Wed.May 21, 2025

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Stop Counting the Rands, Start Creating Them!

CFO Talks

Stop Counting the Rands, Start Creating Them! South African CFOs are under no illusion: the job is getting tougher. Costs are rising, talent is tight, and every boardroom conversation ends with the same question – how do we do more with less? But theres opportunity in that pressure. The right moves now can reposition the finance function from cost centre to strategic growth driver.

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Tesla CFO racks up third $1M May stock sale

CFO Dive

Among other moves to shore up investor trust, Tesla appointed former Chipotle CFO Jack Hartung to its board of directors, effective June 1.

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Trending Sources

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“Sorry, Steve: Here’s Why Apple Stores Won’t Work”

Barry Ritholtz

Few outsiders think new stores, no matter how well-conceived, will get Apple back on the hot-growth path… Maybe its time Steve Jobs stopped thinking quite so differently. BusinessWeek , May 21, 2001 24 years to the day — May 21, 2001 — a Businessweek1 commentary explained why the newfangled Apple Stores were destined to fail. This pronouncement motivated subsequent blog posts (notably in 2005 and 2021 ) and a full chapter in “ How Not to Invest.” In the spirit of t

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Nvidia, American Express join the FinOps Foundation

CFO Dive

The nonprofit trade group also welcomed AMD, Snowflake and ServiceNow to its ranks Wednesday amid a tech sector push to curb cloud spend.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Webinar: AI in Finance: Justification and Use for Treasury Management | June 25

Strategic Treasurer

AI in Finance: Justification and Use for Treasury Management June 25 | 11:00 AM EDT Register Now Date Wednesday, June 25, 2025 Time 11:00 AM – 12:00 PM EDT Where This is an online event Speakers James Thomas, Itemize Steve Markle, Itemize Crystal Stephens, Comerica Craig Jeffery, Strategic Treasurer Sponsored By Hosted By Approved for up to 1.2 CTP/CCM and FPAC recertification credits by the Association for Financial Professionals.

More Trending

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1099: Turning Back‑of‑House Data into Front‑of‑House Wins | Emma Whelan, CFO, MarginEdge

CFO Thought Leader

When a restaurants weekly salmon order suddenly spikes in price, EmmaWhelan wants chefs adjusting menus the next morningnot tallying losses a month later. The system will alert them if the price of salmon (has) gone up unexpectedly, she tells us, describing MarginEdges realtime cost engine. It is a small but telling vignette from Whelans first months as CFO, and it captures the companys wider ambition: MarginEdge wants to create a world where restaurant operators can focus on great food and grea

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Ghana: New Rules Shake Gold Trade

Global Finance

For this reason, Africas largest gold producerand the sixth largest in the worldis ushering in a new order for gold trading. As of April 30, no foreign company may purchase and export ASM gold. The move follows the annulment of all licenses held by foreign trading firms. The Ghana Gold Board (GoldBod), a state entity created in March, will now oversee all buying, selling, and export of ASM gold.

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Global tech giant Foxconn lines up another $1.5 billion investment for India

CFO News

Taiwanese tech giant Foxconn is investing another $1.5 billion to expand its operations in India, as the key supplier for Apple's iPhones is looking to set up supply chains outside China.

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CFOs Take the Lead: Highlights from the 2025 CFO Round Table – CFO Investment

CFO Talks

CFOs Take the Lead: Highlights from the 2025 CFO Round Table CFO Investment On Thursday, 15 May 2025, over 30 of South Africas most forward-thinking CFOs gathered in Cape Town for a powerful event that is already being recognised as a turning point in the way finance leaders engage with investment, infrastructure, and economic development. Hosted by the CFO Club | CIBA and powered by Sage, the 2025 CFO Round Table: CFO Investment wasnt a traditional conference.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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ION integrates and certifies FastTrade with Equiduct

Reval

MILAN – 21 May 2025: ION, a global leader in trading and workflow. The post ION integrates and certifies FastTrade with Equiduct appeared first on ION.

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India's auto parts sector to clock 9 pc growth in 2025-26: Report

CFO News

India's automotive component sector is expected to clock 7-9 per cent revenue growth during the financial year 2025-26, driven by sustained demand momentum from the two-wheeler (2W) and passenger vehicle (PV) segments, which account for nearly half of the overall revenue, according to a Crisil report released on Wednesday.

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AI is helping to curb Microsoft’s finance headcount growth, exec says

CFO Dive

The tech giant’s finance team has “no appetite right now to continue to grow our headcount at the same pace” as in previous years, Microsoft’s Cory Hrncirik said.

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IndusInd Bank probing key management persons for "wrongful accounting practices"

CFO News

IndusInd Bank is investigating former key management personnel for potential accounting fraud, leading to a significant net loss of 2,328 crore in Q4 and a 71% drop in FY25 net profit. The probe revealed concealed wrongful practices and misleading information to the board and auditors. The bank aims for a 'clean slate' in FY26 after addressing these issues.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Unions favored over big business more than any time in 60 years: EPI

CFO Dive

While public support for unions has grown in recent years, they have not made significant inroads in worker representation.

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Why Businesses Need to know Reverse GST for Cost Optimization

CFO News

New Delhi [India], Select suppliers who provide taxable goods or services are subject to reverse GST (Goods and Services Tax). The recipient of services or goods, not the supplier, is responsible for paying GST under the reverse charge mechanism. This transfers tax payment obligations from the seller to the buyer, especially in certain situations specified by the government.

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Powering The Global Energy Transition

Global Finance

As countries race to build out cleaner, more resilient power systems, investment is surgingand with it, a shift in how projects are funded. According to the International Energy Agencys (IEA) latest World Energy Investment report, energy investment exceeded $3 trillion for the first time last year, with project finance emerging as a significant funding model.

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SC rejects finance ministry’s plea against input tax credits for commercial rentals

CFO News

The Supreme Court has dismissed the finance ministry's plea to review its October judgement, which allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Analyzing The Individual Tax Provisions Of The House Republicans’ 2025 Proposed Tax Bill

Nerd's Eye View

On May 12, Republicans on the House Ways and Means Committee released their long-awaited tax legislation proposal. The proposed bill lays out the specifics of Republicans' plans for extending (and adding to) the Tax Cuts and Jobs Act (TCJA), which is scheduled to expire on December 31, 2025. At a high level, the bill would permanently extend most of the core provisions of TCJA, as well as add a host of new provisions – some modifying existing TCJA tax rules and others creating new ones alt

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Morgan Stanley upgrades India's growth at 6.2 pc for FY26 and 6.5 pc for FY27

CFO News

Global financial services major Morgan Stanley on Wednesday upgraded its GDP growth forecast for India at 6.2 per cent in FY26 and 6.5 per cent for FY27, saying that domestic demand trends will be the key driver of the country's growth momentum amid lingering uncertainty on the external front.

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AI on the Frontlines: Live Insights from Planful Perform 25

CFO Thought Leader

On Location at Planful Perform25 in Miami, CFO Thought Leader captures candid frontline views on AIs sweeping impact. CEO GrantHalloran details how intelligent automation meets a crippling financetalent shortage, promising faster decision cycles without headcount spikes. CFO DanFletcher spotlights daily reforecasting, agentdriven data interrogation, and strict ROI tests before approving new hires.

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Dixon aims to boost exports, margin post closure of PLI scheme, says MD Atul Lall

CFO News

Dixon Technologies anticipates that increased exports and backward integration will compensate for any potential decline in margins and volumes following the conclusion of the PLI scheme in FY26. The company expects smartphone production to rise to 60-65 million units by FY27, with a significant portion destined for North American exports.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Net formal jobs under EPFO up 1.1% at 1.45 million in March: Payroll data

CFO News

The Employees Provident Fund Organisation witnessed a 1.15% increase in net formal job creation in March 2025, reaching 1.45 million. New subscriber enrollment grew by 2.03% compared to February 2025, with the 18-25 age group constituting a significant portion of new members. Rejoining members also saw an 11.8% increase, indicating a trend of continued social security protection.

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RR Kabel to invest Rs 1,200 crore in cable capacity; eyes 2.5x margin growth by FY28: CFO Rajesh Jain

CFO News

RR Kabel is focusing on innovation and premiumisation to drive growth amid rising capex and advertising expenses. CFO Rajesh Jain addresses concerns about margin pressure, explaining the companys strategies to sustain profitability while investing aggressively for the future.

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Indian lenders seek overnight liquidity ops, easier reserve norms from central bank, sources say

CFO News

US-INDIA-CENBANK-Indian lenders seek overnight liquidity ops, easier reserve norms from central bank, sources say

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IREDA moves debt recovery tribunal against Gensol entities for over ₹729 crore default

CFO News

Indian Renewable Energy Dev Agency Ltd (IREDA) said on Wednesday that it has approached the Debt Recovery Tribunal (DRT), Delhi, seeking recovery of default amounting to over 729 crore from Gensol Engineering Limited and Gensol EV Lease Pvt Ltd.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.