Thu.Nov 07, 2024

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Benefits of Outsourced Telecom Expense Management

E78 Partners

Managing telecom expenses can be a daunting task, especially with companies working with multiple vendors, services, and technologies. Without a clear strategy, telecom costs can quickly escalate, resulting in inefficiencies and unnecessary spending. Many businesses find that monitoring telecom usage, identifying billing errors, and negotiating contract terms are time-consuming processes that distract from their core objectives.

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Ditching Dr. No: Tips for CFOs navigating AI, tech’s promises, pitfalls

CFO Dive

Once relegated to number crunching, modern CFOs typically work with chief information officers to help finance and keep score on tech projects.

Finance 283
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Trending Sources

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Banks Need a Digital Strategy to Manage the $84 Trillion Generational Wealth Transfer

Global Finance

This “Great Wealth Transfer” will impact millions of people around the world and could potentially open up exciting opportunities to reshape our financial systems and redistribute wealth to support both people and our planet. More immediately, however, this unprecedented transfer of wealth represents a major challenge for banks, particularly those who provide services to high-net-worth individuals.

Banking 105
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Remembering Richard LaValla

Focus CFO

We are saddened by the passing of our friend and colleague Richard LaValla. Richard was a brilliant fractional CFO, whose financial acumen was matched by his kindness and authenticity as a human being. Richard's impact was deeply felt by those who worked alongside him, both as colleagues and clients, as evidenced by the heartfelt tributes below.

CFO 98
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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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The Power of Listening in Effective Negotiation

CFO Talks

The Power of Listening in Effective Negotiation When it comes to negotiation, people often think of strong arguments, clear facts, and the best pitch. But here’s the twist—real negotiation power often lies in something much quieter: listening. Listening is more than a soft skill; it’s a secret weapon. In a role filled with financial data, strategic meetings, and high-stakes decisions, active listening can drive better outcomes and turn tough conversations into collaborative wins.

CFO 97

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Members’ Profile: Yvonne Dias

CFO Talks

Members’ Profile: Yvonne Dias In this edition of CFO Club Africa’s Members Spotlight, we are introducing Yvonne Dias, the Group CFO at MINT Management Technologies. Yvonne’s career in finance and leadership has positioned her as an influential figure, holding executive roles since 2005 and contributing significantly to MINT’s growth and innovation.

CFO 52
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84.50 would be the key level to watch out for Rupee vis-a-vis dollar: Naveen Mathur

CFO News

The Indian rupee is depreciating against the US dollar. The dollar index is strengthening. Experts believe the rupee may depreciate to 84.50 against the US dollar. The Reserve Bank of India may intervene if the rupee depreciates beyond this level. A weaker rupee is good for exports but will make imports costlier. This will impact the fiscal deficit.

Banking 49
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Fed cuts rate by quarter point, sees ‘balanced’ risks to inflation, jobs

CFO Dive

The reduction in borrowing costs comes just two days after Donald Trump won a second term as president, heralding likely economic policy shifts that may fuel inflation.

Economics 284
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India better positioned than Asian peers on trade linkages with China: Report

CFO News

While many EM Asian countries have been hard hit, India's position is somewhat better due to its relatively lower dependency on trade with China, according to a report by Emkay.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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4 employment actions to expect under a second Trump presidency

CFO Dive

Employers are likely to see immigration raids, agency chair replacements and a slowing in regulatory activity, experts at Littler predicted.

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200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs

CFO News

At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.

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10 Investing Lessons from the 2024 Election

Barry Ritholtz

Well, that was interesting. Every presidential election in the United States, regardless of the outcome, offers something to be intrigued by. 2024 was no different. I have spent much of my career studying human decision-making and behavior, especially when we engage in herd behavior. This election provided some lessons for those who were paying attention.

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Paramesu Biotech files Rs 600 crore IPO papers with Sebi

CFO News

Paramesu Biotech Ltd, a leading manufacturer of maize-based products, recently filed for an IPO to raise Rs 600 crore. The company plans to use the funds for expansion and debt repayment. Paramesu Biotech has a strong market presence in India and abroad. Its revenue and profits have shown consistent growth in recent years. Pantomath Capital Advisors will manage the IPO.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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The Wisdom and Madness of Crowds: Market Prices as Political Predictors!

Musings on Markets

In this, the first full week in November 2024, the big news stories of this week are political, as the US presidential election reached its climactic moment on Tuesday, but I don't write about politics, not because I do not have political views, but because I reserve those views are for my friends and family. The focus of my writing has always been on markets and companies, more micro than macro, and I am sure that you will find my spouting off about who I voted for, and why, off-putting, much a

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Tamil Nadu sanctions Rs 29 crore to expand industrial infra in Trichy; footwear park to create jobs

CFO News

To accommodate growing industrial demand, the Tamil Nadu government is investing ₹29 crore in infrastructure upgrades for the Manapparai Sipcot industrial park. This includes new roads, drainage, and a water supply network. Additionally, a new 100-acre industrial park will be established in Padalur to support the expanding non-leather footwear sector in the region.

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Mukesh Ambani's Big Move: Reliance Enters Snack Market To Challenge Haldiram & Britannia

CFO News

Reliance Industries chairman Mukesh Ambani is planning big about the snacks business expansion. The company's plan to enter into the consumer markets, especially snacks has triggered a competition.

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Manufacturing will play pivotal role in shaping Viksit Bharat

CFO News

It is initiatives like 'Make in India' that have played a pivotal role in boosting the automotive manufacturing prowess, building confidence in local competencies, in local talent pool having global capabilities, positioning India as a potential 'global manufacturing hub'. For instance, we now produce two world-class electric vehicles (EVs) in Pune, the first market outside Germany and the US to accomplish this feat.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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Europe's ESMA wish to audit CCIL 'extra jurisdictional', will never agree to the demand: RBI DG

CFO News

"There is no way we can agree to that. It is not possible to agree to that without compromising on your sovereignty of, you know, policymaking. There is no way anyone can agree. If other countries have agreed, I do not understand how they have," RBI Deputy Governor T. Rabi Sankar said.

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MGL, IBC US sign pact to set up Li-ion battery cell manufacturing facility in India

CFO News

The move aims to reduce dependency on imports and support the “Make in India” initiative by setting up a giga factory in Bangalore, where prismatic NMC cells will be produced for the mobility and battery storage sectors.

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Haldiram Bhujiawala secures Rs 235 crore from Pantomath's Bharat Value Fund; sells minority stake

CFO News

The funds will be used to expand Haldiram’s manufacturing capabilities and enter new markets. BVF, which recently launched its third fund with a corpus of Rs 2,500 crore, invests in profitable, growth-stage companies. Haldiram Bhujiawala is its sixth investment.

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India continued to lead APAC office market activity, driving over 70% of the total demand during Q3 2024

CFO News

The Asia Pacific office market is expected to witness growth in 2025. Demand for office spaces surged in the third quarter of 2024. India dominated the market, accounting for over 70% of the total office demand. Bengaluru and Hyderabad led the demand in India. Rental rates are projected to rise due to robust demand.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Charity by India Inc up 4%, Nadar biggest giver

CFO News

Indian philanthropists donated a total of Rs 8,783 crore in FY24, a modest increase from the previous year. Shiv Nadar topped the list for the fourth consecutive year, donating Rs 2,153 crore, primarily towards education. The EdelGive-Hurun India Philanthropy List 2024 highlights the growing trend of substantial donations among India's wealthiest individuals.

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Tax reforms, simpler customs procedure top Budget wishlist

CFO News

Indian industry bodies met with revenue secretary Sanjay Malhotra. They presented their tax proposals for the upcoming budget. The Federation of Indian Chambers of Commerce and Industry (FICCI) proposed comprehensive tax reforms. The Confederation of Indian Industries (CII) suggested simplifying the goods and services tax (GST) regime.

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India should be part of RCEP, CPTPP: Niti Aayog CEO

CFO News

​"India is one of few countries which are not a part of large trade agreements. India should be a part of RCEP (Regional Comprehensive Economic Partnership) and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and become a member," Subrahmanyam said at an event organised by industry body Assocham.

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Fed cuts rates, notes labor market easing and solid economic growth

CFO News

The Federal Reserve has reduced interest rates by a quarter percentage point, citing a cooling job market and progress in controlling inflation. Despite the positive economic indicators, the central bank acknowledges potential uncertainties tied to the recent presidential election.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.