Tue.Mar 19, 2024

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CFOs play it safe on AI spending

CFO Dive

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

Budgeting 301
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India's direct tax collection grows 20% to Rs 18.90 lakh crore till March 17

CFO News

India's fiscal prowess shines through as direct tax collections surge to Rs 18.90 lakh crore in FY 2023-24, accompanied by a notable rise in gross collections and advance tax figures.

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Trending Sources

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Cube taps Workday alum to drive tech, finance synergy with new $20M funding

CFO Dive

Workday alum Suresh Bala will keep his eye on the goals of the CFO as he taps the new funding to elevate Cube’s FP&A offerings, he said.

Finance 296
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Not changing view on Adani companies: JP Morgan amid probe reports

CFO News

"Overall, as details are very scant and the investigation itself might not lead to any successful prosecution, with likely limited potential financial/fundamental impact, we do not make changes to our recommendations at this stage for the Adani Group," Love Sharma, senior credit research analyst at JP Morgan, said in a report.

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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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Tech Q1 job cuts surge above 50K

CFO Dive

The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.

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More Trending

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Federal appeals court pauses SEC climate rule implementation

CFO Dive

The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit of Appeals, as the first of multiple challenges yields action.

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RBI draws contrast between demand for domestic FMCG & premium biz, says 'significant per capita income shifts are underway'

CFO News

The Reserve Bank of India forecasts a potential slowdown in the domestic FMCG sector in the next six months but highlights robust demand for premium consumer businesses. Despite the festival season, private final consumption expenditure remains low, and government consumption contracts. Capacity utilization across sectors prompts the need for new investments.

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Pitney Bowes CFO exit brings more C-suite churn

CFO Dive

Finance chief Ana Maria Chadwick is leaving Pitney Bowes roughly five months after then CEO Marc Lautenbach stepped down.

CFO 179
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#FA Success Ep 377: Navigating A Major Health Event While Keeping Your Advisory Firm Going And Growing, With Meredith Moore

Nerd's Eye View

Welcome back to the 377th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Meredith Moore. Meredith is the Founder & CEO of Artisan Financial Strategies, a hybrid advisory firm based in Alpharetta, Georgia, that oversees $77M in assets under management for 120 client households. What's unique about Meredith, though, is how she was able to keep her firm open, navigating through and ultimately growing to more than $1M of annual revenue, despite a diagnosis in 2

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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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Reliance Power and its parent entity actively settling dues with lenders

CFO News

Reliance Infrastructure and JC Flowers ARC had entered into a standstill agreement, according to notice issued to the exchanges on January 7. Initially, the standstill was until March 20, 2024, according to a separate stock exchange disclosure. "This was recently extended to March 31, 2024," said a spokesperson of Reliance Infrastructure.

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Decoding financial trends: a deep dive into vertical and horizontal analysis for FP&A

Cube Software

What is vertical analysis? Vertical analysis is a method used in financial reporting where each line item on a financial statement is listed as a percentage of another item. This allows finance teams to see the relative sizes of accounts.

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Lending rates to start easing only in second half of FY'25: Report

CFO News

Bank deposit rates are unlikely to rise further. But the structural shift in the system will keep downward rigidity intact. Hence, banks’ lending rate is expected to remain high in FY’25 with some modest softening towards the end.

Banking 52
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Toyota Finance completes implementation of Wolter Kluwer's CPM solution

Future CFO

Toyota Finance Corporation completed the implementation of Wolters Kluwer ’s CCH Tagetik corporate performance management (CPM) platform , reducing monthly aggregation and reporting time by 50%. The CPM solution also frees up staff time to add insightful, data-driven perspectives to support business units in making more agile decisions. The Challenge Toyota Finance has been seeking a new CPM platform that could dramatically improve the speed and efficiency of its data aggregation and analysis pr

Finance 52
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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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Pvt investments rise in India very visible, says ADB

CFO News

ADB, under Dasgupta's leadership, aims to increase private investments in India, focusing on clean energy and financial inclusion. Reforms and new models like IF-CAP are set to strengthen ADB's role in climate finance.

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. They are at the forefront of steering the company through changes, working hand-in-hand with the CEO to make sure the business not only survives but thrives in a world that keeps changing rapidly.

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Shapoorji arm to raise Rs 700 cr through data centre stake sale

CFO News

"The modalities of stake sale are still under discussion, but the strategic investors (more than one) have agreed to bring in Rs 700 crore into Sterling and Wilson," Prasanna Sarambale, CEO of data centre business at Sterling and Wilson (SWPL), told ET.

Sales 52
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The US Finance Landscape in 2024: Embracing Technology for Growth

Lime Light

The American financial landscape is undergoing a dynamic transformation. Gone are the days of siloed data, manual processes, and reactive decision-making.

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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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Indian alcohol cos can raise a toast to higher sales, better margin: ICRA

CFO News

ICRA predicts a positive outlook for the alcohol industry in FY2025, with revenue growth expectations for domestic companies and IMFL companies, alongside a promising season for beer companies.

Sales 52
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The Top 20 Leading CFOs of Aerospace & Defense

CFO Thought Leader

The post The Top 20 Leading CFOs of Aerospace & Defense appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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From just 8% in 2000, share of women CAs now 30%

CFO News

A recent report has revealed a significant rise in female Chartered Accountancy qualifiers, now making up 48% of pass-outs, a record high. The overall representation of women CAs has also surged to 30%, up from a mere 8% in 2000. Among the 8.63 lakh students, 43% are females. The outsourcing of accounting and auditing to India has opened up new opportunities.

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The Top 20 Leading CFOs of A.I.

CFO Thought Leader

The post The Top 20 Leading CFOs of A.I. appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

CFO 52
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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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Evaluating various future options for ice cream business in India, says HUL

CFO News

The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business, the HUL spokesperson added.

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Building a successful career in finance

Future CFO

Biotechnology firm, Cytiva, formerly known as GE Healthcare, developing many products for scientists, clinicians and big pharma, including end-to-end solutions from equipment to software to reagents, as well as automated data collection, and digital traceability. In describing the business of Cytiva’s CFO for the Biotechnology Group in APAC, Christine Tan notes that the firm’s customers undertake life-saving activities ranging from fundamental biological research to developing innovative vaccine

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If there's one story where risks are limited and upside's high, it is India: HSBC India CEO Hitendra Dave

CFO News

The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC India to become the vital lever of growth for the British bank, Dave said in an interview with Bhaskar Dutta and MC Govardhana Rangan.

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Startups ‘reverse flip’: Pine Labs, Zepto, Meesho in queue for India return

CFO News

Startups such as Pine Labs, Zepto, Meesho are the latest new-age companies looking to move headquarters to India. However, Indian-origin companies looking to move base from the US or Singapore face a hefty levy.

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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.