Mon.Jun 24, 2024

article thumbnail

AI-Driven Efficiency: The fusion of digital twins, process intelligence and process mining

CFO Dive

To capitalize on the potential of AI in the business world, companies must address the challenge of deriving meaningful insights from their data.

261
261
article thumbnail

Generative AI is a game changer

Future CFO

It took me years to be skilled in financial planning and analysis. Not every finance professional can be sharp enough to detect key highlights and provide analysis for the financial statements. The basic concepts I always hold on to when it comes to financial statement analysis are as follows: The financial statements should tell the story of the period.

Auditing 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Closing the risk talent gap: Getting the C-suite on the same page

CFO Dive

Finance, technology and risk executive leaders must be aligned to properly manage complex market, credit and operational risks, Selby Jennings’ Ben Hodzic said.

Finance 284
article thumbnail

Promoting The Financial Advice Industry ‘Sport’ Positively To Build Trust In The Client ‘Fan Base’

Nerd's Eye View

The requirements to run a successful, growing advisory firm are often less about doing the technical work with clients and more about marketing value to get prospects in the door in the first place. Yet, many firms' prospecting strategies have often relied on individual advisors being able to bring business to the firm instead of actively shaping and promoting the firm's own reputation.

article thumbnail

Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

article thumbnail

Restatements decline, with small companies more prone to error: CAQ

CFO Dive

The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

Auditing 261

More Trending

article thumbnail

Supreme Court ruling douses repatriation tax refund hopes

CFO Dive

The court affirmed the constitutionality of the one-time Mandatory Repatriation Tax on income from investments in foreign corporations.

article thumbnail

Mastering data management to maximise AI, ML

Future CFO

Taking charge of data is a key factor in making financial planning software artificial intelligence and machine learning ready, according to Gartner, Inc. Although these technological advancements have been no doubt the talk of the town for a while now, finance leaders are still prone to doing some things wrong. Matthew Mowrey , senior director analyst at Gartner, says finance leaders pursuing AI and ML, along with advanced analytics, tend to zero in too much on the distant promise of what techn

Finance 59
article thumbnail

Pigment Software Reviews

The Finance Weekly

An enterprise-grade business planning platform, Pigment was designed to assist businesses in budgeting, forecasting, modeling data, and generating reports to support financial decision-making. Top enterprise companies such as Klarna, Figma, Airtable, PVH, and Webhelp rely on Pigment to help them make confident, informed decisions. This software aims to enable FP&A and revenue teams to improve collaboration and align financial and operational plans, all while scaling reporting and data manag

article thumbnail

Stevens Mwanje: The Crucial Role of CFOs in Shaping Africa’s Business Landscape

CFO Talks

Stevens Mwanje: The Crucial Role of CFOs in Shaping Africa’s Business Landscape Introduction In a recent discussion on the CFO Club podcast, Stevens Mwanje, CFO at the National Security Fund of Uganda, shared invaluable insights into the evolving role of CFOs in today’s dynamic business environment. Hosted by Nicolaas van Wyk, editor for CFO Club and CEO of the Chartered Institute of Business Accountants, this conversation highlighted the transformative journey of modern CFOs in Africa.

CFO 52
article thumbnail

Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

article thumbnail

Most Valuable Companies in the World

The Finance Weekly

The race for the title of the world's most valuable company was a tumultuous one, primarily involving tech giants Microsoft and NVIDIA. On June 21, 2024, Microsoft regained its position at the top with a market capitalization of $3.342 trillion, followed closely by Apple at $3.181 trillion and NVIDIA Corporation at $3.113 trillion. This shift occurred after NVIDIA, which had briefly held the top spot since June 18, 2024, saw its market value plummet by more than 3%, driven by a massive

article thumbnail

The process of buying a company: the indicative offer

One to One

In the process of buying a company, the indicative offer is very important when setting a price.

52
article thumbnail

Advanced Manufacturing Venture Capital Report – 2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the “Advanced Manufacturing Venture Capital Report – 2024”. The report is part of the “FCF DeepTech Series”, which is a quarterly series of reports tracking European. Read more The post Advanced Manufacturing Venture Capital Report – 2024 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

GST council refers Par panel recos to cut GST on fertiliser to Group of Ministers

CFO News

Talking to reporters after the 53rd GST council meeting, Keshav said the proposal to reduce the GST rate on fertilisers has been referred to the Group of Ministers (GoM). The issue of further reduction of tax on fertilisers was placed before the GST council in its 45th and 47th meetings held in September 2021 and June 2022, though the council did not recommend any change in rates.

40
article thumbnail

What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

article thumbnail

1,011: Balancing Agility and Structure for Strategic Growth | Carol Lee, CFO, LogicMonitor

CFO Thought Leader

Beginning her career as an analyst, Carol Lee honed her technical skills both in pre-revenue start-ups and a multinational corporation with over $10 billion in revenue. These contrasting environments, she tells us, equipped her with a unique perspective on what it takes to be both scrappy and scalable. read more Early in her career, Lee immersed herself in M&A activities, gaining insights from both the buy and sell sides.

CFO 40
article thumbnail

Banks in a GST fix over RBI's directive to levy penal charges

CFO News

The Reserve Bank of India's directive to levy penalties only in the form of 'penal charges' is posing a tax dilemma for banks. Banks fear that the indirect tax on such levies would attract the goods and services tax (GST). The new rule, which came into force from April 1, 2024, was brought in by the central bank to ensure "reasonableness and transparency" in disclosure of penal interest.

Banking 40
article thumbnail

Income tax relief: Budget 2024 may increase standard deduction under new income tax regime

CFO News

Will Budget 2024 increase standard deduction: The Finance Minister in the 2023 Budget included a standard deduction of Rs 50,000 for salaried taxpayers and individuals getting pensions in the new tax regime. This standard deduction was made the automatic choice, unless taxpayers chose not to take it.

article thumbnail

Nearly nine in 10 recruiters use AI for sourcing candidates: Survey

CFO News

India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.

article thumbnail

Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

Amid outflow fears, RBI reviews LCR by carrying out special audits with banks

CFO News

Recently, the Reserve Bank of India conducted special audits with banks to verify their holdings of eligible securities for maintaining the liquidity coverage ratio (LCR). This action coincides with the central bank's apprehension regarding potential sudden withdrawals via digital banking channels. Introduced post the 2008 global financial crisis, LCR mandates banks to retain specified amounts of government bonds that can be quickly sold to manage a theoretical 30-day stress period featuring sig

article thumbnail

Sebi weighs tighter checks for stocks at F&O entry gate

CFO News

In its June 8 consultation paper, Sebi had sought feedback from market participants for its plan to revise the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.

article thumbnail

Flipkart explored a deal with Swiggy for a pie of quick commerce

CFO News

Eight to ten months ago, discussions about a potential investment by Flipkart in Swiggy, two of India's biggest internet companies in the consumer sector, were underway. This potential alliance was driven by the changing landscape of the market, particularly the rise of quick commerce. However, due to disagreements on valuation, the talks ultimately fell through.

article thumbnail

Prosus writes off its 9.6% stake in India's Byju's

CFO News

BYJUS-INDIA-Prosus writes off its 9.

40
article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

Reliance Capital lenders set out conditions to grant extension to Hindujas

CFO News

Lenders of Reliance Capital, promoted by Anil Ambani, have submitted an affidavit to the bankruptcy court stating conditions for granting a 90-day extension to the winning bidder, a Hinduja Group entity. The extension would require depositing Rs 2,750 crore into a lender's escrow account and paying 12% interest on the Rs 9,660-crore offer. The National Company Law Tribunal is scheduled to consider Hinduja Group's plea for the extension on Tuesday.

article thumbnail

5G auction: All you need to know about Rs 96,000 crore spectrum battle

CFO News

5G auction: India is gearing up for its latest 5G airwaves auction starting Tuesday, valued at over Rs 96,000 crore. Telecom giants like Reliance Jio, Bharti Airtel, and Vodafone Idea will compete for crucial radio frequencies essential for 5G services. The previous auction in August 2022 set a record with the government earning Rs 1.5 lakh crore.

40
article thumbnail

Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility

CFO News

Domestic auto makers like Maruti Suzuki, Hero MotoCorp, and TVS Motor are seizing the export opportunity in the electric vehicle market. Maruti Suzuki is set to export its first electric SUV to Europe, Hero MotoCorp is launching its VIDA V1 electric scooter in European countries, and TVS Motor is expanding to the European Union with its electric scooter iQube.

article thumbnail

RBI appoints additional director for Bandhan Bank

CFO News

The move is likely to guide the bank in succession planning. Bandhan Bank’s founder MD & CEO Chandra Shekhar Ghosh’s tenure will on July 9 while the bank is yet to appoint its next CEO. Singh is former chief general manager of RBI.

Banking 40
article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.