Tue.Dec 19, 2023

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AI’s quest to transform corporate finance meets hurdles

CFO Dive

While finance leaders widely view artificial intelligence as a game-changer, some are nervous about the risks of adoption, according to a OneStream poll.

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#FA Success Ep 364: Scaling Marketing To Sell A $2.2B Advisory Firm And Advising Advisors On The Lessons Learned From Selling, With Ted Jenkin

Nerd's Eye View

Welcome everyone! Welcome to the 364th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ted Jenkin. Ted is the founder of JTPD Partners, a consulting firm based in Atlanta, Georgia, that helps financial advisors gather offers, negotiate, and ultimately sell their advisory firms. What's unique about Ted, though, is how his journey to facilitate financial advisor mergers and acquisitions started from selling his own $2.2-billion AUM advisory firm that he spent more

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Firms advised to prepare for tough enforcement of SEC cyber rules

CFO Dive

Effective Monday, public companies other than small reporting businesses will now be required to comply with the SEC’s new breach disclosure mandates.

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Bramasol's 2023 Webinar Hits: A Recap of Top Sessions

Bramasol

In the landscape of business evolution, Bramasol's 2023 webinar series stood out as a hub of transformative insights. Among these impactful sessions, discussions on how Digital Solutions Economy is the next evolution of the Subscription Economy took center stage. These webinars meticulously demystified SAP's Subscription Management Solutions and SAP Event Mesh, uncovering their immense value in managing Subscription Contract lifecycle events.

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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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Manufacturers call out downstream effects of reshoring

CFO Dive

Snarled supply chains led many companies to shift production closer to consumers. Such strategies can have unintended consequences.

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IPOs rise on prospect of Fed interest rate cuts: EY

CFO Dive

High-profile IPOs in September by companies including Arm Holdings and Instacart renewed C-suite and investor interest in the market.

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Augmenting the CFO role with marketing skills

Future CFO

In a bid to impact the organisation and drive change, the chief financial officer (CFO) and their colleagues must become the consummate sales team. As the business world continues to evolve , the power of sales does not reside only in the realm of the company's chief marketing officer. A CFO must develop an organisation adept at communicating, reporting, and analysis, as ideas and feedback must be clearly articulated within the company.

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CFOs must take an ROI-centered approach to global expansion

CFO Dive

To access top talent in new markets, finance chiefs need to keep their focus on value creation and ROI, CFO Simone Nardi advises.

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Fresher hiring by IT cos likely to decline in FY24: Report

CFO News

As major IT companies freeze fresher intake, alternate sectors are opening up demand. Other segments, including Global Capability Centers (GCCs) and non-tech sectors like banking, financial services and insurance (BFSI), communication, media and technology, retail and consumer business, life sciences and healthcare, have expanded entry-level hiring.

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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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Asia Pacific consumers to up spending on discretionary items

Future CFO

Asia Pacific consumers will likely have more to spend on discretionary items in 2024, said Mastercard Economics Institute (MEI) recently. According to MEI’s latest economic outlook, the macro picture is expected to be one of modest growth, largely on par with 2023 levels, as economies continue to stabilise and key drivers of growth, like exports and tourism, edge closer to pre-pandemic norms.

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Hiring activity set to gain pace in 2024: Taggd India report

CFO News

Manufacturing will lead the way with an increase of 25% in hiring intent, underscoring a positive outlook for industrial expansion, while automotive industry will witness a 20% surge in hiring intent, reflective of the sector's anticipation of increased demand, according to the report.

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Cash flow forecasting: The key to future-proofing your business in 2024

Centage

If the last few years have taught us anything, it’s to expect the unexpected. Is your business set up to handle dynamic market conditions? Do you have the resources to adapt? How will you prepare the company for the challenges that have yet to be uncovered? Understanding the financial health of your organization as it stands today and measuring the strength of your cash position is critical.

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Domino’s launches new campaign aimed at GenZ; appoints new CFO

CFO News

JFL also announced the appointment of Suman Hegde as its executive vice president and chief financial officer on Tuesday. Hedge will be moving from Hindustan Unilever in her role as vice president of finance - beauty, wellbeing and personal care, South Asia.

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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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The Best of Bramasol: 2023's Must-Watch Webcasts

Bramasol

Step into the world of knowledge and innovation with Bramasol's top webcasts of 2023. This curated collection showcases the five must-watch sessions that dive deep into evolving industries and cutting-edge technologies. From exploring the Digital Solutions Economy and XaaS in the High-Tech sector to dissecting Event-Based Revenue Recognition, these sessions offer invaluable insights.

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Valuation rule for entry-level bets on e-gaming is prospective: Finance Minister Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman clarified that the valuation rules for imposing a 28% Goods and Services Tax (GST) on entry-level bets on online gaming platforms are prospective in effect. The clarification came during the Lok Sabha discussion on the CGST (Second Amendment) Bill. The GST Council had previously clarified that the 28% GST applies to online gaming, specifically on entry-level bets, with the effective date for amendments set as October 1.

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The Mentoring Round | Christine Chambers, CFO, PetMeds

CFO Thought Leader

Inside The Mentoring Round, CFO Christine Chambers admits that the role of a CFO can be isolating, but it doesn’t have to be. Her advice? Surround yourself with good people and stay curious. CFO CHambers is currently reading “In Her Own Voice” by Jennifer McCullum. She believes in the power of authentic and determined leadership, and this book provides evidence of how well-balanced leadership teams outperform their peers. 960: Understanding What Opportunity Looks Like | Christi

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Tax reforms, elevated capex among steps to turn India into a $5-trillion economy: Finance Ministry

CFO News

The Finance Ministry highlighted various initiatives taken by the Modi government, aimed at propelling India into a $5-trillion economy. These measures include tax reforms, a significant increase in capital spending, and robust public digital infrastructure. The government cited the restructuring of corporate tax rates, the reduction of tax litigation, and the implementation of Goods and Services Tax (GST) as successful direct and indirect tax measures.

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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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Finance leaders' action agenda for sustainability acceleration

Future CFO

Starting the journey of accelerating sustainability with artificial intelligence may be tricky, let alone puzzling at times. AI can help finance leaders close the gap through compounding acceleration of productivity and efficiency gains , and faster innovation. According to Ernst & Young , a key part of this will be the ability to arrive at insight more rapidly, and make faster and more responsible decisions, through Generative AI.

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Sony-Zee merger: Sony yet to agree to a deadline extension to create $10 billion media behemoth

CFO News

Sony has not yet agreed to an extension deadline for its merger with Zee. Eager to hear Zee Entertainment's strategies, Sony anticipates solutions to meet pending closure criteria. Zee's plea for an extension, citing the impending December 21 deadline, prompted Sony's recent statement on the matter.

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Venture Capital Sentiment Tracker – November 2023

Fox Corporate Finance

October 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – November 2023 appeared first on FCF Fox Corporate Finance GmbH.

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Tighter norms for investment by banks in AIFs

CFO News

HFCs could see some pressure to either divest or fully provide for some assets as some of them have investments in AIFs, and those funds have invested in real estate companies. "It may also significantly impact the existing investments from the likes of banks, NBFCs and Sidbi in several AIFs," said Tejesh Chitlangi, Senior Partner, IC Universal Legal.

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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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Zee-Sony Merger: NCLAT refuses to halt mega merger to create media giant

CFO News

NCLAT has declined a stay order on the Zee Entertainment Enterprises Limited (ZEEL) and Sony merger. Zee's shares surged, hitting Rs 286.50, rising 1.6% on BSE Sensex at 70,980. The National Company Law Appellate Tribunal (NCLAT) issued a notice for a hearing on January 8 regarding the challenge against the merger by IDBI Bank and Axis Finance, objecting to the NCLT's August 10, 2023, approval order.

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Ford drives out of deal to sell Tamil Nadu plant to JSW

CFO News

The decision fuelled speculation that the US company may be considering a re-entry into the world’s third auto largest market after exiting over two years ago. The company’s Maraimalai Nagar-based plant has been on the block after Ford got out of India amid mounting losses and the slowdown that gripped the passenger vehicle market after the Covid-19 pandemic in September 2021.

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RIL pays Rs 254 cr to Metro for using its brand name in India

CFO News

Last December, Reliance Retail Ventures, a unit of RIL, bought Metro Cash & Carry India for a total cash consideration of ₹2,850 crore. The deal included all 31 wholesale stores and the entire real estate portfolio of six store locations. The sale was completed in May 2023.

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Delhi HC orders CBI & DRI to investigate allegations of over-invoicing by companies including Adani, Essar Groups

CFO News

Delhi High Court on Tuesday directed the CBI and DRI to meticulously and expeditiously look into the allegations of over invoicing of coal imports and equipment by several companies, including Adani Group and Essar Group, and take action in accordance with law.

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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.