Fri.Nov 22, 2024

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How to Avoid Common Pitfalls in Technology Expense Management

E78 Partners

Effective technology expense management is essential for companies looking to optimize budgets and stay competitive in today’s fast-paced digital landscape. However, managing these expenses can be challenging, with common pitfalls leading to overspending, inefficiencies, and missed opportunities for cost savings. Businesses must develop a strategic approach that addresses common obstacles and ensures that technology investments align with their operational goals to avoid these issues.

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Templated EDI for SAP S/4HANA Cloud Public Edition

Navigator SAP

Electronic data interchange (EDI) is an important technology for creating a smooth and automated data flow between your business and your partners, both suppliers and sellers. Configuring an EDI connection is not always simple, however, which is where EDI templates come in. EDI is the process of electronically exchanging business data that was traditionally handled with paper.

SAP 275
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Trending Sources

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Rise in US health benefit costs to accelerate to 10.2% next year: WTW

CFO Dive

More than half of employers plan to trim health care costs by implementing strategies such as pharmacy benefit management, WTW said.

Planning 284
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Nail Your 2025 Forecast: 5 Ways to Align Sales and Budgeting

Focus CFO

Heading into 2025, accurate sales forecasting is more critical than ever. Economic uncertainties and rapid technological shifts make it essential to have a crystal-clear picture of your revenue pipeline. This clarity not only informs your budget but also drives strategic decision-making across your entire organization. Here are five key ways to align your sales forecasting and budgeting processes for success in the year ahead.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Climate protesters disrupt Saudi Aramco CFO talk at MIT conference

CFO Dive

Saudi Aramco CFO Ziad Al-Murshed’s talk ended abruptly Thursday after climate protesters took the stage at the MIT Sloan CFO Summit in suburban Boston.

CFO 283

More Trending

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Evolv CFO latest to depart during misconduct, revenue misstatement investigation

CFO Dive

The security technology provider will pay a weekly $50,000 fee to AlixPartners in exchange for the services of its director David Rawden as interim CFO.

CFO 273
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Why Budgeting Matters More Than Ever in 2025

Focus CFO

2025 is just around the corner, and now is the time to start planning for a successful year. Creating a solid annual budget is a critical step for any business owner, regardless of industry or size. Why? Because a well-crafted budget provides the roadmap to reach your goals.

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How to Avoid Common Pitfalls in Technology Expense Management

E78 Partners

Effective technology expense management is essential for companies looking to optimize budgets and stay competitive in today’s fast-paced digital landscape. However, managing these expenses can be challenging, with common pitfalls leading to overspending, inefficiencies, and missed opportunities for cost savings. Businesses must develop a strategic approach that addresses common obstacles and ensures that technology investments align with their operational goals to avoid these issues.

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India-EFTA trade pact to drive $100 bn investment, boost 99.6 pc of exports

CFO News

The Trade and Economic Partnership Agreement (TEPA) has the potential to boost 99.6 per cent of Indian exports with market access to European Free Trade Association (EFTA) countries and drive $100 billion investment, the government said on Saturday.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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How to Avoid Common Pitfalls in Technology Expense Management

E78 Partners

Effective technology expense management is essential for companies looking to optimize budgets and stay competitive in today’s fast-paced digital landscape. However, managing these expenses can be challenging, with common pitfalls leading to overspending, inefficiencies, and missed opportunities for cost savings. Businesses must develop a strategic approach that addresses common obstacles and ensures that technology investments align with their operational goals to avoid these issues.

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Business activity hits a 3-month high in November despite cost pressures

CFO News

India's business activity rose to a three-month high in November. The HSBC Flash India Composite Purchasing Managers Index reached 59.5. This growth was driven by increased business gains and export sales. Both the manufacturing and services sectors experienced expansion. However, businesses also faced rising cost pressures, leading to increased selling charges.

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Members’ Profile: Adelaide Kekana

CFO Talks

Members’ Profile: Adelaide Kekana In this edition of CFO Club Africa’s Members Spotlight, we are introducing Adelaide Kekana, the Executive Director of Tax Core & Associates and a seasoned tax professional with over a decade of experience. As a Business Accountant in Practice (SA) and a registered Tax Practitioner with SAIT, Adelaide brings a wealth of technical expertise and a passion for solving complex tax and compliance challenges.

CFO 98
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Sebi investigating whether Adani Group flouted disclosure rules: Report

CFO News

India's market regulator, SEBI, is investigating Adani Green Energy Ltd. for potential disclosure violations regarding a US Justice Department bribery probe. The investigation centers on whether Adani Green adequately informed investors about the investigation and its scope, particularly the involvement of individuals linked to the Adani Group.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Weekend Reading For Financial Planners (November 23–24)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that amidst a rare change in leadership at Charles Schwab, the outgoing and incoming CEOs hinted at relatively minor changes during remarks for advisors at its annual IMPACT conference this week, including an increased focus on lending services for high-net-worth clients and a desire to expand direct access to cryptoassets.

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India should be branded as a 'Responsible Capitalist' nation: Nirmala Sitharaman

CFO News

The Finance Minister said "We thought of it as our responsibility to use as per our need and not as per our greed.

Finance 40
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Allcargo to set up Rs 115-crore logistics park in Haryana

CFO News

Allcargo Terminals Limited is investing Rs 115 crore to develop a multimodal logistics park in Farrukhnagar, Haryana. The park, a partnership with Haryana Orbital Rail Corporation Limited, is part of a larger Rs 6,000 crore initiative. This project will enhance freight connectivity and foster new industrial zones, boosting the region's economic growth.

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Apple readies more conversational Siri in bid to catch up in AI

CFO News

Revamping the 13-year-old Siri service is part of Apple’s efforts to become a force in artificial intelligence. The company debuted its much-ballyhooed Apple Intelligence platform last month, but it still lacks many of the features offered by other tech giants. The new Siri, details of which haven’t been reported, uses more advanced large language models, or LLMs, to allow for back-and-forth conversations, said the people, who asked not to be identified because the effort hasn’t been announced.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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We need Bharat Food and Drug Administration for global benchmarks: FM Sitharaman

CFO News

India is setting standards in pharmaceuticals and like the US Food and Drug Administration (FDA), we should also aim to create Bharat Food and Drug Administration (FDA) for global standards and benchmarks, Union Finance Minister Nirmala Sitharaman has stressed.

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Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors

CFO News

The Mumbai bench of the NCLT has directed Vedanta Ltd to convene a meeting of its creditors and shareholders within 90 days to discuss the proposed demerger. The demerger, already approved by 75% of secured creditors, aims to create independent entities for Vedanta's diverse businesses, simplifying its structure and attracting global investors.

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DPIIT gives nod to Hinduja Group firm IIHL for acquisition of Reliance Capital

CFO News

The Department for Promotion of Industry and Internal Trade (DPIIT) has approved the Hinduja Group's acquisition of the debt-laden Reliance Capital Ltd (RCAP). The approval paves the way for the Mauritius-based IIHL to proceed with its Rs 9,861-crore resolution plan, which was approved by the National Company Law Tribunal (NCLT) Mumbai on February 27, 2024.

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Gujarat's GST dept finds tax evasion of Rs 3.53 cr after searches at seven firms

CFO News

​​These firms were concealing actual revenues, selling without invoice and underreporting tax liability, he added. An official release said searches were conducted on November 16 at seven premises to keep a check on possible evasion of Goods and Service Tax (GST) by 'Business to Consumer (B2C)' sector entities in the state.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Six pharma companies sign MoUs with Telangana government for Pharma City investment

CFO News

According to the MoUs, MSN Laboratories will establish a manufacturing unit and an R&D center, Laurus Labs and Aurobindo Pharma will set up separate formulation units, and Gland Pharma will open an R&D center along with injectables and drug substance manufacturing units.

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Adani's green plans may face a funding squeeze

CFO News

Adani Group's $100 billion investment plan for renewable energy might be delayed. The US Department of Justice and Securities and Exchange Commission indicted the group and its chairman. Funding channels may tighten, impacting Adani Green Energy the most. The company relies heavily on debt and faces short-term refinancing needs.

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S&P Ratings says US allegations may renew questions on governance practices at Adani

CFO News

"The allegations could renew questions over the group's governance practices and damage its reputation. We will watch for any signs of weaker funding access or concerns from existing lenders -- which could be demonstrated by the lowering of funding limits, non-renewal of facilities, or significantly higher credit spreads," S&P Ratings said in a note.

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NCLAT okays sale of Infrastructure Leasing & Financial Services stake in IL&FS Paradip Refinery Water Ltd

CFO News

The National Company Law Appellate Tribunal (NCLAT) has granted Infrastructure Leasing & Financial Services (IL&FS) permission to sell its complete stake in IL&FS Paradip Refinery Water Ltd (IPRWL). This decision comes after Indian Oil Corporation (IOC) delayed a decision on a full acquisition of IPRWL. The approval will enable IL&FS to settle a debt of approximately ₹1,000 crore.

Sales 40
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.