Thu.Feb 22, 2024

article thumbnail

New Prophix CFO: championing the ‘data steward’ shift

CFO Dive

The “bird’s eye view” of the business provided by finance chiefs makes them ideal choices as stewards of data, Prophix CFO Aaron Levine says.

CFO 284
article thumbnail

All-Time Highs Are Historically Bullish

Barry Ritholtz

A quick note to answer this question: What happens after markets make a new all-time high (after a year w/o one)? Check out the table above, via Warren Pies. He spoke with Batnick and Josh earlier this month. Going back to 1954, markets are always higher one year later – the only exception was 2007. That was after housing had peaked, subprime mortgages were defaulting, and the great financial crisis was about to start.

Economics 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

IRS targets ‘under the radar’ misuse of corporate jets: Werfel

CFO Dive

The IRS has stepped up tax enforcement since Congress approved a $80 billion funding boost in 2022.

219
219
article thumbnail

India Inc behemoths lead private capex push, but is it enough?

CFO News

Earlier industry experts wanted the government to spend, now the gears have changed they want India Inc to spend. Large corporations have shown their commitments but India certainly needs private capex push. Here is my view.

105
105
article thumbnail

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.

article thumbnail

PayPal FP&A exec jumps to Flywire CFO seat

CFO Dive

Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.

CFO 200

More Trending

article thumbnail

Planet Fitness CFO retiring amid search for CEO

CFO Dive

The announcement comes in the wake of the health-club chain’s abrupt decision last fall to oust then CEO Chris Rondeau.

CFO 111
article thumbnail

30-year TIPS auction gets real yield of 2.20%, highest in 14 years

Tips Watch

By David Enna, Tipswatch.com The Treasury’s auction of a new 30-year Treasury Inflation-Protected Security — CUSIP 912810TY4 — generated a real yield to maturity of 2.20%, the highest for this term at auction since February 2010.

article thumbnail

Bandhan Bank appoints Rajeev Mantri as CFO

CFO News

Mantri, previously CFO at Citi India for three years, brings 25 years of banking experience to his new role as CFO at Bandhan Bank.

CFO 97
article thumbnail

Navigating the EPM labyrinth: A guide for modern finance leaders

Future CFO

The financial landscape is evolving at breakneck speed, driven by big data, globalisation, and digitisation. The pressure on finance leaders to deliver strategic insights and ensure compliance is mounting in this dynamic environment. Photo by Jakub Zerdzicki This makes Enterprise Performance Management (EPM) a powerful ally for CFOs. Gartner defines it as “the process of monitoring performance across the enterprise to improve business performance.

article thumbnail

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.

article thumbnail

Kitces & Carl Ep 132: What Drives Real Advisor Marketing Success: Vanity Metrics Vs Engaged Prospects

Nerd's Eye View

At the end of each calendar year, social media platforms compile a wrap-up of each user's metrics, showing a theoretical reach for every account's best-performing piece of created media content and highlighting the "Best Of The Best" on the web, while revealing social media 'superstars' who have millions of impressions and followers. But how much do these numbers really matter for financial advisors driving the growth of their businesses?

article thumbnail

Despite opposition, non-trade issues make their way into WTO draft package

CFO News

The draft package distributed ahead of the Abu Dhabi World Trade Organisation (WTO) conference scheduled for next week has brought attention to themes of trade inclusivity, women's involvement in trade, industrial policy, and environmental considerations – topics that India and numerous other developing nations oppose. The draft document has been reviewed by ET.

52
article thumbnail

Jax Kar Wash: Accelerating Exit, Securing Legacy

Focus CFO

Jax Kar Wash, a multi-generational car wash company, had a solid growth plan in place when the IPO of a competitor opened its eyes to a potentially higher exit value. Enter FocusCFO , a national leader in Fractional CFO services, who seamlessly helped to pivot the company from growth mode to "deal mode. " This case study reveals how FocusCFO: Prepared Jax Kar Wash for a rapid exit: From crafting the Confidential Information MemorandumCIM to navigating due diligence, they ensured the company was

article thumbnail

Robust tax mopup gives 433% boost to capex, says FM

CFO News

Robust tax collections have increased capital expenditure and investment in infrastructure projects. Gross direct tax collections rose 16.77%, with expectations of further increase. Refunds worth ₹2.48 lakh crore were issued, and 1.66 crore income tax returns were processed in a day. Time for assessment reduced, faceless assessment introduced for transparency, and technology used to boost collections.

article thumbnail

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.

article thumbnail

AI opportunities for the future in finance

Future CFO

A survey in accountancy and finance on current workplace and career challenges conducted by the Association of Chartered Certified Accountants (ACCA) reveals what's happening at work right now for accountants and finance professionals. In this video, Jamie Lyon , Head of Skills, Sectors and Technology at ACCA, and survey participant M. Subash – Director finance at DELL Technologies in India discuss the AI opportunities for the future in finance.

Finance 52
article thumbnail

More savers ditch bank deposits to flirt with equity

CFO News

Indian banks face challenges as urban savers shift to Dalal Street instruments like mutual funds and stocks, causing a decline in low-cost current and savings account (CASA) deposits. Private sector banks are particularly affected, while public sector banks also face difficulties in attracting deposits from corporate and government accounts.

Banking 52
article thumbnail

Realty booms in Maximum City as Tata Group, Reliance Industries keep on shopping

CFO News

While Reliance Retail started in 2006, it overcompensated for its late entry by aggressively opening stores across formats. Reliance has over 18,774 stores across supermarkets, electronics, jewellery, and apparel space. It has also either partnered or acquired over 80 global brands, from Gap and Superdry to Balenciaga and Jimmy Choo. A diverse portfolio of brands across various segments through strategic partnerships and collaborations helps an entity like Reliance to leverage synergies and enha

article thumbnail

NBCC to generate Rs 15,000 Crore from Amrapali projects with additional flats

CFO News

State-owned NBCC is set to generate an additional revenue of Rs 15,000 crore from Amrapali projects after the Uttar Pradesh government approved its request to develop extra flats in the project. This approval grants NBCC additional FAR (floor area ratio) to construct more apartments, enabling the development of 13,250 houses on an additional 75-acre land.

article thumbnail

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.

article thumbnail

RBI wants to keep inflation vigil, MPC’s external members see room to ease a bit

CFO News

External members of the Monetary Policy Committee suggest reducing policy interest rates due to temporary food shocks and high real interest rates. However, caution is advised as markets are running ahead of policy makers and inflation history suggests challenges in bringing it down.

article thumbnail

Shriram looks to raise up to Rs 2,400 crore to buy Piramal stake in group firms

CFO News

Shriram Group plans to raise ₹2,000-2,400 crore in debt to buy Piramal Enterprises' stake in Shriram Investment Holdings. Piramal Enterprises fully exits Shriram Group after selling its stake in Shriram Finance.

Finance 52
article thumbnail

Report on audit at Byju's soon: ICAI Chief

CFO News

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is finalizing its report on the standards and processes followed by the auditor of Byju's, a prominent edtech company. Ranjeet Kumar Agarwal, the new President of ICAI, stated that the report will be the basis for the institute's next steps regarding the matter.