Fri.Jun 21, 2024

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Mind the trust gap: Why C-suite humility matters in the AI era

CFO Dive

If executives engage in the big issues of today without acknowledging there can be a diverse set of explanations, they risk losing stakeholder trust, PwC’s Wes Bricker writes.

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What is a Future-Proof ERP System?

Navigator SAP

Businesses plan for the future, but the future rarely looks like what was expected. Adjusting as plans change requires nimbleness and business agility. But it also requires backend ERP technology that can evolve with the business.

Planning 218
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Role clarity is key to fractional CFO pay

CFO Dive

Contract finance executives must understand the services they truly offer in order to charge — and be paid — what they’re worth, Joe Woodard said Sunday at his firm’s accounting tech conference.

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Weekend Reading For Financial Planners (June 22-23)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5 million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. At the same time, they also overwhelmingly recognize the value of financial advisors , not only for increasing their wealth beyond what they could have achieved on thei

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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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Benefits of PE Firms Outsourcing Their Tax and Compliance Tasks

E78 Partners

Private equity (PE) firms are constantly looking for ways to improve their operations and create value for their shareholders, and outsourcing their tax and compliance operations is one way this can be made possible. As these firms navigate through a complex web of regulatory demands and aim to enhance operational efficiencies, outsourcing has emerged as a strategic lever for managing compliance risks and streamlining tax operations.

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Celebrating Global Finance Connecting: A Recap of ICFOA’s Anniversary Dinner

CFO Talks

Celebrating Global Finance Connecting: A Recap of ICFOA’s Anniversary Dinner Event Title: GLOBAL FINANCE CONNECTING Event Date: June 10, 2024 Event Location: The Residence Gammarth Hotel, Tunis Introduction On June 10, 2024, the International CFO Alliance (ICFOA) gathered esteemed partners and stakeholders at The Residence Gammarth Hotel in Tunis for a special dinner, marking a significant milestone in their journey.

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Driving long-term sustainable growth with an effective financial management system

Jedox Finance

For many organizations, financial management can be a daily struggle as managers and senior executives face significant, diverse challenges, ranging from poor cash flow management to cybersecurity threats. A sound, effective financial management system provides organizations with a smart way to monitor and control their operations in the short term so executives can meet their long-term vision to invest in future opportunities.

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The Real Reason Companies are Hiring Fractional Executives

CFO Selections

Earlier this year Callum Borchers, a columnist for The Wall Street Journal, wrote an article called “ These Professionals Aren’t Retired, they Just Have Zero to Prove.” The article highlighted successful professionals living what has been dubbed “a post-achievement lifestyle.” These professionals are high achievers who found enough success early in their careers that they no longer need to engage in the daily office grind to bring in a regular paycheck.

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Brain 'drain' turning to 'gain', India Inc should step up: HUL Chairman

CFO News

HUL chairman Nitin Paranjpe discussed the importance of retaining talent in India and mentioned the rising trend of 'brain-gain' during the company's annual general meeting.

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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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GST Council Meeting: Sin goods windfall, tax relief talks, and more ahead of budget buzz

CFO News

GST Council Meeting: The upcoming 53rd meeting of GST Council is poised to discuss several key measures that could pave the way for significant tax reforms ahead of the government's first full budget. Among the agenda items are -- the use of approximately Rs 70,000 crore collected from GST compensation cess on products like pan masala and cigarettes.

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Indian travellers, CXOs take to adventure trips

CFO News

Indian travelers are increasingly seeking adventure, with travel and hospitality companies noting a 30% year-on-year increase in demand for adventure trips. From biking tours in Malaysia's Penang to paragliding in Thailand’s Chiang Mai, the trend is gaining popularity among enthusiasts, including CEOs and CXOs of India Inc. Many are also interested in unique experiences in the Himalayas.

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Ola Electric is said to face investor pushback on IPO valuation

CFO News

Ola Electric Mobility is encountering resistance from investors regarding its targeted valuation for the upcoming initial public offering. According to sources familiar with the matter, the company's founder is aiming for a valuation of up to $7 billion in the Mumbai listing. However, initial feedback from investors suggests a valuation closer to $5 billion.

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Tax anomalies for make in India: Imported raw materials taxed more than finished goods

CFO News

The Indian industry manufacturing data cables have increased production capacity significantly in the past decade. Nil duty against import of data cables had been put in place because the industry did not have the capacity earlier to meet our own requirements domestically.

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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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Pre-Budget meeting with FM: Tax sops, higher capex, stable tax regime top industry wishlist

CFO News

Budget expectations: Indian industry and financial institutions had their customary pre-budget consultations with Finance minister Nirmala Sitharaman on Thursday. The suggestions from India Inc included tax sops, capex boost as well as tax stability.

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Silver's the new gold as startups rejig CXO portfolio

CFO News

Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.

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India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanza

CFO News

The Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repaying loans taken during the Covid-19 period on behalf of states. This unexpected windfall is due to robust collections from sin goods like pan masala, cigarettes, and automobiles. Officials suggest that this surplus could allow for early loan repayments and still leave a substantial amount for other uses.

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RBI to ease compliance burden while fine tuning regulations to address evolving risks

CFO News

RBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on financial resilience.

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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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Reliance shareholders approve retail unit's $4 billion lease to Jio Financial

CFO News

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business.

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Rajneesh Garg appointed as Chief Information Officer of ECU Worldwide

CFO News

Rajneesh Garg Appointed as Chief Information Officer of ECU Worldwide to lead tech transformation and software applications management.

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