Thu.Dec 14, 2023

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Small businesses limp toward 2024 with gloomier outlook, surveys show

CFO Dive

Confidence among CEOs and economists in the prospects for the economy is not shared by small businesses.

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A Concise Guide to Lean Manufacturing Inventory Management

Navigator SAP

Lean inventory makes erp for the manufacturing industry more efficient. And that reduces costs. The core idea of lean inventory management is a simple one that is broadly and well known by businesses today: continually focus on eliminating waste and inefficiency for better operations and profits. The concept of lean processes was first popularized by Taichii Onho and Shigeo Shingo at Toyota, who developed the Toyota Production System that itself drew inspiration from interchangeable parts pionee

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Trending Sources

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3 tips for SEC cyber rule stragglers

CFO Dive

With breach reporting enforcement set to begin in just days, stragglers should be treating readiness as a “super-high priority,” says Deloitte’s Daniel Soo.

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Hero MotoCorp appoints DLF's exec Vivek Anand as new CFO

CFO News

Hero MotoCorp appoints Vivek Anand as CFO, effective March 1, 2024, succeeding Niranjan Gupta, promoted to CEO, with extensive industry experience from DLF across FMCG, Telecom, and Real Estate.

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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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4 accounting takeaways from this week’s FASB congressional hearing

CFO Dive

Lawmakers pressed FASB and PCAOB leaders to explain how they’re approaching regulations in the wake of the recent bank and crypto crises.

More Trending

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New cybersecurity CPA focus shines spotlight on risk for CFOs: Sysdig

CFO Dive

Cybersecurity is landing on the CPA exam at a time when CFOs are facing both an accounting talent shortage and new digital threats.

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Federal Reserve launches a ‘sea change’ of uncertainty

Tips Watch

By David Enna, Tipswatch.com We’ve entered a new era. That’s what Bloomberg’s ever-thoughtful Tom Keene repeated over and over in Wednesday’s coverage of the Federal Reserve’s interest rate forecasts. “This is a sea change,” he said.

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How AI integration can be a strategic asset to CFOs

Future CFO

The integration of artificial intelligence in an organisation's finance function and accounting services has been proven to be a necessary evolution in the way chief financial officers manage and strategise for growth and efficiency. AI solutions serve as the backbone of this evolution, providing CFOs with the tools to deliver more effective Client Advisory Services (CAS).

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Women entrepreneurs need credit boost

CFO News

The other way to read these data points is that many women entrepreneurs would need loans to run their businesses as they grow. But this is the first step. While the number of women entrepreneurs is rising, which is a significant development, the important question is whether they will get credit seamlessly.

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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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Firms in Singapore lack plans for reducing carbon emissions

Future CFO

Firms in Singapore need to produce plans for reducing their carbon emissions, according to a r eport from ACCA, IFAC and PwC. The report—based on a survey of 1,000 senior finance professionals around the world—reveals that 19% of respondents in Singapore have yet to produce plans for reducing their carbon emissions. In addition, 45% of those respondents without an emissions plan say they currently have no intention of developing one, survey results indicated.

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India Inc's capex cycle may move into top gear

CFO News

The capex tracker index of institutional research firm Avendus Spark shows a reading of 342 in June 2023 - the highest in more than 12 years. The index has been consistently rising since December 2020 - when it hit a low of 147. The index assigns weights to private capex announcement (35%), aggregate new order (15%), import of capital goods (10%), and central government capex and state capex (20% each).

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The importance of people potential on organisations' sustainability initiatives

Future CFO

Augmenting people potential to democratise action on sustainability has become one of the more important things to consider as an organisation's finance leader. Among the many technological advancements at present, generative artificial intelligence shifts access to data and insights, giving everyone, individually and collectively, new potential to act on sustainability , according to Ernst & Young.

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No US Fed effect, domestic factors to guide RBI policy

CFO News

The latest US Federal Reserve's statement, signalling three rate cuts next year, is unlikely to change interest rate trajectory in India with the monetary policy committee focussing on domestic factors but could nudge the central bank to revise its stance, say economists.

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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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The Mentoring Round | Mark Seidel, CFO, True Anomaly

CFO Thought Leader

Inside The Mentoring Round, CFO Mark Seidel explains why he believes his controller and he need to have similar ways of thinking and be aligned on the type of information needed to provide effective insights across the business. He recognizes the controller’s role in ensuring timely and accurate data, considering it a key aspect of the organization.

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Hero MotoCorp increases stake in Ather, buys additional shares worth Rs 140 crore

CFO News

In September, the electric scooter maker had raised Rs 900 crore in fresh funding from Hero MotoCorp and GIC. Prior to that, Hero had partially led a $128-million fundraise into Ather in January 2022.

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FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 11/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – Europe 11/2023”. The Monitor is a monthly published overview of venture capital trends in the European. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 11/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE

CFO News

The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal.

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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.

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How a holistic AI approach to sustainability can create value

Future CFO

Artificial intelligence can help financial leaders create the timely insights needed to unlock exponential natural, social and economic value, according to a research by Ernst & Young. For business leaders facing the increasing pace, scale and complexity of change, the challenge becomes one of data and decision-making: How can teams arrive at insight more quickly (context, content and access) to support faster and more responsible decisions?

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Adani Group cash reserves rise 13.7 pc to Rs 45,895 cr

CFO News

Gross debt was almost unchanged at Rs 2.26 lakh crore, but after considering cash reserves, the net debt at Rs 1.80 lakh crore was 3.6 per cent less than Rs 1.87 lakh crore in April-September 2022. The group's flagship incubator Adani Enterprises Ltd and ports unit Adani Ports and Special Economic Zone were top EBITDA earners.

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St. James’s Place selects ION Analytics RMS for its fund due diligence

Reval

Cutting-edge Backstop RMS solution streamlines fund due diligence for enhanced growth and performance. The post St. James’s Place selects ION Analytics RMS for its fund due diligence appeared first on ION.

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Positive hiring trends across all sectors except for IT; attrition also high: Ramani Dathi, Teamlease

CFO News

“Top sectors hiring right now are healthcare, pharma, electric vehicles, infrastructure, power, energy, FMCD, educational services. BFSI has been our top driver for the last few quarters and it will continue to do so. This quarter there is a little sluggishness on BFSI because of RBI caution on unsecured loans and riskier credits. FMCG is also little low.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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How a Data-Driven Approach Can Help You Make the Most of the 2024 Recession

Focus CFO

ITR Economics is forecasting a mild recession for 2024. While many businesses may have started to feel the pressure from the economy slowing down , that does not necessarily mean they are currently in a recession phase. With the wrong information, executives could make wrong business decisions today that could hurt their company more once they officially enter a recession.

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Branded stationary going to do really well; DOMS can comfortably achieve 15.5-16% margins

CFO News

“We have been able to grow a little from 15.4% to 16.7% in H1. But this is coming more from the operational efficiencies point of view. And also a very little from probably I can say, there is an advantage currently where the raw material prices are at most low. This is the advantage we have been able to get in H1.

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2023 Fundraiser | ALS Association

Focus CFO

This year, a beloved friend and long-time FocusCFO associate was diagnosed with ALS, also known as Lou Gehrig's Disease. We dedicated this year's annual fundraiser during our October 2023 All Hands meeting to support the ALS Association and, specifically, ALS research. FocusCFO associates contributed a total of $84,450 to the ALS Association. We are grateful for the compassion and benevolence of our team.

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SAT quashes Sebi order against Jio Financial

CFO News

Sebi had alleged that Reliance Strategic Investments, along with Morgan Stanley France (MSF), had knowingly traded in the puts of strike price 11,400 PE at a discount of 15%, 35% and 37% to the intrinsic value of the put options on July 31, August 8, and August 10, 2017, respectively.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.