Strategy & operations
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Huntington Bancshares hires new CFO, will lay off up to 200 workers
The bank, which is set to announce its quarterly earnings Thursday, blamed volatile interest rates for its cost-cutting moves.
By Jane Thier • Oct. 21, 2019 -
OpinionData democracy means making smarter decisions, but we're not there yet
A whopping 93% of participants in a survey cited people, not the technology, as holding back the progress of digital transformation of companies.
By Dina Kholkar • Oct. 21, 2019 -
Currency exchange rates leave companies $22.5B poorer
"CFOs who dismissed this problem as a temporary wave of market drama need to reconsider their approach," says Wolfgang Koester, chief evangelist at Kyriba, which tracks currency rate impacts.
By Robert Freedman • Oct. 20, 2019 -
UK and EU reach agreement on Brexit
The United Kingdom released import-export advice for businesses that trade between the U.K. and European Union, reimplementing a plan to keep traffic moving around the Port of Dover once Brexit takes effect.
By Matt Leonard • Oct. 18, 2019 -
Fortune names Cisco best multinational workplace
Employees who are treated well tend to have a high "net promoter score," a key leading indicator for CFOs trying to forecast revenues.
By Valerie Bolden-Barrett • Oct. 18, 2019 -
Fast growth can obscure cost misalignment
When cash is coming in quickly and plentifully, investigate whether some of it is going out for the wrong reasons, Centage CFO Jason Lin said.
By Robert Freedman • Oct. 17, 2019 -
Budgeting consultants tout benefits of rolling forecasts
Don't move from a static annual forecast all at once; start with your business drivers and phase in other metrics later.
By Robert Freedman • Oct. 16, 2019 -
JPMorgan Chase CFO credits economy, consumers for record revenue
Despite macro uncertainty, the bank's diversification and scale enables it to "outperform in any environment and invest in its businesses," the bank's finance chief, Jennifer Piepszak, said.
By Anna Hrushka • Oct. 15, 2019 -
Commercial property values thrive near transit, study finds
The impact nearby transit has on property values is often associated with residential property, but commercial property benefits too, a report from APTA and the National Association of Realtors shows.
By Chris Teale • Oct. 15, 2019 -
Move to subscription-based licensing a risk worth taking, CFO says
Software company 1E wrestled with poor revenue visibility and end-of-year volatility under its old perpetual licensing model.
By Robert Freedman • Oct. 11, 2019 -
Opinion3 reasons why M&A efforts fail
Companies conduct due diligence to discover why they shouldn't buy a company, but the mechanics of the process shouldn't kill deals. Unfortunately, that happens too often.
By Kison Patel • Oct. 10, 2019 -
CPAs out, communicators in, as storytelling supplants number crunching
Once digital tools do most of the heavy lifting in the finance and accounting functions, softer skills — emotional intelligence and communication — will become core to CFOs' teams.
By Robert Freedman • Oct. 09, 2019 -
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.
By Jane Thier • Oct. 08, 2019 -
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.
By Robert Freedman • Oct. 08, 2019 -
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.
By Ned Pagliarulo • Oct. 08, 2019 -
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.
By Jane Thier • Oct. 08, 2019 -
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.
By Robert Freedman • Oct. 06, 2019 -
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.
By Jane Thier • Oct. 03, 2019 -
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.
By Robert Freedman • Oct. 02, 2019 -
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.
By Robert Freedman • Oct. 01, 2019 -
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.
By Robert Freedman • Sept. 30, 2019 -
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.
By Jane Thier • Sept. 30, 2019 -
New Kespry CFO-COO highlights value of a strategy background
Langley Eide discussed with CFO Dive how working in capital markets at Morgan Stanley and as chief of strategy at Alteryx prepared her for her dual position.
By Jane Thier • Sept. 29, 2019 -
Elevation to interim CEO puts CFO in spotlight as eBay tries to right itself
Scott Schenkel has a firm grasp of the company's financial health, but it's unclear whether the board thinks he can retool the once-prominent online marketplace, analysts say.
By Robert Freedman • Sept. 26, 2019 -
CFO helps chart strategy for moving supply-chain tech from government to business
Savi Technology is leveraging its IoT technology in the commercial sector after making its name in federal RFID defense contracting.
By Robert Freedman • Sept. 26, 2019
