Fri.Jan 17, 2025

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Burdened by Business Complexity?

Navigator SAP

If this story sounds even vaguely familiar, it is time to consider SAP S/4HANA Cloud Public Edition and help from Navigator Business Solutions.

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Mattel launches hunt to replace retiring CFO

CFO Dive

The El Segundo, California-based toy maker said it has increased “efficiencies” with over $400 million in cost savings during CFO Anthony DiSilvestro’s tenure.

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Trending Sources

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MiB: Jonathan Clements on Why Dying is Hard Work

Barry Ritholtz

This week, we speak with Jonathan Clements. He has been a personal finance reporter at the Wall Street Journal for over twenty years and has written more than 1,000 columns. He discusses how he became a financial journalist, and eventually Director of Financial Education for Citi Personal Wealth Management. Last summer, Jonathan received a terminal diagnosis and announced it at his site and on social meda.

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SCOTUS rejects higher standard for overtime exemptions

CFO Dive

The ruling is a “win” for businesses and “sets a consistent national standard under the Fair Labor Standards Act,” attorneys at Fisher Phillips wrote.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Data Update 2 for 2025: The Party Continued (for US Equities)

Musings on Markets

In my last post , I noted that the US has extended its dominance of global equities in recent years, increasing its share of market capitalization from 42% in at the start of 2023 to 44% at the start of 2024 to 49% at the start of 2025. That rise was driven by a surge in US equity values during 2024, with the S&P 500 delivering returns of close to 25%, all the more impressive, given that the index delivered returns in excess of 26% in 2023.

More Trending

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train reads: The Plethora of Unknowns Means Questions for Bond Investors in 2025 : Private and global credit offerings could provide diversification as debt markets deal with political and policy uncertainty. ( Chief Investment Officer ) After a Great Run for Stocks, Be Ready for Something Different : Sizzling returns may well continue, but our columnist suggests that it would be wise to prepare for the next storm. ( New York Times ) Mega Cap World Domination :Markets a

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What India Inc wants from the Union Budget 2025

CFO News

Industry leaders highlighted the need for reforms to boost economic activity, create jobs, and align with long-term growth objectives, while addressing global headwinds and domestic challenges.

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SEC general counsel, chief economist latest to follow Gensler to exit

CFO Dive

The agency’s chief of staff and director of policy are among other leaders who have announced their departures just days ahead of Donald Trump’s inauguration.

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Over 60% of employees report "unhappy leave" enhances productivity, survey finds

CFO News

A recent survey conducted by Side Hustles on 500 employees and 500 managers reveals that 3 in 5 employees have taken unhappy leave within the past year, with millennials leading the charge at 60% and over 60% of employees reporting improved productivity after taking time off. Around 75% of managers have also favoured unhappy leave for their teams, citing its importance for employee retention and engagement.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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2 SaaS Metrics Every Software-as-a-Service (SaaS) Firm Must Master

Driven Insights

Lets face it: As the CEO or leader of a growing Software-as-a-Service (SaaS) business, you have your hands full. Whether youre busy acquiring customers, onboarding new customers, retaining existing customers, hiring to meet anticipated demand, managing your board or striving to keep investors happy, chances are good youre managing an ever-growing and increasingly challenging list of priorities.

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IMF projects India growth to be solid at 6.5 pc in 2025 and 2026

CFO News

In India, the economic growth is projected to be solid at 6.5 per cent in 2025 and 2026, as projected in October and in line with potential, the International Monetary Fund (IMF) has said in its latest World Economic Outlook (WEO) update.

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How ESG will accelerate growth in Indian companies

CFO News

As per KPMG in Indias 2024 India CEO Outlook, CEOs in India and across the world are taking a long-term view on ESG investments, with many expecting significant returns within five to ten years.

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In big relief for telcos, govt weighs Rs 1 lakh crore AGR dues waiver

CFO News

The government is considering waiving 50% interest and 100% penalties on AGR dues for telcos like Vodafone Idea and Bharti Airtel. This potential relief, offering over 1 lakh crore in financial aid, aims to maintain competition in the telecom sector, impacted by the 2019 Supreme Court ruling.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Kotak Bank Q3 Preview: NII may grow 9-11% YoY, provisions likely to rise in double-digits

CFO News

Kotak Mahindra Bank is likely to report a quarter-on-quarter decline in net interest margin (NIM) due to weaker CASA. Provisions are expected to rise in double digits YoY and sequentially, driven by higher delinquencies in unsecured retail and MFI. The bank will announce its Q3 earnings on Saturday, January 18.

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Budget Session from January 31; Bill to overhaul income tax on agenda

CFO News

The Budget Session of Parliament is scheduled from January 31 to April 4, 2025, starting with the President's address and the economic survey. Key highlights include the presentation of a new Direct Tax law and the Union Budget, along with other important legislative agendas.

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Divestment, asset monetisation target for FY25 may be cut 40%

CFO News

The government is likely to reduce its disinvestment and asset monetisation target to less than 30,000 crore this fiscal from the budgeted 50,000 crore. For the next fiscal, the target may be set at 45,000-50,000 crore. The sale of 30.48% stake in IDBI Bank could fetch 27,544 crore based on current share prices.

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Big relief for GST taxpayers: Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GST

CFO News

GST Arrest: Now a GST registered person can't be arbitrarily arrested and also coerced into admitting GST tax demand liability. This is because CBIC has amended the arrest and bail guidelines and now the GST officer has to give a detailed copy of the ground of arrest to the GST registered person being arrested. Experts say this will end coercion by field formations.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Over 80% of India Inc favours PM's internship scheme: Report

CFO News

There is widespread support for expanding the Prime Minister's Internship Scheme 2024, with 81 per cent of companies advocating for its extension to all corporates, said a TeamLease EdTech's report "From Learning to Earning: The Role of CSR in Transforming Education into Employability"

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IIFL Finance also taps global debt markets

CFO News

IIFL Finance raised $325 million at 8.75% for a 3.5-year bond, joining Tata Capital and Vedanta Resources in tapping global debt markets this week. This move reflects strong investor interest in India's financial sector, helping IIFL Finance diversify funding sources amidst domestic liquidity constraints. Over 55% of subscribers were US investors.

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Union Budget 2025: What India Inc needs to drive growth amid global challenges

CFO News

Union Budget 2025 aims to boost economic momentum amid global uncertainties by focusing on employment-intensive sectors, simplifying tax compliance, incentivizing manufacturing and innovation, enhancing R&D, and prioritizing capital expenditure. Initiatives for reducing tax litigation and promoting cross-border M&A are also considered to drive growth.

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Sebi bars Pacheli Industrial Finance, 6 others for alleged financial misconduct

CFO News

Sebi bars Pacheli Industrial Finance and six other entities from the securities market due to alleged financial irregularities and stock manipulation. Loans reportedly worth Rs 1,000 crore were converted into equity through sham transactions, inflating PIFL's market capitalisation from Rs 40 crore to over Rs 4,000 crore.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Weaker rupee to push India's import bill: GTRI

CFO News

The depreciating rupee will elevate India's import bill due to higher costs for vital commodities and machinery. Despite conventional wisdom suggesting a weaker currency boosts exports, India's decade-long data reveals significant export growth in high-import sectors like electronics, while low-import, labour-intensive sectors like textiles decline.

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Cipla Limited faces ₹9.77 cr penalty from GST authority

CFO News

Cipla Limited has received a demand order from the GST Authority, imposing a penalty of 9,77,24,792 for inadmissible ITC and delayed payment timelines under GST provisions. The company plans to challenge the order, stating it is arbitrary and unjustified, with no material impact on their financials or operations.

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New jobs on the rise in 2025 as 82% of working professionals seek out opportunities

CFO News

Job seekers in India face a challenging 2024 labour market, with high competition. New roles such as Aircraft Maintenance Engineer and Robotics Technician are emerging, reflecting industry trends. 82% of professionals plan to search for jobs, though many find it harder. LinkedIn advises keeping profiles updated, emphasizing adaptability, and focusing on new skill development to enhance job prospects.

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BPCL ties Rs 31,802 cr funds for Bina refinery expansion, petchem project

CFO News

BPCL has secured financial closure for its Bina refinery expansion cum petrochemical project with a Rs 31,802 crore loan from a consortium led by SBI. The Rs 48,926 crore project will increase refinery capacity and produce key petrochemicals, creating significant employment and reducing import dependence, aligning with India's industrial strategy.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic