Fri.Sep 13, 2024

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1033: The ‘Buy or Build’ Moment: Preserving Your Firm’s Entrepreneurial Spirit | Ben Averis, CFO, Yoto

CFO Thought Leader

Ben Averis’ journey to CFO of Yoto was shaped by diverse experiences in finance, ranging from his early days at PwC in mergers and acquisitions (M&A) to leading roles in private equity-backed businesses. His exposure to the “buy and build” strategy during M&A transactions taught him the challenges of scaling businesses while maintaining their core values.

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IMAX CFO: Taking a disciplined approach to movie magic

CFO Dive

Dubbed a “homegrown talent” when named CFO in 2022, Natasha Fernandes says relationships forged in the finance trenches have been key to her success.

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Trending Sources

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How to Future-Proof Your Consumer Products Supply Chain

Navigator SAP

When consumer products companies are asked about their most important priority for reducing risk, supply chain fragility is mentioned first. A recent poll conducted by SAP found that fully 47 percent of consumer products executives surveyed indicated that strengthening their supply chain against fragility was a top priority. With barriers rising from geopolitical instability, and globalization in retreat, the consumer products supply chain has never looked more tenuous.

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Microsoft names former GE CFO to long-vacant COO role

CFO Dive

The tech giant is tapping the GE alum to serve as COO, a role which has stayed vacant for eight years, as it continues to bet big on AI.

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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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Weekend Reading For Financial Planners (September 14–September 15)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC this week fined 4 RIAs for violations of its marketing rule related to their claims that they offered 'conflict-free' financial advice. Which means that while many fee-only RIAs use the reduced conflicts that come with the fee-only model (as opposed to firms that receive compensation from commissions and other sources) as a key marketing talking point, the fact rem

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Leading with Purpose: Dr. Lawrence Nsibandze on Managing Public Service Pensions and Strategic Finance

CFO Talks

Nicolaas van Wyk: Good day, CFO Club members, prospective members, and our CFO audience. My name is Nicolaas van Wyk, and I’m hosting another interesting podcast for CFO Club with Dr. Lawrence Nsibandze. He is the Chief Financial Officer of the Public Service Pension Fund. I recently met Dr. Lawrence when we were both attending a Marcus Evans event called the 7th CFO Africa Summit.

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Alphacorp eyes BSE listing, Rs 1,000 crore revenue by FY27, says CFO Santosh Agarwal

CFO News

In the last 2-3 years, construction costs have surged by 40-45 per cent and land prices have tripled amid stringent compliance regulations, which challenge our growth focus, said Alphacorp CFO Santosh Agarwal.

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MiB: David Rubenstein, The Carlyle Group

Barry Ritholtz

 This week, we speak with David Rubenstein , Co-Founder and Co-Chairman of The Carlyle Group , which manages over $426 billion is private equity, credit and venture funds. Prior to forming the firm in 1987, David practiced law and served as Deputy Assistant to the President for Domestic Policy, as well as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments.

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100 days of Modi 3.0: Infrastructure projects worth Rs 3 lakh crore approved

CFO News

The Modi-led government sanctioned ₹3 lakh crore for infrastructure projects within its first 100 days to enhance connectivity and economic growth. Notable projects include a major port in Maharashtra, extensive road construction under PMGSY-IV, high-speed road corridors, new railway lines for better travel experience, and airport upgrades in Varanasi, Bagdogra, and Bihta.

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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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From education to medicine to film, BMO scholarship supports future leaders

Bank of the West

Nyla Newell from Chicago, Illinois is a talented individual. She can play the piano and flute – and she can also tap dance! But the most remarkable thing about Nyla… Read more The post From education to medicine to film, BMO scholarship supports future leaders appeared first on About BMO.

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Sharat Industries appoints Balasubramaniam R as CFO

CFO News

Balasubramaniam R brings nearly 30 years of expertise across various sectors, with a focus on finance, accounting, auditing, statutory compliances, and management information systems (MIS).

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Former GE CFO Carolina Dybeck Happe transitions to Microsoft as EVP and COO

CFO News

Microsoft has appointed former GE CFO Carolina Dybeck Happe as Chief Operating Officer and EVP, a newly created role. She will lead key divisions and drive AI transformation across the company, aligning business operations with Microsoft’s long-term growth.

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LGBTQIA+ inclusion picks up speed in India Inc

CFO News

Flipkart has opened a delivery hub in Delhi-NCR run entirely by LGBTQIA+ employees, marking a first in India. Companies like Wells Fargo, Axis Bank, and Godrej Consumer Products are also taking steps to include LGBTQIA+ talent through specialized hiring programs and inclusive policies, aiming to create equitable workplaces.

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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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Complied with all SEBI disclosure guidelines; allegations are false and malicious: Madhabi Puri Buch

CFO News

Securities and Exchange Board of India Chief Madhabi Puri Buch on Friday said that she has adhered to all disclosure and recusal guidelines set by the regulator. In a personal statement, she denounced the allegations against her as completely false, malicious, and derogatory.

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Mapping economic data: From macro to micro, official statistics coverage set for a deeper dive soon

CFO News

The Ministry of Statistics and Programme Implementation (MoSPI) plans to come up with district-level estimates by onboarding states and also using technologies such as web-based surveys to compile ground-up data. "We will have more estimates at the district level. By January next year, every survey should throw up national, state and district level estimates," a senior government official told ET.

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Still some distance to cover on inflation, can’t look the other way: RBI Governor

CFO News

RBI Governor Shaktikanta Das emphasized the need to address inflation, which remains above the target level of 4%. Speaking at a Bretton Woods Committee event, he highlighted concerns about global financial stability and banks' exposure to commercial real estate. He urged policymakers to adopt forward-looking regulatory measures.

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Bun without cream, no GST! Tamil Nadu restaurateur's witty GST take sparks laughter and debate

CFO News

In Coimbatore, a hotelier humorously pointed out to finance minister Nirmala Sitharaman the complexities of different GST rates on food items. He explained that while a plain bun is tax-free, adding cream incurs a 12% GST. His remarks led to laughter and initiated a debate on making GST rates uniform for all food products.

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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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Finance minister Nirmala Sitharaman defends different GST rates for different products

CFO News

Union finance minister Nirmala Sitharaman defended varied GST rates, explaining they were set by consensus in the GST council. Addressing hotelier complaints and Tamil Nadu's government criticisms, she emphasized efforts to simplify GST and ensure fair revenue sharing. She also discussed funding issues for Chennai Metro Rail phase 2 and other state projects.

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High premium costs for parametric insurance flagged at NDMA meet amid GST concerns

CFO News

The National Disaster Management Authority (NDMA) discussed the high cost of parametric insurance premiums and the imposition of 18 percent GST on insurance premiums. The meeting focused on expanding parametric insurance, particularly for extreme heat, and finding ways to finance premiums for disadvantaged groups. The NDMA also plans a workshop on disaster risk insurance in September 2024.

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TIME's World's Best Companies 2024 List: HCLTech, Adani Group, Reliance make the cut; see full list of Indian firms

CFO News

Several Indian companies have been featured on TIME's World's Best Companies of 2024 list. Notable names include HCLTech, Infosys, Wipro, Adani Group, and Reliance Industries. HCLTech ranked highest among Indian firms at 112. The list evaluates companies based on employee satisfaction, revenue growth, and sustainability.

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Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture

CFO News

The NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed payments and forfeiture of Rs 2,750 crore in case of default. The lenders want modifications to an NCLT order extending the payment deadline for IIHL's Rs 9,861-crore resolution plan.

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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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Piyush Goyal unveils two portals to resolve exporters' issues, bring transparency

CFO News

Commerce Minister Piyush Goyal launched two digital initiatives to assist exporters. The Jansunwai Portal provides necessary information and direct communication with officials, while the ERP portal of ECGC offers online services like claims and credit support. These measures aim to streamline export processes and enhance MSME exports.

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Shaktikanta Das wants policymakers to not jump on inflation data

CFO News

Reserve Bank of India Governor Shaktikanta Das said policymakers need to remain firm despite a slight dip in inflation. While inflation is within the target range, the RBI aims for a 4% rate. Das highlighted the importance of caution due to volatile food prices and potential future inflation risks.

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Banks with large commercial real estate exposure may be shortsellers' targets, says RBI's Shaktikanta Das

CFO News

Reserve Bank of India Governor Shaktikanta Das, speaking at the Bretton Woods Committee’s Future of Finance Forum in Singapore, expressed concerns about banks with significant commercial real estate exposure, noting that they could become targets for short sellers.

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China imposes six month suspension and $62 million fine on PwC following Evergrande controversy

CFO News

China's finance ministry has imposed a six-month business suspension on PwC's auditing unit in mainland China due to its role in auditing Evergrande, which was accused of a $78 billion fraud. This follows similar penalties faced by Deloitte last year. PwC has since seen a significant client exodus.

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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.