Wed.Nov 20, 2024

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When Does a Business Need a CFO?

CFO Selections

There is no one better positioned to create sustainable financial success inside a business than the CFO. A CFO takes their financial expertise and channels it into a strategic leadership role to create financial success for the company and its stakeholders. As such, their responsibilities include: budgeting and forecasting, managing mergers or acquisitions, and handling compliance issues.

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Why AI alone won’t solve biased underwriting

CFO Dive

Combining AI advances with thoughtful, human-powered selection of risk data that benefit the members of underserved communities is the winning strategy for fairer underwriting, Jin Han writes.

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Trending Sources

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Microsoft Fabric October Update: Smarter Copilot Power BI Reports and GitHub Real-Time Dashboards

Collectiv

Welcome back to a brand new episode of Fabric Threads, where we’re diving into the latest updates to Microsoft Fabric and how they can help you overcome some of the most pressing everyday business challenges. I follow a lot of the Fabric development team on LinkedIn, so I’ve been seeing some of the buzz about new features throughout the last month. I couldn’t wait to share some of the great features they’ve been posting about this month.

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Walmart CFO keeps eye on prices, tariffs

CFO Dive

Walmart is looking to continue to attract high-income consumers with the right price mix, even as CFO John Rainey anticipates price hikes in the face of potential tariffs.

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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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Seeking Best Execution: Understanding The SEC’s Expectations For Advisors To Deliver Best Outcomes For Clients

Nerd's Eye View

Investment advisers are fiduciaries that owe a duty of care and loyalty to their clients. One component of this duty of care is an obligation to seek best execution of client securities transactions. While this requirement might sound relatively straightforward, the lack of a single definition for what this duty actually requires can make it challenging for advisers seeking to understand precisely what it means to comply with this responsibility.

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Members’ Spotlight: Charles Westermeyer

CFO Talks

Members’ Spotlight: Charles Westermeyer In this edition of CFO Club Africa’s Members Spotlight, we are introducing Charles Westermeyer , a seasoned financial professional and the current Director of Bluline Accounting Tax Assurance (Pty) Ltd , where he has been making a significant impact since 2016. With his credentials as a Business Accountant in Practice BAP (SA) and a Licensed Independent Reviewer with CIBA , Charles is known for blending technical expertise with strategic foresight.

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India's auto parts industry poised to cross $80 bn revenue in 2024-25

CFO News

The revenue of India's automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2 billion, according to B2B risk management consultancy Rubix Data Sciences.

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Cross-Listed Companies, Navigating International Reporting Standards 

CFO Talks

Cross-Listed Companies, Navigating International Reporting Standards You are running a business that’s performing well in South Africa. The next logical step might be to take your company to international markets by listing on a foreign stock exchange. Cross-listing opens doors to new opportunities—global investors, more capital, and enhanced brand recognition.

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Majority healthcare job postings seek women professionals: Report

CFO News

India's healthcare sector is witnessing a surge in demand for women professionals. Government spending and private sector expansion are driving this growth. Apna.co, a job platform, reports 60% of healthcare jobs target women. Demand is high for roles like nurses, pharmacists, and technicians. This trend is observed in both major cities and smaller towns.

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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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Confessions from Nonprofit Leaders: Struggles, Setbacks, and Survival Stories

The Charity CFO

Welcome to the 100th episode of A Modern Nonprofit Podcast! Today, we’re doing something special: we’ll be diving into the confessions and candid struggles of nonprofit leaders, exploring some of the most difficult, eye-opening, and surprising challenges they face. In this special 100th episode of A Modern Nonprofit Podcast, host Tosha Anderson is joined by Aaron Landis to discuss common challenges faced by nonprofit leaders.

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Nvidia's AI chip demand still booming but slowing sales growth worries investors

CFO News

Still a stunning rate of growth thanks to huge demand for the company's chips that make up the brains of complex generative AI systems, it marks a clear slowdown from previous quarters when Nvidia mostly posted sales that at least doubled.

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How ‘Flat’ Is The World? DHL Global Tracker Offers Answers  

Global Finance

A new interactive tracker provides more timely, and surprising, answers about trade ‘connectedness’ around the world. Is globalization reversing? Will US tariffs derail global trade? Is the world splintering into geopolitical trade blocs? Answers to these questions will now come faster—if not in real time, then at least quarterly—due to the new DHL Global Connectedness Tracker.

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Growth Projections: How ICRA, Morgan Stanley, and Moody’s see the road ahead?

CFO News

ICRA projects a dip to 6.5% in Q2 FY25 due to weak margins and heavy rains but expects 7% growth for the year. Morgan Stanley recently revised its FY25 forecast to 6.7%, citing slow Q2 data. Moody’s pegs CY2024 growth at 7.2%.

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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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Trump win, interest rate cuts could spur M&A spike next year: EY

CFO Dive

Dealmakers are “energized” by the prospect of less regulation in the coming Trump administration as well as continued interest rate cuts, said EY’s Mitch Berlin.

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Gautam Adani indicted in US over role in alleged bribery, fraud

CFO News

Primarily, the charges are: "Conspiracy to commit securities and wire fraud, as well as substantive securities fraud, for their roles in a multi-billion-dollar scheme to obtain funds from US investors and global financial institutions through false and misleading statements"

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Preparing for Tariffs: 4 Proactive Strategies for Small Businesses 

CFO Share

As the Trump Administration’s tariff plans approach reality, you may worry about their impact on your small business. Planning ahead can mitigate tariff risks, maintain profitability, help you sleep better at night, and position your business for long-term success in a changing economic environment. Below, we discuss four key strategies to help small businesses navigate this transition effectively.

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NCLT grants approval to Mahindra Homes’ share capital reduction plan

CFO News

Mahindra Homes, a joint venture between Mahindra Lifespace Developers and Actis, has received approval from the National Company Law Tribunal (NCLT) for its capital reduction proposal. The move, which involves canceling certain equity shares, will optimize capital allocation without impacting ongoing projects or homebuyer interests.

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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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Biometric authentication to begin at 46 GST service centres to check registration fraud

CFO News

Experts said unscrupulous taxpayers exploit the online system to generate GST registrations and engage in fraudulent transactions, but biometric-based Aadhaar authentication is perceived as maintaining vigilance on such spurious registrations. In MP, of the total five GST service centres will be operated by the CGST at Indore, Ujjain, Bhopal, Jabalpur, and Gwalior, whilst other centres will be managed by SGST.

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Wockhardt chairman seeks GST exemption for antibiotics discovered in India

CFO News

Wockhardt founder sought GST exemption for antibiotics discovered in India. He said this will make the drugs more affordable. The statement was made at an event to celebrate the scientific completion of the first indigenously developed antibiotic Nafithromycin. Nafithromycin is the first macrolide antibiotic in 30 years for community-acquired bacterial pneumonia.

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IBBI proposes amendments to liquidation regulations

CFO News

The Insolvency Bankruptcy Board of India has released a discussion paper proposing changes to the liquidation process regulations. The proposed amendments aim to enhance transparency, streamline the auction framework, and clarify procedures for closing liquidation processes. The board is seeking public comment on the proposed changes until December 9, 2024.

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India’s services exports to outpace goods by FY30, cut US tech giants’ dominance for growth: GTRI

CFO News

India's services exports are predicted to surpass merchandise exports, reaching $618.21 billion by FY30, according to a report by GTRI. This growth will be driven by IT and other business services (OBS). However, the report emphasizes the need for diversifying IT exports beyond the US and regulating the dominance of American tech giants to ensure sustained growth.

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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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NTPC bets on large projects for 60 gigawatt solar dream

CFO News

He said NTPC has developed capabilities in all areas of the renewables and enjoys certain advantages. "It's not that we started yesterday. We have been in solar for a decade. We have the experience in commissioning, operating, commercial. You name it, we have it," he said.

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India focussed on developing content creators' economy: Ashwini Vaishnaw

CFO News

India is focusing on its content creators to showcase its rich heritage and culture. The country's creative economy is now a USD 30 billion industry. It contributes nearly 2.5 percent of GDP and provides livelihood to eight percent of the workforce. More cities like Guwahati, Kochi and Indore are becoming creative epicenters.

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Skills shortage hobbles India's clean energy aspirations

CFO News

​ India's ambitious plan to expand domestic manufacturing is coming up short in the solar industry which is grappling with inadequate government funding and a skills shortage, potentially jeopardising its clean energy targets, industry leaders said.

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RBI can't budge on rates due to inflation target: Economists

CFO News

Economists anticipate interest rates to remain high due to inflation surpassing the Reserve Bank of India's target. Government officials advocate for rate cuts to boost the economy. Banks observe a rise in deposit rates, with some projecting rate cuts by February.

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Solve Your Firm's 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.