Fri.Dec 08, 2023

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Talent tops 2024 CFO risks: Protiviti

CFO Dive

Risks relating to talent shortages, inflation and generative AI remain top of mind for finance chiefs as they look forward to 2024, Protiviti’s survey found.

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Why SMEs Should Rediscover SAP

Navigator SAP

Small and mid-sized businesses should reevaluate what SAP can offer them. Because like a nimble startup, the SAP of five years ago isn’t the SAP of today. There are some popular myths about SAP because the firm literally invented the enterprise resource planning space (ERP) and powers many of the world’s largest companies. The popular misconception about SAP solutions is epitomized by the starting assumption of mid-market business consultant Mike Wind before he actually looked at what SAP offers

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Trending Sources

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Most accountants back AI, viewing it as productivity boost: Moss Adams

CFO Dive

Accountants flagged several potential downsides from rapid AI adoption, including poor work quality, flawed data and undetected bias.

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Monthly NFPs Are Rounding Errors

Barry Ritholtz

You may have missed the most important data point in today’s Employment report. It wasn’t that Nonfarm payrolls increased by 199,000 in November, somewhat higher than expected; nor was it the unemployment rate, which fell to 3.7% in November, from 3.9% in October; nor was it that Wages continued to rise at a modest pace, with average hourly earnings up 0.6%.

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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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Instacart to focus on order efficiency to retain online grocery delivery dominance

CFO Dive

The practice of “batching,” or handling multiple orders per shopper trip, is improving unit economics, CFO Nick Giovanni says.

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More Trending

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Employees believe offices not ready for new way of working: study

CFO News

A Cisco study on employee attitudes toward returning to the office in India reveals that while 76% of employees respond positively to their organization's return-to-office mandate, 82% express a desire to return to the office at least a few times per week.

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501(c)(3) Donation Rules: The Ultimate Guide

The Charity CFO

501(c)(3) donation rules are crucial for any nonprofit organization to understand. Donations are the lifeline of any nonprofit organization. While some nonprofits depend more on government contracts or foundations, many rely on donations from individuals as their primary funding source. One essential tool that you can use in your nonprofit is donation tracking software that can help you keep track of incoming gifts.

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Vedanta Resources close to raising $1.25 billion from Standard Chartered Bank, Cerberus Capital

CFO News

Standard Chartered Bank will underwrite $950 million of the $1.25 billion financing while New York-based Cerberus Capital will cover the remaining $300 million, the people said requesting anonymity. Other credit investors could join as Standard Chartered Bank is expected to distribute or "sell down" its share of the loan, they added.

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How to streamline multi-location healthcare FP&A

Centage

Financial management can be a significant challenge for multi-location medical facilities. As multi-site healthcare businesses grow and evolve, the demand for advanced financial planning and budgeting solutions shifts from being a “nice to have” to presenting a crucial need for attaining business objectives. Companies offering services like LASIK eye surgeries, orthopedic treatments, or specialized surgical procedures are increasingly feeling the weight of FP&A challenges associa

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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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NARCL finalises acquisition of two SREI companies

CFO News

"This would be one of the largest time-bound resolutions in recent years," NARCL managing director N Sundar was quoted as saying in a press statement issued by the asset reconstruction company.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Report: Who Is Fleeing New York? Not Millionaires : A report found that New York is gaining millionaires, despite an earlier exodus, while lower-income families are being forced to leave, raising questions about the state’s tax policies.

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Single KYC for all financial services soon: DEA Secretary

CFO News

Talking about India's digital infrastructure in general and UPI payment in particular, Seth said that the world is now recognizing the model and many countries after Singapore, including UAE and US are now asking the government to connect to their digital payment system.

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Will address EU’s carbon tax, retaliate if needed: Piyush Goyal

CFO News

Under the EU’s Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions. The monitoring of such products began October 1.

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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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G-sec inclusion in global indices to boost corporate bond market: Sebi chief Buch

CFO News

Speaking at the industry body CII’s Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.

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RBI declares formation of repository for fintechs to expand digital payments

CFO News

The Reserve Bank of India (RBI) has increased the limits on UPI payments to Rs 5 lakh for specific situations and announced the creation of a repository for fintechs. This move aims to expand digital payments and reduce reliance on physical cash or cheques. The limits for UPI transactions made to hospitals and educational institutes have been raised from ₹1 lakh to ₹5 lakh per transaction.

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India poised to become global economic powerhouse, aiming for $35 trillion economy by 2047: Goyal

CFO News

"The Bharat of today will indeed be the world’s growth engine and collectively India is going to be powering the world economy for several decades to come. Our mission is clear to make India a developed nation with a 10x growth to become a $35 trillion economy by 2047.

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SC dismisses retirement benefits plea of former ICICI Bank CEO Chanda Kochhar

CFO News

The Supreme Court upheld a Bombay High Court order refusing to stay the termination of former ICICI Bank CEO Chanda Kochhar. The court dismissed her plea seeking retirement benefits and entitlements like Employee Stock Options (ESOPs), which were allegedly revoked by the bank after her "illegal termination." The court stated that there was no case for interference.

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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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Connected lending: Das & Co get serious about a bank system that Raghuram Rajan had warned

CFO News

Reserve Bank of India MPC Meeting Updates: India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster 'connected lending,' granting preferential loans to connected parties. While a 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power.

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Why is Mukesh Ambani scouring sugar mills across India?

CFO News

Mukesh Ambani, Chairman of Reliance Industries Ltd. (RIL), is exploring a fresh avenue in the energy sector by targeting an underexplored resource: sugarcane press mud for compressed biogas (CBG) production. RIL is engaging with sugar mills to procure press mud, signaling a move towards biogas amid the push for green energy.

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Coca Cola plans Rs 3,000 crore investment in Gujarat's Sanand

CFO News

The state government has already allotted a 1.6 lakh square meter plot of land (SM-52) in Sanand Industrial Estate-II for the plant. Government sources have confirmed that the approval process has been expedited, showcasing the company's commitment to its investment in Gujarat.

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Funding in Indian startups sinks to $7 billion, lowest since 2017

CFO News

Startup Funding: Investments till date at $7 billion for 2023; Oct-Dec least funded quarter since July-Sept 2016, show data

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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