Mon.Jan 13, 2025

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How do banks navigate the trinity of costs, compliance, and innovation?

Global Finance

Efficiency remains at play, but compliance and innovation scores Globally, banks have been focused on reducing costs this past year. Until recently, banks in the US turned to optimizing costs as they faced a deposit flight-led liquidity crisis that resulted in shrinking net interest margins , even while non-performing assets were trickling up. Regulatory compliance has become a top priority for banks as they navigate an increasingly complex regulatory landscape related to AI, resilience, and ope

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Ubisoft CFO, CEO skirt questions on potential Tencent sale

CFO Dive

Leadership was guarded regarding questions of a possible buyout, rumors of which follow after shares of the Assassin’s Creed owner fell to 10-year lows last year.

Sales 197
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Trending Sources

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Unlocking Innovation: The Power of SAP’s Business Technology Platform

Navigator SAP

In the fast-paced world of enterprise technology, innovation is the driving force behind staying competitive. SAP's Business Technology Platform (BTP) emerges as a transformative tool , allowing businesses to innovate efficiently without disrupting their core operations. But what exactly is BTP, and why should organizations pay attention?

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Intuit CFO warns against isolationism, defends H-1B visas

CFO Dive

CFO Sandeep Aujla asserts that the H-1B visa program — which has recently sparked controversy — is key because it gives companies access to global talent.

CFO 184
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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ExecOpinion: CFO’s guide to AI’s impact on risk management

Future CFO

Artificial intelligence promises to enhance operational efficiency, improve decision-making, and help CFOs and the finance team drive strategic value. However, for most organisations, it is still early days and much needs to be learned and discovered about AI for users and leaders to fully grasp the impact of the technology. The dual nature of AI in risk management AI is heralded as one of the most significant innovations of our time, offering both immense potential benefits and considerable ris

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1062: Scaling with Purpose and Profit | Hetu Patel, CFO, Thrive Market

CFO Thought Leader

Four years into his 12-year career chapter at Amazon, Hetu Patel was appointed Finance Director for Primea role he credits with opening his eyes to strategic finance. In the days ahead Patel would be handed a milestone assignment, where he worked on a groundbreaking framework attributing the total value of Prime membership to each bundled benefit: video, music, books, and fast shipping.

CFO 52
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How Will You Ensure Employee Accountability across Accounting and Finance in 2025?

CFO Selections

With ethical challenges on the rise employee accountability is more important than ever before! And while employers understand that holding employees accountable for their actions at work is a key component of risk mitigation, they often struggle with how to achieve accountability in a way thats financially responsible, ethically sound, and operationally sustainable.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: Stocks Are More Expensive Than They Used to Be : Companies are better today and deserve the premium multiple. But its reasonable to Expect lower returns.( Irrelevant Investor ) How Analyst Job Cuts on Wall Street Are Reshaping Equity Research : Forces like regulation, passive investing and AI have all conspired to squeeze equity research in ways few could have imagined.

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Why is the Indian rupee falling and is 90 per dollar in sight?

CFO News

Within a span of a month, the rupee has depreciated from 84 to 86, marking one of its steepest falls ever. What caused this sharp decline in the rupee? What are the major factors behind it? Are other currencies also experiencing a similar fall? ETBFSI explains why.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Rebuilding The Kitces Members Section And The State Of The (Nerd’s Eye View) Blog

Nerd's Eye View

With another strong year in the markets, most advisory firms are near or at record highs for their revenue, their numbers of clients, and the headcounts of their teams. Which is surprising to some, given that a decade ago, the emergence of so-called "robo-advisors" was supposed to displace human financial advisors and compress advisory fees. In reality, though, the robos struggled to gain traction, and the human financial advice business just continues to grow.

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India’s Wholesale Inflation climbs to 2.37% in December, up from 1.89% in November

CFO News

Wholesale Price Inflation in India rose to 2.37% in December, marking a six-month high and an increase from November's 1.89%. The December figure also surpassed October's inflation rate of 2.36%, which had breached the inflation target set by the Reserve Bank of India (RBI).

Banking 45
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IPO proceeds set to rise this year after 47% surge in 2024: EY

CFO Dive

Plans by President-elect Donald Trump to loosen federal regulation may spur initial public offerings, EY said.

Planning 156
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Net direct tax collections surge 16 pc to Rs 16.90 lakh crore so far in FY25

CFO News

India's net direct tax collections recorded a robust 15.88 per cent jump to Rs 16.90 lakh crore during April 1, 2024-January 12, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Best Practices for Building a Strong Nonprofit Board of Directors

Capital CFO LLC

A strong board of directors is the backbone of any successful nonprofit organization. Boards provide leadership, governance, and strategic direction, ensuring the organization fulfills its mission and serves its community effectively. However, building and maintaining an effective board requires intentional planning and a commitment to best practices.

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AI will push accountants toward a more supervisory role, create new opportunities, say EY experts

CFO News

How is AI revolutionizing the finance sector by automating routine tasks and reshaping accountants' roles? Experts Beln Villasante and Nikhil Sharma from EY say its not about replacing accountants, but redefining their roles and empowering CFOs to embrace new strategic opportunities.

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China's export curbs: Hi-tech machinery supply faces major hit

CFO News

The government has been made aware of the situation by industry and mitigating measures are being considered. But for the near term, this would mean a setback to the large manufacturing operations that have been set up by companies such as Foxconn in the electronics sector and joint ventures in the auto sector, the executives said.

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Money laundering case: ED quizzes Rashmi Saluja for second time

CFO News

Religare Enterprises' executive chairperson Rashmi Saluja was questioned for the second time by the ED in a money laundering case. She and other executives are alleged to have made unlawful gains and motivated a shareholder to file an FIR. Saluja denies the charges.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Tata Electronics goes beyond Apple, looks to build for Xiaomi and Oppo

CFO News

Tata Electronics has held talks with Xiaomi and Oppo to take up contract manufacturing of their smartphones, in a bid to diversify its client base beyond Apple. The company was also in talks with Vivo, but that partnership is unlikely to go through, sources told ET.

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Kumbh Mela: India Inc. turns holy dips into marketing goldmines

CFO News

Companies are spending 70% of their marketing budgets on the Kumbh Mela, focusing on six holy dips. They are using digital innovation, social media, and influencer collaborations to engage with the mass gathering of pilgrims. Businesses aim to gain visibility and reach tier 2 and 3 city consumers, as well as international visitors.

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WeWork India raises Rs 500 crore via rights issue

CFO News

The workspace provider WeWork India said that the funds will be used to pay off its debt and lower its cost of capital. WeWork had planned to sell its 27% stake in the Indian unit, which failed due to a valuation mismatch. WeWork entered the Indian market in 2017 through a partnership with Embassy Group, with Embassy holding a 73% stake in the Indian unit and WeWork Inc owning the remaining 27%.

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Phone makers seek PLI renewal, say there's more to be done

CFO News

The PLI scheme, introduced in 2020, has attracted global players and made India a smartphone manufacturing hub. However, industry stakeholders argue its extension is crucial to achieve the government's ambitious target of producing $500 billion worth of electronics by 2030.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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JVC re-enters Indian TV market through licence pact with Super Plastronics

CFO News

New Delhi-based Super Plastronics Pvt Ltd (SPPL) has entered a brand licence agreement with JVC, marking the Japanese electronics brand's return to the Indian TV market. JVC's premium smart QLED televisions will be available on Amazon starting January 14, 2025, with prices starting at Rs 11,999.

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Yulu Bikes eyes growth in non-metro towns with franchise model

CFO News

The startup, backed by 33 institutional investors including Bajaj Auto, Magna and Rocketship, aims to leverage different vehicle form factors to cater to a broader set of needs. So far, Yulu Bikes has raised over $123 million in equity capital and USD 12 million in debt financing from US International Development Finance Corporation (DFC) and Northern Arc.

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L&T managerial pay jump 20%, while employees get 1.74% raise in FY24

CFO News

The average percentage increase in the salaries of employees other than the managerial personnel for the FY 2023-24 was 1.74 percent, whereas there is an increase in the managerial remuneration by 20.38 percent.

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Robust manufacturing, MSMEs among 5 key factors to create millions of jobs: PHDCCI

CFO News

Prioritising the manufacturing sector and strengthening the micro, small and medium enterprises (MSMEs), among others, can not only ensure sustained economic development but also generate millions of employment opportunities, the PHD Chamber of Commerce and Industry (PHDCCI) said on Monday.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.