Fri.Jan 26, 2024

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Archer Daniels Midland investor sues firm, CEO, CFO, ex-CFO

CFO Dive

The proposed class action alleges ADM and top executives concealed the true financial picture of the agricultural giant’s nutrition business.

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Industrial Manufacturing Solutions: Achieve Cost-Effective Transformation

Navigator SAP

Environmental, social, and competitive trends challenge industrial manufacturers today. While making things still is at the heart of industrial manufacturing, the complexity has increased. Industrial manufacturers need to evolve.

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Superdry CFO to depart as UK retailer warns of rough market conditions

CFO Dive

The departure marks the fourth finance chief to leave the troubled retailer in a half-decade.

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Weekend Reading For Financial Planners (January 27-28)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news of a survey indicating that about 90% of financial advisors would switch firms based on bad technology at their current firm, and that 44% have already done so. The survey also suggests that a firm's tech stack can affect its ability to attract and retain clients, with 93% of advisors who said they work with state-of-the-art technology reporting that they have added new c

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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What’s behind SAP’s massive restructuring push?

CFO Dive

“Cloud is the big elephant in the room for SAP,” Forrester VP and Principal Analyst Liz Herbert said.

More Trending

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Over 40,000 compliances eliminated or simplified: Piyush Goyal

CFO News

“We have made a focused effort to reduce the compliance burden with over 40,000 different compliances across the country either being eliminated or certainly simplified,” Goyal said in an interaction with innovators and entrepreneurs.

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Business Strategies: Choosing the Right KPIs for Your Small Business

CFO Share

Key Performance Indicators (KPIs) are crucial tools for any business, offering fast insights into performance and guiding business management. But choosing the right KPIs from the ocean of available metrics may feel overwhelming or confusing. How do you find THE RIGHT KPI and avoid biased or misleading metrics? This is our step-by-step approach on how to select KPIs for small businesses, with a focus on how they reflect your unique business strategies.

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Not just FAME, EV industry wants FM Sitharaman to do these changes in Budget Bahi Khata

CFO News

The Indian electric vehicle industry seeks government support through initiatives such as the extension and enhancement of the FAME scheme, GST parity for EV batteries, and financial incentives including tax credits, subsidies, and low-interest loans. Industry players emphasize the importance of these measures in promoting a sustainable and eco-friendly future, incentivizing consumers, boosting industry growth, and stimulating innovation and job creation.

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How do The Best CFOs Use Machine Learning?

CFO Selections

With all the buzz around generative AI in business, many finance professionals are eagerly waiting to see what the future will hold for AI usage in accounting and finance. Overall, the sentiment seems to be positive, although many are taking a more cautious approach as they wait to see where and how it will be utilized. But while AI integration is still in its early days for most small to mid-sized businesses, companies of all sizes across all industries have been benefiting from Machine Learnin

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Govt seeks ideas to push AI-driven e-governance

CFO News

The Department of Administrative Reforms and Public Grievances (DARPG) recently brainstormed with nearly 15 domain experts from EY to PwC to stay in step with sweeping technology shifts and plan future public service delivery models using AI.

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Proactive Measures for Data Security and Protection

Commercial Credit Group

Businesses often hear about data privacy and security, yet it's not until they encounter problems firsthand that the adage "hindsight is 20/20" truly resonates. A study conducted by Corvus Insurance in 2022, revealed a startling fact: forty-three percent of all cyberattacks are now directed at small businesses. This statistic serves as a glaring reminder of the urgent necessity for robust data protection strategies to mitigate the escalating vulnerability posed by cyber threats.

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CPSEs told to boost interaction with investors, analysts

CFO News

The finance ministry has asked central public sector enterprises (CPSEs) to bolster engagement with market participants, including big investors and analysts, to better communicate their growth plans. This move comes as the government reviews its disinvestment strategy, which is hindered by market uncertainties, litigations, and resistance from employees.

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Transforming accounts payable operations through AI

Future CFO

Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments. The technological advancement provides more than just automation and reshapes roles, empowering finance teams to zero in on strategic activities like data analysis, supplier negotiations, and decision-making. The outcome is boosted efficiency, increased accuracy, cost reduction, and stronger supplier relationships—a game-changer in Accounts Payable that allows finance leaders

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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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US Fed's favored inflation gauge cools, near 3-year lows ahead of rate decision

CFO News

In December, a key inflation indicator monitored by the Federal Reserve exhibited a further decline, suggesting a reining in of price hikes amid sustained economic growth and a robust job market. Notably positive, a significant metric of price increases dropped below 3% for the first time since early 2021.

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vcfo Denver Team Welcomes Miranda Murphy

VCFO

Miranda Murphy is an accomplished HR partner with eight years of experience establishing business relationships and managing an array of HR responsibilities. She has expertise in HR policy development, compensation and benefits, employee relations, and compliance, as well as assessing business needs and implementing solutions. Miranda’s HR career began at CH2M Hill, handling HR, benefits, and payroll transactions.

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Budget 2024: 'After PLI, jobs-linked schemes need of the hour'

CFO News

Interim Budget: Experts suggest that the government should introduce employment-linked incentives in the upcoming interim budget to promote job creation and formalization. They recommend providing tax breaks or subsidies to small and medium-sized enterprises (SMEs) for hiring workers from marginalized communities to address social inequality.

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SpiceJet completes raising of Rs 744 crore as part of fundraising plan

CFO News

Low-cost airline SpiceJet completes Rs 744 crore refinancing plan with the allotment of equity shares and warrants on a preferential basis. The airline seeks additional time from regulators to complete the remaining funding tranche due to limited banking days during long weekends.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Ola founder Bhavish Aggarwal's Krutrim AI turns unicorn with $50 million funding from Matrix, others

CFO News

Krutrim Ai Unicorn: This is the first equity round in the firm. In October last year, Krutrim had raised $24 million in debt from Matrix Partners.

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Coming Soon: One format for data submission for banks to credit information companies

CFO News

At present, each lender has its own format, which leads to data variation, an issue flagged by the banking regulator, leading to a rise in cases of customers facing denial of loan or reduction in credit limit. "We are working on a common format," said a bank executive familiar with the development.

Banking 52
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Demand for Fed funding tool hits record before rate hike

CFO News

Borrowing from the Federal Reserve's emergency lending program, the Bank Term Funding Program (BTFP), reached a record high of $167.8 billion. Demand for the program increased by $6.3 billion in the week leading up to January 24. The BTFP's interest rate had fallen below the rate at which institutions could earn money by parking reserves at the Fed, leading to an arbitrage trade.

Banking 52
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Mission Ready: Cos scale up hiring of ex-service personnel

CFO News

Hiring of veterans is picking up pace across India Inc as companies focused on diversity intensify efforts to identify, train and onboard ex-servicemen, recognising the value they bring to the table. Skills such as leadership, teamwork, integrity, risk management, and problem-solving, which are intrinsic to armed forces officers, are prized by companies including Flipkart, Vedanta, IBM, JPMorgan Chase, GE Aerospace, Marsh McLennan Global Capability Centre, and Optum.

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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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Adani Power board appoints Dilip Kumar Jha as CFO

CFO News

Jha, presently serving as Head (Finance & Accounts) within Adani Portfolio of Companies, will assume the role of Chief Financial Officer (a Key Managerial Personnel, categorised as Senior Management Personnel), commencing from April 1, 2024, it stated.

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