The SaaS CFO

AUGUST 21, 2024

The Software as a Service (SaaS) business model revolutionized the on-premise software industry. I started out in software in 2004. One-time software sales and annual maintenance at 18% of the perpetual license. We weren’t talking CAC Payback and Gross Revenue Retention. But we were talking gross margins and margins by revenue stream. SaaS introduced a […] The post How to Properly Structure Your SaaS Accounting Foundation appeared first on The SaaS CFO.

Accounting 59

Accounting CFO Sales 59

CFO Dive

AUGUST 21, 2024

Two out of the agency’s five commissioners voted against the stricter standards, warning that they may hinder efforts to expand the ranks of auditors.

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Jedox Finance

AUGUST 21, 2024

Effective communication and collaboration are no longer just nice-to-have — they are essential for driving success. The Office of Finance is at the heart of every organization, overseeing financial strategy, risk management, and operational efficiency. Often it is a challenge for finance teams to align with stakeholders across business units, departments, and time zones.

Finance 98

Finance Risk Management Communication Leadership 98

CFO Dive

AUGUST 21, 2024

With the fintech sector maturing, the card issuing platform is turning its attention to capitalizing on rising opportunities in the space, CFO Mike Milotich said.

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CFO 273

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

Investments

Nerd's Eye View

AUGUST 21, 2024

Irrevocable trusts lie at the heart of a variety of estate planning strategies, as gifts to irrevocable trusts can allow for the transfer of assets outside of an owner’s estate for estate tax purposes with more structure than an outright gift. The downside, however, is that irrevocable trusts are "irrevocable" and can't easily be undone; in moving assets to the trust, the original owner gives up their authority over the assets, with the trustee taking over the management and distribution o

Planning 94

Planning 94

Bramasol

AUGUST 21, 2024

The proliferation of subscription-based, recurring revenue offerings in the Digital Solutions Economy (DSE) presents both opportunities and challenges. In the customer driven DSE model, companies need to adapt their processes to meet a dynamically changing range of customer needs, while also assuring robust backend processing with integrated revenue compliance.

SAP 72

SAP Compliance GAAP Leverage 72

CFO Dive

AUGUST 21, 2024

A total of 141 U.S. deals were recorded last month, a 33% increase compared with June, according to EY data.

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Barry Ritholtz

AUGUST 21, 2024

At The Money: At the Money: Learning Lifecycles of Companies. (August 21, 2024) The Magnificent Seven, the Nifty Fifty, FAANG: Each of these were popular groups of companies investors erroneously believed they could “Set & Forget,” put them away forever, and you’re set for life. But as history informs us, the list of once-great companies that dominated their eras and then declined is long.

Valuation 62

Valuation Startups Investments Numbers 62

The Charity CFO

AUGUST 21, 2024

The relationship between fundraisers and accountants in a nonprofit organization can be challenging. Fundraising and accounting departments provide vital services to the organization, but when they fail to communicate, it can lead to financial errors. Bridging this communication gap can help your organization ensure every dollar raised is used effectively.

Communication 52

Communication Accounting Nonprofit Budgeting 52

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.

Accounting

CFO Talks

AUGUST 21, 2024

Anticipating Financial Challenges: Strategic Measures for Corporate Finance As a CFO in South Africa or elsewhere in Africa, you’re no stranger to the financial hurdles that come your way. Economic shifts, new regulations, and technological changes constantly test your ability to keep your company financially stable. But what if you could not only anticipate these challenges but turn them into opportunities for growth?

Corporate Finance 52

Corporate Finance Finance Cash Flow Forecasting IFRS 52

CFO News

AUGUST 21, 2024

The Indian IT sector experienced rapid CFO changes in under a year, with notable executives moving to rival firms. Wipro sought Rs 25 crore from ex-CFO Jatin Dalal for joining Cognizant but settled for Rs 4 crore. Other major shifts include new CFOs at LTIMindtree, Persistent Systems, and HCLTech. Regulations for CFO appointments remain minimal in India.

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CFO 45

CFO Talks

AUGUST 21, 2024

Navigating IFRS , Key Updates and Changes Introduction In today’s fast-paced financial world, staying up to date with the latest International Financial Reporting Standards (IFRS) is critical for CFOs. As the financial leaders of organizations, CFOs in South Africa and across Africa need to ensure their accounting practices align with global standards.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

CFO News

AUGUST 21, 2024

Reserve Bank of India Governor Shaktikanta Das stated that inflation should settle near the 4% target sustainably before any rate cut can be considered. Although July saw a dip, inflation is expected to rise again from September. Current policy aims at price stability, economic growth, and reforms in various sectors.

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Economics Banking 45

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.

Accounting

Global Finance

AUGUST 21, 2024

James Bullard, the former president of the Federal Reserve Bank of St. Louis from 2008-2023 and a former member of the Federal Open Market Committee, was named the dean of the Mitchell E. Daniels, Jr., School of Business at Purdue University in July 2023. Bullard talked with Global Finance magazine recently about a wide range of issues. The interview was edited for length and clarity.

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Economics Valuation Marketing Banking 111

CFO News

AUGUST 21, 2024

The insurance companies determine the gross premiums that are applicable basis the expected cost of claims and associated expenses. These premiums are loaded for the applicable GST. Thus, an insurance policy with a premium of Rs 15,000 will have an additional cost of Rs 2,700 (Rs 15,000*18 per cent). The input tax credit availed by an insurance company against the services procured ensures that these costs are not passed on to the policyholders.

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CFO News

AUGUST 21, 2024

During the 165th Income Tax day celebration, Finance Minister Nirmala Sitharaman encouraged the Income Tax department to foster a fair and friendly reputation among taxpayers. She highlighted the importance of simplifying the language used in tax notices to ensure they are easily understood by the public. Sitharaman also congratulated Indian taxpayers on their achievements.

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Finance 40

CFO News

AUGUST 21, 2024

IndiGo decided to challenge two penalties amounting to Rs 3,50,299 over input tax credit disputes. A Rs 1,77,046 penalty from Odisha for FY 2017-18 was upheld, and the airline is set to appeal it at the tribunal. Additionally, a Rs 1,73,253 penalty in Kerala will also be contested.

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Advertisement

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.

Reconciliations

CFO News

AUGUST 21, 2024

Finance minister Nirmala Sitharaman had announced an MSME package in the budget that included a credit guarantee scheme to cover loans of up to Rs 100 crore by MSMEs for purchasing machinery and a guarantee fund for 'stressed MSMEs' or MSMEs in the 'special mention account' to prevent them from becoming non-performing assets (NPAs).

Budgeting 40

Budgeting Finance Accounting 40

CFO News

AUGUST 21, 2024

Tata Capital Ltd has applied to the Competition Commission of India for approval to merge with Tata Motors Finance Ltd. The merger, approved by both companies' boards in June, will see Tata Capital issuing equity shares to TMFL shareholders, resulting in Tata Motors holding a 4.7% stake. The move aligns with Tata Motors' focus on emerging technologies.

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Finance Technology 40

CFO News

AUGUST 21, 2024

Premji Invest and Claypond Capital are in discussions to invest approximately $125 million for a significant minority stake in Akasa Air, valuing the airline at over $350 million. This investment demonstrates confidence in Indian carriers, historically struggling to attract interest. The funds will support expansion and aircraft pre-delivery payments, diluting the Jhunjhunwala family and CEO Vinay Dube's stake.

Investments 40

Investments Marketing 40

CFO News

AUGUST 21, 2024

Zomato's purchase of Paytm's events and movie ticketing division hinges on effective customer transition and team integration, as noted by CEO Deepinder Goyal. The Rs 2,048 crore deal includes onboarding 280 employees. Initial operations will remain on separate apps, later merging into a new app, District, aimed at consolidating dining and event services.

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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

Sales

CFO News

AUGUST 21, 2024

Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake. Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there.

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Investments Technology 40

CFO News

AUGUST 21, 2024

Fortinet and CSC SPV are teaming up to enhance cybersecurity for rural India's e-governance services, boosting protections and training for broadband-enabled Common Service Centres, supported by MEITY. ETCFO brings you the details of what this MoU signifies. Read here.

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CFO News

AUGUST 21, 2024

Delhi-based renewable energy firm Juniper Green Energy aims to expand its renewable energy capacity to 10 gigawatts by 2030 and has already committed nearly $2 billion to projects under construction.

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CFO News

AUGUST 21, 2024

The work, though challenging, was transformative and "we have taken the assignment in a mission mode", the Central Board of Direct Taxes (CBDT) chief said.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Marketing