Wed.Jun 05, 2024

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The CFO’s role in the age of generative AI

CFO Dive

CFOs are the strategic transformation partners CEOs need to ensure swift and successful generative AI adoption.

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Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks

CFO News

Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land.

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Trending Sources

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FASB seeks comment on narrow hedge accounting fix

CFO Dive

Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.

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Hiring Your First Employee: What You Need To Know To Cover Your Compliance Obligations

Nerd's Eye View

For the most part, solo advicers launching their first practice often have plenty of time and not a lot of revenue, which means they tend to take care of every aspect of the business themselves. As their practices grow and they start to serve more clients, though, advicers invariably reach a point where they simply don't have the time to do everything on their own and need to decide whether to make their first hire (or not!).

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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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Alphabet taps Eli Lilly veteran to replace longest-running CFO

CFO Dive

Anat Ashkenazi will succeed Ruth Porat, a powerful Silicon Valley leader who took the tech giant’s finance reins in May 2015.

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More Trending

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Cyberattacks pose mounting risks to creditworthiness: Moody’s

CFO Dive

“As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.

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CEO Turnover Rising

Global Finance

High-profile CEOs are heading to the exit door. At Boeing, Dave Calhoun, infamous for his entanglement in the 737 Max crisis, will leave the aeronautics giant at the end of the year. Meanwhile, Chairman Larry Kellner will not stand for reelection, and Stan Deal, the CEO of the commercial airplanes division, is out. Clothing retailer Gap is also freshening up.

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1,006: Finance and Strategy: A Dual Approach | Jorge Stevenson, CFO, Yuvo Health

CFO Thought Leader

CFO Jorge Stevenson’s finance career journey begins in Santiago, Chile, where both his parents were leaders within the business community and instilled in him the importance of finance when it comes to achieving business success. Jorge’s formal business education began with an MBA from Duke University, where he honed his finance. His professional journey includes pivotal roles at a number of different organizations.

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New Sovereign Wealth Funds Have New Remits

Global Finance

The previous decade saw a wave of sovereign wealth funds (SWFs) driven by a commodity market boom and foreign exchange reserves. Governments from Chile to the United Arab Emirates (UAE) use sovereign financial vehicles to diversify their economies and investment portfolios, secure intergenerational wealth and provide stability against shock events while aiming for better financial returns in more lucrative asset classes.

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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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Anaplan Reviews

The Finance Weekly

FP&A, or Financial Planning & Analysis, is where finance and corporate management meet, helping make all the important present and future decisions in the company. More and more finance teams are turning to FP&A software solutions to help them handle financial planning, budgeting, forecasting, scenario modeling, reporting, and analysis—all in one place.

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SEBI eases timelines for material event disclosures by FPIs

CFO News

Financial markets regulator Securities and Exchange Board of India (SEBI) has relaxed timelines for disclosure of certain material changes or events by Foreign Portfolio Investors (FPIs).

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Top CFOs have mixed views on impact of coalition government on India Inc and economy

CFO News

Amidst India's 2024 election results, top CFOs reflect on the implications of coalition governance for India Inc and the economy. Delving into the dynamics of the NDA's victory and the challenges of coalition politics, they offer insights into policy concerns and economic prospects.

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Job market recovery may slow, for now

CFO News

The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.

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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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Climate change: Cos need some big changes on compliances

CFO News

World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Prime Database.

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BHEL gets over Rs 3,500 cr order from Adani Power

CFO News

The order's total worth is more than Rs 3,500 crore, excluding the GST, the company added.

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Sebi asks Religare to file Burmans’ open offer plan

CFO News

Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.

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Modi 3.0 mandate may be weaker, but Indian economy has a robust growth outlook: Fitch Ratings

CFO News

Fitch Ratings has maintained a positive outlook on India's medium-term economic growth, citing substantial government capital expenditure and strengthened corporate and bank balance sheets. The BJP-led NDA is likely to form the next government, and India's strong medium-term growth outlook is expected to remain intact.

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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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NBFCs' funding costs to rise as banks cut back

CFO News

The cost of funds for non-banks in Mumbai may rise by 200 to 300 basis points as banks reduce funding. Recent data shows a drop in bank funds to non-banks. RBI's actions have impacted bank loans to non-banking financial companies, leading to potential margin squeezes.

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Job demand in renewable energy sector surges 23.7 pc in FY24: Report

CFO News

The renewable energy sector is seeing a rise in demand for roles like solar PV technicians, wind turbine installers, roofers, and storage operators, in addition to a decline in attrition rates to 33.5% in FY24.

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Vedanta's demerger plan clears major hurdle with SBI approval

CFO News

Vedanta's demerger aims to create distinct businesses for better market maneuverability. Credit rating agencies assign strong ratings to Vedanta's debt instruments.

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Which global leaders will attend Modi's oath ceremony? All you need to know

CFO News

The people cited above said top leaders of Bangladesh, Sri Lanka, Bhutan, Nepal and Mauritius are likely to be among the foreign leaders to be invited for Modi's oath-taking ceremony. The media division of Sri Lankan President Ranil Wickremesinghe's office said Modi invited him to the swearing-in ceremony. It said Wickremesinghe accepted the invite.

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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.