Tue.May 21, 2024

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Ballooning AI budgets expected to face ROI pressure

CFO Dive

As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.

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Webinar- Learn About Powerful New Features In Subscription Billing from SAP Development

Bramasol

Join Bramasol’s John Froelich along with David Eastlund, Christian Ilmberger, and Boris Aljancic from SAP’s Development team to learn more about how powerful new features such as multi-currency and early billing that extend the power of SAP’s premier cloud Order to Cash solution, Subscription Billing. Along with a deep dive into how these new features work, the panel will address best practices for implementing them smoothly into your overall end-to-end, quote-to-cash to compliance landscape.

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Trending Sources

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Shadow IT surge threatens corporate data: report

CFO Dive

OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.

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Raízen, the global powerhouse in sugar and biofuels production, selects ION’s TriplePoint for its strategic digital evolution

Reval

London – 22 May 2024: ION Commodities, a global leader in energy and. The post Raízen, the global powerhouse in sugar and biofuels production, selects ION’s TriplePoint for its strategic digital evolution appeared first on ION.

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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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Getting employees ahead of the AI learning curve: Tipalti CFO

CFO Dive

Leaders need to ensure they’re offering opportunities for employees to experiment with AI before the technology is ready for “prime time,” CFO Sarah Spoja said.

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More Trending

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More small companies willing to distort books to hide corruption: ACCA

CFO Dive

The U.S. has made little progress combating corruption since 2021, according to Transparency International.

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Leveraging the power of GenAI in Finance

Future CFO

Chris Ortega , CEO, Fresh FP&A , David Pereles , managing director at Accenture , and Tom Chelednik, GVP - head of solution management for data management, planning & analysis at SAP discuss the impact of generative artificial intelligence on the Finance function. The post Leveraging the power of GenAI in Finance appeared first on FutureCFO.

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GDP likely expanded 6.8% in Q4; FY24 print may hit 7.8%

CFO News

The strong March quarter print could lift overall gross domestic product (GDP) growth for the full fiscal year to 7.8% against 7.6% assessed in the government's first advance estimates released in February. The International Monetary Fund (IMF) has also forecast 7.8% growth for FY24. The government will release fourth-quarter growth numbers and provisional GDP data for FY24 on May 31.

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Maxio vs NetSuite: Who’s Best for Subscription Billing?

Driven Insights

Your SaaS business is gaining traction and you’re outgrowing the basic accounting software that’s gotten you this far. With recurring and non-recurring revenue streams, varying contract terms, and higher volume, revenue recognition has become a real challenge.

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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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Flipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million

CFO News

US-registered Razorpay is quickening plans to shift its domicile to India. For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company.

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Git Integration and 4 Other Cool Microsoft Fabric April 2024 Updates

Collectiv

We are fresh off the Fabric Community Conference (FabCon) , so we’re pretty fired up about all the exciting updates with Microsoft Fabric. During our conversations with other industry experts, we noticed plenty of excitement for how Fabric is transforming the data industry…but also plenty of confusion. With so many updates coming out every month, it can be hard to keep track and even harder to know how these new capabilities fit into your workflow.

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Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey

CFO News

Cash Flow Struggles: On access to finance, the survey revealed that 42% of respondents said it was easy to seek funds in 2023, a sharp decline from 69% in 2022.

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#FA Success Ep 386: Turning Impostor Syndrome Anxiety Into A Strength That Drives Client Referrals, With Dann Ryan

Nerd's Eye View

Welcome everyone! Welcome to the 386th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Dann Ryan. Dann is a Managing Partner of Sincerus Advisory, an RIA based in New York City, that oversees approximately $165 million in assets under management for nearly 150 client households. What's unique about Dann, though, is how he has channeled the anxiety of having imposter syndrome, which still causes him to be nervous before every client meeting (despite having 17 yea

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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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Welspun World appoints G R Arun Kumar as Group Chief Financial Officer

CFO News

G R Arun Kumar brings nearly three decades of experience from global and Indian multinationals such as Ola, Vedanta, General Electric (GE), and Hindustan Unilever. He has demonstrated expertise in finance and strategy, managing business growth and turnaround, overseeing large-scale debt and equity capital market transactions, governance, reporting, compliance, operations & organisation building.

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CFOs must get ahead of AI enterprise benefits, Gartner says

Future CFO

Chief financial officers must be on top of the game in dealing with today's technological advancements, which include artificial intelligence , of course. Gartner says investments in AI are at all-time high with the market set to double to US$300 billion by 2027, but CFOs adopting the technology are unlikely to realise the anticipated enterprise benefits unless they mitigate four common stalls that hinder AI adoption.

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India Inc raises record debt capital in FY24

CFO News

India Inc raised more debt capital in FY24 compared to the previous fiscal, with increased interest from both local and overseas investors in Indian companies. According to the Reserve Bank of India's state of the economy report, bond issuances during 2023-24 grew by about 15% to Rs 8.6 lakh crore. Additionally, corporations received higher funds through external commercial borrowings in FY24, with registrations, disbursements, and net inflows substantially higher than FY23 levels.

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The Mentoring Round | Julien Lafouge, CFO, Spendesk

CFO Thought Leader

1001: Building Teams and Breaking Boundaries | Julien Lafouge, CFO, Spendesk The post The Mentoring Round | Julien Lafouge, CFO, Spendesk appeared first on CFO THOUGHT LEADER.

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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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Zee shelled out Rs 432 crore on failed merger with Sony unit

CFO News

Zee Entertainment faced significant merger-related costs due to a failed deal with Culver Max Entertainment. The company also dealt with impairment charges, headcount reduction, arbitration cases, and demands for termination fees and compensation for damages.

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Transcript: Savita Subramanian

Barry Ritholtz

The transcript from this week’s, MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America , 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. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio Barry Ritholtz : On this week’s podcast.

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Private capex in India to pick up in H2 of FY25; hotel, tourism to drive investment: Kotak Bank Chief Economist

CFO News

Private sector investment is set to increase in the latter half of the fiscal year, particularly in sectors like hotels and tourism, following extensive government-led infrastructure development efforts. The government's enhanced capital expenditure has supported economic growth post-Covid, with private sector capex expected to rise significantly in the coming months.

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JSW Cement to invest Rs 3,000 cr to set up manufacturing facility in Nagaur, Rajasthan

CFO News

JSW Cement plans to invest around Rs 3,000 crore to establish a cement manufacturing facility in the Nagaur district of Rajasthan. The greenfield facility will include a clinkerization unit and a grinding unit, with an 18 MW waste heat recovery-based power generation system. The investment is expected to create over 1,000 job opportunities and includes a 7-km overland belt conveyor for transporting limestone from mines to the plant.

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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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FSIB defers interview for SBI chairman's position

CFO News

FSIB defers SBI Chairman selection interview for unknown reasons. New date post new government formation after June 4 to replace Dinesh Khara, retiring on August 28. FSIB recommends candidate, final decision by Appointments Committee of the Cabinet led by PM Narendra Modi. Selection panel includes former DoPT secretary Bhanu Pratap Sharma, Animesh Chauhan, Deepak Singhal, and Shailendra Bhandari.

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India's global travel & tourism index rank up at 39th: WEF index

CFO News

India's rank on the WEF's travel & tourism development index 2024 has improved to 39th place, with global tourism activities returning to pre-pandemic levels. India is ranked highest in South Asia and among the lower-middle-income economies, even though the US topped the list. Spain, Japan, France, and Australia are ranked among the top five countries in the 2024 list.

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IREDA may float FPO this FY

CFO News

Separately, in March, the lender's board had approved a proposal of Rs 24,200-crore borrowing for 2024-25. The amount will be raised through taxable bonds, green taxable bonds, perpetual debt instruments, green masala bonds, green foreign currency bonds and external commercial borrowings, among others.

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Sebi amends rule to facilitate ease of doing biz for cos planning IPOs

CFO News

Rules mandate at least 20% of promoters’ shares to be locked in for a certain period of time post-listing after an IPO. This relaxation will help new-age technology companies as founders’ shareholding comes down usually after an IPO. Non-promoter shareholders excluding individuals holding more than 5% of the post-offer equity share capital can contribute towards the shortfall, Sebi said.

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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.