Thu.Aug 24, 2023

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NVIDIA revenue jumps 88% amid AI ‘race’

CFO Dive

The race to adopt generative AI is on — and NVIDIA is determined to be the leader of the pack.

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Forget the iPhone: BlackBerry is still the one to beat

Barry Ritholtz

How little do we know about the future? A great way to figure that out is to look to our past, to see what we previously thought about what the future will hold. To wit: 26 years ago, the image above came from the cover story of Fortune magazine: “There’s a lot of buzz in the smartphone business lately, with Apple’s (AAPL) iPhone turning the mobile world upside down and Nokia’s (NOK) upcoming phone announcement providing a new challenge.

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Advance Auto names new CEO, CFO as profits decline

CFO Dive

The leadership changes come as the company launches a “comprehensive operational and strategic review” following a weak quarter.

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Kitces & Carl Ep 119: Navigating Succession Plans When Founders Are Having Second Thoughts On Retirement

Nerd's Eye View

For many next-gen financial advisors who start with or move their careers to an established firm, eventually earning an equity stake in that firm can be an exciting prospect and is often a major career goal that many advisors aspire to achieve. However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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How CFOs can trade ‘Dr. No’ role for stickier customers

CFO Dive

Advances in AI can help executives balance the tension between cost efficiencies and satisfied customers, AlixPartners’ Saurabh Singh and Jason McDannold assert.

More Trending

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India Inc's moonshot

CFO News

The newly created ecosystem for space startups in India has fostered the rise of companies like Skyroot Aerospace, SatSure, Dhruva Space, and Bellatrix Aerospace, positioning them as potential game-changers.

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J.P. Morgan Celebrates 1000 Corporates on Treasury Ignition™!

FISPAN

We are thrilled to announce a major milestone for our valued partner, J.P. Morgan! They have officially reached an incredible milestone of 1000 Corporates on Treasury Ignition, and we couldn't be more proud of this achievement.

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RIL may sell 8-10% more in Rel Retail ventures to fund expansion

CFO News

Reliance Industries is considering selling an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to raise funds for expansion and debt retirement before its planned IPO. The stake sale would be done in tranches over 12-15 months and is crucial for the success of RRVL's IPO, as the current valuation of $100 billion is considered too large for the market to absorb.

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J.P. Morgan Celebrates 1000 Corporates on Treasury Ignition™!

FISPAN

We are thrilled to announce a major milestone for our valued partner, J.P. Morgan! They have officially reached an incredible milestone of 1000 Corporates on Treasury Ignition, and we couldn't be more proud of this achievement.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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Big Reveal? Global investigative journalists collective said to be planning expose on Indian company

CFO News

In the report on Thursday evening, PTI said that Indian regulatory agencies are keeping a close eye on the potential impact of the soon to be released report on the domestic financial markets, which have faced a similar situation following a report by US-based short seller Hindenburg Research on the Adani Group in January this year.

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Core inflation, rising rates remain main credit risks

Future CFO

When it comes to the main credit risks, inflation and interest rates remain the most significant watch item for global credit, said Fitch Ratings recently. Core inflation remains sticky and well above central bank targets despite headline disinflation gaining pace in the US and eurozone in 2Q23, the credit rating agency pointed out. The underlying macro picture for global credit has improved since the beginning of the year, although tighter lending conditions and hawkish central bank policy unde

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ETtech Exclusive: PayU’s global CEO, CFO likely to quit after Prosus part-sells payments business

CFO News

PayU India CEO Anirban Mukherjee is now slated to directly report to Prosus chief executive officer Bob Van Dijk and may take up additional responsibility for other international markets including Turkey and Southeast Asia.

CFO
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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Cheniere Energy, B&G Foods, & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

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GCC keen to 'quickly' start talks for free trade agreement: Piyush Goyal

CFO News

The Gulf Cooperation Council (GCC) is keen to resume negotiations for a potential trade agreement with India, according to Commerce and Industry Minister Piyush Goyal. The GCC, consisting of six Gulf countries, including Saudi Arabia and the UAE, is India's largest trading bloc. Goyal revealed that several GCC member nations have individually approached India for bilateral agreements.

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Unlocking Success: Master Your Pricing Strategy with CFOAdam's Pricing Intensive

Adam Kae

Unlocking Success: Master Your Pricing Strategy with CFOAdam's Pricing Intensive Have you ever found yourself stuck in a cycle of uncertainty when it comes to setting prices for your services? If you've been struggling to find the right pricing strategy that not only resonates with your clients but also maximizes your profits, look no further. We're excited to introduce you to CFOAdam's Pricing Intensive – a game-changing opportunity that promises to transform your pricing woes into wins.

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CCI imposes penalty of Rs 1 crore on Bharti Airtel

CFO News

The penalty is with respect to acquisition of stake by the company in Bharti Telemedia from Warbug Pincus affiliate entity Lion Meadow Investment Limited. “We submit that the Competition Commission of India, vide its order dated August 23, 2023, has imposed a penalty amounting to Rs 1 crore under Section 43A of the Competition Act, 2002,” Bharti Airtel said in a regulatory filing.

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Recognizing the Right Time to Enlist an Interim CFO for Your Business Success 

E78 Partners

Knowing when to bring in an Interim Chief Financial Officer (CFO) can be a strategic decision that significantly impacts a company’s trajectory. As markets shift, industries transform, and financial demands intensify, the expertise of a seasoned financial leader can be instrumental in navigating the challenges and opportunities that arise. This article delves into the pivotal question of when to consider engaging an Interim CFO, exploring the telltale signs that warrant such a move and how

CFO
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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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Reliance Retail, BC Jindal group seek more time to conduct due diligence on Future Enterprises

CFO News

Future Enterprises' creditors were informed at a meeting on Thursday that an extension had been sought by both prospective bidders who were due to submit formal offers on 24th August. The bid deadline has now been extended to 25th September, according to the sources.

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ION Treasury’s ITS software to support international operations of Siemens Healthineers

Reval

LONDON – 24 August 2023: ION Treasury, a global provider of treasury and. The post ION Treasury’s ITS software to support international operations of Siemens Healthineers appeared first on ION.

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RBI MPC minutes: Inflation concerns re-emerge, panel flag need for close monitoring of situation

CFO News

With retail inflation hardening once again in July-August owing to a spike in vegetable prices, the rate-setting panel of the Reserve Bank of India stressed the need to monitor the situation closely given the risk of El Nino and uneven rainfall. The MPC met between August 8-10 wherein it left the lending rates unchanged.

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12-Month CFO Priorities | Matt Gustke, CFO, WooCommerce

CFO Thought Leader

CFO GUEST: Matt Gustke of WooCommerce 927: A Phone Call from Someone Who Mattered | Matt Gustke, CFO, WooCommerce MADE POSSIBLE BY LEDGE | Ledge is a command center for payments built for finance teams operating at scale. Ledge empowers finance teams with tools to centralize their payments data, get a real-time payments snapshot, automate multi-way reconciliation, identify problem transactions, accelerate their investigations, and dramatically lower the risk of losses, all without any engineerin

CFO
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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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Strong signals from investors, Vi may get much-needed cash soon

CFO News

Vodafone Idea (Vi) has informed the Department of Telecommunications (DoT) that it has received term sheets from several potential investors for its equity funding. The company's CEO, Akshaya Moondra, stated that one of the investors will seek a meeting with authorities to secure assurances of continued government support. Vi aims to raise funds to implement a ₹65,000 crore capex plan over four years.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • A Bright Spot in Commercial Real Estate: Retail Shops. New store openings remain strong, overcoming inflation and interest-rate challenges ( Wall Street Journal ) • Five Ways the Fed’s Deflation Playbook Could Be Improved : The Fed should congratulate itself for wrestling down inflation, but the process could use some improvement. ( Businessweek ) • Emerging Market Debt Appears Poised for a Revival : The big yield advantage they enjoyed over developed countries’ deb

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Promoters are clearing their dues faster under the threat of insolvency

CFO News

According to government data, the threat of legal action has led many promoters to pay their dues, even before cases are admitted to the National Company Law Tribunal (NCLT). Creditors and suppliers have recovered their dues immediately after filing under the Insolvency & Bankruptcy Code (IBC). Since 2016, settlements totaling over Rs 8.2 lakh crore have been paid out, with Rs 2.9 lakh crore recovered from 720 cases.

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State Bank of India may have attracted top distressed asset buyers' interest for its bad loans

CFO News

Global and local distressed asset investors are considering buying some of State Bank of India's bad loans. The bank has identified 331 non-performing assets with a total value of $11.6 billion. The move comes as Indian lenders have increased efforts to identify and sell distressed assets following transparency and efficiency reforms. SBI had put up 150 distressed assets worth $5.3 billion for sale in the previous financial year.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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More 'bricks' in the wall: BRICS to invite Saudi Arabia, Egypt, Argentina and others to join

CFO News

The group of major emerging market nations on Thursday invited six countries including Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia to join BRICS economic bloc.

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DAC gives nod to proposals worth Rs 7,800 cr to enhance operational capabilities of Indian Armed Forces

CFO News

Defence Minister Rajnath Singh-led Defence Acquisition Council (DAC) has given its nod to proposals worth Rs 7,800 crore to enhance the operational capabilities of the Indian Armed Forces. The ministry said that all procurements will be made from indigenous sources only.