Strategy & Operations


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    Role clarity is key to fractional CFO pay

    Contract finance executives must understand the services they truly offer in order to charge — and be paid — what they’re worth, Joe Woodard said Sunday at his firm’s accounting tech conference.

    By Chris Gaetano • June 21, 2024
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    Opinion

    Mind the trust gap: Why C-suite humility matters in the AI era

    If executives engage in the big issues of today without acknowledging there can be a diverse set of explanations, they risk losing stakeholder trust, PwC’s Wes Bricker writes.  

    By Wes Bricker • June 21, 2024
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    Trendline

    Digital transformation, one smart step at a time

    By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.

    By CFO Dive staff
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    76% of large automating firms plan to swap workers with AI: CFO survey

    Automation ranks as a high or moderate priority for about 65% of companies, both large and small, Duke University’s Fuqua School of Business found.

    By June 20, 2024
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    Homebuilding sags to four-year low, stifled by higher-for-longer rates

    Mortgage activity last month slumped 8.5% compared with April and 7.3% compared with May 2023, Freddie Mac said Thursday.

    By June 20, 2024
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    Slim gain in retail sales highlights challenges for consumers

    “Inflation and higher interest rates are straining low- and moderate-income households,” St. Louis Fed President Alberto Musalem said Tuesday.

    By June 18, 2024
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    Startup focused on AI-driven cyber threats raises $18M

    The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.

    By June 18, 2024
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    Tech layoffs impact nearly 100,000 workers so far in 2024

    Microsoft, Google, Apple, Tesla and TikTok owner ByteDance are among more than 300 tech companies that have announced job cuts since January.

    By June 18, 2024
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    IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes

    Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.

    By June 17, 2024
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    EY’s $1B pledge targets 10% raise in starting CPA-track pay

    The Big Four firm’s new initiative is tackling one of the most cited causes of the shrinking accounting talent pipeline: comparatively low starting salaries.

    By June 17, 2024
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    McDonald’s ends automated drive-thru pilot

    The fast food chain still sees a future for automated order taking at the drive-thru and expects to make a decision about the tech by year’s end.

    By Aneurin Canham-Clyne • June 17, 2024
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    28% of big companies have no formal CFO succession plan, finance chiefs say

    The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.

    By June 14, 2024
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    In-house counsel compensation rose 4%, in line with inflation

    Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.

    By Justin Bachman • June 14, 2024
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    In interim CFO pick, Tyson draws on established finance creds

    The beleaguered chicken processor is leaning on a company veteran with nearly two decades of finance experience as interim CFO following John R. Tyson’s suspension.

    By June 14, 2024
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    Microsoft president promises significant culture changes geared towards security

    Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.

    By David Jones • June 14, 2024
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    40% of executives brace for ‘major’ reorganization, including layoffs: PwC

    Companies are reorganizing to fight margin pressure and planning moves that might require wide-ranging operating model changes, executives said.

    By June 12, 2024
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    Fed trims 2024 rate forecast to one cut, holds borrowing costs steady

    The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.

    By June 12, 2024
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    Wells, PNC CFOs see office spaces leading CRE stress

    “Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.

    By Caitlin Mullen • June 12, 2024
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    Office fit-out cost growth downshifts to 2.7%: JLL

    While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.

    By June 11, 2024
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    Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates

    Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.

    By June 11, 2024
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    IBM’s Apptio unit tests AI tool trained to tackle rising IT costs

    The effort comes as many finance leaders are grappling with out-of-control cloud expenses.

    By June 11, 2024
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    Few companies report solid EBIT gains from rush into GenAI: McKinsey

    Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.

    By June 10, 2024
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    Adobe Stock | Serhii

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    Sponsored by WilliamsMarston

    Navigating the IPO journey: Key preparation considerations for CFOs

    Market shifts call CFOs for an IPO preparation session.

    June 10, 2024
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    Ross Helen via Getty Images
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    Quiet vacationing: What’s this summer work trend?

    The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.

    By Caroline Colvin • June 7, 2024
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    Heed Corporate Transparency Act despite legal cloud, experts say

    Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.

    By Chris Gaetano • June 7, 2024
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    How big retailers are battling the last-mile delivery squeeze

    Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.

    By June 7, 2024