Mon.Sep 09, 2024

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UPenn, University of Texas produce most CFOs

CFO Dive

In a shakeup, The University of Texas at Austin unseated University of Virginia this year to top the list of public schools that have produced the most sitting finance chiefs.

Finance 245
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Stakes Rising In The US-China AI Race

Global Finance

The intensifying competition between the United States and China over artificial intelligence (AI) is not merely an extension of their long-standing trade disputes; it is a critical battle that could reshape global power dynamics. Two recent developments have amplified the significance of this struggle: the war in Ukraine, which has vividly illustrated how AI, particularly in the form of AI-enhanced drones, can be weaponized, underscoring the technology’s lethal potential in modern warfare; and

Economics 111
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Trending Sources

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Companies lean on AI in push to curb cyber insurance costs

CFO Dive

Half of business leaders responding to a Delinea survey said their organization was able to negotiate a lower cyber insurance rate after using AI.

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CFO Corner With Groupe Berkem’s Anthony Labrugnas

Global Finance

Anthony Labrugnas has been the chief financial officer of Groupe Berkem, a France-based chemical group, for nearly 10 years. Berkem has been listed on the EuroNext since December 2021. Global Finance: What has been the most challenging time of the 10 years you have been CFO at Groupe Berkem? Anthony Labrugnas: The most challenging time as the financial head of Groupe Berkem was at the beginning, because of the company’s financial situation at that time.

CFO 111
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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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B2B payment fraud poised for 2024 surge

CFO Dive

The threat can be devastating, with many companies losing more than 30% of their total revenue to fraudulent activities each year, according to a Creditsafe report.

B2B 247

More Trending

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New Eli Lilly CFO to receive $1M salary, bonus opportunity

CFO Dive

The financial leadership transition is coming as the pharma giant hovers just below a $1 trillion market cap in the midst of rising demand for several new medications.

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Gautam Adani's plan to invest $1.85 billion in Kenya’s largest airport blocked by court

CFO News

Kenya’s High Court has temporarily paused a government plan to transfer the management of Nairobi's Jomo Kenyatta International Airport to Adani Group. The 30-year lease proposal has sparked controversy, with Kenya’s aviation union raising concerns about potential job losses and foreign workers replacing locals. The Adani Group has yet to comment on the situation.

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Companies boosting salary budgets at near-record pace in 2025

CFO Dive

Salaries will likely rise at a robust clip even though the job market since the pandemic has gradually cooled, the Conference Board said.

Budgeting 222
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GST Council Meet: New GoMs on insurance & compensation cess to B2C e-invoicing pilot, here are key highlights

CFO News

The 54th GST Council meeting concluded on Monday unveiled major reforms, including new Groups of Ministers, tax rate adjustments, and a voluntary B2C e-invoicing pilot, shaping India's tax landscape.

B2C 75
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4 Things Great Companies Do to Improve Cash Flow

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Salesforce shapes industry-tailored AI play targeting 15 sectors

CFO Dive

The software provider unveiled an AI Use Case Library with more than 100 AI capabilities aimed at financial services, life sciences, healthcare and other sectors.

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CreditAccess Grameen elevates Nilesh Dalvi to CFO

CFO News

Nilesh Dalvi, who joined CreditAccess Grameen in 2019, previously held the role of Senior Vice President, leading Investor Relations and ESG initiatives, before being elevated to Chief Financial Officer.

CFO 74
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Maximize Growth and Profitability Through Strategic Budget Planning

E78 Partners

For private equity firms, success isn’t just about acquiring companies; it’s about transforming them. The mandate is clear: rapidly create value, manage risk, and prepare for a profitable exit. Under these pressures, one aspect often underestimated is the power of strategic budget planning. It’s not just about managing numbers—it’s about aligning financial strategies with business goals to unlock value at every stage of the investment cycle.

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Saurashtra Cement appoints Pradeep Mehta as CFO

CFO News

Saurashtra Cements has announced the appointment of Pradeep Mehta as its new Chief Financial Officer, following the retirement of Virendra Raj Mohnot on September 8, 2024.

CFO 74
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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Corporate Treasurers Proceeding With Caution

Global Finance

Corporate treasury professionals are reassessing investment strategies to stay agile and conserve cash amid interest rate shifts and geopolitical uncertainty. Huge interest rate shifts and geopolitical uncertainties have prompted a major rethink by corporate treasurers as they steer their companies through an economic landscape that exposes them to risk and opportunity in equal measure.

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Navigating the International Waters of Tax Compliance: A Guide for Startups

CFO Plans

As a startup operating in today’s globalized world, it’s essential to understand the complexities of international tax regulations. One crucial aspect that often gets overlooked is the requirement to file foreign ownership disclosures and potentially an FBAR (Report of Foreign Bank and Financial Accounts). Failure to comply with these regulations can lead to significant penalties and legal consequences.

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The Treasury Function Gets Strategic

Global Finance

New tools and techniques, including AI and ML, are helping treasurers to optimize cash flow—and giving them a bigger role in strategic business decision making. Not that long ago, corporate treasurer—the top slot in every company’s green-eyeshade corps—was about the last position most observers would tag as strategic. While the job has always had a strong risk-management component, the basic task was simple: making sure the company has cash available, when and where it’s needed.

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Why Service Advisors Who Obtain CFP Marks Are Making More Money For Themselves And Their Firms

Nerd's Eye View

While the share of advisors with the CFP marks has risen steadily over time, today, about 2/3 of financial advisors are not CFP professionals. This means that, for most advisors, the decision to obtain this designation remains an open one. A crucial factor in an advisor's decision to prepare for the CFP exam – often requiring them to sacrifice evenings and weekends to complete the requisite coursework (which can take more than a year), and spending many thousands of dollars – is whet

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Enterprise AI: Are we at the crest or the trough?

Global Finance

The rise of enterprise AI AI adoption in banks has been supercharged by generative AI. But is this just another short-lived and overhyped technology? Or is it truly the start of a new revolution in financial services? The financial services industry has had several similar moments in the past decade, yet not all of them have resulted in true transformation.

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Repco Home Finance’s CFO K Lakshmi resigns

CFO News

K Lakshmi, joined Repco Home Finance in 2022, and tendered her resignation citing personal reasons.

CFO 74
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The Czech Republic: Looking To Diversify

Global Finance

Czechia engineers a shift from heavy industry to green energy and high tech as it recovers from last year’s recession. In the years between the world wars, Czechoslovakia was the economic powerhouse of Central Europe, synonymous with such names as Skoda Autos, Tatra Truck, Jawa Motorcycles, Bata Shoes, and Bohemia Crystal, with the region’s highest living standard.

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Tac Infosec CFO Vishal Jain resigns

CFO News

Vishal Jain stepped down from his role citing personal reasons.

CFO 75
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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Looking back at my longest-held stocks

Tips Watch

By David Enna, Tipswatch.

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India Inc sees 63 pc surge in deal value at $8.7 billion in August: Report

CFO News

India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined, a report showed on Monday.

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Dealing with Aging: Updating the Intel, Walgreens and Starbucks Stories!

Musings on Markets

A few weeks ago, I posted on the corporate life cycle , the subject of my latest book. I argued that the corporate life cycle can explain what happens to companies as they age, and why they have to adapt to aging with their actions and choices. In parallel, I also noted that investors have to change the way they value and price companies, to reflect where they are in the life cycle, and how different investment philosophies lead you to concentrated picks in different phases of the life cycle.

Valuation 108
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Dixon to make laptops, computers for HP in India at a factory in Tamil Nadu

CFO News

HP Inc. and Dixon Technologies' Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and all-in-one systems in Tamil Nadu. The announcement, made by Union Minister Ashwini Vaishnaw, highlights the success of the Production Linked Incentive scheme under the Make in India initiative. The new facility is expected to create approximately 1,500 jobs initially.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.