Wed.May 22, 2024

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How companies should approach compliance under multiple climate reporting regulations: BCG

CFO Dive

BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.

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Southeast Asia Sees Venture Capital Drought

Global Finance

Southeast Asian economies survived the pandemic and post-pandemic pitfalls in solid shape. Indonesia, Philippines and Vietnam still rank among the world’s fastest growing large nations. The region’s financial center, Singapore, has expanded as global capital flees competing Hong Kong. So why is Southeast Asia’s startup engine stalling? Venture capital and private equity (VC/PE) flows in most regions have slowed as central banks raised interest rates to combat inflation.

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Trending Sources

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SEC fines NYSE’s parent $10M for failing to report cyberattack

CFO Dive

The settlement sheds light on the costs of cyberattacks that can include penalties for non-compliance with timely disclosure requirements after the events occur.

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How To Clean Up Business Financial Statements

CFO Share

Consistent financial reporting is critical for business management. These reports are the backbone of evaluating business performance – crucial for making informed decisions, attracting investors, and securing loans. But cleaning up bad statements can feel daunting, tedious, and wasteful to small business owners and managers. If you’ve recently faced hurdles or missed opportunities due to disorganized financials, you need to clean up your statements.

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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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AI startup Anthropic brings in Airbnb alum as first CFO

CFO Dive

Anthropic is getting its first-ever finance chief as the company attempts to crack AI’s “black box” in the face of growing ethical and security worries.

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More Trending

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Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe

CFO Dive

The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.

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If Modi is re-elected, these sectors will get his most attention

CFO News

Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.

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The Top 5 Cloud FP&A Solutions for Non-Profits Compared (2024)

Lime Light

Limelight Martus Sage Intacct Planning Workday Adaptive Planning NetSuite Budgeting and Planning Every dollar counts in the non-profit sector. Grant funding is tight, resources are precious, and achieving your mission is paramount. But financial tasks like budgeting, grant tracking, and forecasting can be complex and time-consuming.

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Oyo withdraws IPO application, opts for private funding at 70% valuation cut

CFO News

Oyo IPO: Hospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.

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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 Top 5 Cloud FP&A Solutions for Non-Profits Compared (2024)

Lime Light

Limelight Martus Sage Intacct Planning Workday Adaptive Planning NetSuite Budgeting and Planning Every dollar counts in the non-profit sector. Grant funding is tight, resources are precious, and achieving your mission is paramount. But financial tasks like budgeting, grant tracking, and forecasting can be complex and time-consuming.

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State of the Economy: How did the macroeconomic indicators perform in April 2024?

CFO News

The inaugural month of FY25 saw GST collections soaring to Rs. 2.10 lakh crore, accompanied by a slight easing in inflation to 4.83%. However, the unsettling rise in unemployment to 8.1% raises concerns. Meanwhile, foreign exchange reserves stood at Rs.53,17,256 crore. Read here for a comprehensive analysis of these economic indicators.

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CFOs as overseers of digital transformation

Future CFO

The role of chief financial officers has long been evolving, especially following the drastic changes brought about by the advent of the COVID-19 pandemic. One might say that it has been more than four years since, but it is an undeniable fact that shifts within the Finance function and the organisations as a whole are still ongoing here and there. The lockdowns and quarantine situations introduced changes in the business world that are still visible up until now, if not continuously developing

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India on cusp of long-awaited economic take-off, says RBI article

CFO News

While revising India’s GDP growth upwards by close to 2 percentage points for 2023-24, the IMF’s April 2024 World Economic Outlook (WEO) alludes to the robustness of growth expected in 2024 and 2025 as “reflecting continuing strength in domestic demand and a rising working-age population”, it said.

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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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KPIs for a Nonprofit Organization

The Charity CFO

Key Performance Indicators, or KPIs, are an essential part of any successful nonprofit. KPIs give you a better idea of what programs, initiatives, and operations are effective. Choosing KPIs for your nonprofit doesn’t have to be complicated. Keep reading to learn more about some of the most common KPIs for nonprofit organizations and why you might want to use them.

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Government gets Rs 2.11 lakh crore from RBI by way of dividend

CFO News

The Reserve Bank of India (RBI) has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023-24, exceeding expectations. This windfall, largely from interest income on overseas securities and income from LAF operations, strengthens the government's fiscal position and may lead to a reduction in borrowing. The surplus, determined by the Economic Capital Framework (ECF), represents 25.5% of RBI's total assets.

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Do You Need a Nonprofit CFO?

The Charity CFO

What do many successful nonprofits have in common? Good financial management. In nonprofits, managing your finances effectively is essential to running a sustainable organization. Not only does good financial management help keep your organization running, but it also helps bolster trust in your nonprofit. A Chief Financial Officer (CFO) is a C-suite financial manager for your organization.

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Vi fundraising may not click until new govt comes online

CFO News

Vi’s lenders are seeking clarity on future equity conversions by the government, as well as the outcome of the telco’s curative plea in Supreme Court over an earlier order on its arrears based on adjusted gross revenue. These issues, according to bankers, will ultimately determine the cash-strapped company’s future regulatory payment obligations, especially after the moratorium on the payment ends next year.

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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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Artificial Intelligence – Bane or Boon to the CFO?

CFO Selections

As CFOs, we have a full plate of responsibilities for financial reporting, planning and analysis, and risk management. We’re often skeptical of “breakthroughs” that promise to “transform the finance function” and “shift the paradigm of accounting and finance.” To us, these types of phrases just sound like more of the same – another overhyped management consulting fad based on a Harvard Business Review article.

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Value creation, talent, tech, and sustainability are CFOs' new priorities

CFO News

CFOs are undergoing a profound transformation, evolving from financial reporters to strategic partners. Nandita Pai, Partner and CFO Program Leader at Deloitte India, highlights their shifting priorities, from value creation to technological adoption, in navigating today's business landscape.

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Nuvama Group appoints Bharat Kalsi as the new Group CFO

CFO News

Nuvama Group strengthens its leadership with appointment of the new group CFO to oversee all aspects of the group’s finance function and corporate strategy.

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Adani group m-cap regains $200 bn-mark as company rebuts coal invoicing allegations

CFO News

While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing.

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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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Running toward success: How Zetwerk's CFO Pulkit Bhandari uses fitness to solve complex problems

CFO News

Pulkit Bhandari, CFO of Zetwerk, believes that play and work complement each other, enhancing resilience and problem-solving skills. A chartered accountant with a background in corporate finance at RPG Enterprises and investment banking at Deutsche Bank and ICICI Securities, Bhandari is also a dedicated athlete. He has completed 10 full marathons, numerous half marathons, open water swims, and a half Ironman.

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Angel tax destroyed startup ecosystem, GST killed gaming industry, says Priyank Kharge

CFO News

Priyank Kharge: His comments come as political parties are in the middle of the Lok Sabha election, with two more phases scheduled over the next ten days.

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Liquidity deficit surges to four-month high

CFO News

The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the same rate as the RBI's Marginal Standing Facility (MSF).

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IRDAI introduces new corporate governance regulations for insurers

CFO News

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that insurance companies must now seek prior approval for appointing their Board Chairperson. Current Chairpersons must comply with this regulation by March 31, 2026, or by the end of their terms, whichever comes first. IRDAI has introduced new corporate governance rules to prevent conflicts of interest in key management roles and to ensure that no individual holds multiple significant positions.

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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.