Mon.Jun 26, 2023

article thumbnail

SEC puts SolarWinds CFO on notice in cyberattack probe

CFO Dive

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

CFO 242
article thumbnail

What Recession?

Barry Ritholtz

Rising rates, falling savings, increased deficits, dubious GDP : Ever since the yield curve inverted and warnings of “imminent recession” filled the air, the Philly Fed’s map of State Coincident Indexes has provided a good real-time snapshot of the state of the economy. Friday’s release might have snuck by, but its filled with upside surprises that are worth looking at.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

‘Stalling’ economy will fall into recession in Q4: Fannie Mae

CFO Dive

The Fed will likely trigger a downturn as it sustains high interest rates to cool the labor market and curb inflation, Fannie Mae said.

Marketing 234
article thumbnail

Resignation does not absolve auditor of his duty to report fraud: NFRA

CFO News

Auditors Diary: India’s audit watchdog on Monday issued a circular explaining the responsibilities of auditors in relation to reporting fraud in a company.

Auditing 111
article thumbnail

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.

article thumbnail

Fintech startup TreasurySpring raises $29M amid bank turmoil

CFO Dive

The startup is among fintech companies looking to capitalize on the Silicon Valley Bank collapse and other recent bank failures.

Startups 235

More Trending

article thumbnail

Inflation, talent shortages undercut finance team efficiency: report

CFO Dive

Under pressure from inflation and a dearth of skilled talent, finance teams’ efficiency is suffering, a survey finds.

Finance 237
article thumbnail

Lulu Group to invest Rs 10,000 crore in India over 3 years to complete ongoing projects

CFO News

Lulu group also has plans to set up an agriculture sourcing and logistics hub near Hyderabad Airport for facilitating exports and promotion of local Telangana produce across India and the world, he said. With more than 250 hypermarkets and 24 shopping malls across 22 nations, Lulu Group has been expanding rapidly in India as well, with investments in food processing and retail projects.

article thumbnail

Build a winning strategy with an integrated transformation approach

CFO Dive

Integrated transformation approaches modernize client operations and ensure that proposed solutions are implemented as planned.

Planning 216
article thumbnail

Asia Pacific becomes the new ground zero for cybercrime

Future CFO

Asia Pacific has emerged as the new ground zero for cybercrime incidents, said Check Point recently. According to a report by Check Point Research, APAC witnessed the highest year-over-year increase in weekly cyberattacks during the first quarter of 2023, averaging 1,835 attacks per organisation. In contrast, the global average stood at 1,248 attacks per week, the firm noted.

article thumbnail

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.

article thumbnail

Papa John’s taps Nike exec for CFO

CFO Dive

Ravi Thanawala takes on his new role as the company seeks to open more locations.

CFO 214
article thumbnail

Not aware of any subpoena to US investors, regulatory checks a routine: Adani group

CFO News

Adani Group has denied knowledge of the US Securities and Exchange Commission subpoenaing its investors over representations made by the company to them following allegations by Hindenburg Research that offshore companies were used to manipulate share prices.

article thumbnail

Cloud tensions flare as Google accuses Microsoft of vendor lock-in

CFO Dive

The three largest hyperscalers finally answered a Federal Trade Commission call for public comment, heightening industry scrutiny of Microsoft’s competitive practices.

130
130
article thumbnail

ICICI Prudential gets notice for alleged GST liability of Rs 492 crore

CFO News

In a notice to stock exchanges, ICICI Prudential said it has received show-cause-cum-demand notice of ₹492 crore for July 2017 to July 2022 period from DGGI. The company said it will take appropriate steps in due course to respond to the notice and contest the matter.

52
article thumbnail

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.

article thumbnail

IBM to acquire Apptio in $4.6B deal

CFO Dive

The purchase highlights a persistent customer interest in optimizing cloud costs, and opens upselling opportunities for IBM's hybrid cloud playbook.

130
130
article thumbnail

Banks told to push foreign trade in Rupee

CFO News

While many businesses - driven by commercial convenience, balance of payments, and terms of global reinsurers - often prefer to deal in hard, convertible currencies, New Delhi is pursuing its aim to internationalise the local currency.

article thumbnail

G2 ranks Cube “Most Implementable” and a “Leader” in multiple FP&A categories (Summer ’23)

Cube Software

The results are in: Cube receives multiple #1 rankings in G2’s Summer Report Cube’s G2 badges were earned across several disciplines, including Corporate Performance Management (CPM) , Financial Close , Financial Analysis , and Budgeting and Forecasting.

article thumbnail

Insolvency plea against Essel entity Cyquator dismissed

CFO News

In its petition against Cyquator Media, IDBI Trusteeship had invoked the provisions of Section 7 Insolvency and Bankruptcy Code read with Rule 4 of Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for resolution of financial debt worth ₹599 crore.

52
article thumbnail

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

article thumbnail

How to calculate projected sales: a guide for FP&A leaders

Cube Software

Sales projections: the domino effect Sales projections, also known as sales forecasts , use a variety of data sources to estimate future revenue. However, despite their name, they aren't solely designed to benefit the sales team.

Sales 52
article thumbnail

Tata Motors doubles down on CNG variants as demand surges

CFO News

The company, which launched the CNG variant of small car Altroz recently, said new launches in the segment, coupled with continued price differential with petrol and increased availability of CNG dispensing stations have been driving demand.

52
article thumbnail

10 Monday AM Read

Barry Ritholtz

My back-to-work morning train WFH reads: • Is Taylor Swift Underpaid? Aside from her music, Taylor Swift is giving us food for thought — a reminder both that the effects of technological progress can be more complex than you think, and that the technologies that matter most may also not be the ones you think. ( New York Times ) • Workers want to stay remote, prompting an office real estate crisis : A commercial real estate crisis may loom in cities like San Francisco, as brokers confront the imp

article thumbnail

Airtel Business rejigs leadership as CEO Ajay Chitkara quits

CFO News

Airtel Business will operate as three business and channel segments – Global business, led by Vani Venkatesh, Domestic business, led by Ganesh Lakshminarayanan, and Nxtra Data Centers, led by Ashish Arora, after its chief executive vacated office. "Ajay Chitkara, CEO Airtel Business, has decided to move on from Airtel. He will continue with the company until the third week of August 2023," India's telecom services provider Bharti Airtel said in a stock exchange filing.

article thumbnail

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.

article thumbnail

How to Create a Nonprofit Operating Budget

The Charity CFO

Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. It serves as the backbone of your nonprofit’s spending, fundraising, and much more. But if you need some help putting one together, you’re not alone.

article thumbnail

DBS Bank India appoints Rajat Verma as Managing Director

CFO News

DBS Bank India, has appointed Rajat Verma as managing director and head of institutional banking. Verma, who was previously with HSBC India will be taking over from Niraj Mittal, who is moving to Australia to take charge as the country head of DBS Bank. Under Verma, the bank aims to increase digitisation and deliver better value for customers.

Banking 52
article thumbnail

FCF Advanced Manufacturing Venture Capital Report – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the “FCF Advanced Manufacturing Venture Capital Report – 2023”. The report is part of the “FCF DeepTech Series“, which is a quarterly series of reports tracking. Read more The post FCF Advanced Manufacturing Venture Capital Report – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

Zee's plea against Sebi order: SAT adjourns hearing

CFO News

The Securities & Exchange Board of India (Sebi) argued its action was not based on any prejudice towards Chandra and Goenka, but a necessary step against the promoters of Zee Entertainment Enterprises Ltd to protect investors and other stakeholders.

article thumbnail

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.