Mon.Aug 19, 2024

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Succeed At Succession Planning: A 4-Step Playbook For Firm Ownership Transition

Nerd's Eye View

Founding owners of financial advisory firms often spend much of their time focusing on the short-term aspects of running their business, from providing high-quality client service to pursuing client growth. Which means that longer-term projects, such as creating a succession plan to have in place for the firm when the owner retires, may tend to get put on the back burner.

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Economic data no longer herald recession: Conference Board

CFO Dive

Several data points during the past two weeks paint a sunny outlook for the economy, discouraging forecasts of a downturn.

Economics 284
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Trending Sources

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Integration of Outsourced SDR Services and ERP Systems

Navigator SAP

The era when leads were generated exclusively through internal sales teams is slowly dying. In today's competitive market, thinking strategically and reaching out to external experts has become imperative. This trend is influenced by the need for specialized skills, rapid scalability, and cost savings.

Sales 130
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Icahn Enterprises pays $1.5M to settle SEC charges

CFO Dive

The civil penalties come more than a year after a short seller’s report lambasted Icahn Enterprises for alleged “Ponzi-like economic structures.

Economics 284
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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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The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications!

Musings on Markets

As I reveal my ignorance about TikTok trends, social media celebrities and Gen Z slang, my children are quick to point out my age, and I accept that reality, for the most part. I understand that I am too old to exercise without stretching first or eat a heaping plate of cheese fries and not suffer heartburn, but that does not stop me from trying occasionally.

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NFRA fines BSR & Associates Rs 10 crore, debars two partners for Coffee Day Enterprises audit lapses

CFO News

NFRA has fined KPMG affiliate BSR & Associates Rs 10 crore and barred two auditors for serious audit failures in Coffee Day Enterprises' 2018-19 fiscal year, citing major lapses and fraudulent fund transfers.

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RBC doubles down on its portrait of ex-CFO’s firing

CFO Dive

The bank detailed mementos and texts Nadine Ahn and another exec exchanged, a promotion plan called “Project Ken” and a time when Ahn fired an employee in a “substantively identical” situation.

Planning 144
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Five challenges threatening business travel in 2024

Future CFO

A new SAP Concur research enumerated the five challenges threatening business travel in 2024, amid the challenges of remote working for the global workforce. Efficient business travel is a top priority, as it brings in access to new markets, insights, and development opportunities. However, according to SAP Concur, there are complications. The study , which polled 3,750 travellers and 600 travel managers across global markets including 850 respondents from the Asia Pacific countries of Australia

SAP 59
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Applied finance AI: unlocking transformation across the office of the CFO

CFO Dive

Early AI tools fell short for Finance. Next-gen applied, purpose-built AI solutions unlock true value and widespread adoption.

Finance 144
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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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India aims to expand scope of ESG debt as nation notches record

CFO News

India's market regulator, SEBI, planned to broaden its sustainable finance framework by including social and sustainability-linked bonds. With India's ESG debt issuance reaching record levels in 2023, the changes were intended to support Prime Minister Narendra Modi’s green growth initiatives and address a reduction in Chinese issuances impacting the global market.

Finance 45
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Kamala Harris proposes grocery price-gouging ban as part of economic platform

CFO Dive

Grocery trade groups had mixed reactions, with the National Grocers Association calling for stronger enforcement of current federal antitrust requirements.

Economics 157
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Shapoorji Pallonji Group builds a house for $6 bn realty assets; plans to take new holding co public in two years

CFO News

Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its real estate holdings across key cities. The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion.

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FM asks PSBs to launch special drives to push deposits growth

CFO News

Finance Minister Nirmala Sitharaman asked public sector banks to expedite recent budget implementations and enhance deposit mobilization to sustain credit growth. Despite robust credit growth, deposit collection, especially small-scale deposits, was flagged as needing improvement. PSBs showed solid financial performance in FY24 with notable improvements in asset quality, capital adequacy, and profitability.

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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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India Inc feels the pinch! Earnings downgrades in Q1 highest since June ’20

CFO News

Corporate India's June quarter earnings expectations hit a low not seen since the immediate aftermath of the Covid shutdowns. The upgrade-to-downgrade ratio fell to 40%, reflecting a slowdown in demand, with 393 companies facing downgrades and 247 companies seeing upgrades. Analysts expect the earnings situation to improve from September 2024 onward.

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Company registrations dip 11% in July, LLPs' rise 21%

CFO News

With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge to record levels in 2023-14. Nevertheless, the monthly numbers of above 14,000 beat the long-average trend, experts said.

Numbers 40
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NCLT approves merger of Slice and North East Small Finance Bank

CFO News

Post-merger, Slice which provides prepaid wallets and UPI-based products will look to offer technology-backed financial services to the last mile consumers of North East Small Finance Bank. Slice said in a statement that it has received a no-objection certificate from the Income Tax department as well.

Finance 40
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Revival in overseas fundraising by Indian companies reflects shifting domestic credit market dynamics: RBI Bulletin

CFO News

Indian firms are turning to international markets to raise funds as global investor interest grows, and borrowing costs improve, reported the RBI. This external borrowing trend coincides with a decline in FDI inflows to $28.1 billion in 2023 from $49.3 billion in 2022, and banks are gearing up to strengthen their capital.

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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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Mid-sized global restaurant chains find Indian market palatable

CFO News

Recent months have seen several mid-sized global cafes and restaurant brands enter the Indian market or negotiate with local partners, despite declining sales for larger chains. Brands such as Le Pain Quotidien and Laduree are strategically investing in select cities to remain profitable, focusing on niche markets and introducing diverse cuisines.

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HCL Technologies appoints Shiv Walia as CFO, Prateek Aggarwal to step down

CFO News

HCL Technologies announces Shiv Walia as the new CFO starting September 6, succeeding Prateek Aggarwal, who is resigning to seek new opportunities after a notable tenure since 2018.

CFO 40
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Kolte Patil Developers’ CFO Khiroda Jena resigns

CFO News

The Pune-based real estate firm, has announced that its Chief Financial Officer, Khiroda Jena, has resigned to pursue opportunities outside the organisation.

CFO 40
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Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG

CFO News

The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry periodically identify high-risk taxpayers within the GST composition scheme and verify their sales data from various sources to prevent tax evasion. An audit of 8.66 lakh taxpayers from 2019-20 to 2021-22 revealed that many had a high risk of exceeding the scheme's turnover threshold.

Finance 40
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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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Responsive names Shankha Sen as first CFO

CFO News

Shankha Sen will lead the development and execution of financial strategies at Responsive, helping the company scale and compete in the emerging SaaS category of Strategic Response Management (SRM).

CFO 40