Mon.Sep 18, 2023

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All CFOs want to avoid surprises. Here’s how to do it

CFO Dive

Creating the best foundation for financial performance management is a massive area of opportunity for CFOs and a sure way to stop surprises before they stop you.

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How A 3-Person Team Optimizes Advisor Capacity For Firm Growth

Nerd's Eye View

When an advisor runs their own solo advisory firm, their capacity to meet with current and prospective clients is limited to the extent that they are also responsible for all of the non-client-facing tasks of running their firm. Which may not be a serious limitation when they are just starting out and don’t have a lot of clients to serve, but as the firm grows, they will eventually run out of time available for working with clients – at which point, it becomes necessary to decide whe

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SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale

CFO Dive

Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.

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Inflation to ease further in September

CFO News

On a positive note, the economists from the Reserve Bank expect the slowing of inflation largely driven by the correction of vegetable prices from the July peak to continue in September as well.

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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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How to navigate stiff competition for talent in financial services

CFO Dive

The Great Resignation’s not over yet, at least not according to recent articles from Forbes, the World Economic Forum and others.

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More Trending

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FASB hands businesses some tax wins

CFO Dive

The FASB made a few changes that companies wanted before moving forward with new tax rules last month, KPMG Partner Brett Weaver said.

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11 Reasons to Hire a Fractional CFO

Future CFO

A fractional chief financial officer is an outsourced financial professional providing high-level financial management and strategic guidance to a company on a part-time or project basis. Unlike a full-time CFO who is a permanent executive within a company, a fractional CFO is brought in as an external consultant to address specific financial needs or challenges.

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Lockheed Martin CFO details persistent inflation

CFO Dive

The North Bethesda, Maryland-based aerospace company’s finance chief expects to see inflationary impacts persist through next year.

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S&P Global revises India’s FY24 growth forecast upwards to 6.6%; turns pessimistic on inflation

CFO News

S&P Global Market Intelligence has revised India's growth forecast for FY24 to 6.6% due to strong growth in the April-June quarter, up from the 5.9% projected in August. However, the analytics firm predicts a sharp rise in inflation to 6% in 2023, compared to 5.1% in August. S&P is more optimistic than the Reserve Bank of India on growth but more pessimistic on inflation.

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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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Clorox warns of product shortages a month after disclosing cyberattack

CFO Dive

The household product maker said the incident damaged IT systems and will have a material effect on its fiscal Q1 performance.

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India plans graded customs duties on telecom components to boost domestic manufacturing

CFO News

India is planning to impose customs duties on telecom components in a phased manner to discourage imports and promote domestic manufacturing. The Department of Telecommunications is considering an initial 10% import duty from January, increasing to 15% by October next year. The move is part of the government's Phased Manufacturing Programme, which aims to boost local production and value addition in the telecom sector.

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APAC high-yield nonfinancial firms: Defaults will decline this year

Future CFO

Defaults among APAC high-yield nonfinancial firms will decline in 2023, with the default rate falling to 4.9% from 11.7% in 2022, although remaining in line with the 10-year average default rate, said Moody’s recently. "The forecast rate reflects worsening operating and credit conditions for Asia Pacific companies because of slowing global economic growth, an uneven rebound of China's economy, and continued tight monetary policy and high interest rates,” noted Clara Lau, a Moody's Senior Vice Pr

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'No capex cuts, govt may rejig revenue spend'

CFO News

The Centre's fiscal deficit in the first four months of FY24 stood at 33.9% of the annual target, sharply higher than 20.5% a year before. Of course, the deficit until July is still way below the five-year average of 69%. Capex jumped nearly 52% between April and July from a year earlier to ₹3.17 lakh crore, higher than the budgeted annual rise of about 36%.

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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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A Modern Nonprofit Podcast: Leveraging Media for A Good Cause

The Charity CFO

Welcome to the Modern Nonprofit Podcast! We are excited for our guest today, CEO and co-founder of Collidescope , Nick Lynch! Nick is an expert in digital marketing and this will be the framework for the conversation today. We’ll cover topics like leveraging corporations, and influencers to further the mission of organizations and bringing awareness to the cause.

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Share information on data storage and transfer, Centre tells Starlink

CFO News

The Indian government has requested more information from Elon Musk's Starlink regarding data storage and transfer for its satellite broadband services in India. The government is seeking assurances that the data will remain within the country's borders for security reasons. Starlink has stated that it follows international regulations, but the government is concerned that data traffic may bypass Indian regulations if it is not limited to the country.

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Managing Nonprofit Cash Reserves: Don’t Sit on that Pile of Cash!

CFO Selections

While some nonprofits have been dealing with cash deficits over the last few years, others have experienced the opposite – too much cash! Granted, this “problem” is a much better one to have! However, it still poses a question that needs to be answered strategically to ensure a healthy future for the organization: “What do we do with the cash we’re sitting on?

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Myntra experiments with tweaks in returns policy ahead of festive season

CFO News

The firm is now softening its stance on returns and, over the next few weeks, will experiment with a fee of Rs 15-30 per return after these high return-rate customers exhaust a set amount of free returns.

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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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How to use FP&A software to drive strategic planning

Cube Software

The evolution of FP&A Over the past few decades, FP&A has witnessed a transformative shift. What once focused primarily on budgeting , forecasting , and variance analysis has evolved into a more strategic and influential role within the business.

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Price cuts, discounts trigger sales volume bounce for consumer companies

CFO News

Consumer goods companies that have implemented price cuts or promotional offers are experiencing a surge in demand, with sales volumes increasing by up to 25% in certain categories. Parle Products, a leading biscuit manufacturer, achieved a 20% growth in sales volume after offering price reductions. Emami also saw volume growth in categories such as healthcare and pain management due to promotional offers.

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10 Monday AM Reads

Barry Ritholtz

My morning train WFH reads: • A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That : Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off. ( Wall Street Journal ) • Why the UAW Strike Isn’t the Biggest Problem for Ford and GM : The labor action highlights the biggest issue: Can the auto makers afford to spend what it takes to thrive in the new world of EVs?

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Dhanlaxmi Bank independent director Sridhar Kalyanasundaram's resignation raises concerns over lender’s functioning

CFO News

In his resignation letter, Kalyanasundaram cited alleged factionalism by board members, unethical business conduct and irregularities by managing director Shivan JK in holding board and committee meetings. But before this, minority shareholders as well as employees’ organisations had on several occasions in the recent past questioned the bank’s functioning.

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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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Nykaa AGM: CEO Falguni Nayar sees India's rise as third largest consumer market globally by 2030

CFO News

India's entrepreneurial spirit, as well as young and aspirational population makes it the "best place" to build consumer focused businesses and brands, Nayar said at the FSN Ecommerce Ventures' Annual General Meeting (AGM) 2023, according to a release.

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Indian govt to set 16th Finance Commission soon; chairman and members to be selected next

CFO News

The Indian government is preparing to set up the 16th Finance Commission earlier than expected to ensure sufficient time for dealing with issues and submitting recommendations. The previous commission was affected by the pandemic and the bifurcation of Jammu and Kashmir and Ladakh. The government is also discussing the terms of reference and the appointment of a chairman and members.

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Mining industry flags issues with India’s mineral exploration regime

CFO News

India needs to implement further reforms to encourage mineral exploration in the country, says Sumit Deb, outgoing President of the Federation of Indian Mineral Industries (FIMI). Deb doubts that international or domestic exploration companies will be interested in participating in the auctioning of exploration licenses under the proposed regime.

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SC's Adani-Hindenburg probe panel members have conflict of interests, petitioners claim

CFO News

A petitioner has filed an application in the Supreme Court claiming that three members of the panel investigating irregularities in the Adani-Hindenburg saga have potential conflicts of interest. The experts named in the petition are OP Bhatt, KV Kamath, and Somashekhar Sundaresan. The petitioner requests the formation of a new committee with experts of impeccable integrity and no conflict of interest.

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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.