Fri.Jun 14, 2024

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Thinking Beyond the Bottom Line with Strategic Accounting

CFO Plans

In today’s AI-powered business environment, accounting is no longer just about crunching numbers. It’s about leveraging financial insights to drive strategic decisions and elevate your business to new heights. Let’s explore five key accounting services that can transform your business operations and help you stay ahead of the competition.

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28% of big companies have no formal CFO succession plan, finance chiefs say

CFO Dive

The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.

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What is an FUE When Buying S/4HANA Cloud?

Navigator SAP

One of the advantages of SAP S/4HANA Cloud Public Edition is the scalability of the ERP solution. Functionality can be turned on or off and extended depending on the needs of the business, and seat licenses can expand (or be reconfigured) depending on the company’s needs. This inherent ability to expand and reconfigure the ERP solution is where FUE allocation comes into play.

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In interim CFO pick, Tyson draws on established finance creds

CFO Dive

The beleaguered chicken processor is leaning on a company veteran with two decades of finance experience as interim CFO following John Tyson’s suspension.

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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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Unlocking Hyper-growth: Why Your CPG Company Needs SAP S/4HANA Cloud Public Edition Now

Navigator SAP

SAP S/4HANA Cloud, comes pre-configured with industry best practices for Consumer Products companies, allowing for a fit-to-standard implementation.

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Weekend Reading For Financial Planners (June 15-16)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study found that advisory teams tend to have higher assets under management per advisor, serve wealthier clients on average, and have stronger growth than solo advisors, thanks in part to the efficiencies gained from sharing expertise and back-office support.

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The Blueprint of an AI-First Financial Institution

Global Finance

Financial institutions have been facing tough challenges between economic uncertainty and an unprecedented technology-powered speed of change, especially since the Spring Bank Run of 2023. Banks are now prioritizing four key areas: liquidity management with a balanced portfolio view including commercial real estate (CRE), enterprise protection with anti-fraud and cybersecurity, operational resiliency and sustainability with climate risk and green products.

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Hyundai unit files for India IPO that could be country's biggest

CFO News

India's second-biggest car maker behind Maruti Suzuki, Hyundai will not issue new shares in the IPO which will involve its South Korean parent selling part of its stake in the wholly owned unit to retail and other investors via a so-called "offer for sale" route.

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Budgeting Hacks: 3 Ways CFOs & FP&A Teams Can Cut Cycle Times

Lime Light

Budgeting is often a time-consuming and cumbersome process, draining valuable resources and delaying crucial decision-making. The good news is that it doesn't have to be this way. With the right strategies and tools, you can significantly reduce your budget cycle time, freeing up your team to focus on strategic initiatives and driving growth.

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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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Why India-China tensions are equal to a big headache for electronics makers

CFO News

According to industry executives, 4,000-5,000 visa applications of Chinese executives are currently awaiting government go-ahead, hindering the Indian electronics manufacturing industry’s expansion plans. This is despite New Delhi setting up a mechanism to clear business visa applications within 10 days.

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Budgeting Hacks: 3 Ways CFOs & FP&A Teams Can Cut Cycle Times

Lime Light

Budgeting is often a time-consuming and cumbersome process, draining valuable resources and delaying crucial decision-making. The good news is that it doesn't have to be this way. With the right strategies and tools, you can significantly reduce your budget cycle time, freeing up your team to focus on strategic initiatives and driving growth.

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India cuts windfall tax on petroleum crude

CFO News

India reduced the windfall tax on petroleum crude to 3,250 Indian rupees per metric ton from 5,200 rupees on June 15. The tax for diesel and aviation turbine fuel remained at zero. The tax is revised every fortnight and the recent adjustment was made on June 1.

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India Inc makes a play for equality: L&T and Amazon lead the way with all-women teams in engineering and delivery

CFO News

Engineering giant L&T has established an all-women team at Tata Steel's mining site in Odisha, handling large machinery repairs, inspired by a successful pilot. Amazon, which initiated all-women virtual customer service in 2020, now operates nine all-women delivery stations in various locations. Companies like Shell, KFC, and Dr. Reddy's are also creating all-women teams in various sectors, boosting productivity, reducing attrition, and attracting female talent.

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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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Why Modi is at the G7 Summit, and why G7 needs him

CFO News

The Western world wants India by its side. Given the increasing economic heft of the country, India cannot be outside the major policy issues confronting the West. It will be India's 11th participation in the G7 Summit and PM Modi's fifth consecutive participation at the G7 Summit.

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Third-party firms Delhivery, Xpressbees look to sort out logistics of quick commerce race

CFO News

Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges. Sensing opportunity in the q-commerce space, Delhivery has started to work with Swiggy Instamart’s larger warehouses which supply to small dark stores, or fulfilment centers.

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At G7 Outreach session, PM Modi calls for ending monopoly in technology

CFO News

Prime Minister Narendra Modi, addressing the G7 summit in Italy's Apulia region, called for ending technological monopolies and fostering creative technology to build an inclusive society. Highlighting the global impact on the Global South, Modi emphasized India's responsibility to voice their concerns, prioritizing Africa's development. He stressed the significance of artificial intelligence, citing India's AI Mission and national strategy.

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Nykaa grants 4.73 lakh shares under Esop scheme

CFO News

FSN E-Commerce Ventures, operating Nykaa, allotted 4,73,138 equity shares under Esop scheme. Shares valued at Rs 8.08 crore. Managing director Falguni Nayar foresees $90-billion market growth.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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India’s wholesale prices accelerate to 15-month high of 2.61% in May

CFO News

India's Wholesale Price Index (WPI) surged to a 15-month high of 2.61 percent in May, up from 1.26 percent in April 2023. This increase was notably higher compared to the 3.48 percent decline seen in May 2023. The numbers accelerated significantly, with WPI reaching 7.4 percent in May, up from 5.5 percent in April and 4.82 percent in May 2023. Primary articles inflation rose to 7.2 percent in May from 5.01 percent in April, while fuel and power inflation remained subdued at around 1.4 percent.

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G7 tackles migration, economy & more, but differs on abortion

CFO News

Leaders of the G7 nations focused on artificial intelligence, economic security, and migration during their summit in Italy, addressing major global challenges like financial support for Ukraine and climate change.