The Latest

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  Weaker consumer spending to trigger mild recession in 2024: Fannie Mae

  Consumer sentiment sagged this month, a survey showed, bolstering forecasts that holiday sales and consumer spending will decline in coming weeks.

  Strategy & Operations

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  Sponsored by Bellus Ventures

  Structure matters: How ITC transfers mitigate risk and maintain compliance

  The Investment Tax Credits (ITC) transfers are a powerful new tool for corporations to manage their tax liability. However, executing ITC purchases requires robust due diligence, structuring and insurance to de-risk each transaction.

  Strategy & Operations

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  OpenAI chaos shows need for multiple-vendor approach: Zoom CFO

  Zoom is one of many companies betting heavily on the future of artificial intelligence following the rapid rise OpenAI’s ChatGPT service.

  Strategy & Operations

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  Cover Genius looks to deepen FP&A team

  A robust FP&A team is critical for businesses to be able to properly plan for the future, Cover Genius CFO David Rudow said.  

  Financial Reporting

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  Coupa names new CFO in C-suite shakeup

  The appointment is the latest in a series of leadership changes at the company following its acquisition by private equity firm Thoma Bravo.

  Technology

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  With ex-controller back on the stand, Trump defense looks to muddy accounting waters

  The ex-controller pointed to long-time independent accountants Mazars USA as responsible for preparing the Trump Organization's financial statements.

  Financial Reporting

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  Intuit’s QuickBooks angles to grow up — with its customers

  With advanced access controls, workflow and reporting tools, QuickBooks is increasingly positioning itself to serve larger firms.

  Technology

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  Economy sputtering toward ‘very short recession’: Conference Board

  The economy will likely shrink in coming months and end 2024 with just lackluster growth, the Conference Board said.

  Strategy & Operations

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  Chaos at OpenAI raises questions about enterprise reliance on ChatGPT

  With OpenAI's leaders ousted and staff in revolt, the volatility could cause enterprises to shift where they procure generative AI. 

  Technology

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  Nikola CFO steps down after six months amid wobbly EV market

  Anastasiya Pasterick will leave the EV maker after a half-year stint in the top financial seat to take a CFO role at aerospace firm Universal Hydrogen.

  Financial Reporting

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  Testing AI in the finance function: McKinsey

  In coming years, generative AI will be “table stakes” for all forward-looking finance teams, according to a McKinsey AI guide for CFOs.

  Strategy & Operations

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  Opinion

  Leveraging AI to step up your CFO game in 2024

  While the world is dreaming of big problems AI might solve, business leaders should look to use the technology to address specific company pain points, writes Vic.ai’s Anand Desai.

  Strategy & Operations

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  Star Tribune taps Target exec for CFO

  Stephanie Ness is joining the Star Tribune Media Company as it battles declining print revenue and slowing digital subscription growth.

  Leadership

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  Wise CFO credits customer growth for 280% profit jump

  The fintech’s nearly quadruple jump in profits comes as its CFO is preparing to depart after an eight-year tenure.  

  Financial Reporting

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  FASB appointment extends women’s historic majority

  The latest appointment follows Joyce Joseph joining the FASB in July, which marked the first time women have outnumbered men on the standards setter’s board.

  Compliance

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  Checkers and Rally’s names CFO, CMO

  Michael Blair, previously at Miller’s Ale House, joins the chain as CFO, while Scott Johnson, previously at Jollibee, takes the CMO role.

  Leadership

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  Johnson & Johnson CFO: Pandemic lesson drove $40B deal’s fast pace

  COVID-19 taught J&J’s finance chief the value of “speed and agility” in business, Joseph Wolk said at the MIT Sloan CFO Summit. 

  Strategy & Operations

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  Palo Alto revenue surges amid ‘unprecedented’ cyberthreats

  Escalating cyberthreats and related regulatory pressures are keeping customer demand high, the company’s CEO said.

  Financial Reporting

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  Deep Dive

  Next-gen CFOs: Forging a new path

  The finance chief has long been more than a routine number-cruncher. For Gen Z, the route to the CFO chair will likely better reflect the role’s complexity.

  Technology

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  Retail sales fall, adding to signs economy cooling after hot Q3 growth

  Gradual declines in consumer spending, hiring and inflation suggest that the Federal Reserve may achieve a “soft landing” for the economy.

  Strategy & Operations

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  ‘Cash is king’ carries new weight in high-rate, SVB era

  The higher cost of capital has executives doubling down on cash by incentivizing customers to pay sooner and holding inventory reins tighter, according to panelists at the MIT Sloan CFO Summit.

  Treasury

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  Lowe’s veteran tapped for Advance Auto CFO seat

  The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

  Strategy & Operations

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  Inflation slows, spurring bets Fed will start cutting rates in May

  Price pressures declined last month in all major categories except for food, the Labor Department reported.

  Strategy & Operations

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  Escalating SaaS prices outpace CPI inflation

  Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice. 

  Strategy & Operations

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  Express Inc. CFO is out

  Jason Judd arrived from Big Lots just last year, before the recent appointment of Stewart Glendinning as CEO.

  Leadership

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  Orsted CFO, COO step down following large losses

  The two executives are departing as the offshore wind industry flounders among rising interest rates, narrowing margins and challenged supply chains.

  Financial Reporting

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