CFO Perspective articles

Data and Cyber-Related Risks Remain Top Worries for Audit Executives: Gartner

Data and Cyber-Related Risks Remain Top Worries for Audit Executives: Gartner

As organizations continue to collect customer and employee data, chief audit executives (CAEs) are increasingly concerned about how to govern and protect it, according to Gartner. According to Gartner’s annual Audit Plan Hot Spots Report, data governance has risen to the top spot of CAEs’ audit concerns, up from second place in last year’s report,

PayPal to provide online payment services in China

With its acquisition of 70 percent of GoPay, a domestic payments provider in China, PayPal is all set to enter China’s payment services market which is currently dominated by Tencent WeChat Pay and Alibaba’s AliPay. Gopay Information Technology has received approval from China’s central bank to sell a 70% stake to PayPal. This makes PayPal

Banks Risk Losing US$280 Billion in Payments Revenue by 2025, study says

As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture. The report found that global payments revenue will likely grow at an annual rate

Grameenphone Appoints Jens Becker as the New CFO

Grameenphone has appointed Jens Becker as the new Chief Financial Officer (CFO) of the company, effective from August 15, 2019. He will be replacing Karl Erik Broten. Jens Becker has been serving as CFO of T-Mobile Poland. Previously, he was the CFO at T-Online International AG. He has over 20 years of experience in Deutsche

Salesforce to Buy ClickSoftware for $1.35 billion

Organizations around the world like Bosch, Deutsche Telekom, Ericsson and Unisys rely on ClickSoftware to optimize each service interaction Salesforce has agreed to buy Israel’s ClickSoftware for $1.35 billion. ClickSoftware is a leading provider of field service management solutions and has customers around the world including Bosch, Deutsche Telekom, Ericsson, National Grid, PG&E and Unisys.

Nike Acquires Predictive Demand Company Celect

The acquisition accelerates Nike’s ability to anticipate consumer needs. Nike has acquired Boston-based retail predictive analytics and demand sensing firm Celect. The terms of the deal were not disclosed. Celect is Nike’s latest acquisition fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale. “With the acquisition of Celect, Nike greatly accelerates

Infosys Announces Joint Venture with Hitachi, Panasonic and Pasona in Japan

Joint venture to accelerate business process transformation for enterprises leveraging digital procurement platforms. Infosys today announced the formation of a joint venture with Hitachi, Ltd., Panasonic Corporation and Pasona Inc., strategically enhancing its presence in Japan. Executing on its strategy to help clients navigate their digital journey, the entity formed by complementary, iconic companies coming

Shashank Patkar Takes Over as Geometric CFO

Geometric Ltd. announced that the company’s erstwhile Chief Mentor, Mr. Shashank Patkar will take over as the Chief Financial Officer and Global Head of Finance effective February 9th, 2015. Mr. Patkar takes over from Mr. Neeraj Dutt, who has decided to leave for personal reasons. Shashank Patkar has been a part of the Geometric group