Fri.Aug 11, 2023

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CEOs plan for recession despite steady growth

CFO Dive

Top executives are preparing for a downturn, a CEO survey showed, despite 2.4% growth, slowing inflation and brighter consumer sentiments.

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Modern ERP Helps Food and Beverage Firms Stay Ahead

Navigator SAP

Not all backend systems are created equal. For food and beverage manufacturers, sustained profitability often comes down to supply chain and operational visibility combined with greater process efficiency. These dynamics are supported or hindered by the enterprise resource planning solution that a food and beverage manufacturer have in place.

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Trending Sources

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Getting ahead of the AI culture shift

CFO Dive

With so many companies focused on AI lately, a “cross-functional AI SWAT team” is key to helping senior leadership teams stay one step ahead.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Seth Klarman on What Makes a Value Investor and Committing ‘Sacrilege’ in New Edition of ‘Security Analysis.’ Klarman edited the classic to remind investors of basic principles — but he questions “how much of this will be read by institutional investors who may think they know it all.” ( Institutional Investor ) • Flying Cars Are Nearly Here—and They’re Electric : Companies like Joby and Archer are about to begin production of electric vertical takeoff a

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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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Toast CEO: Lessons learned from fee flub

CFO Dive

“We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.

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Webinar- Crucial Considerations in RevRec for Your S/4HANA Transformation

Bramasol

In this webinar we will talk with RevRec Experts from Bramasol and others on key considerations for managing the transition from SAP ECC to S/4HANA and implications for Revenue Recognition. We touch on key considerations from actual projects around migration from SD RevRec to RAR, customizations of SD that impact RevRec and insights on migration of ECC RAR to S/4 RAR.

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Weekend Reading For Financial Planners (August 12-13)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Massachusetts Secretary of the Commonwealth has launched an investigation into how investment firms are using artificial intelligence-enabled technologies, echoing concerns expressed by the SEC that these tools could be used to put the firms' interests ahead of their clients if the methods of the developers who create the tools and the 'training' the AI goes through is

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PLI scheme: Disbursement to touch Rs 13,000 crore this year, says DPIIT secretary

CFO News

The scheme aims to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in the manufacturing sector; and make Indian companies and manufacturers globally competitive.

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Financial Awareness Day: Unlock Equipment Financing Opportunity | CCG

Commercial Credit Group

Financial Awareness Day serves as a reminder of the importance of understanding and managing our finances effectively. For industries such as construction, manufacturing, transportation, and waste, that rely on expensive revenue-generating equipment, this day offers an opportunity to explore equipment financing options that can facilitate growth, improve operational efficiency, and drive success.

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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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FMCG companies make pack sizes bigger as inflation cools

CFO News

Fast-moving consumer goods (FMCG) firms that reduced pack sizes last year in an attempt to absorb rising costs are putting back grammage as input prices fall. The price of refined sunflower oil, palmolien and soya bean oil have all dropped around 20%-25% over the past 12 months, while packaging costs have similarly declined.

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Unlimited Alpha

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Bob Elliott, Ben Carlson, and Downtown Josh Brown discuss Bob’s time running money at Bridgewater, CPI, global macro, the labor market, why hedge funds are typically bearish, 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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Digital Personal Data Protection Bill gets President's assent

CFO News

The Digital Personal Data Protection Bill has been signed by President Droupadi Murmu, which provides for the regulation of digital personal data to safeguard individual's rights and allows lawful processing of personal data. The bill applies to online and offline personal data collected in India and processing outside of India if goods or services are offered to individuals in India.

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Data Security and Privacy Are Crucial in the Digital Solutions Economy

Bramasol

Previous posts in this blog series on the Digital Solutions Economy (DSE) have explored a wide range of issues and solutions as well as deeper dives into DSE implementation in specific industries. In this latest post, we take a look at data security, privacy protections, and overall cybersecurity issues, which impact all companies, especially those that are implementing new DSE programs.

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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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India may see 1 million EVs being sold in the next five years: Tata Motors Executive

CFO News

"Five years back, electric vehicles used to sell just 90 units a month. Today these sell 8,500 to 9,500 units a month, which is like 100 times more.five years back the industry had sold about 2,000 cars and we are talking about already an annualised run rate this year of more than one lakh units so it's a 50 times growth," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra told reporters.

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Digital transformation of all operations on LIC agenda, says Chairman Mohanty

CFO News

Life Insurance Corporation of India (LIC) says last quarter's earnings of INR9,543 crores ($1.3bn) was sustainable and profit was likely to increase in the coming quarters. LIC has undergone a directional change, with its product mix now dominated by participating non-par products which yield better margins. The insurance company seeks to increase the share of non-par policies to double digits, from 10.22% at present.

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Pankaj Sharma resigns as Chief Operations Officer of RBL Bank

CFO News

RBL Bank's Chief Operations Officer, Pankaj Sharma, will be resigning from his position and will be replaced by Alok Rastogi as Head of Corporate Centre. The bank announced that Sharma's resignation is effective from September 20, 2023, and mentioned the appointment of Rastogi, who will handle the Operations function along with other responsibilities.

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Motown Inc may get Rs 50,000cr fuel to drive green technology

CFO News

The Indian government may allocate up to Rs 500 crore to promote green technologies in the automobile sector, according to Ministry of Heavy Industries memos. The funds could be used to launch the next phase of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) scheme, incentivise green technology manufacturing or provide vehicle buyers with support.

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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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RBI Governor Das calls for IMF, WB to play a bigger role in helping countries dealing with debt

CFO News

Reserve Bank Governor Shaktikanta Das has called for an "expeditious completion" of the general review of quotas at the International Monetary Fund (IMF), pointing out that the same can help the body help distressed countries better.

Finance 52
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Private sector should also fund GPGs to aid inclusion: Shaktikanta Das

CFO News

Keeping in mind very large investment requirements for setting up global public goods (GPGs), trigger financing could come from public investment, which would minimise risk and widen market access, Das said. “Subsequent financing needs can be met by the private sector.

Finance 52
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Non-IT hiring not enough to offset degrowth in IT hiring: Info Edge CFO

CFO News

“Non-IT, in Q4 or even Q3 last year, was doing much better and that has taken care of the slowdown in IT hiring. Non-IT hiring even in this quarter is much better than what the IT hiring has been, but not enough to offset the entire degrowth on the IT hiring side. But that also seems to be slowing down. July JobSpeak index is showing a negative trend on IT as well as on non-IT.

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Public expenditure quality of states improves in Q1FY24: Ind-Ra

CFO News

Higher tax devolution, rising revenues, and lower subsidy outgoes have led to the improvement of public expenditure quality for states in Q1-FY24, according to India Ratings and Research. This positive trend of increased capital expenditure and the approval of projects under interest-free capex loans is expected to continue.

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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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Slowdown in delinquencies to make MSME lending attractive: Report

CFO News

Delinquency rates in the MSME segment are declining and credit demand is increasing due to the new-to-credit category, according to TransUnion Cibil. The credit bureau said delinquency rates have decreased gradually over the last three years, falling from 2.9% in the March 2022 quarter to 2.4% in the same period this year, while demand rose by 33%.

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SAT partly sets aside Sebi's disgorgement order against NSE in dark-fibre case

CFO News

​​The tribunal has quashed Sebi’s direction barring NSE’s former CEO Chitra Ramkrishna from holding any position in stock exchanges or listed companies for three years and three other former officials

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Sebi proposes to raise threshold of borrowings for large firms

CFO News

"It was felt that the threshold should be aligned with the threshold of high value debt listed entity to have uniformity in the regulations.This would also be a breather for companies with outstanding long term borrowings of less than ₹500 crore to prepare themselves for compliance with these provisions once the framework becomes applicable to them," Sebi said.

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NCLAT dismisses appeal to investigate PVR-INOX merger

CFO News

The National Company Law Appellate Tribunal on Thursday dismissed the appeal filed by Consumer Unity and Trust Society, a think tank, asking the Competition Commission of India to investigate the PVR-INOX merger. The senior counsel for CUTS had argued that given the merged entity controls over half of the screens in the country, the merger could have an appreciable adverse effect on competition (AAEC), which could be detrimental to consumers.

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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.