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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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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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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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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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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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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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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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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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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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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Smart Tech + Human Expertise = How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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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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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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FAIFA demands withdrawal of 35% GST on tobacco

CFO News

The Federation of All India Farmer Associations (FAIFA) projects 5.5% CAGR for Indian agriculture, reaching Rs 42 lakh crore by 2030. However, they oppose the proposed 35% GST on tobacco and aerated beverages, citing adverse impacts on farmers. FAIFA celebrated Kisan Divas, awarding farmers for outstanding contributions, and released their agricultural outlook emphasizing digitization and increased irrigation.

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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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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Role and responsibilities of a CFO in ensuring compliance

CFO News

Today, a CFO and CEO may hold different primary responsibilities yet both are comparable in terms of the leadership role they play and the impact they can have in the success of the organisation. A synergy between the two is an essential cornerstone driving growth and innovation within an organisation.

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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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The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.

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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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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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2025 Global Finance Leaders Survey

79% of finance leaders we surveyed say they play a multifaceted role—ensuring financial stability, managing risk, and enabling transformation. In our 2025 Global Finance Leaders Survey, 751 global leaders shared their biggest challenges, top priorities, and outlook for the year ahead. Here’s what you’ll learn in the survey report: An in-depth look at different leadership approaches and what they mean for finance leaders Top challenges facing finance leaders, from data reliability to talent manag

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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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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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Conquering Tail Spend in 2025: New AI-Powered Tools and Strategies for Success

Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. Without the right strategy, enterprises face hidden risks and unnecessary spend. It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach. Download this GEP-sponsored Everest Group research for insights on how your competitors are upping their tail spend management game.