Tue.Oct 29, 2024

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COP29: Climate Finance Takes Center Stage

Global Finance

Recent climate catastrophes have raised the bar for securing funding to address global warming. At COP29, climate finance will be a focus. At last year’s COP28 conference in Dubai, the participating governments—197 countries plus the European Union—committed to a tripling of renewables targets and a doubling of energy efficiency. When they check on their progress at COP29, officially known as the Conference of Parties, which opens on November 11 in Baku, the capital of Azerbaijan, their agenda w

Finance 111
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Trump tariff would cost households $3,000 next year: Tax Policy Center

CFO Dive

Since Trump last year proposed a blanket import tax, several studies have indicated that the benefits of such tariffs would fall far short of the costs to U.S. households and economic growth.

Economics 353
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Trending Sources

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Asia’s Race For Talent

Global Finance

Japan, South Korea, and Taiwan are intensifying efforts to attract foreign workers amid labor shortages and aging populations. Each country has adopted distinct strategies to address these challenges, with varying degrees of success. Japan has had restrictive policies on low-skilled foreign labor. However, recent changes signal a shift toward greater openness.

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FASB publishes narrow software accounting revamp proposal

CFO Dive

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.

GAAP 291
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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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Nigeria: Automation Will Add Forex Transparency

Global Finance

Nigeria’s central bank will automate foreign exchange (FX) trading starting in December, replacing the decade-old over-the-counter system to enhance transparency and liquidity in its currency markets. The move comes as part of the Central Bank of Nigeria’s (CBN) broader efforts to address inefficiencies in the FX market, which has long been plagued by illiquidity, opacity, and multiple exchange rates.

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SWIFT To Launch AI-Backed Fraud-Detection Service

Global Finance

Global banking cooperative SWIFT plans to ring in 2025 by launching AI-enhanced fraud detection capabilities. The new function will give financial institutions more accurate insight into potentially fraudulent activities in real time. Fraud attacks that enlist AI-generated deepfakes that impersonate high-level executives and AI-created synthetic identities are only rising.

Banking 85
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KPMG tests AI agent for audit teams

CFO Dive

The Big Four accounting and consulting firm is interested in becoming a leader in the emerging AI agent space.

Auditing 261
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GST returns to become time-barred after 3 years from early 2025

CFO News

Starting early 2025, GST Network will prohibit filing of monthly and annual GST returns beyond three years from the original due date. Businesses need to reconcile and file outstanding returns promptly to avoid compliance issues and penalties, as the new rule aims to enhance timely compliance and data reliability.

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ADQ To Purchase Odeabank

Global Finance

Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank, as the United Arab Emirates deepens economic relations with Turkey. The deal, pending regulatory approvals by the Banking Regulation and Supervision Authority and the Competition Authority in Turkey, signals ADQ’s growing presence in banking markets.

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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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5 Questions a CFO Can Answer for Your Business – Financial Strategy & Planning Edition

Focus CFO

Businesses are complex entities and become even more so as they scale. While you once may have known everything there is to know about your company, that has very likely changed over time.

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BBVA Pursues Banco Sabadell Takeover Despite Opposition

Global Finance

Spanish bank BBVA recently saw one of its biggest backers, GQG Partners, call it quits and sell its stake due to disagreement over a plan to acquire domestic rival Banco Sabadell. Florida-based GQG did not like the rather aggressive takeover proposal. In April, BBVA offered Banco Sabadell €12.23 billion ($12.19 billion). About a month later, the bank’s board rejected the bid.

Banking 59
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1047: Balancing Risk and Opportunity in a Changing Finance Landscape | John Gronen, CFO, Yooz

CFO Thought Leader

It was not the first time John Gronen addressed the staffing company’s board — but it was very likely the most consequential. At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. The company operated two businesses: one generating about $30 million in EBITDA, while the other incurred annual losses of roughly $10 million.

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Embedded payments, finance records 25% increase since 2022, BCG study finds

Future CFO

Embedded payments and finance saw a substantial 25% increase since 2022, revealing a "game-changing" $185 billion market opportunity for SaaS platforms, according to a new report by payment company Adyen and Boston Consulting Group (BCG). The growth is driven by a favourable interest rate environment due to higher bank revenues from accounts and an overall expansion of banking revenue pools.

Finance 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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Building the “First Team”: How Cross-Functional Leadership Drives Vanta’s Success

CFO Thought Leader

Inside The Mentoring Round , David Eckstein shares insights on the collaboration between CFOs and CEOs, emphasizing the importance of shared vision and cross-functional partnerships. He highlights how CFOs, like himself, play a pivotal role in executing long-term strategies by identifying operational levers. Eckstein discusses his focus on building Vanta’s annual and three-year plans, aligning leaders around a unified strategy, and creating a “frictionless organization.

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10 Types of Financial Models

The Finance Weekly

Financial models are essential for organizations, helping forecast financial performance using historical data and future projections. Financial modeling involves creating a mathematical representation of a company's financial situation, typically using tools like Excel. This practice allows businesses, investors, and finance professionals to evaluate investment opportunities, assess risks, forecast future scenarios, and support strategic decision-making.

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#FASuccess Ep 409: Adding 1,400 New Clients In A Year As An Extension Of Doing (Profitable) Student Loan Consulting At Scale, With Travis Hornsby

Nerd's Eye View

Welcome, everyone! Welcome to the 409th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Travis Hornsby. Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financial planning (as well as consulting with over 15,000 clients on student loan debt).

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Average Customer Retention Rate by Industry

The Finance Weekly

Retaining customers is a major goal for any business. A loyal customer base not only ensures stable revenue but also acts as a solid foundation for growth. To truly understand customer retention, it’s helpful to see what’s common in different industries and how to measure it effectively. What Is Customer Retention? Customer retention is a measure of how well a business keeps its existing customers over a specific period.

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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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Top Enterprise Performance Management (EPM) Software for 2024

Lime Light

Choosing the wrong enterprise performance management (EPM) software means your team will spend months implementing a system, only to discover it doesn’t fully integrate with your current tools.

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Mastering Financial Services with Cash Flow Management

CFO Plans

In the dynamic world of financial services, cash flow management is the linchpin of business success and sustainability. With companies navigating the complexities of financial operations, understanding and optimizing cash flow becomes vital. Discover Expert Cash Flow Solutions that can transform your financial strategy today. This article explores effective strategies for accounts receivable and payable management, offering actionable insights to enhance financial stability and promote growth.

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Best Workforce Planning Software in 2024: A Technical Comparison for CFOs

Lime Light

Workforce planning is poised to reshape how organizations approach human capital management. The Deloitte 2023 Global Human Capital Trends report reveals that 59% of organizations anticipate focusing on reimagining work in the next 2-4 years, doubling pre-pandemic levels. Furthermore, a significant shift towards prioritizing human outcomes is evident.

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High Court quashes GST demands on seconded employees of foreign firms; experts say gives clarity on liability

CFO News

According to experts, this judgment is a substantial relief for businesses navigating the complexities of GST compliance, particularly in the wake of the Supreme Court's judgment in the Northern Operating System case. The clarity provided by this ruling is expected to encourage smoother operations for domestic entities engaged with foreign partners.

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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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Banks Weather Storm

Global Finance

An improving economic environment and subdued inflation allow banks to search for new growth avenues. The post-pandemic inflation that tormented consumers and politicians in many economies was an enormous gift to banks. Rapid rate hikes by the US Federal Reserve (the Fed), European Central Bank (ECB), and other authorities enabled banks to raise their own interest rates faster than their deposit rates, leading to an avalanche of net interest income and record profits.

Banking 52
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Dee Development Engineers bets big on oil & gas capex spend, utilises 50% of IPO proceeds for loan repayment, says CFO Sameer Agarwal

CFO News

Agarwal highlights a promising outlook for capital expenditure in the oil and gas and power sectors over the next five to ten years, calling it a golden period and positioning Dee Development Engineers Limited for significant growth opportunities.

CFO 45
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Tech leaders brace for high-stakes election

CFO Dive

It’s unclear whether a Trump or Harris presidency would bring regulatory relief to big tech, which has faced growing antitrust scrutiny in Washington.

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India fastest growing major economy, likely to become third largest soon: President Murmu

CFO News

The Indian government has an investor-friendly policy, where most sectors are open for 100 per cent FDI (foreign direct investment) under the automatic route, she said.

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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.