Tue.Mar 05, 2024

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Legacy tech stymies cost-cutting innovations

CFO Dive

Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as the top barrier, Deloitte found.

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EY: Southeast Asia businesses fall short on climate strategy

Future CFO

Despite apparent advances in reporting, businesses fall short on climate strategy and action , according to a study by Ernst & Young. The 2023 EY Global Climate Risk Barometer finds that there have been incremental developments in the quality of climate reporting, but rate of improvement is not enough to support climate commitments. Despite agreeing to climate commitments, about 56% of those surveyed in Southeast Asia do not disclose a transition plan to back these.

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Gender diversity on boards correlates with high credit quality: Moody’s

CFO Dive

Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.

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Pre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg

CFO News

Tiger Pacific Capital acquires 4% of B9 Beverages for $25 million, strengthening its capital base. The acquisition includes strategic partners and blue chip financial sponsors across geographies. Ankur Jain plans to raise $50 million for pre-IPO companies and listed securities.

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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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Pay roundup: States where minimum wage is on the rise

CFO Dive

A growing number of states are raising minimum wages: Delaware, Illinois and Rhode Island are expected to raise their levels to $15 in 2025, according to NELP.

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More Trending

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Former Twitter CEO, CFO sue Musk for $128M in unpaid severance

CFO Dive

Elon Musk vowed a “lifetime of revenge” against former Twitter leadership following the stormy lead-up to his takeover of the floundering social media site.

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Higher rated companies have larger proportion of women on board, says Moody's

CFO News

Companies based in advanced economies reflect a correlation between board gender diversity and credit ratings, but those in emerging markets do not, it said. This study considered 24 companies rated Aaa, 146 companies rated Aa, 728 companies rated A, 1,165 companies rated Baa, 582 companies rated Ba, 394 companies rated B, 90 companies rated Caa and nine companies rated Ca.

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Tech startup Slice raises $7M for equity compensation platform

CFO Dive

The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.

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Services growth remained robust in February, but slowed slightly: PMI

CFO News

Tuesday's survey injects a sense of optimism in the industry, the engine of economic growth and jobs, suggesting Asia's third largest economy will continue to grow at a world-beating pace this year after registering 8.4% last quarter.

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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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#FA Success Ep 375: Running 20+ Client Meetings Per Week By Systematizing The Meeting Prep And Follow-Up Process, With Rob Schultz

Nerd's Eye View

Welcome back to the 375th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rob Schultz. Rob is the Senior Partner of NWF Advisory, a hybrid firm based in Los Angeles, California, where he oversees nearly $500M in assets under management for 200 client households. What's unique about Rob, though, is how he's systematized his meeting process, from his meeting prep down to a standardized agenda flow that allows him to dig into client-specific details while also main

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NFRA engages with cos' independent directors, audit committees to further improve audit quality

CFO News

At an international conference organised by the National Financial Reporting Authority (NFRA) in the national capital, its Chairperson Ajay Bhushan Prasad Pandey on Tuesday batted for harnessing big data and artificial intelligence to enhance the accuracy of financial reporting.

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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

One of the questions we frequently receive from our readers is, "Which SaaS solution will have the biggest impact on my company?" Given the multitude of answers and approaches available online, we've decided to provide a definitive answer. Over the past few weeks, we conducted a survey involving more than 2,450 CIOs, IT directors and enterprise application directors.

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RBI bars JM Financial from financing against shares & debentures on serious deficiencies

CFO News

The action against the non-bank finance major was taken due to certain serious deficiencies with respect to loans sanctioned by the company for IPO financing as well as NCD subscriptions.

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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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The Mentoring Round | Chermaine Hu, CFO, Episode Six

CFO Thought Leader

Text add 979: The Changing Stripes of Finance Leadership | Chermaine Hu, CFO, Episode Six The post The Mentoring Round | Chermaine Hu, CFO, Episode Six appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Bloomberg bond index inclusion may see $5 billion inflows

CFO News

Upon complete integration into the Bloomberg Emerging Market 10% Country Capped Index, India is anticipated to stand alongside China and South Korea, reaching the 10% cap as one of the major markets.

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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

 The transcript from this week’s, MiB: David Snyderman, Magnetar Capital , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is not an official transcript. 00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg R

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Reliance Capital lenders' counsel asks Hindujas to roll out IBC plan

CFO News

The National Company Law Tribunal (NCLT) approved the ₹9,650 crore resolution plan of IIHL in its order dated February 27. Torrent Investments, which was the other bidder in the fray, has contested the resolution process, and the matter is pending before the Supreme Court.

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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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980: A New Era for Legal Services | Eric Bouchard, CFO, Axiom

CFO Thought Leader

Perhaps no single experience better reveals the breadth of challenges that regularly test even the most stoic of finance career-builders than that which confronted Eric Bouchard a little more than a decade ago at Bombardier, Inc. Tasked by management with negotiating the establishment of a new aerospace facility, Bouchard navigated through complex discussions with the Moroccan government, balancing the interests of Bombardier and the aspirations of a nation.

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Industrial and manufacturing sector dominates million-dollar CXO club

CFO News

CXOs from the industrial and manufacturing sector dominate the million-dollar compensation club, followed by financial services, automotive, and pharma sectors. Talent gaps, compensation structures, and the distribution of large companies impact high earners. Knowledge-based companies in IT, software, and banking perform well in terms of compensation.

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Karnataka to become $1 trillion economy by 2032: MB Patil

CFO News

Karnataka aims to become a $1 trillion economy by 2032 with a sustained growth rate of 18%. The state plans to bring out a new clean mobility policy to attract EV manufacturing. Karnataka wants to become a global manufacturing hub and has seen a 62% increase in per capita income in the last five years.

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Indian M&E sector expected to grow at 10% to Rs 2.5 trillion

CFO News

The Indian media & entertainment sector is projected to grow at a 10.2% rate, reaching Rs 2.55 trillion by 2024 and Rs 3.08 trillion by 2026. Digital media will be the largest segment, and online gaming, animation/VFX, and organised live events industry are also expected to see significant growth.

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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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IIFL Finance plunges 20% post RBI ban on gold loans

CFO News

Manappuram Finance and Muthoot Finance, two of the country's top gold financing companies, rose as the central bank's move is expected to benefit these firms.

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