Mon.Jan 27, 2025

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Culture, tech key to accounting talent retention: Wolters Kluwer

CFO Dive

A supportive, tech-forward work culture can help retain younger entrants to the accounting profession, Wolters Kluwer’s Dean Sonderegger said.

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1066: How Language Barriers and Data Shortfalls Propelled a Life in Numbers | Cosmin Pitigoi, CFO, Flywire

CFO Thought Leader

Arriving at a high school in Cape Town, South Africa, without speaking English, Cosmin Pitigoi faced an immediate communication challenge. Yet he refused to be deterred, immersing himself in language studies and expanding his vocabulary so he could thrive in the classroom. Years later, that same resolve reemerged in eBays IR function, where Pitigoi realized the company’s available data was falling short in communicating the breadth of eBay’s story.

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Tech execs grapple with budget sinkholes as AI drives up spend

CFO Dive

Unpredictable cloud bills, outdated software licenses and shadow IT frustrate FinOps efforts, according to Apptio.

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Transcript: Mike Freno, Barings Chairman and CEO

Barry Ritholtz

The transcript from this weeks, MiB: Mike Freno, Barings Chairman and CEO , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Bloomberg Audio Studios, podcasts, radio News. This is Masters in business with Barry Ritholtz on Bloomberg Radio Barry Ritholtz : This week on the podcast.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Automation Strategies, Costs, And ROI: How I Leveraged Zapier To Streamline Lead Management

Nerd's Eye View

Operating a financial advisory firm often requires managing large amounts of data, from prospective client contact details to current clients' investment performance, which can create bottlenecks as advisory firms scale and their data systems multiply. The process can be particularly time-consuming when data is stored across multiple systems (or, worse, on paper) and must be manually transferred between software programs, such as scheduling tools and CRMs.

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Ep 3: Building Networks, Managing Cash, Embracing Diversity

CFO Thought Leader

In our conversation with Karen Williams, CFO of American Express Global Business Travel lobal Business Travel, we learn how she navigated the leap from a family-owned businesse to a major corporation. She shares the critical lessons she gained about building relationships and networks, especially as an introvert, and how perseverance fuels career acceleration overall.

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Navigating Financial Decisions in a Fast-Paced Business World

CFO Plans

Start Optimizing Your Financial Strategy Now to navigate today’s whirlwind business environment with confidence. Financial decisions can feel like a complex maze for business owners. The challenge of determining where to focus financial resources for maximum ROI is akin to solving a puzzle. However, by honing in on key revenue drivers and employing strategic financial management, businesses can unlock significant growth and profitability.

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The ‘Lego’ Approach to Data: Flywire CFO Discusses AI Strategy

CFO Thought Leader

Inside The Mentoring Round, Flywire CFO Cosmin Pitigoi emphasizes the critical importance of well-structured data in leveraging AI effectively. He compares unstructured data to a “big bucket of Lego,” highlighting that without proper organization and clear definitionssuch as what constitutes a customerAI models may fail to provide meaningful insights.

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Budget 2025: India Inc seeks GST overhaul: simplified rates, digital tools, and compliance ease

CFO News

With Union Budget 2025 on the horizon, will the government finally address the complexities of the GST system? Experts are urging reforms, including a simplified tax structure, enhanced digital tools for compliance, and the operationalization of the GST Appellate Tribunal to boost economic efficiency.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs

CFO Talks

David Wray: Navigating ESG, Sustainability, and the Evolving Role of CFOs In a recent CFO Club podcast episode, Nicolas van Wyk had an insightful discussion with David Wray, a seasoned CFO and expert on ESG (Environmental, Social, and Governance). David shared his unique perspectives on the evolving demands of the CFO role, sustainability, and global standards, offering invaluable advice to financial leaders.

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Movate appoints Jay Sahal as CFO

CFO News

Jay Sahal: Sahal will take over from Ramaseshan K as CFO. Sahal previously served as CFO at Yellow.ai.

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5 CFO tips for tariff scenario planning

CFO Dive

Pulling forward purchases from Mexico and Canada is one of the ways that finance leaders can mitigate the impact of tariffs that are expected to be imposed next month, KPMG’s Andrew Siciliano said.

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Modi govt said to ditch privatisation plans, pour billions in state-run firms

CFO News

Indian Prime Minister Modi is investing billions in struggling state-run firms, diverting from prior privatisation plans. Notable investments include a $1.3 billion plan for steel producer Rashtriya Ispat Nigam Ltd and a $230-$350 million infusion for helicopter operator Pawan Hans. The privatisation slowdown is partly driven by political pressures and expectations that some firms can be made profitable.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Wage growth indicator falls to lowest level since April 2021: NABE

CFO Dive

Business economists identified lack of clarity over the implementation of Trump administration policies as the top short-term risk to the outlook.

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India tax authorities conduct searches at IIFL group companies, sources say

CFO News

IIFL-TAX-India tax authorities conduct searches at IIFL group companies, sources say

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: The World Is Getting Riskier. Americans Dont Want to Pay for It. California is a microcosm of what happens when insurance breaks down: Either households face potential ruin, or the public is handed a financial time bomb. ( Wall Street Journal ) 7 charts that explain why Americans are unhappy with the economy : Some statistics illustrate why Americans still feel crunched even though traditional metrics make economic conditions seem strong.( Washington Po

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India's smallcap index plunges 20% from September high

CFO News

The NSE Nifty Smallcap 250 Index was on course to enter a bear market after losing more than 3% early in Tuesdays session. It sank 3.7% on Monday. Small- and mid-cap stocks seem to be bearing the brunt of the latest slide as risk-off moves deepen.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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World’s richest people lose $108 billion after DeepSeek selloff

CFO News

Tech-sector titans as a group saw $94 billion of wealth evaporate roughly 85% of the Bloomberg indexs total decline. The Nasdaq Composite Index fell 3.1%, and the S&P 500 dropped 1.5%.

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Local & Vocal: FIs may soon hold more stake than FPIs in India Inc

CFO News

Foreign portfolio investors (FPIs) sold shares worth 1.51 lakh crore during the December quarter and another 67,000 crore since January 1. A basis point is a hundredth of a percentage point.

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India reviews support to Maldives as Male's China FTA comes into force

CFO News

India is reconsidering its financial aid to the Maldives after the island nation implemented a free trade agreement with China, leading to potential revenue losses. India's previous support helped stabilize the Maldivian economy. However, future aid hinges on transparency regarding the Maldives' debt exposure and economic reforms by President Mohamed Muizzu.

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RBI dissolves Aviom Housing board, to initiate IBC process

CFO News

The regulator has appointed Ram Kumar, a former chief general manager at Punjab National Bank, as the Administrator. The regulator also plans to apply to the National Company Law Tribunal (NCLT), New Delhi, to appoint the Administrator as the Insolvency Resolution Professional.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Rupee and dollar movement to keep IT margins on edge

CFO News

The rupee's recent depreciation against the US dollar has boosted Indian IT companies' profitability in Q3 2024. However, the unpredictable movement of other currencies like the euro and pound, coupled with rising operational costs and visa challenges, pose significant risks. While a weaker rupee offers short-term gains, it also complicates hedging strategies and long-term planning.

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Budget 2025: Tech industry pushes for deeptech funding and safe harbour reforms and more

CFO News

As the Union Budget 2025 approaches, Nasscom urges the creation of a central deeptech fund and changes to safe harbour rules to support tech innovation. Additionally, they propose extending ESOP tax payment deferments to all DPIIT-recognized startups, enhancing benefits for eligible employees.

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Budget 2025: Can Sitharaman make gold more affordable for the middle class?

CFO News

Union Budget 2025: Jewellers and bullion dealers urge Finance Minister Nirmala Sitharaman to facilitate gold purchases via EMI for the middle class, allocate funds for artisan upskilling, and appoint a single regulator for the gold market. They also seek reduced import duties and tax rates to boost the sector's growth and support job creation and exports.

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Godrej Enterprises Group to invest over Rs 1,200 cr on digital solutions, tech platforms

CFO News

Godrej Enterprises Group will invest over Rs 1,200 crore in digital solutions and AI technologies over the next three to five years to enhance customer experience and organizational capabilities. The company aims to offer a unified customer experience, expand its e-commerce presence, and provide extensive skills training to employees, ensuring continuous growth and development.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic