Fri.Oct 20, 2023

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CFOs should proceed cautiously as SBA loan access eases, experts say

CFO Dive

The Small Business Administration's new loan rules are expanding credit access to more companies but experts warn that it could lead some borrowers to take on too much debt.

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The Same Business Software for Every Stage of Your Company’s Growth

Navigator SAP

Each stage of the business growth journey brings new challenges for an organization. Selecting, moving data and learning new software should not be one of those challenges.

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Trending Sources

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With venture arm, Huntington Bank CFO keeps eye on innovation, liquidity

CFO Dive

In the face of economic uncertainty, access to the innovation economy is essential to help bolster growth, Huntington Bank’s CFO says.

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Dollars Are For Spending & Investing, Not Saving

Barry Ritholtz

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. It does that splendidly.” 1 Today, we’re going to look at a perennial (un)favorite #chartfail. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Morgan Stanley upgrades India to 'standout overweight' market

CFO News

India has been structurally outperforming MSCI EM index by 45.5 per cent (in USD terms) from early 2021 until October 2022, and "we expect outperformance to continue, with India starting to show a material breakout in relative EPS versus EM and having relatively low correlation/revenue from both the US and China," it said.

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More Trending

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Millions of jobs coming up in EV sector, data & AI roles to get maximum hikes

CFO News

The demand for workers with green skills is expected to move further up in the coming years. Estimates differ, with different industry leaders pegging job creation in the EV sector at different levels, but everyone seems united in the view that millions of new roles are getting created.

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Weekend Reading For Financial Planners (October 21-22)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study from Fidelity Institutional highlights the growing popularity of the RIA model and the success advisors have had after going independent. The study found that 1 in 6 advisors have moved firms in the past 5 years, with the majority opting for the independent channel.

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Taxpayers slapped with unexpected notices for old tax demands

CFO News

Taxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have already been paid and closed. Many taxpayers are confused as they no longer have the payment receipts or rectification orders to prove they have paid the taxes. The errors are believed to be a result of the department migrating to a new system.

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Entering Year Two of the Bull Market with Tom Lee

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tom Lee, and Downtown Josh Brown discuss earnings, the liquidity starved bull market, economic indicators, the Fed’s next move, housing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere el.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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A quick update on Thursday’s 5-year TIPS auction

Tips Watch

There is an explanation for everything, right? By David Enna, Tipswatch.com As they say, “You learn something every day.” At least you should learn something every day.

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Adani Group raises $3.5 billion to refinance debt

CFO News

The transaction is being financed by a consortium of 10 international banks including DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank. Other banks in the consortium include Barclays Bank PLC, BNP Paribas, Deutsche Bank, ING Bank, Sumitomo Mitsui Banking Corporation and Standard Chartered.

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The Basics of Multi-Currency Account Reporting

Spreadym

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. This type of account is often offered by banks and financial institutions to accommodate businesses and individuals who conduct international transactions or deal with various currencies regularly.

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RBI imposes Rs 2.5 crore fine on L&T Finance

CFO News

The Reserve Bank of India said L&T Finance failed to notify the change in penal interest rate to borrowers, when it charged penal interest rate higher than what was communicated at the time of sanction.

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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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Accelerating AI while building trust

Future CFO

Finance leaders are in need to keep up with the rapidly changing market brought about by the advent of artificial intelligence in the business landscape. To use AI and generative AI to deliver near-term outcomes, transformative innovation and increased trust is not an easy task. Implement responsible AI to build trust. Responsible AI offers frameworks, templates and code-based assets for your AI usage and data governance to be ethical, secure, compliant and robust.

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MPC Minutes: Declining core inflation a silver lining, says RBI Governor Das

CFO News

Governor Shaktikanta Das of the Reserve Bank of India (RBI) has highlighted the declining core inflation as a positive amidst volatile headline inflation. He also noted that risks to the inflation outlook come from uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. Das emphasized proactive steps taken to manage supply side interventions and keep food inflation in check.

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Ex-Trump CFO targeted in fraud trial for emails, testimony

CFO Dive

The New York Attorney General’s Office wrote that it has “identified likely omissions” of data provided by the Trump Organization in response to subpoenas.

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Single-owner company proprietor not eligible for L1 foreign work visa, says US

CFO News

The updated policy released Friday distinguishes a sole proprietor from a self-incorporated petitioner (such as a corporation or a limited liability company with a single owner), where the corporation or the single member limited liability company is a separate and distinct legal entity from its owner, which may petition for that owner.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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India's forex reserves up $1.15 bn to $585.90 bn

CFO News

India's foreign exchange reserves rose by $1.153 billion to reach $585.895 billion for the week ending October 13, according to the Reserve Bank of India (RBI). The increase comes after a decrease of $2.166 billion in the previous week. Foreign currency assets dropped by $178 million to $519.35 billion, while gold reserves increased by $1.27 billion to $43.58 billion.

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A new charter for the NARCL, IDRCL twins!

CFO News

The purpose of The Twins to take over stressed debt is in doldrums as the banking systems net non-performing assets are at multi-year low of 1%.

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1.69 million formal jobs created under EPFO in August

CFO News

Labour ministry’s payroll data for EPFO, released on Friday, shows the formal jobs created in August this year were the same as August last year though the net new subscriber addition fell by over 10% month-on-month with 1.87 million subscribers added to the retirement fund body in July this year.

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EU only wants free trade deal with India that gives it 'real' market access

CFO News

European Union member states are pushing for a free trade agreement with India, but only if it provides real access to India's markets, according to Spanish Deputy Trade Minister Xiana Mendez. The EU wants greater access to Indian markets for its cars, alcoholic drinks, and agri-food products, while India is seeking easier visa access to the EU for Indian professionals.

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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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US auto strike's economic fallout starts to hurt global businesses

CFO News

The month-long strike by hourly workers at the Detroit Three automakers is starting to have a financial impact on businesses, including airlines and auto parts makers. Analysts warn that the cost could increase if the strike continues. Companies are already counting the cost of lost revenue in an uncertain economy.

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All of HUL's categories have room for strong growth: MD

CFO News

Hindustan Unilever (HUL) managing director, Rohit Jawa, stated that all the categories in which the company operates will experience an S-curve of growth driven by increased per-capita consumption and higher rural contribution. He mentioned that HUL has already shown this growth curve in categories such as home care and fabric conditioners, and sees similar opportunities in new demand spaces.

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Interest rates will stay high for now, says RBI Governor Shaktikanta Das

CFO News

The Indian economy has developed resilience, enabling it to withstand large shocks and navigate an increasingly turbulent global landscape, the governor said, urging banks and financial institutions not to lower their guard.

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Volatile food prices to keep monetary policy makers on alert

CFO News

The Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets.

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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.