Thu.Oct 17, 2024

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The Power of Partnership for Financial Institutions 

Global Finance

The need for partnership can be seen through both a global and regional context. No bank or financial institution has a fully comprehensive global suite of services and a local or regional partner can support areas of non-core strength. No matter the geopolitical noise, the world remains highly connected and customers expect to be served seamlessly across markets.

Leverage 105
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Retail sales exceed forecasts, underscoring solid 2024 economic growth

CFO Dive

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

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Trending Sources

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IBC may get a voluntary group insolvency mechanism soon

CFO News

India is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of interconnected entities within a corporate group. Initially, it will exclude solvent companies and multinational groups. This initiative aims to speed up resolutions, particularly in cases like Videocon and others, by allowing creditors to choose coordinated or separate processes.

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AICPA joins backlash against TurboTax ad campaign

CFO Dive

The group said Intuit’s decision to halt the ad, which also drew push back from the National Association of Tax Professionals, is a “positive step.

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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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New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroad

CFO News

New relief for income taxpayers on tax collected at source: The income tax department has amended the income tax laws to allow claiming of tax collected at source credit to other person than the collectee. However, the TCS credit can given to another person only if the collectee has submitted the declaration.

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More Trending

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'India's growth rate is among the shiniest parts in the world economy': Ajay Banga

CFO News

World Bank Managing Director for Operations Anna Bjerde said the bank is supporting the government turning the growth into jobs and also sustainable development.

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How to calculate gross profit: A guide for finance leaders

Cube Software

Key takeaways Gross profit gives insight into the efficiency of a company's core operations by subtracting the cost of goods sold (COGS) from total revenue. You calculate gross profit by calculating your revenue and then subtract the cost of goods sold. Gross profit margin shows how efficiently a company turns revenue into profit relative to its production costs.

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AI will transform CFO Offices

Future CFO

A Wolters Kluwer survey reveals that the integration of artificial intelligence (AI) into finance functions is rapidly shifting from uncertainty to optimism. The report, titled AI in Finance: From Skepticism to Optimism , indicates that a significant majority of finance professionals are ready to embrace AI technologies, with 70% planning investments in the next five years.

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A Bold Move: How Family Led One CFO from the Corner Office to a Startup

CFO Thought Leader

Inside The Mentoring Round , CFO Aira Pineda reflects on her bold career move, leaving a high-profile role in the city to join Scrubbed, a small startup, in order to better accommodate her family. As CFO, her priorities for the next 12 months center on improving operational efficiency through data-driven decision-making and enhancing visibility with new KPIs.

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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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Kitces & Carl Ep 149: Do You Really Need A Business Partner… Or A Study Group?

Nerd's Eye View

Launching an advisory firm can be a daunting endeavor, requiring advisors to take on significant financial and responsibility with no guarantees of success. Given these challenges, advisors may consider bringing on a business partner to share both the costs and the burden of decision-making. By pairing with a partner in the firm's early days, advisors can benefit from their business partner not just by having someone to split costs and risks with, but also to consult with as a sounding board and

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Connecting with Your Audience, Communication, and Executive Presence

CFO Talks

Connecting with Your Audience, Communication, and Executive Presence In the fast-paced world of corporate finance, CFOs in South Africa are expected to do more than just crunch numbers—they need to be effective communicators. Communication is key in conveying financial insights to various stakeholders, from board members to employees. Your ability to connect with your audience and demonstrate executive presence can make or break your influence as a leader.

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States' capex growth to moderate in FY'25: Report

CFO News

State government's capital expenditure (capex) is expected to grow by 13 percent in FY’25, slowing down from 19 percent in FY'23-24 due to a slower start and lower revenues, according to Icra. Some states, like Maharashtra, have fiscal space for welfare schemes despite these challenges. Overall fiscal deficit of 13 states is projected at Rs. 8.8 lakh crore.

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PayNearby to invest $50-60 million in next 3 Years; CFO Vikas Jalan Says no rush for IPO

CFO News

PayNearby is poised to invest $50-60 million, aiming to significantly boost transaction volumes and onboard 500 million UPI customers. CFO Vikas Jalan shares insights on the IPO strategy.

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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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NSDL settles depository violation rule case with Sebi; pays Rs 3.12 cr

CFO News

The National Securities Depository Ltd (NSDL) on Thursday settled a case pertaining to alleged violation of depository rules with markets regulator Sebi after paying Rs 3.12 crore towards settlement amount.

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NCLAT closes insolvency proceedings against JHL as Max Healthcare settles creditor's claims

CFO News

The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against Jaypee Healthcare, as financial creditors' dues were settled by Max Healthcare with a Rs 1,035.29 crore payment. The CIRP was initiated by NCLT following a petition by JC Flowers Asset Reconstruction Ltd.

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Direct tax mopup rises 294 percent in a decade

CFO News

Total number of taxpayers surged to 10.41 crore, from 5.70 crore in FY15, as per the data. The number of tax returns more than doubled to 8.61 crore in 2024 from 4.04 crore in FY15. The tax-to-GDP ratio showed a marked improvement at 6.64% in FY25 as compared with 5.55% in FY15. Tax buoyancy increased to 2.12 from 0.86, the data showed, with the contribution of direct tax to the overall tax kitty rising marginally to 56.72% in FY24, from 56.16% in FY15.

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It's collective responsibility to improve corporate governance, follow global standards: NFRA Chief

CFO News

Ajay Bhushan Pandey highlighted the need for sustained corporate governance reforms. Company management, independent directors and audit committee, statutory auditors, shareholders, and regulators make up the five lines of defence to improve corporate governance, he said.

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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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Vishal Mega Mart files updated IPO papers with Sebi; eyes Rs 8,000-cr

CFO News

The updated draft filing comes after Vishal Mega Mart's confidential offer document was approved by Sebi on September 25. The company filed its offer document in July through the confidential pre-filing route.

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It's collective responsibility to improve corporate governance, follow global standards: NFRA Chief

CFO News

NFRA Chairperson Ajay Bhushan Prasad Pandey stresses the importance of aligning Indian auditing standards with global norms to enhance corporate governance and attract investors. He highlights five defence lines in governance and calls for reforms to detect frauds early and foster global investor trust in India's growing economy.

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India Inc.’s spending splurge may not trickle down

CFO News

Indian conglomerates plan to invest $800 billion in the next decade. Most funding will go to existing businesses, but 40% will target new sectors like green hydrogen and electric vehicles. High interest rates, fiscal tightness, and local competition could pose risks. S&P sees execution and borrowing challenges due to unproven technologies.

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Zepto taps domestic family offices; Infosys, Wipro Q2 results

CFO News

Zepto is in talks with domestic investors for another fundraise which may value the company at $4.6 billion. This and more in today’s ETtech Top 5.

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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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GSTN's new ITC integration move to increase compliance, but clarity needed on discrepancies, say experts

CFO News

GSTN: The integration of GSTR-2B into GSTR-9 is expected to enhance the accuracy and consistency of tax filings, say experts.

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IBM drives manufacturing's digital shift with AI, IoT, and sustainability focus

CFO News

IBM Executive Director Rajesh Parameswaran outlines key trends and strategies to transform manufacturing through technology.

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Infosys adds 2,456 employees in Q2FY25, reversing trend after six quarters

CFO News

Infosys: The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June)

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Sensex falls! These stocks are down 5% or more on BSE

CFO News

Stocks Plunged News: In the Nifty pack, 25 stocks were trading in the green, while 25 stocks were trading in the red.

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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.