Fri.Jan 19, 2024

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‘Little evidence’ remote work harms productivity: San Francisco Fed

CFO Dive

After surging during the worst of the pandemic, remote work has declined to 30% of paid workdays, according to research by the San Francisco Fed.

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SAP ERP for Medical Device Manufacturers

Navigator SAP

Medical device manufacturers face similar challenges, whether engaged with Medical Device Production , BioPharma & Nutraceuticals , Contract Development & Manufacturing , or Biotechnology. They all face dynamic product lifecycles from development and clinical trials through to distribution and revenue, and a demanding regulatory environment that requires tracking everything.

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Arizona Cardinals fire CFO in leadership shakeup: ESPN

CFO Dive

The move comes amid reports of a broader restructuring of the football club’s business operations, led by chief operating officer Wesley Walls.

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Weekend Reading For Financial Planners (January 20-21)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study has found that while total financial advisor headcount across all channels only increased by 0.3% in 2023, the RIA space showed significantly more strength, with 10.4% growth, as breakaway brokers and new advisors see the potential benefits of the RIA model.

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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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Amazon taps operations SVP for AWS CFO amid rocky cloud growth

CFO Dive

The long-time Amazon veteran will step into the top financial seat for AWS as the e-commerce retailer looks to bolster the cloud segment’s stale revenue growth.

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Beyond the numbers: Macy’s, Levi Strauss CFOs dish strategy

CFO Dive

Finance leaders are increasingly balancing financial and strategic duties. For some retail CFOs that’s meant a bigger role in growing market share.

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MiB: Shomik Dutta, Overture Ventures

Barry Ritholtz

 This week, we speak with Shomik Dutta , founder and managing partner at Overture , a venture capital firm focused on climate tech and sustainability startups. He is also co-founder and General Partner of Higher Ground Labs. He previously worked on both Obama presidential campaigns and served as a Special Assistant to the White House Counsel. Dutta discusses why Climate Investing is a for-profit opportunity, and not as it is so often portrayed as “Woke Investing.” The 2023 COP resu

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?ION wins ‘Best FX RegTech Tool’ at Global Finance GW Platt FX Tech Awards 2024

Reval

​LONDON – 16 January 2024: ION — a global leader in trading and. The post ​ION wins ‘Best FX RegTech Tool’ at Global Finance GW Platt FX Tech Awards 2024 appeared first on ION.

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Startups scouting for CFOs amid IPO, profitability push

CFO News

More than 40% of all CFO searches done by Korn Ferry in recent times were around new age companies that are planning to get listed, said Rahul Kakkar, partner and India head, CFO Practice, at the leadership advisory and senior executive search firm.

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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Americans are actually pretty happy with their finances : By the numbers: 63% of Americans rate their current financial situation as being “good,” including 19% of us who say it’s “very good.” Neither number is particularly low: They’re both entirely in line with the average result the past 20 times Harris Poll has asked this question. ( Axios ) • Japan’s Market Roars Back to Life—With Old-Timers Leading the Way : Afte

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Fake ITC Claim of Rs 180 Crore: Karnataka’s GST authorities detect 100 bogus firms, arrest mastermind

CFO News

Karnataka's Commercial Taxes Department, in collaboration with Kerala State GST authorities, has arrested Mohammed Siddiq for his role as a key mastermind in a multi-state GST fraud. The operation exposed a significant network involved in acquiring dummy GST registrations through forged documents and facilitating a scrap business across Kerala, Tamil Nadu, and Karnataka.

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Embracing the future: The rise of autonomous finance in organizations

Jedox Finance

Coined by industry analyst Gartner, autonomous finance refers to self-learning software agents that automate business operations and corporate finances. Autonomous finance is increasingly permeating all aspects of financial management by optimizing and streamlining financial data gathering and analysis.

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Sebi to crack down on inflated IPO subscriptions: Buch

CFO News

A mule account is basically a trading account maintained with a stock broker or a dematerialized account or bank account linked with such trading account in the name of a person, where the account is effectively controlled by another person, whether or not the consideration for transactions in the account are paid by such other person.

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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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Cost allocation: How to analyze spend across multiple entities

Centage

For companies that have multiple locations, profit/cost centers, corporate entities, departments, or other reporting units, one of the biggest challenges is optimizing spend allocation across these different areas of the business. This crucial aspect of financial management can significantly impact a company’s competitiveness, and its ability to stay agile in a changing business landscape.

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In my 3rd term, India will be among top 3 economies: PM Modi

CFO News

Prime Minister Narendra Modi, while pitching for his third term, invoked the 'Modi guarantee' and linked the economy of the country with his government's coming to power. He promised that in his next term, India would become one of the top three economies in the world. Modi addressed a rally in Solapur and highlighted the completion of the Pradhan Mantri Awas Yojana housing project.

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Sony stays mum on Zee's request for merger deadline extension

CFO News

Zee Entertainment has requested an extension for the deadline to complete the merger deal with Sony's subsidiary, Culver Max Entertainment. Sony has not responded to the extension request. The two-year agreement between Zee and Sony expired in December. Zee is committed to the merger and is engaging in good faith negotiations with Sony. Both companies need to inform regulators to terminate the merger deal legally.

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DGGI has no special power over state GST officials: Jharkhand HC

CFO News

"Prior to any determination or finding of any irregular or inadmissible availment of input tax credit, attachment of bank account of the petitioner appears to be an 'arm twisting method' to make the petitioner succumb to the particular authority, which cannot be the dictum of the Act," the court said in a ruling on January 15.

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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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How Mukesh Ambani & Family are navigating change at India's biggest firm

CFO News

The past year has marked RIL's foray into finance and its plan to dominate the media and entertainment as it heads towards merging its media business with Walt Disney. It is already India's largest retail and digital player. As India is on track to become the world's third-largest economy, RIL Chairman Mukesh Ambani believes his company too can rise globally to be among the top 10 global conglomerates.

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No trading in government bonds, foreign exchange and money markets on January 22: RBI

CFO News

The 3-day variable rate repo (VRR) auction conducted by the RBI on Friday, which is scheduled to reverse on January 22, will now be reversed on January 23. Meanwhile, a 3-day VRR auction that the RBI had earlier said would be conducted on January 22 stands cancelled and instead a 2-day VRR auction will be carried out on January 23.

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Stock market to have normal trading today, remain shut on January 22

CFO News

Earlier, stock exchanges announced to conduct a special live trading session on Saturday from the disaster recovery site. But, now as per the latest circular, regular trading activities will be performed on the primary site and there will be no switchover.

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Reliance Jio Q3 Results: Net profit rises 12.2% YoY to Rs 5,208 crore

CFO News

Reliance Jio Infocomm, the telecom unit under Jio Platforms Limited (JPL), reported 12.2% on-year growth in net profit for the fiscal third quarter.

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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.