Tue.May 21, 2024

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Ballooning AI budgets expected to face ROI pressure

CFO Dive

As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.

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Webinar- Learn About Powerful New Features In Subscription Billing from SAP Development

Bramasol

Join Bramasol’s John Froelich along with David Eastlund, Christian Ilmberger, and Boris Aljancic from SAP’s Development team to learn more about how powerful new features such as multi-currency and early billing that extend the power of SAP’s premier cloud Order to Cash solution, Subscription Billing. Along with a deep dive into how these new features work, the panel will address best practices for implementing them smoothly into your overall end-to-end, quote-to-cash to compliance landscape.

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Trending Sources

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Getting employees ahead of the AI learning curve: Tipalti CFO

CFO Dive

Leaders need to ensure they’re offering opportunities for employees to experiment with AI before the technology is ready for “prime time,” CFO Sarah Spoja said.

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Raízen, the global powerhouse in sugar and biofuels production, selects ION’s TriplePoint for its strategic digital evolution

Reval

London – 22 May 2024: ION Commodities, a global leader in energy and. The post Raízen, the global powerhouse in sugar and biofuels production, selects ION’s TriplePoint for its strategic digital evolution appeared first on ION.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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Shadow IT surge threatens corporate data: report

CFO Dive

OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.

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More Trending

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More small companies willing to distort books to hide corruption: ACCA

CFO Dive

The U.S. has made little progress combating corruption since 2021, according to Transparency International.

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GDP likely expanded 6.8% in Q4; FY24 print may hit 7.8%

CFO News

The strong March quarter print could lift overall gross domestic product (GDP) growth for the full fiscal year to 7.8% against 7.6% assessed in the government's first advance estimates released in February. The International Monetary Fund (IMF) has also forecast 7.8% growth for FY24. The government will release fourth-quarter growth numbers and provisional GDP data for FY24 on May 31.

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Maxio vs NetSuite: Who’s Best for Subscription Billing?

Driven Insights

Your SaaS business is gaining traction and you’re outgrowing the basic accounting software that’s gotten you this far. With recurring and non-recurring revenue streams, varying contract terms, and higher volume, revenue recognition has become a real challenge.

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Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million

CFO News

US-registered Razorpay is quickening plans to shift its domicile to India. For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company.

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Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

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CFOs must get ahead of AI enterprise benefits, Gartner says

Future CFO

Chief financial officers must be on top of the game in dealing with today's technological advancements, which include artificial intelligence , of course. Gartner says investments in AI are at all-time high with the market set to double to US$300 billion by 2027, but CFOs adopting the technology are unlikely to realise the anticipated enterprise benefits unless they mitigate four common stalls that hinder AI adoption.

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Welspun World appoints G R Arun Kumar as Group Chief Financial Officer

CFO News

G R Arun Kumar brings nearly three decades of experience from global and Indian multinationals such as Ola, Vedanta, General Electric (GE), and Hindustan Unilever. He has demonstrated expertise in finance and strategy, managing business growth and turnaround, overseeing large-scale debt and equity capital market transactions, governance, reporting, compliance, operations & organisation building.

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The Mentoring Round | Julien Lafouge, CFO, Spendesk

CFO Thought Leader

1001: Building Teams and Breaking Boundaries | Julien Lafouge, CFO, Spendesk The post The Mentoring Round | Julien Lafouge, CFO, Spendesk appeared first on CFO THOUGHT LEADER.

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Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey

CFO News

Cash Flow Struggles: On access to finance, the survey revealed that 42% of respondents said it was easy to seek funds in 2023, a sharp decline from 69% in 2022.

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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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Git Integration and 4 Other Cool Microsoft Fabric April 2024 Updates

Collectiv

We are fresh off the Fabric Community Conference (FabCon) , so we’re pretty fired up about all the exciting updates with Microsoft Fabric. During our conversations with other industry experts, we noticed plenty of excitement for how Fabric is transforming the data industry…but also plenty of confusion. With so many updates coming out every month, it can be hard to keep track and even harder to know how these new capabilities fit into your workflow.

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Captain Fresh appoints Mathew George as Group Chief Financial Officer

CFO News

Corporate finance veteran Matthew George, with close to 30 years of global experience, takes the helm as Group CFO.

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#FA Success Ep 386: Turning Impostor Syndrome Anxiety Into A Strength That Drives Client Referrals, With Dann Ryan

Nerd's Eye View

Welcome everyone! Welcome to the 386th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Dann Ryan. Dann is a Managing Partner of Sincerus Advisory, an RIA based in New York City, that oversees approximately $165 million in assets under management for nearly 150 client households. What's unique about Dann, though, is how he has channeled the anxiety of having imposter syndrome, which still causes him to be nervous before every client meeting (despite having 17 yea

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India Inc raises record debt capital in FY24

CFO News

India Inc raised more debt capital in FY24 compared to the previous fiscal, with increased interest from both local and overseas investors in Indian companies. According to the Reserve Bank of India's state of the economy report, bond issuances during 2023-24 grew by about 15% to Rs 8.6 lakh crore. Additionally, corporations received higher funds through external commercial borrowings in FY24, with registrations, disbursements, and net inflows substantially higher than FY23 levels.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Transcript: Savita Subramanian

Barry Ritholtz

The transcript from this week’s, MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio Barry Ritholtz : On this week’s podcast.

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Zee shelled out Rs 432 crore on failed merger with Sony unit

CFO News

Zee Entertainment faced significant merger-related costs due to a failed deal with Culver Max Entertainment. The company also dealt with impairment charges, headcount reduction, arbitration cases, and demands for termination fees and compensation for damages.

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Private capex in India to pick up in H2 of FY25; hotel, tourism to drive investment: Kotak Bank Chief Economist

CFO News

Private sector investment is set to increase in the latter half of the fiscal year, particularly in sectors like hotels and tourism, following extensive government-led infrastructure development efforts. The government's enhanced capital expenditure has supported economic growth post-Covid, with private sector capex expected to rise significantly in the coming months.

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JSW Cement to invest Rs 3,000 cr to set up manufacturing facility in Nagaur, Rajasthan

CFO News

JSW Cement plans to invest around Rs 3,000 crore to establish a cement manufacturing facility in the Nagaur district of Rajasthan. The greenfield facility will include a clinkerization unit and a grinding unit, with an 18 MW waste heat recovery-based power generation system. The investment is expected to create over 1,000 job opportunities and includes a 7-km overland belt conveyor for transporting limestone from mines to the plant.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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FSIB defers interview for SBI chairman's position

CFO News

FSIB defers SBI Chairman selection interview for unknown reasons. New date post new government formation after June 4 to replace Dinesh Khara, retiring on August 28. FSIB recommends candidate, final decision by Appointments Committee of the Cabinet led by PM Narendra Modi. Selection panel includes former DoPT secretary Bhanu Pratap Sharma, Animesh Chauhan, Deepak Singhal, and Shailendra Bhandari.

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India's global travel & tourism index rank up at 39th: WEF index

CFO News

India's rank on the WEF's travel & tourism development index 2024 has improved to 39th place, with global tourism activities returning to pre-pandemic levels. India is ranked highest in South Asia and among the lower-middle-income economies, even though the US topped the list. Spain, Japan, France, and Australia are ranked among the top five countries in the 2024 list.

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IREDA may float FPO this FY

CFO News

Separately, in March, the lender's board had approved a proposal of Rs 24,200-crore borrowing for 2024-25. The amount will be raised through taxable bonds, green taxable bonds, perpetual debt instruments, green masala bonds, green foreign currency bonds and external commercial borrowings, among others.

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Sebi amends rule to facilitate ease of doing biz for cos planning IPOs

CFO News

Rules mandate at least 20% of promoters’ shares to be locked in for a certain period of time post-listing after an IPO. This relaxation will help new-age technology companies as founders’ shareholding comes down usually after an IPO. Non-promoter shareholders excluding individuals holding more than 5% of the post-offer equity share capital can contribute towards the shortfall, Sebi said.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.