Tue.Feb 20, 2024

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‘Maverick’ SaaS spending by workers can waste millions: Vertice

CFO Dive

A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.

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Kotak Mahindra Bank appoints Devang Gheewalla as CFO

CFO News

Devang Gheewalla named as new CFO of Kotak Mahindra Bank, succeeding Jaimin Bhatt, effective April 1, 2024.

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Trending Sources

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Zevia taps new CFO amid growth push

CFO Dive

The CFO swap comes as Zevia fights to bolster growth amid financial challenges and competitive demand for healthier beverages.

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A Primer for finance managers to chart the sustainability journey in Asia

Future CFO

The buzzwords ESG and sustainability have been used interchangeably in news reports and government policies nowadays. Both are related concepts, but they differ significantly in scope and connection with the business operations. ESG refers to frameworks that are used to direct a firm’s resource allocation as well as evaluate its performance and impact in environmental, social, and governance areas.

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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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M&A to rise, buoyed by ready cash, solid profits, stable economy: McKinsey

CFO Dive

CFOs will sooner reach strategic goals through deal-making than through organic growth, McKinsey said.

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More Trending

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Honeywell exec upbeat on warehouse automation outlook

CFO Dive

Rising e-commerce shipments and ongoing labor shortages could fuel strong customer demand this year, according to Honeywell’s Kevin Graebel.

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976: A Troubleshooter’s Guide to Financial Leadership | Craig Wert, CFO, Jobber

CFO Thought Leader

Lessons from Craig Wert’s finance career reveal the power of adaptability, problem-solving skills, and the ability to seize opportunities in unexpected places. Having started his career without a clear road map to the future, Wert later found that his liberal arts background and early experiences in investment banking had laid a good foundation for a career that might have led in any number of directions.

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Exclusive: Amazon set to launch Meesho competitor Bazaar in fight for value customers

CFO News

Amazon plans to wheel cart down value aisle, mirror Meesho model in fashion, lifestyle categories to tap value customers. It competes with Meesho, Flipkart's Shopsy, and Reliance Industries' Ajio Street, while also facing competition from Shein, Temu, and Pinduoduo in its home market.

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Crucial Tactics for Fraud Prevention

Commercial Credit Group

As scams constantly evolve, identifying them becomes increasingly challenging. Regrettably, businesses suffer a median loss of $150,000 per year due to fraud, as reported by the Association of Certified Fraud Examiners. This substantial sum could profoundly influence a small business's trajectory, potentially steering it toward collapse. By offering guidance on how to identify fraudulent scams and how to steer clear of them, we hope to help business owners to protect themselves from potential fi

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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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Mistrys go fund shopping to pay off expensive bonds

CFO News

The funds will be used to redeem bonds issued three years ago that have onerous clauses that could take the coupon rate on them to unusually high levels if the debtholders are not paid off by June, they said.

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Brittany Russell: Transforming the Outsourced Accounting Industry

FISPAN

Meet Brittany Russell: Revolutionizing Outsourced Accounting Originally from Connecticut, Brittany has since established her home in South Carolina. Her passion for numbers led her to embark on a career at a prestigious Big Four firm, PwC. Fueled by a desire to create her own business, Brittany took a leap. She left her secured well-paid job to grow an outsourced accounting firm, SAOS (Strategic Accounting Outsource Solutions).

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'No occasion' to approach regulators: Religare

CFO News

The firm said in its communication to the Securities and Exchange Board of India (Sebi), Reserve Bank of India, and the Insurance Regulatory and Development Authority of India (IRDAI), that it would proceed with seeking their approval after the regulators give their decisions on the alleged violations by the Burmans.

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#FA Success Ep 373: Transitioning To Launch A New RIA By Taking On Passive Investors For Startup Capital, With Ben Hockema

Nerd's Eye View

Welcome back to the 373rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ben Hockema. Ben is the Founder of Illuminate Wealth Management, an RIA based in Barrington, Illinois that oversees $100M in assets under management for 55 client households. What's unique about Ben, though, is that he spent 13 years successfully working his way up the career track at a growing advisory firm, starting as an intern and eventually making partner… only to realize within

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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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Global research firm Kantar predicts continued decline in demand for FMCG products in India

CFO News

Kantar, a global research firm, predicts a further decline in demand for daily groceries, essentials, and household products in India over the next few quarters. This projection extends the timeline for volume recovery in the fast-moving consumer goods (FMCG) industry, which experienced a slowdown in the December quarter. In the same quarter, overall volumes expanded by 5.2%, down from 6.9% in the previous quarter, with rural markets growing by 4.8% and urban areas by 5.6%.

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216: Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO

CFO Talks

Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategic planning, shared his journey, beginning with his entrepreneurial family background. His career trajectory took him from a trainee at Nolands to financial management roles, leading to his current position as the CFO of T3 Telecoms.

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Upbeat IT CEOs expecting tech spends to rise in 2024

CFO News

India's technology outsourcing industry is optimistic about revenue expansion in 2024. Tata Consultancy Services and Tech Mahindra CEOs expect growth from deal renewals, vendor consolidation, and transformation projects. The IT industry is projected to reach $253.9 billion in fiscal 2024.

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Transcript: Bill Dudley, NY Fed Chief

Barry Ritholtz

 The transcript from this week’s, MiB: Bill Dudley, NY Fed Chief , 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. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio 00:00:09 [ Barry Ritholtz ] This week on the podcast, what can I say?

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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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NCLT allows Tata Steel to withdraw merger with TRF

CFO News

Tata Steel had earlier announced the amalgamation of nine of its strategic businesses, including Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining Ltd, S & T Mining Company.

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India's debt to GDP ratio by 2030-31 will be much lower than IMF's projection: RBI paper

CFO News

The Indian government should focus on development, as per a research paper by RBI. The paper shows that the general government debt-GDP ratio could decline to 73.4% by 2030-31, 5 percentage points lower than the IMF's projection. Further fiscal tightening is needed for sustainable growth.

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Banks set up panel to guard executives from corruption cases

CFO News

Banks had been pressing for immunity from arbitrary arrest or action by investigating agencies against their top executives for taking commercial decisions such as grant of loans, but there has been little headway on this demand so far.

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Byju’s shareholder group calls for EGM, to vote for ouster of Byju Raveendran, board

CFO News

While investors of Byju's have been asking Raveendran to step aside from an operating role, this is the first instance of shareholders banding together to issue a statement seeking a change of guard at the company. The current board of Think & Learn comprises Raveendran, his wife and brother Riju Ravindran and Divya Gokulnath, cofounder of Byju’s.

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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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Decline in M&A in fintech sector, 30 acquisitions in 2023: Report

CFO News

According to a recent report by Growthpal, there has been a marginal decline in mergers and acquisitions in the fintech space in 2023, with lending leading the acquisitions with about 30 per cent, followed by payments and wealthtech.

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Private capex to drive next leg of growth: RBI report

CFO News

The Indian economy is expected to grow through a fresh round of capacity expansion by the corporate sector, as stated in the State of the Economy Report published by RBI. This investment is likely to happen as inflation decreases, providing a stable environment for expansion strategies.

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Women still lonely at the top in Indian boardrooms

CFO News

The situation is worse in the case of the Indian IT industry, with none of the 54 companies in the NSE-1000 index having a female CEO. Market leader TCS, which employs more than 200,000 women (constituting over a third of its workforce), has no women in its key managerial personnel (KMPs), as per its annual report. In fact, among the top 5 IT companies, only Wipro has a woman in a KMP role - it appointed Aparna Iyer as CFO in September last year.

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