Fri.Dec 22, 2023

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Why You Should Be Automating More of Your Financial Management

Navigator SAP

Automation is the original value proposition of computers, and 50 years later there still is a lot of low-hanging fruit when it comes to freeing up employee time with the help of automation. This is especially true when it comes to financial management. While most businesses automate at least part of financial and accounting functions today, enterprise resource planning solutions (ERP) help businesses move beyond piecemeal financial management automation to end-to-end automation that saves time,

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Weekend Reading For Financial Planners (December 23-24)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing more and deeper financial planning while leaning on technology to make that level of planning possible.

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NFRA finds certain lapses in audit quality of network entities of Big 4

CFO News

The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality controls evaluate their adherence to Standards on Quality Control (SQC-1) and selected audit documentation of the annual statutory audit of financial statements for the year ended March 31, 2021, according to four separate reports released by NFRA on Friday.

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15 Questions to Ask an Executive Financial Recruiting Firm

CFO Selections

When you are looking for someone to hire a CFO for your company, who do you tap for the job? What sets a great executive recruiting firm apart from a mediocre one? And how can you even tell the difference? Going through the research stage of selecting a financial recruiter can be daunting, but we’re here to help! Our team of executive finance recruiters has put together a list of the questions they hear most often to serve as a guide as you go through the process.

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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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GST Amnesty Scheme: Who can apply, last date to apply, how to apply

CFO News

If an individual has received an Goods and Services (GST) demand order on or before March 31, 2023 then an appeal against that order can be filed under the GST Amnesty Scheme. Know here what is the process, conditions to fulfil before applying and what GST form is to be used for filing an appeal.

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More Trending

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Policymakers open to looking into AIF circular concerns

CFO News

The Indian Venture and Alternate Capital Association (IVCA) lobby group has approached the government, concerned that the measure will impact the flow of funds to the startup sector, ET reported on Friday. The RBI had been keeping a close watch on these practices for the past several months and clamped down after investments rose sharply, said a person familiar with the details.

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Sebi proposes implementation of instant trade settlement in 2 phases, seeks comments

CFO News

In phase 1, the regulator has proposed an optional T+0 settlement cycle (for trades till 1:30 pm), with settlement of funds and securities to be completed on the same day by 4:30 pm.

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CCI seeks stakeholder comments on regulations defining turnover or income

CFO News

The regulations aim to address the ambiguities in determining turnover/income of enterprises or persons, by specifying what the definition of turnover or income shall entail and how it will be determined even in case of entities earning in foreign currency. “The Competition (Amendment) Act, 2023, inter alia, amended Section 27, 48 and Section 64 of the Act empowers the CCI to frame regulations for the purposes of imposition of penalty on enterprise and/or person based on turnover or income of su

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OTT not under ambit of Telecom Bill: Ashwini Vaishnaw

CFO News

The minister's first official comments on the issue are likely to allay concerns raised by some app makers and activists that the broad definition of 'telecommunications' can be interpreted to cover any internet-based communication, said industry executives and experts.

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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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White-collar hiring down 6 per cent in 2023

CFO News

Companies in several sectors tightened their hiring funnel amid global macroeconomic headwinds and prolonged geopolitical uncertainties even as sectors that have seen business growth in the last one year, including oil & gas, power, infrastructure, energy, BFSI, travel, and real estate, recorded double-digit growth in hiring numbers, data showed.

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Inflation remains elevated & clouded by volatile food prices, weather shocks: RBI Guv Das in MPC minutes

CFO News

While the Reserve Bank of India's rate-setting panel opted to maintain unchanged rates in its December meeting, Governor Shaktikanta Das expressed concerns about inflation, acknowledging its retreat from highs but noting its persistent volatility. External MPC member Jayanth Varma suggested that a stance might not be necessary, but if adopted, it should be neutral.

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CXOs much wanted; demand likely to exceed supply in 2024

CFO News

Hiring action is mostly concentrated at the senior levels due to increased confidence in the economy, said experts. The entry and middle levels are not seeing much action due to the aftereffects of over-hiring in 2021 that are still being felt, they said.

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Better profitability to support corporate rating headroom: Fitch Ratings

CFO News

However, Fitch has warned that a sharp or sustained rise in energy prices, given the ongoing geo-political risks, presents downside risks to the projection. On the economy, it expects the country to be among the world's fastest-growing large sovereigns, with resilient GDP growth of 6.5 per cent in FY25, marginally down from a likely 6.9 per cent GDP print this fiscal.

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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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Finance Ministry asks banks to monitor top 20 IBC cases

CFO News

The Finance Ministry has instructed the heads of public sector banks to monitor and review the top 20 cases under the Insolvency and Bankruptcy Code (IBC) as part of their bad assets management. Financial Services Secretary Vivek Joshi urged managing directors and CEOs of public sector banks to conduct monthly reviews of these cases for resolution.

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Polycab shares drop 4% after reports of income tax raids

CFO News

Polycab is India's largest company in the cables and wires sector with a market share of 15% in the organised category. The stock, which has more than doubled in value in the last one year, is seen as a major play on the capex upcycle in India.

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Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale

CFO News

Ola Electric: The company is looking to raise up to Rs 5,500 crore through fresh issue of shares, with an offer-for-sale (OFS) component of 95.2 million shares.

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OpenAI in talks to raise new funding at $100 billion valuation: report

CFO News

The terms, valuation and timing of OpenAI's funding round have not yet been finalised and could still change, the report said.

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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