Fri.Feb 02, 2024

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BP makes interim CFO permanent

CFO Dive

With Kate Thomson, the London-based oil giant holds a spot in the still relatively rarefied ranks of major companies with women in the top finance seat.

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The Benefits of Cloud ERP for Growth-Focused Companies

Navigator SAP

Some startups grow over time. Others move fast and chase the unicorn status of a $1 billion valuation like sustainable shoe manufacturer, Rothy’s. For slow-growth businesses, there are many options for backend IT systems. But for fast-growing companies that are growth-focused, there really is only one path: cloud-based ERP. Enterprise resource planning solutions (ERP) are the backbone of most businesses today, and for obvious reasons.

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Trending Sources

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US economy will likely cool as ‘real’ interest rates rise: ACCA

CFO Dive

As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.

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Empower Growth and Accelerate Innovation in Life Sciences with SAP S/4HANA Cloud Public Edition

Navigator SAP

Growing a life sciences business is not an easy task. The life sciences industry presents plenty of opportunity, but operational complexity and regulatory challenges also are significant. You know this as an executive at a life sciences business. We understand the challenges of growing a life sciences business as well, because we’ve been helping life sciences businesses scale for many years as a leading ERP implementation partner that specializes in your line of business.

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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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I-T dept will erase petty tax demands on its own: CBDT chairman on Budget announcement

CFO News

Union Finance Minister Nirmala Sitharaman had on Thursday declared the government's proposal to withdraw outstanding direct tax demands up to Rs 25,000 till 2009-10 fiscal and up to Rs 10,000 for financial years 2010-11 to 2014-15.

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Rich taxpayers will now need to give more details, ITR-2, ITR-3 for FY 2023-24 notified by CBDT

CFO News

Taxpayers earning over Rs 50 lakh or owning multiple houses must provide additional information when filing income tax returns (ITR). The Central Board of Direct Taxes (CBDT) has released ITR-2 and ITR-3 forms for the FY 2023-24 (AY 2024-25), with a deadline of July 31, 2024. ITR-2 and ITR-3: Income tax return (ITR) forms have been notified by the central board of direct taxes (CBDT) via an notification in e-gazette.

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MiB: Tom Hancock, GMO Focused Equity

Barry Ritholtz

This week, we speak with Tom Hancock, a partner at GMO LLC, where he is also head of the Focused Equity team. He manages the focused quality fund and its new Quality ETF, and is the portfolio manager for quality strategies. He previously served as co-head of the firm’s global equity team. Before joining GMO, he was a research scientist at Siemens and a software engineer at IBM.

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Centre likely to achieve Rs 1.2 lakh crore revenue target from telecom sector

CFO News

The mop-up is likely to be made possible due to improving financial health of the telecom sector, leading to rise in licence fee and spectrum charges, while a good quantum of money will come from state-run Bharat Sanchar Nigam (BSNL) for its 5G spectrum payment. The company never participates in auctions but always pays a market-determined price for its spectrum needs.

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The role of predictive analytics in modern CFO strategies

CFO Talks

In the evolving role of a Chief Financial Officer (CFO), mastering risk management, budgeting, and forecasting tools is crucial. These competencies not only strengthen the financial backbone of an organisation but also prepare it to navigate through uncertainties and market volatility. Risk Management: Effective risk management is a multifaceted approach, involving more than just financial analysis.

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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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Govt to withdraw 1.1 crore small tax demands totalling Rs 3,500 crore: Revenue Secretary

CFO News

In her interim budget speech for 2024-25, Finance Minister Nirmala Sitharaman announced withdrawal of outstanding direct tax demands up to Rs 25,000 pertaining to 2009-10 and up to Rs 10,000 for financial years 2010-11 to 2014-15, to benefit about a crore tax-payers

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Exploring the 4-Day Work Week: A Financial Perspective for CFOs

CFO Talks

In the wake of the post-pandemic era, businesses have undergone substantial transformations, particularly in embracing flexible work arrangements. One emerging trend gaining increasing momentum is the 4-day work week. But the question looms: Can Chief Financial Officers (CFOs) realistically embrace this model without compromising financial efficiency and productivity?

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India certain to become the world's third-largest economy during our third term: PM Modi at Bharat Mobility Global Expo 2024

CFO News

Prime Minister Narendra Modi expressed confidence that India will become the world's third-largest economy during the third term of his government. Speaking at the Bharat Mobility Global Expo 2024, he highlighted the transformative growth in the mobility sector, noting the surge in vehicle sales and the shift toward electric vehicles. PM Modi emphasized the role of the mobility sector in achieving the goal of making India a developed country by 2047.

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Ex-Trump CFO in perjury plea talks: NY Times

CFO Dive

A potential deal requiring ex-Trump CFO Allen Weisselberg admit to perjury comes as a ruling is imminent in the NY AG’s $370 million civil fraud case.

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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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Monthly GST mop-up from online gaming companies jump 400 pc since October 1

CFO News

Monthly GST collections from online gaming companies have surged by over 400% to Rs 1,200 crore since October 1 due to the implementation of a 28% tax on e-gaming platforms. The GST Council clarified last year that online gaming companies must pay 28% GST on the full face value of bets.

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Stricter GST return norms will make life easier for the honest: CBIC Chief

CFO News

"I feel that this tightening is not actually making the life of taxpayers difficult but it is making the life of honest taxpayers easy," Central Board of Indirect Taxes and Customs chairman Sanjay Kumar Agarwal said in an interview to ET. He said there will be no need for enforcement action if return filing is tightened.

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Budget 2024: FMCG industry expresses optimism on govt's vision for inclusive growth

CFO News

As Finance Minister Nirmala Sitharaman presented the Budget in the Parliament on February 1, it has laid the foundation of inclusive growth that will lead to ‘Sabka Vishwas', the industry experts believe. The budget emphasizes support for the underprivileged - 'Garib,' 'Mahilayen,' 'Yuva,' and 'Annadata' (the poor, women, youth, and farmers). With these initiatives, the FMCG industry can expect a good response from the rural markets for FMCG in the mid to long term.

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Thrust is on letting economy grow on its own momentum: CEA Anantha Nageswaran on next-gen reforms

CFO News

India's fiscal deficit had shot up to 9.2% of GDP in FY21 following the additional spending to provide stimulus to the economy hit by Covid. The Chief Economic Adviser asserted that the latest target of 5.1% of GDP is realistic.

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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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Divestment not a tool for fiscal consolidation, says Finance Secretary TV Somanathan

CFO News

The government is confident of meeting the targets in the interim budget presented on Thursday. Finance Secretary TV Somanathan stated that the government capital expenditure continues to be high and expressed confidence in achieving the 5.1% fiscal deficit target in 2024-2025, with estimated revenue growth of 11.5% against GDP growth of 10.5%. The nature of public expenditure is unpredictable, but barring unforeseen events, the aggregate public expenditure is projected to remain unchanged, he a

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After series of ‘violations’, Paytm may lose Payments Bank licence

CFO News

Few months ago, the RBI had alerted the Directorate of Enforcement of about possible money laundering and know-your-customer (KYC) violations at Paytm. Now, Paytm might be staring at losing its payments bank licence.

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Byju's at war — with investors, bankruptcy

CFO News

Byju's, in a letter, said the investors have “no voting rights to change (its) chief executive”. Byju’s top management said certain investors are “conspiring” against it and have “artificially induced” a cash crisis that has forced the troubled company to delay January salaries.

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Air India, Vistara boards may not be unified soon

CFO News

Tata Sons unlikely to integrate Air India and Vistara boards in a hurry; management teams to remain separate for at least a year; merger expected to take place this year or next; Tata wants Air India to achieve consumer trust and operational efficiency similar to Vistara before integration; merging airlines involves network and operational overhaul; merger could stretch through 2024; Air India and Vistara merging to form full-service airline; Singapore Airlines to hold 25.1% stake in post-merger

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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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Mahindra Group CFO Manoj Bhat takes over as CEO at Mahindra Holidays

CFO News

Mahindra Group undergoes a major leadership reshuffle, appointing CFO Manoj Bhat as CEO of Mahindra Holidays.

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