Fri.Aug 23, 2024

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Maximizing Growth with a Fractional CFO

CFO Plans

In today’s ever-evolving business landscape, maintaining robust financial management is more crucial than ever. For many companies, particularly small to mid-sized enterprises, hiring a full-time Chief Financial Officer (CFO) isn’t always feasible due to budget constraints. However, this doesn’t mean they have to compromise on financial strategy and oversight.

CFO 52
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Office market approaches ‘peak downsizing’ precipice: CBRE

CFO Dive

For the first time since the pandemic, corporate real estate executives’ sentiment has shifted slightly in favor of portfolio expansion, according to a CBRE report.

Marketing 346
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Building Your Brand Directly: Direct to Consumer Software Success (DTC)

Navigator SAP

Consumer products firms selling direct-to-consumers used to be an innovation worth noting. But now it is quickly becoming table stakes as social media becomes a dominant sales vehicle and consumer spending spreads across a wider range of channels.

Sales 193
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Powell says ‘time has come’ for rate cut, cites weakening labor market

CFO Dive

The Fed chair did not indicate the size of a coming interest rate reduction, keeping alive a debate on how far policymakers will cut borrowing costs.

Marketing 307
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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SAP Business ByDesign Consultants: Expert ByDesign Solutions 

Navigator SAP

Are you fully leveraging the power of your SAP Business ByDesign investment? Did your implementation yield the expected insights, KPIs, and ROI? A strategic partnership with the right SAP Business ByDesign Partner and the right business consultants that know your industry, business, and ERP is essential. The right partner will help to maximize system performance, empower employees, and drive business growth.

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Weekend Reading For Financial Planners (August 24-25)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study indicates that while financial advisory firms are largely satisfied with their tech stacks, they take a range of approaches to applying tech: from "innovators" that invest in tech to differentiate themselves from their competition and to enhance the client experience to "operators" that invest in technology largely to improve operations and internal efficiency

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Why Excel SaaS Financial Models Stink and What to do About it

Driven Insights

Spreadsheet financial models for SaaS companies stink, whether built in Microsoft Excel or Google Sheets. There, we've said it. That doesn't mean that spreadsheet models don't provide some value in the very beginning stages of a SaaS business or that the talented people who created them are bad at what they do.

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MiB: Ricky Sandler, Eminence Capital

Barry Ritholtz

This week, we speak with Ricky Sandler , the chief investment officer and the founder of Eminence Capital. Today, Eminence is a $7B global investment management organization. Sandler came to prominence as a savvy long/short investor and Eminence continues to successfully run several different Long/Short portfolios. Prior to launching Eminence, Ricky was co-founder and co-general partner of Fusion Capital Management, LLC.

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5 Greatest Benefits of Outsourced CFO Business Advisory Services

Driven Insights

Sometimes for business owners, pushing your business into growth mode feels like being stuck in the mud. You think you're gaining traction but suddenly you find yourself sliding right back into the muck.

CFO 75
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Sources of Funding for Nonprofits in 2024

Focus CFO

The past several years have, at times, felt like economic chaos as we have collectively grappled with everything from inflation to out-of-control housing prices to rising interest rates. We have been warned of recession and then spared, only for the threat to rise again in the next tumultuous news cycle.

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Is Your Nonprofit Ready for an Audit? Here’s a Checklist to Help You Prep.

The Charity CFO

No time to read this article now? Download it for later. Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations.

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Northern Kentucky Chamber of Commerce Spotlight: Dan Keck talks about Fractional CFOs

Focus CFO

In the competitive business landscape of Northern Kentucky, small and medium-sized businesses (SMBs) often find themselves in need of top-tier financial expertise but may not have the resources to hire a full-time CFO. FocusCFO, with its fractional CFO services, is stepping up to fill this gap. FocusCFO provides high-level financial support to Northern Kentucky businesses "who are not in a position or don't have the budget to hire a full-time CFO, but who could certainly benefit from the experti

CFO 52
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CA's should be 'extra careful' while auditing listed SMEs : SEBI

CFO News

Ashwani Bhatia, Sebi's whole-time member, urged chartered accountants to be extra diligent when auditing listed SMEs, emphasizing their growth potential. He highlighted that SME entities had raised Rs 14,000 crore, with Rs 6,000 crore in FY24 alone. Bhatia also noted concerns about 'price manipulation' and limited interest in delisting due to high valuations.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Nexus Select Malls cuts 60% of power costs with renewable sources; hypermarkets losing appeal, says CFO

CFO News

Retail Sector: Rajesh Deo says gourmet stores are thriving because of the unique experiences they offer.

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Q1 growth seen in slow motion on manufacturing slump, lower government spending amid polls

CFO News

India's growth in Q1 FY25 slowed to a median 6.85%, impacted by lower urban consumption, weakened manufacturing, and reduced government spending during elections. Economists anticipate recovery in subsequent quarters despite an uneven monsoon and tepid commodity gains. The government will release detailed growth data by August 30.

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India’s Tax System Crisis: Addressing Accountability and Efficiency Failures

CFO News

Sandeep Bhalla, Partner at Dhruva Advisors, highlights the challenges facing India's tax administration: declining accountability, rising disputes, and the need for reforms to restore fairness and efficiency.

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Religare confirms ED raids on its senior officials

CFO News

Religare Enterprises Limited confirmed that the Enforcement Directorate raided the residences of top officials including Dr. Rashmi Saluja, Nitin Agarwal, Nishant Singhal, and Chirag Jain. The ED seized documents, including demat and bank accounts. The case stemmed from an FIR filed by an office assistant alleging fund siphoning. No incriminating evidence was found during the search.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Anil Ambani's Reliance Home Finances' audit finds Rs 8,884 cr outstanding loans to indirect entities

CFO News

As the Securities and Exchange Board of India (SEBI) barred Anil Ambani and 24 other entities from the capital markets for five years, the forensic audit of Reliance Home Finance Ltd found the company still had loans worth Rs 8,884.5 crore to "Potentially Indirectly Linked Entities" outstanding at the time of review.

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No 'hard approach' with taxpayers in initial stage, Finance Minister advises officials

CFO News

Finance Minister Nirmala Sitharaman advised tax officials to avoid taking a "hard approach" with taxpayers at the early stages and instead focus on resolving doubts to prevent grievances. At the launch of a new GST office in Udaipur, she emphasized better communication and sector-wise outreach to address tax issues effectively before they become major problems.

Finance 40
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US advisory co votes to oust Bina Modi from board of Godfrey Phillips, backs son Samir

CFO News

Glass Lewis also advised shareholders to vote against Samir Modi's ouster from the company's board, according to a report by the firm, seen by ET. Bina Modi, 79, is the mother of Samir Modi. Her reappointment proposal will require the approval of 75% of shareholders because of her age. She is entitled to get 5% of the company's net profits for each financial year as commission.

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Adani Power has $800 million in unpaid dues from Bangladesh

CFO News

The South Asian country owes this sum to Adani Power Ltd., part of the Indian mining-to-media conglomerate, for electricity supplied by its coal-fired plant in the Godda district of the eastern state of Jharkhand, Bangladesh Bank’s newly-appointed Governor Ahsan H. Mansur told Bloomberg News in an interview.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Cognizant sues software rival Infosys over trade secrets

CFO News

As per reports, Cognizant said in the lawsuit that Infosys illegally extracted data from its databases and used the same to build a competing software. Comments sought from Cognizant didn’t come till the press time, even as an Infosys spokesperson said, “Infosys is aware of the lawsuit. We deny all allegations and will defend our position in the court.

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Best Agrolife CFO targets 20% growth in FY25, plans Rs 200 crore investment in next 18 months

CFO News

Best Agrolife CFO Vikas Jain targets 20 per cent revenue growth for FY25 and plans to invest Rs 150-200 crores in expanding production and introducing new products, aiming for increased profitability and market presence.

CFO 40
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Jyotirgamya Enterprises appoints Karan Rajesh Singh as CFO

CFO News

Singh has more than 5 years of experience with a proven track record in evaluating and improving organisational processes and controls, said Jyotirgamya Enterprises in a release addressed to BSE.

CFO 40
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Socomec appoints Amit Jain as CFO for Greater India operations

CFO News

A Chartered Accountant by profession, Jain holds an MBA from IIM Calcutta and a Bachelor's degree in Commerce from Hansraj College, University of Delhi.

CFO 40
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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.