Mon.Aug 26, 2024

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Have we seen the end of 2.0%+ real yields?

Tips Watch

Shorter-term rates will fall. The future of longer-term rates is uncertain. By David Enna, Tipswatch.com Just a few days ago, on Aug. 22, the U.S.

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External CFO hires hit 10-year high

CFO Dive

The uptick in companies looking outside their ranks for finance chiefs suggests a lack of succession planning, Crist Kolder's Josh Crist said.

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Trending Sources

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SAP the Right Fit for Life Sciences

Navigator SAP

If you are a smaller growing Life Sciences company looking for a suite-in-a-box ERP system that supports Manufacturing, there is an SAP system option ready for you.

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Payment fraud poses a significant threat to businesses

CFO Dive

It’s not a matter of ‘if’ but ‘when’ your business will be hit with fraud or a cyberattack. BOK Financial provides five proactive tips for protecting your company from fraudsters trying to steal your information, data or your money.

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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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Deloitte: There is growing need to see value of GenAI

Future CFO

Amid continued experimentation, increased investment, and early enthusiasm, there is a growing need to demonstrate the value of generative artificial intelligence initiatives, according to Deloitte. The third quarterly edition of the Deloitte AI Institute's "State of Generative AI in the Enterprise" report revealed that data and risk remain key challenges to scaling Generative AI.

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8-Step “Agile Change” Framework For Smaller Firms To Communicate And Implement Organizational Change

Nerd's Eye View

For most of its history, the financial advice industry has been very slow to change. Over the last 50 years, even the most substantial changes to occur – such as the movement away from commissions and towards fee-based compensation, and the shift from an investment-centric approach to more holistic financial planning – have taken place over decades and, in many cases, are still ongoing.

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EWA providers crusade against CFPB rule proposal

CFO Dive

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

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Can AI Replace a CFO?

Focus CFO

We were delighted to have been asked to contribute to the inaugural issue of The Financial Executives Networking Group, Inc. (The FENG) 's new Financial Executives Journal. The first issue asks industry leaders to discuss the role of AI in finance. Our team shares their thoughts on AI's place in the CFO role , and how it can enhance, but not replace, the strategic work of the CFO.

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Apple appoints Kevan Parekh as new CFO, succeeding Luca Maestri effective January 1

CFO News

Apple Inc. has appointed Kevan Parekh, an experienced finance executive, as its new CFO, succeeding Luca Maestri. Parekh, currently VP of Financial Planning, will start in January 2025.

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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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Trump Media CFO sells $1.9M in company stock

CFO Dive

The sale comes as a six-month ban preventing former President Donald Trump from selling his own stock in the beleaguered company inches to an end.

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SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast

CFO News

The Indian economy is projected to grow by 7.0-7.1% in Q1 of 2024-25, according to an SBI Research report. This forecast, however, carries a downward bias. The Reserve Bank of India has predicted a 7.2% GDP growth for the entire fiscal year, with quarterly growth estimates of 7.1% for Q1.

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Edge of Rate Cuts: How We Got Here

Barry Ritholtz

How far behind the curve is the FOMC? I’m in the last month of book leave but I felt compelled to pop out at what feels like a seminal moment in the economic/market cycle to discuss how we got here and what the impending rate cuts might mean going forward. Quick caveat: The world is always more complex and nuanced than we see in the media or academia; there are millions of little unknown details and our penchant for narrative fallacy leads to clean and compelling storylines that often lack

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Ministers panel on GST reviews rates of several categories

CFO News

The GoM on GST rate rationalisation deferred reworking slabs but reviewed rates in the 12% and 18% categories. Focus areas include health insurance, restaurants, and some food products. Despite strong lobbying, no changes were made to the 28% levy on online gaming. Further rate changes are expected after discussions at the GST Council meeting on Sept 9.

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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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Chauffeur to India Inc, Ecos Offers Growth Ride in Mobility

CFO News

The company has access to over 12,500 vehicles, ranging from economy to luxury cars, but only 6% of the fleet is owned by the company. This asset-light business model supports a high return on equity (RoE). The growing share of the organised market for employee transportation services driven by the expansion of global capability centres (GCCs) augurs well for the company.

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HUL slapped with Rs 962 crore tax notice over TDS dispute in Rs 3,045 crore GlaxoSmithKline deal

CFO News

Hindustan Unilever has received a tax demand of Rs 962.75 crore from the Income Tax Department over non-deduction of TDS for acquiring intellectual property rights from GlaxoSmithKline. The company intends to appeal the order and claims it has a right to recover the tax from relevant parties.

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RBI looks to soften blow of tighter infrastructure funding rules

CFO News

RBI is considering a phased approach to increasing provisioning for project financing to ease the impact on lenders and protect profitability. Projects nearing completion may receive some leniency. Despite pushback from lenders and the finance ministry, the RBI is committed to raising provisions to address risks in a sector known for delays, while avoiding cost escalations that could jeopardize project viability.

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Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth

CFO News

Vedanta Ltd, led by Anil Agarwal, raised INR 30,000 crore through various means, including a qualified institutional placement and an offer for sale. The funds will be used for deleveraging and growth. The company's profit grew significantly, with a noted reduction in production costs. Vedanta also progressed on its demerger plans, aiming to attract major investments.

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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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Raymond, V Mart CFOs see big opportunity for Indian Textile Industry in Bangladesh crisis

CFO News

Raymond CFO Amit Agarwal says the company is already seeing interest from global brands which previously relied on Bangladesh, and while it's early days, the potential for business growth was substantial.

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Gale Pacific appoints Arjun Bagawandas as Interim CFO

CFO News

Gale Pacific has announced the appointment of Arjun Bagawandas as the Interim Chief Financial Officer, following the retirement of Sheryl Smith, effective 13 September 2024.

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Retail CFOs say inventory agility, consumer insight, and risk management key to success

CFO News

With consumer preferences shifting rapidly, leading CFOs have stressed on efficient stock rotation, leveraging real-time data, and proactive risk assessment.