Mon.Dec 02, 2024

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Shifting data from liability to asset: Bloomfire CEO

CFO Dive

In the AI era, CFOs need to ensure they’re focused on specific challenges when it comes to their data management strategies to ensure they’re getting the most out of unstructured data, Bloomfire CEO Ben Little says.

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5 Excel-heavy Pain Points still Dragging down finance teams in 2025

The Finance Weekly

When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? After all, how busy someone is will be relative to their business, function, and industry. However, as finance and accounting professionals, when someone asks us how work is going, when you answer with “busy,” you mean you are working flat-out trying to do very manual things in Excel.

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Trending Sources

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US manufacturing shrinks for eighth straight month: ISM

CFO Dive

Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.

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Finance professionals boost productivity in the public sector

Future CFO

The Association of Chartered Certified Accountants says the public sector is under unprecedented pressure, with increasing fiscal constraints, rising demands, and evolving societal challenges call for a transformation in how governments deliver value to citizens. According to ACCA’s latest report, A productive approach: Finance professionals improving productivity in the public sector , there is a critical role finance professionals play in navigating these complexities.

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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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Bumble’s CFO resigns amid leadership shuffle

CFO Dive

Anu Subramanian will step down from the CFO role in March after serving as the dating app provider’s finance chief since 2020.

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More Trending

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Robinhood Acquires TradePMR To Refer Next-Gen HNW Clients To On-Platform RIAs (And More Of The Latest In Financial #AdvisorTech – December 2024)

Nerd's Eye View

Welcome to the December 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that the retail brokerage platform Robinhood is acquiring RIA custodian TradePMR, which appears to be less about Robinhood wanting to compete with the likes of Schwab and Fidelity in the custodial space

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1053: Strategic Financial Alignment for Enhanced Transparency and Growth | Cyrus Lam, CFO Orion Innovation

CFO Thought Leader

For Cyrus Lam, the aspect of the CFO role that sets it apart from all others is the weight of non-negotiable priorities. Despite years spent closely collaborating with CFOs as an investment banker, Lam tell us he quickly discovered a new level of accountability in the role. Managing cash flow and ensuring payroll, he says, are unyielding priorities.

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Are You Ready to Outsource Your Business Management Needs in 2025?

Capital CFO LLC

As businesses continue to evolve and adapt to changing technologies and global market demands, one strategy that has gained immense popularity is outsourcing. While outsourcing has long been a staple for certain business functions like manufacturing, customer support, and IT services, it’s now making waves in the realm of business management. As we approach 2025, […] The post Are You Ready to Outsource Your Business Management Needs in 2025?

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Rupee emerges as one of Asia's best-performing currencies

CFO News

Despite geopolitical tensions in the Middle East and a strong USD, the Indian Rupee remains one of the best-performing Asian currencies. Finance Minister Pankaj Chaudhary attributes this resilience to India's robust economic fundamentals. Global events and market factors continue to influence the INR-USD exchange rate.

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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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The Role of Your Nonprofit CFO in Executive Management

Capital CFO LLC

In the nonprofit sector, financial management plays a critical role in ensuring that an organization not only sustains its mission but thrives in delivering its services and programs. Often, the person at the helm of financial stewardship is the Chief Financial Officer (CFO). While traditional roles of CFOs in for-profit organizations focus heavily on maximizing […] The post The Role of Your Nonprofit CFO in Executive Management appeared first on Capital CFO+.

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PLI scheme: Fueling innovation, entrepreneurship to transform India into a global manufacturing hub

CFO News

Even industry experts are dubbing the current period as India's "prime era" of industrial growth, fueled by a remarkable surge in the sector. Currently holding a 2.7 per cent share in global manufacturing, the nation recognises the need for strategic momentum to expand its footprint.

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Rental Conversions & RPO Financing | CCG

Commercial Credit Group

When it comes to obtaining equipment for your growing business, you have some options for procurement - rent, buy, or rent with an option to purchase (typically known as a rental purchase option or RPO). Oftentimes companies aren't sure of a long-term need for equipment, or sometimes they don't have cash on hand for a down payment, so renting is the best option.

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Govt detects Rs 824 cr GST evasion by crypto firms: MOS Finance

CFO News

The government has detected a staggering Rs 824 crore GST evasion by cryptocurrency firms, including Binance-linked Nest Services, which is accused of evading Rs 722.43 crore, Minister of State for Finance revealed.

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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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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • The Asset of the Millennium Isn’t What You Think: Here’s a real Y2K surprise — 25 years later, its Gold. The third millennium (assuming it started in January 2000; remember Y2K?) is almost 25 years old. And it makes a sensible landmark on many levels for anyone trying to understand financial history. Vladimir Putin came to power in Russia, nearly to the day.

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Adani entities apply for settlement in response to Sebi show cause notice

CFO News

Entities linked to Adani Group have sought a settlement with Sebi over alleged public shareholding norm violations. They filed settlement applications following a show cause notice from Sebi. These actions involve key figures, including Vinod Adani, and four listed companies: Adani Enterprises, Adani Power, Adani Ports, and Adani Energy Solutions. Sebi's investigation dates back to 2020.

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Transcript: Michael Morris on Tribalism

Barry Ritholtz

The transcript from this week’s, MiB: Michael Morris on Tribalism , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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India records 45 pc surge in FDI to $29.79 billion in April-Sept

CFO News

Foreign Direct Investment (FDI) inflows into India surged by a robust 45 per cent to $29.79 billion in April-September during the current financial year compared to $20.5 billion in the same period during 2023-24, according to figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT).

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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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Speculation over RBI chief Shaktikanta Das' future heats up after GDP miss

CFO News

Economists are speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September, a seven-quarter low and far below the Reserve Bank of India’s 7% projection.

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Nvidia among investors in $700 million capital raise by AI firm Nebius Group

CFO News

Nebius was founded by Arkady Volozh, former founder and CEO of Yandex. Volozh said the $700 million financing would give Nebius additional firepower to build clusters of graphics processing units (GPUs), cloud platforms and other tools for AI developers faster and on a larger scale.

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SFIO conducts search operations at three companies engaged in manufacturing of EVs

CFO News

The Serious Fraud Investigation Office (SFIO) on Monday conducted search operations at three companies engaged in manufacturing of electric vehicles namely Hero Electric Vehicles Private Limited, Benling India Energy and Technology Private Limited and Okinawa Autotech Internationall Private Limited.

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Pricol expands footprint with acquisition of Sundaram Auto Components' injection moulding business

CFO News

Pricol Limited is buying Sundaram Auto Components Limited's injection moulding business for INR 215.3 crore. The acquisition is expected to add around INR 730 crore to Pricol's revenue. Pricol plans to strengthen its position in the automotive sector by leveraging SACL's expertise. The deal will help Pricol expand its customer base and diversify its product offerings.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions

CFO News

Renault Group and Geely each retain 45% ownership of Horse Powertrain. Aramco's involvement seeks to leverage its research and development expertise and explore innovative approaches to reduce transport emissions, including alternative fuels and efficient engine technologies.

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Smartworks receives SEBI approval for IPO

CFO News

Smartworks, a flexible workspace provider, has received SEBI approval for its IPO. The company operates in 13 cities in India and has expanded to Singapore. Keppel Ltd. is a major investor in Smartworks, having invested $29 million.

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Competition from new entrants biggest risk for market leaders

CFO News

Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors. Investors may suffer in the short term, but customers benefit from price wars. Healthcare competition may not reduce costs despite high medical inflation. Companies are trying new strategies to retain market share.

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Carraro India gets SEBI nod for its Rs 1,812 crore IPO

CFO News

The company filed its IPO papers on August 23, 2024, and plans to list its shares on both the BSE and NSE. The IPO comprises shares with a face value of Rs 10 each. Carraro India primarily serves the agricultural and construction equipment sectors.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.