Wed.Feb 07, 2024

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CEO, CFO compensation clawback helps tech firm skirt SEC fine

CFO Dive

Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps despite an accounting fraud scandal that triggered SEC charges.

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At the Money: Stock Picking vs. Value Investing 

Barry Ritholtz

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. (February 7, 2024) How much you pay for stocks really matters. Should value investing be part of that strategy? To find out more, I speak with Jeremy Schwartz, Global Chief Investment Officer of WisdomTree, leading the firm’s investment strategy team in the construction of equity Indexes, quantitative active strategies and multi-asset Model Portfolios.

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Profit is the ‘high value’ IPO ticket, NetSuite execs say

CFO Dive

As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.

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RBI holds repo rate steady at 6.5%, forecasts 7% GDP growth and 4.5% Inflation for FY25

CFO News

The RBI maintains another pause and keeps the rates unchanged at 6.5 per cent in the monetary policy which began on February 6 and concluded on February 8.

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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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Earnings season CFO moves pile up: Prudential, H&R Block

CFO Dive

Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be down sides.

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More Trending

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A Modern Nonprofit Podcast: A Different Approach to Earned Income for Nonprofits

The Charity CFO

John Renouard is the founder and executive director of the nonprofit organization, WHOlives. Like many nonprofit entrepreneurs, John’s career path wasn’t centered around becoming a 501c(3) director. For him, the journey truly started after he became curious about his son’s humanitarian and missionary work in Africa. The curiosity drove him and his wife to travel extensively through Mexico, Central America, and South America before diving deeper into exploration with a trip to Africa.

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Fact, Situation, Feeling – Using The Iceberg Follow-Up Model To Connect With And Motivate Clients

Nerd's Eye View

The need for financial professionals to ask prospects and clients questions has a long history in the industry. In earlier days, questions simply facilitated the process of gathering information in order to open accounts and recommend the appropriate products to be sold. However, as the industry evolved from being primarily transaction-based to relationship-based, it has become increasingly important for advicers to become less sales-oriented and more focused on how they can better develop deep,

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Will Sitharaman’s ‘fiscally prudent’ Budget prompt RBI’s MPC to make moves, re-adjust stance?

CFO News

RBI MPC Meeting: RBI's rate-setting panel, known as the Monetary Policy Committee (MPC), is expected to keep the repo rate unchanged at 6.5 percent. Economists predict that there may be a change in stance from 'withdrawal of accommodation' to 'neutral'. According to an ET Poll of 12 economists, significant rate adjustments are not expected. However, some economists suggest that a fiscally prudent budget and global monetary easing could influence the central bank to adjust its stance on liquidity

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Cube lands a spot on G2’s 2024 Best Software Product Awards list for Accounting & Finance Products

Cube Software

G2 awarded Cube a spot in the Best Software 2024 list! Thanks to positive feedback from customers, we ranked as a top 50 Accounting & Finance product.

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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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RBI projects 7% GDP growth for FY25 as economy stays resilient

CFO News

Recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity in 2024-25, RBI governor Shaktikanta Das said.

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The Mentoring Round | Rachel Stack, CFO, Cologix

CFO Thought Leader

972: Recalibrating Your Strategic Lens | Rachel Stack, CFO, Cologix, Inc. The post The Mentoring Round | Rachel Stack, CFO, Cologix appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Monetary Policy: RBI sees CPI inflation falling below 5% in FY25

CFO News

Assuming a normal monsoon next year, CPI inflation for 2024-25 is projected at 4.5 per cent with Q1 at 5.0 per cent; Q2 at 4.0 per cent; Q3 at 4.6 per cent; and Q4 at 4.7 per cent, RBI governor Shaktikanta Das said.

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IRS to collect $561B more in tax revenue with new enforcement funds

CFO Dive

The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.

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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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CDSL reviews Paytm Money's KYC process

CFO News

Paytm Money, the wealth management entity run by One 97 Communications, is being inspected by the Central Depository Services India. Earlier, RBI asked Paytm Payments Bank to stop banking services from the end of this month. However, this order does not have any direct impact on Paytm Money, which operates independently.

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No delay in white goods PLI disbursement: Govt

CFO News

The Commerce and Industry Ministry said applications of specific companies seeking incentives under the production-linked incentive (PLI) scheme for white goods (AC and LED lights) are currently under scrutiny, and there are no delays in disbursement. According to the ministry, 13 foreign-owned companies, including Daikin, Panasonic, Mitsubishi, Hitachi, Nidec, LG, and Met Tube, have pledged to invest Rs 2,090 crore, accounting for approximately 30% of the total committed investments.

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Ather CFO Deepak Jain to step down, Sohil Parekh named successor

CFO News

The change was announced by chief executive Tarun Mehta in an internal communication to employees. Jain worked at Ather for over four years, where joined after a stint at background checking software firm First Advantage.

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CTOs in limelight as India Inc scrambles to navigate rapid digitalisation

CFO News

Companies across sectors, from startups and banking, financial services and insurance to technology, conglomerates, manufacturing and healthcare are scouting for experienced talent to drive technology strategy, innovation, transformation and operational efficiencies in a fast-evolving digital landscape.

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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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Advent looking to deploy $5 to $10 billion in India over the next five years

CFO News

Advent International believes that Indian valuations are not a barrier to making deals, as they are relative to growth opportunities and risk returns. The firm views the premium valuations in India as a reflection of the significant growth opportunities and the relative attractiveness of the market. Last year alone, it invested $7 billion in new opportunities ranging from cybersecurity to pharma, but more importantly, realised $8.4 billion via exits — higher than their previous five-year average

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Retail inflation is within tolerance band: Finance Minister Sitharaman

CFO News

FM Sitharaman said that, as far as concerns regarding the International Monetary Fund’s report enumerating the debt-to-GDP ratio is concerned, it must be taken into context. “This is what has been enumerated for an ‘extreme worst-case scenario’, and is not fait accompli,” she said. She added that Centre’s measures towards debt structuring and core debt would keep the situation under control.

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NCLT issues notice to Byju’s in insolvency case filed by a BPO service provider

CFO News

Teleperformance alleges that Byju has defaulted on payment of Rs 4.82 crore, excluding Rs 21 lakh interest to the company in lieu of business process outsourcing services provided by the company.

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Financial Services Secretary Vivek Joshi states RBI primed to handle Paytm issue

CFO News

Financial Services Secretary Vivek Joshi clarified that the Reserve Bank of India (RBI) actions against Paytm fall under the RBI's jurisdiction, distancing the government from involvement. The RBI imposed restrictions on Paytm Payments Bank Ltd (PPBL), prompting concerns about financial stability. Joshi addressed FDI scrutiny and reassured customers about PPBL's size relative to systemic stability.

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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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RBI steps up auctions to drain liquidity

CFO News

Over the past four days, the RBI has carried out six rounds of short-term variable rate reverse repo (VRR) auctions that help mop up surplus funds from the banking system.

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