Thu.Apr 11, 2024

article thumbnail

CFOs mull future benefits for AI in tax: insightsoftware

CFO Dive

When it comes to bringing AI into tax, it remains a bit of a “wait and see” for finance chiefs, said insightsoftware’s Josh Schauer.

Finance 287
article thumbnail

A Short History of Stocks

Barry Ritholtz

Confused about where we are today? A favorite exercise is to go back to first principles to consider how we got to where we are. (That is a favorite way to find fresh insights). On the equity side, you have to go back a century or so. Equities were considered speculative endeavors, best suited for gamblers and punters. The exceptions? A handful of “Widows & Orphan” stocks, like Ma Bell, some railroads, utilities and the rare bank that was not suffering regular runs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Suspended ADM CFO’s pay ticked up in 2023 to $4.5M

CFO Dive

The majority of Vikram Luthar’s pay package for last year came from $3.4 million in stock awards, according to Archer Daniels Midland’s proxy filing.

281
281
article thumbnail

India Inc, CFOs and Gen AI

CFO News

Global consultancy firm Mckinsey has identified three areas where the Gen AI can have an impact on finance functions. First is automation, second is augmentation and third is acceleration.

Finance 59
article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

article thumbnail

Tech vendor Docyt adds voice feature to AI-driven accounting tool

CFO Dive

Docyt is among the software vendors racing to capitalize on recent advancements in AI. Many of them are zeroing in on the corporate finance market.

More Trending

article thumbnail

Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

CFO Dive

A lack of standardized definitions, metrics and transition finance instruments endorsed by international organizations threatens broader adoption, the CFA Institute said.

Finance 271
article thumbnail

Darrel Hackett recognized on list of Most Influential Executives in Corporate America

Bank of the West

Darrel Hackett, President & CEO, BMO Financial Group was recognized this week on Savoy Magazine’s list of the 2024 Most Influential Executives in Corporate America. The list showcases a dynamic… Read more The post Darrel Hackett recognized on list of Most Influential Executives in Corporate America appeared first on About BMO.

52
article thumbnail

GenAI in finance: transforming businesses

Future CFO

Chris Ortega , CEO, Fresh FP&A and Pras Chatterjee , Senior Director Product Marketing, Planning & Analysis at SAP discuss the impact of generative artificial intelligence on Financial Planning and Analysis (FP&A). In this video, they delve into how this technology is revolutionising finance teams , empowering them to generate actionable insights , improve strategic decision-making , and elevate their roles from traditional reporting to strategic advising.

article thumbnail

India reviewing Asean trade pact with an eye to boost domestic manufacturing

CFO News

India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.

article thumbnail

Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

article thumbnail

Managing Security Risks with Virtual Bookkeeping

CFO Share

Busy small business owners unable to keep up with their books often consider outsourced CFO services as a cost-effective solution. But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

article thumbnail

Oil’s rise complicates global war on inflation

CFO News

Rising oil prices pose inflation risks for India, with a $10/barrel hike potentially increasing consumer prices by 0.2-1.4%. Asian economies, especially net importers of crude, are sensitive to CPI and could face challenges.

52
article thumbnail

The Mentoring Round | John McCauley, CFO, Calendly

CFO Thought Leader

Inside The Mentoring Round, Calendly CFO John McCauley advises startups to prioritize building their product and achieving market fit before heavily investing in a finance organization. He believes that early-stage startups should focus on creating and selling their product, as this is more crucial to their immediate success. He expresses a preference for entering companies where the finance organization lacks maturity, providing him the opportunity to develop and mature the finance function fro

CFO 40
article thumbnail

Get ready for global turbulence, China imploding: Uday Kotak warns

CFO News

Uday Kotak has warned of global economic turbulence as US inflation may delay rate cuts, keeping interest rates elevated. Kotak predicts US rate cuts postponed until closer to US elections while the rates will remain elevated in global economies including in India. Fed officials see key interest rate peaking, aiming to ease policy gradually. US inflation surges, dampening rate cut expectations.

article thumbnail

Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

article thumbnail

ET Exclusive: Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn

CFO News

Bank of Tokyo-Mitsubishi UFJ (MUFG) is set to buy a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-10 billion. The decision is expected to take place next week at the HDFC Bank board meeting. The deal is expected to be among the largest deals in the shadow banking space in India. HDFC Bank owns 95% of the shadow bank, while employees own 5% as ESOPs.

Banking 40
article thumbnail

Fitch Co flags concerns over Vedanta demerger

CFO News

While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, "carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the business"

40
article thumbnail

FMCG hopes hinge on rains, polls & inflation: Britannia MD

CFO News

On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic rains. India's villages contribute nearly 40% of annual FMCG sales.

article thumbnail

Banks seek flexible reserve norms as RBI weighs risks

CFO News

Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.

Banking 40
article thumbnail

Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

article thumbnail

Economy poised for 8-9% growth, says CII President

CFO News

"We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses," said Confederation of Indian Industry (CII) president R Dinesh.