Technology has transformed the role of the CFO, Microsoft India CFO Hiren Israni writes. He discusses how a CFO works with data -- with advisers -- and how he or she communicates and handles compliance. "We're using tools to gain insights into the vast amount of business data (Big Data) and helping the leadership team to determine how to use that knowledge to effectively meet the company's goals," Israni writes.
Companies are increasingly engaging in intercompany borrowing to fund captive operations, according to a report from Marsh. Before the economic downturn, captives were largely invested in equities. The report says 52% of captives' investment consists of intercompany loans; 22% is in equities, and 20% is in cash.