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 278
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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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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 271
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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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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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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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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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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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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 263
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Strengthening Digital Dexterity – Three steps to help CFOs deliver digital business outcomes

Future CFO

To keep pace with the constant changes brought about by digital business, CFOs need to acquire new skills and knowledge. Now more than ever, digital aptitude is not only necessary to vet business cases and measure outcomes for digital projects but it’s also needed to drive a company’s long-term success. According to a recent Gartner study, 1 companies that met or exceeded expectations for returns on digital spending increased earnings before EBITDA at a rate of 2.8 percentage points faster than

Finance 98
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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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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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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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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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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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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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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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Maximize Growth and Profitability Through Strategic Budget Planning

E78 Partners

Download our free budget planning checklist 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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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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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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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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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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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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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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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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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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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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Looking back at my longest-held stocks

Tips Watch

By David Enna, Tipswatch.

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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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Risky Business: Q&A With BMI’s Yoel Sano

Global Finance

Yoel Sano, head of Global Political and Security Risk at BMI, a Fitch Solutions company, speaks with Global Finance about the most prescient warnings heading into 2025 and beyond. Global Finance: How has rising inflation impacted your country scores? Yoel Sano: Higher inflation generally means higher risk of social instability. When Russia attacked Ukraine, we saw an immediate inflation spike; the cost-of-living crisis went global.

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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.