Thu.Jan 11, 2024

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Daimler Truck taps Siemens executive to succeed late CFO

CFO Dive

The German vehicle manufacturer appointed Eva Scherer about five months after the company’s previous finance chief died of complications from a wasp sting.

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Future-Proofing Your Business: CBD Manufacturing ERP, Scalability for Continued Growth

Navigator SAP

Imagine this: the year is 2027. CBD is a household staple, lining grocery shelves and doctor's offices alike. Your once-bustling CBD (Cannabis) manufacturing facility now feels cramped, your inventory spreadsheet a tangled mess, and your production cycles resemble a game of Tetris gone haywire. Sound familiar? If you're a CBD manufacturer, this isn't an outlandish scenario.

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Trending Sources

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Inflation inches up, signaling prospect of extended Fed inflation fight

CFO Dive

The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.

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The School Bell Rings: Time for Class!

Musings on Markets

Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting in a couple of weeks, I would like to invite you, if you are interested, to come along for the ride. I know! I know! Most of you are not enrolled at NYU, paying nosebleed prices, and that is prerequisite to be in the classroom, but thanks to technology and a loose reading of the rules that constrain me, you can get a close approximation of the classroom experience, wherever you are in the world, wi

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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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Union Budget 2024: What India Inc expects on tax front

CFO News

On one side, the economists want the government to manage fiscal consolidation and spend wisely, India Inc have their own checklist. As the budget announcement approaches on February 1, 2024, expectations are high for potential changes in taxation policies.

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Top 10 vcfo Articles of 2023

VCFO

As we step into 2024, here’s a look back at some of last year’s most popular blogs from our expert finance, accounting , and HR consultants: Five Key Aspects of Accountability in Business Authored by Rainee Busby, Certified EOS Implementer® and Franchisee with EOS Worldwide In this post, we examine the importance and challenges of embracing accountability in a business and weaving it into one’s culture.

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CPI Increase is Based on Bad Shelter Data

Barry Ritholtz

I am popping out of book leave to just throw a few charts at you regarding the Inflation data for December. CPI came in a 0.3% versus 0.2% expected month over month. But the devil is in the details. BLS pointed to shelter as the source of the increase: “The index for shelter continued to rise in December, contributing over half of the monthly all items increase.” In the real world, shelter measures were flat or negative.

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2023 Core Value Awards

Focus CFO

Passionate | Continuous Learner | Sherpa | Excellent Communicator | Coachable Each year we meet at our annual All-Hands meeting to learn, share best practices, celebrate our accomplishments, and recognize exemplary associates. Here are the recipients of our 2023 Core Value Awards, recognizing those associates who have shown a commitment to exemplifying our core values and corporate philosophy.

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Adweek: MiB Best Business-to-Business Podcast!

Barry Ritholtz

Hey, this is a really nice surprise: Masters in Business was the winner in the Best Business-to-Business Podcast. I am Thrilled and humbled to win anything! Here’s what Adweek says: “In a world of shrinking attention spans where long-form journalism is an endangered species, Masters in Business sounds a refreshingly contrarian note. Creator and host Barry Ritholtz not only invites some of the most dynamic and creative business thinkers to the microphone–he’ll also often s

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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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The phases of strategy restructuring for CFOs

Future CFO

To keep up --and even get ahead--of the race in the market today, chief financial officers must have a good grasp of the situation to be able to strategise better for the months to come. CFOs must lean on a systematic phased approach to restructuring strategies for the future to be able to plan correctly , and consequently execute and adapt. Phase 1 – The case for change In the initial phase, finance leaders must make a compelling case for change and communicate the strategic rationale behind th

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National Solar Federation CEO calls for GST council-like body to boost India's renewable energy goals

CFO News

Speaking to ET Energyworld, Pulipaka underscored the necessity of such a council. "To bring about uniformity in energy policies across states and ease the business process, a national-level Electricity Council, on the lines of the GST Council, is essential," he stated.

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Four Asia Pacific economies to grow at least 5%

Future CFO

There are four Asia Pacific economies that Fitch Ratings expect to grow at least 5% in 2024. Economic growth in APAC will generally remain strong in 2024, especially in emerging markets (EMs), supporting sector outlooks across the region, the credit rating agency noted. “We expect real GDP to expand by, or above, 5% in four Asia Pacific economies—India, Indonesia, the Philippines and Vietnam,” the firm said.

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Vodafone Idea faces Rs 13.16 cr penalty in GST case

CFO News

Vodafone Idea has been slapped with a penalty of Rs 13.16 crore by the GST additional commissioner's office in Chandigarh. The penalty, imposed on January 10, is related to the alleged wrongful transition of CENVAT credit to the Goods and Services Tax (GST) regime.

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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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Kitces & Carl Ep 129: How Autonomy, Experience, And Team Drive Advisor Wellbeing

Nerd's Eye View

As the beginning of the new year invites a fresh start, it's a fitting time to reflect on our own wellbeing and the elements that make us happy in life. While many believe they understand what brings them joy, it can be difficult to recognize the patterns that consistently enhance wellbeing and happiness. The most recent Kitces Research Study on What Actually Contributes To Advisor Wellbeing sheds light on this topic, revealing some of the factors that contribute most to positive wellbeing for a

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Govt's mission is to make India world's top automobile manufacturing hub, says Nitin Gadkari

CFO News

Gadkari asked automakers to accelerate investment and expansion in alternative technologies like electric, hydrogen, flex fuel etc. to ensure they “do not miss the bus”. The manner in which automobile numbers are increasing, there’s a huge potential in the sector, he pointed out. “Till four years ago, everyone had apprehensions about EVs. That’s no longer the case,” said Gadkari.

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Navigating Economic Landscapes: How ITR Economics Empowers FocusCFO Associates

Focus CFO

At FocusCFO, we are committed to providing our associates with the best tools and resources to deliver exceptional financial insights and guidance to our clients. One such invaluable resource is our strategic partnership with ITR Economics. We believe in the power of data-driven decision-making, and that's why FocusCFO has partnered with ITR Economics to provide all of our associates, including accomplished leaders like Area President Greg Gens , with access to ITR Economics' insights.

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Take pre-emptive steps to mitigate risks: RBI to banks

CFO News

While the flexible inflation targeting provided the elbow room to address the supply side shocks, the regulator post Covid put together a mechanism to strengthen the institutions through prudential norms and heightened supervision and inspection, Governor Shaktikanta Das said.

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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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The Mentoring Round | Luigi Testa, CFO, LinkSquares

CFO Thought Leader

Inside The Mentoring Round, CFO Luigi Testa of LinkSquares emphasizes the importance of expecting the unexpected in any role, especially in a CFO role. When unexpected challenges or crises arise, it’s crucial to remain calm and think clearly to find solutions. Embracing these situations and learning from them is essential for success. Testa mentions that in the current business environment, CFOs are often tasked with doing more with less and reducing the cost structure of the business.

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Turnaround in the Indian banking system cornerstone of India’s success, says RBI Governor

CFO News

The Indian banking and financial sector has seen a significant turnaround since the Covid pandemic, contributing to the country's economic recovery. Reserve Bank of India Governor Shaktikanta Das emphasized the importance of preserving the trust built on the system, stating that the bank has improved its regulatory and supervisory systems to adapt to emerging trends like digital penetration and credit analytics.

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NY AG, Trump clash in final $370M civil fraud tug-of-war

CFO Dive

Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

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Adani Ports uses unique structure to place bonds with private credit funds

CFO News

The company, with a market capitalisation of ₹2.6 lakh crore, has placed uniquely structured bonds with a clutch of local private credit funds to mobilise ₹500 crore, said two persons familiar with the issuance that closed on January 9.

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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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MSMEs confident about India’s economy in 2024, project spike in profits: Report

CFO News

Delhi is most optimistic where a whopping 87% of surveyed MSMEs anticipate a surge in consumer spending. Bangalore and Pune follow suit with impressive levels of confidence, it said. The report highlighted the top three factors for consideration while choosing a loan provider: quick disbursals, digitally enabled loan journey, and deal terms.

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Interim Budget: Fiscal deficit target may be set at 5.3% in FY25, say experts

CFO News

" major policy changes and announcements are unlikely. ICRA expects the fiscal deficit target for FY25 to be set at 5.3% of GDP, midway through the expected print of 6% for FY24 and the medium-term target of sub-4.5% by FY26," said Aditi Nayar, chief economist, Icra.

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LIC gets IT demand notices worth Rs 3,529 crore

CFO News

The corporation has received orders from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai, LIC said in a regulatory filing. LIC would file an appeal before the Commissioner (Appeals), Mumbai, against the said orders within the prescribed timelines, it said.

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Net direct tax collection rises 19% till Jan 11, reaches 81% of FY24 target

CFO News

India's net direct tax collection has witnessed a significant rise of 19% to reach Rs 14.70 lakh crore as per the latest official government data released on Thursday. Moreover, the data further highlights that the tax collection has already reached 81% of the full-year target.

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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.