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.

CFO 40
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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.

CFO 234
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Fintech in MENAP: A solid foundation for growth

Mckinsey and Company

Fintech in the Middle East and North Africa is burgeoning, thanks to funding increases and revised licensing regimes. Sustaining growth will require concerted effort by businesses and governments.

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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 303
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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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Advanced chip packaging: How manufacturers can play to win

Mckinsey and Company

As the benefits of Moore’s law reach their limits, advances in chip performance rely more on the back end of production, including packaging.

More Trending

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A new breed of car financing: Feature bundles and embedded services

Mckinsey and Company

When choosing a new car, many consumers increasingly favor the flexibility of leasing.

Finance 217
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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.

Marketing 210
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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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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

Economics 115
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Acterys: Revolutionizing CIO & CFO Decision-Making

Welcome to the Future of Technology for CIOs & CFOs! Ever stood on the precipice of a technological revolution, feeling the energy of change? Ever been captivated by the whispers of a software that's not just innovative but genuinely groundbreaking? Acterys unveils a groundbreaking technology tailored for CIOs and CFOs. This state-of-the-art solution streamlines data integration, analytics, and forecasting, empowering leaders to make informed decisions quickly.

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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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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

Finance 93
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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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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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The Buyer’s Guide to HR & Payroll Technology

Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?

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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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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.

Finance 52
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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 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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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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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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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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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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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.

Budgeting 111
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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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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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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.

Banking 52
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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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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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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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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.