Fri.Feb 09, 2024

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CEO optimism hits two-year high as inflation cools: Conference Board

CFO Dive

More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.

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Weekend Reading For Financial Planners (February 10-11)

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 recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors. In addition, related research suggests further opportunities for firms looking to acquire and retain talent, from providing a greater sense of autonomy to bu

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Minority CPAs drop 26% after 150-hour rule: MIT

CFO Dive

Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.

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SAP Delivers Scalability and Flexibility for Quote-to-Cash to Compliance in the Telecom Industry

Bramasol

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them. For almost 150 years, the telecom industry has undergone massive growth, waves of change, and periodic disruptions from new technologies and evolving business models.

SAP 87
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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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Enerpac Tool appoints interim finance chief

CFO Dive

The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position.

Finance 261

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MIT Sloan Investment Conference

Barry Ritholtz

Hey, I am heading up to Boston today for the annual MIT Sloan Investment Conference. Its’ always a fascinating time (I usually depart with some quality swag!). I will be on a panel discussing Macroeconomics with former Fed Economist Claudia Sahm. I am looking forward to meeting Karen Karniol-Tambour, Co-Chief Investment Officer at Bridgewater Associates.

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Paytm may switch to third-party app mode to keep UPI

CFO News

Currently, those using Paytm to make UPI payments have virtual payment addresses (VPAs) ending in @paytm. After March 1, customers might find this changing to some other bank’s handle. Paytm aims to use three or more banks to start issuing new VPAs to its customers for use from next month, sources said.

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Interest rates and the Modern CFO

CFO Talks

In the dynamic world of financial management, few decisions hold as much weight and consequence as those surrounding interest rates. As the custodians of a company’s financial health and strategic vision, modern Chief Financial Officers (CFOs) must navigate the complex landscape of monetary policy with precision and foresight. Recently, the South African Reserve Bank’s decision to maintain interest rates has had significant implications not only for the economic landscape but also fo

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Plan in works to compensate victims of financial frauds

CFO News

The finance ministry said that banks and financial institutions will share information in a standardised format for ease of analysis by law enforcement agencies and further ensure round-the-clock availability of resources to promptly address complaints, which will improve the fraud-to-hold ratio.

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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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Breaking down barriers for organisational success

CFO Talks

Modern CFOs must embrace strategic leadership and foster cross-functional collaboration within their organisations to drive success in a highly competitive market. Breaking down obstacles between the finance team and other departments is essential to unlocking the organisation’s full potential. Let’s delve into how CFOs can spearhead this transformation and lead their teams to new heights of success.

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Niti Aayog to estimate gap between states' renewable capacity, future needs

CFO News

The Niti Aayog is conducting an analysis to estimate the potential gap between states' renewable energy capacities and their future electricity needs under existing purchase obligations. This initiative aims to assist states in planning their power resources effectively. The assessment considers states' capabilities in solar, wind, and hydro energy, projecting their ability to meet renewable purchase obligations independently or rely on other states.

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Managing the rising cost of cybersecurity: Strategies for CFOs

CFO Talks

Cybersecurity has become an increasingly critical concern for businesses across the globe, with cyber threats evolving in sophistication and frequency. Recent incidents, such as the deepfake CFO scam in Hong Kong , underscore the pressing need for robust cybersecurity measures. As CFOs, it is essential to understand the financial implications of cybersecurity breaches and implement effective strategies to manage the rising costs associated with protecting organisational assets.

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UPA pushed India into fragile five club: FM Nirmala Sitharaman

CFO News

Initiating the debate on the 'White paper on Indian economy and its impact on the lives of people of India', Sitharaman said it was Prime Minister Narendra Modi who put the nation first, pulling the country out of crisis and placing it among the top five economies of the world. India is now on the way to becoming the third-largest economy, she said, adding that the NDA government will make India a developed nation (Viksit Bharat) by 2047.

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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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Ended curse of incremental thinking, India to work at superspeed: PM Modi at ET Now GBS 2024

CFO News

PM Modi highlighted the increasing trust and positive sentiment towards India in international forums, such as Davos. He mentioned that a virtuous cycle has begun in India, with economic growth rising, fiscal deficit shrinking, exports increasing, and poverty decreasing. "New Bharat will work at superspeed - this is Modi's guarantee," he said.

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Rich face crypto dilemma: To bet or not via foreign route

CFO News

Unlike direct purchase of cryptos, investing in an ETF is subscribing to units or securities issued by a regulated fund a feature that most think is a kosher trade. However, some of the Indian banks refuse to remit funds overseas if the money is invested in cryptos or offshore funds and pooled vehicles that invest in cryptos and track the prices of bitcoin and other digital currencies.

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NCLT refuses to grant interim relief to Zee shareholder Mad Man Film Ventures

CFO News

The Mumbai bench of the National Company Law Tribunal (NCLT) declined immediate interim relief to Zee Entertainment Enterprises shareholder Mad Man Film Ventures in their bid to enforce the merger scheme between Sony and Zee. Mad Man sought to restrain Zee and Sony from acting against the NCLT's August 10, 2023 order sanctioning the merger.

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Paytm parent One 97 Communications forms advisory committee to strengthen compliance

CFO News

The committee will be headed by Meleveetil Damodaran, former chairman of markets regulator Sebi, and "will work closely with the board," Paytm said in a press release.

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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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RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh

CFO News

The Reserve Bank's instructions on review of fixed remuneration for non-executive directors (NEDs) come into force immediately. The instructions apply to all private sector banks, small finance banks, payment banks, and wholly owned subsidiaries of foreign banks.

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Realty redevelopment projects GST ruling likely to hit cost dynamics across markets

CFO News

Telangana High Court dismisses a legal challenge by a real estate developer regarding the GST on transfer of development rights; real estate projects involving redevelopment and rehabilitation are crucial for Mumbai's property market due to the shortage of vacant land parcels.

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Biocon CFO Indranil Sen resigns

CFO News

Sen was appointed as the CFO of the company in April 2021 after Anupam Jindal stepped down. He has over 20 years of experience in financial planning, treasury, taxation and financial reporting.

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Mamaearth's parent Honasa aims to outgrow the industry by 2 to 2.5 times, CFO shares growth plan for next year

CFO News

Honasa Consumer Q3 Results: Net profit jumps 264% to 26 crore in Q3FY24; sees rural stress spilling over to urban markets.

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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