Thu.Mar 21, 2024

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FASB backs off bigger software accounting revamp

CFO Dive

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

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CFOs prioritize employee compensation in budget allocations, reveals Gartner survey

CFO News

Amidst the financial landscape of 2024, CFOs are intensifying their focus on elevating employee compensation, as revealed by a recent survey conducted by Gartner Inc., reflecting evolving trends in budget allocations and retention strategies.

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Trending Sources

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Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

CFO Dive

As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.

Planning 301
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India to play a larger role in globalisation in coming decades

CFO News

India has emerged as a bright spot on the global map and the world is looking at India with a big hope. While the lead economic indicators are showcasing remarkable improvement, the recent study also shows that India will be an integral part of globalisation in the coming decades.

Economics 111
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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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Marqeta CFO touts EWA expansion

CFO Dive

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

CFO 144

More Trending

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10-year TIPS reopening auction gets a real yield of 1.932%

Tips Watch

By David Enna, Tipswatch.com Blame it on the Fed. Early this week, it looked likely that today’s reopening auction of a 10-year TIPS — CUSIP 91282CJY8 — would generate a real yield to maturity of 2.0% or higher.

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Generative AI & Business Policies

VCFO

Generative AI is Here. Are Your Policies Ready? If you’re a business owner or executive who doesn’t yet fully understand generative AI, you may be adopting a wait-and-see approach before establishing a policy regarding its use in your workplace. Generative AI, however, is not waiting around and has likely already made its way into your business in some form or another.

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BMO is transforming the future of banking – and we’re getting recognized for it 

Bank of the West

While banks may not traditionally have been viewed as innovators, BMO is committed to changing that. Leading with a Digital First mindset, we take an innovative approach to providing digital… Read more The post BMO is transforming the future of banking – and we’re getting recognized for it appeared first on About BMO.

Banking 52
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CFOs eye budget increase for employee compensation, Gartner says

Future CFO

Chief financial officers are planning to increase budgets for employee compensation, according to a survey by Gartner, Inc. In the survey, which asked 296 CFOs and senior finance leaders to understand how budgets and spending will change in 2024, 71% of CFOs seek to boost average enterprise-wide employee compensation in 2024 faster than inflation. “Even with tighter economic policy and pressure from boards and investors on profitability and employee productivity, CFOs are outpacing inflation tha

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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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BMO Wins 2024 Celent Model Bank Award for Integration Excellence for Bank of the West Conversion

Bank of the West

Accolades continue for BMO’s historic conversion of Bank of the West’s (BOTW) two million customers, thousands of employees and hundreds of applications in the largest conversion in Canadian banking history.… Read more The post BMO Wins 2024 Celent Model Bank Award for Integration Excellence for Bank of the West Conversion appeared first on About BMO.

Banking 52
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Complete electoral bond data made public: Megha’s Rs 600 cr to BJP single biggest donation

CFO News

This emerged from analysis of data provided by State Bank of India (SBI) on electoral bonds as directed by the Supreme Court. The information was passed on by the bank to the Election Commission of India (ECI), which posted the data on its website Thursday evening.

Banking 52
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FocusCFO Heads to the 2024 EPI Summit!

Focus CFO

FocusCFO is proud to announce our partnership with the Exit Planning Institute for their 2024 Exit Planning Summit April 28-30, 2024, in Marco Island, Florida.

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Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears

CFO News

The deadline to file updated income tax return (ITR-U) is March 31, 2024 for FY 2020-21. In light of this deadline, the tax department is sending intimation to taxpayers urging them to check the AIS/Compliance portal regarding identified specified/high value transactions. If an individual is not being able to explain these transactions or give a satisfactory response, income tax notice will be sent.

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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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Watershed Distillery: Toast to a Successful Exit with FocusCFO

Focus CFO

Building Value for an Award-Winning Craft Distillery For many entrepreneurs, the ultimate goal is a successful exit. For Watershed Distillery, an award-winning craft distillery based in Columbus, Ohio, that dream became reality in 2023. This wasn't a stroke of luck, but the culmination of years of strategic planning and meticulous financial preparation with the support of FocusCFO's embedded Fractional CFO program.

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Flipkart tweaks merit approach, converts hikes into payouts

CFO News

In effect, employees will get two lump sum payments in April and October this year, equivalent in value to the salary increase that would have otherwise been paid out throughout the year. About 19,000-20,000 employees would benefit from this, a Flipkart executive told ET.

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A Modern Nonprofit Podcast: Fundraising Hacks for Nonprofits

The Charity CFO

John Mark Vanderpool, co-founder of Social Impact Solutions joins the podcast today. With a focus in fundraising strategies, Tosha & John Mark settle here for the conversation as this is John Mark’s speciality. Simplifying vs. Diversifying Revenue Sources It is no surprise that clients have struggled in the final quarter of 2023. Year end giving wasn’t as projected and not to mention the conversations about inflation and rising costs has yet to settle, the non-profit space faces many chall

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Hindustan Zinc may put off demerger

CFO News

In a letter to the mines ministry this month, HZL said it wouldn't push ahead with any demerger proposal that the government disapproves of and that it would take the Centre on board while adopting such a plan, people aware of the details told ET. "The matter is going to be put off, although the company would take a formal decision in due course," one of them said.

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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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A financial controller's guide to IPO readiness

Future CFO

An initial public offering , or an IPO, undeniably poses both an opportunity and a challenge for a company. According to Controllers Council , with changes in the political climate and interest rates, opportunities can open as quickly as they close. While an IPO provides an infusion of capital, it’s not without its drawbacks, as finances will be analysed thoroughly and reporting will be adjusted.

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M&M, Adani Total Energies join hands to set up EV charging infra

CFO News

Mahindra & Mahindra collaborates with Adani Group's Adani Total Energies E-Mobility Limited to expand EV charging infrastructure, benefiting XUV400 owners. The partnership focuses on enhancing customer experience, energy transition, and meeting climate action goals.

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MV Rao, MD & CEO of Central Bank of India, appointed as IBA chief

CFO News

Further, the committee has also appointed three Deputy Chairmen of the association. Further, Madhav Nair, Country Head and CEO, Bank of Bahrain and Kuwait, would be Honorary Secretary of the Association.

Banking 40
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Shapoorji Pallonji Group seeks up to $2.4 billion from lenders

CFO News

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not be identified because the details are private. Negotiations are ongoing and details of the lending could change, they added. It’s also gauging interest from Davidson Kempner Capital Management and Cerberus Capital Management LP, the people said.

Finance 40
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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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Online gaming continues to grow, but GST change to “moderate” monetisation: report

CFO News

According to a report from real money gaming (RMG) firm Winzo and non-profit firm Interactive Entertainment and Innovation Council, India currently has about 560 million gamers, of whom 144 million paid for games in 2023

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RBI readies framework for SROs

CFO News

India's central bank sets guidelines for SROs including grievance redressal mechanisms, non-discriminatory fees, and adherence to regulatory standards to ensure fair and transparent operations in various sectors.

Banking 40
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Enough opportunities in smallcaps, but largecaps offer better value: Krishna Sanghavi

CFO News

Krishna Sanghavi predicts India's shift towards manufacturing for export and import substitution will drive growth in core economy sectors. He emphasizes the importance of capacity building to meet future demand and promote consumerism, aligning with the evolving market trends. Sanghavi also says: "For now, largecaps offer as overall space far more value, far more investable opportunities.

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GenAI can be a gamechanger for tax compliance: PwC study

CFO News

At present, there is usually a time gap between the specific regulatory requirements and readiness of an organisation to be able to correctly furnish large amounts of data at the outset. With GenAI, managing complex tax compliances can become easier, the study noted.

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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.