Tue.Dec 05, 2023

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Top 10 CFO Priorities for 2024

The Finance Weekly

As 2024 approaches, CFOs need to assess their 2023 achievements and plan for the coming year. Despite the persistent list of priorities, it changes over time. Starting with an external perspective is crucial. Analyze the current economic situation, considering challenges such as inflation and rising interest rates. The waning wave prompts speculation about a potential recession or a return to normal growth levels.

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Most economists put odds of recession at 50% or less: NABE

CFO Dive

A report Tuesday of declining job vacancies bolstered optimism that the labor market will cool without pushing up unemployment much beyond the 3.9% level in October.

Marketing 325
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Trending Sources

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21,791 fake GST registrations, suspected tax evasion of Rs 24,000 crore detected in special drive: FM

CFO News

Finance Minister Nirmala Sitharaman revealed that GST officers have detected 21,791 fake GST registrations and identified over Rs 24,000 crore of suspected tax evasion during a recent special drive. The entities found to have fake registrations include 11,392 entities under state tax jurisdiction and 10,399 entities under CBIC jurisdiction. This significant amount of tax evasion was uncovered during the drive conducted by the Central Board of Indirect Taxes and Customs from May 16 to July 15, 20

Finance 98
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Grindr to rebuild team after RTO order decimates headcount

CFO Dive

CFO Vanna Krantz — who joined the LGBTQ+ dating app just before it went public last year — said Monday that the company turned in part to consultants to help offset staff departures.

CFO 256
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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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Taxman's glare on VC, PEs intensifies; focus on grandfathering gains under treaties

CFO News

The authorities are now asking for details such as the specifics of office spaces, electricity bills, the roles and expertise of directors and employees in Singapore and Mauritius, locations of decision-making, and a thorough review of board meeting minutes.

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#FA Success Ep 362: Developing Associate Advisor Compensation Plans And Career Tracks To Scale Capacity Past $1.5B AUM, With Jeff Brown

Nerd's Eye View

Welcome back to the 362nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jeff Brown. Jeff is the President of Stratos Private Wealth, an RIA based in San Diego, California, that oversees almost $1.5 billion in assets under management for just over 350 client households. What's unique about Jeff, though, is how his firm has developed associate advisor compensation plans and career tracks, with well-defined Level 1, Level 2, and Level 3 performance indicators of

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CPA firm exec is ‘blown away’ by OpenAI craze across client base

CFO Dive

More than half of Kruze Consulting’s client base has adopted OpenAI’s technology, with much of that penetration occurring during the past year.

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Transcript: Michael Fisch

Barry Ritholtz

The transcript from this week’s, MiB: Michael Fisch, American Securities , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:00 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:07 [Barry Ritholtz] This week on the podcast, I have an extra special guest.

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Goldman CFO sees ‘cleaner’ macro picture with ‘pockets of nervousness’

CFO Dive

In spite of geopolitical uncertainty, Goldman finance chief Denis Coleman said he expects a “more clear” deal-making runway in 2024.

CFO 266
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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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Punj Lloyd's liquidator files complaints with NFRA against auditors

CFO News

The liquidator of debt-ridden engineering, procurement and construction company Punj Lloyd has approached the National Financial Reporting Authority (NFRA) against the auditors of the company for not cooperating to finalise the audited results of the company since FY19.

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PayPal venture arm backs Israeli data privacy startup

CFO Dive

The funding boost comes as data privacy management startup Mine seeks to increase its hiring in the U.S.

Startups 253
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957: Mission-Centric Finance: MDA’s Transformation Story | Michael Kennedy, CFO, Muscular Dystrophy Association

CFO Thought Leader

When Michael Kennedy first stepped into the CFO office at the Muscular Dystrophy Association (MDA) in 2018, he was surprised to learn that the association was spending $8 million annually on office space across the country. “Why were we in these offices?,” asks Kennedy, voicing the question that helped to kick off the first of what he now characterizes as a multichapter digital transformation.

CFO 52
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Gautam Adani becomes 16th richest globally as Adani Group stocks rally; wealth tops $70 billion

CFO News

Indian businessman Gautam Adani has climbed to the 16th position on the Bloomberg Billionaires Index, with a net worth of $70.2 billion. Adani's wealth increased by 30% in just a week, adding over $4.41 billion.

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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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AI success in finance functions: What do leaders do correctly?

Future CFO

When it comes to AI success in finance functions, there are three characteristics that the function needs to have and CFOs must understand. According to Gartner, only 39% of 133 finance leaders it surveyed in May use AI/ machine lear ning (ML) and 29% of respondents said AI/ML is planned. In addition, 68% of finance organisations are using AI or plan to use the technology, the advisory firm. noted.

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Byju's reducing real estate footprint, vacates two offices in Bengaluru

CFO News

The terminated office assets include 550,000 sq ft in Kalyani Tech Park in Whitefield and 70,000 sq ft in IBC Knowledge Park, people aware of the matter said. Both these assets were given up between 2022 and 2023.

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Understanding the role of AI, machine learning in credit score optimisation

Future CFO

Artificial intelligence and machine learning have been changing how things are being done in different industries. The duo basically shakes up how problems are being solved, including the optimisation of credit scores, as smart computer systems bring a new way to learn about money. Traditionally, credit reports were subjected to manual analysis, a process susceptible to discrepancies.

CFO 52
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Online gaming space witnesses fall in funding

CFO News

The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession are some of the reasons for the dip in investments in the online gaming segment.

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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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How to Successfully Renovate Real Estate for Profit

Financial Analyst Insider

Flipping houses has become a popular avenue for real estate investors looking to capitalize on the potential for quick returns. This strategy involves purchasing a The post How to Successfully Renovate Real Estate for Profit appeared first on Financial Analyst Insider.

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Lenders again move RBI on wilful defaulter tag for non-performing accounts

CFO News

Banks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non-performing accounts as wilful defaulters, according to sources familiar with the matter. In September, the RBI had initially given banks six months to comply with the draft rules titled 'Framework for Compromise Settlement and Technical Write-offs' regarding the treatment of wilful and large defaulters.

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The Mentoring Round | Zhi Li, CFO, Customer.io

CFO Thought Leader

Inside the Mentoring Round, CFO Zhi Li shares a lesson he learned within the first 60 days of becoming a CFO – the importance of delivering bad news promptly and transparently. He confessed that he initially focused more on the positives, but with time, he realized the significance of owning up to the negatives. This, he believes, is a surefire way to gain credibility.

CFO 52
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Adani Green seals its largest project financing of $1.36 billion

CFO News

Adani Green Energy announced securing a $1.36 billion senior debt facility, its largest project financing yet under the Construction Financing Framework. This enhances the total funding to $3 billion since March 2021. The funding, backed by a consortium of international banks, supports AGEL's pivotal Renewable Energy Park development in Gujarat's Khavda, emphasizing its strategic significance.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning Vegas reads: • The U.S. Economy Is Booming. Or Stagnating? The Mystery of the Missing Interest. The latest estimates of domestic income and domestic product are alarmingly inconsistent. The gap is mostly attributable to the bizarre (alleged) decline in net interest paid by businesses. ( The Overshoot ) see also How Does a Person’s Lived Experience Tell them the Local Economy Is Good, but the National Economy Is in the Tank?

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DBS India's ESG push taps collaborative finance

CFO News

Providing an insight into DBS Bank India's renewable thrust into financing for the small and medium enterprises sector, Rajat Verma, head of institutional banking, DBS Bank India, cited the need for suppliers to benefit from this type of financing. He also stressed on the focus areas for the lender.

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IT sector growth to inch up to 6% in FY25, hiring to be moderate for 3 quarters: Icra

CFO News

The muted hiring outlook is the result of a weak demand scenario and companies will be focusing on utilising the capacity in the past and improving the overall utilisation levels, the agency said.

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Pre-Diwali orders still on shelves, kiranas cut back on fresh orders with FMCG companies

CFO News

FMCG companies had indicated that consistent decline in rural markets had halted in the September quarter but deficient rains, followed by a spike in food prices affected the second part of the quarter. Sales in villages fell 9.6% year-on-year in November, more than the 3.5% decline in cities, said Bizom, which expects rural consumption rebound to take slightly longer.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.