Fri.Dec 22, 2023

article thumbnail

Why You Should Be Automating More of Your Financial Management

Navigator SAP

Automation is the original value proposition of computers, and 50 years later there still is a lot of low-hanging fruit when it comes to freeing up employee time with the help of automation. This is especially true when it comes to financial management. While most businesses automate at least part of financial and accounting functions today, enterprise resource planning solutions (ERP) help businesses move beyond piecemeal financial management automation to end-to-end automation that saves time,

article thumbnail

NFRA finds certain lapses in audit quality of network entities of Big 4

CFO News

The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality controls evaluate their adherence to Standards on Quality Control (SQC-1) and selected audit documentation of the annual statutory audit of financial statements for the year ended March 31, 2021, according to four separate reports released by NFRA on Friday.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

15 Questions to Ask an Executive Financial Recruiting Firm

CFO Selections

When you are looking for someone to hire a CFO for your company, who do you tap for the job? What sets a great executive recruiting firm apart from a mediocre one? And how can you even tell the difference? Going through the research stage of selecting a financial recruiter can be daunting, but we’re here to help! Our team of executive finance recruiters has put together a list of the questions they hear most often to serve as a guide as you go through the process.

CFO 52
article thumbnail

GST Amnesty Scheme: Who can apply, last date to apply, how to apply

CFO News

If an individual has received an Goods and Services (GST) demand order on or before March 31, 2023 then an appeal against that order can be filed under the GST Amnesty Scheme. Know here what is the process, conditions to fulfil before applying and what GST form is to be used for filing an appeal.

52
article thumbnail

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

article thumbnail

Centre releases Rs 72,960 crore to states as tax devolution

CFO News

The Indian government released an additional Rs 72,960 crore to states as tax devolution for financing social welfare and infrastructure development. This comes in addition to the installment due on January 10, 2024, and the Rs 72,961.21 crore released on December 11, 2023. The move aims to strengthen states' capacity for various developmental initiatives.

Finance 52

More Trending

article thumbnail

Sebi proposes implementation of instant trade settlement in 2 phases, seeks comments

CFO News

In phase 1, the regulator has proposed an optional T+0 settlement cycle (for trades till 1:30 pm), with settlement of funds and securities to be completed on the same day by 4:30 pm.

article thumbnail

CCI seeks stakeholder comments on regulations defining turnover or income

CFO News

The regulations aim to address the ambiguities in determining turnover/income of enterprises or persons, by specifying what the definition of turnover or income shall entail and how it will be determined even in case of entities earning in foreign currency. “The Competition (Amendment) Act, 2023, inter alia, amended Section 27, 48 and Section 64 of the Act empowers the CCI to frame regulations for the purposes of imposition of penalty on enterprise and/or person based on turnover or income of su

article thumbnail

OTT not under ambit of Telecom Bill: Ashwini Vaishnaw

CFO News

The minister's first official comments on the issue are likely to allay concerns raised by some app makers and activists that the broad definition of 'telecommunications' can be interpreted to cover any internet-based communication, said industry executives and experts.

article thumbnail

White-collar hiring down 6 per cent in 2023

CFO News

Companies in several sectors tightened their hiring funnel amid global macroeconomic headwinds and prolonged geopolitical uncertainties even as sectors that have seen business growth in the last one year, including oil & gas, power, infrastructure, energy, BFSI, travel, and real estate, recorded double-digit growth in hiring numbers, data showed.

Numbers 52
article thumbnail

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.

article thumbnail

Inflation remains elevated & clouded by volatile food prices, weather shocks: RBI Guv Das in MPC minutes

CFO News

While the Reserve Bank of India's rate-setting panel opted to maintain unchanged rates in its December meeting, Governor Shaktikanta Das expressed concerns about inflation, acknowledging its retreat from highs but noting its persistent volatility. External MPC member Jayanth Varma suggested that a stance might not be necessary, but if adopted, it should be neutral.

Banking 52
article thumbnail

CXOs much wanted; demand likely to exceed supply in 2024

CFO News

Hiring action is mostly concentrated at the senior levels due to increased confidence in the economy, said experts. The entry and middle levels are not seeing much action due to the aftereffects of over-hiring in 2021 that are still being felt, they said.

article thumbnail

Better profitability to support corporate rating headroom: Fitch Ratings

CFO News

However, Fitch has warned that a sharp or sustained rise in energy prices, given the ongoing geo-political risks, presents downside risks to the projection. On the economy, it expects the country to be among the world's fastest-growing large sovereigns, with resilient GDP growth of 6.5 per cent in FY25, marginally down from a likely 6.9 per cent GDP print this fiscal.

52
article thumbnail

Finance Ministry asks banks to monitor top 20 IBC cases

CFO News

The Finance Ministry has instructed the heads of public sector banks to monitor and review the top 20 cases under the Insolvency and Bankruptcy Code (IBC) as part of their bad assets management. Financial Services Secretary Vivek Joshi urged managing directors and CEOs of public sector banks to conduct monthly reviews of these cases for resolution.

Finance 52
article thumbnail

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.

article thumbnail

Polycab shares drop 4% after reports of income tax raids

CFO News

Polycab is India's largest company in the cables and wires sector with a market share of 15% in the organised category. The stock, which has more than doubled in value in the last one year, is seen as a major play on the capex upcycle in India.

article thumbnail

Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale

CFO News

Ola Electric: The company is looking to raise up to Rs 5,500 crore through fresh issue of shares, with an offer-for-sale (OFS) component of 95.2 million shares.

Sales 52
article thumbnail

OpenAI in talks to raise new funding at $100 billion valuation: report

CFO News

The terms, valuation and timing of OpenAI's funding round have not yet been finalised and could still change, the report said.