Tue.May 14, 2024

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The problem that made ‘zero-based budgeting’ unachievable just got solved

CFO Dive

Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.

Budgeting 230
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Navigator Business Solutions Achieves GROW with SAP Designation

Navigator SAP

As seen in, PR Newswire , Navigator Business Solutions is proud to announce its ongoing partnership with SAP and its achievement of the Grow with SAP program designation. Read the official press release here.

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Trending Sources

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Cybersecurity ops budgets expected to climb: KPMG

CFO Dive

The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.

Budgeting 247
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Ransomware attacks at India Inc down to 64%, yet costs soar: Report

CFO News

A recent report by Sophos unveils a decline in ransomware attacks on Indian companies, down to 64%. However, higher ransom demands and a shift in recovery tactics pose intensified challenges.

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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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Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike

CFO Dive

“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?

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More Trending

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Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI

CFO Dive

The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.

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Cipla promoters to sell up to 2.53% for Rs 2,637 crore

CFO News

The move, days after the company posted its best annual results, has triggered speculation that more such transactions could be in the offing. The collapse of the $7 billion sale last year after lengthy negotiations had reportedly led to divisions within the family, according to people with knowledge of the matter.

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Managing Your Company’s Inventory

CFO Simplified

Every business owner knows that one of their biggest assets is Inventory. But if your business doesn’t have shelves in a warehouse filled with products for sale, you might think that you don’t need to worry about all of the issues and problems that go along with managing, protecting and selling that inventory. Actually, there are different kinds of inventory, and as a result, every business has inventory.

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China may dump EVs, batteries into India with higher US tariffs: GTRI

CFO News

GTRI warns of China dumping in India due to US tariffs. India can gain from higher duties on medical items. Trade with China surpasses that with the US. GTRI advises vigilance by Indian trade authorities, ramping up production for US market exports.

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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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BMO Virtual Connect recognized for digital transformation and operational excellence

Bank of the West

Our customer contact centre, BMO Virtual Connect, has gained global recognition for its commitment to innovation and customer satisfaction. Most recently, we won the Business Transformation & Operational Excellence Award… Read more The post BMO Virtual Connect recognized for digital transformation and operational excellence appeared first on About BMO.

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The Role of CFOs: Strategic Financial Leadership in Growing Steel Industry

CFO News

In his insightful article, Deepak Goyal, Group CFO of APL Apollo Steel Tubes Ltd, delves into the indispensable role of financial leadership in propelling the growth and resilience of India's burgeoning steel industry.

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Inventory Management Guide for 2024

The Finance Weekly

What could happen if a business does not have proper inventory management? Without proper inventory management, a business might frequently run out of popular products. This leads to stockouts, where customer demand cannot be met. As a result, customers may turn to competitors to fulfill their needs, causing the business to lose sales and potentially long-term customers.

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ION-owned LIST completes third and final phase of migrating clients onto Euronext’s Optiq trading platform

Reval

Milan, Italy, 26 March 2024: LIST, an ION company, announces that the third. The post ION-owned LIST completes third and final phase of migrating clients onto Euronext’s Optiq trading platform appeared first on ION.

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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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#FA Success Ep 385: Unblocking Clients That Won’t Implement With A Journey Of Financial Health, With Danielle Howard

Nerd's Eye View

Welcome everyone! Welcome to the 385th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danielle Howard. Danielle is the owner of Wealth By Design, a hybrid advisory firm based in Glenwood Springs, Colorado, that oversees about $35 million in assets under advisement for 35 client households. What's unique about Danielle, though, is how she has created a process she calls "Financial Fingerprints To Footprints ", where she helps clients who are struggling to implem

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India's weight in key MSCI equity index hits another high, to boost inflows

CFO News

India's weight in MSCI's Global Standard index hits a record high, narrowing the gap with China. The rise boosts prospects for more inflows into equity markets. Consistent flows from domestic institutional investors could see India surpass 20% weightage by 2024. May review to bring about $2 billion inflows; Analyst Abhilash Pagaria comments on the potential growth.

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Temenos launches financial processing solution for banking operations

Future CFO

Banking software system provider Temenos launched its financial processing solution, Temenos Positions, to transform banking operations for institutions with complex, multi-core systems across multiple lines of business in both retail and corporate banking. According to a press release, the new lean solution serves as a real-time source for maintaining and sharing balances, instruments, and financial movements across an entire bank's system landscape, regardless of underlying technology stack.

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Tax incentives can help enhance adoption of sustainability manufacturing: Experts

CFO News

Financial incentives like tax breaks and subsidies can boost the adoption of green manufacturing practices. Experts emphasize the need for sustainable supply chains and investments in energy-efficient technologies. Companies are increasingly focusing on sustainability, with Indian firms leveraging sustainable loans and investing in recycling.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Boom in e-commerce opens door for multiple jobs at all levels

CFO News

The e-commerce industry is booming due to increased smartphone and internet access, offering a plethora of job opportunities. Evolving consumer behavior and technology advancements are driving this growth, with a projected surge in India's online consumer base. The sector demands a wide range of skills, from tech-related roles to digital marketing and content creation.

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Indian companies likely to use existing AI models to leverage their data: Intel executive

CFO News

Santhosh Viswanathan, vice president and managing director for the India region at chipmaker Intel, said the Indian market was at an “inflection point” with digitisation being a fundamental change and accelerant for the economy.

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DHFL scam: After CBI arrest, Dheeraj Wadhawan sent to judicial custody for Rs 34,000-crore bank fraud case

CFO News

Former DHFL director Dheeraj Wadhawan was arrested by the CBI in connection with a Rs 34,000-crore bank fraud case. He was charge-sheeted in 2022, produced before a special court in Delhi, and sent to judicial custody. Wadhawan was earlier arrested in the Yes Bank corruption case and is linked to the biggest banking loan fraud in India.

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NCLAT lifts lien on IL&FS Transportation

CFO News

NCLAT orders lifting of lien on ITNL's account, deeming Maharashtra tax department's attachment contrary to previous decision. PNB seeks interim distribution of Rs 12 crore from ITNL's account towards debt, allowing IL&FS board to consider fund distribution.

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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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Wholesale inflation in April quickens to 13-month high of 1.26% on spikes in power, food prices

CFO News

India's wholesale price index-based inflation accelerated to 1.26 per cent in April on an annual basis as against 0.53 per cent in March, data from the Commerce Ministry on Tuesday showed.

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