Fri.Jun 30, 2023

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Enovix taps semiconductor exec for CFO

CFO Dive

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

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How SAP is Future-Proofing Business ByDesign

Navigator SAP

SAP recently made a significant change in how it develops, organizes, and releases new features. This change is good news for businesses that use SAP Business ByDesign because the change future-proofs the ByDesign solution and ultimately will enable businesses to take advantage of new SAP functionality more quickly. It also paves the way for more complete automation and artificial intelligence within the platform.

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Trending Sources

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Disney: the ‘Game of Thrones’ C-suite

CFO Dive

Christine McCarthy left the CFO seat for a family medical leave of absence, but there may be more to the story, according to a Stanton Chase exec.

CFO 259
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Nobody Knows Anything, 2023 First Half Edition

Barry Ritholtz

A quick note as the first half of 2023 draws to a close, shocking the locals with its intensity. Why? Because almost nobody saw this rally coming. 1 As of this moment, the indices stand appreciably higher than where they were on January 1, 2023: The NASDAQ 100 is up >38%, the S&P 500 is up ~15.5%, and the Russell 2000 small cap index is up almost 7%.

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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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Sustainability can boost bottom line: Brand Finance

CFO Dive

Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.

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More Trending

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CFOs stuck between short-term costs, long-term goals: EY

CFO Dive

The balancing act between short-term and long-term performance is one of three major paradoxes finance leaders face in today’s environment, EY said.

Finance 239
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From overwhelmed to productive: 5 Ways to reclaim your time

CFO Talks

By Jeff Ryan , MD for AWCape, a Platinum Sage business partner for HR, payroll and financial solutions Have you said this phrase: “I wish I had more hours in the day” today? Let’s face it: the world of work is fast and it doesn’t stop. And finding extra hours in the day can feel like an impossible task. However, by implementing strategic approaches and making smart choices, you can reclaim precious time and increase productivity.

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Institutional shareholders increasingly voting against company resolutions: Report

CFO News

The report by primeinfobase.com highlighted that despite the dissent of institutional shareholders, nearly 97 per cent or 1,744 resolutions out of 1,833 still sailed through on account of high promoter holding in the companies.

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Weekend Reading For Financial Planners (July 1-2)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization and are otherwise fully dedicated to fee-only principles with their clients going forward.

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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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Jio dials clutch of foreign banks for up to $1.5 billion loan

CFO News

The likes of HSBC, JP Morgan Chase and Citi among others are set to arrange an around 3-5 year loan for Jio, which is likely to be priced above the Secured Overnight Financing Rate (SOFR), a new global rate gauge, two people aware of the matter said. The pricing of the loans, they added, could be around 100-150 basis points above the SOFR.

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Mid-Year Update on Key Trends to Watch

Bramasol

As we reach the halfway point in 2023, it is a good opportunity to take another look at over-arching trends, both to update those we have already identified and to add some new ones, such as the unprecedented explosion in generative AI applications. Below are four important topics to watch as we move into the rest of the year. Global Economy May Have Seen the Worst of Inflation According to the Organization for Economic Co-operation and Development (OECD) , "Global GDP growth in 2023 is projecte

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The Quantum Realm

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Ian Cassel, and Downtown Josh Brown discuss microcap stocks, the state of the economy, how to analyze a company’s management team, how investing is like golf, Silicon Valley on drugs, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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24: Staying Small While Growing Big – A Planning Aces Episode

CFO Thought Leader

This episode our cohosts Brett Knowles and Jack Sweeney explore the insights and commentary from three finance leaders: CFO Michael Bannon of Typeform, CFO Chuck Fisher of Turo, and CFO Jeff Noto of Zayo. The episode discusses the importance of identifying unique and key metrics for businesses, moving beyond common knowledge. Meanwhile, the cohosts discuss some of the fast moving developments when it comes A.I technologies and the planning process.

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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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Vedanta kicks off steel business review for likely stake sale

CFO News

"The review will begin immediately and will evaluate a broad range of options to maximise stakeholder value, including but not limited to a potential strategic sale of some or all of the above mentioned steel businesses," the company told exchanges in a filing on Friday.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week, 4-day weekend morning reads: • Why It Seems Everything We Knew About the Global Economy Is No Longer True : While the world’s eyes were on the pandemic, the war in Ukraine and China, the paths to prosperity and shared interests have grown murkier. ( New York Times ) • The ad industry is going all-in on AI : At Cannes Lions, the year’s biggest ad event, you couldn’t escape talk of ChatGPT or Midjourney, even at the yacht parties. ( Vox ) • How America’s New Favorite Beer Hammered

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HDFC Bank completes merger with HDFC after final board approval

CFO News

​​Possibly the biggest transaction in India's corporate history, HDFC Bank on April 4, 2022 agreed to take over the domestic mortgage lender in a deal valued at about $40 billion, creating a financial services titan.

Banking 52
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CBDT issues clarification on PAN-Aadhaar linking

CFO News

The income tax department has issued a clarification on PAN-Aadhaar linking for those who have paid the penalty but have not linked the same on or before June 30, 2023. It is important to note that the last date to link PAN with Aadhaar is June 30, 2023. PAN will become inoperative if not linked.

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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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Deepak Parekh signs off: Looking back at an industry icon's extraordinary career

CFO News

“It is my time to hang my boots with both anticipation and hope for the future," Parekh wrote to HDFC shareholders for the last time as chairman. "While this will be my last communication to shareholders of HDFC, rest assured we now stride tall into a very exciting future of growth and prosperity.

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Byju's, lenders renew talks to restructure edtech company's debt load

CFO News

The lenders have delivered a detailed amendment proposal to the company that calls for a debt pay down, coupon boost and better investor protections on the loan. The company told some lenders it will review the proposal and deliver its reply by early next week, the people said.

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GQG acquires 3% in Adani Transmission for Rs 2,666 crore

CFO News

On Wednesday, GQG invested in Adani Enterprises and Adani Green Energy after promoter entities sold stakes in the two companies via bulk deals to raise ₹8,372 crore. The US-based fund increased its stake from 3.39% to 4.96% in Adani Enterprises, and from 3.5% to 6.32% in Adani Green, sources told ET.

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RBI launches next-generation data warehouse for banks

CFO News

The governor has launched the next-generation data warehouse with commercial banks to begin reporting on it followed by UCBs and NBFCs. Das was addressing the 17th statistics day conference at the RBI headquarters.

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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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DGCA to conduct special audit of Go First before revival plan

CFO News

DGCA will conduct a special audit of grounded airline Go First's facilities in Delhi and Mumbai from July 4 to 6 to approve the revival plan for resuming flights. The audit will focus on safety aspects, compliance requirements, and physical verification of arrangements for flight resumption. Go First, which halted operations on May 3, is undergoing voluntary insolvency resolution.

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Govt asks ecommerce companies to refrain from using dark patterns

CFO News

The ministry is also in the process of framing guidelines for discouraging the usage of dark patterns, said Rohit Kumar Singh, secretary, department of consumer affairs which comes under the ministry of consumer affairs.

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Statiq appoints Aditya Mishra as new CFO

CFO News

Mishra will lead the company's corporate finance and business growth objectives in a bid to drive vertical growth and help the company further expand its portfolio and footprints across India, the company said.

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India's April-May fiscal deficit at Rs 2.10 lakh crore, narrows on-year to 11.8% of FY24 aim

CFO News

While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman said India aims to narrow the fiscal gap to 5.9% of gross domestic product from 6.4% in the last financial year. Total receipts stood at 4.16 lakh crore rupees, while overall expenditure in April to May was at 6.26 lakh crore rupees. They were 15.3% and 13.9% of this fiscal year's budget target.

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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.