Thu.Oct 24, 2024

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What’s Your Number? A Guide to Building Transferable Business Value

Focus CFO

As a small business owner, you've poured your heart and soul into building your company. But have you considered your endgame? What's your "number" - the amount you want to walk away with when it's time to sell? More importantly, are you actively building the transferable value that will help you reach that number?

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Morningstar CFO to step down after 7-plus years

CFO Dive

Over the course of Jason Dubinsky’s tenure as finance chief, Morningstar’s revenue, operating profit and cash flow have more than doubled, the company said.

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Trending Sources

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3%: Great Depression, GFC, 1970s & 2020s?

Barry Ritholtz

What do the Great Depression, the Great Financial Crisis, the Stagflationary 1970s, and the upcoming 10-years have in common? If you are a strategist at Goldman Sachs , then a lot. At least if you do forecasts for market returns over the next decade (lol), you may see incredible similarities. ICYMI: David Kostin and his team of strategists see a 72% chance the S&P 500 underperforms Treasuries, and a 33% possibility equities return less than inflation.

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Only 4% of companies reap full value from AI: BCG

CFO Dive

The share of companies worldwide that are at least experimenting with AI has surged this year to 98% from 47% last year, BCG found in a survey.

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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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SAP Clean Core is Key to Optimizing Cloud Success for the Near and Long Term

Bramasol

Previously in this Insights Series, we have touched on a wide range of topics that are important for enabling companies to cost-effectively move to cloud-based ERP implementations. These have included migration tools such as SAP RISE and GROW , reducing Digital Debt , and fast-tracking Subscription Billing with Public Cloud Packaged Solutions. In this new Insights post we focus on SAP Clean Core to explore how it can lay a solid foundation for streamlining the transition to SAP Cloud Public or P

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More Trending

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New 5-year TIPS gets a real yield of 1.670% to potentially lukewarm demand

Tips Watch

By David Enna, Tipswatch.com The Treasury’s offering of $24 billion in a new 5-year TIPS, CUSIP 91282CLV1, auctioned today with a real yield to maturity of 1.670%, the lowest for this term since April 2023.

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CFOs eye ROI ‘push pull’ for AI, growth balance: Heidrick & Struggles

CFO Dive

To truly gauge the ROI of their GenAI investments, CFOs need to consider their strategic as well as their financial impact, Heidrick & Struggles’ Sachi Vora advised.

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Empowering a sustainable future: the impact of the 2024 BMO Fellowship powered by Watson

Bank of the West

Venture funding for a new eco-friendly hair care product and reducing waste through sustainable fashion are among the many examples of the transformative work being done by our Fellows At… Read more The post Empowering a sustainable future: the impact of the 2024 BMO Fellowship powered by Watson appeared first on About BMO.

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ION LookOut wins “market surveillance solution of the year” at FOW Asia Pacific Awards 2024

Reval

​LONDON – 24 October 2024: ION, a global leader in trading and workflow. The post ION LookOut wins “market surveillance solution of the year” at FOW Asia Pacific Awards 2024 appeared first on ION.

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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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U.S. consumers plan to spend less this holiday season. Here’s how BMO can help make budgeting for the holidays easier

Bank of the West

As holiday shopping kicks off, the latest BMO Real Financial Progress Index reveals 72 percent of Americans plan to scale back on holiday gift purchases this year, amid growing concern… Read more The post U.S. consumers plan to spend less this holiday season. Here’s how BMO can help make budgeting for the holidays easier appeared first on About BMO.

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Scaling Fast: Inside the Financial Strategy of a High-Growth Company

CFO Thought Leader

Inside The Mentoring Round, Brian Hogeland, CFO, Packer Fastener highlights key themes around leveraging technology, data, and intentional planning to drive business growth. He emphasizes the role real-time financial insights have when it comes to streamlining operations, and supporting the alignment of financial and operational metrics. Hogeland also focuses on balancing data-driven decisions with a human approach, using AI tools for predictive modeling, and managing competing priorities effici

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Adani Group's ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2

CFO News

Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).

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Govt working tirelessly to create conducive innovation ecosystem for startups: Minister

CFO News

The government has been working tirelessly under the leadership of Prime Minister Narendra Modi to create an ecosystem that is conducive to growth of businesses and, in particular, startups, Dr Chandra Sekhar Pemmasani, Minister of State for Communications and Rural Development, said on Thursday.

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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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Ladki Bahin Yojana: Freebie economics weakens state finances

CFO News

On one hand, I feel happy for the women and households who really need it. But on the other hand, the question that comes to my mind is whether it is a good idea. Freebies and ‘revadi’ culture are not new for India, but in the last few years this phenomenon has grown significantly. On one hand, when we are talking about building a country and doubling the GDP we should have better ideas to deal with finances.

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India, ASEAN can work on regional policy framework for green energy transition: CERC member

CFO News

Singapore, India, and ASEAN can develop a regional policy for green energy using small modular nuclear reactors. This initiative aims to diversify energy sources and reduce carbon emissions. Harish Dudani of the Central Electricity Regulatory Commission emphasizes the importance of cooperation, regulatory frameworks, and international support for safe and secure nuclear energy development.

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Unilever Ice-Cream names Abhijit Bhattacharya as CFO

CFO News

Hindustan Unilever: Bhattacharya brings 38 years of extensive experience, previously served as CFO and Board Member at Royal Philips NV since 2015.

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40% see exports declining this year: Survey

CFO News

A majority of Indian exporters cite high interest rates as a major hurdle, with many borrowing at rates over 12%. Despite government efforts to address freight concerns, borrowing costs and collateral requirements remain issues, especially for smaller exporters, affecting their competitiveness.

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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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IndusInd Bank shares plunge 17 pc; mcap erodes by Rs 15,572 cr amid disappointing earnings

CFO News

IndusInd Bank shares fell nearly 17% to a 52-week low after a 40% drop in Q2 net profit to ₹1,331 crore, with deteriorating asset quality and a market valuation loss of ₹15,572 crore.

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Centre, states, bake a bigger revenue pie after SC's order on alcohol

CFO News

The Supreme Court's affirmation of states' authority to tax all types of alcohol and mining helps enhance their fiscal capabilities. This gains significance post-GST, as states seek more autonomy in local revenue generation while balancing collaborative efforts with the Centre for equitable development.

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India Inc's revenue growth in Q2 to slow to 16 quarter low: Crisil

CFO News

India Inc is expected to report a 16-quarter low revenue growth of 5-7% for the September quarter. The stagnation in construction, a decline in industrial commodities, and sluggish investment-linked sectors contributed to the slowdown. Additionally, the agriculture sector experienced a significant 20-22% revenue drop.

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G20 countries reaffirm pledge to cooperate on taxing super-rich

CFO News

G20 finance ministers meeting in Washington on Thursday reaffirmed their desire to cooperate on taxing the super-rich, before a summit next month where taxes are expected to be a top priority. But at a previous meeting of finance ministers in July, the G20 pledged to cooperate to ensure that the very wealthiest are taxed more heavily, in the name of fighting inequality.

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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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Sebi clarifies on advertisement code for research analysts

CFO News

​This came after the Securities and Exchange Board of India (Sebi) received certain queries concerning the applicability of provisions of advertisement code on a research report issued by an RA.

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RBI MPC minutes indicate dichotomy: SBI Ecowrap report

CFO News

The SBI Ecowrap report on MPC meetings highlights divergent views among committee members on policy rates, with debate on inflation control versus economic flexibility. A proposed amendment seeks to shorten the release timeline for meeting minutes from 14 to 7 days for timely communication.

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Export Push: Govt working on easier loans for SMEs, ecommerce exporters

CFO News

India is developing a new collateral-free, pre-shipment loan scheme for SME and ecommerce exporters to help achieve $2 trillion in exports by 2030. This initiative aims to expand export credit and lower interest rates, focusing on firms' track records to ease financial difficulties and procedural trade finance issues.

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NBFC growth to be hit due to rising unsecured loan stress

CFO News

Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers' repayment capacities this fiscal year, says rating agency ICRA. Growth in microfinance and other unsecured loans will slow significantly. As a result, NBFC profitability will be affected. Regulatory guidelines will also play a role in moderating credit growth.

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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.