Thu.Jan 18, 2024

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PwC’s Wes Bricker: Economy is top of mind as CFOs face ‘decade of disruption’

CFO Dive

The coming year will see CFOs zero in on profitability and pricing strategies that can foster growth in a high-rate environment.

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How will India Inc fare in Q3 results?

CFO News

​​Earnings reports from corporate India for the December quarter are poised to reveal a dichotomy, with lower raw material costs boosting net profits across various sectors, while revenue growth faces headwinds from a global economic slowdown, uneven domestic consumption, and high inflation impact.

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Trending Sources

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UHY enters Massachusetts with acquisition

CFO Dive

Joining UHY enables Paresky Flitt to broaden its offerings and ensures it can “take on AI,” Managing Partner David Lorenzi said.

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The Sleep Company appoints Gaurav Shah as CFO

CFO News

The Sleep Company welcomes Gaurav Shah as CFO, leveraging his 18-year financial expertise to elevate performance, drive EBITDA, and ensure global excellence.

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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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Audit committees in 2024 face rising tax, AI, regulatory challenges: EY

CFO Dive

A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.

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More Trending

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Disney’s board nomination fight with ex-CFO, Nelson Peltz heats up

CFO Dive

After being rejected by Disney as board nominees, ex-CFO Jay Rasulo and activist investor Nelson Peltz are now signaling plans to force a shareholder vote on the issue.

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Optimizing Order-to-Cash-to-Compliance for SaaS Offerings

Bramasol

Previously in this blog series, we have discussed the impacts of the Digital Solutions Economy™ (DSE) on the software and SaaS sector. This new post provides a deeper dive into the key issues involved with optimizing end-to-end Order-to-Cash (OTC) and revenue recognition compliance for SaaS offerings. With roots going back to the late 1990s, Software-as-a-Service is one of the most mature subscription-based models around.

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Modern Qualities a CFO Must Have

The Finance Weekly

The traditional definition of a CFO is that he or she is the senior manager of all things financial for a company or corporation. The CFO monitors the company’s cash flow, analyzes its financial health, suggests recommendations for possible improvement, and oversees the company’s financial accounting, including timely and accurate reporting. The important point about this definition is the word “traditional”.

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At Moderna, A CFO Vows To De-risk R&D As mRNA Tech Promises To Shorten Success Path

CFO Thought Leader

This article first appeared on Forbes.co m Speed to market has always been critical in the life sciences industry. Companies that bring products to market quickly and efficiently are better positioned to succeed and improve patient outcomes. Or so the industry wisdom goes. For Moderna, the covid wunderkind that captured almost $40 billion in sales over the course of a couple of years – it’s go-to -market feat was perhaps even more impressive given the brevity of its existing resume.

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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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Traversing the path of cost consciousness

Future CFO

Building a culture of cost consciousness within an organisation is undeniably part of being an effective finance leader. To effectively manage cost reduction initiatives, organisations must foster a culture of cost consciousness throughout the company, instilling a mindset of value creation , empowering employees to make informed decisions, and encouraging innovation and efficiency in all aspects of the business.

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INOXGFL Group appoints Akhil Jindal as CFO

CFO News

Jindal, an industry veteran with over three decades of experience, joins INOXGFL after a nearly 20-year stint at Welspun, where he spearheaded significant acquisitions and divestments totaling over $5 billion.

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Global M&A poised for growth as storm clouds recede

Future CFO

Global M&A is set to grow again after losing steam in the final three months of 2023, said WTW recently. According to WTW’s Quarterly Deal Performance Monitor (QDPM), companies completing M&A deals in the fourth quarter of 2023—based on share price performance—underperformed the wider market by –13.6 percentage points for acquisitions valued over $100 million between October and December 2023.

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Fake ITC Claim of Rs 180 Crore: Karnataka’s GST authorities detect 100 bogus firms, arrest mastermind

CFO News

Karnataka's Commercial Taxes Department, in collaboration with Kerala State GST authorities, has arrested Mohammed Siddiq for his role as a key mastermind in a multi-state GST fraud. The operation exposed a significant network involved in acquiring dummy GST registrations through forged documents and facilitating a scrap business across Kerala, Tamil Nadu, and Karnataka.

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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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How finance leaders should communicate restructuring

Future CFO

Communicating the rationale for restructuring can be sound simple, but is actually requiring more than just a mere meeting with the team. As a finance leader , it is important that topics such as restructuring is properly and effectively communicated to the people to ensure that the team is on the same page. If executed well, this will ultimately be beneficial for the organisation as a whole.

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Budget 2024: Modest tax revenue target likely for FY25

CFO News

The net revenue target for the next financial year will be modest, likely to be between 9-11%. One of the reasons for this modest target is the already high base, ET was informed by a senior government official. It may be noted here that in the past two years, tax collections have been more than the revised target.

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10-year TIPS auction gets real yield of 1.810%, an attractive result

Tips Watch

By David Enna, Tipswatch.com That worked out well.

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ESMA likely to seek board help to resolve stalemate with RBI

CFO News

The developments come at a time when European banks are shelling out hefty sums as central counterparty exposures for dealing with the Clearing Corporation of India (CCIL), the RBI-supervised organisation which has found itself at the epicentre of the regulatory logjam between the Indian central bank and the ESMA.

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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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FP&A best practices for 2024

Centage

Financial planning and analysis is at the heart of strategic decision-making for businesses, and as we step into 2024, it’s crucial to align your FP&A processes with the latest trends and best practices. Finance teams often get asked to do more with less, which makes it important that you adopt the right FP&A tools to amplify your capabilities and create more time for strategic planning.

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Sun Pharma to buy remaining 21.5% in Taro for Rs 2,892 cr

CFO News

Sun Pharma, India's largest drugmaker, is set to acquire the remaining 21.52% stake in Israel-based Taro Pharmaceutical Industries for ₹2,891.7 crore. This move will allow Sun Pharma to consolidate control over Taro, as it currently owns 78.48% of the company. Sun Pharma had previously faced resistance from Taro's minority shareholders in its bid to take full control.

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Zee-Sony Merger: Fate on creation of $10 bn media giant likely to be decided today

CFO News

People close to Sony said the multinational has offered Punit Goenka the role of advisor at the new company, but said he should not be on the board, pending regulatory investigations. As of now, Goenka as boss of new merged co, failing financial health, unmet conditions are being seen as key hurdles to the deal going through.

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Vulnerability to climate change making food inflation structural: RBI economists

CFO News

"Per contra, if monetary policy chooses to neglect a persistent food price shock, inflation expectations become unanchored, leading to generalised inflation," wrote Deputy Governor Michael Patra along with central bank economists Joice John and Asish Thomas George in the RBI's January Bulletin. The views expressed are personal.

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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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About 61% of startup founders in India expect pace of hiring to remain the same or dip this year: InnoVen Capital Survey

CFO News

Nearly 61% of Indian startup founders expect hiring to remain the same or decrease in 2024, according to InnoVen Capital's 'India Startup Outlook' report. The report also reveals that 24% of founders are open to hiring professional CEOs in the next 2-3 years. Gender diversity continues to be a challenge, with 75% of companies having less than 20% women in leadership roles.

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India could emerge as $13 trillion low-carbon economy by 2050: Report

CFO News

As the world's third-largest emitter, India's shift could have significant global impact. The report coincides with India's expected rise to become the world's third-largest economy by 2032, up from the fifth position today.

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India’s lifestyle upgrades keep banks' CDR high

CFO News

New generation which is donned in six-pocket cargos, Jordan sneakers and a chic Gucci belt, wrapped in a cosy hoodie, is redefining the consumption story of India. The changing consumption and different modes of investments, they are choosing may impact bank margins going ahead.

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