Fri.Dec 27, 2024

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Automating Financial Business Complexity: Four Examples with S/4HANA Cloud Public Edition

Navigator SAP

One of the principal stakeholders who often drive digital transformation is the CFO. This is not surprising, because digital transformation and the adoption of a modern ERP solution benefits both financial performance and operational efficiency, two areas that are particularly near and dear to the CFO job function. Digital transformation also benefits CFOs more directly, because it assists with streamlining and automating financial business complexity.

CFO 241
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Riding The Disruption Wave

Global Finance

New technologies promise vast increases in growth and efficiency. For CFOs, they require balancing stability and transformation. Disruptive technologies are not only reshaping the business landscape, but forcing CFOs to rapidly evolve their strategies and embrace innovation. From the various flavors of artificial intelligence (AI) to digital ledger technology (DLT) and cloud computing, these new tools offer immense potential for growth and efficiency but also present significant challenges.

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Weekend Reading For Financial Planners (December 28–29)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that according to a recent study by DeVoe & Company, only 42% of RIAs surveyed have written succession plans and either have begun to implement them or have already done so. The report suggests this might be due in part to increased RIA valuations and the assumption of some firm founders that next-generation employees won't be financially able to buy out the firm from them,

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2024: A Turning Point for India’s Alcohol Beverage Industry

CFO News

In 2024, India's alco-bev industry sees vital reforms aimed at boosting growth, as outlined by Richa Singh, CFO of Pernod Ricard India, in addressing regulatory changes and economic opportunities.

CFO 45
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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MiB: Toto Wolff, Mercedes-AMG PETRONAS F1 Team

Barry Ritholtz

(Rebroadcast) This week, we speak with Toto Wolff , Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. Prior to joining Mercedes, Toto spent time in the investment world, founding his own company “Marchfifteen” in 1998 and Marchsixteen in 2004. In 2009, Toto combined his passion for racing and business by investing in the Williams F1 Team.

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Tanzania: East Africa’s New Powerhouse

Global Finance

Tanzanias socioeconomic transformation drives economic dominance by attracting substantial investments and dominating intraregional trade. Tanzania is undergoing eye-catching socioeconomic transformation. The East African nation has opted to go on quietly pursuing economic supremacy. Outsiders, however, are taking note. Kenyan President William Ruto is among them.

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FMCG companies back premiumisation to revive urban market in 2025

CFO News

Urban demand in the FMCG sector is expected to recover by mid-2025. Companies are focusing on premium products to drive growth despite current inflation. Categories like liquid beauty products and instant coffee are gaining popularity. However, rising debt and lower disposable incomes in urban areas remain challenges. Policy measures might be needed to boost consumption.

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Private Equity Set For M&A Surge In 2025

Global Finance

Private equitys $2 trillion pile of cash is set to fuel M&A opportunities in 2025. Private equity firms are sitting on an unprecedented war chest: roughly $2 trillion in uncalled capital. Often referred to as dry powder, this cash pile has been accumulating since the last big global mergers-and-acquisitions blowout, in 2021, when volume reached a whopping $5.9 trillion, according to Dealogic.

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India's IPO market set for record growth in 2025 too: Report

CFO News

India's IPO market reached an impressive milestone in 2024, with proceeds doubling to USD 11.2 billion from 2023's USD 5.5 billion, driven by increased retail participation and domestic inflows. The government's focus on infrastructure and capital expenditure further contributed to India's market dynamism.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Bracing For A Tariff War

Global Finance

With a second Trump administration starting up, 2025 may bring escalating tariffs, retaliatory trade measures, and a rearranging of the international trade order. The anticipated start of US President-elect Donald Trumps second term positions 2025 as a defining year for global trade policy. If the United States unleashes a significant expansion of tariffs, it could provoke swift retaliatory measures from targeted countries and severely strain international trade relationships.

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Streamlining GST dispute resolution: Insights from CESTAT for GSTAT

CFO News

In this article, Rajat Mohan, Senior Partner at AMRG & Associates, explores the establishment of a robust procedural framework for the GST Appellate Tribunal (GSTAT), drawing lessons from CESTAT's operational rules to enhance GST dispute resolution.

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JSW Energy to buy O2 Power for $1.47 billion

CFO News

JSW Neo Energy, a subsidiary of JSW Energy, will acquire the 4.6 GW renewable energy platform O2 Power Pooling, owned by EQT Infrastructure and Temasek, for ?12,468 crores. The acquisition increases JSW Energys generation capacity by 23% and strengthens its presence in India's energy sector.

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Coforge, Cigniti announce merger pact

CFO News

The two companies have appointed EY and Axis Capital to prepare merger terms which they intend to propose to their respective shareholders within a fortnight, ET had reported on Tuesday.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Rural consumption rises higher than urban, allowing the inequality to dip during Aug 2023-July 2024

CFO News

Consumption inequality decreased in both rural and urban areas during August 2023-July 2024 compared to the previous year, with Gini coefficients dropping in both regions. The survey showed a rise in average monthly per capita expenditure (MPCE). Non-food items constituted the largest share of household expenditures.

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Crack this code at liquidation, assets = 5% dues

CFO News

Stressed companies under insolvency law have assets worth less than 5% of what they owe to lenders. As of September, 2,630 liquidation cases owed 9.51 lakh crore but had only 45,000 crore in assets. Delays and asset deterioration contribute to poor recovery, particularly in service-oriented firms.

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AI specialists hit pay dirt as talent war rages

CFO News

Companies will compete aggressively to hire AI talent, increasing salaries by 15-20% in the next 12-18 months. AI demand is expected to double by 2027. Firms must offer competitive packages, upskilling, and career opportunities to attract top AI professionals. Salaries for AI jobs are already 30% higher than traditional IT roles.

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Ola Electric’s CTO Suvonil Chatterjee, CMO Anshul Khandelwal quit adding to top-level exodus

CFO News

Two senior executives at Bhavish Aggarwal's Ola, Suvonil Chatterjee and Anshul Khandelwal, resigned from their positions at Ola Electric, citing personal reasons. Their exits contribute to a series of senior-level resignations across the Ola group, including the departure of top executives from Ola Consumer and the ride-hailing business, amid declining market performance.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Budget 2025: Mobile phone makers seek import duty cuts on key parts

CFO News

Union Budget 2025: The electronics industry is requesting import duty reductions on mobile phone components and subsidies for product testing in the next budget. They are advocating for a simpler tariff structure and an extension of the 15% corporate tax waiver for manufacturing companies till 2029 to boost the component ecosystem.

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10 big-bang policy moves Modi government made in 2024

CFO News

In 2024, India implemented several transformative policies under Narendra Modi's leadership, including One Nation, One Election, an expanded Unified Pension Scheme, and the BioE3 policy. These initiatives, along with scrapping angel tax, promoting rooftop solar, and launching the PM Internship Scheme, aim to stimulate economic growth, innovation, and job creation while ensuring social progress.

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Year in Review: There’s an Esop fable in startup Inc’s IPO run

CFO News

Initial public offerings of eight new-age internet companies in 2024 revealed a significant disparity in wealth creation between startup founders and employees. Founders amassed nearly Rs 34,000 crore, compared to Rs 8,500 crore unlocked for staff through Esops. Concerns arise over disproportionate Esop distribution and the fairness of typical four-year vesting periods.

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Finance Ministry Year-End Review: DIGIDHAN Mission driving India’s leadership role in digital payments

CFO News

BHIM-UPI has recorded over 15,547 crore transactions during the January-November phase this year, underscoring its role as a key enabler of Indias digital economy.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Centre eyes January start to India AI datasets collection, aggregation

CFO News

The collection and sifting of all the data is likely to take up to six months following which the government will open up the collated database for training of the LLMs, small-language models, ultra-large language models, foundational models, and others, he said.

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Global manufacturing to shift in India's favour: N Chandrasekaran

CFO News

Global supply chains are shifting towards India due to a focus on resilience over efficiency, says Tata Sons chairman N Chandrasekaran. He emphasizes that the Tata Group plans to create five lakh manufacturing jobs in critical sectors including batteries, semiconductors, and electric vehicles over the next five years.

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4 chip manufacturing units, 3 supercomputers this year to boost India's global tech position

CFO News

The year 2024 saw four new semiconductor manufacturing units and three 'Param Rudra' supercomputers, among several other initiatives, to strengthen India's position on the global tech stage, the government said on Friday.

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Incremental investment in cement sector will come only when profitability improves: Report

CFO News

Illustrating current margins, the report outlines an example where the industry achieves an EBITDA of Rs800 per ton. After adjusting for 80 per cent capacity utilisation and accounting for depreciation, the post-tax ROCE stands at a mere 3 per cent. For incremental investments, the report highlights that profitability needs to be doubled.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.