CFO Dive

JULY 26, 2024

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

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Navigator SAP

JULY 26, 2024

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.

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CFO Dive

JULY 26, 2024

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

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Banking 202

Global Finance

JULY 26, 2024

In an impressive turnaround, the Czech Republic’s consumer price index has sunk from a hefty 17.5% in February of last year to 2%—the Czech National Bank’s target—in June of this year. It’s the biggest percentage drop in inflation in the developed world since the beginning of 2013. Since assuming office at the peak of the republic’s inflation crisis in 2022, CNB Governor Aleš Michl has been implementing a unique and rather unorthodox strategy to combat price hikes.

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Banking Communication Finance Numbers 105

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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.

Concentration

Nerd's Eye View

JULY 26, 2024

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.

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Benchmarking Communication Advertising Compliance 98

Bramasol

JULY 26, 2024

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

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Global Finance

JULY 26, 2024

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

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Cash Management Treasury Foreign Exchange Banking 52

CFO News

JULY 26, 2024

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.

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Global Finance

JULY 26, 2024

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.

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Cash Management Treasury Currencies Banking 52

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

Compliance

CFO News

JULY 26, 2024

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.

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Budgeting 45

Global Finance

JULY 26, 2024

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

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Cash Management Treasury Foreign Exchange Concentration 52

CFO News

JULY 26, 2024

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.

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Global Finance

JULY 26, 2024

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).

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Cash Management Treasury Cash Flow Forecasting Forecasting 52

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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.

Finance

CFO News

JULY 26, 2024

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.

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Budgeting 40

Global Finance

JULY 26, 2024

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

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Cash Management Treasury Reconciliations Currencies 52

CFO News

JULY 26, 2024

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.

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Budgeting 40

Global Finance

JULY 26, 2024

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

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Cash Management Treasury Foreign Exchange Concentration 52

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.

CFO

CFO News

JULY 26, 2024

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'.

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Budgeting Startups 40

Global Finance

JULY 26, 2024

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

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Cash Management Treasury Foreign Exchange Banking 111

CFO News

JULY 26, 2024

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.

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Startups 40

Global Finance

JULY 26, 2024

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.

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Cash Management Treasury Compliance Banking 52

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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.

Startups

CFO News

JULY 26, 2024

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.

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Global Finance

JULY 26, 2024

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.

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Cash Management Treasury Restructuring Reconciliations 52

CFO News

JULY 26, 2024

"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.

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CFO News

JULY 26, 2024

The global shipping industry faced significant challenges, with spot freight rates increasing by around 105% in three months. Companies like Bajaj Auto and CEAT experienced disruptions similar to the pandemic era, highlighting severe container shortages affecting various sectors, including agriculture and automotive.

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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

Finance