Fri.Dec 15, 2023

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Why Life Sciences Businesses Need ERP

Navigator SAP

For most life sciences startups , the product is the business. This makes sense because many life sciences businesses come out of fundamental innovation in the lab, and thoughts of how best to bring the product to market only come later.

Startups 273
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Former Disney CFO takes stage in proxy battle

CFO Dive

Activist investor Nelson Peltz is leaning on the insider financial expertise of ex-CFO Jay Rasulo as the Disney proxy battle reignites.

CFO 283
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Understanding SAP ERP Production Planning

Navigator SAP

SAP’s enterprise resource planning solutions (ERP) are made up of modules that deliver specific functionality and combine to provide an end-to-end backend solution for businesses of all types. One of the core modules that significantly benefits manufacturers is the Production Planning module.

SAP 240
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FASB pushes crypto, tax rules over finish line

CFO Dive

The U.S. standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

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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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Weekend Reading For Financial Planners (December 16-17)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that this week's round of public hearings on the Department of Labor's proposed new fiduciary rule featured fierce opposition from the brokerage and insurance industries – which, while unsurprising given those industries' stance against the DoL's previous fiduciary rule (which ultimately caused it to be struck down in court in 2018), nonetheless highlights the debat

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SC refuses to grant stay on tax notices to E-gaming companies

CFO News

The show cause notices were issued after the government clarified that online gaming, betting, and gambling will be levied 28% GST on the full face value from October 1. The government believes that some of these firms leveraged the lack of clarity on taxation of "game of chance" and "game of skill" before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms.

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Kraft Heinz probes ransomware attack claim

CFO Dive

The food and beverage company attributed the potential attack to a decommissioned marketing site and said internal systems are operating normally.

Marketing 130
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Income tax demands of Rs 3.57 lakh crore settled in a year, says finance ministry

CFO News

A dedicated demand management facilitation centre in Mysuru helped resolve cases. The call centre, set up in Mysuru, helped the department settle a total of 146,385 outstanding tax demands. These were the cases where the taxpayers had paid lower tax than the actual tax liability.

Finance 52
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How to Properly Record Revenue for Nonprofits

The Charity CFO

While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

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Lanco lenders to vote on Adani Power's ?4,100-crore offer

CFO News

KPMG-backed resolution professional (RP) Saurabh Kumar Tikmani will also seek direction on withdrawing the Power Finance Corporation-led consortium's resolution plan for the distressed thermal power undergoing corporate resolution.

Finance 52
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Employee Spotlight: Renee Teo

FISPAN

In this month’s employee spotlight, we’re getting to know Renee Teo, our Business Systems Analyst at FISPAN. As part of the Facilities & Service Desk division, Renee facilitates the analysis, design and implementation of various business systems such as the creation of our Service desk, to aid in the creation of our Command Centre. Her transition from a background in biochemistry to her role at FISPAN was a journey fueled by a strong interest in technology and a passion for project managemen

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Meesho says it has onboarded 25K non-GST sellers since Oct'23

CFO News

The platform saw 40 per cent of its non-GST seller registrations last month, coming from over 20 states. The statement comes after the GST council allowed e-commerce platforms to onboard non-GST sellers with a turnover of Rs 40 lakh.

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VC funds backing fewer women startups than men-led ones: Smriti Irani

CFO News

The minister for women and child development said there are many women innovators in science and technology, but rued that their strides are not getting translated into commercial ventures.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Vodafone Idea close to selling fibre assets, eyes up to Rs 12,000 crore

CFO News

Vi had tried to sell its fibre assets and data centre business in 2019, but the deal could not be concluded due to differences over valuation. The company has over 160,000 km of optic fibre and, since wired broadband is set to be a big revenue stream, Vi is hopeful of closing the deal at a good valuation.

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DRI moves tribunal against relief to Essar Group in over-invoicing case

CFO News

​​Between March 2015 and August 2016, the Mumbai zone of the Directorate of Revenue Intelligence had issued issued show-cause notices (SCNs) against several Essar Group companies. The agency said investigations showed the group allegedly siphoned off funds abroad through GSF, an intermediary in the UAE, which was controlled and managed by the Ruia family through the ultimate holding company of the Essar Group.

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General Insurance Corporation of India recruiting for Chief Financial Officer

CFO News

The General Insurance Corporation of India (GIC Re) has announced the recruitment for the post of Chief Financial Officer (CFO) through a notification released on its website on Monday, December 11, 2023. The application window is open from now and will remain open till Tuesday, December 26, 2023.

CFO 52