Wed.Jun 26, 2024

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Destination Digital 2024: How BMO innovators are shaping the future of banking

Bank of the West

The energy and anticipation were palpable at a recent gathering of hundreds of curious thinkers, aligned with a central purpose: to collaborate, ideate and help shape the future of banking. More… Read more The post Destination Digital 2024: How BMO innovators are shaping the future of banking appeared first on About BMO.

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Trump’s 10% tariff would annually harm households by at least $1,700: AAF

CFO Dive

Damage from a sweeping tariff would spread beyond the U.S., “threatening key relationships with allies and inviting a global trade war,” AAF said.

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Evolving CFOs: succeeding amid tech changes

Future CFO

Here and there, the business world witnesses changes around various sectors and organisational functions, hence it is no surprise how Finance undergoes several transformation to keep up with the pace, making way to evolving chief financial officers. In a recent Gartner CFO and finance executive conference, it was revealed that accelerated enterprise artificial intelligence spending and adoption is on the horizon, and CFOs will be responsible for effectively managing the costs and common prob

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HP taps former JP Morgan executive as CFO

CFO Dive

The transition comes as the tech giant is focused on recovering from sagging sales after heightened demand during the COVID-19 pandemic.

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SaaS Evolution: The Critical Role of Embedded Finance

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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529-To-Roth IRA Rollovers: Taking Advantage Of The New Option To Move Education Savings To Retirement Savings

Nerd's Eye View

Traditionally, the challenge in using a 529 plan to save for higher education expenses has been figuring out how much to save to cover the beneficiary's college costs without overshooting and saving more in the 529 plan than is actually needed. Because while 529 plans' combination of tax-deferred growth on invested funds and tax-free withdrawals for qualified education expenses (plus many state-level tax deductions or credits on 529 plan contributions) make it a powerful savings vehicle for coll

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City of Milwaukee officially declares “BMO Empower Day” at Summerfest

Bank of the West

Every year, Summerfest comes to the city of Milwaukee, turning the lakefront area into a hub for music, entertainment and empowerment. BMO has been a proud sponsor for over 15… Read more The post City of Milwaukee officially declares “BMO Empower Day” at Summerfest appeared first on About BMO.

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Modern finance team makeovers: Flexing the FP&A muscle

CFO Dive

As CFOs increasingly walk the line between finance and operations, FP&A leaders are stepping up to serve as their analytical brain trust.

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A perfect pairing: How to create a great relationship between HR & finance

Cube Software

HR and Finance: Where do they intersect? To build a great partnership between HR and Finance, it's essential to understand what each department brings to the table. While they have different focuses, their roles are deeply interconnected.

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BMO recognized – again! – as Best Private Bank and Retail Bank in Canada, and Best Commercial Bank in US and Canada

Bank of the West

Recognition means we’re on the right path. So we’re proud to announce that BMO has been named Best Private Bank in Canada (14th consecutive year), Best Retail Bank in Canada… Read more The post BMO recognized – again! – as Best Private Bank and Retail Bank in Canada, and Best Commercial Bank in US and Canada appeared first on About BMO.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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A Modern Nonprofit Podcast: How to Leverage Marketing

The Charity CFO

On today’s episode Tosha brings on guest Dana Snyder. Dana is the host of Missions to Movements and she is also the creator of the monthly Giving Mastermind. Dana and Tosha’s conversation today will focus on digital marketing and how this tool can be leveraged, especially in nonprofit organizations, to assist in fundraising. Marketing is a fun game in the business world.

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How a Fractional CFO Helped PrecisionPoint Achieve a Successful Exit

Focus CFO

Mark Hanna had a profitable business, but something was missing. A chance coffee shop encounter led him to FocusCFO – and the strategic financial expertise he needed to help scale the business and achieve a successful exit. His Fractional CFO, Curt Wible, gave him top-tier financial leadership at a fraction of the cost of a full-time, traditional CFO.

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Funds circling India debt risk being tripped Up by red tape

CFO News

China's tax exemptions on bond investments set a precedent for India's sovereign debt market, likely attracting more foreign investors. The hurdles faced by outsiders in accessing the market include lengthy documentation, tax treaty variances impacting returns, and the need for registration via custodian banks for trading in certain bonds.

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Big 4’s management consulting arms gain muscle

CFO News

The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.

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Master Your Expenses: The Ultimate Corporate Card Checklist

Choosing the right corporate card program is key to managing employee spending effectively. This checklist highlights important factors to consider, like ease of administration, card acceptance, real-time data, and software integration. It also details features like customizable policy controls, dynamic approvals, and robust analytics to help optimize expense management.

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President Murmu addresses joint session of Parliament: Key highlights

CFO News

President Droupadi Murmu addressed the joint session of Parliament on Thursday, congratulating new MPs and emphasizing the mandate given to the Modi government for a third term. She also praised the high voter turnout in Jammu and Kashmir and lauded the Election Commission's efforts.

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PLI scheme to be extended to garments sector: Textiles Minister

CFO News

The PLI scheme has been a huge success in the electronics sector with India’s production of electronic goods such as smartphones shooting up and even emerging as a major item in the export basket.

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Departments advised against blanket approval of Chinese FDI

CFO News

There must be review and monitoring, including through robust IT tools and databases, when it comes to FDI from countries of concern, highly placed sources told ET. Once a system is in place, disposal of cases should take place through a time-bound mechanism, sources pointed out.

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Five-yr extension expected for export credit scheme

CFO News

India is expected to extend a key support scheme for export credit to boost its export sector, which has been hit hard by a slowdown in developed countries. The commerce and industry ministry has proposed an extension of the interest equalisation scheme beyond June 30, providing a 3% benefit for manufacturer micro, small and medium enterprises (MSME) and a 2% incentive for exporters of 410 identified tariff lines.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Ecom Express sets the ball rolling for Rs 3,000-crore IPO

CFO News

Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS to take forward the process.

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Aris Infra plans to raise Rs 600-700 crore via IPO

CFO News

Aris Infra, a Mumbai company using technology to streamline construction material procurement, is planning an IPO to raise Rs 600-700 crore. The company has attracted investment from prominent individuals and prestigious financial institutions including Think Investments, TPG Capital, Temasek, and BlackRock.

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Coke is still a challenger brand in India and that mindset helps: John Murphy, Global President, Coca-Cola

CFO News

"India is a good example. Today we talk about the opportunity in India, brand Coca-Cola is still a challenger brand in India. And it's - one of the hardest tasks we have is to take on." the beverages maker's global president and chief financial officer, John Murphy, said at a recent consumer conference in Paris.

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Indian job market likely to get busy and bustling

CFO News

The Indian job market is expected to witness a notable increase in workforce expansion. The projected growth for H1 FY25 (April-September) indicates a significant rise to 6.33%, compared to around 4.2% in H2 FY24 (October-March). This expansion in the workforce serves as a crucial indicator reflecting economic growth, business confidence, and organizational strategic planning.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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5G spectrum auctions: Bharti Airtel likely largest bidder, govt mops up around Rs 11,300 crore

CFO News

India's second 5G spectrum auction concluded around Wednesday noon after seven rounds, lasting just over a day, with the government collecting approximately Rs 11,300 crore. Bharti Airtel is likely the largest bidder, acquiring airwaves in the sub-GHz 900 MHz band as well as in the 1800 and 2100 MHz bands. Market leader Reliance Jio likely bought 5G bandwidth in the 1800 MHz band.

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Tata Motors has a Rs 18,000 crore EV plan, reveals MD Shailesh Chandra

CFO News

Tata Motors is eyeing 30-40 per cent sales from EVs by FY30 and is planning to spend about Rs 18,000 crore to develope an ecosystem for the electric vehicle business. Over the next two years, the company has scheduled for launch Curvv EV, Curvv ICE ( internal combustion engine) and Sierra EV.

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Sebi eases trading norms for company insiders

CFO News

"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said.

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Online gaming companies get summons for cashback to players since October

CFO News

The agency detected reimbursements of taxed money back to players as cashback in a separate promo account by online gaming companies post implementation of the 28% GST (goods and services tax) on the full entry level betting amount. The DGGI Gurgaon has sent summons for a period between October 2023 and June 15, 2024, ET has learnt.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.