Fri.Dec 29, 2023

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Is SAP ERP Actually Good for a Mid-Market Business?

Navigator SAP

We know that SAP is the right choice for many mid-market businesses that are digitally transforming or looking to put in place an ERP; we’ve been helping mid-market businesses leverage SAP for more than 25 years.

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CFOs crossing corporate ladder: A glimpse into 2023's top promotions

CFO News

Embarking on a transformative journey, CFOs emerge as strategic architects, shaping corporate destinies. ETCFO delves into the impactful stories of top 2023 promotions, illustrating their key role in propelling success and fostering change.

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Crunching the numbers: understanding marginal revenue

Cube Software

The fundamentals of marginal revenue: a quick recap Marginal revenue is the additional income generated from selling one more unit of a product or service. It's key in strategic finance for making informed decisions about pricing and production.

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‘Cost cutting’ on employees can be a bad idea - A CFO’s calculation

CFO News

In this insightful piece, Mukul Kanchan, Head of Finance at Plum, emphasizes the imperative synergy between CFOs and CHROs, advocating for data-driven decisions to elevate employee engagement and well-being, ultimately proving that investing in employees yields significant returns.

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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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Cognizant gets HC relief in I-T Dept's Rs 9,400 cr tax demand case

CFO News

The Madras High Court has stayed the Income Tax Department's demand of ₹9,403.09 crore from Cognizant Technologies for its share buyback of over ₹19,000 crore in 2017-18. The court has directed Cognizant to pay ₹1,500 crore within four weeks as security against the tax demand. If the company fails to comply, the stay order will be vacated automatically.

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In 2023 India Inc. learnt hard lessons on families, friends and partners

CFO News

India Inc 2023: The year 2023 saw significant turmoil within several prominent Indian businesses, including Bharat Forge, Indigo, Raymond Group, and Religare Enterprises. These disputes among family members, friends, and stakeholders shed light on critical issues. It emphasized the necessity for clear succession plans, strategies to shield companies from relationship conflicts, and improved scrutiny of stakeholders.

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Uday Kotak wants India Inc. to move away from banks, keep Japan at the back of mind

CFO News

Uday Kotak, the Kotak Mahindra Bank founder, voiced for corporates to shift away from banks as part of helping India achieve dreams of 9% annual growth and becoming a $30 trillion GDP by 2047. Highlighting the shift from savers to investors, he emphasised challenges in banking, urging large corporates to shift to capital markets. He warned against Japan's economic history and stresses policies to avoid market bubbles.

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NFRA flags audit lapses by Walker Chandiok, releases inspection report

CFO News

The National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighting lapses such as the lack of integration between electronic and paper files and the provision of non-audit services prohibited under the Companies Act, 2013. The report also highlighted the existence of related entities of WCCL, Grant Thornton Bharat LLP (GTBL), Grant Thornton Advisory Private Ltd (GTAPL) which are part of a large global "GTIL Networ

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Indian banks shrug off multiple headwinds

CFO News

RBI's assessment of notional losses in the HTM portfolio - which it started publishing recently - assumes significance in light of the collapse of the Silicon Valley Bank and a few other US-based lenders in March 2023, stressed by huge losses incurred on holdings of American bonds.

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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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Waaree Energies files draft papers for Rs 3,000-crore IPO

CFO News

As of November 30, 2023, the company has an order book of 20.16 GW of solar PV modules and 3.75 GW of orders for subsidiary, Waaree Solar Americas located in US. Axis Cap, IIFL Securities, Jefferies India, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Cap are book running lead managers to the issue.

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Indian economy to comfortably exceed 6.5 per cent GDP growth rate for FY24, says FinMin

CFO News

On the inflation front, with the stable downward movement in core inflation and continuing deflation in fuel inflation, the headline inflation outlook is on a declining trend, notwithstanding temporary disruptions from food prices. RBI has projected inflation to average at 5.4 per cent in FY24.

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Core sector growth eases to a six-month low of 7.8% in November

CFO News

The core sector output in India reached a six-month low of 7.8% in November, compared to 12% in October, due to a delayed festival season and a high base effect. The core sector growth averaged 9.9% in the two months, indicating continued infrastructure momentum in the third quarter. The Index of Eight Core Industries measures the output of key infrastructure industries, including coal, natural gas, petroleum refining, crude, electricity, cement, and steel.

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Fiscal Deficit: India's budget gap for April-November at Rs 9.07 lakh crore, narrows to 50.7% of FY24 aim

CFO News

Budget Gap: India's fiscal deficit for April to November, or the first eight months of this fiscal year, was at 9.07 lakh crore rupees, equivalent to 50.7% of annual estimates, marginally narrowing from the previous year's X%. The government aims to narrow the fiscal gap to 5.9% of GDP in this financial year from 6.4% a year earlier.

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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.