Mon.Nov 06, 2023

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Truist pushes ambitious reorganization in $750M cost-cutting plan

CFO Dive

CFO Mike Maguire says the bank is making good progress, as it grapples with a string of high-profile executive departures.

Planning 305
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Interest Payments Are An Increasingly Large Part Of The US Budget Deficit

Barry Ritholtz

Source: Chartr We talked about this 2 weeks ago , but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels. Every corporate debt issuer and homeowner in America refinanced at lower rates — except for Uncle Sam. If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments.

Budgeting 128
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Trending Sources

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Long-time PepsiCo CFO moves to top finance seat at Disney

CFO Dive

The entertainment firm may be looking to lean on Hugh Johnston’s financial chops as it fends off challenges from activist investors and looks to bolster drooping streaming results.

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Auditors questioning companies is a good sign: NFRA Chief

CFO News

Ajay Bhushan Pandey hopes auditors speaking up will eventually over a period of time result in an overall improvement in audit quality and more trust in financial reports of the public interest entities.

Auditing 116
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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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A data governance blueprint for finance teams

CFO Dive

Learn how CFOs can establish controls and cross-departmental partnerships for stronger data governance.

Finance 279

More Trending

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Banks tighten standards on loans to companies of all sizes: Fed

CFO Dive

Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.

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The Latest In Financial #AdvisorTech (November 2023)

Nerd's Eye View

Welcome to the November 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while

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An inside look at working capital management with SAP and Taulia

CFO Dive

Businesses in every sector face challenges in managing cash, and at the heart of every stable firm sits working capital management.

SAP 245
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Disney appoints PepsiCo veteran Hugh Johnston as CFO

CFO News

Johnston will replace Kevin Lansberry who was appointed Disney’s interim CFO earlier this year.

CFO 59
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Get access to additional deposit insurance while doing good

CFO Dive

Unlock the power of a single banking relationship for better treasury management and financial security.

Treasury 189
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On offer: Govt mulls some relief on levy of GST on vouchers and gift cards

CFO News

Some vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services that also include the tax. The proposed clarification is expected to clear the air on the taxability of vouchers and gift cards, suggesting they should not be taxed at the point of sale.

Sales 59
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Slack CEO to depart after first year at the helm

CFO Dive

Lidiane Jones will step down from the top role at the collaboration software company to lead online dating app Bumble on Jan. 2.

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Jaiprakash Associates defaults on Rs 4,258 crore loans

CFO News

Jaiprakash Associates Ltd (JAL), the flagship company of the crisis-hit Jaypee Group, has disclosed a default on loans amounting to Rs 4,258 crore, including both principal and interest, in a regulatory filing.

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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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ACCA qualification gains popularity in India

Future CFO

The Association of Chartered Certified Accountants qualification is gaining popularity in India, according to Helen Brand , the body's chief executive officer. In an interview with The Financial Express, Brand said more and more global corporate houses and multinational companies which set up offices in the country seek ACCA qualification among their applicants.

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Fibe CFO focuses on growth but keeps hawkish eye on asset quality

CFO News

Ashish Goyal is betting big on deepening the company’s existing lines including its latest foray into health, insurance, and education financing products, and at the same time exploring new product lines for the future.

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Major credit trends in 2024

Future CFO

There are several major credit trends in 2024, said Moody’s recently. These major credit trends are as follows. Interest rates higher for longer Central banks will keep rates higher-for-longer to keep a lid on core inflation, which will gradually increase borrowing costs, slow economies and uncover pockets of risk. Structural shifts tied to climate risks, new technologies and demographics will challenge existing business and revenue models.

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Blackstone sees most Asia deal activity in India, Japan in 2024

CFO News

Blackstone foresees India and Japan as its primary Asian markets in the coming year for capital allocation. The world’s largest alternative asset manager recently acquired a stake in two hospital chains in India. As for Japan, Blackstone is open to do deals in Japan that are anywhere from $300 million to more than $2 billion, and in sectors like IT, healthcare and consumer.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Jedox software reviews and packages: what to know before you buy

Cube Software

Key capabilities of Jedox Jedox is an all-encompassing Enterprise Performance Management software designed for planning, analysis, reporting, and enhancing value-creation processes.

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Global economic recovery slow & uneven, needs joint action: Nirmala Sitharaman

CFO News

At a seminar on Strong, Sustainable, Balanced and Inclusive Growth in the Capital, Sitharaman said the New Delhi Declaration of G20 leaders in September underscored the urgency of adopting well-calibrated structural policies to bolster equitable growth and improve macroeconomic and financial stability.

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Mosaic FP&A software: pros and cons for finance leaders

Cube Software

What is Mosaic FP&A software? Mosaic is a cloud-based financial intelligence platform offering a suite of tools designed to enhance visibility into business operations. At its core, Mosaic aims to streamline the financial planning process, making it more intuitive and less time-consuming.

Finance 52
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Renew Power to invest Rs 44,000 cr by FY26: CEO Sumant Sinha

CFO News

Renew Power is looking to invest in wind, solar as well as in Green Hydrogen, Sinha revealed. He was speaking after the launch of the second edition of his book 'Fossil Free'.

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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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Preplanning for the Unthinkable: Business Divorce

CFO Simplified

When business partners work together, they do so because they get along great. Maybe they jointly developed the concept for their business. Perhaps they each owned different companies and discovered that their businesses were so compatible that they merged their organizations together. Possibly they were part of the same industry and felt that becoming vertically integrated would provide them with better control over the production and distribution of their products.

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IT pays? Now not much higher for the new hire

CFO News

This fiscal, software firms are offering hikes of 18-22% to those jumping jobs, while earlier, such candidates would command an increase of over 40% — even up to 100-120% — in remuneration, according to data from staffing firms accessed by ET.

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Munich-based Financing Specialist FCF Fox Corporate Finance advises Dutch Agricultural Technology Innovator In Ovo in a pivotal funding round of EUR 40 Million.

Fox Corporate Finance

PRESS RELEASE Munich-based Financing Specialist FCF Fox Corporate Finance advises Dutch Agricultural Technology Innovator In Ovo in a pivotal funding round of EUR 40 Million. Munich, November 6, 2023 – FCF Fox Corporate Finance, a. Read more The post Munich-based Financing Specialist FCF Fox Corporate Finance advises Dutch Agricultural Technology Innovator In Ovo in a pivotal funding round of EUR 40 Million. appeared first on FCF Fox Corporate Finance GmbH.

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Big-bang luxury sales add to Diwali shine

CFO News

"Renowned international brands such as Louis Vuitton, Dior, Cartier, Bulgari, Gucci and Giorgio Armani are leading the way, with increased sales compared to last year," said Pushpa Bector, senior executive director at DLF Retail. Higher spending per customer than last year across all luxury categories signals an uptick in overall expenditure this festive season.

Sales 52
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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.