Tue.Aug 13, 2024

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Bolstering the CFO-CRO relationship to ensure AI investment returns

CFO Dive

The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.

CFO 271
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Navigator Business Solutions Unveils the Future with SAP S/4HANA Cloud Public Edition 2408

Navigator SAP

In an era where speed, intelligence, and precision dictate success, Navigator Business Solutions is thrilled to announce the game-changing release of SAP S/4HANA Cloud Public Edition 2408. This isn’t just another update—it’s a revolution in ERP, supercharged by cutting-edge AI that’s set to redefine how businesses operate and innovate.

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Trending Sources

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Starbucks taps CFO for interim CEO in midst of leadership shift

CFO Dive

Starbucks alum Rachel Ruggeri will step in as interim CEO as the coffee chain continues to fight labor activists and political protesters, leading to slumping sales.

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What Is Islamic Finance And How Does It Work?

Global Finance

The first of five parts of a Global Finance FAQ web series on Islamic finance. In just a few decades, Islamic finance has established itself as a significant player in global finance. Today, with thousands of institutions around the world, this sector is no longer limited to the devout clientele of Muslim countries in the Middle East and Southeast Asia.

Finance 116
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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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Producer price inflation slows, brightening outlook for Fed rate cut

CFO Dive

The less-than-forecast gain in PPI last month bodes well for a decline in economy-wide price pressures in coming months.

More Trending

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M&A, vendor reliance help drive up ransomware threat: report

CFO Dive

The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.

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The role of AI-powered risk management in fraud prevention

Future CFO

Finance leaders nowadays are often asked with not only the usual queries on handling and managing risks in fraud, but also their strategies on digital transformation and how artificial intelligence can be of help. True enough, the Finance function now is not just about crunching the numbers and making use of data obtained from traditional work, as AI-powered risk management has been deemed a game-changing approach against identity theft and other fraudulent activities.

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Islamic Finance: How Does It Make Money Without Interest?

Global Finance

The second installment of a Global Finance FAQ web series on Islamic finance. Many of the products offered by Islamic financial institutions are comparable to Western or conventional finance even though interest and speculation are forbidden. Banks are by far the biggest players in Islamic finance—some of them are exclusively Islamic while others offer sharia-compliant products but remain mostly conventional.

Finance 95
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1,025: From Cost Management to Strategic Investment | Chikako Tyler, CFO, California Bank & Trust

CFO Thought Leader

In her role as CFO of California Bank & Trust, Chikako Tyler once found herself facing the collapse of Silicon Valley Bank—as it turned out, not the first financial crisis of her career, but the second. However, unlike with the first—the Great Recession, which forced her to leave a rewarding career in commercial real estate—this time, she was prepared to take charge of her professional destiny.

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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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Fund cited by Hindenburg against SEBI chairperson not domiciled in Mauritius: Regulator

CFO News

In a significant blow to Hindenburg Research, the Financial Services Commission (FSC) of Mauritius on Tuesday said the fund cited by the US short-seller in its allegations against SEBI Chairperson Madhabi Puri Buch are neither licensees of the FSC nor "domiciled in Mauritius"

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Is Islamic Finance New Or Old?

Global Finance

The fourth installment of a Global Finance FAQ web series on Islamic finance. For hundreds of years, there was no need for Islamic finance because there was simply no financial system to “Islamise.” Up until the second half of the 19th century, the vast majority of the Muslim population around the world was unbanked and the prohibition of interest was applied on transactions by tradition rather than by law or regulatory bodies.

Finance 52
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The Mentoring Round | Tom Bock, CFO, SmartFinancial

CFO Thought Leader

CFO Tom Bock reflects on two pivotal experiences that shaped his mindset as a leader. The first is a lesson from his childhood in communist Hungary, where his grandmother taught him the importance of responsibility and learning from life’s challenges. This early lesson instilled in him a lasting sense of duty and resilience. Fast forward to 2005, during his first banking job at Citigroup, Bock worked 63 hours straight to prepare a pitch, ultimately leading to physical exhaustion and failure.

CFO 52
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Islamic Finance FAQ: A Global Finance Series

Global Finance

Islamic finance is a fast-growing $3.9 trillion industry, yet many finance professionals do not know halal from haram. Global Finance answers the most frequently asked questions about Islamic finance in this five-installment series. Top 5 FAQs: 1. What Is Islamic Finance? 2. How Does Islamic Finance Make Money Without Charging Interest? 3. Is Islamic Finance Just For Muslim-Majority Nations?

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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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#FASuccess Ep 398: Building A $2.5B AUM Advisory Enterprise Under The Umbrella Of A National CPA Firm, With Eric Wulff

Nerd's Eye View

Welcome everyone! Welcome to the 398th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Wulff. Eric is the CEO of Marcum Wealth, an RIA based in Cleveland, Ohio, that oversees $2.5 billion in assets under management for approximately 2,700 client households. What's unique about Eric, though, is how he has built Marcum Wealth into a multi-billion-dollar firm under the umbrella of a national accounting firm, in large part by cultivating mutually beneficial rel

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Building Effective Finance Teams: A Guide to Staff Management

CFO Talks

Building Effective Finance Teams: A Guide to Staff Management Building a top-notch finance team is like assembling a puzzle where each piece needs to fit perfectly. As a CFO, your role goes beyond crunching numbers— it’s about creating a team that’s dynamic, cohesive, and ready to tackle the financial challenges of today and tomorrow. Imagine having a team that not only delivers accurate financial reports but also drives strategic initiatives, contributing to the growth and success o

Finance 52
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Food inflation to stay sticky, rate cuts may get pushed to FY26: Economists

CFO News

Despite consumer inflation dipping below the 4% target for the first time in five years, the Reserve Bank of India (RBI) is unlikely to soften interest rates this fiscal year. Economists attribute the drop to a base effect and caution that it may not signify a lasting trend against persistent inflation. Central bank Governor Shaktikanta Das emphasized that future rate decisions will be influenced by food price movements and ongoing inflation pressures.

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Transcript: Meir Statman

Barry Ritholtz

The transcript from this week’s, MiB: Meir Statman on the Intersection of Finance & Life , 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. ~~~ Bloomberg Audio Studios, podcasts, radio News.

Finance 57
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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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India’s slowing consumer demand fuels calls for rate cuts

CFO News

The Reserve Bank of India has kept interest rates unchanged for more than 18 months, with Governor Shaktikanta Das saying last week that food prices remain a worry and would keep inflation above its 4% target. While data Monday showed inflation dipped below that level in July, that was largely due to statistical reasons, and unlikely to prompt the RBI to ease.

Banking 40
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Apple’s India business surpasses $23 billion as manufacturing growth reaches 50-year high

CFO News

According to the recent Economic Survey, India contributes around 14% to the US tech giant’s overall production, emerging as a key hub for its global exports. In FY23, India’s contribution was about 7%. iPhones dominate the numbers. Of the Rs 2-lakh crore valuation, iPhones worth a market value of around Rs 1.35 lakh crore ($15 billion) were exported last fiscal year, show calculations based on official data.

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Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan Pandey

CFO News

The National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit firms. NFRA Chairman Ajay Bhushan Prasad Pandey noted that while some positive changes have been made, particularly in addressing conflicts of interest, more improvements are needed. The NFRA is inspecting seven audit firms this year, with plans to increase the number further.

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Insolvency Board mandates unique identification number for valuation reports

CFO News

As per the current practice, Registered Valuer (RV)/ Register Valuers Entity (RVE) submit the valuation reports with or without mentioning any reference number leading to potential issues concerning verification. "In order to ensure authenticity and to have a unique reference number of the valuation reports, it has been decided to provide a Valuation Report Identification Number (VRIN) for each valuation conducted under the Code," the IBBI circular said.

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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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Taxpayers getting faster refunds this year? FM says ITR processing time reduced to 10 days from 93 days

CFO News

Income tax refund: You can expect faster tax refund this year, however not everybody will benefit from this. Cetain complicated income tax return (ITR) forms like ITR-3 and even ITR-2 takes time to process. However experts say when compared to earlier times, the ITR processing times have indeed come down.

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Vaibhav Joshi joins Globe Teleservices as Group CFO

CFO News

Globe Teleservices, a Singapore-based telecom conglomerate, has appointed Vaibhav Joshi as its Group Chief Financial Officer, effective August 1, 2024. Joshi brings over 22 years of industry experience across sectors such as Retail, Telecom, IT, and Healthcare.

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Hindenburg allegations: Will Madhabi Puri Buch get a clean chit like former SEBI chairman C B Bhave?

CFO News

In 2011, the chairperson of SEBI was embroiled in controversy over his alleged involvement in the NSDL IPO Scam. Hindenburg Research has accused the current SEBI chairman in the Adani case. Issues and situations are different but the allegations over the conflict of interests are the same. Here is what happened then?

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54th GST Council meeting to be held on September 9

CFO News

The 54th GST Council meeting will be held on September 9, 2024. Meanwhile, July GST collections rose 10.3% to over Rs 1.82 lakh crore, the third-highest since the GST's inception. Net collections, after refunds of Rs 16,283 crore, reached over Rs 1.66 lakh crore, marking a 14.4% increase.

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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.