Mon.Feb 17, 2025

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Get More Out Of Time-Tracking Software With Useful Data And Regain Control Of Your Time

Nerd's Eye View

In order to deliver the best service to their clients, financial advisors often take on responsibilities beyond giving financial advice, including compliance, marketing, team management, and other operational duties. With only so many hours in a day and demands coming from every direction, it can be challenging to prioritize the most important things for growing an advisory firm.

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NFRA report flags audit lapses at PwC firms, highlights related party transaction and independence concerns; firms commit to improvements

CFO News

The National Financial Reporting Authority (NFRA) has published its 2023 audit inspection report on Price Waterhouse Chartered Accountants LLP (PWCA) and Price Waterhouse & Co Chartered Accountants LLP (PW & Co CA), highlighting issues related to the verification of related party transactions and adherence to independence standards. In response, both firms have committed to making necessary improvements to their audit processes and policies.

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Realigning financial strategies with Asia's economic shift

Future CFO

Asia, by 2040, is anticipated to be contributing 42% of global GDP, showing how the region is on the cusp of a new era and is on its way to expanding its global influence, according to McKinsey & Company. The global management consulting firm's analysis found that Asia could be home to 60% of the Fortune Global 500 companies and have 55% of the worlds total workforce.

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KPIs vs Metrics: What's the Best Way to Monitor Performance?

The Finance Weekly

Thriving in business requires more than just data collection, it also needs to identify the figures that impact growth. Lets take a quick example from Amazon sellers analyzing data. They might track conversion rate as a Key Performance Indicator (KPI) to measure how effectively potential customers turn into buyers. Meanwhile, the click-through rate serves as a supporting metric, showing how many people click on a product listing after seeing it in search results.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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The Key to Effective Risk Management in Business with Chris Weeks, CFO Center UK

CFO Talks

The Key to Effective Risk Management in Business with Chris Weeks, CFO Center UK In the latest CFO Club podcast, we had the pleasure of hosting Chris Weeks from CFO Center UK. Chris shared invaluable insights into effective risk management strategies and how businesses can better prepare for uncertainty. Here are some key takeaways from our discussion: 1.

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The significance of ESG in Finance

Future CFO

As finance leaders take on the reign and oversee even non-financial strategic matters such as environmental, social, and governance (ESG), it is then important to take the magnifying lens and look into its significance in the department. FinDep Consult enumerates aspects how ESG plays out as a vital factor to consider for finance leaders when making crucial decisions for the organisation: Investor Perspectives FinDep Consult says investors focus onESG when making decisions as they look for the r

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7 Reasons Every Startup Needs a Fractional CFO from Day One

CFO Selections

Executive Summary: In this article, well explore why every startup should consider hiring a fractional CFO from day one and discuss how a fractional CFO can help prevent costly mistakes that could derail a business. Launching a startup is an exhilarating journey, full of opportunity and innovation. However, the path to success is also fraught with financial complexities that can overwhelm even the most capable entrepreneurs.

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1072: Numbers, Narratives, and Navigating Change | Amy Butte, CFO, Navan

CFO Thought Leader

It was a phone call Amy Butte tells us she will never forget. Lifting the receiver, she heard the familiar voice of her fatheran accountant who had always championed her career. But this time, his words were tinged with a curious mixture of praise and amazement. He simply couldnt fathom how his daughter, who had taken only one accounting class, was now the CFO of the New York Stock Exchange.

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Sailing Through Rapid Business Growth Challenges

CFO Plans

In the whirlwind world of tech startups and fast-growing businesses, navigating rapid expansion can feel like sailing through a storm. The excitement of growth is palpable, but it comes with its own set of challenges, particularly in managing cash flow. As your business scales, the potential for financial strain increases, making it crucial to adopt proactive measures to identify and solve cash flow problems.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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India leading the next phase of global outsourcing expansion: Deloitte report

CFO News

India's outsourcing sector is transforming, with 81% of organizations planning to increase efforts due to technological advances, expertise access, and cost efficiency. Strategic services and AI-driven outsourcing are expanding, leading to outcome-based contracts. Combining GBS centers, third-party providers, and BOT models, India remains a preferred destination for outsourcing, offering significant cost savings and innovative solutions.

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10 President’s Day Reads

Barry Ritholtz

My back-to-work morning train WFH reads: OnlyFans Sticky Business Model : One of the wildest recent stats Ive seen is that 1.4 million American women have created an OnlyFans account, equivalent to 2% of all American women aged 18-45. That figure is from writer Tiana Lowe Doescher and she based it on OnlyFans data, so take them with a grain of salt.

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Fino Payments Bank ready for swift transition to SFB if approval comes, says CFO Ketan Merchant

CFO News

CFO Ketan Merchant told ETCFO that while the transition to a small finance bank will enable Fino Payments Bank to introduce credit as an additional offering, the bank will remain committed to its core fee-based model. With the current network of 18 lakh merchants, Fino aims to focus on the lower-end SME segment for lending. Merchant discussed current growth drivers, regulatory requirements on transition to SFB, and the way forward.

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SC seeks response from MCA on NFRA appeal over quashed show-cause notices to auditors

CFO News

The Supreme Court sought responses regarding an appeal by the NFRA against a Delhi High Court decision that quashed show-cause notices to auditors like Deloitte for procedural violations. The Court allowed NFRA to continue disciplinary proceedings under certain conditions, pending further hearings. The case involves significant legal implications and concerns over potential misconduct by auditors.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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State of the Economy: How macroeconomic indicators performed in January 2025?

CFO News

As India steps into 2025, the economy finds itself at a crossroads, marked by ambitious reforms, shifting market dynamics, and persistent challenges. The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, underscores the governments focus on economic growth, with key measures aimed at easing the burden on the middle class and salaried workers.

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ICSI, ICMAI demand inclusion of co secretaries, cost accountants as 'accountant' in Income Tax Bill

CFO News

The Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICMAI) urge the government to recognize their members as 'accountants' in the Income Tax Bill, 2025. They emphasize the crucial role these professionals play in compliance with tax regulations and seek a level playing field.

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India maintains DEI momentum as US firms pause DEI efforts

CFO News

US firms are re-evaluating their DEI commitments amid changing political climates, with some corporations rolling back initiatives. However, in India, MNCs and their affiliates are showing resilience. Though some companies are pausing or modifying DEI programs, many continue under other frameworks like CSR and workplace culture improvement.

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Tesla starts recruitment in India, sends signal of entering EV market

CFO News

Tesla is recruiting for a range of roles in India, focusing on the Mumbai Suburban area, signaling its intent to enter the Indian market. This move follows Elon Musk's discussion with Prime Minister Modi and India's new EV policy aimed at attracting global players with import duty concessions for manufacturing investments.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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India, Qatar ink MoUs to strengthen economic ties

CFO News

Commerce and Industry Minister Piyush Goyal announced on Tuesday that two MoUs have been signed between the Qatari Businessmen Association (QBA) and Confederation of Indian Industry (CII) and another between Invest Qatar and Invest India. The Minister also announced the elevation of the Joint Working Group on Trade and Commerce to the Ministerial level.

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India, Italy hold discussion to strengthen collaboration in agriculture, defence and space

CFO News

India and Italy held discussions in New Delhi to enhance collaboration in key sectors such as agriculture, defence, space, infrastructure, and transport.

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Economy expected to grow 6.4 pc in Q3: ICRA

CFO News

India's GDP is projected to grow by 6.4% in the December quarter, driven by increased government spending on capital and revenue expenditure. Enhanced investment activity and high growth in services exports also contributed, although uneven consumption remains a challenge. The National Statistical Office will release the October-December growth estimates on February 28.

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India delivering good returns on investments: Nirmala Sitharaman

CFO News

Union Finance Minister Nirmala Sitharaman emphasized that India provides good returns on investments, which attracts investors seeking profit. Finance Secretary Tuhin Kanta Pandey noted that FIIs tend to return to their home countries during global uncertainties. Sitharaman affirmed measures to control inflation, and the government is considering increasing the DICGC cover.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Unregistered persons can now generate e-Way Bill for GST compliance; Step-by-step guide on how to file ENR-03 on E-Way Bill portal

CFO News

GSTN Advisory February 15, 2025: Unregistered dealers engaged in the movement or transportation of goods can now generate e-Way Bills by enrolling themselves on the EWB portal and obtaining a unique Enrolment ID. This ID will serve as an alternative to the Supplier GSTIN or Recipient GSTIN for generating e-Way Bills. Read below for step-by-step guide on how to file ENR-03 form.

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Experts intrigued by inclusion of electoral bonds in new Income Tax Bill

CFO News

The new Income Tax Bill, 2025 includes provisions on electoral bonds despite their unconstitutionality as ruled by the Supreme Court last year. Experts suggest this could be an oversight or a strategic move by the government to potentially reintroduce a revised version of the scheme.

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Finance Minister hands over keys to homebuyers under SWAMIH Fund in Mumbai

CFO News

Union Finance Minister Nirmala Sitharaman handed over keys to homebuyers of long-stressed residential projects completed under the SWAMIH I Fund, marking the completion of 50,000 homes. Established in 2019, the SWAMIH Fund aims to revive stressed housing projects and boost affordable housing.

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Byju's committee of creditors votes to appoint new resolution professional

CFO News

The lenders action follows the tribunal directing the CoC to submit its recommendation on the appointment of a new resolution professional, after NCLT found lapses in the conduct of RP Pankaj Srivastava and had called for initiation of disciplinary proceedings against him.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.