Fri.Apr 14, 2023

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Why CFOs eyeing IPOs must prep now

CFO Dive

While many companies have put public listing plans on pause, CFOs would be wise to get ready now for when the IPO window reopens, Nick Theos writes.

Planning 269
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The ERP Features Most Important for Professional Services Companies

Navigator SAP

Efficient processes are important for professional services companies just as they are for every other type of business. One way that professional services firms drive this efficiency is through the use of an enterprise resource planning solution (ERP).

Planning 130
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Trending Sources

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Accountants demand change or else

CFO Dive

Rethinking the future of accounting could persuade some of the over two-thirds of accountants who may want to leave the profession to stay put, according to FloQast’s CEO.

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The Benefits of Implementing SAP HANA

Navigator SAP

SAP HANA is the database tech behind the SAP ecosystem and powers SAP S/4 HANA , the ERP suite. HANA provides the database platform that can manage, store, and structure huge data volumes and process data on demand.

SAP 130
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Planning Your Restaurants 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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Groupon appoints Pale Fire alum to CFO seat

CFO Dive

Pale Fire alum Jiří Ponrt’s CFO appointment comes just a few weeks after the e-commerce firm’s largest stakeholder slid its co-founder into Groupon’s interim CEO chair.

CFO 254

More Trending

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Credit squeeze likely to trigger recession: IACPM

CFO Dive

Federal Reserve economists cited banking turmoil and predicted a mild downturn later this year.

Banking 265
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I Bond dilemma: Buy in April, buy in May, or don’t buy at all?

Tips Watch

The I Bond’s fixed rate could rise to 0.6% or higher on May 1. Should you wait? Or look at alternatives? By David Enna, Tipswatch.

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Weekend Reading For Financial Planners (April 15-16)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that on the heels of introducing its own self-clearing platform and acquiring fellow RIA custodian Shareholder Services Group, Altruist announced that it raised $112 million in a series D funding round, bringing its total funding to more than $290 million.

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'India must open up to capture foreign dairy market'

CFO News

According to Chand, being export competitive requires higher competitiveness than competing with imports. "A country cannot be export competitive if it is unable to compete with imports. This issue is crucial for the future growth of the dairy industry in India," he said. As per the working paper, milk production in the country is projected to grow at 6% per year while the per-capita milk intake is already above the recommended level, even as population growth is falling below 1%.

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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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Improving Financial Behavior (Podcast)

Barry Ritholtz

When I first launched “Masters in Business” in 2014, I spent a lot of time begging ( begging !) guests to come on. So when Brendan reached out and asked to come on to discuss behavioral finance and financial planning, I felt like paying it forward was the right way to go. We discussed my first job in finance on a trading desk led to my accidental discovery of Gilovich’s book How We Know What Isn’t So became my gateway drug to Behavioral Finance.

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CPPIB, OMERS on road to Rs 4,300 crore infusion in IndInfravit

CFO News

Canada Pension Plan Investment Board (CPPIB) and Ontario Municipal Employees Retirement System (OMERS) are planning to invest over ₹4,300 crore ($526 million) in IndInfravit, an Indian infrastructure investment trust (InvIT) majority owned by them. This funding is linked to IndInfravit's acquisition of a portfolio of five Indian road assets from Brookfield valued at $1.2 billion.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • What Happened When the IRS Got Audited : Obsolete software. Archaic code. Tech so old it makes the typical member of Congress look young. The IRS has an IT problem. ( Wall Street Journal ) • A beginner’s guide to accounting fraud (and how to get away with it) : A history in the faking: The mechanics of making up sales are pretty simple.

Auditing 108
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Vedanta in talks with Barclays to raise Rs 1,500cr loan

CFO News

The loan will have a first exclusive charge over the fixed assets of the Thoothukudi (Tuticorin) copper smelter in Tamil Nadu and an exclusive pledge over Hindustan Zinc shares, providing a 2.2x cover. The Supreme Court of India has recently allowed Vedanta to start maintenance work at Sterlite Copper facility in Thoothukudi, which is shut since 2018.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Mukesh Ambani builds on record cricket views with film offerings, draws up payment plans for JioCinema

CFO News

JioCinema, the streaming service of Mukesh Ambani’s conglomerate, is planning to release over 100 films and TV series to compete with global companies such as Disney and Netflix in the Indian market. Viewers can watch matches for free until the end of the Indian Premier League cricket next month. However, pricing strategy is still being finalised before it starts charging for content.

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ReNew Energy arm to raise $400 million via green dollar bonds

CFO News

Road shows for the bond issuances in favour of Diamond II Ltd are scheduled to commence early next week, with Barclays, HSBC, Deutsche Bank, JP Morgan, BNP Paribas, and Standard Chartered Bank serving as joint global coordinators. DBS, Mizuho, MUFG, SMBC Nikko Securities, and Societe Generale are joint book runners, the sources said.

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India Inc opens its doors to neurodiverse employees

CFO News

Companies in India like Accenture, Wells Fargo, JP Morgan, Nagarro, and Lemon Tree Hotels are expanding diversity and inclusion programs to hire individuals with autism. They are creating job roles to cater to their abilities and are upgrading insurance programs. The skills of individuals with autism, which include structured and logical thinking and impressive memory, match well for technical and operational roles.

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Increased competition likely to prompt telcos to delay tariff hikes to next fiscal

CFO News

Private telcos Reliance Jio, Bharti Airtel, and Vodafone Idea are expected to defer the next round of prepaid tariff increases until April 2024, following intense competition to acquire higher-paying customers and a weak consumption environment. This delay is amid heightened competition as telcos acquire high ARPU customers and aggressive 5G roll-out plans, with low probability for tariff hikes in the near term.

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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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India Inc's topline growth in Q4FY23 to halve to 10-12 pc: Report

CFO News

For the full fiscal FY23, revenue is estimated to have grown 19-21 per cent, which is slower than over 27 per cent growth registered in FY22, it said, adding that operating margin is likely to have moderated by 3 percentage points.

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RBI’s framework on Green Deposits to integrate more of ESG factors for NBFCs

CFO News

The ‘green deposit’ means an interest-bearing deposit, received by the RE for a fixed period and the proceeds of which are earmarked for being allocated towards green finance.

Finance 52
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Crypto issue requires immediate attention, says Nirmala Sitharaman

CFO News

Issues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector. The brainstorming session was attended by global experts on this issue.

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India, Japan, Bangladesh explore ways to boost bay of Bengal economy

CFO News

Asian Confluence, a Meghalaya-based think-tank that organised the meeting in collaboration with the ministry of external affairs, has in a study suggested that both the northeast and Bangladesh scale up the multi-modal connectivity, which would not only help the region to raise its competitiveness but also narrow the development gaps in the region. The study was released at the meet.

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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.

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Many Indian proposals well supported by G20 countries: FM Nirmala Sitharaman

CFO News

Nirmala Sitharaman met her counterparts from the G20 nations on the sidelines of the annual spring meetings of the International Monetary Fund and the World Bank in Washington on Thursday.

Banking 52
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Unsecured personal loans top growth driver for banks, beat wholesale segment

CFO News

In absolute terms, unsecured loans were at ₹2.2 lakh crore between February 2022 and February 2023. This is almost double the amount banks lent to large corporates in the same period at ₹1.18 lakh crore (or 5% year-on-year) and inching closer to ₹2.49 lakh crore worth of home loans extended by commercial banks.

Banking 52
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How India's new 7-day time limit for e-invoice generation affect some taxpayers

CFO News

Until now, there was no time limit for e-invoice generation. Taxpayers had the option to generate e-invoices in real-time or even after a few days or weeks. However, now there is a new restriction; a seven-day time limit for reporting invoices to the IRP. The time limit will apply to e-invoicing-eligible businesses with a turnover of Rs.100 crore or more from 1st May 2023.

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FM Sitharaman calls for swift recast of developing, poor nations' debt

CFO News

India's finance minister, Nirmala Sitharaman, has urged for timely restructuring of loans of poor nations, adding that international debt issues are closely linked with global poverty challenges. Half of the world's low-income countries are at high risk of being under excessive debt, together paying back $326bn. The G20 has endorsed a framework to tackle the issue, though it has yet to aid any country.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Punjab launches GST Prime portal and SIPU for effective tax compliance

CFO News

The GST Prime portal will help in better tax monitoring by tax officials and enhanced compliance by the taxpayers.

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Economists see MSME sector to be worth Rs 1 trillion by 2028

CFO News

Economists also focussed on considering growth in terms of long-term, short-term or medium-term growth.

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Domestic steel companies' profitability set to rise in March quarter

CFO News

The March quarter tends to be the strongest for steel companies in terms of demand. Higher prices and strong demand should lift the operating profit made by steelmakers by ₹1,500-2,500 per tonne of steel sold, analysts said.

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