Thu.Oct 10, 2024

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Finance and Strategy: Making Numbers Work for Your Vision

CFO Talks

Finance and Strategy: Making Numbers Work for Your Vision Imagine this: Your company has a fantastic vision—perhaps it’s to dominate a new market, launch a groundbreaking product, or grow your team and profits. But here’s the catch—without strong financial management to back up that vision, it’s like trying to build a house without a solid foundation.

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Core consumer price inflation rises 3.3%, outpacing expectations

CFO Dive

Despite higher-than-forecast price pressures, John Williams, president of the Federal Reserve Bank of New York, said “inflation has come within striking distance of our 2% goal.

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Trending Sources

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Central Banker Report Cards 2024: Europe

Global Finance

Belarus Pavel Kallaur: N/A With Belarus’ economy increasingly integrated into that of Russia, it makes perfect sense for the National Bank of the Republic of Belarus (NBRB) to proceed with plans to introduce a digital Belarusian ruble linked to the Russian currency. Although plans at the time of writing are sketchy, it is understood transactions will be classified as noncash settlements.

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OpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be enough?

CFO Dive

The raise left the Microsoft-backed company valued at $157 billion. But is a stable, profitable company lurking underneath all that funding?

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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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The Power of Fractional CFOs: Sara Daw on Transforming Financial Leadership for SMEs and Corporates

CFO Talks

The Power of Fractional CFOs: Sara Daw on Transforming Financial Leadership for SMEs and Corporates In a recent CFO Club Podcast , Leana van der Merwe hosted Sara Daw , Group CFO of CFO Centre Ltd, to discuss the increasingly popular concept of fractional CFOs. These part-time CFOs are becoming essential for businesses of all sizes, providing high-level financial expertise without the full-time cost.

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Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren

Global Finance

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? Byadran Lkhagvasuren: The Mongolian economy grew by 5.6% in the first half of 2024, mainly driven by high growth in the mining and transportation sectors as well as in the service sector, despite the sharp decline in the agriculture sector.

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September inflation sets I Bond’s new variable rate at 1.90%

Tips Watch

Social Security COLA will be 2.5% for payments beginning in January. By David Enna, Tipswatch.com The September inflation report, just released by the U.S.

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Managing Economic Balance: Q&A With Hungary’s Central Bank Governor György Matolcsy

Global Finance

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. Global Finance: Next year marks the end of your second term as governor of the MNB. Looking back to 2013, what have been the biggest changes in Hungary’s economy, and what have been your main achievements?

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Return on equity: Formula, calculation, and use cases

Cube Software

What is return on equity (ROE)? Return on equity is a financial performance metric that measures your company’s ability to generate profit from its shareholders' equity. Your shareholders’ equity is equal to your assets minus debts, so your ROE shows your return on your net assets.

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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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Pursuing Reform: Q&A With Iraq’s Central Bank Governor Ali Muhsen Al-Allaq

Global Finance

The governor of the Central Bank of Iraq, Ali Muhsen al-Allaq, speaks to Global Finance about the main challenges and top priorities for the bank. Global Finance: Iraq went through decades of wars and crises. How did that impact the Iraqi banking sector? Ali Muhsen al-Allaq: The banking sector faced severe headwinds starting with the Iraq-Iran war of 1980-1988, which damaged the country’s financial stability and the banks’ ability to service internal debt.

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World Bank maintains India's FY25 GDP growth forecast at 7% amid strong agricultural production, employment growth

CFO News

India's GDP growth forecast for FY25 remains at 7% due to higher agricultural production and robust employment growth. The World Bank predicts India will be the second highest growing South Asian nation, outpacing most emerging markets. The fiscal deficit is expected to reduce by 0.7 percentage point.

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Maintaining Momentum: Q&A With Costa Rica’s Central Bank Governor Róger Madrigal López

Global Finance

Róger Madrigal López, Costa Rica’s central bank governor, speaks to Global Finance about the country’s outlook for the coming year. Global Finance: What is your view of the Costa Rican economy in the coming 12 months? Róger Madrigal López: Costa Rica’s economy is set to maintain its positive momentum in the coming months, with growth expected to hover around 4%.

Banking 52
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When Mukund Rajan reminisced about Ratan Tata's vision, humility and foresight

CFO News

Tata Group's former chief ethics officer Mukund Rajan offered a comprehensive look at Tata's leadership style, marked by curiosity, humility, and strategic foresight of the industry at the ETCFO Leadership Summit last year.

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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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Central Banker Report Cards 2024: Asia-Pacific

Global Finance

Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe. As such, Bullock has been hyped as a change agent at the RBA, although the only notable change under her watch has been the transfer of decisions on the crucial cash rate to an interest-rate-se

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Ratan Tata, the man who made a difference in our lives

CFO News

The name Tata is synonymous with India’s business and people look at Tata as a brand of trust. Tata means quality. There are luxurious products but there are products specifically designed for the common people, which only Tata could do. Nobody could have purified water at such a small price and without cancer hospitals started by the Tatas, many would have faced financial ruin.

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Navigating a 29-Year Career: Lessons in Leadership and Continuous Learning

CFO Thought Leader

Inside The Mentoring Round , CFO Shelagh Glaser of Synopsys highlights several key themes from her 29-year career at Intel Corp. First, she emphasizes the value of front-line experience as a financial analyst, where the core business action takes place. She also stresses the importance of continuous learning, having rotated through various roles, which pushed her out of her comfort zone.

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If rate cut happens in Feb, it will come with significant downward revision of GDP: Union Bank report

CFO News

The Reserve Bank of India (RBI) holds the repo rate unchanged, shifting its policy stance to neutral, signaling ongoing inflation concerns. The UBI report suggests no rate cut in December due to rising inflation, with a possible rate cut and GDP forecast revision in Q4-FY25.

Banking 45
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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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Central Banker Report Cards 2024: Africa And The Middle East

Global Finance

Algeria Salah-Eddine Taleb: C+ Africa’s largest natural gas producer posted a 4.1% growth last year. The Bank of Algeria (BoA) maintained its nominal interest rate at 3%, unchanged since 2020. “Monetary policy remains accommodative,” comments the World Bank in its latest country report. In April 2023, Governor Taleb lowered reserve requirements to contain prices from 3% to 2%.

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World Bank ups India's growth forecast for FY25 to 7% due to rising private consumption

CFO News

The World Bank has raised India's economic growth forecast to 7% for the fiscal year ending in March 2025. This is up from April's 6.6% estimate. The growth is attributed to increased agricultural output and private consumption. The central bank maintained inflation forecasts and highlighted a resilient domestic growth outlook driven by private consumption and investment.

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RBC’s ousted CFO lands at Canaccord

CFO Dive

In April the Royal Bank of Canada fired its then CFO Nadine Ahn, citing an “undisclosed personal relationship” that violated its code of conduct. Ahn subsequently sued RBC for wrongful dismissal.

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When Modi brought Nano to Gujarat with an SMS to Ratan Tata

CFO News

​Tata had announced the exit of the Nano project from West Bengal on October 3, 2008 and declared that the plant would be set up at Sanand in Gujarat within the next four days.

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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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Central Banker Report Cards 2024: The Americas

Global Finance

Argentina Santiago Bausili: Too Early To Say With the new government led by President Javier Milei, who assumed office near the end of 2023, the Argentine central bank may have changed. It is slowly moving from a little-used institution unable to set credit conditions for the country, toward becoming a modern central bank. Much more is needed: The Central Bank of the Republic of Argentina (BCRA) still lacks independence from the government, and the ongoing economic and financial changes are part

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Fewer CEOs leaving as boards focus on stability & continuity

CFO News

India's top 200 companies experienced fewer CEO departures in FY20-24 compared to FY15-19, indicating greater leadership stability. The reduction was seen mainly in industrial and manufacturing sectors. Covid-19 influenced this trend by making boards prioritize business continuity. Notably, the period also saw an increase in women CEOs, reflecting growing diversity.

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Central Banker Report Cards 2024: Introduction

Global Finance

Beyond their core mandates, central banks must also respond to the actions of their peers to achieve their aims. Global Finance grades their success and interviews eight central bank governors about 2024 and 2025. For central banks worldwide, the past 12 months have been very challenging. They are not only fighting inflation and trying to avoid a recession, often supporting their local job market, but they are also dealing with and trying to anticipate the moves of other—and frequently bigger—ce

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GST relief for foreign airlines, academic institutions

CFO News

Foreign airlines in India gain GST exemption for head office services to branch offices per a government notification. Academic institutions also receive GST relief for research grants. New GST rules, effective October 10, include tax relief and penalty waivers to encourage voluntary compliance and dispute resolution.

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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.