Fri.Sep 29, 2023

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CFOs worry most about rate hikes: Fed survey

CFO Dive

While vexed by high borrowing costs, top financial executives see revenues rising next year and the economic landscape brightening.

Economics 298
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Maintain Food Safety Standards with the Help of ERP

Navigator SAP

When a manufactured food is purchased by a consumer, there is the expectation that the food product is safe and consistent. This safety and consistency is important for the reputation of the food brand in general, but it also is required for public safety reasons.

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Trending Sources

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Telecom firm former CEO, CFO charged with accounting fraud scheme

CFO Dive

The former CEO and CFO of the bankrupt Pareteum Corp. face charges of artificially inflating the company’s revenue by more than $40 million.

CFO 258
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NCLT rules out that IBC Code cannot be used as a tool for recovery

CFO News

IBC is a legislation empowering continuity of business operations and not to benefit a self-centric creditor. Hence, NCLT in its ruling has ensured that IBC stands by its preamble and not be used as a financial recovery mechanism.

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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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California Gov. Gavin Newsom signs $20 fast food minimum wage into law

CFO Dive

The deal, AB 1228, establishes a council with limited power to set the pace of wage increases until 2029, in what the SEIU calls a “historic” turn for labor.

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Weekend Reading For Financial Planners (September 30-October 1)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that RIA custodial platform Altruist announced that it is offering its portfolio accounting software for free to advisors who custody with the firm, offering the opportunity to advisory firms to reduce the costs of their tech stacks and perhaps presaging competition among custodians to offer more software capabilities for their advisory firm clients!

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Thousands of taxpayers get GST notices for FY18

CFO News

Tax experts said this would lead to an increase in litigation over the next three months while hitting cash flows of companies as they would be required to furnish 10% of the total liability as a deposit for filing an appeal.

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Is Amazon a Monopoly?

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Perth Tolle, Gunjan Banerji, and Downtown Josh Brown discuss Amazon’s antitrust issues, a coming secular rotation in equities, investing in emerging markets and China, meme stocks are back, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Centre notifies amendments in CGST and IGST rules for online gaming cos; 28% GST rule to come into force on Oct 1

CFO News

The Indian government has notified amendments to the Central Goods and Services Tax (CGST) and Integrated Goods and Services Tax (IGST) for online gaming companies. The amendments, which will come into effect from October 1, require all gaming companies based outside India to register themselves and deduct tax at source.

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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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EP 27: How Finance Leaders Are Adapting Their Teams

CFO Thought Leader

Brett and Jack draw parallels between the challenges faced by our three featured Planning Aces as they seek to optimize the talent resources and processes in their different organizations. The pressure to align strategy and execution is increasing, and all three CFOs share their responses to these external pressures. Brett also touches on the adoption of AI in finance.

Finance 52
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Centre hikes windfall tax on crude oil to Rs 12,000 per tonne

CFO News

The Indian government has increased the windfall tax on domestically produced crude oil to Rs 12,000 per tonne, up from Rs 10,000. In addition, the government has reduced the windfall tax on the export of diesel and Aviation Turbine Fuel (ATF).

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Avantra to release new AIOps platform for SAP operations automation

Future CFO

Artificial intelligence for IT operations (AIOps) platform Avantra is releasing its new Avantra 24 AIOps platform for SAP operations automation , available for download by November. The new Avantra 24 offers enhanced security note handling, automated certificate updating, and streamlined integration of enterprise add ins. Security note handling SAP provides security updates in frequent Notes, but it has been up to the user to scan them, determine which applies to them, and implement recommended

SAP 52
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Zee-Sony show runs into overtime; legal glitches behind delay: Experts

CFO News

Zee-Sony merger: Legal procedures may be the primary reason for the delay, experts said. The Tokyo-based conglomerate, which is Japan's fourth-biggest company by market value, didn't give specific reasons behind the delay in closing the transaction. Sony had earlier said it anticipated the merger to be concluded by September this year.

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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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Unlocking Opportunities with Cornerstone Capital Advisors’ Asset-Based Lending

CSC Advisors

In the dynamic world of finance, businesses often require flexible and innovative solutions to meet their capital needs. Asset-based lending, offered by Cornerstone Capital Advisors, emerges as a potent financial tool that empowers businesses to leverage their assets for growth and expansion. So, what does asset-based lending look like with Cornerstone Capital Advisors ?

Finance 40
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Vedanta raises Rs 2,500 crore through unlisted NCDs

CFO News

Vedanta Ltd, the Indian subsidiary of Vedanta Resources, has raised ₹2,500 crore through non-convertible debentures with an interest rate of 12%. The funds will be used for capital expenditure or loan repayment. Vedanta Resources, the parent company, has been downgraded by S&P Global Ratings due to debt issues and a funding gap of $600 million.

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How do You Know If Your Business Is Financially Healthy

CFO Share

In the world of business, financial stability isn’t just about profits, it’s about maintaining a stable foundation that fosters growth, resilience, and long-term success. Although facing the numbers can be boring or scary, knowing your financial health is critical to navigating challenges and seizing opportunities. This article sheds light on key indicators of financial well-being, red flags to watch out for, and actionable steps to bolster your company’s fiscal vitality.

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Smart traders turn to crypto perps to escape TDS on virtual digital assets

CFO News

Tailored for punters with the stomach to absorb losses in a market that can suddenly and dramatically turn volatile after a long lull, it's an offering that is neither aggressively marketed nor formally launched by mainline platforms.

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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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Achieving Faster Learning Cycles Using AI | Steven Cirulis, CFO, Potbelly

CFO Thought Leader

EP 27: How Finance Leaders Are Adapting Their Teams 928: The Strategy Between the Slices | Steven Cirulis, CFO, Potbelly MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

CFO 52
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Vedanta to demerge into six listed companies

CFO News

Mumbai-listed Vedanta, which produces copper, aluminium, iron ore and crude oil, and is a subsidiary of the London-based Vedanta Resources (VRL), said the exercise was aimed at building a simplified corporate structure that would appeal to focused investors.

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Can Economists Predict Recessions?

Barry Ritholtz

Before your week ends and you head out for door, I had to share a new paper from St. Louis Fed. The title: Can Economists Predict Recessions? Short answer: Maybe a quarter ahead (but not always). Beyond that short time frame, it’s simply too variable: “These questions have taken on particular importance recently. In the past four quarters, economic forecasters have, on average, predicted a 42% probability of a contraction in the U.S. economy in the next quarter, according to the Survey of

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India poised to grow at average 6.5 pc per annum over 2023-30: CEA

CFO News

The Indian economy is expected to grow at an average of 6.5% annually between 2023 and 2030, according to the Chief Economic Advisor V Anantha Nageswaran. He emphasized the need for India to plug into the global supply chain and make itself attractive for the China-plus one strategy.

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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Return to the office? These workers quit instead. As more companies crack down on remote work, employees are pushing back with walkouts and resignations. ( Washington Post ) • Americans’ feelings about the economy are getting worse : The data show that the recent reversal in gas prices (heading up) and in the stock market (heading down) are weighing on our mood.

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Maruti Suzuki receives show cause notice from GST authority

CFO News

Maruti Suzuki India has received a show cause notice from the GST authority for the period between July 2017 and August 2022. The notice demands interest, penalties, and the appropriation of Rs 139 crore in tax that has already been paid. The company plans to file a reply to the notice and has stated that it will not have any impact on its financial or operational activities.

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BRICS competition regulators to focus on large digital companies

CFO News

India has taken a series of steps in recent years to bolster its competition regime. These include amendments to the competition law to introduce a threshold for merger and acquisition deals.

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BFSI top sector in hiring; 60% rise in hospitality related jobs: Teamlease

CFO News

The BFSI sector is currently experiencing the highest hiring and attrition rates. There is a strong demand for open positions, particularly in credit card sales and customer service roles. The hospitality and tourism sectors are also seeing growth, with a 60% increase in related jobs year-on-year. There is a preference for women employees in 70% of these roles.

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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.