Mon.Sep 11, 2023

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SEC fines Monolith for violating whistleblower safeguards

CFO Dive

Privately held companies, like their publicly traded counterparts, must uphold SEC-mandated safeguards for whistleblowers, the agency said.

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IT hardware companies may be told to register for imports in FY24

CFO News

In an August 3 notification, the Directorate General of Foreign Trade (DGFT) had, citing security concerns, announced that the import of certain IT hardware products including laptops, tablets, PCs, servers etc., would fall under the restricted category and would therefore require a licence, effective immediately. After strong pushback, the government extended the timeline to November 1, 2023.

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Trending Sources

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Payments automation: How AP managers can navigate trends, challenges and opportunities

CFO Dive

The convergence of rising payment fraud, an increasing prevalence of remote work, and a need for streamlined processes drive the demand for AP department automation.

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Budget vs Actuals: The Key to Measuring Business Performance  

Centage

Staying on top of your financial performance is vital for running your business. Unfortunately, creating a perfect budget doesn’t mean that you’ll follow it. Budget vs actuals analysis is one of the most effective ways to maintain a clear picture of your company’s performance. Budget vs actuals analysis allows you to assess how well your organization is following its financial plans.

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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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Bird Global appoints new CFO in latest C-suite shakeup

CFO Dive

The cash-strapped e-scooter company is tapping Joseph Prodan to take its top financial seat as it faces the threat of potential bankruptcy.

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More Trending

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Investor coalition lobbies standard setter to prioritize human and workers’ rights

CFO Dive

ShareAction’s letter urges the International Sustainability Standards Board to also look at human capital and human rights together when it considers disclosures reporting.

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Outsourcing (Parts Of) The Financial Plan Preparation Process To Boost Solo Advisor Capacity

Nerd's Eye View

When a financial advisory firm owner first starts their business, much of their time is spent on finding clients that they can serve. But as they (hopefully) onboard more clients and get busier with servicing those clients, they will also find that they eventually start to run short on time. Because in addition to providing ongoing services (e.g., annual plan reviews) to their current clients, they will continue to prospect and onboard new clients as well.

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Businesses have $300B in unused cloud commitments, Infosys finds

CFO Dive

“Cloud can be a black hole for money,” Chris Leigh-Currill, managing partner at Infosys, said in the report.

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Deposit rates unlikely to rise with soaring credit demand

CFO News

The phased withdrawal of the incremental cash reserve ratio (ICRR) between September 9 and October 7 would help banks to meet the festive credit credit demand, top bank executives said.

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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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Are You Prepared for Nonprofit Tax Deadlines?  

The Charity CFO

Taxes are rarely anyone’s idea of fun, but meeting nonprofit tax deadlines is critical to keeping even the most successful and impactful charities running. Unfortunately, they can often sneak up on busy nonprofit leaders, leading to a last-minute scramble to file – or worse. So, what should organizations keep in mind about tax deadlines?

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Future Proof 2023, Day 1

Barry Ritholtz

Future Proof 2023 kicked off yesterday, and it was everything we were hoping it would be. After overnight drizzle, the weather cooperated, and the sun came out the first-day crowd was substantial. I’ll have more photos and stories of the entire event as the week progresses. Today is my MiB live with AQR’s Cliff Asness, as well as a slew of other great content.

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Reliance Retail Ventures gets Rs 2,000 crore from KKR

CFO News

This round of fundraising has increased RRVL's valuation to around ₹8.36 lakh crore, from ₹8.28 lakh crore, when Qatar Investment Authority invested ₹8,278 crore less than three weeks ago.

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Asia Pacific sovereigns: Reserve trends diverge

Future CFO

Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently. Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Reserves among Asia Pacific sovereigns rated by Fitch increased by almost US$170 billion in 1H23, mostly driven by growth among those with already large reserve buffers, inclu

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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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Tata Group needs to find the elusive elixir of growth to ward off Ambani

CFO News

Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram's $10 billion valuation, Reuters reported Sept. 6, citing sources who put the annual operating profit of the privately held business at $200 million.

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Planning your budget: top 5 questions to ask budget owners to ensure accuracy

Cube Software

The role of budget owners Budget owners are the creators and enforcers of fund allocation for their departments. They determine the priority of different expenses, ensure each transaction made fits the budget, and guarantee regulatory compliance. Like skilled navigators they keep the budget on course , reporting variances and recommending corrective actions.

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Sebi 'concealed' DRI alert in 2014 over Adani Group firms, petitioner tells Supreme Court

CFO News

The Supreme Court had asked Sebi to conduct an enquiry into the fraud and stock manipulation allegations made by Hindenburg against the Adani Group in January. The Adani Group had rejected the findings.

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Budgeting and forecasting: a quick and easy guide

Cube Software

The core components of budgeting A budget is a financial plan that estimates revenue and expenditures over a specific period of time. It serves as both a roadmap and a benchmark, guiding businesses toward their financial goals while also allowing for a post-period evaluation of performance.

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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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Tata Power renewable arm raises $425 million from DFC

CFO News

"Pending a US congressional notification, this investment will support India's ambitious programme to increase renewable energy manufacturing capability to support domestic solar capacity addition as part of its global green energy transition," Tata Power said in a statement.

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Cash Cash Cash Cash

CFO Simplified

Everyone knows how important cash is to the business owner. But it’s not just a matter of knowing how valuable cash is in running your business. What you need to know is how to manage the cash by predicting not only your cash needs and future availability, but also measuring how well you used your cash last month. Of course, planning is the key to any successful activity, and cash is not excluded from the planning cycle.

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G20 has given big boost to brand India, say CEOs

CFO News

"When you strengthen brand India, the confidence of investors in India will go up; India will have a much bigger say in geoeconomics, politics and will be able to influence major decisions in multilateral forums," said HUL ex-CEO Sanjiv Mehta.

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How a CFO Selects and Manages Vendor Relationships Using the 3 P’s

CFO Selections

Among a CFO’s many duties is selecting and managing the company’s key vendors. Typically, these include banks and other capital providers, investment advisors, key software vendors, insurers, benefits and retirement services brokers, HR/payroll service providers, and audit and tax experts. Other than client relationships, these are often among a company’s most important business relationships.

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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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Vedanta Resources seeks to extend maturity of shorter-term bonds by 3 years

CFO News

VRL's proposal to extend the maturity of the shorter-term bonds by three years, however, has irked some investors, as it means that bonds maturing in 2026 will be redeemed before the 2024 and 2025 bonds.

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A Business Upended: Streaming disrupts the Entertainment Business!

Musings on Markets

It has been an unsettling summer for anyone with a stake in the movie, television and broadcasting businesses. The strike by screen actors and writers which started in July is now into almost into its third month, with no end in sight, putting at risk the pipeline of movies and shows that were expected to hit theaters and streaming platforms in the next few months.

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Businesses over turnover over Rs 100 cr cannot report e-invoices older than 30 days from Nov 1

CFO News

Earlier the time limit proposed by the Central Board of Indirect Taxes and Customs (CBIC) was seven days, however it was further relaxed to 30 days taking note of concerns raised by the businesses.

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Is Humpty Dumpty Your Mentor?

CFO Simplified

We all like to stick with the tried and true. The success we’ve had in the past is a good path to follow into the future. The problems we’ve faced and surmounted are familiar to us. We’re confident that we can beat them because we’ve done it in the past. And the road that we’ve travelled is a comfortable one. Why do the extra work to find a new path, to find a new direction?

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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.