Sun.May 28, 2023

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ERP System Implementation Timeline And Milestones: What You Need To Know

Navigator SAP

Implementing ERP systems has proved to be a major challenge for most companies because there’s no standard implementation timeline and milestone that fits all businesses. Every business has its unique ERP needs that determine its implementation schedule and milestones.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • We Want Them Infected : These ‘experts’ sold the U.S. on a disastrous COVID plan, and never paid a professional price. A painstakingly documented new book by Jonathan Howard, a neurologist at New York University and a veteran debunker of the pseudoscience contaminating our efforts to fight the pandemic.

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Trending Sources

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CBIC issues SoPs for scrutiny of GST returns for FY'20 onwards; DGARM to identify cases

CFO News

The CBIC has come out with a standard operating procedure (SoP) for scrutiny of GST returns for fiscal 2019-20 onwards under which the analytics unit will identify returns for scrutiny depending on various risk parameters.

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902: Finding Your Fire | Celeste Ackert, CFO, Fairmarkit

CFO Thought Leader

Of all of the places future CFOs could have been employed in the late 1990s, the printing division of RR Donnelley might seem to have been among the least likely. However, what’s important to note is that this period predated the wide deployment of EDGAR, the database system that electronically automates the collection, validation, and acceptance of financial documents by the government’s SEC division.

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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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Exclusive: Sebi may ease compliance for PE and VC funds

CFO News

In an email to about 20 fund officials and senior professionals, Sebi has asked them to suggest ways to lessen the compliance burden on the funds, which, many in the industry believe, has led to a regulatory overkill.

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General Atlantic and Advent closer to buying Everstone's Burger King stake

CFO News

"Everstone, which also operates Subway and Lavazza coffee in India, is looking to cash out from its stake in Burger King, and is now actively engaged in due diligence with private equity firms General Atlantic and Advent," one of the executives said.

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How to use Excel's Solver: AFP DIY automation series

Future CFO

The Solver add-in to Excel expands your analytical toolkit by optimising your model output to fit your goals, such as minimising or maximising profits, costs, portfolio returns or units produced. It’s like a powered up version of goal-seek. Dr. Kevin Kelly shows how to put Solver on your toolbar, set the model objective, set up your model, establish operational constraints, and let it run.

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Angel Tax on multinational companies may bedevil FDI

CFO News

The government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the levy.

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Webinar: Managing Term Loans, Money Market, Investments & Forex

CS Lucas

In todays day and age, restructuring your treasury functions through modernization, flexibility and preparation can allow for real time up-to-date reports that allow for improved short and long term decision making. In this webinar, Zohain Saeed, our BDM for South-East Asia will be covering the management of the following topics using the CS Lucas system: Term Loans Money Markets Investments Foreign Exchange Whether you are handling treasury management for your company or relying on the reports

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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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Baring EQT set to buy HDFC's education loan arm Credila for up to $1.5 billion

CFO News

The buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period. A formal announcement is expected by June end, ahead of the mega merger between HDFC Bank and HDFC to create the world’s fourth-largest bank. Both sides are finalising legal documentation, said the people cited above.

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Follow-up: I pulled the trigger on the February 2042 TIPS

Tips Watch

By David Enna, Tipswatch.com Last week I was doing quite a bit of research on Treasury Inflation-Protected Securities that mature from 2040 to 2045, years that “should be” near the end of my life expectancy.

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Fed will start cutting interest rates around December: Mitul Kotecha

CFO News

​But as I said, there has not been a major rally in markets. I think there are a lot of other things to contend with like the issue about supply of T-bills and I think that is absolutely right and plus there is still a lot of inflation to contend with, weakness in growth, all of this is not particularly bullish for markets at this point in time.

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Maruti Suzuki expects production loss in Q1; anticipates some relief from July

CFO News

Maruti Suzuki India expects continuing production loss in the first quarter due to the shortage of electronic components, with relief anticipated in July-September. Last fiscal, Maruti lost 1.7 lakh units due to chip shortage, and it is anticipated that the company will lose numbers in May and June. The carmaker has an order backlog of over 4 lakh units with Ertiga leading the pack with close to 1 lakh bookings.

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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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Delay in rolling out 5G may hurt Vodafone Idea badly

CFO News

The absence of 5G service from Vodafone Idea (Vi) could result in the loss of high-paying customers in the coming quarters, experts have warned. While Vi's per-capita data consumption has remained flat at 15.1 GB, Bharti Airtel's has increased to 20.3 GB due to its aggressive push for 5G expansion. Falling behind on 5G rollout could lead to a slowdown in Vi's average revenue per user (ARPU) growth and increased churn.

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Few openings, yet 98% skilled employees ready to jump ship: Survey

CFO News

The Talent Trends study 2023 by global recruitment firm Michael Page, which reached out to nearly 4,000 skilled, white-collar employees in India, showed that about 75% of these are active job seekers, meaning they are looking out for opportunities right now or plan to find a new job in the next six months, while 23% are on the fence but open about finding a new job.

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Naya Sansad: For new India, a House of new resolve & aspirations

CFO News

The PM said 'Amrit Kaal' - a term he used to denote the period between the 75th and 100th anniversaries of Independence - would be as crucial to making India a developed country as the non-cooperation movement launched by Mahatma Gandhi was to securing freedom from the British.

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384 infra projects showed cost overruns of Rs 4.66 lakh crore in March quarter

CFO News

"Out of 1,566 projects, 384 projects were having the cost overruns of Rs 4,66,874.46 crore which is 21.59 per cent of their sanctioned cost," a quarterly report for January-March 2023 prepared by the ministry.

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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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PM Modi calls for aligned vision of developed India by ’47 at 8th governing council meeting of Niti Aayog

CFO News

According to Niti Aayog, Modi stressed that the Centre, states and UTs work as Team India and fulfil the dreams and aspirations of people for a Viksit Bharat by 2047, while outlining challenges related to the unpredictable global environment, changing geopolitical scenario, regional imbalances and income disparity

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Centre told to inform outcome of consultations of draft rules to regulate e-pharmacies

CFO News

The Delhi High Court has granted six weeks' time to the Centre to inform it about the outcome of consultations and deliberations with stakeholders on draft rules to regulate e-pharmacies. On perusing the latest status report filed by the Centre, the court noted it has been categorically stated that the Union of India has not yet finalised the draft notification of August 2018 and it is pending for consultation and deliberations.

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From green hydrogen to circular economy, govt goes for sustainable growth

CFO News

"The movement aims to live a life which is in favour of the environment and does not harm the ecosystem and living beings. Faster Adoption and manufacturing of Hybrid & Electric vehicles in India scheme has been launched in the year 2015 to promote use of electric vehicles in order to decrease the consumption of coal, which is already implemented by fourteen states of our country," said the official.

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PM Modi releases special stamp, coin to mark inauguration of new Parliament building

CFO News

According to a gazette notification by the Department of Economic Affairs under the Union Ministry of the Finance, the weight of the coin would be 34.65-35.35 grams.

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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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ChatGPT cites imaginary cases to US lawyer, earns him a sanction

CFO News

The lawyer who created the brief, Steven Schwartz of the firm Levidow, Levidow & Oberman, threw himself on the mercy of the court, saying in an affidavit that he had used the artificial intelligence programme to do his legal research - "a source that has revealed itself to be unreliable.

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US debt ceiling negotiations push towards critical default deadline

CFO News

Time is tight. The Treasury Department on Friday said the government would run short of funds to pay all its bills on June 5 without congressional action, a slightly later but firmer deadline than its prior forecast of default as early as June 1. And any deal in principle between Democratic President Joe Biden and top congressional Republican Kevin McCarthy will be the start of what could easily be a week-long process of shepherding legislation through the narrowly and bitterly divided Congress.