Fri.Jul 12, 2024

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Casual dress codes, informal etiquette may help recruiting and retention, survey indicates

CFO Dive

Employers may want to be more lenient with attire, cellphones and communication, but such shifts also may confuse employees if expectations aren't clear.

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The Software Behind Your Favorite Products: A Guide to Consumer Products Solutions

Navigator SAP

What do Coca-Cola drinks, Skull Candy headphones, Rothy’s shoes, uni-ball pens and Harry’s shaving supplies all have in common? The companies behind these products all rely on ERP software for the development, manufacturing, distribution and sales of their popular consumer products.

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BofA tackles digital banking’s transaction pain points

CFO Dive

The latest CashPro platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email the bank.

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Tax authorities bowl a GST googly to AIFs

CFO News

About a dozen such alternative investment funds (AIFs) have recently received notices, with the revenue department questioning why their schemes, housing the fund pools, are not registered under GST. These funds raise huge money every year and bankroll thousands of startups and listed companies.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Banks should proactively combat instant payments fraud: BNY

CFO Dive

Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

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CBIC issues fresh norm for recovery of GST dues

CFO News

The CBIC issues a new guideline for taxpayers to address outstanding dues until the GSTAT is functional. Payments can be made via electronic liability register with an undertaking to avoid recovery proceedings.

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Supreme Court Devastates Partnership Buy-Out Insurance

CFO Share

Did your partnership setup buy-out life insurance policies to ensure a clean buy-out? Thanks to the US Supreme Court’s ruling in Connelly v. United States , you need to rethink that strategy or face surprise taxes. Buy-out life insurance worked by a company insuring the life of its partners. If that partner passed, the policy pays the company which is contractually bound to repurchase the shares of the deceased partner.

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ICAI to set up Section 8 company for mediation, arbitration activities

CFO News

The five existing Section 8 companies of the institute are ICAI ARF, XBRL India, IIIPI, ICAI RVO and ISAI.

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Maximizing Efficiency in Manufacturing

CFO Plans

In today’s dynamic manufacturing landscape, staying competitive requires embracing innovation and efficiency. One powerful way to achieve this is by leveraging SaaS-based accounting software. This cloud-based solution revolutionizes financial operations, streamlining everything from inventory management to cost tracking. Discover how CFO Plans can transform your manufacturing business.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Why Nonprofits Need to Switch from Cash-Basis to Accrual-Basis Accounting

The Charity CFO

The type of accounting your organization uses could be holding you back from getting the most out of your accounting system. While many nonprofits start with cash-basis accounting due to its simplicity, this method often falls short of providing a comprehensive view of a nonprofit’s financial health. Transitioning to accrual-basis accounting can offer a more accurate representation of finances and enhance long-term planning.

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Central spending gives a boost to liquidity, brings overnight rate 10 bps below repo

CFO News

Following recent elections, increased government spending has injected liquidity into India's banking system, resulting in lower overnight borrowing rates, Treasury Bill yields, and short-term financing costs for Indian companies. Despite these developments, the Reserve Bank of India (RBI) appears cautious about reducing policy rates. The overnight weighted average call rate (WACR), which hovered above the RBI's repo rate of 6.50% in May and June, has averaged 6.39% in July, indicating a surplus

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12.5 crore jobs created in last 10 years: Union Minister

CFO News

Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Thursday that while 12.5 crore jobs have been created in the Indian economy during the last 10 years only 2.9 crore jobs were created in the 10 years before 2014.

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Ahead of budget, US-India forum urges FM Sitharaman for stable & predictable tax environment

CFO News

The US-India Strategic Partnership Forum (USISPF) has urged Union Finance Minister Nirmala Sitharaman to prioritize a stable and predictable tax environment in the upcoming Union Budget 2024-25. Emphasizing the need for measures that stimulate growth across sectors, the US-India Tax Forum, a part of USISPF, recommended enhancing ease of doing business, rationalizing business costs, and simplifying tax rates.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Insolvency resolutions likely to clock a fresh record in FY25: IBBI chief

CFO News

The Insolvency and Bankruptcy Code (IBC) is seeing a rise in resolved cases, with a focus on innovative approaches and transparency to improve recovery rates. Efforts to save firms from liquidation and address delays in resolution processes are being emphasized by regulators and industry experts.

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Quant Mutual Fund clarifies CFO resigned in February before Sebi's raid

CFO News

Quant Mutual Fund has issued a clarification saying that its CFO Harshal Patel had tendered his resignation on 19th February, 2024 and the last day of his service with the company was on 19th May, 2024. The fund house is facing a front-running probe by markets regulator Sebi.

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Retail Inflation snaps five-month record of moderation, increases to 5.08% in June

CFO News

The Consumer Food Price Index (CFPI), which measures changes in food prices, shows a significant increase with a combined inflation rate of 9.36%. The rural CFPI is at 9.15%, while the urban CFPI is slightly higher at 9.55%.

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Rajkamal Synthetics appoints Arihant Jain as CFO

CFO News

Jain has successfully established and grown multiple ventures across diverse industries, said the textile company in its statement to BSE.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.