Mon.Feb 05, 2024

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Speaking the Love Language of CFOs

CFO Selections

Love is in the air, which got us thinking… what is the love language of a CFO? For those of you not familiar with “love languages” the basic premise is that different people have different personalities, which means they give and receive love in different ways. And while this may sound like it’s only related to romance it certainly doesn’t have to be!

CFO 98
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Fed pivots to considering when to cut main interest rate: Powell

CFO Dive

Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.

Banking 292
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Trending Sources

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How to put finance business partnering puzzle together?

Fpanda Club

Finance business partnering is not a new concept and has been around for a while. Well, not just for a while, for more than 60 years. “ The success …depends on the extent to which finance men are capable of looking outside finance and playing an active, rather than a passive, role in the business. ” — S. R. Harding, F.C.A., (Royal Dutch/Shell Group), 1963.

Finance 130
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Solo Brands appoints Vitamin Shoppe exec as new CFO

CFO Dive

The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.

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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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The Latest In Financial #AdvisorTech (February 2024)

Nerd's Eye View

Welcome to the February 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members

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Retail as a Service

Barry Ritholtz

Back in the bad old days of mainframes, “Time-sharing” was how computing power and database storage were provided to the large corporations that could afford it. Computing was less the purchase of goods than a service. The modern cloud-based era has seen the rise of “Software as a service” (SaaS).1 This approach was based on the idea that it was more cost-effective for the consumer and more efficient (and profitable) for the provider to offer computing operations as services instead of physicall

Retail 76
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Bass Pro, Patagonia vet takes Meati Foods CFO seat

CFO Dive

Founded in 2017, the company said its new finance chief will oversee capital expenditures needed to drive its continued expansion.

CFO 157
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GST officials detect 14,597 tax evasion cases in Apr-Dec 2023

CFO News

GST officers in India are using data analytic and artificial intelligence tools to identify taxpayers suspected of fake input tax credits. During April-December 2023, 14,597 cases of GST evasion were registered, with Maharashtra having the highest number (2,716). The use of NETRA, BIFA, and ADVAIT tools has helped detect fake ITC cases worth Rs 18,000 crore and arrest 98 fraudsters.

Numbers 59
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Cost optimisation levers for CFOs

Future CFO

As today's markets shift and financial leaders start to find their cost bases grow faster than assets under management, it is important that chief financial officers must be able to pull the right cost levers. Managing expenses has become a top priority for many institutional asset management boards, chief financial officers and executives, according to KPMG.

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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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Aiming high, Achieving higher

CFO News

Sanjay Tolia, Partner at Price Waterhouse & Co. LLP, applauds the Finance Minister's pragmatic approach in maintaining fiscal stability while fostering investment and enhancing taxpayer experience.

Finance 52
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AI unlikely to destroy significant numbers of jobs, ACCA says

Future CFO

Artificial intelligence is still on the threshold of business operations transformation, offering potential benefits for operational efficiency, cost savings, and business process optimisation, but it shouldn't be treated as a threat to people's jobs, according to the Association of Chartered Certified Accountants In ACCA's recent and inaugural global economic outlook annual prospects report , the professional accounting body took note of how the excitement about artificial intelligence reached

Numbers 52
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ED, GST authority flagged several violations by Paytm earlier

CFO News

The ED and DGGI have investigated Paytm for alleged money laundering and illegal betting. The agencies have raised concerns about Indian payment gateways being used for trade-based money laundering, illegal betting, and diversion of funds to crypto wallets. Paytm has faced scrutiny for KYC-related lapses and freezing suspicious accounts.

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Why You Should Consider Financing Your Equipment with an Independent Lender

Commercial Credit Group

When it comes to purchasing equipment, many companies usually don’t have the available funds to pay cash, or they don’t want to use their cash to purchase equipment. So, they rely on equipment financing to get the machinery they need.

Finance 52
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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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Govt to collect Rs 14,000 crore tax from online gaming: How the GST affects players

CFO News

Taxing the Indian online gaming industry is set to generate a hefty sum of Rs 14,000 crore ($1.7 billion) in goods and services tax (GST) by next year, according to Revenue Secretary Sanjay Malhotra. The government implemented a 28% tax on online betting in October 2023, causing ripples in the $1.5 billion industry backed by global investors. The GST is affecting players who have to pay tax on the full value of their initial in-game currency purchase.

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The Mentoring Round | Sam Kemp, CFO, Built

CFO Thought Leader

Inside The Mentoring Round, CFO Sam Kemp emphasizes the importance of understanding the gap between a business’s formal operating model and the actual, informal ways it functions. Recognizing this gap is crucial for new leaders to gain leverage quickly within an organization or a new division. Looking forward, Sam outlined his top three priorities: ensuring the financial infrastructure supports the company’s scaling stages, engaging in thoughtful capital allocation, and navigating th

CFO 52
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CII Issues guidelines for independent directors

CFO News

Unveiling the guidelines on the appointment of independent directors and the process of board evaluation, aimed at bolstering corporate governance, the industry body also called on companies to view succession planning as a continuing and holistic approach, rather than an episodic event. The CII said the management must provide a detailed report of the key developments to independent directors between two board meetings.

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Old is gold, but new-age cos prefer younger CEOs

CFO News

Deloitte India's recent decision to send 35 senior partners above the age of 55 has sparked debates about ageism in India. However, data indicates that below-40 executives often run the show at new-age companies and startups, with large and complex firms relying on battle-hardened corporate veterans who have negotiated multiple business cycles. In NSE-500 companies, a typical Indian CEO today is 57 years old, similar to data on C-suite occupancy for Fortune-500 firms.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Wall Street snubs China for India in a historic markets shift

CFO News

Investors are paying close attention to the contrasting trajectories of two of Asia’s greatest powers. India, the world’s fastest-growing major economy, has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing. China, on the other hand, is grappling with chronic economic woes and a widening rift with the Western-led order.

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Paytm denies speculations on Jio Financial's acquisition of Paytm Wallet

CFO News

Paytm, in an official release, stated that the news item suggesting such an acquisition is speculative, baseless, and factually incorrect. The clarification from Paytm extends to its associate company, Paytm Payments Bank Limited, as well. According to the release, the payments bank has also not engaged in any negotiations related to the speculated acquisition by Mukesh Ambani.

Banking 52
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RBI allows HDFC Bank to acquire up to 9.5% stake in Yes Bank

CFO News

RBI has granted approval to HDFC Bank for acquiring up to 9.5% stake in Yes Bank. The approval is subject to compliance with relevant regulations. Separately, HDFC Bank reportedly clarified that the approval for acquiring stake in IndusInd Bank applies to the HDFC Bank Group, not HDFC Bank itself.

Banking 52
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ED tapped RBI for more info on FX violations by Paytm Bank users

CFO News

ED sought additional information from the Reserve Bank of India (RBI) on alleged violation of the Foreign Exchange Management Act (Fema) by individuals and companies using Paytm Payments Bank. RBI had informed ED of possible breaches in November 2023. ED wrote back to RBI seeking information on the entities that had violated Fema.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Paytm crisis: Startup founders write to FM, RBI Guv seeking review of central bank action

CFO News

The note, signed by startup founders including Policybazaar's Yashish Dahiya, Bharat Matrimony’s Murugavel Janakiraman, Makemytrip’s Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company.

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Fiscal deficit target of 4.5% of GDP by FY26 a challenge: Fitch

CFO News

India's government faces challenges in meeting its fiscal deficit target of 4.5% of GDP in FY26, according to global ratings agency Fitch. The agency predicts a 6.5% growth in the Indian economy in FY25, supported by 11% growth in government capex. The government has set a 5.1% fiscal deficit for FY25, down from 5.8% in FY24. Fitch expects the new government to maintain the fiscal path laid down in the interim budget.

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India expected to grow faster at 6.2% in FY25: OECD

CFO News

The inter-governmental group of 38 high-income economies expects the Indian economy to grow 6.7% in the current year, in line with the International Monetary Fund’s estimate of 6.7% growth but lower than the first advance estimate of 7.3%.

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B-school grads left in the lurch as India Inc chases blue-collar workers

CFO News

India Inc is facing an acute shortage of blue-collar workforce amid a sharp drop in interstate migration of workers while its white-collar hiring has slowed down sharply due to global macroeconomic conditions and geopolitical tensions, economists and top company officials said.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.