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 However, outdated ERP systems can hinder growth due to inefficiencies, scalability limitations, integration issues, security risks, and an inability to support innovation.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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Healthcare’s paper check disease

CFO Dive

“The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.

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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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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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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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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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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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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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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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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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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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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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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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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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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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'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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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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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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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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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.