Fri.Sep 06, 2024

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ERP for the Consumer Products Industry: Driving Efficiency and Growth

Navigator SAP

Being a consumer products company is not easy today. From changing consumer patterns to market uncertainty and volatility, brands are rethinking how to continue revenue growth and add efficiency. For many brands, ERP for the consumer products industry is the path forward.

Marketing 225
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Fewer small businesses plan near-term raises, survey says

CFO Dive

While the share of small business owners planning near-term raises ticked down, average pay hikes are on track to outpace inflation, according to QuickBooks’ findings.

Planning 283
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Trending Sources

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Tackling Trade With Tech: Q&A With DBS Bank’s Aaron Chiew

Global Finance

Digital solutions are helping corporates manage global shifts, says Aaron Chiew, head of IBG Digital Channels for the Institutional Banking Group at DBS Bank. Global Finance: How is your digital focus helping clients react to ongoing global shifts? Aaron Chiew: Corporates are facing multiple complexities today. Supply chain disruptions, Asia’s rising middle-income population and the rapid digitalization of financial services have led to a fundamental shift in consumer behavior and the way corpor

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RealPage lawsuit opens a new antitrust front for pricing algorithms

CFO Dive

The rise of Big Data across the economy raises antitrust concerns, especially where companies are sharing sensitive proprietary data, legal experts say.

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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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Weekend Reading For Financial Planners (September 7–September 8)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious activity to Treasury's Financial Crimes Enforcement Network, with firms having until January 1, 2026 to comply with the rule.

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AI takes centre stage in driving enterprise growth, research finds

Future CFO

As digital transaction management become more revolutionised, artificial intelligence takes on the center stage in driving enterprise growth, according to Aragon Research. Finance leaders must keep tabs on how this technological advancement transforms the business scene as the market veers to an increasing reliance on AI assistants to automate and digitise paper transactions.

Finance 98
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Sebi officers protest in Mumbai, demand chief Madhabi Buch's resignation

CFO News

Protest Against Madhabi Puri Buch: Over 500 Sebi officers protested at the Mumbai headquarters, demanding chairperson Madhabi Puri Buch's resignation and withdrawal of a media statement accusing them of being influenced by external elements. The silent protest followed earlier complaints about HR issues and a press release they described as spreading lies against employees.

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Tighter User Touch Points: Q&A With Bank Of Georgia’s Levan Gomshiashvili

Global Finance

Levan Gomshiashvili, chief Marketing and Digital officer at Bank of Georgia, explains the importance of technology and partners in providing exceptional user experience. Global Finance: What steps have you taken to create a seamless and intuitive digital banking experience? Levan Gomshiashvili: Creating a seamless digital banking experience is all about putting the customer first.

Banking 52
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PwC warns of AI risk management gap as industries rush to embrace tech

CFO News

Only 58% of executives in sectors like healthcare, technology, and financial services have conducted a preliminary assessment of AI-related risks, despite the widespread adoption of the technology.

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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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Making Complex Financial Decisions with a Fractional CFO

CFO Plans

In today’s dynamic business environment, making informed and strategic financial decisions is paramount to achieving sustainable growth and profitability. For many businesses, especially startups and small to medium-sized enterprises, hiring a full-time Chief Financial Officer (CFO) can be financially daunting. Enter the fractional CFO—a cost-effective solution that delivers high-level financial expertise on a flexible basis.

CFO 52
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Global capital available, India must act on tax and governance frameworks, says MD of NaBFID

CFO News

Rajkiran Rai G, MD of NaBFID, discussed the importance of creating a conducive tax and governance framework to attract global capital for infrastructure. Rai highlighted domestic savings, the low risk of infra defaults, and the need for improved technology efficiency in the public sector.

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World’s Best Digital Banks 2024—Round 1

Global Finance

Changing customer expectations and the need to maintain a competitive edge continue to drive digital banking as both consumer and corporate banks rush to provide customer convenience, personalized services, and speed. Digital transformation in the banking sector has moved from simply updating outdated systems to becoming a key strategy for boosting profitability.

Banking 52
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MSKA quits as Byju's auditor, two years after Deloitte exit

CFO News

Audit firm MSKA & Associates has resigned as Byju's statutory auditor, citing uncooperative management and suspicious transactions involving a Dubai-based reseller. This resignation affects the audit for FY23 accounts and follows Deloitte Haskins & Sells' exit in 2022. The firm reported difficulties in obtaining necessary information and raised concerns over Byju's financial stability.

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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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Innovation With Purpose: Q&A With TD Bank Group’s Montresa McMillan

Global Finance

Montresa McMillan, senior vice president of Enterprise Digital Strategy, Innovation & Payments and Strategy, and Change & Operational Excellence at TD Bank Group, explains why customers, colleagues and communities are at the heart of innovation. Global Finance: How does TD approach innovation and what are some of the areas you are exploring?

Banking 52
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Payments cos handed GST bill for transactions below Rs 2,000

CFO News

More than 80% of the total digital payments in India are of less than Rs 2,000 in value. The payments aggregators have not been charging tax on the service they provided to merchants on such transactions, following a government notification issued during demonetisation in 2016.

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Looking into vacancies in Income Tax appellate tribunals: SC

CFO News

The Supreme Court on Friday told a Bengaluru-based bar body that it is looking into issues related to vacancies in income tax appellate tribunals (ITATs).

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PAC chairperson says panel to decide on Buch's appearance

CFO News

​The Congress has questioned payments made to Buch by ICICI Bank, her former employer, after she became a whole-time member of SEBI, and sought an independent probe into the matter.

Banking 40
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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.

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Banks at disadvantage to mutual funds, says IBA chairman

CFO News

Banks face challenges in attracting deposits due to regulatory restrictions, making mutual funds more appealing. Indian Banks’ Association chairman MV Rao highlights the need for government support to draw savers. HSBC India CEO suggests studying deposit creation causes, while SBI chairman notes difficulties with special schemes like green deposits.

Banking 40
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Financial services sector must grow 20x for India to reach $30 trillion GDP, says report

CFO News

India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FICCI, and Indian Banks’ Association highlights the need for $4 trillion in bank capital and emphasizes financial inclusion, digitization, and emerging technologies as key drivers for this growth.

Banking 40
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Tatas' aviation business more than halves loss in FY24: Annual report

CFO News

The Tata Group's aviation business, including Air India and Vistara, reduced losses to ₹6,337 crore from ₹15,414 crore. Air India saw a 24% revenue increase to ₹51,365 crore. Tata Digital's business grew 148%, but net losses widened. Tata Sons' net profit rose 57% to ₹34,654 crore.

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Tax authorities seek $101 million in Byju's insolvency process

CFO News

Backed by General Atlantic, Byju's was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company's insolvency that led to an assets freeze.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Semiconductor mission may get $10-billion booster shot

CFO News

ISM, a division within the Digital India Corporation tasked with furthering the country’s semiconductor manufacturing, packaging, and design capabilities was first established in 2022 with a budgetary allocation of $ 10 billion. “The second phase of ISM will be launched soon; the allocation will be around the previous phase. Two more proposals are expected to get approvals,” said an official.