Fri.Jun 07, 2024

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Heed Corporate Transparency Act despite legal cloud, experts say

CFO Dive

Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.

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How to Integrate and Extend SAP Business ByDesign

Navigator SAP

One of the advantages of using the SAP Business ByDesign ERP solution is that most of what a business needs for a complete backend business system solution comes included with Business ByDesign right out of the box. Where additional functionality is needed, Business ByDesign integration points and extensions can help. SAP Business ByDesign is built on a modular framework.

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How big retailers are battling the last-mile delivery squeeze

CFO Dive

Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.

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Goldman Sachs Now In Riyadh

Global Finance

Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. The kingdom’s new rules, which took effect on January 1, 2024, require companies to maintain a regional headquarters in Saudi Arabia with at least 15 employees, including high-ranking C-suite executives overseeing operations in other countries.

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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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Quiet vacationing: What’s this summer work trend?

CFO Dive

The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.

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More Trending

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Best Investment Banks And Sustainable Finance 2024 Awards Ceremony

Global Finance

Global Finance magazine held our Best Investment Banks and Sustainable Finance awards ceremony on the evening of April 30th at the iconic Gherkin Building in London. The event recognised the winners in the 2024 Best Investment Bank Awards and Best Sustainable Finance Awards. This year our Investment Bank Awards celebrate a 25 year anniversary we recognised during the event. 1 (left to right) Societe Generale’s Andrew Menzies , Global Head of DCM, Thierry d’Argent , CEO of the London Branch, and

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Strategic Partnerships with Fractional CFO Services

CFO Plans

Companies of all sizes are on the hunt for ways to streamline operations, cut costs, and foster sustainable growth. One game-changing strategy that’s become increasingly popular is leveraging Fractional CFO services. These part-time financial experts provide strategic guidance without the hefty price tag of a full-time CFO, making high-level financial leadership accessible to all businesses.

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Pamela Naik’s Journey from Financial Management to Strategic Leadership

CFO Talks

Pamela Naik’s Journey from Financial Management to Strategic Leadership In a recent enlightening episode of the CFO Club podcast, Nicolaas van Wyk, the CEO of the Chartered Institute for Business Accountants, engaged with Pamela Naik, an accomplished finance professional. Pamela’s career trajectory and her blend of qualifications provide an inspiring blueprint for finance professionals aiming to elevate to the CFO role.

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GENERAL ELECTION OUTCOME ON BUSINESS IN INDIA: Pros and Cons

CFO News

In this insightful article, seasoned finance expert Robin Banerjee explores the potential economic implications and policy directions following India's recent general election, highlighting key pros and cons for the business community.

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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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ASEAN Girds For Growth

Global Finance

Southeast Asia’s rapidly expanding economy is attracting foreign investors and new commitments from global corporations. Can it challenge China in its own region? “ASEAN is a bright spot,” says Federico Burgoni, head of Group Strategy and Transformation at Singapore’s United Overseas Bank. Founded as a five-nation political and economic community in 1967, the Association of South-East Asian Nations today counts 10 countries and 647 million people under its umbrella, boasting a 2023 GDP of $2.9 t

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Google is getting a new CFO, Anat Ashkenazi; she comes from drug maker Eli Lilly

CFO News

Anat Ashkenazi appointed as new CFO at Google parent Alphabet Inc, succeeding Ruth Porat, who transitions to investment chief. Ashkenazi brings over two-decades experience at Eli Lilly.

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Fransua van der Westhuizen: Embracing Global Standards and Navigating Challenges

CFO Talks

Fransua van der Westhuizen: Embracing Global Standards and Navigating Challenges The evolving role of Chief Financial Officers (CFOs) continues to reshape the landscape of global business, particularly in how these leaders manage financial complexities, adapt to cultural differences, and drive strategic decisions. A recent podcast featuring seasoned CFO Fransua van der Westhuizen and Nicolaas van Wyk, CEO of CIBA, a key figure in the CFO community, provided a deep dive into these topics, offer

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Central Excise Bill may be introduced in budget session

CFO News

The Centre is set to introduce the Central Excise Bill, 2024 to replace the outdated Central Excise Act, 1944 and align excise law with GST and customs. The bill aims to reduce compliance burden, enhance transparency, and address excise duty exemptions for SEZs. It also empowers authorities to demand duty and introduces the concept of 'related persons' from customs and GST laws.

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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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What happens to India's startups with a coalition government at the Centre? Here is what they want

CFO News

As a new coalition government gears up, startups call for clearer regulations, simpler relocation processes to India, and a more straightforward legal framework. Tax department's approach, including issues like angel tax and GST notices, concerns the industry. Simplified registration, advocated by Perfios CEO, could boost startups. Fintech sector seeks tiered MDR for UPI.

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New govt to continue to maintain focus on infra sector: Icra

CFO News

The new Indian government will focus on infrastructure, with higher outlays towards railways, roads, and water, according to Icra. Narendra Modi will assume the role for the third time, but with a smaller-than-expected election victory, the BJP will share power in a coalition government. The capital outlay is expected to sustain growth momentum, as it contributes to GDP multiplier effects and job creation in unskilled and semi-skilled segments.

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Bankers, economists expect RBI to cut key interest rate in second half of FY25

CFO News

RBI kept benchmark interest rate unchanged at 6.5%, instilling confidence in the market. Expectations of repo rate cut in FY25. Monetary Policy Committee meet post elections focused on inflation and economic growth. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while uncertainties related to food price outlook warrant a close monitoring.

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Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore

CFO News

Blackstone holds 55.45% in the Bengaluru-based company as of the end of March 2024 under the name of BCP TOPCO IX PTE, according to a BSE filing. Post the block deal, Blackstone's stake will drop to 40.4%, and will remain the largest shareholder in the company. The firm declined to comment on the stake sale.

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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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White goods, FMCG imports failing to get custom-fit tag

CFO News

White goods, chemicals, pharmaceuticals, and FMCG companies face import delays or higher duties as customs authorities scrutinize third-party invoicing at various ports. This practice, used for tax optimization, allows invoicing through a country different from the goods' origin and is permitted under FTAs. However, customs officials suspect abuse of FTA provisions, withholding consignments and denying lower duty benefits at ports like Nhava Sheva.

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IPOs of Flipkart, PhonePe could take couple of years: Walmart executive

CFO News

Walmart's Flipkart marketplace and PhonePe digital payments platform could have IPOs in the next couple of years, as stated by Walmart's executive, Dan Bartlett.

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Not just employers with benefits! India Inc looks to be more to woo talent

CFO News

Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries.

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