Tue.Feb 06, 2024

article thumbnail

Spotting trends: the power of horizontal analysis in finance

Cube Software

Understanding horizontal analysis Most financial metrics look at the current data in isolation. This can be useful if you’re comparing the numbers with industry averages or rules of thumb, but horizontal analysis is a far better way to gauge the success (or lack) of the strategic decisions being made in the company.

Finance 52
article thumbnail

Clorox says it incurred $49M in costs from 2023 cyberattack

CFO Dive

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

Sales 274
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

PodChats for FutureCFO: The evolving partner role of finance in 2024

Future CFO

In recent years, the role of chief financial officer (CFO) has never been more challenging as it is fulfilling for those who hold this position. From geopolitical uncertainties to changing market dynamics, from technological innovations that are paving the way for new business models, and from calamitous weather disturbances that are reminding business leaders about the importance of addressing climate change today for a sustainable future tomorrow, the CFO has an important seat in directing the

Finance 98
article thumbnail

The fight against cyber fraud: How to up your game in 2024

CFO Dive

CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

255
255
article thumbnail

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

article thumbnail

GST authorities issue notices over input tax credit discrepancies

CFO News

GST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against monthly filings. Notices under Section 150 of the CGST Act demand explanations for "short reporting" of ITC. However, businesses argue that some notices lack verification, imposing undue compliance burdens.

More Trending

article thumbnail

IBC review proposed to speed up resolutions

CFO News

The Parliamentary Standing Committee on Finance calls for a review of the Insolvency and Bankruptcy Code (IBC) to address implementation challenges, emphasizing the need to uphold its intended purpose. Highlighting low actual recoveries and significant delays in resolution processes, the committee recommends enhancing the strength of the National Company Law Tribunal (NCLT) to address case backlog.

Finance 52
article thumbnail

Costco taps former Kroger finance chief to serve as CFO

CFO Dive

Gary Millerchip, a key architect of the grocer’s pending merger with Albertsons, is taking over from Richard Galanti, who is leaving the club retailer after nearly 40 years.

Finance 144
article thumbnail

Vedanta to invest $4 billion in 3 years, double production

CFO News

Vedanta plans to invest $4 billion to double its oil and gas production capacity to 300,000 barrels per day. This investment is part of the $20 billion that Vedanta has already invested in the sector. Vedanta currently produces 140,000 barrels of oil equivalent, but aims to increase it to 200,000 barrels in three years.

article thumbnail

Boost the accuracy of investment analysis with the XIRR formula

Cube Software

What is XIRR? In investment analysis, one term that often surfaces amidst discussions of cash flow, returns, and financial forecasting is XIRR, or the Extended Internal Rate of Return. But what exactly is XIRR, and how does it stand apart from the traditional Internal Rate of Return (IRR) that many of us are accustomed to?

article thumbnail

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.

article thumbnail

Foxconn India to spend Rs 1,200 cr to build a factory, scale up operations

CFO News

Foxconn plans to invest ₹1200 crore in a factory in India through its subsidiary, Hon Hai Technology India Mega Development. The investment is aimed at 'operational needs', following previous reports of Foxconn investing over $1.5 billion in an Indian construction project.

article thumbnail

Spotting trends: the power of horizontal analysis in finance

Cube Software

Understanding horizontal analysis Most financial metrics look at the current data in isolation. This can be useful if you’re comparing the numbers with industry averages or rules of thumb, but horizontal analysis is a far better way to gauge the success (or lack) of the strategic decisions being made in the company.

Finance 52
article thumbnail

Insurance premiums: Parliamentary panel calls for lowering GST on insurance

CFO News

The committee, in its recommendations, observed that the high rate of GST results in a high premium burden, which acts as a deterrent to getting insurance policies. The current GST rate is 18%.

52
article thumbnail

Navigating financial changes: the role of flux analysis for SMBs

Cube Software

Understanding flux analysis Flux analysis, in the world of financial management, is like having a high-powered microscope for your business's finances. It's all about diving deep into your financial statements to spot where the numbers have shifted significantly over a period—be it revenues, expenses, or assets. This method is especially handy for finance and FP&A leaders looking to pinpoint the 'why' behind these changes, ensuring that every variance is accounted for and understood.

Finance 52
article thumbnail

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.

article thumbnail

ED probe on Paytm horizon; Vijay Shekhar Sharma knocks on FM’s doors

CFO News

Paytm founder and chief executive officer Vijay Shekhar Sharma Tuesday met finance minister Nirmala Sitharaman in the backdrop of the banking regulator’s action against the fintech firm. He had met top RBI officials on Monday. A comprehensive investigation could be initiated in view of the reference after ascertaining relevant details, said one of the persons.

Finance 52
article thumbnail

#FA Success Ep 371: Pairing Equity Appreciation Rights With Partnership Equity To Retain Long-Term Advisor Talent, With David Savir

Nerd's Eye View

Welcome everyone! Welcome to the 371st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Savir. David is the Co-Founder and CEO of Element Pointe Family Office, a Fee-Only RIA based in Miami, Florida that oversees almost $1.6 billion in assets under advisement for 50 client households. What's unique about David, though, is that through his 8 years building Element Pointe and focusing exclusively on high and ultra-high-net-worth clients, he and his partner Ca

article thumbnail

BharatPe gets fresh notice from MCA

CFO News

BharatPe confirmed receipt of the notice and in a reply to ET’s questions, said it is related to an inquiry that started in 2022. The Registrar or Companies, an arm of the ministry, has sought additional information in a letter to the company, a spokesperson said.

52
article thumbnail

Transcript: Tom Hancock, GMO

Barry Ritholtz

 The transcript from this week’s, MiB: Tom Hancock, GMO Focused Equity , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:10 [ Barry Ritholtz ] This week on the podcast, I have an extra special guest.

article thumbnail

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.

article thumbnail

RBI may issue clarification on Paytm in view of large user base

CFO News

Amidst the Paytm controversy, Financial Services Secretary Vivek Joshi hinted at potential Reserve Bank clarifications due to the platform's extensive user base. Joshi highlighted the central bank's consumer protection focus. He affirmed the strong performance of public sector banks, emphasizing minimal government interference. Joshi outlined upcoming financial sector reforms, including amendments to banking and insurance laws.

Banking 52
article thumbnail

Top 10 Reasons Why Considering a Fractional CFO Could be a Transformative Decision

Boston Startup CFO

Engaging the services of a Fractional Chief Financial Officer (CFO) presents a multitude of advantages that can significantly elevate a business's financial prowess and overall performance. A Fractional CFO, functioning as a part-time, virtual, and outsourced financial expert, brings a depth of knowledge and strategic guidance without the hefty expenses and long-term commitment associated with a full-time CFO.

CFO 40
article thumbnail

SC slams IT department for filing cases after time limit

CFO News

The Supreme Court criticized the income-tax department for filing petitions belatedly, highlighting a delay of over four years in an appeal against Bharti Airtel Ltd. The court urged the department to establish a proper litigation policy, noting its status as the "biggest litigant" in India. Rejecting the appeal, the court cited the department's tendency to reopen cases after sporadic successes, emphasizing the need for more judicious litigation practices.

52
article thumbnail

972: Recalibrating Your Strategic Lens | Rachel Stack, CFO, Cologix, Inc.

CFO Thought Leader

Not unlike that of many of her CFO peers, Rachel Stack’s journey toward becoming a CFO has been punctuated by pivotal transactions. No single example of this turns out to have been more complicated or rich with lessons than what Stack refers to simply as “the take-private of Zayo.” However, before the path forward for Zayo was made clear, there had been a moment of strategic recalibration that would test her resolve and shape her approach to future challenges.

CFO 52
article thumbnail

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

article thumbnail

Canara Bank board to consider stock split on February 26

CFO News

The approval from Canara Bank's board on the stock split will be subject to prior approval of the Reserve Bank of India (RBI) and other statutory or regulatory approvals, the filing said further. Canara Bank shares ended at Rs 522 on the NSE on Tuesday, higher by Rs 1.75 or 0.34% over the previous closing.

Banking 52
article thumbnail

Ex-Trump CFO could face prison again, experts say

CFO Dive

Judge Arthur Engoron shone a spotlight on the ex-CFO’s credibility in a Tuesday email, asking attorneys in the Trump civil fraud case for clarity on the potential plea.

CFO 266
article thumbnail

Fintechs parse KYC processes as Paytm bank saga plays out

CFO News

Industry insiders and startup founders pointed out that the KYC (know your customer) issues around Paytm Payments Bank might not be unique to one company; many startups end up taking shortcuts to onboard customers quickly. And once a company grows in size, managing risk and compliance becomes a big challenge.

Banking 52
article thumbnail

DIIs' ownership of Indian companies may soon overtake FII holdings

CFO News

Foreign holdings in NSE-listed companies was at 18.19% as of December 2023 down from 19.66% in December 2018 or 19.36% as of December 2013. FIIs holding hit a peak of 21.21% in December 2020.

52
article thumbnail

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.