Tue.Oct 22, 2024

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Treasury Turns To Banks For Technology

Global Finance

A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services. Treasuries’ top challenge is securing financial investments focused on environmental, social and governance (ESG) concerns. Matt Cox, EY Global Commercial and Commercial Banking Leader, says that while expecting an ESG retracement, the opposite was true, as participants around the globe all thought bankin

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CFOs key to effective AI change management: ShareFile

CFO Dive

Isolating the technology’s “tangible value” is key to executing a successful, cost-effective AI strategy, ShareFile’s David Le Strat said.

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Trending Sources

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Industry Calls For Data-Sharing Framework To Enhance Security

Global Finance

A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. As CFOs navigate an increasingly complex and interconnected world, understanding how to leverage data effectively can be a game-changer in mitigating risks and safeguarding financial institutions.

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FASB advances credit loss accounting relief for private firms

CFO Dive

The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing deteriorating asset values.

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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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Members Spotlight: Engela van Loggerenberg

CFO Talks

Members Spotlight: Engela van Loggerenberg At CFO Club Africa, we take pride in sharing the stories and achievements of our members through a dedicated profile series. These profiles spotlight the journeys, expertise, and personal insights of CFOs and finance leaders who are making a real impact in their organizations and the finance industry. Each story offers a blend of professional expertise and personal experiences, providing inspiration for those on their own career paths.

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Deciphering TreasuryDirect’s mysterious gift-box email

Tips Watch

By David Enna, Tipswatch.com TreasuryDirect this week began sending out emails to investors holding U.S. Series I Savings Bonds in gift boxes, suggesting that these bonds should be delivered “as soon as possible.

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Microsoft ups finance automation game with ‘AI agents’

CFO Dive

The announcement reflects a growing trend in which Microsoft and other tech vendors are promising the next stage in generative AI applications.

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At Sibos, Central Bankers Tout Wider Adoption Of CBDCs

Global Finance

Central bank leaders on Tuesday discussed the evolving landscape of Central Bank Digital Currencies (CBDC) at the Sibos conference in Beijing. Representatives from China, the Bahamas, Kazakhstan and Europe each addressed the nuances of this burgeoning subgroup of the financial technology sector, according to Finextra. The big takeaway: A more complete ecosystem is needed for widespread adoption of CBDCs to become a reality.

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HSBC names first woman CFO amid restructuring

CFO Dive

The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.

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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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Revenue vs profit: What’s the difference?

Cube Software

Key takeaways Revenue is the total income your customers generate before subtracting any costs. Profit is what’s left after deducting all business expenses like production costs, employee wages, and other operational fees. Investors and stakeholders typically look at profit (vs revenue) to determine whether a company is sustainable in the long run. Key differences between revenue vs. profit Revenue and profit aren’t interchangeable.

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SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure

CFO Dive

The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.

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Ethical leadership for accountants

Future CFO

Helen Brand , chief executive at the Association of Chartered Certified Accountants talks on ethical leadership, emphasising the value professional accountants play in this very changed world that is going to require different business strategies, skills and capabilities, as well as the opportunity and necessity of doing things differently. First published on Youtube.

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How Isabelle Winkles Built a CFO Career Toolkit | Finance Leadership Insights

CFO Thought Leader

Inside The Mentoring Round , Isabelle Winkles, CFO of Braze, reflects on her deliberate and evolving path to becoming a CFO. From her early career as an investment banker to 18 years at Morgan Stanley, Winkles emphasizes the importance of building a diverse finance toolkit through roles in corporate FP&A, treasury, and equity research. She discusses the value of taking strategic career pivots, gaining hands-on exposure, and learning from experienced mentors like Ruth Porat.

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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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#FASuccess Ep 408: Merging Into A Mid-Sized Firm To Grow Something Together (And Have A Real Piece Of It), With Maddi Keegan

Nerd's Eye View

Welcome everyone! Welcome to the 408th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Maddi Keegan. Maddi is a Financial Advisor and the Director of Operations of Frazier Financial Advisors, an RIA based in Columbus, Ohio that oversees $860M in assets under management for 650 client households. What's unique about Maddi, though, is that after building a successful solo advisory firm, she then decided to merge her business with Frazier Financial Advisors, a mid-

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Balancing Risk and Reward

CFO Talks

Balancing Risk and Reward As a CFO, one of your primary responsibilities is to balance the fine line between risk and reward. It’s a delicate dance that requires strategic thinking, informed decision-making, and the ability to forecast future outcomes. In South Africa, where economic volatility and regulatory changes are frequent, understanding how to manage risk without sacrificing potential rewards is essential for your business’s success.

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India wouldn't be fastest-growing economy if people hadn't utilised digital infrastructure: Nirmala Sitharaman

CFO News

India's Finance Minister Nirmala Sitharaman emphasized digital infrastructure's role in India's rapid economic growth. Addressing Wharton Business School, she noted that free digital access and local language campaigns enabled technological adaptability, driving growth. India's digital governance, especially through Digital Public Infrastructure, has transformed access to essential services, positioning the nation as a leader in digital transformation.

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 09/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 09/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 09/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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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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HSBC announces Pam Kaur as first female CFO

CFO News

​​This development comes as Georges Elhedery, the former CFO became CEO earlier this year. Kaur Joined HSBC in 2013 and her career spans serving several financial institutions, including Deutsche Bank, where she served as Global Head of Group Audit, and Royal Bank of Scotland, where she held dual roles as CFO and COO of its Restructuring and Risk Division.

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India likely to grow at 7.2 pc in FY25: RBI deputy governor

CFO News

Patra said that since independence in 1947, India's growth path has undergone three structural shifts with trend growth, having risen to 7 per cent during 2002-2019.

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Manufacturing, urbanisation key players for India to become developed economy by 2047: Amitabh Kant

CFO News

"Our manufacturing has to grow by 16 times. It has to fire on all cylinders. We have to become a manufacturing nation," Kant told IANS at the Kasauli Literary Festival.

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Ambani’s Jio in Talks with Allianz for insurance JVs in India

CFO News

Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.

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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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ICAI disciplinary action: 205 CAs penalized, but questions on nature of indiscipline, transparency remain

CFO News

Between April 2023 and June 2024, the ICAI held 188 meetings, addressing over 600 cases of professional misconduct and awarding 205 punishments. This highlights a significant increase in proactive disciplinary action. Experts note that while progress has been made, there is a need for clarity regarding the nature of indiscipline, the issues identified, and the quantum of penal or other actions taken.

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RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil

CFO News

The RBI's recent notification urging lenders to revise their gold loan practices may temporarily slow loan growth and increase asset quality stress, Crisil reports. Issues highlighted include improper monitoring of loan-to-value ratios and asset classification. Compliance may affect loan disbursements and taper growth for banks and NBFCs in the near term.

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RBI's platform bridges India’s $600 billion gap for smaller firms

CFO News

Indian engineering firm BTL EPC Ltd has seen revenues double and reduced funding costs by 2.5 percentage points through the RBI-backed Trade Receivables Discounting System (TReDS). The platform aids MSMEs in accessing quicker and cheaper capital, reducing working capital credit gaps significantly.

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Bharti Airtel gets CCI nod to increase stake in Indus Tower to over 50 pc

CFO News

The Competition Commission of India (CCI) approves Bharti Airtel's stake increase in Indus Towers to 50.005 percent following share buyback. Additionally, CCI approves CVC Capital Partners' acquisition of a 26.47 percent stake in Aavas Financiers, triggering a mandatory open offer under SEBI regulations.

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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.