Fri.Dec 08, 2023

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Talent tops 2024 CFO risks: Protiviti

CFO Dive

Risks relating to talent shortages, inflation and generative AI remain top of mind for finance chiefs as they look forward to 2024, Protiviti’s survey found.

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Why SMEs Should Rediscover SAP

Navigator SAP

Small and mid-sized businesses should reevaluate what SAP can offer them. Because like a nimble startup, the SAP of five years ago isn’t the SAP of today. There are some popular myths about SAP because the firm literally invented the enterprise resource planning space (ERP) and powers many of the world’s largest companies. The popular misconception about SAP solutions is epitomized by the starting assumption of mid-market business consultant Mike Wind before he actually looked at what SAP offers

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Trending Sources

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Most accountants back AI, viewing it as productivity boost: Moss Adams

CFO Dive

Accountants flagged several potential downsides from rapid AI adoption, including poor work quality, flawed data and undetected bias.

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Monthly NFPs Are Rounding Errors

Barry Ritholtz

You may have missed the most important data point in today’s Employment report. It wasn’t that Nonfarm payrolls increased by 199,000 in November, somewhat higher than expected; nor was it the unemployment rate, which fell to 3.7% in November, from 3.9% in October; nor was it that Wages continued to rise at a modest pace, with average hourly earnings up 0.6%.

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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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Instacart to focus on order efficiency to retain online grocery delivery dominance

CFO Dive

The practice of “batching,” or handling multiple orders per shopper trip, is improving unit economics, CFO Nick Giovanni says.

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More Trending

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Employees believe offices not ready for new way of working: study

CFO News

A Cisco study on employee attitudes toward returning to the office in India reveals that while 76% of employees respond positively to their organization's return-to-office mandate, 82% express a desire to return to the office at least a few times per week.

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501(c)(3) Donation Rules: The Ultimate Guide

The Charity CFO

501(c)(3) donation rules are crucial for any nonprofit organization to understand. Donations are the lifeline of any nonprofit organization. While some nonprofits depend more on government contracts or foundations, many rely on donations from individuals as their primary funding source. One essential tool that you can use in your nonprofit is donation tracking software that can help you keep track of incoming gifts.

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Vedanta Resources close to raising $1.25 billion from Standard Chartered Bank, Cerberus Capital

CFO News

Standard Chartered Bank will underwrite $950 million of the $1.25 billion financing while New York-based Cerberus Capital will cover the remaining $300 million, the people said requesting anonymity. Other credit investors could join as Standard Chartered Bank is expected to distribute or "sell down" its share of the loan, they added.

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How to streamline multi-location healthcare FP&A

Centage

Financial management can be a significant challenge for multi-location medical facilities. As multi-site healthcare businesses grow and evolve, the demand for advanced financial planning and budgeting solutions shifts from being a “nice to have” to presenting a crucial need for attaining business objectives. Companies offering services like LASIK eye surgeries, orthopedic treatments, or specialized surgical procedures are increasingly feeling the weight of FP&A challenges associa

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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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NARCL finalises acquisition of two SREI companies

CFO News

"This would be one of the largest time-bound resolutions in recent years," NARCL managing director N Sundar was quoted as saying in a press statement issued by the asset reconstruction company.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Report: Who Is Fleeing New York? Not Millionaires : A report found that New York is gaining millionaires, despite an earlier exodus, while lower-income families are being forced to leave, raising questions about the state’s tax policies.

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Will address EU’s carbon tax, retaliate if needed: Piyush Goyal

CFO News

Under the EU’s Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions. The monitoring of such products began October 1.

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G-sec inclusion in global indices to boost corporate bond market: Sebi chief Buch

CFO News

Speaking at the industry body CII’s Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.

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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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RBI declares formation of repository for fintechs to expand digital payments

CFO News

The Reserve Bank of India (RBI) has increased the limits on UPI payments to Rs 5 lakh for specific situations and announced the creation of a repository for fintechs. This move aims to expand digital payments and reduce reliance on physical cash or cheques. The limits for UPI transactions made to hospitals and educational institutes have been raised from ₹1 lakh to ₹5 lakh per transaction.

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India poised to become global economic powerhouse, aiming for $35 trillion economy by 2047: Goyal

CFO News

"The Bharat of today will indeed be the world’s growth engine and collectively India is going to be powering the world economy for several decades to come. Our mission is clear to make India a developed nation with a 10x growth to become a $35 trillion economy by 2047.

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SC dismisses retirement benefits plea of former ICICI Bank CEO Chanda Kochhar

CFO News

The Supreme Court upheld a Bombay High Court order refusing to stay the termination of former ICICI Bank CEO Chanda Kochhar. The court dismissed her plea seeking retirement benefits and entitlements like Employee Stock Options (ESOPs), which were allegedly revoked by the bank after her "illegal termination." The court stated that there was no case for interference.

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Connected lending: Das & Co get serious about a bank system that Raghuram Rajan had warned

CFO News

Reserve Bank of India MPC Meeting Updates: India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster 'connected lending,' granting preferential loans to connected parties. While a 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power.

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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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Why is Mukesh Ambani scouring sugar mills across India?

CFO News

Mukesh Ambani, Chairman of Reliance Industries Ltd. (RIL), is exploring a fresh avenue in the energy sector by targeting an underexplored resource: sugarcane press mud for compressed biogas (CBG) production. RIL is engaging with sugar mills to procure press mud, signaling a move towards biogas amid the push for green energy.

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Coca Cola plans Rs 3,000 crore investment in Gujarat's Sanand

CFO News

The state government has already allotted a 1.6 lakh square meter plot of land (SM-52) in Sanand Industrial Estate-II for the plant. Government sources have confirmed that the approval process has been expedited, showcasing the company's commitment to its investment in Gujarat.

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Funding in Indian startups sinks to $7 billion, lowest since 2017

CFO News

Startup Funding: Investments till date at $7 billion for 2023; Oct-Dec least funded quarter since July-Sept 2016, show data

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Single KYC for all financial services soon: DEA Secretary

CFO News

Talking about India's digital infrastructure in general and UPI payment in particular, Seth said that the world is now recognizing the model and many countries after Singapore, including UAE and US are now asking the government to connect to their digital payment system.

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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.