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 However, outdated ERP systems can hinder growth due to inefficiencies, scalability limitations, integration issues, security risks, and an inability to support innovation.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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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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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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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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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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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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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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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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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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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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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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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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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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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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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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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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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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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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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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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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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.