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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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.

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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.

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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.

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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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MiB: Corey Hoffstein on Return Stacking  

Barry Ritholtz

 This week, we speak with Corey Hoffstein, CEO and CIO of Newfound Research. Corey pioneered the concept of ‘return stacking’ and is one of the masterminds behind the Return Stacked ETF Suite , which manages roughly $750 million across five ETFs. Corey’s work has been published in the Journal of Indexing and the Journal of Alternative Investments.

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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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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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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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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.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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-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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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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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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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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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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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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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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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.

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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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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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.

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Mobile broadband base dips after two years amid Reliance Jio user losses

CFO News

According to Trai data, Jio lost 8 million 4G/5G users in September while Airtel and Vodafone Idea added 0.4 million mobile broadband users each. State-run Bharat Sanchar Nigam Ltd (BSNL), which did not raise prices, added 1.5 million such users.

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RBI's war against inflation is not yet over, says guv Das

CFO News

RBI Governor Shaktikanta Das reaffirmed the central bank's commitment to lowering inflation to its 4% target. Das emphasized that price stability is crucial for the Global South's economic growth and that the RBI's efforts to combat inflation are ongoing, even as some officials advocate for lower rates.

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Centre launches World Bank's 'jobs at your doorstep' report

CFO News

Union Minister for Education Dharmendra Pradhan along with Minister of Labour and Employment Mansukh Mandaviya on Friday launched a World Bank report titled ' A Jobs Diagnostics for Young People' that covers six states in India.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.