Fri.Oct 04, 2024

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Inflation, interest rates continue to drive big business bankruptcies

CFO Dive

The services, manufacturing, finance and real estate sectors are among the industries experiencing higher levels of financial distress, according to Cornerstone.

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Drive Smart Manufacturing with SAP S/4HANA Cloud Public Edition

Navigator SAP

Manufacturers are buffeted by a range of challenges today. From supply chain issues and the rising cost of raw inputs to labor shortages and technological change, there are many issues to keep management up at night. But smart manufacturing and core enabling technologies such as SAP S/4HANA Cloud Public Edition can help.

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Trending Sources

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What must-have AI skills do finance execs need? First, dig in.

CFO Dive

CFOs don’t need to code AI themselves, but they do need to try it out and learn how it can be applied to their individual situations, consultants say.

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NFRA warns auditors on negligence in audit of group financial statements, says must comply with SA 600 and Companies Act

CFO News

The NFRA's findings are linked to investigations of large corporations, including Reliance Capital, Reliance Home Finance, Dewan Housing Finance, Coffee Day Enterprises, and IL&FS.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Jack in the Box controller takes third spin as interim CFO

CFO Dive

For her third go-round as interim CFO, Jack in the Box controller Dawn Hooper will see a $19,500 monthly boost to her annual salary, the company said.

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More Trending

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Hurricane Helene aftermath prompts card, cash troubles

CFO Dive

After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

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GST panel deliberates on lowering rate on health insurance, tractors

CFO News

As the government focuses on GST 2.0 which further eases tax laws, enhance tax simplification and adoption of technology, the ministerial panel tasked to rationalise rates is deliberating on lowering GST on essential items like health insurance and tractors up to 5 per cent.

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Weekend Reading For Financial Planners (October 5–6)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey from Charles Schwab indicates that advisors see technology as the biggest driver of change in the RIA industry, with the growing number of AdvisorTech solutions as the most frequently cited tech-related driver of change.

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MiB: Vincent Aita of Cutter Capital on the DNA of Biotech Investing

Barry Ritholtz

 This week, we speak with Vincent Aita, Founder and CIO of Cutter Capital Management. Prior to founding Cutter Capital in November 2022, Vincent spent time as a Senior Analyst for Millennium Partners and a Portfolio Manager at Citadel. He also received a Ph.D. in molecular genetics from Columbia University. We discuss the launch of Cutter Capital and how he managed to combine a love for genetics and business into a successful career.

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Navigating the Tech Financial Landscape

CFO Plans

In the whirlwind world of tech, where every day is a new adventure in innovation, sticking to old-school bookkeeping is like using a typewriter in a world of tablets. Tech companies crave more than just the basics—they need a financial sidekick that understands their ever-changing nature. Start Optimizing Your Financial Strategy Today with efficient bookkeeping services and strategic services that go beyond what your in-house team can offer.

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From Unsolicited Offer to Successful Sale: The Power of an Exit-Ready Advisory Team

Focus CFO

It sounds like a dream scenario: A potential buyer sees opportunity and value in your business and presents you with an offer to buy what you’ve built.

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"Optimism around India not a coincidence, but due to reforms": PM Modi at Kautilya Conclave

CFO News

"This conclave is being organised at a time when there is a war situation in two big regions of the world. Both these regions are very important for the global economy, especially energy security.

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India, EU in negotiations as October deadline on oversight looms

CFO News

Indian and European regulators are working to resolve clearing house oversight issues. If not resolved by October's end, European banks must set up provisions with Indian custodians. This dispute, triggered by ESMA’s withdrawal of recognition from Indian CCPs, might disrupt significant trading. Talks continue in a constructive manner with potential solutions being explored.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Indian venture capital firms are increasingly hiring more women

CFO News

Venture capital firms like Blume Ventures, Lightspeed India, and Bertelsmann India Investments are actively increasing female representation across their teams. They believe that diverse perspectives lead to better investment decisions and sustainable business growth, with specific recruitment strategies aimed at leveling the playing field for women in the VC ecosystem.

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US-China trade war escalation may help Indian exports: GTRI

CFO News

Escalating US-China trade tensions could boost India's exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products.

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Public Accounts Committee calls SEBI chief on Oct 24 amid Adani-Hindenburg row

CFO News

Sources said the unstated convention in parliamentary practice is that chiefs of institutions have to attend parliamentary panel briefings whenever summoned.

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CBIC orders immediate de-mapping of retired, transferred officers from GST portal

CFO News

The CBIC has directed zonal heads to de-map officers from the GST portal immediately after retirement or transfer to prevent unauthorised access. This decision follows a case where an officer sanctioned a fraudulent refund because they were not de-mapped. Supervisory officers will monitor the de-mapping process and report compliance to jurisdictional commissioners.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Unified data highway can unlock USD 3-4 trillion annually for emerging nations by 2030

CFO News

The report notes that unified data highways (UDH), the next frontier of digital public infrastructure will unlock an economic value of USD 3-4 trillion per annum for emerging nations by 2030.

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Shapoorji Pallonji Group to merge port holding cos

CFO News

Shapoorji Pallonji Group is planning to merge SP Imperial Star and SP Port Maintenance, which hold Dharamtar and Gopalpur Ports. Dharamtar has been sold to JSW, while Gopalpur is being sold to Adani. The merger will follow Company Law Tribunal procedures, taking several months to finalize.

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Amazon to increase the individual contributor to manager ratio by 15% through layoffs: How many reportees can a manager can effectively oversee?

CFO News

Amazon plans to cut around 14,000 manager positions by early 2025, potentially saving up to $3 billion annually, as part of a strategy to enhance operational efficiency. So, what is the ideal reportee-to-manager ratio? And what are the factors that an organization should keep in mind while deciding on the right manager-to-individual contributor ratio?

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India Inc pros seeks more guidance, upskilling opportunities

CFO News

A LinkedIn report highlights that 90% of Indian professionals are seeking more support in evolving workplaces. The biggest opportunity lies in integrating AI, with 62% believing it's crucial for career growth. Video formats, particularly short-form and long-form video courses, are favored for continuous learning.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

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.

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Banking sector reforms are paying its dividend to Indian Economy: Nirmala Sitharaman

CFO News

Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability.

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Vikas Ecotech CFO Amit Dhuria resigns

CFO News

Dhuria cited ongoing organisational reshuffling as a reason for his decision, indicating it presents a timely opportunity for him to pursue avenues more aligned with his professional aspirations.

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SC nod to real estate sector to claim input tax credits on construction costs

CFO News

The Supreme Court has allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes, ruling them as 'plant and machinery' under GST law. This decision helps reduce the financial burden and investment costs in commercial real estate.

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GST Rate Cut: Tax on several mass-use products may be reduced

CFO News

A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations.

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.