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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Guess CFO resigns after one year

CFO Dive

The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.

CFO 272
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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 280
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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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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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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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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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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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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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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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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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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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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
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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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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