Strategy & Operations: Page 33

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    Companies are choosing leaner operations over price hikes: BCG

    Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.

    By Suman Bhattacharyya • May 15, 2024
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    Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike

    “We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”

    By • May 14, 2024
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    Trendline

    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
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    Cybersecurity ops budgets expected to climb: KPMG

    The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.

    By • May 14, 2024
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    Opinion

    The problem that made ‘zero-based budgeting’ unachievable just got solved

    Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.

    By Seth Catalli • May 14, 2024
  • Trucks travel in traffic west bound on I-695 following the collapse of the Francis Scott Key Bridge after the cargo ship Dali crashed into it, March 27, 2024 in Baltimore, Maryland.
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    How CFOs can keep shipping costs under control: Contracts, fees, timing

    Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.

    By Chris Gaetano • May 13, 2024
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    Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer

    The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.

    By • May 10, 2024
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    Fed likely to hold rates high before cutting twice in Q4: Conference Board

    Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Fed to keep interest rates high longer than previously expected.

    By • May 8, 2024
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    Tenants retain upper hand as US office vacancy hits fresh high: CBRE

    Many office landlords are continuing to offer tenants generous concessions as hybrid work and other factors weigh on demand.

    By • May 7, 2024
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    Generative AI enables small accounting firms to challenge big ones: AICPA

    Accountants should respond to the rapid pace of generative AI adoption by embracing it and delving into experimentation, the AICPA said.

    By • May 7, 2024
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    Only 34% of firms deploy safeguards against generative AI threats: Splunk

    Generative AI gives cyberattackers an edge over cyber-defenders, according to security experts surveyed by Splunk.

    By • May 6, 2024
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    Opinion

    Why collections need more CFO love in today’s cash-hungry market

    With higher rates and an uncertain economy, many companies are paying invoices late because they don’t know when capital will be available next, Capchase’s Przemek Gotfryd writes.

    By Przemek Gotfryd • May 3, 2024
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    Peloton cuts jobs, searches for new CEO amid financial turmoil

    “We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said. 

    By • May 2, 2024
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    US inches forward on real-time payments: report

    “Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” according to a report by ACI Worldwide.

    By James Pothen • May 2, 2024
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    Auditoria.AI’s ‘human-in-the-loop’ option targets automation-wary finance teams

    When it comes to new technologies, CEO Rohit Gupta sees CFOs and their finance teams as “fast followers” rather than early adopters.

    By • May 1, 2024
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    Fed holds main rate steady, citing lack of progress against inflation

    Fed Chair Jerome Powell said that the central bank will likely need to sustain current borrowing costs longer than it had expected early this year.

    By • May 1, 2024
  • AWS logo on display at AWS Summit New York, July 26, 2023.
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    Courtesy of AWS
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    Amazon clinching bigger, longer cloud deals after AI boost: CFO

    Amazon is the latest tech giant whose hefty AI spending has been rewarded by Wall Street in the current earnings season. Meta has been an exception.

    By • May 1, 2024
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    Wage gains, inflation undercut Fed forecast for three rate cuts this year

    A report of rising wages prompted traders in interest rate futures to dial down bets on reductions in the Federal Reserve’s main interest rate.

    By • April 30, 2024
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    Meta falls in AI reckoning as Microsoft, Google soar

    Investors rewarded AI spending strategies at Microsoft and Google but rebuffed Meta, whose stock plummeted.

    By • April 30, 2024
  • Team of consulting auditors auditing the financial report data of the company (balance sheet, income statement) on computer screen with business charts, fintech
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    Internal audit leaders need to hire more tech-savvy accountants: IIA

    Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.

    By • April 29, 2024
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    CFO Editorial Staff
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    FedNow pricing aimed at avoiding market disruption

    The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

    By James Pothen , Lynne Marek • April 29, 2024
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    Courtesy of U.S. Bank
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    Rising geopolitical worries, war drive CFO hedging, US Bank says

    The threat of geopolitical tensions is a growing worry for finance leaders while concerns about inflation have eased, a U.S. Bank study found.

    By • April 26, 2024
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    ‘Quantum advantage’ may boost businesses $2 trillion by 2035: McKinsey

    The federal government has stepped up investment in quantum technologies, more than doubling research and development spending since 2019.

    By • April 26, 2024
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    Companies cut salary budget increases to 3.6%, trim promotions: Mercer

    Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.

    By • April 25, 2024
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    Former Chuck E. Cheese exec takes Dave & Buster’s CFO seat

    The change comes as Dave & Buster's looks to drive growth through a dining experience overhaul, among other initiatives.

    By • April 25, 2024
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    More M&A players hold back stay-bonus ‘dry powder,’ WTW says

    Despite a recent uptick in mergers and acquisitions, some buyers are nonetheless growing more guarded about tapping their retention bonus budgets.

    By • April 24, 2024