Thu.Sep 14, 2023

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EY launches $1.4B AI-focused platform

CFO Dive

The Big Four firm’s dedicated AI group comes as accounting and financial firms continue to write large checks aimed at cashing in on the technology’s potential.

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What does revision in banks’ investment classification norms imply for banking?

CFO News

The revised accounting norms for investment portfolio, which are effective from April 1, 2024, and are in line with the global financial reporting standards, are expected to enhance the quality of banks' financial reporting, as well as improve disclosures, say experts.

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CEOs trim hiring plans

CFO Dive

CEOs at many of the biggest U.S. companies forecast that the economy will grow 2.1% this year, according to the Business Roundtable.

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PM Modi lays foundation stone for Rs 49,000 cr refinery expansion project in MP

CFO News

While laying the foundation stone of the Petrochemical Complex at Bina Refinery, the Prime Minister said that it will be a step forward in the direction of Atma Nirbharta in the petrochemical industry.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Netflix CFO sees fallout from Hollywood strikes

CFO Dive

The strikes are “not good for the business,” Netflix CFO Spencer Neumann said in a frank assessment of the situation’s financial impact.

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More Trending

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ESG ratings fluctuate for asset managers: Morningstar

CFO Dive

Three U.S.-based firms saw their grades move up, while UBS Asset Management slipped following its merger with Credit Suisse.

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The Cost of Not Keeping Accurate Records

CFO Share

When navigating the complex realm of business, one quickly realizes the critical role that accurate bookkeeping plays. It’s not just about numbers; bookkeeping is the lifeblood of informed decision-making, financial clarity, and business credibility. However, the importance of bookkeeping is commonly undervalued, causing financial missteps and damaging stakeholder trust.

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Apple backs California climate bill requiring large companies to disclose carbon footprint

CFO Dive

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

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Suzlon to cut exposure to global markets, focus on local demand: CFO

CFO News

The lower focus on the external headwinds can save any company from fluctuations in revenue, should there be any global headwinds, economic slowdown, and volatility, says Himanshu Mody.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Future Proof 2023: That’s a Wrap!

Barry Ritholtz

I made it back home from California late last night after a long day of travel and an exhausting but absolutely exhilarating week. Following the breakout success of Future Proof 2022, this year’s event was even bigger and better — almost 3,000 attendees and nearly 200 sponsors. Everything about this year was next level — the audience, the sponsors, the bands, it was amazing!

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G2 awards Cube 32 badges and top spot for "CPM" and "Budgeting and Forecasting" (Fall ‘23)

Cube Software

It’s official: Cube receives 32 badges in G2’s Fall Report In addition to earning the top spot for Corporate Performance Management (CPM) and Budgeting and Forecasting , Cube’s G2 badges were earned across several disciplines, including Financial Close and Financial Analysis.

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What Is a Corporation? How To Make a Corporation and How They Work

CFO Share

Starting a business is an exciting venture, and choosing the right structure is crucial for your success. Why form a corporation? Understanding what a corporation is and how to make a corporation can be the key to setting your business on the path to success. Understanding Corporations A corporation is a legal entity that is separate from its owners.

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Tax transformation: Compliance is many firms’ greatest challenge

Future CFO

When it comes to tax transformation, compliance is seen as the greatest challenge among 43% of companies surveyed by Deloitte. The company recently released results of its 2023 Tax Transformation Trends survey, a biannual effort which details sentiments from more than 300 senior global tax and finance executives. To respond effectively to increasingly complex changes — including OECD Pillar Two requirements and the rise in indirect taxes around the world — tax departments will need both access t

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Former SBI chief Rajnish Kumar named Mastercard India chairman

CFO News

Former State Bank of India chief Rajnish Kumar has been named Mastercard India's non-executive chairman.

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Segregation of Duties to Prevent Embezzlement

Michigan CFO

In the business world, efficient and accurate processes are essential to smooth operations and safeguarding against potential fraud or errors. An integral part of this is the concept of “Segregation of Duties” (SoD). What is Segregation of Duties? SoD is a risk management strategy that divides critical financial tasks among various individuals. The core idea behind this is simple yet profoundly impactful: No single individual should have control over all aspects of any single transaction.

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Grasim eyes paint business entry in Q4 to step up market share fight for Berger, others

CFO News

Birla Opus: Grasim Industries, the flagship company of Aditya Birla Group, has announced the launch of its paints business called Birla Opus. The company plans to enter the decorative paints segment in the fourth quarter of FY24. Grasim aims to become the second-largest player in the market and has committed to investing around Rs 10,000 crore.

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The BP&B Health Check: Your Roadmap to Financial & Operational Excellence

E78 Partners

The famous author, Seth Godin wrote , “Change almost never fails because it’s too early. It almost always fails because it’s too late.” Today, companies must adapt, evolve, and plan meticulously to stay competitive and profitable. Leaders are at the helm steering their organizations through changing consumer, market, and Board expectations. To guarantee they remain on the right course, having a solid plan and budget in place is paramount for ensuring success.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Reliance-owned Hamleys opens Milan store with Italian franchise partner GP

CFO News

Hamleys, which was acquired by Reliance Brands in 2019, plans to establish itself as a focal point in Milan and will also open a flagship store in Rome. The iconic toy retailer currently operates in 15 countries with 191 stores worldwide.

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The Climb to Profitability | Jeff Coulter, CFO, Cognite

CFO Thought Leader

932: Finance’s Leadership Paradox | Jeff Coulter, CFO, Cognite MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

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Services could be India’s growth driver, help generate 70mn jobs over next decade: HSBC Global Research

CFO News

India's services sector has the potential to drive growth and job creation in other sectors like manufacturing and agriculture, according to a report by HSBC Global Research. The report suggests that services companies can help smaller manufacturing firms achieve scale by leveraging digital infrastructure and accessing formal credit, cheaper raw materials, and better logistics.

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Reduce GST on entry-level two-wheelers: FADA to Centre

CFO News

At the Auto Retail Conclave here, FADA president Manish Raj Singhania said while retail sales of automobiles have grown by around 7% in the current fiscal, the entry-level two-wheelers are yet to post strong expansion in volume.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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RBI releases list of 15 NBFCs in 'upper layer' under scale based regulations

CFO News

The Reserve Bank of India has released a list of fifteen NBFCs that fall under the "upper layer" in the scale-based regulation for the financial year 2024. LIC Housing Finance Limited, Bajaj Finance Limited, and Shriram Finance Limited are among the top-ranking companies on the list.

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SAT adjourns hearing of ZEE CEO's plea to Sept 27

CFO News

The Securities Appellate Tribunal (SAT) has adjourned the hearing in ZEE CEO Punit Goenka's appeal against Sebi confirmatory order to September 27.

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SpiceJet completes $1.5 million payment to Credit Suisse, shares rise

CFO News

SpiceJet has made a payment of $1.5 million to Credit Suisse after the Supreme Court of India ordered the chairman of the budget carrier, Ajay Singh, to pay the amount or face imprisonment. The court had previously asked Singh to make a payment of $500,000 by September 22nd, along with $1 million towards the defaulted amount.

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TotalEnergies in talks to invest in Adani Green’s projects, sources say

CFO News

The deal would increase Total’s presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects. It would also see Total deepen its ties with Adani Green, which it’s already the second largest shareholder of with a 19.75% stake, according to data compiled by Bloomberg.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g