Sun.Jun 11, 2023

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The Day the Treasury Topped

The Reformed Broker

The parabolic spike in 2-year Treasury bond rates this winter ended with a crescendo on Thursday, March 9th and Friday March 10th. That week, the collapse of Silicon Valley Bank had thoroughly spooked the markets and convinced traders that the Federal Reserve would be forced to start downshifting its hiking cycle and the accompanying hawkish rhetoric.

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CBIC weighs I-T-like prefilled consolidated GST return forms

CFO News

The consolidated pre-filled form, being readied by Central Board of Indirect Taxes and Customs (CBIC), will also come with an e-verification feature to settle any discrepancies in data ahead of the filing of return, reducing the scope of any error.

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What’s ahead in this busy news week?

Tips Watch

Upcoming: Auctions to watch, decisions from the Federal Reserve, and an important inflation report. By David Enna, Tipswatch.com I have to admit that things have seemed pretty sleepy in the peaceful aftermath of the doomsday debt-ceiling crisis.

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FY24 to be golden year for Punjab National Bank: MD

CFO News

"FY 2023-24 will be a golden year for your bank, and with the right strategy, steady focus and clear vision, your bank will definitely scale up its performance and generate more value and returns to all its stakeholders," Atul Kumar Goel said.

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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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Where To Find The Cash You Need

The CFO Centre

A lack of cash can not only stall your company’s growth but also place its very existence under threat. It doesn’t matter how profitable the business may be; cash flow problems can place it under severe pressure, according to The CFO Centre’s Chairman Colin Mills in his book ‘Scaling Up How to Take Your Business […] The post Where To Find The Cash You Need appeared first on The CFO Centre US.

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Welcome Samuel Young

Focus CFO

Samuel Young has joined the FocusCFO team in Detroit Metro. Samuel has more than 20 years of financial and business development experience building sustainable business value, accelerating growth, and managing risk. His track record includes closing financial deals with private investors and senior lenders, and managing investor and bank relations.

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Human leadership pillars that CFOs need in AI era

Future CFO

There are three human leadership pillars that CFOs need in the era of finance AI, said Gartner recently. These three human leadership pillars are adaptivity, empathy and authenticity, according to the advisory firm. “As AI becomes ever more capable and can carry out more work in the finance function, inevitably the question arises about whether AI replaces human employees,” said Dennis Gannon, vice president analyst in the Gartner Finance practice.

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Lenders take full control of Go First resolution process, replace key bankruptcy officials

CFO News

The committee of creditors replaced the company-appointed interim resolution professional, process advisor and legal agency to show their intent of controlling the country's biggest voluntary bankruptcy-protection case since the Insolvency and Bankruptcy Code came into force. The CoC will file for more changes before the NCLT by Tuesday, including replacing Alvarez & Marsal as the process advisor with EY, along with the legal team.

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Automated forecasting in Excel: AFP DIY automation series

Future CFO

What is the easiest way to have Excel create an automated forecast leveraging your time-series data? Dr. Kevin Kelly takes a quick trip to the “Forecast Sheet” in Excel’s data tab to show how to instantly create a forecast, including seasonality and adjusting for confidence intervals. Watch more from the series here. The post Automated forecasting in Excel: AFP DIY automation series appeared first on FutureCFO.

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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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Liquidity absorption toolkit comes to fore as RBI stresses on 'withdrawal'

CFO News

While the RBI has preferred Variable Rate Reverse Repo (VRRR) auctions to mop up excess liquidity, its toolkit includes options such as sales of government bonds, an increase in the Cash Reserve Ratio (CRR), the use of the Market Stabilisation Scheme (MSS) and foreign exchange swaps.

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PodChats for FutureCFO: Charting your path to finance automation

Future CFO

In an autonomous finance function , processes and activities are partly governed and majority operated by self-learning software agents that optimise front-, middle- and back-office operations. According to Shannon Cole , senior director analyst, research in the Gartner Finance practice, opines that many CFOs are ill-equipped to identify and address the rapidly evolving digital skills needed in finance.

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Mahindra has a strong growth trajectory: Anish Shah, MD

CFO News

"We had talked about getting to 18% RoE across the group and at that point we had said we'll do it in three to five years. But we got there in 18 months. We've also talked about 15%-20% EPS growth from FY21 and we are 3x the profits of FY21 right now.

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Ken Dorward joins vcfo Austin Team as Managing Director

VCFO

vcfo Austin team welcomes Ken Dorward as Managing Director. Ken Dorward joins vcfo to lend 25 years of experience building teams and profitability for startups and publicly-traded multinationals alike. Data-driven and action-oriented, he favors bold business strategies. He excels in building the sophisticated systems and processes to bring clarity to an enterprise’s finances and operations.

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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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Hyderbad NCLT rejects Viceroy Hotels plan, directs RP to restart sale process

CFO News

In an order dated June 9. the division bench of the National Company Law Tribunal (NCLT) directed the resolution professional Viceroy Hotels to restart the sale process and complete is within 60 days of the order.

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Speed Up Your FP&A Tasks with One Sage Intacct Integration

Lime Light

Many organizations fall in love with Sage Intacct and all the ways it can benefit their business. But these same organizations often don’t realize the real potential of their Sage Intacct ERP - specifically its capabilities for financial planning and analysis (FP&A) when paired with the right Sage Intacct integration.

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How IBBI plans to capture preference of lenders if there is no majority decision

CFO News

If no plan secures the required 66 per cent votes, the proposal with the fewest first preference votes will be eliminated. Its first preference votes will then be transferred to the second highest-voted plan, according to an IBBI discussion paper.

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Aircraft lessor Wilmington moves NCLT to begin insolvency proceedings against SpiceJet

CFO News

In May, Wilmington Trust SP Services, along with the airline's two other lessors Sabarmati Aviation Leasing and Falgu Aviation Leasing had approached aviation regulator DGCA for deregistration of three planes of the airline.

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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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Fractional ownership platforms for property pitch suggestions to Sebi

CFO News

Industry experts said that efforts be made to keep an optimal level of leverage so that the product becomes commercially viable. Yours and Equity Address, which offer fractional ownership of holiday homes, and Strata, which offers fractional ownership of office space and warehouses, are among property consultants that have submitted their suggestions to Sebi.

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Moody's flags high government debt and fiscal slippage risks for Indian economy

CFO News

Moody's on Sunday said the Indian economy is expected to clock a 6-6.3% growth in June quarter, and flagged risks of fiscal slippage arising from weaker-than-expected government revenues in the current fiscal. India has a relatively high level of general government debt at around 81.

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L&T Finance group CFO focuses on retail, aims 25pc CAGR in 3-4yrs

CFO News

The group is currently undergoing a restructuring process where it will amalgamate its finance subsidiaries, L&T Finance, L&T Infra Credit Limited, and L&T Mutual Fund Trustee Limited with the listed L&T Finance Holding Ltd to simplify the corporate structure and enable greater focus on retail financing.

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India has right vision for aviation industry; need to be cautious about high taxes: IATA

CFO News

In an interview on the sidelines of the IATA World Air Transport Summit in Istanbul this week, Marie Owens Thomsen, the Chief Economist at the IATA, said the two fundamental drivers for air transportation are GDP and population growth, and on both fronts, India is doing well.

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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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How India's bank credit growth shaped up in the last fiscal

CFO News

The services industry led With YoY growth rates ranging from 19.8% in February 2023 to 21.6% in April 2023, signalling robust domestic consumption, increasing urbanization, and the growing importance of the services economy in India.

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RBI opposed to crypto but is all set to float CBDC; FinMin weighs options

CFO News

"Crypto is a form of gambling without any underlying value and is nothing but a 100 per cent speculation world," RBI Governor. If crypto is allowed in India, the RBI may likely fail in monitoring the transactions, he added.

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RBI asks rating agencies details of cos hiding info used for credit assessment

CFO News

Rating agencies either rely on publicly available data or withdraw the rating of such borrowers who refuse to disclose financials and other information.

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Finmin to pitch for rating upgrade to Moody's

CFO News

Moody S: Moody's has retained its sovereign rating for India at the lowest investment grade of "Baa3" with a "stable" outlook.

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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.