Auvik adds private equity vet as CFO in C-suite shakeup

The IT management company is at an "inflection point" as it adjusts to being owned by a private equity firm and evolves to meet customer demand, its new CFO says.

By Alexei Alexis • April 10, 2023

SVB shareholder suit cites KPMG’s ‘silent’ audit

The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse.

By Maura Webber Sadovi • April 10, 2023

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Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like agentic AI evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Matillion CFO: Melding operational, finance skills can boost decision-making

Pairing operational and finance skills can help prepare CFOs to make better decisions and to eventually take on broader roles, newly-minted Matillion CFO and COO said.

By Grace Noto • April 10, 2023

Why CFOs must take inventory reins

The people responsible for bloated inventory levels don’t all sit in factories and warehouses, Ernst & Young’s Peter Kingma writes. 

By Peter Kingma • April 7, 2023

Samsung employees leaked corporate data in ChatGPT: report

Data privacy is a concern for companies with employees using ChatGPT’s web-based interface, as input data is used to train and improve the tool.

By Lindsey Wilkinson • April 7, 2023

Walmart automates to combat inflation, CFO says

The retailer is upping its investments in automation as it looks to manage costs and pricing during an inflationary environment.

By Grace Noto • April 7, 2023

Using a disciplinary matrix to tie compensation to compliance

A good way to earn DOJ cooperation credit is to be clear on paper what violations will result in a pay reduction or clawback, a Morgan Lewis partner says. 

By Robert Freedman • April 6, 2023

Zayo taps Verizon alum for CFO

Jeff Noto takes on the role of finance chief as Zayo stacks its leadership with telecom veterans before a planned push for growth.

By Grace Noto • April 6, 2023

UberEats loses global CFO to tech startup Remote

Michiel Boere has left Uber to become the first finance chief of Remote, a tech startup that provides tools and services for managing dispersed workforces.

By Alexei Alexis • April 6, 2023

5,000 GM workers opt for buyout plan, CFO says

The company buyout is part of a GM program aimed at cutting costs by $2 billion by the end of 2024 while avoiding layoffs.

By Alexei Alexis • April 5, 2023

Modern finance goes leaner

No matter how big a company’s finance department is these days, it’s most likely much smaller than it would have been just a few decades ago.

By Chris Gaetano • April 5, 2023

Automation can curb finance burnout

Finance leaders are looking closer at automation as a talent retention tool as employees eye new opportunities.

By Grace Noto • April 4, 2023

Sirius XM promotes controller to CFO

The New York City-based satellite radio company has named a new CFO just under a month after it reduced its workforce by 8%.

By Maura Webber Sadovi • April 4, 2023

Cyberattacks hit almost all companies last year, Sophos says

A constant barrage of malicious activity has organizations reeling, negatively impacting their ability to accomplish IT projects or dedicate time to strategic issues.

By Matt Kapko • April 4, 2023

Esker, HighRadius top C2C software rankings

Esker, HighRadius and FIS Global surpassed modern C2C software industry peers such as Billtrust, BlackLine, and Cforia in a study by the Hackett Group.

By Alexei Alexis • April 4, 2023

No, AI isn’t coming for your CFO seat

CFOs are likely here to stay for the foreseeable future, despite predictions that automation will transform corporate finance functions, experts say.

By Alexei Alexis • April 3, 2023

Ex-Trump CFO, facing fresh legal pressure, swaps attorneys

The legal turmoil still swirling around the Trump Organization’s former CFO shows just how closely intertwined a finance chief’s fate is with that of the organizations they serve.

By Maura Webber Sadovi • April 3, 2023

WANdisco appoints interim CFO as finance chief, CEO step down

The British cloud computing company said the resignations of the firm’s CEO and CFO are not connected to the ongoing investigation into the company’s finances.  

By Grace Noto • April 3, 2023

Marketers, pricers are out of sync on inflation strategy

CFOs have major decision power when it comes to developing pricing — the fastest lever companies can pull to adjust to inflation, Revionics’ Matt Pavich says.

By Suman Bhattacharyya • April 3, 2023

Weighing pros, cons of ‘fractional’ CFOs

A fractional CFO could help companies achieve their strategic goals, but firms must carefully weigh the pros and cons of making such a choice.   

By Grace Noto • March 31, 2023

Rolls-Royce taps first woman CFO in leadership shakeup

The leadership change follows the installment of Tufan Erginbilgic as the company’s new CEO in January.

By Alexei Alexis • March 31, 2023

Alibaba Group CFO stays put

Alibaba Group’s CFO will stay on as the company evaluates the shape and nature of its planned split into six distinct entities.

By Grace Noto • March 30, 2023

Bed Bath & Beyond files to raise $300M in market

In spite of the struggling retailer’s creative efforts to raise capital, Morningstar analysts wrote Thursday that they still expect the firm to eventually declare bankruptcy. 

By Maura Webber Sadovi • March 30, 2023

Finance staff digital skills outstrip leadership: study

As AI and automation continue to advance, the digital skills of finance staffs are outstripping those of senior executives — leading to challenges managing and engaging skilled talent.

By Grace Noto • March 30, 2023

GPT-4 draws more heat as AI advocates file FTC complaint against OpenAI

An AI advocacy group’s complaint arrived the same week FTC Chair Lina Khan said AI was top of mind for the agency while speaking at an antitrust summit.

By Lindsey Wilkinson • March 30, 2023