Thu.Aug 15, 2024

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How to push price and bust currency devaluation

CFO Dive

Whether for increased revenue or profitability, corporate growth requires price increases — potentially as frequently as every six months, Adam Echter writes.

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The Regina Food Bank teams up with BMO to fight food insecurity with an innovative new food hub

Bank of the West

In partnership with BMO, the Regina Food Bank has opened Canada’s first at-scale choice model food bank in the heart of downtown Regina. The BMO ASAHTOWIKAMIK Community Food Hub operates… Read more The post The Regina Food Bank teams up with BMO to fight food insecurity with an innovative new food hub appeared first on About BMO.

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SEC imposes $390M in fines in crackdown on shoddy record-keeping

CFO Dive

The agency that regulates Wall Street in the past year has slammed several financial services companies for flawed record-keeping.

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Southwest is Changing Their Revenue Strategy. Should you?

CFO Share

Did you hear Southwest Airlines will end open seating in an effort to boost its profits? This, and other operational changes, mark a departure from its 57-year strategy of operating differently from mainstream carriers—a strategy that forced most of its competitors into bankruptcy. The end of open seating was a suprise to me. Hearing it, I assumed they must be losing money using an old strategy.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Cisco plans to cut 7% of workforce amid AI push

CFO Dive

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

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More Trending

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Skanska hires new CFO

CFO Dive

Jonas Rickberg is currently CFO at Swedish truck maker Scania Group.

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The Mentoring Round | Chikako Tyler, CFO, California Bank & Trust

CFO Thought Leader

CFO Chikako Tyler reflects on a significant transformation in her approach to financial management. Initially focused on revenue and expense containment, she once viewed expenses strictly as costs. However, after managing a sales team, she shifted her perspective, now seeing expenses as investments with potential ROI. This change has led her to prioritize strategic spending that drives revenue growth, moving beyond budget constraints to foster more dynamic and forward-looking financial managemen

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Futuristic Finance: Strategic Thinking for Tomorrow’s CFO

CFO Talks

Futuristic Finance: Strategic Thinking for Tomorrow’s CFO In an era where rapid technological advancements and global economic shifts are the norm, Chief Financial Officers (CFOs) are not just financial stewards but strategic visionaries. The role of the CFO has evolved significantly; from managing budgets and forecasts, they are now pivotal in shaping their companies’ futures through strategic thinking and decision-making.

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Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock

CFO News

From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all offering cash discounts, exchange bonus and additional benefits even on popular models, trade insiders told ET.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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India imports USD 2.8 billion worth of crude oil from Russia in July

CFO News

India purchased $2.8 billion worth of crude oil from Russia in July, making it the second-largest buyer after China. Russia became India's top oil supplier owing to discounted prices following the Ukraine invasion. These imports now constitute nearly 40% of India's total oil purchases, significantly shifting global trade patterns.

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Solar panel makers seek retroactive duties, citing import surge

CFO News

Solar manufacturers have sought retroactive tariffs on imports from Vietnam and Thailand, claiming these are being dumped below market prices.

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Gautam Singhania sees great opportunity for Raymond and textiles industry in Bangladesh crisis

CFO News

Gautam Singhania, Chairman & MD of Raymond, focused on the company's strategic developments, including capacity expansion and debt eradication through selling the FMCG business. He shared insights on the post-COVID recovery, business demergers, and growth in real estate and textile sectors, noting timely project completions and the potential benefits from Make in India and shifting global manufacturing preferences.

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New product-market mix may deliver the goods for India's exports

CFO News

Finding new items to sell overseas is crucial as muted global demand, geopolitical challenges and a drop in crude, commodities and metal prices dragged India’s goods export growth to an eight-month low in July, with outbound shipments contracting 1.47% to $33.98 billion.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Recovery via IBC up in June quarter at 31.12%

CFO News

In absolute terms, the realisation for creditors from the resolution of 58 stressed firms during the June quarter touched Rs 3,935 crore, according to the Insolvency and Bankruptcy Board of India (IBBI) data. The cumulative recovery from the 1,005 resolved cases until June 2024 stood at Rs 3.40 lakh crore.

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US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

CFO News

The number of Americans applying for unemployment benefits fell by 7,000 to 227,000 last week, according to the Labor Department. The four-week average also dropped to 236,500. Despite rising interest rates and some signs of economic slowdown, the job market remains relatively strong. The Federal Reserve's previous rate hikes have started to impact job growth, with hiring slowing and unemployment ticking up.