Fri.May 24, 2024

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Streamlining Financial Processes with Cloud-Based Solutions

CFO Plans

Unleashing Efficiency with Cloud-Based Accounting Software In today’s fast-paced business environment, efficiency is no longer a luxury but a necessity. For modern businesses, particularly those navigating the complex waters of financial management, SaaS-based accounting software has emerged as a game-changer. This technology not only streamlines processes but also enhances collaboration and provides real-time insights, empowering teams to make informed decisions in a rapidly evolving market.

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KPMG alum rises to FASB leadership post as first female vice chair

CFO Dive

Hillary Salo was already poised to extend women’s historic majority on the seven-member FASB when she joins in July. Now she will be its first female vice chair.

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Comparing SAP S/4HANA Cloud Public and Private Editions

Navigator SAP

Growing-focused businesses have a choice when deciding which SAP enterprise resource planning solution (ERP) they should adopt: SAP S/4HANA Cloud Public Edition or S/4HANA Private Edition. While many firms will benefit more from the Public Edition and its software-as-a-service model, there are substantive differences between the two and cases when the Private Edition makes more sense.

SAP 202
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Raymond James taps CAO as CFO successor

CFO Dive

The wealth management company’s top accounting officer will assume the CFO role as finance chief Paul Shoukry preps to take over as CEO.

CFO 284
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

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More PEs head to India armed with big money to bag deals

CFO News

Growtheum Capital Partners, a private equity firm headquartered in Singapore, is scheduled to inaugurate its Mumbai office this July, joining the growing list of PE investors in India. At the same time, US-based private equity firm Platinum Equity is evaluating investment opportunities across various sectors such as healthcare, technology, and infrastructure as it prepares to enter the Indian market.

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Air India appoints Tata Projects' Sanjay Sharma as new CFO

CFO News

Tata-owned Air India appoints Sanjay Sharma as the new CFO succeeding Vinod Hejmadi who retires after a long tenure with the India's flag carrier airline.

CFO 59
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SBI jumps the gun, sets out to make infra loans costlier

CFO News

SBI introduces new loan clause transferring increased costs due to tighter provisioning regulations, amid industry resistance. RBI issues draft guidelines on project loan financing and provisioning. Banks, including SBI, seek relaxation from proposed norms impacting infrastructure project bids.

Finance 52
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Study suggests India should impose wealth tax on the ultra-rich to tackle wealth inequality

CFO News

A World Inequality Lab study recommends India implement a wealth tax on the ultra-rich to combat wealth inequality and boost social sector investments. Proposed measures include a 2% annual tax on wealth over Rs 10 crore and a 33% inheritance tax on estates exceeding the same value. Authors emphasize the need for progressive taxation to address extreme wealth disparity.

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Aditya Birla Group crosses $100 billion market capitalization milestone

CFO News

The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

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NCLT admits Srei's insolvency plea against Supreme Infrastructure BOT

CFO News

The National Company Law Tribunal (NCLT) has accepted Srei Infrastructure Finance's request to commence a corporate insolvency resolution process (CIRP) against Supreme Infrastructure BOT due to its failure to repay a loan. Srei Infrastructure Finance had provided a term loan of Rs 150 crore to Supreme Infrastructure BOT for a duration of five years, earmarked for infrastructure projects.

Finance 40
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Sebi cracks the whip on finfluencers trying to manipulate IPOs

CFO News

The move is meant to restrict the impact of finfluencers in the IPO market and help investors have an easier understanding of key features of an offer. All IPO-bound companies are mandated to make videos informing investors not to rely on finfluencers or financial influencers circulating misinformation on social media platforms.

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Infrastructural & Economic Growth Paving India’s highway to the Amrit Kal

CFO News

India’s rapid economic growth and robust infrastructural developments are propelling it towards a promising future. Discover how progressive reforms and strategic investments are positioning India as a global powerhouse.

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RBI approves appointment of Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank

CFO News

The RBI has approved Pradeep Kumar Sinha's appointment as Part-time Chairman of ICICI Bank, effective July 1, 2024, for a three-year term.

Banking 40
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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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Post-pandemic, Indians shopped.till they dropped (in FY24)

CFO News

Pent-up demand post-Covid led to booming sales in athleisure wear and lifestyle products. Kumar Rajagopalan notes the unsustainable high growth post-pandemic and the impact on consumer spending.

Sales 40
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Yellen says India and China hindering 'Pillar 1' tax deal

CFO News

U.S. Treasury Secretary Janet Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been "all but absent" in the negotiations to finalize "Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries.

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RBI's record dividend presents a delicious dilemma for new Indian government

CFO News

As India prepares for a new government by June 4, a significant Rs 2.11 lakh crore windfall awaits allocation. Options range from faster deficit reduction to increased spending. Analysts anticipate positive investor sentiment, though preferences vary between deficit reduction and expenditure.

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India data center boom to drive 10 million sq ft realty demand by 2026

CFO News

Cloud Service Providers (CSPs), which furnish information technology infrastructure primarily for data storage and computing power via the Internet, have adjusted their strategies to accommodate AI-driven demand. These providers have also disclosed plans for increased investments to support AI-driven growth.

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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.