Tue.Feb 13, 2024

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AI dominates CFOs’ 2024 budget hike plans

CFO Dive

The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

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U.S. inflation rose 0.3% in January, higher than expectations

Tips Watch

By David Enna, Tipswatch.com I am traveling today so this will be a brief post. So … it looks like the Federal Reserve’s wariness on inflation has been justified, at least based on data from the January inflation report.

Finance 98
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Trending Sources

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Inflation edges up, pushing back forecast of first Fed rate cut

CFO Dive

Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

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vcfo Returns as an Entrepreneur Of The Year® 2024 Award Sponsor

VCFO

vcfo is proud to sponsor the Entrepreneur Of The Year® 2024 Award. A returning regional sponsor in the Gulf South program , which includes Central and South Texas, Louisiana, and Mississippi, this award highlights ambitious founders and leaders whose endeavors demonstrate an entrepreneurial spirit, growth, purpose, and impact. “It’s exciting to be part of the nominating committee for entrepreneurs to tell their story on this best-in-class business award platform,” says Ken Dowa

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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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Renamed FinQuery tackles CFOs’ SaaS pain points

CFO Dive

The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.

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More Trending

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Moody’s picks SAP, PwC vet for CFO

CFO Dive

Noémie Heuland, a CPA with SaaS experience, will become the global risk assessment firm's finance chief in April.

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974: Crafting Strategy in a Data-Driven World | Eric Jenny, CFO, SOCi

CFO Thought Leader

It’s the type of story that we can’t resist repeating, and one that without question underscores Eric Jenny’s entrepreneurial spirit. Still, the entertainment value of his tale of zapping wasp nests with a homemade rubber band gun for a dollar a pop was at risk of eclipsing the more traditional milestones that populate a career path otherwise defined by strategic decision-making and an innate ability to identify and capitalize on opportunities.

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CFOs harbor data quality worries ahead of AI push

CFO Dive

Adding bad data to sexier AI models simply means CFOs will get “bad analytics faster,” BlackLine’s Michael Polaha says.

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Exit Planning: Synchronizing Dual-Track Financial Planning

Focus CFO

As Strategic Partners of the Exit Planning Institute, we were thrilled to share our insights on dual-track financial planning at a recent EPI 'Think Tank' session. You can check out the session, featuring our esteemed associates, Michael Stier (Area President, Carolinas) and Darren Cherry (Area President, Columbus Metro) below. They emphasize the importance of synchronizing dual-track financial planning for both the owner's personal financial goals and the strategic growth of the business.

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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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Sebi asks companies for accurate details on end use of IPO funds

CFO News

Currently, if most IPO proceeds are to be used for capital expenditure, then the lock-in for the promoters' shares is 36 months. But if the IPO-bound co states that the objective is for loan repayments, then the lock-in is only for 18 months.

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What are the Best Investments for RRSP in Canada?

Financial Analyst Insider

Greetings, future financial champions! Today, let’s embark on a journey into the world of Registered Retirement Savings Plans in Canada, commonly known as RRSPs. We’re The post What are the Best Investments for RRSP in Canada? appeared first on Financial Analyst Insider.

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Hindujas may borrow ?4,000 crore to fund Reliance Capital purchase

CFO News

The group's acquisition of Reliance Capital is pending necessary court and regulatory approvals. Its offer of ₹9,650 crore was approved by the committee of creditors (CoC) in July last year, subject to requisite approvals.

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Donor Recognition: Creative Ways to Show Appreciation

Capital CFO LLC

Donor recognition fuels continuity for nonprofits allowing them to continue warming hearts and enriching lives. Imagine a world where kindness goes unnoticed, where gestures of generosity hover in silent obscurity. […] The post Donor Recognition: Creative Ways to Show Appreciation appeared first on Capital CFO+.

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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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Adani-Hindenburg story not over yet? Review petition filed against SC judgment

CFO News

A review petition has been filed challenging the Supreme Court's approval of SEBI's probe into the Adani-Hindenburg issue. The petitioner alleges the judgment has "apparent errors" and overlooks SEBI's regulatory failures. The case involves US short-seller Hindenburg Research accusing the Adani Group of fraud and stock price manipulation. SEBI's probe into potential securities law violations is ongoing.

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FinanceAI™ explained - 3 things CFOs should know

Future CFO

Generative AI has quickly cemented its foothold in the public consciousness. It has sparked excitement around productivity increases and cost savings but also warrants caution. CFOs and finance executives who adapt and learn with it can lead the future. We discuss three things CFOs should know about Generative AI. The post FinanceAI™ explained - 3 things CFOs should know appeared first on FutureCFO.

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Oyo may back out of IPO plan, opt for private raise

CFO News

In a response to emailed queries by ET, Oyo said the information is inaccurate. Oyo’s first public offer filing was returned by the markets regulator in January 2023, requiring the SoftBank-backed firm to refile its draft red herring prospectus (DRHP) with updates and revisions. The startup then made a confidential pre-filing with Sebi for a significantly smaller-sized IPO.

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#FA Success Ep 372: Quadrupling Revenue By Restructuring Your Business Model To Reflect Your Entire Value To Clients, With Melody Townsend

Nerd's Eye View

Welcome back to the 372nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Melody Townsend. Melody is the president of Townsend Financial Planning, an RIA based in Lexington, KY, that oversees $112 million in assets under management for 160 client households. What's unique about Melody, though, is how after her first decade in practice, she quadrupled her revenue in the subsequent 2 years by restructuring her business model from standalone hourly engagements and

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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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About 13,500 employees from Byju’s, Paytm get on job-hunting mission

CFO News

The job market currently has over 6,500 active and accessible professionals from Paytm and another 7,000 from Byju’s, showed data from popular job boards and portals put together for ET by specialist staffing firm Xpheno. Amid a hiring slowdown in the startup ecosystem, the going isn’t likely to be easy for jobseekers despite many of them being willing to take substantial salary cuts, recruiters said.

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NCLT grants additional 60 days to finish Go First insolvency process

CFO News

Last month, the committee of creditors (CoC) of the budget carrier had directed the resolution professional (RP) appointed for the CIRP to seek an extension of 60 days from the tribunal, as they had received expressions of interest from three prospective resolution applicants, along with earnest money.

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Insurance agents got extra Rs 25,000 crore via benami companies: I-T Dept

CFO News

Notices under Benami Transactions (Prohibition) Amendment Act, 2016, have been sent to insurance agents. They have been told to share info on their money transactions with the intermediaries. The benami amount is estimated to be in excess of Rs 25,000 crore.

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Dream11's parent company challenges insolvency petition in NCLAT appeal

CFO News

On Tuesday, Sporta Technologies, the parent company of Dream11, lodged an appeal with the National Company Law Appellate Tribunal (NCLAT) in Delhi, challenging the National Company Law Tribunal (NCLT) Mumbai's recent decision to accept an insolvency petition. The insolvency petition, filed by Reward Solutions' resolution professional, alleged that Sporta Technologies defaulted on dues amounting to Rs 7.61 crore.

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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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Fraud losses increasing in India, finds study

CFO News

There are several factors driving this surge in fraud attacks, such as persisting financial pressure on consumers, numerous data breaches leaking sensitive information onto the dark web and the arrival of publicly-accessible generative AI, which has lowered the technical skills required to carry out fraud.

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Registration of companies, LLPs hits fresh high in FY24

CFO News

Optimism about the country’s medium-to-long term economic growth prospects and steps to ease compliance burden and promote ease of doing business are driving the record incorporation, senior government officials said. According to the latest data compiled by the Ministry of Corporate Affairs, 14,333 companies were incorporated in January, against 12,167 a year before.

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India needs to grow at 7-8 per cent annually to become developed nation by 2047, says Ex RBI Guv C Rangarajan

CFO News

​​Asserting that innovation cannot be a single solution to reduce inequalities or poverty, the former Chairman of the Prime Minister's Economic Advisory Council said besides faster growth rate, the country may need social safety nets such as subsidies in kind of cash and basic income.

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Oyo approaches SEBI to expedite IPO approval

CFO News

Oyo is keen to expedite its IPO approval and is said to have informed the regulator about a partial prepayment of $200 million of Oyo's outstanding Term Loan B (TLB) from its books and the consequent positive commentary by the international rating firms Moody’s and Fitch, the people cited above said.

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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.