Mon.Aug 28, 2023

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Unlock the full potential of digital transformation in Finance and Accounting for CFOs

CFO Dive

Ever-evolving technology that can improve efficiencies while reducing risks and optimizing costs should be explored and exploited for their potential benefits to the organization.

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Danger Ahead – What are the Future Business Risks? And what can we do about it? (From a CFO’s Perspective)

CFO Selections

Uncertainty , a term frequently mentioned by business leaders today, essentially refers to business risk - an area CFOs often focus on. Let's delve into the various types of risk a business may face.

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Trending Sources

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SEC signals sharper scrutiny of soured real estate loans

CFO Dive

A report from the Arnold & Porter law firm warns “accounting for expected credit losses will be a high priority for bank examiners and the staff of the SEC.

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TD Ameritrade To Schwab Conversion Tips For Financial Advisors

Nerd's Eye View

The announcement of the merger between Charles Schwab and TD Ameritrade in November 2019 kicked off a marathon of preparation for advisory firms to transition their clients on the TD Ameritrade custodial platform to Schwab. And with the final conversion of clients scheduled to take place over the upcoming Labor Day weekend of 2023, the marathon is approaching its final sprint toward the finish line.

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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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For new CFO hires, culture is key, DHR Global exec says

CFO Dive

Facing fast-emerging technologies and economic headwinds, CEOs are looking for CFOs who “think like them,” DHR Global’s Jeanne Branthover says.

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More Trending

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Global business optimism rebounds as inflation eases

Future CFO

Global business optimism is rising as inflation starts to show signs of easing. According to Grant Thornton’s International Business Report (IBR), optimism among mid-market business leaders climbed to 67% during the first half of 2023 — up 8% compared to H2-22. The climb in global business optimism has been driven by record numbers of mid-market business leaders expecting increases in profitability (up four points to 59%), selling prices (up four points to 55%) and revenue from exports (up two p

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RIL Board recommends appointment of Isha Ambani, Akash Ambani and Anant Ambani on the Board of Directors

CFO News

Nita Ambani to step down from the Board – to continue as Chairperson of Reliance Foundation.

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On the Road (to Camp Kotok)

Barry Ritholtz

Econ on the Road Labor, Consumers, Inflation & Data Earlier this month, I spent two and a half hours each way in a car — plus a quick (and horrifying) lunch at the wonderful Eagle’s Nest for Loster Roll and fries. My delightful traveling companions for each way were Dave Nadig of VettaFi + Cameron Dawson at Newedge Wealth. Dave has the best title in all of Wall Street: Financial Futurist.

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Only three women CFOs in Nifty 50 firms: ETCFO Research

CFO News

In the top 50 blue-chip companies based on market capital, ONGC, Nestle India, and Eicher Motors are the only organisations where the finance function is led by women finance chief executive. This means and accounts for only 6% women finance leaders in the NIFTY 50 companies that ETCFO researched.

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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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Navigating Accounting and Finance Staffing Shortages in Private Equity Backed Portfolio Companies

E78 Partners

The landscape of private equity is no stranger to turbulence, with market dynamics and economic shifts often dictating its course. The emergence of the COVID-19 pandemic in 2020 added unprecedented complexities to this environment, disrupting operations, altering investment strategies, and affecting staffing across industries. As economies gradually recover, labor shortages have emerged as a significant challenge, profoundly impacting private equity backed portfolio companies.

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NCLAT grants partial relief to Jet bidder JKC on terms of payment

CFO News

The Jalan-Kalrock Consortium, which won the bid for Jet Airways, has received a month's extension for payment of Rs 100 crore and adjustment of the performance bank guarantee from the National Company Law Appellate Tribunal. The consortium had filed an appeal asking for relief in payment terms. The committee of creditors had argued against the adjustment of the performance bank guarantee.

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Working as a Team: Forming your advisory financial committee

The Charity CFO

Running a successful nonprofit requires many diverse skill sets, from experts in your particular field to fundraising and event pros. Unfortunately, one area where many otherwise thriving nonprofits lack experience is financial and money issues. This critical knowledge is a must-have for both long-term growth and short-term stability, but it can be challenging to attract suitable help.

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India's current account deficit seen falling to around 1pc or USD 10 billion in Q1: India Ratings

CFO News

India Ratings expects CAD to rise in the second quarter of the current fiscal as it sees merchandise exports declining below USD 100 billion after a gap of eight quarters. Imports are expected to be around USD 163 billion during the period, up from a seven-quarter low of USD 160.3 billion witnessed in Q1 FY24, due to increase in crude prices since July.

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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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FP&A Machine Learning - the Current State of AI in FP&A

Lime Light

FP&A machine learning is ready to help you unlock your full potential as CFO. In fact, few roles are set to be revolutionized the way AI is going to transform the CFO role - turning you into the finance rockstar you always could be, but were too bogged down in rote manual tasks and spreadsheet jockeying. That’s good news - better news is that you don’t have to wait to start taking advantage of AI’s promise.

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India’s tax department investigating FirstCry founder for alleged $50 million tax evasion

CFO News

India's tax department is investigating the founder of unicorn FirstCry.com on charges of evading taxes to the tune of $50 million. Sources said at least six investors in FirstCry, including private equity firm ChrysCapital Management Co and Sunil Bharti Mittal’s family office, have also received enquiries related to the matter.

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FP&A Machine Learning - the Current State of AI in FP&A

Lime Light

FP&A machine learning is ready to help you unlock your full potential as CFO. In fact, few roles are set to be revolutionized the way AI is going to transform the CFO role - turning you into the finance rockstar you always could be, but were too bogged down in rote manual tasks and spreadsheet jockeying. That’s good news - better news is that you don’t have to wait to start taking advantage of AI’s promise.

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India must focus on education and infra for growth: Moody's report

CFO News

"The ability of sovereigns to address these challenges will determine the extent to which their large populations can take advantage of opportunities to enhance long-term economic growth," the ratings and research firm said in a report released Monday.

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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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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • The ‘Fidelity Mafia’ Behind Big Crypto : The mutual-fund powerhouse was a bitcoin pioneer and built a deep talent pipeline for the industry. ( Wall Street Journal ) • Small Multifamily Homes Were Disappearing. Now States Are Scrambling to Revive Them : Construction of low-density housing like duplexes hovers near record lows, as states pass zoning reform to tackle the affordable housing crisis. ( CityLab ) see also Solar Boom Spreads to Timberlands and

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Lenders working on common portal to handle digital frauds

CFO News

A senior bank executive aware of the developments said the portal will help lenders connect seamlessly on such fraud cases and stop and trace funds being transferred from one account to multiple accounts.

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Trump’s tariff would shrink GDP 1.1%: Tax Foundation

CFO Dive

A new, far-reaching round of tariffs promoted by Trump would harm profits and productivity at U.S companies, according to a recent report.

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Hospitality sector on hiring spree as festive season nears

CFO News

The hospitality sector in India is experiencing a shortage of staff and is now hiring additional talent for various roles in hotels and restaurants. The Tourism and Hospitality Skill Council is conducting a study to analyze the skill gap in the industry nationwide.

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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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BPCL commits to Rs 1.5 lakh crore in capital expenditure over 5 years

CFO News

The company aims to grow its oil business and expand its renewable energy portfolio to achieve a net-zero goal by 2040. BPCL plans to invest ₹1 lakh crore in projects such as green hydrogen, carbon capture, and improving energy efficiency. Additionally, it plans to set up 50 megawatts of captive wind power plants and own 1 gigawatt of renewable energy capacity by 2025.

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Relief for Vodafone Idea as ATC agrees to give it more time to pay dues

CFO News

Vodafone Idea (Vi) has extended the redemption period of 8,000 optionally convertible debentures (OCDs) – out of the 16,000 OCDs issued to American Tower Corp’s India unit (ATC Telecom Infrastructure Pvt Ltd) – to 18 months from the allotment date, instead of the earlier six-month deadline.

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Ex-COO Dhruv Dhanraj Bahl latest to exit BharatPe

CFO News

Bahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joined the company in 2020 as the head of operations Before joining BharatPe, he worked across organizations such as Airtel Payments Bank, Paytm Bank and Fortis Healthcare.

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Incremental CRR: As liquidity tightens, banks push CDs

CFO News

The acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28.

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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.