Fri.Apr 26, 2024

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How can Technology Expense Management (TEM) reduce technical debt?

E78 Partners

Telecom related expenses are expected to rise both for public cloud connectivity and AI/CX/omnichannel services supporting enterprises globally. Any company who has been in business for more than five years, with multiple office locations is more than likely to have telecom “debt” where the pricing, service, taxes, and terms are not favorable to the enterprise.

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‘Quantum advantage’ may boost businesses $2 trillion by 2035: McKinsey

CFO Dive

The federal government has stepped up investment in quantum technologies, more than doubling research and development spending since 2019.

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Evaluating the Scalability of Various ERP Systems for Manufacturing Growth

Navigator SAP

When a manufacturer first puts in place an ERP for food and beverage operations, the focus usually is on getting the system up and running and other tasks such as overcoming ERP adoption challenges among employees. More forward-looking manufacturers keep an eye to the future at the same time, however, also looking for scalability of an ERP system during selection.

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Chemours CFO resigns following accounting investigation

CFO Dive

Jonathan Lock’s resignation comes after an internal audit determined he had engaged in unethical financial practices.

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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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Weekend Reading For Financial Planners (April 27-28)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a. the Fiduciary Rule 2.0), which is set to go into effect in September and (if it survives anticipated legal challenges) would represent a significant shift toward greater fiduciary standards in the financial services industry, including by defining as a fiduciary act a one-time recomm

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MiB: Ed Yardeni on the Roaring 20s

Barry Ritholtz

This week, we speak with Dr. Ed Yardeni, President of Yardeni Research , a provider of global investment strategies and asset-allocation analyses and recommendations. He previously served as Chief Investment Strategist of Oak Associates, Prudential Equity Group, and Deutsche Bank’s US equities division in New York City. He taught at Columbia University’s Graduate School of Business and was an economist with the Federal Reserve Bank of New York and at the Federal Reserve Board of Governors and t

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Customers Bancorp reframes ex-CFO’s dismissal

CFO Dive

Carla Leibold's departure was by "mutual agreement," not "cause," the bank holding company said in an amended filing. Leibold will receive $2.5 million but will forfeit her equity awards.

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Non-compete clauses: Unenforceable under law, but companies love them

CFO News

While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as it’s seen as a soft deterrent, said Jay Parikh, partner at Luthra and Luthra Law Offices. Employees would rather comply than bear litigation costs and carry the burden of being sued by their previous employer.

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7 Questions to Ask a Nonprofit Accountant

The Charity CFO

The right accountant can be the difference between an efficient accounting process and a total mess. That’s why it’s so important to know what to look for in a nonprofit accountant. So what happens after you’ve found a few firms that offer the services you need? The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization.

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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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Spirits market in India is surging at a record pace: Main factors and trends

CFO News

After the low during the pandemic when the spirits market shrank to 311 million cases in FY21, it recovered swiftly to add about 100 million cases in annual sales in just three years, reaching 412 million cases in FY24, industry executives said, citing latest excise department data.

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Swiggy confidentially files draft IPO papers for $1.25 billion public listing

CFO News

Swiggy, which secured a nod from its shareholders for a $1.25 billion public listing earlier this week, has made the filings through Sebi’s confidential route.

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Public sector banks may get legal teeth on issuing lookout circulars

CFO News

This follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) don’t have the power to recommend, or ask, the central government for the issuance of LOCs against defaulting borrowers.

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RBI sets eligibility rules for SFBs seeking universal banking licence

CFO News

Both these lenders, along with Equitas, announced their intent to seek universal banking licence, which offers more regulatory flexibility in terms of doing business. Equitas is not immediately eligible to seek the licence as its net NPA ratio was higher than 1%. Eligible SFB will be required to furnish a detailed rationale as to why they want such a transition, RBI said.

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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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NFRA debars auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases

CFO News

The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.

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US regulators seize troubled lender Republic First, sell it to Fulton Bank

CFO News

Regulators seized Republic First Bancorp, selling to Fulton Bank via FDIC. Challenges for regional banks post-collapse of Silicon Valley, Signature, and First Republic. 32 branches in NJ, PA, NY to reopen as Fulton Bank.

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Real estate sector needs more hands to plan, build & sell in boom time

CFO News

The real estate sector in India has undergone significant transformation in recent years, from the increasing volume of sales to the implementation of regulatory reforms including RERA. These changes have brought about a heightened demand for professionalism, transparency, and expertise, not just in the primary market but also within the secondary market, particularly in the high-end luxury segments.

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NIPFP projects India's FY25 GDP growth at 7.1 pc

CFO News

The economic think tank said that in 2023-24, states' capex growth is robust due to significant capex transfers from the Centre.

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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.