Thu.Dec 19, 2024

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Co-Sourcing for Fund Administration: A Guide to Efficiency & Investor Confidence

E78 Partners

The alternative investment industry is facing rapid transformation. Fund managers contend with increasing regulatory requirements, mounting investor expectations, and the complexities of managing multi-asset class portfolios. At the same time, pressure to reduce operational costs and optimize efficiency continues to intensify, particularly for mid-sized and emerging fund managers.

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Gensler stresses PCAOB’s importance following $400M budget approval

CFO Dive

Trust in public company financials “can easily be taken for granted,” outgoing SEC Chair Gary Gensler warned in a statement on the audit watchdog’s budget.

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Trending Sources

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The Book of Genesis: Wall Street Edition

Barry Ritholtz

I have been playing a lot this year with ChatGBT, and saved some of my favorites. This is one of them: Chapter 1: The Creation of the Market In the beginning, the Trader created the Market and the Economy. The Market was formless and void, and volatility was upon the face of the indices. The Spirit of Investment hovered over the trading floor. And the Trader said, “Let there be Value,” and there was Value.

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Audit fees poised to rise further after 6.4% hike in latest cycle, report says

CFO Dive

Additional pressure on audit pricing is expected to come from regulatory changes on the horizon such as the FASB’s income statement expense rules, FERP reports.

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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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Weak demand results in real yield of 2.121% for 5-year TIPS reopening auction

Tips Watch

By David Enna, Tipswatch.com The U.S. stock and bond markets were sent into turmoil Wednesday by confusing messaging from the Federal Reserve on future inflation and interest rates. As a result, the stock market plummeted and Treasury yields surged higher.

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Ninja Van boosts financial ops with Workday Adaptive Planning

Future CFO

Since its inception in 2014 with just one delivery van, Singapore-headquartered Ninja Van Group has scaled significantly, employing over 50,000 staff, including delivery personnel. The company provides last mile logistics and package delivery. However, as the company grew, it faced mounting challenges in managing financial planning through manual spreadsheets.

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M&A outlook intact despite Fed’s interest rate pivot: PwC analyst

CFO Dive

The Fed is “going in the right direction, albeit maybe not fast enough for some,” PwC’s Liz Crego said.

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Questek’s Journey: From Projects to SaaS Innovation

CFO Thought Leader

Inside The Mentoring Round , CFO Brian Registe of Questek discusses the integration of SaaS with traditional project-based work, highlighting how Questek balances both business models. He explains the key SaaS metrics they focus on, such as sales pipeline and cycle length, to drive growth. Brian also shares insights on Questeks partnerships with industry leaders like SpaceX and the US Navy, emphasizing the importance of reducing time-to-market and leveraging technology to advance material scienc

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What is the 'Four Balance Sheet Challenge,' and is India still struggling with it?

CFO News

India's economy, once burdened by a "Four Balance Sheet Challenge" involving banks, infrastructure companies, NBFCs, and real estate firms, has seen a remarkable turnaround. The initial "Twin Balance Sheet Problem" stemming from stressed bank loans and struggling infrastructure projects expanded to include the NBFC and real estate sectors.

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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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Former Standard Chartered CFO Gaurav Maheshwari joins InCred Finance

CFO News

InCred Finance, the consumer and MSME lending arm of the InCred Group, has announced the appointment of Gaurav Maheshwari as Chief Financial Officer (CFO), succeeding Vivek Bansal.

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Crystal gazing finance in 2025

CFO News

This year was dominated by elections. In the New Year, we will see the impact of elections. Elections, even won in thumping majority, have their own impact. Look at Maharashtra, it has taken so long to allocate the ministries, and yet discontent lingers. I pored through more than a dozen reports on 2025 outlook in the last few days, and broadly there are a few themes that I came across.

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What is going to move the Indian market in 2025? Mayuresh Joshi explains

CFO News

India may see a small rate cut in February as food prices fall. Global markets dipped after the US Federal Reserve cut rates but hinted at fewer cuts ahead. This impacts Indian markets. Experts are watching how company earnings and global events unfold. Government spending and private investment are key to India's economic growth. Market stability depends on these factors.

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India to spend USD 8 trillion on investments in next five years: Motilal Oswal

CFO News

India Investment Spending: India is poised to spend a massive USD 8 trillion on investments over the next five years, says a report by Motilal Oswal.

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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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Nestle India sees no impact from Switzerland's MFN status withdrawal, says issue between the two countries

CFO News

Switzerlands suspension of the Most-Favoured-Nation (MFN) status, effective January 2025, follows an Indian Supreme Court ruling that reversed a judgment in favor of Nestl, triggering a re-evaluation of tax treaty terms.

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Break glass ceiling in global standards, shed passive attitude: Consumer Affairs Secy to India Inc

CFO News

Speaking at a CII event, Khare expressed concern over India's absence from the top five nations in international standards meetings, which she said were dominated by European countries.

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MCA slashes penalty on iPhone maker Wistron

CFO News

Appealing against the RoC's penalty, a representative of Wistron submitted to regional director M Jayakumar that the current management (Tata Electronics) has "decided to address the past violations (by Wistron) and, therefore, the suo-motu application for adjudication has been filed"

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Corporates claim employees are their greatest asset but don’t treat them fair, must pay bottom 60% staff better: Mohandas Pai

CFO News

Mohandas Pai criticizes stagnant wages for entry-level IT workers, highlighting a mere 15% increase since 2011 despite significant CEO compensation growth. He emphasizes the need for fair wages, especially for the bottom 60% of earners, advocating for higher minimum wages and a reevaluation of compensation policies to address the widening pay gap.

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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.

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High interest rates big deterrent for MSME exporte​rs; working with finmin on this: DGFT

CFO News

Director General of Foreign Trade Santosh Kumar Sarangi said that the department of commerce has been "struggling" to convince the finance ministry regarding the relevance of the Interest Equalisation Scheme (IES) and the extent to which it is maintaining manufacturing competitiveness.

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$11.3 billion: Startup funding sees marginal rise in 2024

CFO News

Indian startups saw a funding revival in 2024, reaching $11.3 billion, slightly up from $10.7 billion in 2023. While VC firms have ample capital, they are cautiously deploying funds, prioritizing profitability and strong governance. Zepto led funding with $1.4 billion, but overall deal closures were uneven throughout the year. Investors remain optimistic about India's growth potential.

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Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report

CFO News

Per data shared by executive search firm Longhouse Consulting, the year saw a trend in the startup ecosystem of some leaders choosing to move away from their cofounder roles to take on senior executive positions, bringing their entrepreneurial expertise to established firms.

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KKR invests in Rebel Foods valuing the cloud kitchen brand at around $800 million

CFO News

A significant portion of the latest financing round comprises secondary share sales, conducted at a lower valuation of around $750-800 million. In contrast, the primary funding infusion was executed at a flat valuation of $1.4 billion. While secondaries are typically done at a discount to the last primary valuation, this transaction reflects a steep discount of approximately 50 per cent.

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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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RBI advises states to be more prudent in managing finances

CFO News

The Reserve Bank of India commends states for fiscal deficit reduction but urges adherence to the 'golden rule' of financing current expenditure with current revenue. The RBI also criticizes excessive subsidies and cash transfers, advocating for rationalization and outcome-based budgeting for better resource allocation and developmental impact.

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States' freebies crowd out critical resources needed for economic development: RBI report

CFO News

It further said several states have announced sops pertaining to farm loan waiver, free electricity to agriculture and households, free transport, allowances to unemployed youth and monetary assistance to women in their Budget for 2024-25.

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Laxmi India Finance files DRHP with Sebi for IPO

CFO News

Laxmi India Finance, a Jaipur-based non-banking financial firm, has filed its DRHP with SEBI for an IPO. The IPO comprises a fresh issue and an OFS. The company primarily focuses on MSME and vehicle loans.

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SECI defends transfer of 2,333 mw power project from Azure to Adani

CFO News

SECI defended the transfer of a 2,333 MW solar power project from Azure to Adani Group before the CERC. They stated the transfer met Andhra Pradesh's power needs and maintained the original contract terms, staying within the approved bidding process and tariff. Azure's non-implementation prompted the transfer to ensure Andhra Pradesh received its intended 7,000 MW.

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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.