Fri.Jul 26, 2024

article thumbnail

7 CFO tips for yielding high ROI during the rush into generative AI

CFO Dive

Financial executives willing to chance big spending on generative AI can take steps to reduce risk and seize the payoffs.

CFO 331
article thumbnail

Experiential Shopping and the Role That Omnichannel Retail Solutions Play

Navigator SAP

As a man of the Millennial generation, I rarely visit brick-and-mortar retail stores. But there I was at a shoe store in New York City because Nike was letting me design a custom red shoe via its Nike by You retail program. I was making the shoe through Nike’s website, but I was getting ideas and visualizing how my creation would look through virtual reality technology at one of the company’s brick-and-mortar stores.

Retail 200
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

Zelle, big banks challenge senators on scam reimbursements

CFO Dive

Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.

Banking 261
article thumbnail

Best Treasury And Cash Management Providers 2024: Systems And Services

Global Finance

Treasury keeps up with the dynamic payments environment. As the dynamic payments landscape presents both challenges and opportunities for corporate treasury, it’s unsurprising that financial institutions are finding new ways to help treasurers leverage new payments trends to improve efficiency, manage risk, and support business growth. Banking Circle is the winner of our award for Best Embedded Treasury Solution, providing the core financial infrastructure that allows businesses to build and off

article thumbnail

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.

article thumbnail

Weekend Reading For Financial Planners (July 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 Charles Schwab's latest RIA benchmarking study shows that firms saw significant AUM growth in 2023, thanks in part to strong equity market performance, but also thanks to organic growth initiatives that brought in additional assets from new and existing clients.

More Trending

article thumbnail

Top Five Questions Clients Are Asking About RevRec and Quote-to-Cash

Bramasol

In addition to highlighting trends such as the Digital Solutions Economy (DSE), industry-focused solutions, and SAP initiatives like artificial intelligence and S/4HANA cloud, this Insights Series will also periodically provide answers to the top questions that we hear from our clients and partners. In this episode, we dive into five issues that are at the heart of optimizing Quote-to-Cash to Compliance with SAP Revenue Recognition and subscription management applications, including complex bund

SAP 79
article thumbnail

Citadel’s Acquisition Boosts Power Market

Global Finance

In July, US global investment company and hedge fund, Citadel LLC, and Japanese energy startup, Energy Grid, announced their intent to enter a strategic partnership. Details of the deal were undisclosed, though it represents the first major step into Japan’s wholesale energy market by the Miami-based firm. The deal comes in the wake of Citadel CEO Ken Griffin’s bullish statements on Japan back in June 2023 and Citadel’s reopening of an office in Tokyo (the firm originally closed its Tokyo office

article thumbnail

Corporate Insights: Navigating through Budget 2024

CFO News

In their latest analysis, Rakesh Nangia, Non-Executive Chairman, and Sandeep Jhunjhunwala, Partner at Nangia Andersen LLP, dissect Budget 2024’s strategic moves towards a "Viksit Bharat" and its economic implications.

article thumbnail

Best Treasury And Cash Management Providers­ 2024: Western Europe

Global Finance

Banking partners help optimize cash flow and protect its value. Faced with high interest rates and inflation, companies in Western Europe are turning to their banking partners to find ways to optimize cash flow and protect its value. Societe Generale , our winner this year as Best Bank for Transaction Banking, has developed a Sustainable GTB (global transaction banking) Framework—one of the first dedicated to asset-based GTB solutions—to enhance the ability of the bank and its clients to assess

article thumbnail

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.

article thumbnail

Budget 2024: Proposal to insert Section 11A in GST Act aimed at exceptional cases only, says Revenue Secretary

CFO News

The Budget 2024 proposal to insert Section 11A in the GST Act aims to resolve legal ambiguities, ensuring it is used only in exceptional cases, said Revenue Secretary Sanjay Malhotra.

article thumbnail

Best Treasury And Cash Management Providers 2024: Middle East

Global Finance

Balancing global trends with regional specificities requires an understanding of the underlying dynamics to navigate potential challenges in this ever-changing region. It requires a keen understanding of the best technological tools to automate tasks and improve efficiency. Rapid treasury transformation has been afforded a boost thanks to the regional drive for real-time payments and application programming interfaces (APIs).

article thumbnail

Fed seen on track for September rate cut after good inflation data

CFO News

The Federal Reserve has seen encouraging signs of decreasing inflation, sparking hopes for a potential interest rate reduction by September. June's PCE price index showed a minor rise, indicating progress toward the Fed's 2% inflation target.

45
article thumbnail

Best Treasury And Cash Management Providers 2024: Africa

Global Finance

African banks are empowering clients with greater access to real-time data and greater control over their cash. A fragmented regulatory environment, uneven access to financial services, a shallow pool of readily available funds, and currency controls and limitations in some African markets can lead to trapped cash. This diversity of problems challenges companies to manage their cash flow effectively, elevating the need for data insights on cash flows to create more-accurate forecasts; requiring

article thumbnail

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.

article thumbnail

Big GST relief in budget 2024: No need to pay interest and penalty for these GST notices

CFO News

Budget 2024: Relief for GST registered individuals and companies. "The waiver of interest and penalties for tax disputes faced by genuine taxpayers will reduce the financial burden on taxpayers, particularly benefiting small businesses and individual taxpayers who may face cash flow constraints and cannot really afford to litigate," says Siddharth Surana, Director, RSM India.

article thumbnail

Best Treasury & Cash Management Providers­ 2024: Asia-Pacific

Global Finance

Protecting profits across the board. In the Asia-Pacific region, geopolitical risks and supply chain diversification require contingency planning by corporates, and banking partners who can help treasurers mitigate foreign exchange risk to protect profit margins. “Businesses navigate an increasingly complex environment and confront a shift in trade patterns and supply chains across Asia,” says Lim Soon Chong, group head of Global Transaction Services at DBS, Global Finance ’s winner both as Best

article thumbnail

Budget 2024: No GST demand notice to be issued beyond 42 months from the due date of filing annual return; Know how it will help you

CFO News

GST: Now demand notices of GST cannot be issued beyond 42 months from the due date of filing GST annual return. Moreover, GST demand orders now have to be issued within 12 months from the date of GST demand notice. Know how this Budget 2024 amendment helps you in GST cases.

article thumbnail

Best Treasury And Cash Management Providers 2024: Global Winners

Global Finance

Staying ahead of the cash management game is vital for treasurers facing multiple challenges, such as economic and political uncertainties, and our award winners are best positioned to do just that. Modern treasuries face a diverse array of demands, such as real-time payments, high inflation and interest rates, and new compliance and sustainable finance obligations.

article thumbnail

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.

article thumbnail

Angel Tax scrapped: FM Sitharaman explains the rationale behind removing the decade-old tax

CFO News

The Union Budget 2024 brought respite for venture investors as it abolished the decade-old Angel tax. When asked about the reason behind the move, Sitharaman said that it was one of the many steps Centre took to help Indian startups thrive. This move, however, leaves those pending to pay their previously due angel taxes in a tough spot. Sitharaman has stated that the government is working to 'sort this out'.

article thumbnail

Best Treasury And Cash Management Providers­ 2024: Latin America

Global Finance

Despite a generally positive outlook, foreign exchange risks remain. Forecasts from the US Federal Reserve signaling just one modest cut this year will have far-reaching implications on how US-headquartered corporations with Latin American subsidiaries manage their liquidity flows. Although nearshoring has been a boon for Mexico, and the outlook is generally positive, risks in foreign exchange and commodity markets persist and require companies to partner with banks having regional expertise and

article thumbnail

Sebi bars Mallya from accessing securities market for 3 years

CFO News

Sebi's investigation is based on the findings of Financial Conduct Authority, its counterpart in UK, for the period from January 1, 2006 to March 31, 2008.

article thumbnail

Best Treasury And Cash Management Providers­ 2024: North America

Global Finance

Partnering with banks for expertise and resources to hold on to the competitive edge. Payments innovation creates both opportunities and challenges for US treasurers; and understanding how to optimize liquidity and bring about greater operational efficiency with the ever-evolving transformations in real-time payments, open banking, and embedded finance lies at the heart of treasury’s future.

article thumbnail

Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

DPIIT recognises 1.40 lakh entities as startups as on June 30

CFO News

The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,40,803 entities as startups as of 30th June 2024 said Minister State for Commerce and Industry minister Jitin Prasdada in a written reply to the Rajya Sabha. The minister also informed under the Startup India Seed Fund Scheme, Rs 90.52 crore was approved to startups by incubators as of June 30 as against Rs 186.19 crore in 2023.

article thumbnail

Best Treasury And Cash Management Providers 2024­: Central And Eastern Europe

Global Finance

Companies operating in Central and Eastern Europe (CEE) continue to face unique challenges when it comes to cash management, due to a mix of economic development and regional variations. Inconsistencies between standardized payment systems among EU members and ad hoc systems used by non-EU members have resulted in fragmented receivables scenarios, where payment collections remain complex owing to the differences in payment practices across the region.

article thumbnail

India will not sign global tax deal until its concerns are addressed: Revenue Secy Sanjay Malhotra

CFO News

The so-called "Pillar 1" arrangement, part of a 2021 global two-part tax deal, aims to replace unilateral digital services taxes (DSTs) via a new mechanism to share taxing rights on multinational companies, such as U.S. tech giants Alphabet's Google and Amazon and Apple.

40
article thumbnail

Yes Bank in stake sale talks to give exit to its lenders

CFO News

"Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks," managing director and chief executive Prashant Kumar told ET in an exclusive interaction.

Banking 40
article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.