Risk management

Payment recovery touted as source of working capital

Building a forensic audit into your source-to-pay process could put otherwise misspent money back into your pocket.

By Robert Freedman • March 26, 2020

Opinion

More CFOs feeling the heat with ransomware

Cybersecurity is a finance issue that CFOs leave to tech colleagues at their peril, Anup Singh of network security company Illumio says.  

By Anup Singh • March 25, 2020

Government trying loans, payments, credit support to curb economic freefall

An open-ended bond-buying commitment and new credit facilities are added to what would be the most expensive piece of legislation in history if it passes.

By Robert Freedman • March 23, 2020

CFOs can expect indirect benefit from Fed's latest credit facility

The move gives money market fund managers the confidence to buy or roll over the commercial paper that many companies rely on to cover short-term costs.

By Robert Freedman • March 23, 2020

Coronavirus impact limited to timing issues so far, LED company CFO says

The company has taken steps to keep manufacturing on track by disinfecting its facility, but employees uncomfortable with working on site can stay home.

By Robert Freedman • March 19, 2020

UBS CFO: 'We've experienced very few losses'

Kirt Gardner says the giant Swiss bank will weather the pandemic storm, thanks to its "conservative risk profile, high-quality credit portfolio and relatively limited exposure to highly impacted industries."

By Jane Thier • March 18, 2020

CFOs confident going into coronavirus outbreak, survey finds

Thanks to the digital transformation of operations and a strong financial environment, CFOs think they're relatively well-prepared for COVID-19. But a global recession poses a real concern.

By Robert Freedman • March 16, 2020

Major US banks halt share buybacks in response to coronavirus pandemic

The forum called the COVID-19 pandemic “an unprecedented challenge for the world and the global economy,” and said the U.S.’s largest banks have an “unquestioned ability and commitment” to support the nation. 

By Anna Hrushka • March 16, 2020

Report: House scales back coronavirus leave bill, sends revisions to Senate

The bill also would temporarily amend the FMLA, creating protections for leave related to the new coronavirus for some employees.

By Kate Tornone • UPDATED: March 17, 2020 at 9 a.m.

As coronavirus persists, CFOs' hedging strategies are key

Companies with even minimal global exposure should prepare to make a currency play if the dollar remains volatile.

By Robert Freedman • March 13, 2020

'Real negative shock' to come after coronavirus, economics professor says

After WHO declared COVID-19 a pandemic, Joseph Haslag, head of University of Missouri's Economic Policy Analysis and Research Center, told CFO Dive what he thinks is on the horizon for the U.S. economy.

By Jane Thier • March 11, 2020

CFO leadership amid the novel coronavirus crisis

How CFOs can be prepared to lead their companies through the challenges of a global health scare.  

Most companies taking 'wait-and-see' approach to coronavirus

Two studies released this week show companies are becoming more apprehensive about coronavirus' impact on business performance. But can their risk management teams mitigate what's to come?

By Jane Thier • March 10, 2020

Target CFO remains confident amid coronavirus threat to retail

The virus' spread is upending supply chain operations across the globe, but Target's new CFO retains "a ton of confidence" in its forward-facing strategy.

By Jane Thier • March 09, 2020

Economists still expect US to eke out slow growth this year

If domestic consumer spending holds up, the country can stay in positive growth mode, economists from forecasting firm Prevedere say.   

By Robert Freedman • March 09, 2020

How one Bay Area CFO is managing coronavirus concerns

Despite confirmed coronavirus cases in the California Bay Area, Mohit Daswani, CFO of ThoughtSpot, has a plan in place to keep his company calm.

By Jane Thier • March 07, 2020

How CFOs are reporting coronavirus impact on earnings calls

Large companies including Apple, Microsoft and United Airlines are addressing investor concerns by significantly lowering their earnings expectations for the quarter and for 2020.

By Jane Thier • March 04, 2020

Which analytics should CFOs and CHROs track?

It is well-documented that talent retention and workplace satisfaction are crucial to a company's bottom line. But which analytics should CFOs keep tabs on to ensure they're well-versed? 

By Jane Thier • March 03, 2020

Will more CFOs switch to mark-to-market pension accounting?

With the Federal Reserve signaling an interest-rate response to the coronavirus, continuing low interest rates could drive CFOs to move away from amortization of pension losses.  

By Robert Freedman • March 02, 2020

Major work stoppages have spiked in recent years

2019 brought the most major work stoppages the U.S. has seen in a decade, according to the U.S. Bureau of Labor Statistics.

By Jennifer Carsen • Feb. 20, 2020

Catching rogue staff before they cost your enterprise a bundle

You can expect a cash leakage of up to 5% of revenue if your security system is built around little more than periodic audits, a security specialist says. 

By Robert Freedman • Feb. 20, 2020

With shrinking budgets, finance spending goes to new tech

As companies attempt to curb spending in advance of an unpredictable economy, finance teams continue pooling resources to implement the newest tech, a Hackett Group study found.

By Jane Thier • Feb. 18, 2020

New CFO takes reins at Yelp as it struggles to monetize site traffic

More than six months after CFO Lanny Baker left the company to head finance at Eventbrite, Yelp has named an experienced replacement whom it hopes will spur momentum.

By Jane Thier • Feb. 14, 2020

Under Armour forecasts up to $60M revenue hit from coronavirus disruptions

The outbreak also puts at risk supply chain improvements that CFO Dave Bergman talked about on the company's fourth quarter earnings call.  

By Emma Cosgrove • Feb. 12, 2020

CFOs less likely to blow whistle on fraud when under financial pressure

CFOs with accounting backgrounds are more likely to express fraud concerns to external resources than CFOs with banking or finance backgrounds, a study of Italian companies from the Journal of Business Ethics found. 

By Jane Thier • Feb. 10, 2020