Thu.Aug 29, 2024

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The Essentials of Treasury Management in Modern Businesses

CFO Talks

The Essentials of Treasury Management in Modern Businesses In today’s fast-paced world, managing a company’s money isn’t just about paying bills and keeping the lights on. It’s about making sure the business stays financially healthy and ready for whatever comes its way. As a CFO, you’re at the helm of this important task. Let’s break down the essentials of treasury management in a way that’s practical and easy to apply.

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Only 58% of executives assessed business risks of AI: PwC

CFO Dive

Rapid advances in AI outpace efforts to contain the risks from the technology, according to executives and officials.

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Trending Sources

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Bridging the gap in AI implementation

Future CFO

The Association of Chartered Certified Accountants highlighted in a recent study the importance of digital literacy among finance professionals amid the buzz of artificial intelligence implementation in organisations. According to the ACCA, it is important for accountants to understand a wider range of technical tools, including programming languages, in the course of AI implementation.

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Salesforce CFO to exit post after successor is picked

CFO Dive

Amy Weaver is also expected to become a special adviser to the CEO once she steps down as the company’s finance chief.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Creating An Annual Budget With Your Fractional CFO

CFO Share

Building an effective annual budget is more than just crunching numbers—it’s about creating a strategic roadmap that aligns your managers to the business goals. This process can feel dreadful for small business owners, especially if your current finance team did not handle last year’s budgeting well. Enter the fractional CFO : a seasoned financial expert who can guide you through this critical process, ensuring that your budget supports your company’s vision and anticipates challenges and

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The Mentoring Round | Matt Steinfort, CFO, DigitalOcean

CFO Thought Leader

Inside The Mentoring Round , CFO Matt Steinfort tells us how DigitalOcean is making AI more accessible to small tech companies by offering AI compute capacity in manageable, on-demand chunks. This allows smaller developers to integrate AI into their applications without needing extensive resources. Additionally, DigitalOcean is using AI to enhance its own services, making them easier to consume and more efficient.

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14 best finance AI tools for finance leaders

Cube Software

How are AI tools changing finance? AI tools are changing finance by heavily reducing the amount of manual calculations needed to generate and analyze important financial reports.

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BMO expands Zero Barriers to Business Programs to support Asian, LGBTQ+ and Veteran-owned businesses

Bank of the West

Running a small business can be challenging – and members of historically underserved groups face additional barriers to success. That’s why BMO is expanding our Zero Barriers to Business programs… Read more The post BMO expands Zero Barriers to Business Programs to support Asian, LGBTQ+ and Veteran-owned businesses appeared first on About BMO.

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Top 10 Business Budgeting Software for Startups, SMBs, and Enterprises in 2024

Lime Light

In 2024, Chief Financial Officers (CFOs) aren't just number-crunchers. They're strategic visionaries navigating an increasingly complex global financial landscape.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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We get leverage when China invests in India, says Finance Commission chairman Arvind Panagariya

CFO News

Leading economist Arvind Panagariya advocates allowing Chinese investments in India, barring security risks. He highlights the potential leverage gained against China and argues that FTAs with large markets could boost foreign investments. His book criticizes import substitution, urging reforms and citing India's telecom success as an exception.

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Trump case sparks request for FASB accounting rule revamp

CFO Dive

Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, is asking the FASB to revise and clarify the GAAP rules.

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Reliance AGM 2024: Ambani predicts top-30 global status, highlights Jio’s innovations, and notes 1.7 lakh jobs created

CFO News

At Reliance Industries' AGM 2024, Mukesh Ambani outlined the company’s resilience amid global challenges, revealed record financial performance, emphasized Jio’s growth as a global data leader, and projected entry into the world’s Top 30 companies.

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Trump vs. Harris: How Each Presidency Could Shape the Future for Small Businesses

CFO Share

As the 2024 presidential election approaches, you may be wondering how a Trump presidency might impact your small business differently from a Harris presidency. The economic policies of each candidate could have profound impacts on small businesses, influencing everything from tax burdens to international trade. In this article, we will explore three key areas where these impacts could be most pronounced: Tax reforms The USMCA (aka NAFTA 2.0), and Regulation Tax Reforms for Small Businesses The

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Aditya Birla Sun Life AMC appoints Pradeep Sharma as new CFO, effective October 31

CFO News

Aditya Birla Sun Life AMC has appointed Pradeep Sharma as its new Chief Financial Officer, effective October 31, 2024. Sharma brings over 30 years of finance experience to the role.

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India's e-commerce export hubs expected to create 2.75 lakh jobs

CFO News

TeamLease Degree Apprenticeship, the largest degree apprenticeship provider collaborating with 22 universities nationwide, reports that India’s plan to develop 50 e-commerce export hubs is projected to create up to 2.75 lakh jobs.

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Tax authorities send Rs 606 crore GST demand notice to LIC

CFO News

Life Insurance Corporation of India (LIC) has received a demand notice for Rs 605.58 crore from tax authorities for short payment of GST in the financial year 2019-20. The notice, which includes interest and penalties, is appealable. LIC reports no material impact on its financials or operations due to this notice.

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Corporate revenue growth slows to 5-7% in June quarter, lowest in 15 quarters: Crisil

CFO News

The dip in growth was driven primarily by a downturn in agriculture-linked sectors such as fertilisers, seasonal factors, and the impact of general elections on construction-linked industries.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Sebi chief Madhabi Puri Buch says compliance must not burden companies

CFO News

SEBI chairperson Madhabi Puri Buch emphasized the ease of regulatory compliance at the Global Fintech Fest. She discussed the positive reception of new REIT regulations and addressed conflict-of-interest allegations from Hindenburg Research regarding her ties to Blackstone, which both she and the Adani group have denied.

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SEBI issues notice to Religare Ent's Rashmi Saluja

CFO News

The investigation centres on trades conducted by Saluja last year on September 21 and 22, days before the Burman family's open offer for Religare Enterprises was announced on September 25, 2023.

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Responsible lending is as important as responsible borrowing: RBI official

CFO News

A senior RBI official emphasised the need for responsible lending to build consumer trust and protection in digital lending using AI/ML models. With AI's growing role in credit assessment, banks need to focus on governance and financial literacy. Digital lending is expected to surpass $1 trillion by 2030.

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RBI likely to issue final project finance guidelines in 2-3 months

CFO News

The Reserve Bank of India is expected to release final guidelines soon on provisioning and accounting norms for project finance. Discussions are also ongoing for Expected Credit Loss guidelines. The RBI aims to implement new provisions at 5% in phases, addressing concerns from stakeholders about the increased costs for banks and borrowers.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Adani’s airport business to undergo de-merger by 2027-28: Group CFO

CFO News

Adani Group aims to demerge its airport business by 2027-28, guided by financial independence and operational readiness. This comes as Adani Enterprises Limited launches its first public issue of NCDs, targeting up to Rs 800 crore. The raised funds are intended for prepaying or repaying existing borrowings, facilitating growth.

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AI experts’ sky-high salary demand stumps Indian companies

CFO News

According to Mark Samlal of San Francisco-based Deel, a payroll and compliance provider, at least 132 companies looking to hire AI talent in India are facing high salary expectations from candidates. Deel currently serves organisations like BCG, Nike, Forever21, Shopify, Klarna, Reddit and BBC Studios. Its 550 employees in India account for over 13% of its global workforce of 4,000.

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RIL AGM Highlights 2024: Mukesh Ambani's conglomerate to focus on AI-led development in India; key announcements here

CFO News

RIL AGM 2024 Highlights: At its 47th AGM, Reliance Industries Ltd praised its business success and India's economic rise. Chairman Mukesh Ambani highlighted global uncertainty but expressed confidence in India's growth. The board will consider issuing bonus shares. Ambani shared the company's focus on technology and AI for future growth.

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Reliance AGM: Mukesh Ambani sets a global goal for the oil-to-telco co

CFO News

At the 47th Annual General Meeting, Reliance Industries Chairman Mukesh Ambani expressed aspirations for his company to rank among the top 30 globally. The firm, which has already joined the top 50 most valued firms worldwide, aims to advance despite a slight decline in net profit for the first quarter of 2024.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.