Tue.Mar 19, 2024

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CFOs play it safe on AI spending

CFO Dive

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

Budgeting 305
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India's direct tax collection grows 20% to Rs 18.90 lakh crore till March 17

CFO News

India's fiscal prowess shines through as direct tax collections surge to Rs 18.90 lakh crore in FY 2023-24, accompanied by a notable rise in gross collections and advance tax figures.

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Trending Sources

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Cube taps Workday alum to drive tech, finance synergy with new $20M funding

CFO Dive

Workday alum Suresh Bala will keep his eye on the goals of the CFO as he taps the new funding to elevate Cube’s FP&A offerings, he said.

Finance 299
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Building a successful career in finance

Future CFO

Biotechnology firm, Cytiva, formerly known as GE Healthcare, developing many products for scientists, clinicians and big pharma, including end-to-end solutions from equipment to software to reagents, as well as automated data collection, and digital traceability. In describing the business of Cytiva’s CFO for the Biotechnology Group in APAC, Christine Tan notes that the firm’s customers undertake life-saving activities ranging from fundamental biological research to developing innovative vaccine

Finance 98
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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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Tech Q1 job cuts surge above 50K

CFO Dive

The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.

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More Trending

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Federal appeals court pauses SEC climate rule implementation

CFO Dive

The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit of Appeals, as the first of multiple challenges yields action.

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Govt spots missing bits in HCL, Foxconn chip JV, seeks details

CFO News

This January, HCL and Foxconn announced forming a JV to set up an OSAT unit in the country. At the time, people in the know told ET that the total investment in the unit could be between $100 million and $150 million.

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Pitney Bowes CFO exit brings more C-suite churn

CFO Dive

Finance chief Ana Maria Chadwick is leaving Pitney Bowes roughly five months after then CEO Marc Lautenbach stepped down.

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RBI draws contrast between demand for domestic FMCG & premium biz, says 'significant per capita income shifts are underway'

CFO News

The Reserve Bank of India forecasts a potential slowdown in the domestic FMCG sector in the next six months but highlights robust demand for premium consumer businesses. Despite the festival season, private final consumption expenditure remains low, and government consumption contracts. Capacity utilization across sectors prompts the need for new investments.

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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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#FA Success Ep 377: Navigating A Major Health Event While Keeping Your Advisory Firm Going And Growing, With Meredith Moore

Nerd's Eye View

Welcome back to the 377th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Meredith Moore. Meredith is the Founder & CEO of Artisan Financial Strategies, a hybrid advisory firm based in Alpharetta, Georgia, that oversees $77M in assets under management for 120 client households. What's unique about Meredith, though, is how she was able to keep her firm open, navigating through and ultimately growing to more than $1M of annual revenue, despite a diagnosis in 2

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Reliance Power and its parent entity actively settling dues with lenders

CFO News

Reliance Infrastructure and JC Flowers ARC had entered into a standstill agreement, according to notice issued to the exchanges on January 7. Initially, the standstill was until March 20, 2024, according to a separate stock exchange disclosure. "This was recently extended to March 31, 2024," said a spokesperson of Reliance Infrastructure.

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Decoding financial trends: a deep dive into vertical and horizontal analysis for FP&A

Cube Software

What is vertical analysis? Vertical analysis is a method used in financial reporting where each line item on a financial statement is listed as a percentage of another item. This allows finance teams to see the relative sizes of accounts.

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Lending rates to start easing only in second half of FY'25: Report

CFO News

Bank deposit rates are unlikely to rise further. But the structural shift in the system will keep downward rigidity intact. Hence, banks’ lending rate is expected to remain high in FY’25 with some modest softening towards the end.

Banking 52
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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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Toyota Finance completes implementation of Wolter Kluwer's CPM solution

Future CFO

Toyota Finance Corporation completed the implementation of Wolters Kluwer ’s CCH Tagetik corporate performance management (CPM) platform , reducing monthly aggregation and reporting time by 50%. The CPM solution also frees up staff time to add insightful, data-driven perspectives to support business units in making more agile decisions. The Challenge Toyota Finance has been seeking a new CPM platform that could dramatically improve the speed and efficiency of its data aggregation and analysis pr

Finance 52
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Pvt investments rise in India very visible, says ADB

CFO News

ADB, under Dasgupta's leadership, aims to increase private investments in India, focusing on clean energy and financial inclusion. Reforms and new models like IF-CAP are set to strengthen ADB's role in climate finance.

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. They are at the forefront of steering the company through changes, working hand-in-hand with the CEO to make sure the business not only survives but thrives in a world that keeps changing rapidly.

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Shapoorji arm to raise Rs 700 cr through data centre stake sale

CFO News

"The modalities of stake sale are still under discussion, but the strategic investors (more than one) have agreed to bring in Rs 700 crore into Sterling and Wilson," Prasanna Sarambale, CEO of data centre business at Sterling and Wilson (SWPL), told ET.

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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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The US Finance Landscape in 2024: Embracing Technology for Growth

Lime Light

The American financial landscape is undergoing a dynamic transformation. Gone are the days of siloed data, manual processes, and reactive decision-making.

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Indian alcohol cos can raise a toast to higher sales, better margin: ICRA

CFO News

ICRA predicts a positive outlook for the alcohol industry in FY2025, with revenue growth expectations for domestic companies and IMFL companies, alongside a promising season for beer companies.

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The US Finance Landscape in 2024: Embracing Technology for Growth

Lime Light

The American financial landscape is undergoing a dynamic transformation. Gone are the days of siloed data, manual processes, and reactive decision-making.

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From just 8% in 2000, share of women CAs now 30%

CFO News

A recent report has revealed a significant rise in female Chartered Accountancy qualifiers, now making up 48% of pass-outs, a record high. The overall representation of women CAs has also surged to 30%, up from a mere 8% in 2000. Among the 8.63 lakh students, 43% are females. The outsourcing of accounting and auditing to India has opened up new opportunities.

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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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The Top 20 Leading CFOs of Aerospace & Defense

CFO Thought Leader

The post The Top 20 Leading CFOs of Aerospace & Defense appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Evaluating various future options for ice cream business in India, says HUL

CFO News

The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business, the HUL spokesperson added.

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The Top 20 Leading CFOs of A.I.

CFO Thought Leader

The post The Top 20 Leading CFOs of A.I. appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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If there's one story where risks are limited and upside's high, it is India: HSBC India CEO Hitendra Dave

CFO News

The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC India to become the vital lever of growth for the British bank, Dave said in an interview with Bhaskar Dutta and MC Govardhana Rangan.

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Solve Your Firm's Automation Complexities Once and For All

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.