Mon.Sep 30, 2024

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Evolving CFO roles and the impact on corporate tax departments

CFO Dive

The transformation of the CFO role is reshaping corporate tax departments, driving them towards greater strategic involvement, technological adoption and enhanced compliance.

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Why IAS 38 is Hindering South Africa’s Growth: A Call for Change

CFO Talks

Why IAS 38 is Hindering South Africa’s Growth: A Call for Change In an era where innovation, intellectual property (IP), and intangible assets drive economic success, South Africa finds itself at a critical crossroads. Our financial statements reveal a stark reality—South Africa has one of the lowest representations of intangible assets compared to other countries.

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Trending Sources

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Powell says Fed policymakers not ‘in a hurry’ to cut interest rates

CFO Dive

“We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.

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CEO Peer Groups: A Strategy For Financial Advisors To Build Trust With And Attract Business Owner Clients

Nerd's Eye View

When it comes to focusing on a niche for financial advisors, business owner clients can be an appealing target as they can have complex financial planning problems ranging from cash flow management to tax planning to acquisition strategies. However, while business owners can be compelling clients, they can also be difficult to find and prospect in the first place.

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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.

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A look at 7 Supreme Court cases Big Business will be watching

CFO Dive

The court’s term begins Oct. 7 with a docket that involves corporate securities, labor, RICO and environmental questions.

More Trending

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California governor vetoed SB 1047. What’s next for AI regulation?

CFO Dive

The contentious bill had garnered support from Hollywood and criticism from big tech. Gov. Gavin Newsom attributed his veto to the bill’s scope and broad language.

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India's economic dependence on China is growing despite Atmanirbhar Bharat

CFO News

China’s dominance in global exports, particularly concerning capital-intensive products, presents a significant challenge for India in establishing a manufacturing ecosystem says a report.

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Why Your Cloud Optimization Strategy Needs a Third-Party Perspective

E78 Partners

The rapid adoption of cloud infrastructure has transformed how businesses scale and operate. Gartner projects global spending on public cloud services will i ncrease by 20.4% in 2024. While this growth fuels innovation, many organizations struggle to control cloud expenses. According to FinOps Foundation , six out of ten companies overspend on cloud services, and 75% report increased cloud waste​.

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Sebi slaps Rs 12 lakh fine on NSE Data And Analytics

CFO News

Markets regulator Sebi on Monday imposed a penalty of Rs 12 lakh on NSE Data And Analytics Ltd for its failure to segregate IT infrastructures and manpower between itself and its parent firm National Stock Exchange (NSE).

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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.

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Why Your Cloud Optimization Strategy Needs a Third-Party Perspective

E78 Partners

The rapid adoption of cloud infrastructure has transformed how businesses scale and operate. Gartner projects global spending on public cloud services will i ncrease by 20.4% in 2024. While this growth fuels innovation, many organizations struggle to control cloud expenses. According to FinOps Foundation , six out of ten companies overspend on cloud services, and 75% report increased cloud waste​.

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India's Manufacturing PMI drops to 8-month low at 56.5 in September

CFO News

India's Manufacturing PMI dropped to 56.5 in September, an eight-month low, as growth slowed across key segments amid fierce competition. While inflation eased, input costs rose and profit margins tightened. Job creation slowed, and business confidence fell to its lowest level since April 2024.

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Navigating new magnitudes as a CFO

Future CFO

Prashanth Mahendra-Rajah , chief financial officer at Uber Technologies , talks on the strategies and networks he leveraged to quickly acclimate and excel in his role at Uber. First published on Youtube. The post Navigating new magnitudes as a CFO appeared first on FutureCFO.

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IRCTC appoints Gaisingam Kabui as CFO

CFO News

Gaisingam Kabui is an Indian Railway Accounts Service (IRAS) officer from the 2001 batch, an has served as the Finance Head in two key divisions - Lumding and Katihar, and has also worked in the Railway Board as Director of Finance and CCA (Chief Controller of Accounts), bringing in experiences in Railway Finance.

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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.

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A day in the Life: Aaron Levine from Prophix 

Future CFO

Editor’s note: In today’s A Day in the Life , Aaron Levine (pictured), CFO at Prophix shares with FutureCFO audiences not only his workday but also how he was inspired by a CFO—when he was a VP in another company—to learn how to craft a narrative that drives an organisation’s strategy. FutureCFO: What does a typical day look like for you? Aaron Levine (AL): I begin my day around 6:30 AM, with a quick check of my email to catch up on any overnight messages.

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Finolex appoints Chandan Verma as Interim CFO

CFO News

CFO: Verma, a Chartered Accountant, brings 18 years of diverse experience, having worked with firms such as Deloitte, KPMG, and PCBL Limited.

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CFO Succession Planning Best Practices

CFO Selections

Today’s executive financial hiring numbers reveal a surprising trend! Recent data shows that the rate of companies hiring externally for their Chief Financial Officer (CFO) role is at a 10-year high. The prevailing theory as to why so many companies are looking outside their organization to hire a CFO is that succession planning for CFOs has been deprioritized in recent years as they have focused on tackling their organizations’ more pressing needs instead.

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SIS CFO Devesh Desai steps down, takes year long sabbatical

CFO News

Desai has cited personal reasons for his decision to step down. SIS has not yet provided any updates on whether a successor will be appointed to fill the CFO role during his absence.

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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.

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CA Death at EY: ICAI forms group for work-life balance; President Agarwal urges oganisations to prioritise employee well-being

CFO News

In the wake of CA Anna Sebastian Perayil's tragic death at EY, ICAI President Ranjeet Kumar Agarwal urges organisations to prioritise employee well-being and implement balanced work policies to combat stress.

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Premier Explosives CFO Srihari Pakalapati resigns

CFO News

​​Srihari Pakalapati stepped down from his position, citing personal reasons and the company has not yet disclosed its plans for appointing a new CFO.

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Bridging the Adoption Gap: 4 Leaps for Successful Digital Transformation

CFO News

In "Bridging the Adoption Gap: 4 Leaps for Successful Digital Transformation," SVenkat and CFO Amit Kikani explore essential strategies for fostering user adoption in transformative digital initiatives.

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Sebi board meeting: Nothing on F&O regulation, new asset class for HNIs, and other top announcements

CFO News

Despite expectations, SEBI has decided not to curb weekly F&O expirations or raise minimum contract sizes for now. This comes as the regulator grapples with a surge in speculative trading that has cost retail investors Rs 1.81 lakh crore over the past three years.

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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.

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Deloitte aims $ 5 billion revenue from India business by 2030: South Asia CEO

CFO News

Deloitte targets a fourfold increase in its India business revenue to USD 5 billion by 2030. The firm's revenue hit Rs 10,000 crore in the fiscal year of June 2023-May 2024, showing a growth of 30%. Deloitte India played a key role in global and Asia Pacific growth while reducing attrition rates significantly.

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Sebi OKs faster rights issues, new asset class

CFO News

This was Sebi's first board gathering after the emergence of conflict-of-interest allegations directed at the regulator's chair, Madhabi Puri Buch. Sebi's press statement issued late evening remained silent on allegations against Buch and HR issues raised by its employees.

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Liquidity boost: Sebi steps up same-day stock settlement

CFO News

In a major move, Sebi proposed expanding T+0 settlement from 25 to 500 stocks to enhance liquidity. The regulatory board approved 'Investment Strategies' for high-net worth individuals and 'MF Lite' for passive investments. Streamlined rights issue processes and eased regulations for investment advisers were also sanctioned.

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Kotak Mahindra aiming to be no 3 private bank by profit, says bank's MD & CEO Ashok Vaswani

CFO News

Kotak Mahindra Bank, led by CEO Ashok Vaswani, aims to become the third-largest private lender in India by 2030. The bank is open to acquisitions and plans to use technology and operations scaling to achieve its goal. Vaswani is the first non-promoter CEO, following the tenure of founder Uday Kotak.

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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.