Wed.Jul 19, 2023

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Datarails rolls out ChatGPT-style FP&A tool

CFO Dive

The new tool seeks to help finance teams deliver insights for business decisions more quickly. It uses the same kind of technology that’s behind Microsoft-backed Open AI’s ChatGPT solution.

Finance 243
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Global opportunities and recognition: What the new international CFO alliance means for you

CFO Talks

Written by Staff Writer South African CFO Club was recently part of the historic founding of the International CFO Alliance. But what does this mean for you? Access to bigger markets and global recognition, according to the new chairperson. “Imagine a CFO Club Africa Member being afforded an opportunity to apply… and being awarded an international CFO designation.

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Trending Sources

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Software training, mentorship can boost finance team effectiveness

CFO Dive

The more familiar finance employees are with their software, the more they can provide the data necessary for their CFOs to be a key voice for the business, Prophix’s Susan Gershman said.

Finance 236
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Byju's crisis reflects the failure of all corporate governance pillars: Amarjit Chopra

CFO News

The former ICAI President says that MCA must undertake an inspection of the company for the year ended March 31, 2022, to ensure that the best governance practices are in place.

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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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Fed’s final inflation fight ‘will be tough’: Fannie Mae

CFO Dive

The likelihood of a “soft landing” for the economy, or a slowing of inflation without triggering recession, has increased recently, Fannie Mae said.

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More Trending

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More than half of phishing attacks in Singapore targeted at businesses

Future CFO

E-mail phishing attacks in Singapore remain to be a major concern as 55% (852,823) of the 1.556 million phishing emails thwarted in 2022 were targeted at businesses, said Kaspersky recently. Scammers looked to trick employees with fraudulent e-mails typically linked to corporate issues and delivery problem notifications, Kaspersky pointed out. In Southeast Asia, there were 43.44 million phishing attacks in the same year, Kaspersky noted.

Numbers 75
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Trading restriction mandate applicable to all listed companies: Sebi

CFO News

Such closure would be imposed in relation to such securities to which such UPSI relates. Designated persons and their immediate relatives can't trade in securities when the trading window is closed.

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Unleashing the Potential of Forecasting, Planning, and Analytics for a Successful 2024 

E78 Partners

In today’s ever-evolving business landscape, characterized by economic uncertainty and rapid changes, staying ahead of the curve has become crucial for organizations aiming to achieve sustainable success. As we approach the planning cycle for 2024, organizations are recognizing the immense value of harnessing the power of forecasting, planning, and analytics (FP&A).

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The Biggest Challenge Facing Accounts Payable

CFO Share

Have you ever been in an organization where bills are everywhere, vendors are irritated by late payments, the staff is drowning in paperwork, and you have a sinking feeling in your gut that the company is somehow being ripped off? This situation is common among small businesses. The biggest challenges facing accounts payable are chaos, maintenance cost, and fraud.

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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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All about types of financial statement reports

Spreadym

Financial statements are essential documents that provide an overview of a company's financial performance and position. They offer valuable insights to stakeholders, including investors, creditors, and management. The three main types of financial statements are: Income Statement (Profit and Loss Statement) Balance Sheet (Statement of Financial Position) Cash Flow Statement Income Statement (Profit and Loss Statement) The income statement summarizes a company's revenues, expenses, and profits o

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Is Rolex a Non-Profit? Answers to Your Burning Questions About the Rolex Watch Company. ( Teddy ) • Jerome Powell’s Prized Labor Market Is Back. Can He Keep It? The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. It roared back — and now its fate is in his hands. ( New York Times ) see also Powell Will Find Much to Love in Retail Sales Letdown : The latest report landed with a mixed reception.

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India may achieve fiscal deficit aim despite threats from disinvestment and weather hindrances

CFO News

India is unlikely to miss its budget deficit target for this fiscal year due to support from the central bank, despite hindrances such as weather, risks from divestment revenue and meek corporate tax collections, economists claim. The banks had tripled their surplus transfer to the government, allowing the state to reap a windfall that ameliorates concerns about any instability in its financial position.

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12 Things Everyone Got Wrong About Inflation

Barry Ritholtz

On today’s show I join Downtown Josh Brown to discuss my recent piece “ A Dozen Contrarian Thoughts About Inflation.” Source: YouTube Previously : A Dozen Contrarian Thoughts About Inflation (July 13, 2023) The post 12 Things Everyone Got Wrong About Inflation appeared first on The Big Picture.

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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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HDFC Bank can rise up to 25% with attractive valuations

CFO News

"We think the bank's current valuation of 2.9x FY24E BVPS (pure bank) does little justice to its compounding potential and low balance-sheet risk," said BNP Paribas Securities in a note to clients.

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FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 06/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – Europe 06/2023”. The Monitor is a monthly published overview of venture capital trends in the European. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 06/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Govt may delay Hindustan Zinc share sale: Report

CFO News

The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.

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ION wins Stevie Award for Customer Service for seventh consecutive year

Reval

LONDON – 19 July 2023: ION, the largest global provider of trading, analytics, The post ION wins Stevie Award for Customer Service for seventh consecutive year appeared first on ION.

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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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8 in 10 companies increased spend on employee well-being in 2023 vis-a-vis 2019: Aon study

CFO News

Eight in 10 companies in India have increased their spend on employee well-being in 2023 as compared to 2019, said a study by Aon. The study shows that 82% of Indian companies believe that mental health has a potential impact on business outcomes. The report also shows a 51% increase in companies offering outpatient department (OPD) benefits. Additionally, 80% provide employee assistance programmes and mental health support and 37% offer telemedicine.

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Weighing Your Options: The Disadvantages of Using Spreadsheets for Budgeting and Planning

Centage

“Is it in the budget?” If we had a dollar for every time we’ve said that, we’d probably be rich. That’s because budgets are the foundational backbone of every company. Many organizations integrate updated technology to do everything from streamlining processes to facilitating marketing and sales initiatives. However, many push back against upgrading their budgeting and forecasting systems.

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Indian hotel industry at a sweet spot; to witness decadal-high occupancy of 70-72% in FY2024: ICRA

CFO News

ICRA predicts that pan-India premium hotel occupancy will reach 70-72% in FY2024, with average room rates ranging from Rs. 6,000-6,200. The domestic leisure travel's sustainability, increased MICE, business travel, improved consumer sentiments & consistency, strong corporate performance, and increasing domestic air passenger traffic boost travel and hotel demands, said ICRA.

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IAR CE: Continuing Education Requirements For Investment Adviser Representatives And How Different States Adopt NASAA’s Model Rule

Nerd's Eye View

Continuing Education (CE) requirements are common for many professions, but historically there has been no minimum CE requirement for individual Investment Adviser Representatives (IARs) of advisory firms. While holders of certain credentials (e.g., CFP certificants and CFA charterholders) have CE requirements to retain their credentials, IARs without such credentials haven’t traditionally had any ongoing CE requirements.

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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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Dish TV board rejects second EGM requisition notice of minority shareholders

CFO News

Dish TV India's board has upheld its earlier decision to reject a second request by minority shareholders to conduct an Extraordinary General Meeting (EGM) due to numerical and procedural inconsistency. The Dish TV Minority Shareholders Association had sent a second requisition notice on June 29 reiterating its old demands of removing Shankar and Rashmi Aggarwal from the board and hiring several non-executive independent directors.

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8 Best Practices for Forecasting and Managing Cash Flow

The Finance Weekly

In the finance realm cash shortages represent the pinnacle of stress. Even mega companies can find themselves in tight predicaments from time to time. These liquidity challenges give rise to issues like payroll complications, mounting pressure to settle accounts receivable, and the risk of material shortages. What is Cash Flow? Cash flow pertains to the funds flowing into and out of a business.

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Domestic consumption is cushioning Indian economy against global slowdown: Ajay Banga

CFO News

World Bank chief Ajay Banga on Wednesday said that the domestic consumption is cushioning the Indian economy against a global on-going slowdown. "India cushioned by domestic consumption despite global slowdown," PTI quoted him as saying.

Banking 52
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CFO's Responsibility for Ethics in Business

CFO Selections

Whenever I read about a company embroiled in accusations of fraud, my first thought is, "Where was the CFO?" As I've written , risk mitigation is a critical element of the CFOs' responsibilities. What could be riskier than being an officer of a company engaged in fraudulent activities? Much is written about embezzlement or malfeasance, generally carried out by a single individual with access and need.

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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.