Mon.Dec 23, 2024

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The Essential Nature of Strategic Financial Planning for Tech Startups

CFO Plans

In the fast-paced world of tech startups, strategic financial planning isn’t just beneficialit’s crucial. As these ambitious companies aim to scale operations, a solid financial strategy becomes the cornerstone for sustainable growth. Start Your Financial Transformation Today with expert guidance from CFO Plans. This article delves into how tech startups can navigate financial complexities, leveraging the strategic insights of a Chief Financial Officer (CFO) and other vital financial

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SAP Introduces AI Copilot Joule to SAP S/4HANA Cloud and Supply Chain Management Application

Navigator SAP

SAP has announced the integration of its AI copilot, Joule , into SAP S/4HANA Cloud Public Edition and supply chain management applications, enhancing user interaction and operational efficiency. In SAP S/4HANA Cloud Public Edition , Joule streamlines tasks by enabling quick navigation, providing instant insights into business data, and offering guidance through relevant enablement content.

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India curbing misuse of tax havens through regulatory measures, global tax standards, say experts

CFO News

With international initiatives like the OECDs BEPS framework and the implementation of global minimum taxes, the central government is tightening controls to prevent profit shifting, increase transparency, and attract genuine foreign capital, say tax experts.

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KPIs You Should Be Tracking in a Nonprofit

The Charity CFO

Successful nonprofits and for-profit businesses alike use a variety of key performance indicators (KPIs) to help track their organizations performance. This guide will explore some of the most common nonprofit KPIsincluding how to calculate themto help you pick the right KPIs for your nonprofit. Understanding the Importance of Nonprofit KPIs KPIs are vital tools that help measure processes, evaluate effectiveness, and guide data-driven decisions.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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AI in Finance: How CFOs are evolving beyond automation and driving strategy in 2025

Cube Software

Understanding AI and Machine Learning in Finance Definition of AI in Finance AI in finance means using technology to take on tasks like analyzing data, spotting patterns, and making decisionsthings that usually require human intelligence.

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The Difference Between Traditional Payroll and a PEO for Nonprofits

The Charity CFO

As a nonprofit leader, you’re constantly looking for ways to streamline operations and maximize resources. When it comes to managing your organization’s workforce, you have two primary options: traditional payroll services or a Professional Employer Organization (PEO). No matter which direction you end up going, its crucial to understand the importance of payroll compliance.

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Expected decline in food prices in January could increase odds of rate cut in Feb: ICICI Bank

CFO News

The Reserve Bank of India's Monetary Policy Committee may consider a rate cut in February if food inflation declines in January. Lower food prices could support economic growth, with some members advocating for easing rates. Meanwhile, the Indian rupee faces depreciation pressure due to a strong US dollar.

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Hana Bank’s Head Of FX & Derivatives Sales On Navigating Global Tensions

Global Finance

Young Kyu Kim, head of FX & Derivatives Sales at Hana Bank, discusses FX management in Asia going into2025 amid escalating US-China tensions. Global Finance : While geopolitics is arguably the number one concern of corporates in the US and Europe, what is currently keeping Asian corporates up at night when it comes to FX markets? Young Kyu Kim : Geopolitics is also a growing concern for Asian companies.

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Razorpay celebrates 10th anniversary with Rs 1 Lakh ESOP grant for every employee

CFO News

Razorpay, a payment and banking platform for businesses, celebrates its 10th anniversary by granting Rs 1 Lakh in ESOPs to each current employee. This marks the latest in a series of ESOP buybacks, highlighting the companys ongoing efforts to provide liquidity and reward employee contributions.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Government warns mobile users of RBI credit card call scam

CFO News

A fraudulent call is impersonating the Reserve Bank of India, warning that bank accounts will be blocked due to alleged credit card fraud. PIB Fact Check confirms these voicemails are fake and advises people to ignore them and stay vigilant. Tips are provided to help users avoid falling victim to such scams.

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Fund mobilisation by Indian companies surged 10 times over last ten years: Report

CFO News

Fund mobilisation by Indian companies grew tenfold over the last ten years, rising from Rs 12,068 crore in 2014 to Rs 1.21 lakh crore in FY25. Increased household participation and higher market capitalization reflect a robust economy and strong investor confidence. Savings in shares and debentures have also significantly increased, indicating higher household contributions to the economy.

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Indian IT hiring: 2025 promises rebound; AI/data science roles to dominate job market

CFO News

The Indian IT hiring sector is expected to recover in 2025 after a decline in 2024. The focus will be on specialised skills like AI and data science. Job opportunities in Tier 2 cities are rising. Companies are likely to invest in upskilling their workforce. Significant growth in job opportunities across various sectors is predicted.

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Govt weighs junking customs relief in 'Make in India' push

CFO News

Make In India: The exercise is also being carried in the backdrop of plans to increase India's share in global value chains.

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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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$3.1 billion Vishal windfall for PE partners in IPO : Biggest capital gains for a PE in India

CFO News

Vishal Mega Mart IPO: Return on 6-year-old investment is over 50%higher than 2nd-most profitable deal in India, little short of Tiger Global's blockbuster Flipkart bet

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Work starts on $2-billion Tata Capital IPO

CFO News

The conglomerate recently gave Kotak Investment Banking officials the go-ahead to commence the process after a meeting, they said. It plans to appoint additional bankers by January, they added.

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Reliance Retail starts test launch of Shein labels on Ajio platform

CFO News

Reliance Retail is testing sales of Shein's casual women's westernwear on its Ajio platform. Despite Shein's ban in 2020, a partnership allows sales to resume domestically, abiding by government regulations. Shein will rival brands like Zudio and Myntra in the lucrative, growing Indian fast fashion market.

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Coforge, Cigniti forge ahead with proposed merger

CFO News

Coforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Coforge plans to absorb Cigniti, with shareholders receiving Coforge shares based on a determined swap ratio. Coforge's market value has doubled recently, and the acquisition aims to leverage synergy in client locations.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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2024 exposed the underbelly of India's Silicon Valley

CFO News

Bengaluru, India's tech hub, faced a severe water crisis this summer due to a poor monsoon season and depleted groundwater. Residents relied on expensive water tankers, and fines were imposed for non-essential water use. The city's rapid, unplanned growth, including a 1,055% increase in built-up area, has led to a 70% decrease in water surface area, exacerbating the problem.

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China's top TV company plans to buy 26% stake in Indian contract manufacturer Epack Durable's subsidiary

CFO News

Hisense Group is planning to acquire up to 26% stake in Epack Durable's subsidiary for establishing a large appliance manufacturing facility in Andhra Pradesh. The deal follows India's encouragement for Chinese companies to partner locally, requiring multi-department clearance under FDI norms.

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Gucci in Gwalior, Rolex in Nagpur: Luxury finds its way to India’s smaller cities

CFO News

Luxury brands like Gucci and Louis Vuitton are witnessing increased sales in India's non-metro cities due to e-commerce and travel retail expansion. High-end consumption patterns are emerging in tier 2 and 3 locations like Ajmer, Surat, and Kochi, demonstrating rising affluence and spending capacity among consumers.

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US consumer confidence deteriorates in December

CFO News

US consumer confidence dropped unexpectedly in December, falling to 104.7 from 112.8 in November, as concerns about future business conditions grew. While consumer views on the labor market improved, their outlook on business conditions weakened, according to the Conference Board. Economists had forecast a rise to 113.3.

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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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Infosys' former CFO Mohandas Pai calls out ‘biggest’ salary disparity in IT companies in India: Rs 3.2 lakh in 2011 to Rs 3.75 lakh in 2024

CFO News

Mohandas Pai criticizes India's corporate sector for widening wage disparity. Executive salaries have surged while fresher salaries stagnated at a mere 15% increase over 13 years. Pai calls for fairer compensation, especially for entry-level and contract workers, citing continued profitability despite automation.

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Car companies may hit road to robust sales next year

CFO News

India's passenger vehicle sales are projected to rise 5% in 2025. Government spending, improved monsoon season, and positive rural sentiment are driving this growth. Demand for entry-level cars is anticipated to increase. Two-wheeler sales show an upward trend. The Indian economy is expected to grow by 6.7% in fiscal year 2026.

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After squeeze in urban demand, FMCG industry expects consumption revival in 2025

CFO News

India's FMCG sector expects a 2025 rebound. 2024 brought high costs and inflation, slowing growth. Easing food prices and government spending offer hope. Premium products and quick commerce are gaining traction. Companies are innovating and adapting to changing consumer behavior. Rural demand is steady, and urban demand is projected to recover.

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Sebi to auction 28 properties of 5 companies next month

CFO News

India's market regulator, SEBI, will auction 28 properties belonging to five companies on January 27, 2025. The auction aims to recover Rs 28.66 crore illegally collected from investors. The properties, located in West Bengal and Odisha, include land, flats, and buildings. Companies involved include Bishal Group, Sumangal Industries, and Mangalam Agro Products.

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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