Fri.May 17, 2024

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How to Optimize SAP ERP Integrations

Navigator SAP

Not all ERP integrations are created equal, which is where ERP optimization comes in. The effectiveness of a given ERP system and its integrations heavily depends on how it was set up and deployed. Get it right, and you look like an efficiency hero. Get it wrong, and both you and the system look like a company albatross. Often the distinction between a good ERP integration and a bad one is not clear cut.

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Scammers siphon $25M from engineering firm Arup via AI deepfake ‘CFO’

CFO Dive

Cybercriminals utilized AI deepfakes to falsely pose as Arup’s CFO and other employees, leading a staff member to transfer $25 million to Hong Kong bank accounts.

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Weekend Reading For Financial Planners (May 18-19)

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 indicates that while overall social media engagement for financial services companies was down in 2023 compared to the previous year, firms boosted their engagement through posts that were entirely original content (rather than sharing third-party content), spoke to the firm's or advisor's principles (with posts responding to current news topics lagging), an

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GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board

CFO Dive

Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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View Your Company’s Potential Value

VCFO

v360™ Enterprise Value Roadmap – A Powerful Tool to Drive Value Optimization Increasing shareholder value is the holy grail for business executives in both public and privately owned companies. Building value is critical whether you’re the sole owner, part of an ownership group, or an executive charged with optimizing operations. Maximizing shareholder value supports many business objectives, including equity-based acquisitions, incenting talent, raising funds, and positioning for exit.

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POLITICS, ELECTIONS, ECONOMY & BUSINESS: THE HEADY UNCERTAIN MIX

CFO News

Robin Banerjee, a seasoned finance expert, delves into the pulse of India's monumental election process, dissecting its implications for businesses and the economy. Amidst projections and manifestos, he highlights crucial issues and predicts India's trajectory.

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What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026

CFO Dive

AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.

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POSH case reporting confined to a fraction of India Inc cos: Study

CFO News

A recent analysis of 300 NSE listed companies reveals a concerning trend in reporting sexual harassment complaints under the POSH Act. Despite a rise in complaints, many companies reported zero cases, indicating possible non-compliance. Larger companies, with more resources, tended to report more cases, but size alone couldn't explain the low reporting.

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MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America

Barry Ritholtz

This week, we speak with Savita Subramanian , head of US Equity and Quantitative strategy at Bank of America. She also leads the firm’s environmental, social and governance research. She has been a ranked analyst in the Institutional Investor survey for the last eleven years. Prior to joining the firm in 2001, Subramanian was an analyst at Scudder Kemper Investments in New York and San Francisco.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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India needs to focus on manufacturing, achieve greater sophistication: Nirmala Sitharaman to Indian Inc

CFO News

Finance Minister Nirmala Sitharaman flagged the need for India to boost its manufacturing sector to achieve self-reliance and increase its share in the global value chain. She highlighted the importance of policy support and sophistication in product manufacturing to attract investment and reduce dependence on China. The minister also discussed the success of the PLI scheme in sectors like telecom and electronics, showcasing India's potential for growth and investment.

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How BMO employees are mobilizing to support youth mental health

Bank of the West

In recent years, the world has seen a dramatic rise in mental health challenges among youth. In fact, young people aged 15-24 are more likely to experience mental illness and/or… Read more The post How BMO employees are mobilizing to support youth mental health appeared first on About BMO.

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ICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC arms

CFO News

Despite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate partners. PwC had obtained a stay against ICAI's disciplinary action, challenging fines and membership removal. The institute's move to upload the order on its website has sparked a legal battle. This follows a similar dispute with EY affiliates.

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Accounting Turnover: Why is it Happening and How do we Stop It?

CFO Selections

Having a hard time finding talented accountants for your business? That’s no surprise. I see news headlines every day that indicate many businesses are struggling with this hiring challenge. Here are just a few: The reasons for today’s accounting shortage are well-documented, and include: A changing educational landscape Competition from other fields Increased demand Work-life balance concerns An aging workforce with fewer younger entrants While there is a lot of press around the shortage of acc

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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India can become third largest economy by '27-28: Arvind Panagariya

CFO News

"The growth in nominal dollar terms had been at about 10.2% during this period (2004-2024) and mind you that during this period we had to deal with the global financial crisis and then with Covid," Panagariya said, in his address at CII annual business summit.

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Launching a Business: What to Know and Essential Tips

Capital CFO LLC

Launching a business is like planting a tree—the right groundwork ensures growth and resilience. Imagine you’ve found the perfect spot, the right seed, and you’re ready to plant. Without proper soil preparation, that seed faces an uphill struggle to thrive. As business management consultants, we stress the importance of firm roots—meticulous planning, market analysis, and […] The post Launching a Business: What to Know and Essential Tips appeared first on Capital CFO+.

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Startup unicorns take to GenAI as older companies dither

CFO News

A new study by consulting firm EY has found that innovation continued at a strong pace in 2024 but different organisations are at different stages of adoption when it comes to GenAI use cases

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India stocks set for biggest monthly FII outflows in a year on election risks, China appeal

CFO News

Global investors have pulled a net $3.5 billion from India’s stock markets so far in May, on course for the biggest withdrawal since June 2023, according to data compiled by Bloomberg.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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Need to rationalise MSME schemes for reach: DFS Secretary

CFO News

Speaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to make them easier and more comprehensible.

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GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authorities

CFO News

The GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register their machines with tax authorities. The Central Board of Indirect Taxes and Customs (CBIC) announced the new registration and monthly return filing procedure to improve GST compliance. The online facility allows manufacturers to submit machine-related information through Form GST SRM-I, and Form GST SRM-II (for return filing) will be available soon.

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EAM to India Inc: Use 'national security filter' in China deals

CFO News

Foreign Minister S Jaishankar emphasizes the importance of Indian firms using a national security filter in dealings with China. Aligning economic priorities with strategic interests, including 'Make in India' initiatives, is crucial. He warns against the weaponisation of economic activity for political pressure.

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Fusion MicroFinance to raise $25 mn from DFC

CFO News

Fusion MicroFinance is raising $25 million from the US International Development Finance Corporation (DFC) for growth capital, following a $20 million loan facility. The micro loan lender has already received $20 million from DFC. Fusion, founded in 2010, has assets under management of Rs 11,476 crore.

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How Top CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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RBI urges ARCs to follow the regulations in letter & spirit

CFO News

RBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs - Towards Effective Resolutions'. It was attended by senior-most RBI officials and 80 participants from the ARC sector.

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Norway excludes Adani Ports, US and Chinese cos from pension fund

CFO News

Norges Bank said on Wednesday that it excluded the company because of an unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict. The other two companies blacklisted by Norges Bank include US-based L3Harris Technologies and China's Weichai Power.

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Rs 1.4 lakh-crore: The cost parties are paying to woo voters in the world's biggest election

CFO News

In West Bengal though, it seems candidates across the board aren't ready to give up on the traditional campaign methods just yet with parties displaying an overt preference for a mix and match of tried-and-tested mass outreach methods with those of the digital age.

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India's consumer market likely to double by 2031: FM Nirmala Sitharaman

CFO News

During the CII Annual Business Summit 2024, the Finance Minister projected that India's consumer market would double by 2031 and anticipated a significant 18% contribution to global growth in the next five years.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a