Mon.Jan 08, 2024

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The CFO Inquiry: Is Your Business CFO-Ready?

Adam Kae

I'm on a mission to supercharge your business's financial game. My 10-year goal is to guide 100 businesses to $10,000,000 in revenue. Will you be one of them? Let's dive into the CFO Inquiry and figure out if your business is truly CFO-ready. Unveiling the CFO Advantage As a seasoned Fractional CFO specializing in small businesses and marketing agencies, I've witnessed the transformative power a CFO brings to the table.

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United Airlines aims to expand Denver facilities; skirts rumors of potential HQ move

CFO Dive

United’s bid to establish a new flight simulator building in Denver follows a $33 million purchase of property in the city which sparked rumors of a potential shift in the airline’s base of operations.

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Trending Sources

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Are You Bullish or Bearish in 2024?

Barry Ritholtz

What are the Bull and Bear cases for 2024? I don’t do annual forecasts1 because the short-term is way too random. Instead, I prefer to consider market history and recent data, and ask “What are the possible and probable outcomes for this year?” I find it very useful as an investor to be able to see both sides of the bull-bear debate.

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New CVS drug pricing formula won’t drive up costs, CFO says

CFO Dive

Tying the prices it charges for medicines to those charged by pharmaceutical companies will put the healthcare giant’s pharmacy business on a more sustainable footing, executives said.

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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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NFRA plans annual auditor checks

CFO News

The regulator's plan comes after it released, late in December 2023, inspection reports on deficiencies in the audit processes of major firms such as BSR & Co, Deloitte Haskins & Sells, SR Batliboi & Co, Price Waterhouse Chartered Accountants LLP and Walker Chandiok & Co.

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Navigating choppy waters: How CFOs are mitigating supply chain disruptions amid geopolitical conflict

CFO News

Anjali Bhadbhade, Chief Financial Officer at DHL Express India, delves into the pivotal role CFOs play in mitigating global supply chain disruptions amid geopolitical conflicts, emphasizing proactive strategies for resilience and continuity.

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Deloitte rolls out in-house generative AI platform for coding, researching

CFO Dive

Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.

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The Future Of Financial Advice: How Tech and Approaches In 2030 Will Differ From Today

Nerd's Eye View

Professional service industries tend to evolve over time as the regulatory environment evolves and new technologies emerge. For instance, the financial advice industry has seen many changes to regulations (for both advisors and their clients), advisor business models, and the advisor technology landscape. These changes all have the potential to change the industry by shifting the current focus on selling financial products (including financial plans themselves) to providing a more in-depth and p

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5 ways CFOs can optimize the employee experience with commercial cards

CFO Dive

Employees are an organization’s most valuable asset, making their satisfaction and retention paramount for CFOs.

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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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ERP Flexibility: critical for today’s CFO and CIO

Future CFO

The cloud has opened new possibilities for CFOs and CIOs to think differently about their IT infrastructure, and how they can increase flexibility and agility in support of innovative businesses. This NetSuite whitepaper highlights the importance of financial software in adapting to evolving business models. Among the topics covered are: Evolving IT Architecture to Support Business A new strategy for the Enterprise Frequently asked questions when upgrading IT Making it happen What an innovation

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Navigating Economic Landscapes: How Economics Insights Empower Better Decision Making

Focus CFO

At FocusCFO, we are committed to providing our associates with the best tools and resources to deliver exceptional financial insights and guidance to our clients. One such invaluable resource is our strategic partnership with ITR Economics. We believe in the power of data-driven decision-making, and that's why FocusCFO has partnered with ITR Economics to provide all of our associates , including accomplished leaders like Area President Greg Gens , with access to ITR Economics' insights.

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Evaluating SAP ERP products and NetSuite Cloud ERP

Future CFO

Statista forecasts the global cloud ERP market will reach US$40.5 billion by 2025, growing at a CAGR of 13.6% during 2019 and 2025. Some of the advantages of adopting the cloud route include simpler deployment, lower costs, elasticity, the ability to incorporate newer functionality faster, fewer IT resources to operate, manage and support the system, as well as the ability to more easily add users and functions to accommodate business growth.

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Ambani, Adani, Birla among India Inc's bigwigs setting sail for Ayodhya's D-Day

CFO News

Reliance Industries chairman Mukesh Ambani, Aditya Birla Group chairman Kumar Mangalam Birla, Tata Sons chairman N Chandrasekaran and Adani Group chairman Gautam Adani are among India's top business leaders who will be seen at the ceremony with a guest list of more than 10,000. The captains of Indian industry will join the scrum of VVIP arrivals at the small temple town, which will also see achievers from the world of entertainment, sport, politics, faith, public life and the arts.

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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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NetSuite perspective: The value of a true cloud ERP platform

Future CFO

Cloud computing enables companies to adapt to changing business models, both strategically and operationally. According to IDC , companies are migrating their workloads to the cloud, making cloud technology a must-have post-pandemic. IDC predicts that cloud-based spending by Asia Pacific and Japan (APJ) digital-native businesses is expected to hit US$26.5 billion in 2024.

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Customs case: Singhania-led Raymond Group pays ?328-crore penalty

CFO News

The federal agency identified Raymond Group chairman and managing director (CMD) Singhania as the "beneficial owner," on whose alleged instructions 142 cars, including 138 vintage ones and four R&D vehicles, were procured by group companies from renowned auction houses such as Sotheby's, Barrett-Jackson and Bonhams.

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How finance leaders must handle rising cloud costs

Future CFO

The COVID-19 pandemic has accelerated the adoption of various technological advancements to keep up with the evolving market and the shifts. Among such shifts is cloud services, with organisations depending on the cloud to support remote work and digital transformation initiatives. The rapid adoption of this technological advancement led to unexpected challenges in managing cloud costs, a concern finance leaders must handle properly for the organisation.

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Sony on the brink of terminating $10 billion merger with Zee: The inside story of what went wrong over two years

CFO News

Sony is planning to officially send a termination notice to Zee by this month end, maybe as early as January 22nd, said two people aware of the matter, unless Zee relents on key clauses. Sources close to Zee said most operational CPs have been "cured" while some joint ones are pending from both sides and those linked to the actual consummation of the merger will happen on deal closure.

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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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How ESG data impacts the finance function

Future CFO

Adopting an ESG strategy can be seen as more than just a tick-box exercise or a means of delivering on sustainability messages, and finance leaders must keep an eye out on the impact of ESG data on the business performance. There are a number of commercial benefits, such as the landscape shifts towards provision of more responsibly sourced products and services.

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Travel cos say Maldives' tourism may not trip just yet

CFO News

Prashant Pitti, co-founder of EaseMyTrip, said the company had suspended the Maldives flight bookings in support of the government, impacting 240,000 bookings made through the platform. On social media posts on Instagram and X, MakeMyTrip said it had observed a 3,400% increase in on-platform searches for Lakshadweep ever since PM Modi's visit. The company did not comment on the impact on bookings to the Maldives.

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Q&A with finance leader: Embracing DEI as an opportunity

Future CFO

Editor’s note: Female finance professionals need to remember “I CAN”—the initials of inclusivity, courage, authenticity, and network, said Sarah Ghosh (pictured), FCMA, CGMA, as well as President, The Chartered Institute of Management Accountants and Co-Chair, Association of International Certified Professional Accountants. In this interview for FutureCFO’s Female Leadership in Finance Series , she offers details into how the finance profession can embrace DEI as an opportunity rather than a cha

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Amit Mitra writes to FM on speeding up steps to check rising GST frauds

CFO News

Amit Mitra, who is now the principal chief advisor to West Bengal chief minister, called for a GST council meeting dedicated to discussing overhauling the GST system and finding a time bound solution to put a check on the "massive laundering of public money"

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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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How To Avoid These 3 Catastrophic Power Automate Mistakes

Collectiv

Power A u tomate , as the name suggests, is a powerful tool. It puts manual processes on autopilot to help you save time and avoid bottlenecks. But that exact power and scalability can amplify any mistakes you make. I once accidentally sent out an email to 400 people simultaneously (and spent hours explaining it was a misfire). This happened just because of one mistake in the workflow setting.

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SC seeks response from taxman on ?1L cr notices to e-gaming cos

CFO News

The show-cause notices were issued after the government clarified that all online games involving betting and gambling, irrespective of skill or chance, will attract 28% GST on full-face value of the bets from October 1, 2023. The government believes some of these firms leveraged the lack of clarity on taxation of "game of chance" and "game of skill" before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms.

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The Advantages of Virtual Data Rooms for Secure Data Management and Collaboration

Financial Analyst Insider

Nowadays, in the cybercentury of high technologies, effective data management and collaboration are very important for success. Among the innovative solutions available, virtual data rooms The post The Advantages of Virtual Data Rooms for Secure Data Management and Collaboration appeared first on Financial Analyst Insider.

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Fino Payments Bank applies for small finance bank license from RBI

CFO News

Fino Payments Bank has applied for a small finance bank license. The bank has been preparing itself for an upgrade in terms of banking activity for quite some time. Fino has around Rs 600 crore of net worth while the minimum capital requirement for small finance banks is Rs 200 crore at present.

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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.