Tue.Feb 13, 2024

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AI dominates CFOs’ 2024 budget hike plans

CFO Dive

The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

Budgeting 294
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U.S. inflation rose 0.3% in January, higher than expectations

Tips Watch

By David Enna, Tipswatch.com I am traveling today so this will be a brief post. So … it looks like the Federal Reserve’s wariness on inflation has been justified, at least based on data from the January inflation report.

Finance 88
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Inflation edges up, pushing back forecast of first Fed rate cut

CFO Dive

Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

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vcfo Returns as an Entrepreneur Of The Year® 2024 Award Sponsor

VCFO

vcfo is proud to sponsor the Entrepreneur Of The Year® 2024 Award. A returning regional sponsor in the Gulf South program , which includes Central and South Texas, Louisiana, and Mississippi, this award highlights ambitious founders and leaders whose endeavors demonstrate an entrepreneurial spirit, growth, purpose, and impact. “It’s exciting to be part of the nominating committee for entrepreneurs to tell their story on this best-in-class business award platform,” says Ken Dowa

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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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Renamed FinQuery tackles CFOs’ SaaS pain points

CFO Dive

The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.

Startups 275

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Moody’s picks SAP, PwC vet for CFO

CFO Dive

Noémie Heuland, a CPA with SaaS experience, will become the global risk assessment firm's finance chief in April.

SAP 271
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Exit Planning: Synchronizing Dual-Track Financial Planning

Focus CFO

As Strategic Partners of the Exit Planning Institute, we were thrilled to share our insights on dual-track financial planning at a recent EPI 'Think Tank' session. You can check out the session, featuring our esteemed associates, Michael Stier (Area President, Carolinas) and Darren Cherry (Area President, Columbus Metro) below. They emphasize the importance of synchronizing dual-track financial planning for both the owner's personal financial goals and the strategic growth of the business.

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CFOs harbor data quality worries ahead of AI push

CFO Dive

Adding bad data to sexier AI models simply means CFOs will get “bad analytics faster,” BlackLine’s Michael Polaha says.

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Sebi asks companies for accurate details on end use of IPO funds

CFO News

Currently, if most IPO proceeds are to be used for capital expenditure, then the lock-in for the promoters' shares is 36 months. But if the IPO-bound co states that the objective is for loan repayments, then the lock-in is only for 18 months.

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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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What are the Best Investments for RRSP in Canada?

Financial Analyst Insider

Greetings, future financial champions! Today, let’s embark on a journey into the world of Registered Retirement Savings Plans in Canada, commonly known as RRSPs. We’re The post What are the Best Investments for RRSP in Canada? appeared first on Financial Analyst Insider.

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Hindujas may borrow ?4,000 crore to fund Reliance Capital purchase

CFO News

The group's acquisition of Reliance Capital is pending necessary court and regulatory approvals. Its offer of ₹9,650 crore was approved by the committee of creditors (CoC) in July last year, subject to requisite approvals.

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Donor Recognition: Creative Ways to Show Appreciation

Capital CFO LLC

Donor recognition fuels continuity for nonprofits allowing them to continue warming hearts and enriching lives. Imagine a world where kindness goes unnoticed, where gestures of generosity hover in silent obscurity. […] The post Donor Recognition: Creative Ways to Show Appreciation appeared first on Capital CFO+.

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Adani-Hindenburg story not over yet? Review petition filed against SC judgment

CFO News

A review petition has been filed challenging the Supreme Court's approval of SEBI's probe into the Adani-Hindenburg issue. The petitioner alleges the judgment has "apparent errors" and overlooks SEBI's regulatory failures. The case involves US short-seller Hindenburg Research accusing the Adani Group of fraud and stock price manipulation. SEBI's probe into potential securities law violations is ongoing.

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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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FinanceAI™ explained - 3 things CFOs should know

Future CFO

Generative AI has quickly cemented its foothold in the public consciousness. It has sparked excitement around productivity increases and cost savings but also warrants caution. CFOs and finance executives who adapt and learn with it can lead the future. We discuss three things CFOs should know about Generative AI. The post FinanceAI™ explained - 3 things CFOs should know appeared first on FutureCFO.

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Oyo may back out of IPO plan, opt for private raise

CFO News

In a response to emailed queries by ET, Oyo said the information is inaccurate. Oyo’s first public offer filing was returned by the markets regulator in January 2023, requiring the SoftBank-backed firm to refile its draft red herring prospectus (DRHP) with updates and revisions. The startup then made a confidential pre-filing with Sebi for a significantly smaller-sized IPO.

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#FA Success Ep 372: Quadrupling Revenue By Restructuring Your Business Model To Reflect Your Entire Value To Clients, With Melody Townsend

Nerd's Eye View

Welcome back to the 372nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Melody Townsend. Melody is the president of Townsend Financial Planning, an RIA based in Lexington, KY, that oversees $112 million in assets under management for 160 client households. What's unique about Melody, though, is how after her first decade in practice, she quadrupled her revenue in the subsequent 2 years by restructuring her business model from standalone hourly engagements and

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About 13,500 employees from Byju’s, Paytm get on job-hunting mission

CFO News

The job market currently has over 6,500 active and accessible professionals from Paytm and another 7,000 from Byju’s, showed data from popular job boards and portals put together for ET by specialist staffing firm Xpheno. Amid a hiring slowdown in the startup ecosystem, the going isn’t likely to be easy for jobseekers despite many of them being willing to take substantial salary cuts, recruiters said.

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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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NCLT grants additional 60 days to finish Go First insolvency process

CFO News

Last month, the committee of creditors (CoC) of the budget carrier had directed the resolution professional (RP) appointed for the CIRP to seek an extension of 60 days from the tribunal, as they had received expressions of interest from three prospective resolution applicants, along with earnest money.

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Insurance agents got extra Rs 25,000 crore via benami companies: I-T Dept

CFO News

Notices under Benami Transactions (Prohibition) Amendment Act, 2016, have been sent to insurance agents. They have been told to share info on their money transactions with the intermediaries. The benami amount is estimated to be in excess of Rs 25,000 crore.

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Dream11's parent company challenges insolvency petition in NCLAT appeal

CFO News

On Tuesday, Sporta Technologies, the parent company of Dream11, lodged an appeal with the National Company Law Appellate Tribunal (NCLAT) in Delhi, challenging the National Company Law Tribunal (NCLT) Mumbai's recent decision to accept an insolvency petition. The insolvency petition, filed by Reward Solutions' resolution professional, alleged that Sporta Technologies defaulted on dues amounting to Rs 7.61 crore.

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Fraud losses increasing in India, finds study

CFO News

There are several factors driving this surge in fraud attacks, such as persisting financial pressure on consumers, numerous data breaches leaking sensitive information onto the dark web and the arrival of publicly-accessible generative AI, which has lowered the technical skills required to carry out fraud.

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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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Registration of companies, LLPs hits fresh high in FY24

CFO News

Optimism about the country’s medium-to-long term economic growth prospects and steps to ease compliance burden and promote ease of doing business are driving the record incorporation, senior government officials said. According to the latest data compiled by the Ministry of Corporate Affairs, 14,333 companies were incorporated in January, against 12,167 a year before.

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Oyo approaches SEBI to expedite IPO approval

CFO News

Oyo is keen to expedite its IPO approval and is said to have informed the regulator about a partial prepayment of $200 million of Oyo's outstanding Term Loan B (TLB) from its books and the consequent positive commentary by the international rating firms Moody’s and Fitch, the people cited above said.

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EY to audit 51 lakh microfinance accounts of Bandhan Bank

CFO News

Bandhan Bank managing director Chandra Shekhar Ghosh has denied about any irregularity in those accounts and evergreening of loans.

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India needs to grow at 7-8 per cent annually to become developed nation by 2047, says Ex RBI Guv C Rangarajan

CFO News

​​Asserting that innovation cannot be a single solution to reduce inequalities or poverty, the former Chairman of the Prime Minister's Economic Advisory Council said besides faster growth rate, the country may need social safety nets such as subsidies in kind of cash and basic income.

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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.