Mon.Dec 11, 2023

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What to do When You Don't Know What to do – A CFO's perspective

CFO Selections

There's an interesting quote I hear quite regularly regarding how to act in times of strife or turmoil. The only way out is through." – Robert Frost If you think about it, it's a simple allegory for a moment when you may face a challenge, whether work, personal, or otherwise. Given that this is a business-related article, I'll limit my thoughts to the work environment, specifically examples facing business financial executives.

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Veradigm CEO, CFO asked to resign amid audit committee probe

CFO Dive

Veradigm appointed an interim CEO and CFO as it struggles to course correct in the midst of an ongoing audit and a shareholder complaint alleging it artificially inflated revenues for a two-year period.

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Trending Sources

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Retail Lobby: “We Lied About Organized Theft”

Barry Ritholtz

No, “ nearly half ” of $94.5 billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. Here’s Reuters : “The main lobbying group for U.S. retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.

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SEC busts pre-IPO fraud scheme that bilked 4,000 investors worldwide

CFO Dive

Swindlers made their false pitch of no upfront fees in podcasts and videos on Facebook, LinkedIn and other social media platforms, the SEC said.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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RBI MPC: India Inc CFOs exude confidence in stability, foresee robust demand ahead

CFO News

In its fifth bi-monthly monetary policy, the Reserve Bank of India (RBI) decided to keep the repo rates unchanged at 6.5 percent. ETCFO spoke with finance leaders to understand the impact of the pause and stable policy on India Inc's planning and demand.

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More Trending

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CFOStrategies: Sustaining Cash Flow Amidst Extended Festive Season for e-commerce Start-ups

CFO News

Indian e-commerce landscape presents an unprecedented opportunity for startups. By embracing market insights and deploying robust financial strategies, these startups can harness the prolonged festive fervor, sustaining their cash flow, and thriving amidst India's ever-evolving e-commerce panorama.

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CFO survey: Reflecting on 2023 to avoid surprises in 2024

CFO Dive

It’s a CFO’s job to avoid surprises and when they happen, to be ready with a plan to minimize their impact.

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Infosys CFO Nilanjan Roy resigns, Jayesh Sanghrajka to succeed

CFO News

Infosys announces Jayesh Sanghrajka as new CFO, succeeding Nilanjan Roy, who resigns after six years; Sanghrajka brings 25 years' finance expertise.

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4 keys to ensuring your travel and expense policy benefits your business

CFO Dive

By taking a digital approach to T&E management, CFOs gain more control over travel costs and other expenses.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Announcing More Webinars And IAR CE In 2024 And The State Of The (Nerd’s Eye View) Blog

Nerd's Eye View

For most financial advisors, 2023 was a year of rebound and reinvestment, as markets bounced back from the turbulence of 2022, and expanded profit margins allowed advisory firms room to reinvest back into the services and value they're providing clients to make sure their retention stays strong in the future. Here at Kitces.com, we've similarly been in the midst of a reinvestment process in 2023, setting the foundation so that we can give even more back to the Financial Advicer community, as we

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How CFOs can make travel & expense transformation a reality

CFO Dive

Modernizing T&E can deliver substantial benefits to organizations—including middle market companies.

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Treading along the propulsion of the digital payments system

Future CFO

In the US, the US Federal Reserve is set to introduce to the local market FedNow – an instant payment solution that will enable customers of participating banks and credit unions to instantly send and receive money transfers outside of traditional banking hours. In Asia, instant payment has been around for some time and has been instrumental in consumers, and some industry sectors, to return to a post-pandemic normal faster than may have been possible.

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Cloud customers undeterred by cost, billing complexity

CFO Dive

Most companies are satisfied with their primary provider, Forrester research found. But compliance, resilience and flexibility are luring them to multicloud.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Utilising automation for staff engagement, retention

Future CFO

Finance leaders must recognise the opportunity posed by automation in staff engagement and retention as this can be key for maximising talent, thereby driving in more revenue for the organisation. The following are ways a finance leader can help staff through leveraging automation : Reduce manual data entry. In utilising automation to link returns using a tax ID number, an organisation's staff doesn’t have to make the same changes across multiple documents.

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RIL, Disney ready term sheet to merge India operations

CFO News

The plan, as of now, is to create a step-down subsidiary of RIL’s Viacom18, which will absorb Star India via a stock swap, said the people cited above. Reliance is pitching to be the larger shareholder with at least 51% in the merged company with Disney owning the residual 49%, they said. Both businesses are being treated as similar-sized ones, so RIL is likely to pay cash for the controlling stake.

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Shifts in the CFO role in the retail sector

Future CFO

The CFO role has been seeing shifts in the retail industry recently, as the position is seemingly no longer tied to the finance function per se, according to Ernst & Young. A recent panel discussion among retail CFOs revealed a sharp focus into the changing landscape of the profession as it now encompasses technology integration, strategic innovation, and adapting to shifting consumer behaviours.

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Just one in 10 executive directors is a woman: Study

CFO News

This compares with a higher proportion of women as independent directors, which stand at 27%, primarily due to the regulatory mandate of at least one independent woman director on a listed board, according to Russell Reynolds Associates NSE Top 200 board analysis based on data collected from PRIME database.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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The top risks for 2024

Future CFO

When it comes the top risks for 2024, economic conditions and inflationary pressure emerge as the top near-term concerns for the year, said Protiviti recently when releasing results of a survey conducted together with the NC State University Poole College of Management's Enterprise Risk Management (ERM) Initiative. The survey collected responses from more than 1,100 board members and C-suite executives from organisations worldwide in a variety of industries, the firm noted.

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Time ripe for Indian companies to play offensive globally: FICCI Chief Anish Shah

CFO News

India Inc is well poised with continued growth momentum and armed with robust balance sheets, it can go out and play offense across the world, Federation of Indian Chambers of Commerce & Industry (Ficci) president Anish Shah said on Monday.

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Unlocking Financial Success: How Fractional CFOs Transform Businesses

CFO Network

Unlocking Financial Success: How Fractional CFOs Transform Businesses In the current landscape, businesses increasingly opt for lean and agile operations, fostering a burgeoning market for expert support in non-full-time equivalent roles within startups and small to medium enterprises. This trend, coupled with the rise in self-employment and advancements in technology enhancing task efficiency, allows companies to access targeted professional assistance at a fraction of the conventional cost.

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Indian economy has ability to sustain fast growth despite global turmoil: Finance Ministry

CFO News

Minister of state for finance Pankaj Chaudhary also said India's economic growth of 7.6% in the second quarter of FY24 beat the most optimistic projections. “The real GDP growth in Q2 of 2023-24 was not only higher than the median projections of 6.8% by professional forecasters but also their highest estimate of 7.4%," Chaudhary said.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Streamlining FP&A: An in-depth look at Jirav alternatives

Cube Software

Why Jirav? When it comes to FP&A software, Jirav stands out with its cloud-based business planning capabilities, designed to aid financial teams in creating accurate forecasts, gaining sales insights, and reporting on financials for driving growth.

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Angel funds may soon get to invest more in startups boosting system

CFO News

The government and the capital market regulator may take a relook at the maximum investment that an angel fund can make in a single company. At present the investment limit, capped at ₹10 crore, may be at least doubled, according to fund and startup industry circles.

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The evolution of the CFO role

Future CFO

Undeniably, the role of the chief financial officer has evolved over the past few years as the market steers toward changing priorities, especially following the pandemic. Businesses have dived deeper in other areas of focus such as environmental, social, and governance (ESG) goals and digital transformations. ESG Initiatives: ESG initiatives are no longer confined to the periphery of corporate strategies ; they are integral components shaping organisational direction.

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RBI unlikely to ease policy rates in 2024: Axis Bank

CFO News

Axis Bank predicts that the RBI will not reduce rates in 2024 due to volatile food prices and rising global prices. The bank predicts that food inflation will remain volatile, with supply shocks and erratic monsoons contributing to the situation. Despite export restrictions on wheat and rice, rising global prices have affected local prices, increasing the risk of entrenching inflation expectations.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.