4 CFO tips for spurring growth through innovation: McKinsey

More than eight out of 10 CEOs believe innovation is key to outperformance, but only 6% are satisfied with their companies’ track record in creativity, McKinsey said.

By Jim Tyson • Nov. 27, 2023

AI developers, led by OpenAI, raise over $50B

ChatGPT maker OpenAI currently leads the pack with $11.3 billion in funding, as the tech sector’s rising star also faces a host of challenges.

By Alexei Alexis • Nov. 27, 2023

Explore the Trendline➔

Digital transformation, one smart step at a time

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

By CFO Dive staff

Creating a ‘poachable’ talent culture: TAB Bank CFO

Making one’s own employees competitive to other organizations can help to foster a strong, loyal talent base, TAB Bank CFO Boyd Hunter says.

By Grace Noto • Nov. 27, 2023

Why CFOs need to improve the employee T&E experience

On a day-to-day basis, the finance function is tasked with meeting the company’s accounting responsibilities — ensuring sound budgeting and forecasting. But increasingly, CFOs and their teams require a new focus on prioritizing employee experience.

Nov. 27, 2023

Structure matters: How ITC transfers mitigate risk and maintain compliance

The Investment Tax Credits (ITC) transfers are a powerful new tool for corporations to manage their tax liability. However, executing ITC purchases requires robust due diligence, structuring and insurance to de-risk each transaction.

Nov. 27, 2023

‘Rough ride’: 5 CFO tips for cutting insurance costs amid climate change

CFOs facing more destructive weather and soaring insurance costs can take five steps to hold down premiums.

By Jim Tyson • Nov. 26, 2023

Weaker consumer spending to trigger mild recession in 2024: Fannie Mae

Consumer sentiment sagged this month, a survey showed, bolstering forecasts that holiday sales and consumer spending will decline in coming weeks.

By Jim Tyson • Nov. 22, 2023

OpenAI chaos shows need for multiple-vendor approach: Zoom CFO

Zoom is one of many companies betting heavily on the future of artificial intelligence following the rapid rise OpenAI’s ChatGPT service.

By Alexei Alexis • Nov. 22, 2023

Economy sputtering toward ‘very short recession’: Conference Board

The economy will likely shrink in coming months and end 2024 with just lackluster growth, the Conference Board said.

By Jim Tyson • Nov. 20, 2023

Testing AI in the finance function: McKinsey

In coming years, generative AI will be “table stakes” for all forward-looking finance teams, according to a McKinsey AI guide for CFOs.

By Alexei Alexis • Nov. 20, 2023

Leveraging AI to step up your CFO game in 2024

While the world is dreaming of big problems AI might solve, business leaders should look to use the technology to address specific company pain points, writes Vic.ai’s Anand Desai.

By Anand Desai • Nov. 20, 2023

Johnson & Johnson CFO: Pandemic lesson drove $40B deal’s fast pace

COVID-19 taught J&J’s finance chief the value of “speed and agility” in business, Joseph Wolk said at the MIT Sloan CFO Summit. 

By Maura Webber Sadovi • Nov. 16, 2023

Retail sales fall, adding to signs economy cooling after hot Q3 growth

Gradual declines in consumer spending, hiring and inflation suggest that the Federal Reserve may achieve a “soft landing” for the economy.

By Jim Tyson • Nov. 15, 2023

Lowe’s veteran tapped for Advance Auto CFO seat

The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

By Alexei Alexis • Nov. 15, 2023

Inflation slows, spurring bets Fed will start cutting rates in May

Price pressures declined last month in all major categories except for food, the Labor Department reported.

By Jim Tyson • Nov. 14, 2023

Finance teams lag behind HR, legal in AI adoption: Gartner

“CFOs want to be sure they can trust the technology, and part of that trust is understanding how it works and where it fits” within the finance function, Gartner’s Marco Steecker said.

By Alexei Alexis • Nov. 14, 2023

Escalating SaaS prices outpace CPI inflation

Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice. 

By Alexei Alexis • Nov. 14, 2023

Fed whipsawed on key signals for inflation expectations

With just a month before their next meeting, Fed officials are tracking expectations for inflation as a sign of whether businesses will raise prices and workers will demand higher pay.

By Jim Tyson • Nov. 13, 2023

4 ways streamlining T&E can speed up the month-end financial close process

To speed up expense reconciliation — and, in turn, the financial close — companies need to ditch manual processes and embrace solutions that make managing travel and expenses faster and easier.

Nov. 13, 2023

Why CFOs must remove barriers to growth in a ‘deadweight’ economy

What sets apart leading efficient-growth companies is the way they remove barriers or “growth anchors” that impede action, Gartner’s Dennis Gannon writes.

By Dennis Gannon • Nov. 10, 2023

Powell says Fed’s inflation fight ‘has a long way to go’

The Fed needs to see more signs of easing price pressures before declaring an end to monetary tightening, central bank officials said.

By Jim Tyson • Nov. 9, 2023

PCAOB chief chides auditors for blaming failures on talent shortage

The quality of audits has trended “in the wrong direction for the second year in a row,” PCAOB Chair Erica Williams said.

By Jim Tyson • Nov. 8, 2023

Half of cloud transformations are ‘abject failures’

As the technology matures, CFOs are asking CIOs to justify the business value of existing migrations, HFS CEO and Chief Analyst Phil Fersht said.

By Matt Ashare • Nov. 8, 2023

SEC commissioner suggests ‘re-proposing’ climate risk disclosure rule

Some investors seek broader company disclosures with the aim of promoting social change rather than clarifying stock valuations, SEC Commissioner Mark Uyeda said.

By Jim Tyson • Nov. 7, 2023

Banks tighten standards on loans to companies of all sizes: Fed

Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.

By Jim Tyson • Nov. 6, 2023