Tue.Jun 18, 2024

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Tech layoffs impact nearly 100,000 workers so far in 2024

CFO Dive

Microsoft, Google, Apple, Tesla and TikTok owner ByteDance are among more than 300 tech companies that have announced job cuts since January.

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What is Everywhere Commerce?

Navigator SAP

Commerce Everywhere refers to a business strategy that allows customers to make purchases seamlessly across any channel. This means they can buy from a physical store, a website, a mobile app, or even through emerging technologies like social media or voice assistants.

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Trending Sources

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Slim gain in retail sales highlights challenges for consumers

CFO Dive

“Inflation and higher interest rates are straining low- and moderate-income households,” St. Louis Fed President Alberto Musalem said Tuesday.

Sales 284
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Hyundai India’s IPO Filing Highlights Confidence In Surging India Markets

Global Finance

Hyundai’s IPO could top Life Insurance Corp.’s 2022 offering that raised a record $2.7 billion. The Hyundai India IPO that was announced earlier this year has become a bellwether for the health of Indian stock markets and particularly its IPO market, now that the South Korean carmaker has reportedly filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on June 15.

Marketing 106
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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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Startup focused on AI-driven cyber threats raises $18M

CFO Dive

The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.

Startups 274

More Trending

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Saab deputy finance chief moves to CFO chair

CFO Dive

The CFO swap comes as the defense material provider is looking to continue a two-year hot streak, targeting organic sales growth between 15%-20% for 2024.

CFO 270
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BMO survey: US summer spending heats up following record-breaking Memorial Day travel

Bank of the West

A special report from the BMO Real Financial Progress Index finds Americans plan to increase their summer spending across numerous categories, particularly on vacations and travel, with a quarter of… Read more The post BMO survey: US summer spending heats up following record-breaking Memorial Day travel appeared first on About BMO.

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Transcript: Erika Ayers Badan, Barstool Sports

Barry Ritholtz

The transcript from this week’s, MiB: Erika Ayers Badan, CEO of Barstool Sports , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Bloomberg Audio Studios, podcasts, radio News.

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1,010: When SaaS Became His Native Language | Michael O’Grady, CFO, Permutive

CFO Thought Leader

Michael O’Grady’s finance strategic moment occurred in 2014 at higher-ed tech company Ellucian. Faced with transitioning from a traditional perpetual license model to a SaaS one, he identified the need for a unified approach across all business functions. Recognizing that the company’s executives had differing visions, he proposed skipping the annual budget process to focus on a 5-year integrated plan.

CFO 52
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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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How behavioural science drives success in finance transformation

Future CFO

The finance function has long been evolving hence the continuous need to sustain this comes at hand. As finance leaders, it is important to understand every single thing that can be of help for the organisation to maximise benefits of any new technological advancement or initiative, and thereby attain success in all endeavours. According to Gartner, Inc. , with approximately 70% of finance transformation initiatives producing less impact than anticipated, finance leaders are often left wondering

Finance 52
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Office Manager

Fox Corporate Finance

FCF ist eine spezialisierte Investmentbank und Finanzierungs­spezialist börsennotierte und private Unternehmen des Mittelstands im deutsch­sprachigen Raum. FCF strukturiert, arrangiert und platziert Eigen- und Fremdkapital­finanzierungen und unterstützt seine Mandanten bei der Realisierung von Venture-, Wachstums-, Pre-IPO/IPO-, Read more The post Office Manager appeared first on FCF Fox Corporate Finance GmbH.

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#FASuccess Ep 390: Helping Prospects Find Their Way To You Online With (Local) SEO, With Brent Carnduff

Nerd's Eye View

Welcome back to the 390th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brent Carnduff. Brent is the founder of Advisor Rankings, a marketing firm based in Boise, Idaho that specializes in search engine optimization for financial advisors. What's unique about Brent, though, is how his firm helps advisors maximize both the advisor's organic SEO to attract prospects with specific planning needs through effective content creation , and their local SEO to rise to

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TeamLease Services to hire 50,000 people, focus on tier 3 and 4 cities; CFO uncertain on IT services recovery timeline

CFO News

The staffing firm has set ambitious targets for this financial year (FY25), aiming for significant growth in both top-line revenue and net job additions. In an exclusive interview with ETCFO, TeamLease CFO shared insights into the company's strategic plans, anticipated market trends, and the impact of upcoming labour reforms.

CFO 45
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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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The Mentoring Round | Tony Querciagrossa, CFO, Pinstripes

CFO Thought Leader

Inside The Mentoring Round, CFO Tony Querciagrossa discusses a strategic moment of insight he experienced earlier in his career at Medline Industries, where he collaborated with a commercial leader to address recruitment and organizational challenges, leading to the creation of the commercial finance function. Looking forward, CFO Querciagrossa identifies several key priorities for the upcoming 12 months, including handling various “firsts” for the business such as the first 10-K, fi

CFO 40
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Tax parity for IFSC funds to help HNIs avoid US inheritance levy

CFO News

Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.

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Rohit Kumar Gupta quits ZEE; Mukund Galgali appointed as acting CFO

CFO News

Zee Entertainment Enterprises announced on Tuesday that Rohit Kumar Gupta, the Chief Financial Officer, will step down citing personal reasons. Mukund Galgali, who has been with the group for over 17 years, will assume the role of acting CFO, a crucial managerial position within the company.

CFO 40
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Credit funds, family offices fill void left by banks at AIFs

CFO News

The central bank came out with a circular in December 2023, requiring mainstream banks and NBFCs to divest their investments in AIFs that have funded any company that has borrowed from the bank or NBFC. The regulator had also raised provisions for banks or NBFCs investing in AIFs that subsequently lend to their borrowing companies.

Banking 40
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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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Power Finance Corporation board okays Rs 15,000 crore loan to Shapoorji Pallonji Group companies

CFO News

The board of Power Finance Corporation (PFC), a state-owned entity, has approved a loan of Rs 15,000 crore to companies within the Shapoorji Pallonji group, according to sources familiar with the matter. This decision represents a significant development for the Mistry family, who hold 18.37% stake in Tata Sons. The loan is intended to assist in settling personal debts and fulfilling financial obligations owed by their operational firms to creditors.

Finance 40
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Banks draw attention of Govt, RBI to ATM shortage

CFO News

Banks have alerted the government and the banking regulator Reserve Bank of India about shortages in automated teller machines (ATMs). They have also advocated for clearer procurement norms through the government e-marketplace (GeM) portal. Industry insiders mentioned that the initial low capacity issue is linked to the 'Make in India' guidelines implemented in FY20.

Banking 40
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ET Graphics: What India Inc expects from Nirmala Sitharaman in July's full Budget

CFO News

Budget expectations: Finance Minister Nirmala Sitharaman is set to initiate consultations starting Wednesday for the upcoming full budget of the new government, scheduled for presentation in July. India Inc has proposed a series of reforms, including medium-term measures, aimed at propelling the economy towards higher growth, fostering employment generation, stimulating private investments, and ensuring macroeconomic stability.

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CCI approves Godrej family settlement proposals

CFO News

The Competition Commission of India (CCI) has approved the restructuring of the Godrej group, involving a realignment of interests, legal ownership, and management among family branches. This restructuring, based on a family settlement agreement from April 30, will affect entities including Godrej Industries, Godrej Consumer Products, Godrej Properties, and others within the GILAC and G&B Groups.

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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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First NFRA annual report on eight audit firms by November

CFO News

The National Financial Reporting Authority (NFRA) is set to conduct its first annual inspection of eight audit firms, including the Big Five, to reveal its findings by October or November. The inspection will focus on auditors' processes and standards, revealing how NFRA plans to strengthen the country's audit and accounting ecosystem to combat corporate frauds and uphold shareholders' interests in a rapidly growing economy.

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India poised for strong growth; but no room for complacency: Shaktikanta Das

CFO News

There can be positive surprises, I do not rule it out. But I think, you see we give a number when we are totally convinced about it and our approach is not to sort of gamble by giving a higher number. Our overall approach as a central bank is always very conservative in the sense that when we are absolutely sure about a particular number, we give it.

Numbers 40
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Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block deal

CFO News

As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.

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Nvidia becomes world's most valuable company

CFO News

Nvidia surpassed Microsoft as the world's most valuable company, with a market cap of $3.326 trillion. It overtook Apple recently, driven by demand for its processors in AI technology.

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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.