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Retailer Esprit names Europe-based CFO
The announcement comes just a year after a new CEO was appointed as the company looks to revamp its fast fashion focus.
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Most blockchain applications sunk in the 'trough of disillusionment,' Gartner says
CFOs should take a wait-and-see attitude until blockchain technology, which promises to be useful in some payables, receivables, and compliance applications, proves itself.
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CFOs have to earn their seat at the strategy table, BSI exec says
Sarah Murphy brought in executives to fill gaps in the finance function and help reinvigorate a dormant Americas operation.
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Companies shifting from 'save-to-grow' to 'save-to-transform' mindset
To meet growing technological advances, business across the globe are focusing to cut costs before expanding, according to a new Deloitte study.
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How to use RPA to increase back-office efficiency
CFOs have been interested in RPA as it applies to automating aspects of the accounting function but the technology can be applied throughout the enterprise for potential operational efficiencies.
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GE to freeze pension plans in effort to shrink deficit
In order to pare down its mounting debts, GE is taking action against the pensions of several thousand U.S. employees.
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Drug companies said to raise prices without much justification
The Institute for Clinical and Economic Review, a watchdog, said evidence by pharma companies was insufficient to support a claim price hikes were justified because of additional benefit.
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Stopping travel and expense 'leakage' before it becomes a big loss
Employees typically submit $10,150 a year in reimbursements. Make sure your T&E policy provides tools for reining in unnecessary expenses.
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Unemployment drops to 3.5% — the lowest in 50 years
Stagnant wages, however, remain a source of concern for some experts.
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Cornerstone saw ARRs double after pivoting from services to products
After making its name as one of the original SaaS companies, Cornerstone faced a decision: stick with services as the space became crowded or move into products.
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Accounting GAAP: Why digital companies struggle with reporting standards
The legacy accounting system often misses the mark for many businesses.
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Fintech streamlines business payments across credit card, ACH and wire services
Brex, a unicorn startup, endeavors to equip businesses to pay invoices and bill customers in one system while earning rewards points redeemable for cash back, travel and air miles.
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RPA can save finance teams 25K working hours, study claims
Avoidable rework can take up to 30% of a full-time employee's time, according to a Gartner study released this week.
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Look at evidence before splitting up audit firms, accounting coalition says
The International Federation of Accountants and other global accounting associations say firms that combine audit and non-audit work tend to perform better than those that only perform audits.
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SEC rule expansion lets all companies 'test the waters' before issuing IPO
The SEC's rule, previously reserved for emerging enterprises, allows companies to gauge market interest among potential investors before or after filing their registration statement.
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Deep DiveThese 28 retailers could go bankrupt in the next year
That figure is more than double past watch lists, which are based on an analysis of CreditRiskMonitor data.
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Shake Shack CFO adds job title of president to role
Tara Comonte, who has served as CFO since 2017, will be one of the few CFO-presidents in the c-suite.
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Acquisitions take longer, mostly don't add value, survey finds
Fewer companies are pursuing acquisitions while global uncertainties persist. Acquiring companies only benefit in two out of five deals, according to a survey by Willis Towers Watson and Cass Business School.
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Automating accounts receivable could maximize efficiency, CEO says
Jared King, CEO of automated accounts receivable platform Invoiced, tells CFO Dive how automating parts of the finance function can double output.
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CFO's operational background helped make IFS finance function more customer-centric
Constance Minc assesses KPIs, customer and employee satisfaction to ascertain what customers want and how close her company is to providing it.
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Former auto group CFO faces $50M fine, 20 years for financing fraud
The finance executive of the now-bankrupt auto dealer contrived fake sales that cost Ford Motor Credit millions of dollars.
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CFO or CIO can lead digital transformation, but cooperation is key
Company leadership must buy in before expecting staff to get on board. That requires the two executives to identify the technology and the value it will bring.
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Lawmaker wants FASB standards subject to federal rulemaking procedures
Unhappiness with how FASB handled its Current Expected Credit Loss (CECL) standard has led to a flurry of activism in the House.
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Startup CFO advises against 'growth at all costs' mindset
Christine Park sees a trend among companies whose IPOs failed to meet expectations and believes a strategic CFO can be the saving grace.
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CFOs plan to pursue growth despite heightened macroeconomic worries
Deloitte's quarterly CFO survey shows an intention to deploy cash to generate more business.
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