Thu.Dec 14, 2023

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Small businesses limp toward 2024 with gloomier outlook, surveys show

CFO Dive

Confidence among CEOs and economists in the prospects for the economy is not shared by small businesses.

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A Concise Guide to Lean Manufacturing Inventory Management

Navigator SAP

Lean inventory makes erp for the manufacturing industry more efficient. And that reduces costs. The core idea of lean inventory management is a simple one that is broadly and well known by businesses today: continually focus on eliminating waste and inefficiency for better operations and profits. The concept of lean processes was first popularized by Taichii Onho and Shigeo Shingo at Toyota, who developed the Toyota Production System that itself drew inspiration from interchangeable parts pionee

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Trending Sources

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3 tips for SEC cyber rule stragglers

CFO Dive

With breach reporting enforcement set to begin in just days, stragglers should be treating readiness as a “super-high priority,” says Deloitte’s Daniel Soo.

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Hero MotoCorp appoints DLF's exec Vivek Anand as new CFO

CFO News

Hero MotoCorp appoints Vivek Anand as CFO, effective March 1, 2024, succeeding Niranjan Gupta, promoted to CEO, with extensive industry experience from DLF across FMCG, Telecom, and Real Estate.

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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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4 accounting takeaways from this week’s FASB congressional hearing

CFO Dive

Lawmakers pressed FASB and PCAOB leaders to explain how they’re approaching regulations in the wake of the recent bank and crypto crises.

More Trending

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New cybersecurity CPA focus shines spotlight on risk for CFOs: Sysdig

CFO Dive

Cybersecurity is landing on the CPA exam at a time when CFOs are facing both an accounting talent shortage and new digital threats.

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ATM: Mutual Funds vs. ETFs

Barry Ritholtz

At the Money: Mutual Funds vs. ETFs with Dave Nadig, Financial Futurist for Vetta Fi (December 13, 2023) What’s the best instrument for your investments? Mutual funds or ETFs? On today’s edition of At the Money, Barry Ritholtz speaks to Dave Nadig about the pros and cons of these two investment vehicles. Listen to find out which is right for you.

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Federal Reserve launches a ‘sea change’ of uncertainty

Tips Watch

By David Enna, Tipswatch.com We’ve entered a new era. That’s what Bloomberg’s ever-thoughtful Tom Keene repeated over and over in Wednesday’s coverage of the Federal Reserve’s interest rate forecasts. “This is a sea change,” he said.

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How AI integration can be a strategic asset to CFOs

Future CFO

The integration of artificial intelligence in an organisation's finance function and accounting services has been proven to be a necessary evolution in the way chief financial officers manage and strategise for growth and efficiency. AI solutions serve as the backbone of this evolution, providing CFOs with the tools to deliver more effective Client Advisory Services (CAS).

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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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Women entrepreneurs need credit boost

CFO News

The other way to read these data points is that many women entrepreneurs would need loans to run their businesses as they grow. But this is the first step. While the number of women entrepreneurs is rising, which is a significant development, the important question is whether they will get credit seamlessly.

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Firms in Singapore lack plans for reducing carbon emissions

Future CFO

Firms in Singapore need to produce plans for reducing their carbon emissions, according to a r eport from ACCA, IFAC and PwC. The report—based on a survey of 1,000 senior finance professionals around the world—reveals that 19% of respondents in Singapore have yet to produce plans for reducing their carbon emissions. In addition, 45% of those respondents without an emissions plan say they currently have no intention of developing one, survey results indicated.

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India Inc's capex cycle may move into top gear

CFO News

The capex tracker index of institutional research firm Avendus Spark shows a reading of 342 in June 2023 - the highest in more than 12 years. The index has been consistently rising since December 2020 - when it hit a low of 147. The index assigns weights to private capex announcement (35%), aggregate new order (15%), import of capital goods (10%), and central government capex and state capex (20% each).

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The importance of people potential on organisations' sustainability initiatives

Future CFO

Augmenting people potential to democratise action on sustainability has become one of the more important things to consider as an organisation's finance leader. Among the many technological advancements at present, generative artificial intelligence shifts access to data and insights, giving everyone, individually and collectively, new potential to act on sustainability , according to Ernst & Young.

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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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No US Fed effect, domestic factors to guide RBI policy

CFO News

The latest US Federal Reserve's statement, signalling three rate cuts next year, is unlikely to change interest rate trajectory in India with the monetary policy committee focussing on domestic factors but could nudge the central bank to revise its stance, say economists.

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The Mentoring Round | Mark Seidel, CFO, True Anomaly

CFO Thought Leader

Inside The Mentoring Round, CFO Mark Seidel explains why he believes his controller and he need to have similar ways of thinking and be aligned on the type of information needed to provide effective insights across the business. He recognizes the controller’s role in ensuring timely and accurate data, considering it a key aspect of the organization.

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Hero MotoCorp increases stake in Ather, buys additional shares worth Rs 140 crore

CFO News

In September, the electric scooter maker had raised Rs 900 crore in fresh funding from Hero MotoCorp and GIC. Prior to that, Hero had partially led a $128-million fundraise into Ather in January 2022.

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FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 11/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – Europe 11/2023”. The Monitor is a monthly published overview of venture capital trends in the European. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 11/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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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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Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE

CFO News

The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal.

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How a holistic AI approach to sustainability can create value

Future CFO

Artificial intelligence can help financial leaders create the timely insights needed to unlock exponential natural, social and economic value, according to a research by Ernst & Young. For business leaders facing the increasing pace, scale and complexity of change, the challenge becomes one of data and decision-making: How can teams arrive at insight more quickly (context, content and access) to support faster and more responsible decisions?

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Adani Group cash reserves rise 13.7 pc to Rs 45,895 cr

CFO News

Gross debt was almost unchanged at Rs 2.26 lakh crore, but after considering cash reserves, the net debt at Rs 1.80 lakh crore was 3.6 per cent less than Rs 1.87 lakh crore in April-September 2022. The group's flagship incubator Adani Enterprises Ltd and ports unit Adani Ports and Special Economic Zone were top EBITDA earners.

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St. James’s Place selects ION Analytics RMS for its fund due diligence

Reval

Cutting-edge Backstop RMS solution streamlines fund due diligence for enhanced growth and performance. The post St. James’s Place selects ION Analytics RMS for its fund due diligence appeared first on ION.

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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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Positive hiring trends across all sectors except for IT; attrition also high: Ramani Dathi, Teamlease

CFO News

“Top sectors hiring right now are healthcare, pharma, electric vehicles, infrastructure, power, energy, FMCD, educational services. BFSI has been our top driver for the last few quarters and it will continue to do so. This quarter there is a little sluggishness on BFSI because of RBI caution on unsecured loans and riskier credits. FMCG is also little low.

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How a Data-Driven Approach Can Help You Make the Most of the 2024 Recession

Focus CFO

ITR Economics is forecasting a mild recession for 2024. While many businesses may have started to feel the pressure from the economy slowing down , that does not necessarily mean they are currently in a recession phase. With the wrong information, executives could make wrong business decisions today that could hurt their company more once they officially enter a recession.

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Branded stationary going to do really well; DOMS can comfortably achieve 15.5-16% margins

CFO News

“We have been able to grow a little from 15.4% to 16.7% in H1. But this is coming more from the operational efficiencies point of view. And also a very little from probably I can say, there is an advantage currently where the raw material prices are at most low. This is the advantage we have been able to get in H1.

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2023 Fundraiser | ALS Association

Focus CFO

This year, a beloved friend and long-time FocusCFO associate was diagnosed with ALS, also known as Lou Gehrig's Disease. We dedicated this year's annual fundraiser during our October 2023 All Hands meeting to support the ALS Association and, specifically, ALS research. FocusCFO associates contributed a total of $84,450 to the ALS Association. We are grateful for the compassion and benevolence of our team.

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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.