Fri.Dec 20, 2024

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The radical transparency era is here: ready or not, CFOs

CFO Dive

CFOs need to gain a baseline understanding of how their companies are perceived externally — those that don’t are “flying blind,” McKinsey’s Andy West says.

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Does SAP Have Industry-Specific ERP Solution Packages?

Navigator SAP

As a business grows, there comes a time when it must move from a collection of small business software solutions to an integrated, industrial-strength enterprise resource planning solution (ERP) built for added complexity and greater transaction volumes. However, ERP is complicated to set up and roll out since it touches all parts of a business and encompasses all of an organizations processes.

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Trending Sources

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Intel shareholders look to yank back ex-CEO, CFO compensation

CFO Dive

CFO and co-interim CEO David Zinsner, along with the company’s former CEO, misled shareholders about the financial performance of Intel’s foundry unit, shareholders allege.

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Weekend Reading For Financial Planners (December 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 the CFP Board announced a series of proposed changes to its certification requirements, including an increase in required Continuing Education (CE) hours for current certificants to 40 hours every two years (up from the current 30 hours) and, for candidates for certification, a tightening of the Experience requirement (so that qualifying experience for the 6,000-hour "Stan

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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.

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Tariffs could jump by $1.2 trillion annually: PwC

CFO Dive

Businesses should prepare for wide-ranging impacts stemming from a new presidential administration, including the need to revamp supply chains and cost structures.

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More Trending

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How to Optimize Your Cloud Spend Management

E78 Partners

Cloud services are an indispensable part of the digital strategy for organizations that seek to innovate and scale. However, managing cloud costs effectively is a complex challenge that demands strategic focus. For technology leaders, particularly in private equity-backed companies, cloud spend management is a critical lever for driving profitability and value creation.

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How to do Budget Forecasting: Techniques, Top Tools, and Template

Lime Light

It is a traditional practice for companies to project estimates and expectations for a new fiscal year. To do this effectively, organizations employ an essential financial planning technique known as budget forecasting. This tool aids businesses in projecting future income and costs, guaranteeing efficient use of resources and strategic decision-making.

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How to Optimize Your Cloud Spend Management

E78 Partners

Cloud services are an indispensable part of the digital strategy for organizations that seek to innovate and scale. However, managing cloud costs effectively is a complex challenge that demands strategic focus. For technology leaders, particularly in private equity-backed companies, cloud spend management is a critical lever for driving profitability and value creation.

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Top 10 Budgeting Software for Nonprofits in 2025

Lime Light

Effective budgeting is vital for nonprofit organizations, ensuring transparency, compliance, and mission alignment amidst complex financial and accounting demands. Unlike for-profits, most nonprofits face challenges like restricted donations, tracking diverse funding sources, and maintaining precise records under rigorous public inspections.

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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.

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NFRA’s latest audit inspections reveal major deficiencies in BSR & Co. and Lodha & Co.

CFO News

The NFRA's recent audit inspections of BSR & Co. LLP and Lodha & Co. LLP have exposed significant lapses in related party transactions, audit documentation, and independence controls. However, the report highlights improvements from previous inspections for BSR & Co. Both firms have acknowledged these issues and committed to implementing corrective actions to enhance their audit practices and regulatory compliance.

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MiB: Dana Mattioli on Amazon’s Everything War

Barry Ritholtz

This week, we speak with Dana Mattioli , who as Senior Enterprise Technology Reporter for the Wall Street Journal covers Amazon. Her investigations into the retail giant’s business practices, market power, and antitrust issues led her to write The Everything War: Amazons Ruthless Quest to Own the World and Remake Corporate Power. She won the 2021 Gerald Loeb Award for Beat Reporting, the WERT Prize from the Womens Economic Roundtable, and the Front Page Award for her Amazon coverage.

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Charting India’s Deal Landscape: What’s in for 2025?

CFO News

Large private equity (PE) deals, high-profile corporate mergers such as RelianceDisney, AdaniACC and Ambuja, and Mankinds acquisition of Bharat Serums, along with a surge in IPO activity, have fuelled the M&A boom. As a result, Indias annual M&A market has doubled the previous decades average of USD 70bn to USD 140bn in the current decade. After a slowdown in deal-making from mid-2022 to 2023, the country has seen a strong recovery in its M&A performance.

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Bitcoin taxation: Only Rs 33 lakh income tax liability on Rs 6.64 crore gain by selling Bitcoin for an Infosys employee, rules Jodhpur ITAT

CFO News

Bitcoin is capital asset: Jodhpur ITAT recently ruled that an Infosys employee who purchased Bitcoin using his salary should pay capital gains tax at 20% rate and also claim section 54F tax exemption after he sold the Bitcoin for Rs 6.69 crore. The Income Tax Department wanted this person to pay 30% tax on that more than Rs 6 crore gains but lost the case.

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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.

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Rise of sustainable entrepreneurship: How Eco-friendly businesses are revolutionising industries

CFO News

Sustainable entrepreneurship is transforming business by prioritizing both profit and the planet. Driven by moral imperative, consumer demand, and regulations, these businesses embed green practices throughout their operations.

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Gig economy led to precarious employment arrangement: Supreme Court

CFO News

The Supreme Court slammed the misuse of temporary contracts. The court highlighted the exploitation of workers, especially in the gig economy. The court ordered reinstatement of sweepers who worked for two decades. The sweepers were employed by the Central Water Commission. The court ordered back wages for the sweepers. The court stressed fair employment practices for government organizations.

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Incomes are either rising too slowly or falling at the lower end of the bracket

CFO News

Indias gross domestic product (GDP) has been growing at a much faster clip than expected most government agencies and financial institutions peg it at over 7%. Yet, the households tell another story. Most of them saw their real income growth after accounting for inflation fall by 3.1% in the last five years.

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Electricity distribution companies continue to remain a burden on state finances: RBI

CFO News

The Reserve Bank of India reported that DISCOM losses reached Rs 6.5 lakh crore, impacting state finances. The RBI recommends improving efficiency, reducing losses, and aligning tariffs with costs. Privatization and unbundling are also suggested. States are showing fiscal discipline, with a gross fiscal deficit contained at 2.91 percent of GDP. Capital outlay increased, indicating investment in infrastructure.

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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.

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Biotech startups in India surged from 50 to about 9,000 in last decade: Jitendra Singh

CFO News

Biotech Startups India: From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, said Union Minister Jitendra Singh.

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Tata Consumer Products denies reports on exit of Starbucks from India

CFO News

Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to reach 1,000 stores by FY28. Starbucks India revenue grew but losses widened due to expansion. Tata stated it prioritises scaling over store profitability. Starbucks entered India in October 2012 through a joint venture with the Tata Group.

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Tata Trusts tightens monitoring, shifts focus to grant-making

CFO News

Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects to minimize expenses and maximize funds for charitable causes.

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India’s Supreme Court may have paved the way to erase half of the country’s budget deficit

CFO News

On October 24, India's top court ordered that companies will be liable to pay statutory dues even on non-telecom revenue earned using spectrum. The amount of money that the government can make, thanks to this verdict, may be good enough to erase nearly half the countrys budget deficit of 7.2 lakh crore.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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India considers exempting gift vouchers from GST; Council to discuss key issues

CFO News

The GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering an 18% GST on used cars, including electric vehicles, and a potential 35% slab for sin goods. However, states have differing views on these proposals, requiring further discussion.

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TReDS bill financing crosses Rs 2-lakh crore mark

CFO News

TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and discounting of trade receivables of MSMEs through multiple financiers in order to solve their working capital-related challenges.

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India steel imports from China hit record high, data shows

CFO News

Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period.

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CCI approves Ultratech Cement's acquisition of India Cements

CFO News

UltraTech Cement got approval to acquire India Cements. The deal expands UltraTech's presence in South India. UltraTech bought a 32.72% stake for Rs 3,954 crore. They also launched a Rs 3,142.35 crore open offer for another 26% stake. UltraTech, India's largest cement producer, aims to reach 200 MTPA capacity. India Cements has a 14.45 MTPA capacity.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.