Mon.Jul 10, 2023

article thumbnail

Business bankruptcies pick up again

CFO Dive

Small business bankruptcy filings soared 55% year-over-year. The rise came as changes in the law increased the eligibility filing limits.

221
221
article thumbnail

GST offences not covered under PMLA, say experts

CFO News

The Directorate General of GST Intelligence in the Centre and the Bureau of Investigation in States, which deal with the investigation based on intelligence inputs from various authorities or agencies, are the proper officers for GST offences, experts say.

105
105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How AI could fix accounting’s image problem: Oracle

CFO Dive

Promoting the role of technology and innovation in your finance department can help attract new accounting talent and free up more time for finance to act as a strategic business partner.

Finance 190
article thumbnail

From Unprofitable To $115M AUM: Reinventing A 2nd Generation Advisory Business By Finding The Right Niche

Nerd's Eye View

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family. At the same time, the business strategies that worked for the original owner might not be suitable or as successful for their successor, which can force the 2nd-generation owner to take a different path to ensure the firm

article thumbnail

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.

article thumbnail

Tax teams poised to see big AI investments: KPMG

CFO Dive

Within the next year, 70% of organizations expect to spend $1 million or more on AI for tax automation, and 40% of those plan to invest at least $10 million, according to a KPMG survey.

More Trending

article thumbnail

Economic optimism grows as inflation worries ease: McKinsey

CFO Dive

Business executives worldwide see growing risks from income inequality and shifts in political leadership, McKinsey said.

Economics 223
article thumbnail

CFO Corner: Amplifon's Gabriele Galli

Global Finance

Gabriele Galli is chief financial officer (CFO) of Amplifon, an Italian hearing-care company that operates in 25 countries. In 2022, the company generated revenue of €2.1 billion and net profit of €183 million, up 8.8% and 4.6%, respectively, from the prior year. Galli has held his current position since March 2017, following nearly 13 years as CFO of motorbike and scooter manufacturer Piaggio.

CFO 58
article thumbnail

Deploy a data integration strategy to power insights and digital transformation

CFO Dive

To enable resilience, businesses need an intentional integration strategy.

212
212
article thumbnail

Nonprofit Statuses: 501(c)(3) vs 501(c)(4) and more!

The Charity CFO

To outsiders, it’s often assumed that all any nonprofit status is basically the same. But those starting and operating these critical organizations know there’s much more to the various nonprofit statuses, with varying rules and qualifications for each. So what do you need to know about the differences between nonprofit statuses? Let’s take a closer look.

article thumbnail

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.

article thumbnail

Oatly taps Pandora alum for CFO

CFO Dive

Oatly CFO Marie-Jose David comes to the financial helm of the oat milk maker as the company looks to get “aggressive” this year.

CFO 163
article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • What exactly is your problem with stock index concentration? Ever since artificial intelligence was invented eight months ago, people have been writing about the rising concentration of stock indices. The usual way to start is with an observation that the trillion-dollar IT club makes up approximately a quarter of the S&P 500 index by weight — because of AI hype, or possibly, the result of a rotation by investors after the same stocks sold off a yea

article thumbnail

TPG to buy Forcepoint’s public sector cybersecurity business for $2.45B

CFO Dive

The deal for Forcepoint’s government and critical infrastructure-focused business marks one of the largest in the cybersecurity market this year.

Marketing 100
article thumbnail

SAT refuses to grant interim stay on SEBI's order on Zee's Chandra and Goenka

CFO News

The SAT dismissed an appeal from Zee Group Chairman Subhash Chandra and Zee Entertainment Chief Executive Punit Goenka over a ban on the duo by India markets regulator from holding board positions in public listed companies for a year.

article thumbnail

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.

article thumbnail

FCF Biotech Venture Capital Monitor – USA 05/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 05/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 05/2023 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

No question of amicable settlement with SpiceJet: Sun Group

CFO News

Last week, the Supreme Court had directed SpiceJet to pay the entire arbitral amount of Rs 380 crore to its former promoter Kalanithi Maran. The business must be carried out with 'commercial morality', the apex court had observed.

52
article thumbnail

The Cost Of Financing

Global Finance

Global Finance Magazine - Signs of a credit crisis are going global as companies struggle to raise financing.

Finance 63
article thumbnail

Foxconn dumps $19.5 bln Vedanta chip plan in blow to India

CFO News

"Foxconn has determined it will not move forward on the joint venture with Vedanta," the electronics maker said in a statement, without elaborating on the reasons.

article thumbnail

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

article thumbnail

Talent cultivation: ISCA’s new programme to create diverse, inclusive talent pool

Future CFO

The need of talent cultivation has driven the Institute of Singapore Chartered Accountants to launch the ISCA Global Talent Programme, the first of its kind for the island state’s professional services sector. The programme aims to develop the accountancy talent pipeline and position Singapore as an accountancy hub and a choice location for accountancy professionals, ISCA said.

article thumbnail

Wadia group looking for partners to bid for Go First

CFO News

The resolution professional of Go First has invited Expression of Interest (EoI) in the company from investors. The EoI allows a company or a consortium to bid for the airline by August 9.

40
article thumbnail

What Does a Recession Mean for You? It May Not Need to be What You Think!

CFO Selections

I've been pondering the narrative around an economic recession for this entire year, along with many of you. Candidly, the discussion reaches back into 2022. Economists were wrestling with whether the consequence of the US Fed's economic tightening would lead to a recession. Or if the economy had so much momentum, while economic activity would slow, we wouldn't enter a technical recession.

article thumbnail

CarTrade to acquire OLX India’s auto business for INR 537 crore

CFO News

In a stock exchange filing on Monday, CarTrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity which houses OLX India’s automotive business for a cash consideration.

40
article thumbnail

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.

article thumbnail

The best software for financial close and overview of the process

Spreadym

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. It typically occurs at the end of each month, quarter, or fiscal year and involves various tasks to ensure accuracy, completeness, and compliance with accounting standards and regulations.

article thumbnail

Jet Airways insolvency: Creditors say Jalan-Fritsch resolution plan unviable, unworkable

CFO News

The State Bank of India-led lenders on the monitoring committee of debt laden airline Jet Airways on Monday told the Supreme Court that the Jalan Fritsch consortium’s approved resolution plan has been rendered “unviable” and “unworkable” as nothing has been paid to it so far and even no money has been infused for the revival of the grounded carrier.

article thumbnail

India Inc looks to shelter employees

CFO News

Many companies, such as Deloitte, KPMG, Airtel, Coca-Cola, Wipro, UpGrad and ABB, with pan-India offices are considering offering work-from-home (WFH) or flexible work options to employees in case of extreme weather conditions in the coming days, their executives told ET.

40
article thumbnail

NCLT reserves order on Zee-Sony merger scheme

CFO News

The Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on the merger scheme between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment (Sony). The division bench of judicial member HV Subba Rao and technical member Madhu Sinha, while reserving the order on the scheme matter, allowed parties to file their written submissions.

article thumbnail

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.