Tue.Jul 23, 2024

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Judge deals major blow to SEC’s cybersecurity enforcement stance

CFO Dive

“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift

Global Finance

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.

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Trending Sources

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CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says

CFO Dive

As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.

Finance 246
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Aerospace & Defense Supply Chain – Supplier Trends

VCFO

Finding Success as an Aerospace & Defense Supplier Analyst outlooks for the Aerospace and Defense (A&D) industry point to significant, continued growth as strong travel and communication demand fuel the commercial sector, and a changing military landscape feeds more defense spending. Small- and mid-sized businesses looking to enter or increase their presence in A&D as suppliers should be encouraged by this view, but they will need to act with awareness and intention to find success.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Many CFOs still in early phase of digital transformation: McKinsey

CFO Dive

Finance teams are grappling with roadblocks such as demanding workloads, a lack of relevant capabilities and insufficient resources.

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More Trending

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Spotify profit jumps amid ‘early days’ of price increases

CFO Dive

Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.

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What are the 8 new measures announced for MSMEs in Budget 2024?

CFO News

Union Budget 2024 emphasizes MSME support with innovative measures like new Public Sector Bank credit assessments, increased MUDRA loans, stress-period credit support, a Credit Guarantee Scheme, expanded SIDBI branches among others. The Finance Minister said these initiatives aim to enhance MSMEs' global competitiveness. Notably, MSMEs were also a part of the four major themes in this year’s Budget.

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‘Friendly fraud’ persists under the radar

CFO Dive

Fraud committed by customers threatens companies’ bottom lines and often goes unreported, experts say.

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The CFO’s role in bridging the value alignment gap

Future CFO

Chief financial officers at present play a vital role in aligning financial strategy with an organisation’s core values and culture. This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Judge deals major blow to SEC’s cybersecurity enforcement stance

CFO Dive

“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

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Navigating SBA EIDL Loans for Small Businesses in 2024

CSC Advisors

Your beloved local business in Florida has just sustained significant damage from a powerful hurricane. The relentless winds and torrential rains battered your premises, flooding the interior and ruining essential equipment. Known for your warm hospitality and essential services, your establishment faces an uncertain future. With repair costs far exceeding your savings, you desperately need financial solutions to rebuild, reopen quickly, and ensure your business thrives after the storm.

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The Mentoring Round | Shelagh Glaser, CFO, Synopsys

CFO Thought Leader

Inside The Mentoring Round , CFO Shelagh Glaser discusses how AI is transforming Synopsys Inc. at multiple levels, from accelerating engineering solutions to enhancing internal operations and forecasting. CFO Glaser also shares insights for new CFOs on how to navigate organizational dynamics in a remote work environment and preparing for market shifts. 1,018: From Complexity to Clarity: Simplifying Business Segments for Investor Insight | Shelagh Glaser, CFO, Synopsys The post The Mentoring Rou

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#FASuccess Ep 395: The Rise Of Bank Financing To Fund Independent Advisor Acquisitions And Succession Plans, With Dustin Mangone

Nerd's Eye View

Welcome back to the 395th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Dustin Mangone. Dustin is the Director of Investment Advisor Services of PPC LOAN, a firm based in The Woodlands, Texas that facilitates conventional bank loans to financial advisors. What's unique about Dustin, though, is how his firm allows financial advisors to tap into bank lending, an historically challenging source of debt capital for the advisory industry, to finance both RIA and in

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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Finance Minister announces abolishment of Angel Tax for all investor classes

CFO News

Having introduced by the government in 2012 to curb money laundering, Angel Tax has finally been abolished. Angel Tax refers to the tax provision under section 56(2)(viib) of the Income Tax Act, 1961, which imposes a tax on any excess premium received by a company from resident investors over the Fair Market Value (FMV) of shares issued.

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Effective Risk Management Strategies for Businesses

CFO Talks

A s a CFO in today’s dynamic business landscape, you are no stranger to the multifaceted nature of risk. The ability to identify , assess, and manage risks effectively is critical to safeguarding your organization’s financial health and ensuring sustainable growth. For CFOs in Africa, particularly in South Africa, the challenges can be even more pronounced due to unique regional factors.

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Budget 2024: Focus on employment, infrastructure, and economic stability, say Experts

CFO News

The Union Budget 2024 focuses on agricultural productivity, MSME support, capex investments, and skilling to address unemployment, while calling for enhanced FDI policies and improved ease of doing business to ensure inclusive and sustained economic growth. However, experts noted some areas were overlooked: the unchanged nominal GDP at 10.5% seemed conservative, education and health were underfunded, there was a need for a more aggressive approach to Ease of Doing Business, and MNCs' desire for

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Budget 2024 struck a fine balance, tax changes to spur consumption: Economists

CFO News

The Union Budget 2024 has been tabled today at the Parliament and mixed reactions across industries have started pouring in. Top economists of India believe that the change in income tax slabs along with the direct benefit transfer to first time workers, is likely to spur consumption, particularly for small ticket items. They also believe that the government’s efforts to reap India’s demographic dividend is visible in its push towards labour intensive production.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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Aiming for more overseas investments: Proposal to slash corp tax on foreign cos to 35% will motivate to set up permanent base

CFO News

India's finance minister has proposed a 35% reduction in the tax rate for foreign companies to attract more investment and boost foreign inflows. The move will benefit overseas companies looking to establish permanent branches and project offices for engineering, procurement, and construction contracts.

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Companies applaud Budget 2024 proposal to provide internships for one crore youth

CFO News

Finance minister Nirmala Sitharaman announced a groundbreaking internship scheme offering one crore youth opportunities in 500 top companies over five years. With a central outlay of Rs 2 lakh crore, interns will gain real-life business experience and receive Rs 5,000 monthly allowance. Experts and companies applaud the initiative for its potential impact on workforce development.

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Same same, but different: Budget 2024 is a 'government bachao' and prudent balancing act

CFO News

Nirmala Sitharaman's budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard deduction, tourism projects, buyback tax, flood protection, and highlights needed educational improvements.

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Budget 2024: Centre trims fiscal deficit target for FY25 to 4.9% of GDP, maintains fiscal consolidation

CFO News

“The fiscal consolidation path announced by me in 2021 has served our economy very well, and we aim to reach a deficit below 4.5 per cent next year,” stated Nirmala Sitharaman while presenting the Union Budget 2024 on Tuesday in Lok Sabha.

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How Top CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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Government Sets Nominal GDP Growth Target at 10.5% for FY25

CFO News

Finance Minister Nirmala Sitharaman sets a robust nominal GDP growth target of 10.5 per cent for FY25, emphasizing India's economic resilience amid global uncertainties and strategic policy effectiveness.

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Budget 2024: Major GST Highlights

CFO News

In her Budget speech today, Finance Minister Nirmala Sitharaman hailed GST as a monumental success, highlighting its impact in reducing the tax burden on citizens and streamlining compliance for businesses

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Budget 2024 Simplifies and Rationalizes Capital Gains Taxation

CFO News

In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman announced significant changes to the capital gains tax regime, aiming to simplify and rationalize the tax structure to benefit taxpayers.

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Budget 2024: Indirect Tax measures aim to boost domestic manufacturing and exports, says Nirmala Sitharaman

CFO News

Budget 2024 reduced customs duties on mobiles, critical minerals, and solar products. Tax cuts for key sectors like pharma, auto, and electronics promise to boost domestic manufacturing and exports.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a