The Latest

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  Salesforce North America unit takes ‘brunt’ of revenue slowdown

  The cloud software company’s revenue growth slowed in the U.S. during the first quarter of its fiscal year 2024 while expanding in other parts of the world, its CFO said.

  Financial reporting

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  AI can double productivity in three years: Gartner

  CFOs are more likely to succeed in adopting artificial intelligence if they take steps to overcome cultural obstacles to the new technology, according to a Gartner expert.

  Strategy & operations

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  Use case is key in getting started with AI: Gartner analyst

  While generative AI holds immense promise, some use cases in the short term may be too risky without careful “stress testing,” says Gartner analyst Arun Chandrasekaran.

  Strategy & operations

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  Prudential PLC CFO resigns amid recruiting conduct probe

  The Hong Kong, China-based insurer said its CFO “fell short” of the high standards that Prudential PLC sets and expects all of its colleagues to adhere to.

  Strategy & operations

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  Wayfair exec heads to Pinterest as CFO

  Roughly three months after Pinterest CFO Todd Morgenfeld announced his departure, the craft-focused social media company has hired Julia Brau Donnelly to take the helm.

  Financial reporting

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  Struggling biotech reups support for CEO-CFO

  Exicure’s newly-minted CEO-CFO is attempting to find new potential partners and explore other avenues of growth to right the course of the struggling biotech.

  Financial reporting

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  Nestlé poaches LSEG CFO amid sector churn

  Two consumer goods giants announced CFO exits Tuesday. Only Nestlé named a successor.

  Strategy & operations

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  Consumer confidence sags on gloomy jobs outlook

  The proportion of consumers who said jobs were hard to get rose in May, the Conference Board said.

  Strategy & operations

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  CFO turned VC puts investment focus on discipline

  In this new venture environment, having a disciplined approach to scale is critical, former CFO turned VC partner Marc Stoll said.

  Leadership

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  Visibility is key for protecting cash flow, Trovata CEO says

  A new treasury platform is using ChatGPT technology to give finance chiefs higher visibility into their cash flow.

  Strategy & operations

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  Accessible tech advocate Haben Girma gets CFO audience

  Girma, the first blind and deaf woman to graduate from Harvard, is set to speak at Gartner’s 2023 CFO & Finance Executive Conference.

  Compliance

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  Most small businesses worry about credit squeeze: Goldman

  Inflation last month persisted at more than twice the Federal Reserve’s 2% target, raising the possibility that policymakers may raise borrowing costs again next month.

  Strategy & operations

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  Costco holds back on membership fee hike

  As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.

  Financial reporting

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  Workday CFO stepping down, former Apple exec to take over

  Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.

  Financial reporting

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  ChatGPT aces CPA exam after prior version flunked

  ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

  Financial reporting

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  Opinion

  Accounts payable shouldn’t be a cost center

  CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

  Strategy & operations

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  Drawing on SEC chops, Fundrise CFO preps for aftermath of inflation

  The SEC and KPMG alum talks about embracing uncertainty, being willing to make wide career pivots and her outlook on the economy.  

  Financial reporting

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  WeWork CFO follows CEO out the door

  Andre Fernandez’s swift exit marks the company’s fourth CFO transition since March of 2020.

  Strategy & operations

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  Nvidia revenues soar amid AI demand

  The chipmaker’s finance chief credited generative AI with driving “exponential growth” in the computing sector.

  Financial reporting

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  C-suite leaders see AI boosting productivity: KPMG

  Top executives expect AI will especially improve efficiency in a range of finance functions.

  Technology

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  TripleLift hires ex-Politico CFO

  The Politico alum joins executive colleagues from Yahoo and Amazon in TripleLift’s C-suite as the company looks toward its next phase of growth amid data privacy and economic challenges.

  Technology

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  Fed officials disagreed on need to raise rates in June

  Financial markets signal expectations that the Fed will reverse course and begin to trim borrowing costs as early as September.

  Strategy & operations

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  Zoom raises forecasts, continues on AI train

  The company is positive in its look ahead for 2024, despite recent headcount reductions and a slowing business environment.

  Strategy & operations

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  SEC enforcement not ‘a game of gotcha,’ Grewal says

  The SEC will press on with aggressive enforcement while seeking to collaborate with companies under scrutiny, the agency’s enforcement director said.   

  Strategy & operations

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  As employees eye new tech, Nintex CFO stresses balance

  CFOs and their C-suite peers need to look at both what they want out of tools like generative AI as well as what their employees are asking for when it comes to technology.

  Technology

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