Mon.Jul 01, 2024

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Achieve real AI results in finance

CFO Dive

Standing idle is not an option as our organizations demand AI-enabled solutions.

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The Latest In Financial #AdvisorTech (July 2024)

Nerd's Eye View

Welcome to the July 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that AI meeting support solution Jump has raised $4.6 million in venture capital, as meeting support has increasingly shown itself as a leading use case for AI as it applies to financial advisors given the s

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Trending Sources

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Fossil names interim CFO after finance chief follows CEO out the door

CFO Dive

The watch and jewelry retailer is bringing in a Radisson Hotel and Icahn Enterprises alum as interim CFO after reporting a 22% drop in net sales for its most recent quarter.

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A Day in the Life: Justin Barch from the Association for Financial Professionals

Future CFO

Editor's note: In today’s A Day in the Life interview, Justin Barch (pictured), CAE, Managing Director, Revenue & Growth, Association for Financial Professionals (AFP) shares with FutureCFO audiences how professional education and travel inspire him to understand clients’ needs better as well as his typical work day. FutureCFO: What does a typical day look like for you?

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

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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SCOTUS gives CFOs ‘brand new lens’ for tax positions

CFO Dive

Businesses should review their tax positions to see if they are dependent on a regulation that might be vulnerable to a challenge, attorney Robert Kovacev said.

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More Trending

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IPO market quickens as stocks hit record highs during H1 2024, EY says

CFO Dive

In coming months the IPO market in the U.S. and beyond faces possible turbulence from intensifying regional conflicts and “an election super-cycle,” EY said.

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In Conversation with Achraf Abourida, Head of Product Management at Surecomp

Global Finance

Joseph Giarraputo, the Founder and Editorial Director of Global Finance, talks to Achraf Abourida, Head of Product Management at Surecomp, about the major challenges banks face in providing trade and supply chain finance solutions, including technology development, capital costs, and regulatory requirements. Surecomp, which was named by Global Finance as the world’s best trade finance software provider for the second year in a row, is helping address these concerns with core applications for ban

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What to Look for in Nonprofit Accounting Services

The Charity CFO

Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors. Let’s explore the key factors to consider when researching nonprofit accounting services–from the firm’s expertise to its technology recommendations–so you can be sure you’re getting the nonprofit accounting your organization needs. 1.

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Becoming a CFO: The journey from executor to strategic leader

Cube Software

Executor vs. strategic leader: What's the difference? Before we dive into embracing a strategic mindset, it's helpful to understand the fundamental differences between an executor and a strategic leader.

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

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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India looks to match world average for share of women in workforce

CFO News

Proposals under consideration include incentives to create employment, development of the care economy, and enabling easier access to finance to encourage more women to join the labour force, said people aware of the deliberations.

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Benchmarking for success: use these financial metrics to guide your strategy

Cube Software

Key financial metrics for benchmarking Financial metrics are the backbone of strategic planning and decision-making for any finance leader. They provide a quantifiable means to assess your company's financial performance, identify strengths and weaknesses, and set realistic goals.

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What next for GST after seven years of existence?

CFO News

Industry stakeholders want the government to address challenges in audits, implement a robust dispute resolution mechanism, rationalise GST rates, and promote exports by liberalising rules.

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JK Cement Deputy CFO Sumnesh Khandelwal resigns

CFO News

After serving a notice period of 90 days, Khandelwal was relieved from the company on July 1, 2024.

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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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Digital transformation of taxation: How GST is bringing about a technology revolution within the tax function

CFO News

Siddharth Mehta and Prashanth Agarwal, Partners at PwC India, emphasize GST's transformative impact, highlighting technological advancements in compliance, data analytics, and AI, driving a more efficient and transparent tax system.

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Government working on aggregation of CA firms, accounting standards for insurance sector

CFO News

Government and ICAI collaborate to boost global accounting firm presence. Efforts include setting standards for insurance sector and LLPs, and reducing the time for voluntary company closure. ICAI President plans for CA firm aggregation in the near future.

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Sebi approves IPOs of FirstCry, Unicommerce and Gala

CFO News

Sebi approves IPO plans for FirstCry, Unicommerce, and Gala. FirstCry proposes to utilise the net proceeds up to Rs 1816 crore from the offer towards funding the expenditure for setting up new modern stores under the 'BabyHug' brand, setting up a warehouse in India, expenditure for lease payments for the existing identified modern stores owned and operated by the company, in India.

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Hindenburg faces Sebi scrutiny, Kotak Bank dragged in Adani saga

CFO News

Adani-Hindenburg Case: Hindenburg Research's disclosure of suspected violations by India's securities regulator regarding Adani Group's short bet led to minimal gains, highlighting challenges faced by foreign investors under Indian securities rules.

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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.

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Economy on strong wicket after fiscal first quarter

CFO News

India's economy showed strong first-quarter performance with surging manufacturing activity, robust GST collections, and record-high Sensex, alongside a rise in passenger car sales and new export orders from overseas markets, as highlighted by industry experts and economic indicators.

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Corporates embrace more flexibility amidst the hybrid work model

CFO News

About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.

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Integrating climate finance into India's economic blueprint

CFO News

Pradeep S. Mehta, Secretary-General of CUTS International, suggested that India's 2024-25 Budget should include dedicated climate finance institutions through public-private partnerships during a webinar on accelerating private investment in climate finance. Mehta stressed the importance of private sector involvement for a sustainable and resilient future, highlighting the need for collaboration, innovation, and commitment.

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This festive season, mission is possible: Companies to stockpile weapons of mass consumption

CFO News

Manufacturers are gearing up for a surge in demand, anticipating a boost in sales for smartphones, refrigerators, wearables, and two-wheelers during the upcoming festive season. The industry is optimistic about growth, especially in rural India, with expectations of exceeding previous sales records.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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CXO-level shifts rearrange top deck at Indian startups

CFO News

The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.

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No guarantee: Jaiprakash Associates recovery may be hard for creditors

CFO News

Bankers said guarantees by chairman Gaur and vice chairman Sunil Kumar Sharma totalling close to Rs 800 crore are of little consequence after nearly seven years since the company was first referred to bankruptcy by the Reserve Bank of India (RBI) in 2017 among the 26 large defaulters of bank loans during that period.

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GST collection grew 12% YoY at Rs 1.61 lakh crore in June: Finance Ministry

CFO News

GST Collection: This was the fourth successive month that GST revenues have been over Rs 1.6 lakh crore mark.

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Budget 2024: Will Modi govt go ahead and cut corporate tax?

CFO News

Tax collections, both direct and indirect, during 2023-24 surpassed, or at least met, the govt's targets. In view of the govt's comfortable fiscal position, various quarters are expecting that a cut in corporate tax rates could be likely.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.