Mon.Feb 26, 2024

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6 Ways ERP Production Planning Helps Manufacturers

Navigator SAP

Few areas impact a manufacturer more than efficient production planning, and few tools are better for production planning than an enterprise resource planning solution (ERP). Manufacturers that use an ERP for industrial manufacturing can precisely analyze and juggle the variables that go into efficient production planning, and ERP for industrial product manufacturing is a cornerstone technology for a lean manufacturing methodology.

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AI, employee balance key to driving tech strategy: IMA

CFO Dive

Treating AI like a new colleague, rather than a replacement for employees, can help CFOs more seamlessly incorporate the technology.

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Why Growth-Focused Manufacturers Need an Industrial Manufacturing ERP Solution

Navigator SAP

No manufacturer has a zero-growth strategy. But homegrown or outdated technology can make a manufacturing business look like it is slumping toward a no-growth goal. The difference between a growing manufacturing operation and a stagnant one often comes down to inadequate technology that was not built for the pace and needs of the marketplace today. Manufacturers that want to improve performance and growth should be looking at modern product manufacturing ERP solutions such as SAP S/4HANA Cloud P

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Economists predict 2.2% GDP growth, outstripping prior 2024 forecast: NABE

CFO Dive

Data on the job market, and consumer and producer prices, suggest the Fed may need to keep the main interest rate at a 40-year high longer than markets anticipated.

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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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Material Resource Planning and Its Role in Manufacturing

Navigator SAP

Industrial and manufacturing solutions have significantly evolved over the years as computers have become more powerful and manufacturing efficiency has gone from a competitive advantage to table stakes. Manufacturers now use a manufacturing execution system in resource planning and execution (MES), a material resource planning system (MRP) for preparing a batch manufacturing record, and an enterprise resource planning solution (ERP) for tying it all together.

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What is a Manufacturing Execution System?

Navigator SAP

A key component of lean manufacturing methodology is using a manufacturing execution system for monitoring, tracking and controlling the manufacturing process. Although this isn’t the only manufacturing resource planning method that businesses lean on, it is a key industrial manufacturing solution that plays an important role within an overall lean manufacturing methodology strategy.

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MGM Resorts’ cyberattack headache continues as regulators launch investigations

CFO Dive

The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.

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Preparing for the next step: is your company ready for an IPO?

Future CFO

For many entrepreneurs, an initial public offering (IPO) represents a significant milestone or growth opportunity. The potential rewards can be substantial. However, navigating the path to an IPO can be complex and demanding, requiring significant planning and preparation. Undoubtedly, it is crucial for any company considering an IPO to thoroughly prepare before embarking on such a significant endeavor.

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Let’s check in on the I Bond’s next fixed rate

Tips Watch

By David Enna, Tipswatch.com Earlier this year, I think most I Bond investors were assuming that the I Bond’s next fixed rate would end up being lower than the current 1.30%, the highest fixed rate since November 2006.

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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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KPIs To Track Your Advisor Marketing And Figure Out What’s Actually Working (Or Not)

Nerd's Eye View

In the early days of the financial advice industry, an advisor's options for generating new business were somewhat limited. Cold calls, country club memberships, Chamber of Commerce networking, and referrals (from clients or centers of influence) were staples for growth, and determining how successful those sales-centric efforts were was rather straightforward.

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IOC scraps maiden green hydrogen tender after bidders cry foul, move court

CFO News

Industry players cited tender document skewed in favour of IOC’s JV with L&T & Renew Power; 50 prospective bidders participated in pre-bid meet but eventually opted out, only 1 bid submit by IOC’s JV co. In a cancellation corrigendum issued on February 21, IOCL said, the tender stands cancelled. The company did not reply to an email sent till press time.

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Gartner: Staff technology acceptance reduces error rates

Future CFO

Acceptance of new technology among accounting staff within organisations dramatically reduces error rates, according to Gartner Inc. This observation follows Gartner's recent survey which found that 18% of accountants make financial errors at least daily, and a third commit at least a few financial errors every week. Further, 59% were revealed to have been making several errors per month.

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MEP Infra seeks shareholder nod to rope in new investor

CFO News

Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.

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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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Cost volume profit analysis (CVP): everything you need to know

Cube Software

What is cost volume profit analysis? Cost volume profit (CVP) analysis is a fundamental pillar of financial management, offering valuable insights into the impact of variations in costs, sales volume, and pricing on profitability.

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MCA seeks fast submission of inspection report on Byju’s; company says 'complied with' govt directions

CFO News

The Ministry of Corporate Affairs (MCA) has requested a swift investigation into potential corporate governance issues at Byju's and will determine whether to involve the Serious Fraud Investigation Office or the National Financial Reporting Authority based on the findings. Byju's has faced scrutiny after the resignation of directors and auditors over delays in financial results.

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The Importance of Cash Flow Management for Small Businesses

CFO Network

In small businesses, success often hinges on a delicate balancing act. Entrepreneurs constantly juggle various aspects of their operations, from managing customers and employees to dealing with suppliers and vendors. Amidst this whirlwind, one critical element that can make or break a small business is often overlooked – cash flow management. In this article, we’ll dive into the significance of cash flow management for small businesses and provide valuable tips and strategies to master thi

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WTO backs India's pitch to cut remittance cost

CFO News

Separately, Indonesia has backed New Delhi's proposal to reinvigorate the work under the Work Programme on Electronic Commerce, which requires structured discussion on trade-related issues over global e-commerce, taking into account the economic, financial and development needs of developing countries.

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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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BSNL mulls network upgrade, rationalisation of staff costs to compete with private players

CFO News

The government is considering measures like network upgradation, employee cost rationalisation, and sales enhancement to improve BSNL's operational efficiencies. BSNL needs to reduce manpower costs and benchmark employee expenses with other telecom operators to compete effectively. However, the company is yet to start 4G services and is losing subscribers to rivals that have almost completed their 5G rollouts.

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Consumer goods companies set to raise prices by 2-4% in 2024

CFO News

Companies such as Godrej Consumer Products, Dabur and Emami said price-led growth will be back for the industry. India's largest FMCG firm Hindustan Unilever (HUL) too expects some improvement. Dabur said it has increased prices by 2.5% across its food portfolio, while Emami said it is looking at around 3% price hikes this year.

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Coca-Cola brass to visit India this week with a 200-member team

CFO News

Coca-Cola CEO James Quincey and a team of executives are visiting India to explore growth opportunities. They will meet government officials, bottling partners, and discuss concerns about taxation under the GST regime. India and Brazil led growth in developing and emerging markets. Coca-Cola India's consolidated profit increased 57% to Rs 722 crore in FY23, and revenue from operations climbed 45% to Rs 4,521 crore.

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Government's dividend income from RBI in FY25 to be similar to FY24, source says

CFO News

RBI dividend: The Indian government expects dividend income from the Reserve Bank of India to remain consistent with last year. A surplus of Rs 87,416 crore was transferred to the government for fiscal year 2022/23, with a projected surplus transfer of Rs 1.02 lakh crore for fiscal year 2025. The government will review its borrowing requirements to potentially reduce them.

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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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Vijay Shekhar Sharma resigns from Paytm Payments Bank board

CFO News

Vijay Shekhar Sharma will be stepping down as the part-time non-executive chairman and board member of Paytm Payments Bank. Further, Paytm Payments Bank will opt for a board with only independent and executive directors.

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Govt spent 80% of revised FY24 capex outlay

CFO News

The official said the collections under various small savings scheme remain healthy this fiscal and will be in sync with the revised estimate. The net mop-up for senior citizens breached ₹90,000 crore as of end-January this fiscal, way above that of ₹37,362 crore in the whole of FY23. The surge is mainly driven by the 2023 Budget move to double the deposit limit under the scheme to₹30 lakh.

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RBI imposes nearly Rs 3 crore fine on SBI, Canara Bank, and City Union Bank

CFO News

The Reserve Bank of India (RBI) has imposed penalties totaling almost Rs 3 crore on State Bank of India, Canara Bank, City Union Bank, and Ocean Capital Market Ltd for violating regulatory norms.

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India gains with a digital services tax

CFO News

The moratorium has served its purpose of keeping trade in digital services free without extensive rules over fair play. These rules are unlikely to be codified as long as the tax waiver remains in place. New Delhi has a strong case at Abu Dhabi 13th Ministerial Conference in seeking to sort digital services on a merit scale. Should games receive the same tax treatment as biomedical research?

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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.