Fri.Jan 12, 2024

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5 hot spots on bankruptcy experts’ watchlists

CFO Dive

U.S. bankruptcies rose 18% year-over-year in 2023. CFOs will likely need to navigate deepening distress again this year, experts say.

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The Benefits of Cloud ERP for Financial Planning & Analysis

Navigator SAP

Thoughtful financial planning and analysis (FP&A) is at the heart of successful business operations today, more so than in the past thanks to the emergence of robust analytical engines, artificial intelligence, and the dynamic marketplace brought on by global supply chains and greater availability of real-time data.

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IRS streamlining falls short despite budget boost: Taxpayer Advocate

CFO Dive

Although improving some taxpayer services, the IRS has overstated its progress by claiming to answer 85% of calls, the national taxpayer advocate said.

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MiB: Cathy Marcus, Co-CEO, Global COO of PGIM Real Estate

Barry Ritholtz

 This week, we speak with Cathy Marcus , co-chief executive officer and global chief operating officer of PGIM Real Estate , which manages over $200 billion in assets. As co-CEO, Marcus develops and leads the company’s global strategy; as global COO, she is responsible for overseeing business and investment operations globally. She is also co-chair of the board of directors of RealAssetX , PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real assets industry.

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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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Compensation committees face busy dockets in 2024, experts say

CFO Dive

Incentive plan performance ranges and the use of discretion in incentive payouts are among the issues compensation panels are likely to confront.

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Google lays off hundreds of workers, citing organizational changes

CFO Dive

Several divisions were impacted, including teams in central engineering, augmented reality and the Google Assistant unit.

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India's retail inflation at four-month-high of 5.69 per cent in December

CFO News

India witnessed a surge in retail inflation, reaching a four-month high of 5.69 per cent in December, primarily fueled by rising food prices. Despite this increase, it remains within the acceptable range set by the Reserve Bank of India (RBI).

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How to Create a Financial Forecast with Your CFO

CFO Share

Financial forecasting is an essential practice, but navigating the waters of financial planning can be daunting, especially when you’re considering bringing a fractional CFO on board for the first time. When done correctly, the process of creating a financial forecast is just as useful for improving fiscal robustness as having and using the forecast.

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Financial Projections and Analysis – Considerations for Businesses

CFO Selections

Originally published: 3/23/2020 Updated: 1/8/2023 Why are financial projections important and how can they inform a company’s financial analysis to increase confidence in the numbers? To answer that question, we need to take a step back. Preparing financial statements is an important first step in the business planning process because these financials form the basis for predicting business outcomes for future reporting periods.

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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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Retrospective tax demands on online gaming: The need for legal certainty

CFO News

It is necessary that the Government and the GST Council pay attention to bring legal certainty on the matter so that the industry, investors and its many employees are not left hanging in the dark. The legal uncertainty in question here seems to be a communication gap between policy makers and administrators in the field.

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Why You Shouldn’t Start a Nonprofit

The Charity CFO

If you dream of devoting more time to a cause you believe in and taking it to the next level, you might ponder starting a nonprofit. The prospect of serving your community is certainly a calling worth pursuing, and nonprofits serve an essential role in their clients’ lives. This is particularly true in domains where it doesn’t make sense for the government or private sector to provide aid.

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Vodafone Idea faces Rs 13.16 cr penalty in GST case

CFO News

Vodafone Idea has been slapped with a penalty of Rs 13.16 crore by the GST additional commissioner's office in Chandigarh. The penalty, imposed on January 10, is related to the alleged wrongful transition of CENVAT credit to the Goods and Services Tax (GST) regime.

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What is Financial Forecasting and Why Does it Matter to Nonprofits?

The Charity CFO

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. After all, you can’t possibly predict: Who’s going to donate to your organization How much they’re going to donate Even when donations are going to happen Still, even as a nonprofit, having some sense of what your finances may

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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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At India Inc, bosses are the new CEO of fitness

CFO News

Indian Inc. has seen its share of keen runners and even endurance contestants over the years but business leaders are increasingly emerging as advocates of holistic health - both physical and mental - underscoring the significance of wellbeing. Top executives are sharing health challenges, diet tips, work and sleep routines, fitness goals and actively supporting their teams in such endeavours.

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The crucial role of legal expertise in mergers and acquisitions

One to One

Written by SimĂłn R. Barth, Partner at ONEtoONE Corporate Finance Colombia. Mergers and acquisitions (M&A) are complex, high-stake transactions that demand a blend of strategic insight, financial acumen, and legal expertise. While M&A advisory firms play Read More. The post The crucial role of legal expertise in mergers and acquisitions appeared first on ONEtoONE Corporate Finance.

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Adani Ports uses unique structure to place bonds with private credit funds

CFO News

The company, with a market capitalisation of â‚ą2.6 lakh crore, has placed uniquely structured bonds with a clutch of local private credit funds to mobilise â‚ą500 crore, said two persons familiar with the issuance that closed on January 9.

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Three ways AI can assist with financial planning

Future CFO

The digital transformation in all sectors across all departments has been evident over the last few years, especially following the COVID-19 pandemic. The finance function has seen major benefits in its operations thanks to artificial intelligence. Financial planning and analysis (FP&A) professionals can rely less on clunky, manual labor and more on strategic thinking and CFOs are becoming more confident in data accuracy and have shifted their focus to strategy.

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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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RBI imposes penalities on Dhankaxmi Bank, Punjab & Sind Bank and ESAF Small Finane Bank

CFO News

The central bank has imposed Rs 1 crore on state-owned Punjab & SInd Bank for violating lending rules. ESAF Small Finance Bank will have to pay Rs 30 lakh for deficiencies in customer service.

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Piyush Goyal says US fund house looking to invest $50 billion in India

CFO News

"They said we have invested about $13 billion so far, we expect it to double it in the next four years and then double the figure. in the next four years. just one fund," Goyal said at the ET NOW Leaders of Tomorrow Awards. He termed the firm "one of the most prominent" investment houses of the US but didn't disclose its name.

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Tata Consumer signs pacts to buy Capital Foods, Organic India

CFO News

TCPL will acquire 75% of Capital Foods upfront and the remaining 25% over the next three years. Invus Group and US private equity group General Atlantic will divest their respective 40% and 35% stakes. Invus is a European family office and investment arm. ET was the first to report both acquisitions in its January 12 edition.

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Budget 2024: Govt will meet fiscal deficit target in FY24, follow fiscal consolidation path for next year: Goldman Sachs

CFO News

“If spending remains muted in the current quarter, the deficit may end up at 5.8% of GDP,” the global investment bank said, noting that receipts upside of 0.2% will help meet this year’s target and that the government will follow the path of fiscal consolidation.

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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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Citi to cut 20,000 jobs through 2026, CFO says

CFO News

Citi also expects to shed a further 40,000 jobs when it lists its Mexican consumer unit Banamex in an initial public offering. It ultimately aims to reach a staffing level of 180,000 employees, Chief Financial Officer Mark Mason said.

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LIC gets income tax refund of Rs 25,464 cr

CFO News

In the first half of the current financial year, LIC's new business premium income (individual) segment registered a 2.65 per cent growth to Rs 25,184 crore as against Rs 24,535 crore in the year-ago period, as per the filing. New business premium is the premium due in the first policy year of a life insurance contract.

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Efficiency of execution is primarily resulting in lower headcount for TCS: Samir Seksaria

CFO News

TCS CFO and CHRO discuss Q3 results and margin resilience. Attrition has decreased and there is potential for further reduction. Subcontracting cost has been lowered and there is room for optimization. The impact of generative AI on the workforce is acknowledged, but it is not a major factor in the current headcount decline. The BSNL deal contributes to growth and showcases TCS's capabilities.

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Simplilearn appoints Veerasundar V as CFO

CFO News

"Veerasundar's extensive financial expertise aligns seamlessly with our commitment and support to continued expansion. We look forward to working with him to achieve our strategic goals and deliver exceptional value to customers and stakeholders," said Krishna Kumar, CEO, Simplilearn.

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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.