Tue.Jan 30, 2024

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CFOs must keep focus on ‘streamlined, clean’ data, Infosys exec says

CFO Dive

Wrestling insights out of previously siloed data in a compliant, effective manner is paramount for CFOs looking to take advantage of generative AI technologies.

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Union Budget 2024: GST changes not likely on legislative side, procedural changes inevitable, says tax expert

CFO News

As the Interim Budget 2024 nears, significant shifts in India's GST policies come to the forefront, particularly focusing on procedural changes. The expected announcements include measures for compliance simplification, potential relief for MSMEs, and a digital push, outlining a strategic direction for a more streamlined and responsive fiscal landscape.

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Targeting the accounting shortage: 2024 tactics

CFO Dive

With controversial state legislation and big changes for CPA exam takers afoot, this year could be a volatile one for accounting players.

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#FA Success Ep 370: Leveraging Google Reviews To Generate Inbound Local Prospects, With Tim Goodwin

Nerd's Eye View

Welcome back to the 370th episode of the Financial Advisor Success podcast ! My guest on today's podcast is Tim Goodwin. Tim is the founder of Goodwin Investment Advisory, an RIA based in Woodstock, Georgia, that oversees $275M in assets under management for 370 client households. What's unique about Tim, though, is how he leaned into Search Engine Optimization (SEO) – Google Reviews in particular – coupled with paid search ads to capture consumers actually searching for "financial a

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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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Consumer confidence, job openings rise as Fed favors holding rates high

CFO Dive

The Federal Reserve on Wednesday will probably keep the main interest rate as the highest level since early 2001 as the economy shows signs of unexpected strength.

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Tech CFOs kick off 2024 with flurry of layoffs

CFO Dive

The latest layoffs show that many tech CFOs remain laser-focused on ensuring long-term profitability in an uncertain economic environment, analysts said.

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970: Growing in Good Company | Dennis Johnson, CFO, Qlik

CFO Thought Leader

It’s an all-too-familiar tale among the ranks of senior finance executives: A private equity firm acquires a company, reshuffles the finance team, and reserves the top finance spot for one of its own portfolio CFOs. At Qlik, though, this story had a less familiar ending—or at least one that did not include a portfolio CFO. Instead, back in 2016, when Thoma Bravo acquired King of Prussia, Pennsylvania’s Qlik, a seasoned veteran of the latter’s own finance team—Dennis Johnson—ent

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One in four companies ban GenAI

CFO Dive

The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

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Cost pressures continue to ease

Future CFO

Cost pressures continue to ease according to accountants worldwide, but remain elevated by historical standards, said ACCA recently. The ACCA and Institute of Management Accountants (IMA) Global Economic Conditions Survey (GECS) shows declining confidence among accountants globally for the third consecutive quarter in Q4 2023, consistent with a further moderation in global growth.

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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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IMF revises India’s FY25 growth forecast upward to 6.5%

CFO News

The finance ministry in its economic review before the budget has projected Indian economy to grow close to 7% in FY25. The multilateral institution projected Indian economy to grow 6.7% in FY24. The first advance estimate released by the government earlier this month pegged FY24 growth at 7.3%.

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Is It Time to Work With an Outsourced CFO?

Beacon CFO Plus

When CFO Services Become a Strategic Imperative In the ever-evolving business landscape, the decision to bring in external expertise can have a major impact on your success. Regardless of your business’s size or industry, there comes a point where engaging with an outsourced CFO becomes necessary. Here are a few examples of when it may be time to work with a fractional CFO either part-time or on a project-by-project basis.

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Govt mulls tweaks to PLI for textile, pharma & food processing

CFO News

The government is in the process of modifying the production-linked incentive (PLI) schemes for textiles, food processing, and pharmaceuticals. A cabinet note has been finalized to make these sectors more attractive for companies participating in the PLI program. The move aims to enhance investment in sectors beyond electronics, pharma, food processing, and telecom, which have been the primary beneficiaries of the PLI schemes so far.

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When You Should Consider Merging a Nonprofit

The Charity CFO

You might think of big businesses and billion-dollar takeovers when you hear the term “merger,” but for-profit corporations aren’t the only organizations that can benefit from mergers. Many nonprofits use mergers to strengthen their organizations. Ultimately, nonprofit mergers can help an organization better fulfill its mission. Are you considering merging with another nonprofit?

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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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A reset is on cards at Byju’s cap table post rights issue value cut

CFO News

Depending on the final set of investors subscribing to the share sale, Byju’s founder Byju Raveendran may also end up owning more in the firm if he manages to arrange capital for the financing.

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Don’t Trust Your Accountant!

CFO Selections

What would we do without our accountants? We rely on them for accuracy, reporting, transaction processing, analysis, and financial advice. For non-accountants, the discipline can be a mystery. So, we try to find a good accountant to add to our team and then we trust them to do their job. That’s what we should do, right? Actually, no. You shouldn’t trust your accountant.

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Semiconductor Laboratory revamp: Tata, Texas, Tower among nine bidders

CFO News

The state-owned Semiconductor Laboratory in Mohali is the only chip manufacturing unit in India that produces semiconductors for strategic and defence purposes, including for space exploration such as the Chandrayaan mission. However, the facility that was founded in 1976, has lagged behind private companies in terms of production as well as technology over the years.

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FCF Biotech Venture Capital Monitor – USA 12/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 12/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 12/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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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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Startups talk up funding winter, but loosen their purse strings

CFO News

During the ongoing funding winter, several internet majors such as Paytm, Policybazaar parent PB Fintech, Flipkart failedd to control expenses in FY23. Horizontal omnichannel retailers such as Nykaa, Mamaearth parent Honasa Consumer and FirstCry also saw both employee expenses and marketing costs rise anywhere between 23% to 55% during FY23.

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Outlook for ASEAN in 2024 remains positive, S&P says

Future CFO

The near-term economic outlook for the ASEAN region in 2024 remains positive, according to S&P Global Market Intelligence. Rajiv Biswas , Asia Pacific chief economist at S&P says this is supported by the continued expansion of domestic demand in a number of large Southeast Asian economies, as well as foreign direct investment inflows that are expected to remain strong as multinationals continue to diversify their manufacturing supply chains towards Southeast Asian industrialised nations.

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Budget 2024: More jobs, infra push or social security - What 'Bharat' may get before Lok Sabha elections?

CFO News

Budget expectations: As India prepares for the 2024 interim budget before the Lok Sabha elections, there is optimism that the budget will focus on rural jobs and schemes, including initiatives like 'Make in India,' expansion of Production-Linked Incentive (PLI) schemes, and targeted agriculture-related subsidies and incentives. Lower subsidies in the budget may put pressure on rural demand, but the govt is expected to divert savings towards spending on rural infrastructure and incentives that im

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The Mentoring Round | Elizabeth Mann, CFO, Verisk

CFO Thought Leader

Inside The Mentoring Round , Elizabeth Mann emphasizes the critical integration of finance and human resources, highlighting the importance of team dynamics alongside financial metrics. Her approach champions continuous learning and revisiting initial understandings as business knowledge evolves. Mann also draws parallels between the challenges of parenting and her role as a CFO, recognizing decision-making complexities and learning from mistakes. 969: The Human Equation in Finance | Elizabeth M

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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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US wants more of its investments to flow into India: Envoy

CFO News

The US Ambassador to India, Eric Garcetti, described the Indo-US ties as a 'multiplicative relationship' and emphasized the need for more US investments to flow into India. He called for easier corporate tax practices and the removal of barriers for companies to invest in India. Garcetti also expressed his vision for India to become a larger trade partner of the US and highlighted the importance of changes in export policies.

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Venture Capital Sentiment Tracker – December 2023

Fox Corporate Finance

December 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – December 2023 appeared first on FCF Fox Corporate Finance GmbH.

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Insurers may need prior approval from IRDAI to appoint new chief

CFO News

The Insurance Regulatory and Development Authority of India (IRDAI) is considering measures to enhance governance in the insurance sector. One proposal involves requiring prior approval from IRDAI for the appointment of insurance chairmen, aligning with practices in the banking sector. The regulator is also exploring the establishment of mandatory committees, including an Asset-Liability and Ethics Committee, and a board-approved Environmental, Social, and Governance (ESG) and Climate Risk Frame

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Adani Energy Solutions appoints Kunjal Mehta as CFO

CFO News

"Kunjal Mehta, presently serving as CFO within Adani Portfolio of Companies, will assume the role of Chief Financial Officer of the company (a key managerial personnel, categorised as senior management personnel), commencing from April 1, 2024," the company said.

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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.