Hynes

Focus CFO

We are delighted to announce that Patrick Hynes has joined the FocusCFO team in Columbus Metro. Patrick brings over 25 years of diverse business and financial leadership experience, including working in the retail and manufacturing industries. He possesses key competencies in financial forecasting, modeling, and executive reporting.

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Germany enters recession after GDP falls for second successive quarter

CFO News

Gross domestic product fell by 0.3% for the quarter when adjusted for price and calendar effects, the data showed. This follows a decline of 0.5% in the fourth quarter of 2022. A recession is commonly defined as two successive quarters of contraction.

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Why Manufacturing Matters and How It Drives the Economy

Financial Analyst Insider

The manufacturing industry has led to many jobs and the production of goods and services, bringing ease into our daily lives. Industrialisation is one of The post Why Manufacturing Matters and How It Drives the Economy appeared first on Financial Analyst Insider.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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ED raids at 25 locations for alleged forex violations by gaming apps

CFO News

The Enforcement Directorate (ED) on Wednesday conducted fresh searches at 25 locations for alleged forex violations by gaming apps. ​"Remittance of Rs 4000 crore send in the guise of payments for import of good and services," stated ED.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Will The U.S. Economy Pull Off a ‘Soft Landing’? In the ’70s and ’80s, we thought that you needed to raise unemployment to fight inflation. Next, we thought that cooling down inflation would require higher unemployment. In the early ’70s, economists thought that price controls could slow inflation. …and were surprised when unemployment stayed low.

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Banks mull common framework on hearing borrowers before fraud tag

CFO News

A committee will be set up soon to draw up the framework, said the people cited above. It will detail the process of approaching borrowers, the documents to be submitted and reports to be given to them, along with timelines and the course of action.

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'Go First lessor's plea to deregister aircraft has not been rejected yet'

CFO News

The Directorate General of Civil Aviation (DGCA) on Wednesday told the Delhi High Court that it has not rejected but kept in "abeyance" its decision on aircraft lessor Pembroke Aircraft Leasing's application for deregistering its aircraft, currently on lease with Go First.

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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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Tatas eye bigger play in electronics, semicon manufacturing; Matrix closes largest India fund at $550 million

CFO News

Ahead of its possible foray into the semiconductor space, Tata Group is scouting land near its electronics manufacturing facility in Tamil Nadu to expand operations, sources told us. This and more in today’s ETtech Morning Dispatch.

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DoT, Industry on opposite ends of satellite spectrum

CFO News

Telecom operators Reliance Jio and Vodafone Idea are backing DoT, while Bharti Enterprise-backed satcom firm OneWeb has joined the rest of the industry to demand administrative allocation of satellite spectrum.

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Bikaji Foods to grow at a faster pace, cash flow to turn positive this year: Management

CFO News

"In the years to come, value and volume growth would be in line. Unlike yesteryears, where the value increase has been by far higher than the volume growth, that is what we look at and for the rest, there are certain things which are unseen but for all our budget purposes, for all our planning, we are looking at value and volume growth as the same.

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India poised for world-beating growth, CEA Anantha Nageswaran says

CFO News

India's economy could expand by 6.5% this fiscal year thanks to strong credit demand, falling crude oil prices, and increased construction activity, according to V Anantha Nageswaran, a top advisor to the Indian finance ministry. Despite economic risks such as slower global growth and weather-related issues, India's economy is performing well due to supportive factors, making it "tick all the right boxes," he said.

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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.