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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NFRA at six: Top auditors urge stronger engagement and tech use amid rising debarments

CFO News

As the NFRA marks six years of enhancing audit quality in India, top auditors call for stronger governance engagement, technological adoption, and a remedial approach.

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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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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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More Trending

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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.

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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BharatPe settles dispute with Ashneer Grover, cuts all company ties

CFO News

BharatPe revealed that Grover's shares will be partially transferred to the Resilient Growth Trust, benefiting the company, while the remainder will be managed by his family trust.

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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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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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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.