Mon.Jul 31, 2023

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How finance chiefs can cut back on IT spending waste

CFO Dive

To tackle outdated or redundant tech driving up IT spending costs, CFOs need to work with CIOs to create a “common plan,” LeanIX’s Christian Richter said.

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Regulatory action in EKI Energy will go a long way in improving independence of auditors: Amarjit Chopra

CFO News

Action needed if any, against preparers of financial statements (CFO in particular) would ensure the preparation and presentation of qualitative, transparent, standards-compliant, and meaningful financial statements., says ex-President of ICAI.

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Trending Sources

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Microsoft aims for phased FP&A tool rollout

CFO Dive

The software giant is being cautious as it rolls out its new AI-powered FP&A tool, which is currently being tested with selected clients in a “private preview” phase.

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Manufacturing PMI eases for second month, dips to 57.7 in July

CFO News

According to S&P Global, the rate of input cost inflation accelerated to a nine-month high in July, but remained softer than the series average. Where input prices increased, panellists reported higher costs for raw materials, in particular cotton.

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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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Trintech CFO taps ‘club’ loan for $230M Fiserv deal

CFO Dive

“The M&A market has had a lull but for us this is the right time and we were able to find the right asset,” Trintech CFO Omar Choucair told CFO Dive.

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More Trending

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It’s time for family-owned firms to put private equity on the table

CFO Dive

Well-publicized cases of bad behavior have fueled certain biases against private equity. But family-owned businesses shouldn’t ignore the financial lifeline that PE can offer, Bob Goldsmith argues.

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Indian units of foreign cos under GST scanner over ESOPs

CFO News

Indian subsidiaries of foreign companies, particularly in the technology sector, are facing GST scrutiny over issues with employee stock option plans (ESOP) and employee share purchase plans. Authorities are reportedly demanding the 18% service tax as the obligation lies with the Indian subsidiary to provide shares under an employment contract.

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Empowering green transformation: The finance department’s role in building ESG-focused supplier networks

CFO Dive

As businesses transition to more environmentally conscious operating models, ESG-focused supplier networks are gaining recognition as a critical component of corporate sustainability programs.

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A Roadmap For Solo RIAs Making Their First Hire

Nerd's Eye View

Many financial advisors who launch solo advisory firms do so with the intention of adding more employees once the firm becomes big enough to support them. And while conceptually it makes sense that the firm will be ready to hire its first employee at some point, in practice, there often isn't a lot of clarity about the right time to actually make an initial hire.

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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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How CFOs can recognize the true value of digital investments

CFO Dive

Investing in digital capabilities is essential for most businesses to find new paths for long-term growth and to compete with digital-native companies.

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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

A previous episode in this blog series gave an overview of How the Digital Solutions Economy (DSE) is Impacting the Medical Device Industry. This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition.

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Workers say surveillance makes them less productive — if they even know about it

CFO Dive

While employers have sought surveillance to improve remote productivity, various studies and surveys indicate that such monitoring could be counterproductive.

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Commerce minister Piyush Goyal may meet top ecommerce executives on Wednesday

CFO News

Piyush Goyal Ecommerce Executives: The department of consumer affairs recently sought data from online grocers and quick commerce companies to understand their business models.

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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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Rosewood Hotel Group announces new CFO

Future CFO

Hong Kong-headquartered Rosewood Hotel Group recently announced the appointment of Kevin Yung as CFO. In the past years, Yung was at the helm of Rosewood Capital Ventures in the role of Managing Partner. During that period, he also served as a strategic advisor to Rosewood Hotel Group, offering guidance and support across multiple areas of the business.

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Reliance Industries, Brookfield sign initial pact to boost renewable energy manufacturing in Australia

CFO News

Reliance Industries and Brookfield Asset Management have signed an initial agreement to develop renewable energy and decarbonisation equipment within Australia. The partnership aims to drive down the cost of manufacturing clean energy equipment in Australia including PV modules, long-duration battery storage and wind energy components.

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Unleashing the AI revolution in finance: your trusty ally and beauty guru

Future CFO

In the bustling world of finance, a quiet revolution is underway, powered by artificial intelligence (AI). This transformative technology has taken centre stage, revolutionising the way finance professionals operate and make decisions. From driving efficiency to unravelling complex patterns in data, AI has proven to be a trusty ally, much like a beauty guru helping you choose the perfect cosmetic to accentuate your features.

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PayU to sell its Global Payment Organisation to Rapyd for US$610m

CFO News

The transaction will enable PayU to focus on the large payments and fintech opportunity in India where it is serving more than 450,000 merchants and over 2mn credit customers.

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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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Biotech’s Quest for Growth | Erin Golgan Sensei Bio

CFO Thought Leader

CFO GUEST: Erin Colgan of Sensei Bio 920: When Leadership Calls | Erin Colgan, CFO, Sensei Bio 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 engineering support.

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Associate level employees got the best appraisal this hike season: survey

CFO News

Despite the cautious sentiments in the job market, six out of ten Indian employees received a salary hike this year, according to a survey by talent platform foundit. The report reveals that 13% of non-metro city professionals secured an outstanding hike of over 20%, compared to professionals in metros at 11%. Associate level professionals received the highest hikes while half of entry-level employees received no appraisal.

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Brand Awareness: A Step-by-Step Guide on How to Build it

Capital CFO LLC

As a small business or start-up, the importance of building your brand and cultivating brand awareness is fundamental. Developing a strong, cohesive and consistent brand will lead to lasting, long-term […] The post Brand Awareness: A Step-by-Step Guide on How to Build it appeared first on Capital CFO+.

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Centre increases windfall tax on crude to Rs 4250 per tonne

CFO News

It has also increased duty on export of diesel to Rs one per litre from Nil. The new rates will be effective August 1. Export duty on petrol and export duty for Aviation Turbine Fuel (ATF). will continue to be nil.

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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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Conflicts of Interest: Why it’s Important and How Often it Should be Done

The Charity CFO

Addressing conflicts of interest in a nonprofit is essential for success. It directly impacts the credibility, public trust, and overall effectiveness of the nonprofit in achieving its mission. By actively identifying and managing conflicts of interest, these organizations can protect their credibility, maintain donor confidence, and ensure that their resources are utilized solely for the benefit of their intended recipients.

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Adani group in talks to raise $1.8 billion from India bond sales

CFO News

​​Adani Ports and Special Economic Zone, Adani Electricity Mumbai, Mumbai International Airport, Navi Mumbai International Airport and flagship Adani Enterprises are among the group’s firms that may issue first

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AIs Impact on Corporate Finance

The Finance Weekly

Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. With the emergence of , AI tools and Large Language Models (LLMs) like ChatGPT, Google Bard, and BERT, professionals in these fields can benefit from enhanced capabilities and streamlined processes. In a recent webinar sponsored by Datarails , the FP&A solution for Excel users, three distinguished finance leaders came together to discuss the impact of AI on corporate f

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GST evasion of Rs 14,302 crore detected in April-May; 28 persons arrested

CFO News

As many as 2,784 cases of GST evasion involving Rs 14,302 crore were detected in the first two months of the current fiscal, while Rs 5,716 crore was recovered during the period, Parliament was informed on Monday. Finance Minister Nirmala Sitharaman in a written reply in the Lok Sabha gave details of Goods and Services Tax (GST) and income tax evasion, as well as detection of outright smuggling by the Customs department.

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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.