Fri.Oct 11, 2024

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From Legacy to Leadership: The Imperative of ERP Modernization

Navigator SAP

Upgrading to a modern ERP system can enhance efficiency, decision-making, and innovation. However, outdated ERP systems can hinder growth due to inefficiencies, scalability limitations, integration issues, security risks, and an inability to support innovation. While modernization involves risks like data loss and disruption, the benefits, including improved operations, real-time insights, and scalability, outweigh the challenges.

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5 tips for businesses filing hurricane-related insurance claims

CFO Dive

With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.

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Understanding Templated Integrations for SAP S/4HANA Cloud Public Edition

Navigator SAP

The power of ERP comes from it being an end-to-end business solution that houses all of a company’s data and its ability to make this data both visible and actionable across applications.

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SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India

CFO Dive

The SEC and Justice Department filed 21 enforcement actions last year alleging violations of the Foreign Corrupt Practices Act.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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World’s Best Banks 2024: Global Winners

Global Finance

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Despite this, select financial institutions have threaded the needle and delivered stellar performances to their clients and shareholders over the past year.

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Weekend Reading For Financial Planners (October 12–13)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a CFP Board ad campaign promoting a career in financial planning to high school and college students sparked an uproar in the planning community, as some advisors questioned whether the messages being sent in the ads – in particular, certain static ads that did not provide as much context into the messaging as a series of 15-second video ads – realistically rep

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Stellantis CFO to step down in shakeup at beleaguered automaker

CFO Dive

The CFO swap comes amid criticism for company leadership due to declining sales, with the Jeep operator also facing a potential strike by U.S. workers.

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Startup funding drops 37% on year to $103 million this week

CFO News

This week, startups, across seed, early and late-stage rounds, raised funds through 21 deals, compared to 29 deals in the year-ago period, when they raised a total of $163 million, according to data from Tracxn.

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MiB: Joe Lonsdale of 8VC, Palantir, Adapar & Opto

Barry Ritholtz

Live from FutureProof in Huntington Beach, California, Barry Ritholtz speaks with Joe Lonsdale of 8VC. Previously, he co-founded Palantir Technologies , founded Adapar , a wealth management platform, and Opto , a private market investment platform. In this episode, Lonsdale discusses the importance of technology in various sectors, the need for innovation in defense, and the potential of AI to transform the services industry.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Indian pharma, electronics industries poised to gain from US investment restrictions in China

CFO News

Highlighting that global companies will continue to divert investments from China to other parts of Asia Pacific (APAC) and the rest of the world, it said: "Asean and India could be attractive because they are receptive to foreign investments and their manufacturing competitiveness is increasing"

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Relentless Service: Q&A With CIBC Mellon CEO Mal Cullen

Global Finance

Mal Cullen, CEO of CIBC Mellon, speaks to Global Finance about changes within the sub-custody space. Global Finance: How does CIBC Mellon distinguish itself from the competition? Mal Cullen: At CIBC Mellon, we pride ourselves on a relentless focus on client service, innovative technology and operational excellence. Our unique position as a Canadian leader backed by the global strength of BNY allows us to offer our clients a combination of local expertise and global capabilities.

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Ratan Tata's half brother Noel Tata steps up as chairman of Tata Trusts

CFO News

Already a trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, entities that together hold a 66% stake in Tata Sons, Noel Tata brings decades of experience within the Tata Group to his new role. He currently holds chairmanship of Trent, Voltas, and Tata Investment Corporation.

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Different Than The Rest: Q&A With BBVA’s Javier Rodríguez Soler

Global Finance

Javier Rodríguez Soler, global head of Sustainability and Corporate & Investment Banking (CIB) at BBVA, speaks to Global Finance about the bank’s strong year and how it is maintaining momentum. Global Finance : How did BBVA’s corporate banking business achieve such a strong year? Javier Rodríguez Soler: Indeed, BBVA Corporate & Investment Banking had a great 2023, with annual revenue of €4.8 billion [$5.3 billion], and just in the first half of 2024, we generated revenue of €2,872 millio

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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India's industrial production sees marginal contraction, manufacturing production rises

CFO News

India's Index of Industrial Production (IIP) saw a marginal contraction of 0.1 per cent in the month of August, against July's 4.7 per cent as manufacturing production rose by 1 per cent, the Ministry of Statistics data showed on Friday.

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Growing Through Innovation: Q&A With QNB Group CEO Abdulla Mubarak Al-Khalifa

Global Finance

QNB Group CEO Abdulla Mubarak Al-Khalifa discusses innovation and sustainability with Global Finance. Global Finance: QNB Group had solid returns in 2023. How did the organization achieve this? Abdulla Mubarak Al-Khalifa: In 2023, QNB Group delivered robust net profit of $4.3 billion, an increase of 8% over the previous year, and an operating income of $10.7 billion, an increase of 11%.

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Enabling business growth with vendor payment solutions

Future CFO

Navigating around tight budgets to realise business goals has always been one of the main responsibilities of finance leaders for their organisations. According to Rafael Chacon , integration leader for Global Payment Solutions Cisco Go-To-Market at Cisco Capital , banks and financial institutions are more cautious, with increasing interest rates and imposing stricter lending criteria, and this environment strains businesses that rely on external financing to manage cash flow and invest in growt

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US continues to be largest source of FDI in India: RBI census

CFO News

With FDI growth outpacing overseas direct investment (ODI) rise, the ratio of outward to inward DI stock at market value declined to 16.1 per cent in March 2024 from 19.3 per cent a year, the RBI's census revealed.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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India’s forex reserves dip $3.7 bn to come off all-time record high

CFO News

India's foreign exchange reserves decreased by $3.7 billion to $701.18 billion as of October 4, according to the Reserve Bank of India. The RBI intervenes in the forex market to manage liquidity and prevent excessive rupee depreciation, ensuring orderly market conditions without aiming for specific exchange rate targets.

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Housing finance companies may miss out on festive demand

CFO News

Housing finance companies are anticipating a delay in the festive season demand surge due to pending government guidelines on the PMAY and Affordable Housing Refinance Scheme. The PMAY subsidy aims to provide ₹1.80 lakh for home loans up to ₹25 lakh, while the refinance scheme offers a 5% interest rate for housing loans disbursed in the past year.

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Amazon Business corporate gifting store sees 134 per cent growth in festive sale

CFO News

Amazon's B2B marketplace, Amazon Business, saw significant growth in corporate gifting during the first ten days of the Amazon Great Indian Festival 2024, with a 134% year-on-year increase. Popular gifting items included kitchenware, tech gadgets, and snack hampers. The rise underscores the convenience and growing trend of online corporate gifting in India.

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'Enhancing Connectivity and Resilience': PM Modi unveils 10-point plan to boost ASEAN-India ties

CFO News

Prime Minister Narendra Modi unveiled a 10-point plan to bolster the ASEAN-India Comprehensive Partnership at the 21st ASEAN-India Summit to enhance connectivity and resilience.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Adani Energy inks pact to operate electricity transmission lines in Kenya

CFO News

Gautam Adani's conglomerate has agreed to build and manage major electricity transmission lines in Kenya for 30 years. The project will upgrade Kenya's power infrastructure, addressing frequent blackouts. Funding will be sourced by Adani, and the government will not incur costs. After 30 years, the project will be transferred to Kenya's Electricity Transmission Company.

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Why Hyundai India's GMP crashed 76% even as market awaits India's biggest IPO

CFO News

The GMP for Hyundai India is declining ahead of the IPO opening next week, with shares currently commanding a GMP of approximately Rs 139, reflecting a marginal premium of 7% over the issue price. The IPO consists of a complete OFS of 14.2 crore shares by the Korean parent company, priced between Rs 1,865 and Rs 1,960. At the upper end of this range, Hyundai India is valued at Rs 1.6 lakh crore.

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Apple accused of restricting workers' Slack, social media use by US labor board

CFO News

This is the second time the NLRB has hit Apple with a complaint this month. Last week, the agency accused the company of requiring employees nationwide to sign illegal confidentiality, nondisclosure, and noncompete agreements and of imposing overly broad misconduct and social media policies.

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CONCOR appoints Harish Chandra as CFO

CFO News

This development follows the departure of Manoj Kumar Dubey, who served as Director (Finance) & CFO, as he assumed the role of Chairman & Managing Director at Indian Railway Finance Corporation Limited.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.