Strategy & Operations: Page 36

  • Close up on a file tab with the word invoice and a note where it is handwritten unpaid with blur effect. Concept image for illustration of unpaid invoices recovery.
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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
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    Trendline

    Navigating risk in turbulent times

    CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

    By CFO Dive staff
  • 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
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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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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    Kelly Sullivan via Getty Images
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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
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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
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    FTC approves nationwide noncompete ban

    In a difference from the proposed rule, senior executives subject to a noncompete agreement previously will remain subject to it; the ban will apply to executives going forward.

    By Robert Freedman • April 24, 2024
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    Retrieved from Kona Bicycles.
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    PE-backed Kent Outdoors seats new CFO, hunts for Kona Bicycles buyer

    Rob Otto is joining the Utah-based company as it puts a beloved mountain bike maker on the block and pivots to focus on water sports.

    By • April 23, 2024
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    Stubborn inflation to keep rates ‘higher for longer’: Fannie Mae

    Economists have marked down their estimates for the number of quarter-point cuts to the federal funds rate from as many as six to one or two.

    By • April 23, 2024
  • The ADM logo is seen on the company's headquarters building.
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    Courtesy of ADM
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    ADM’s suspended CFO to resign amid accounting scandal

    Vikram Luthar — who was placed on a forced leave in January — will assist the company and be paid his base salary until his resignation is effective on Sept. 30.

    By • April 23, 2024
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    "U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
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    High Court ruling eases blow of SEC’s new cyber rules: analysts

    The court’s decision in Macquarie Infrastructure Corp. v. Moab Partners makes it harder for plaintiffs to bring claims based on omissions in SEC filings.

    By • April 23, 2024
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    Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage

    As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.

    By Chris Gaetano • April 19, 2024
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    CFOs forecast stronger economy amid stubborn inflation: ACCA, IMA survey

    Top financial executives across North America ranked inflation as their top “risk priority,” ACCA and IMA found in a survey.

    By • April 19, 2024
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    CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot

    Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.

    By Robert Freedman • April 19, 2024
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    Powell: Inflation data deny Fed ‘greater confidence’ needed to cut rates

    The Fed chair is just one of many policymakers who, in the face of persistent price pressures, has voiced no urgency in reducing borrowing costs.

    By • April 16, 2024
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    Biden tax negotiator rejoins KPMG as election weighs on Pillar 2 prospects

    Although the U.S. has yet to sign on, the OECD’s new Pillar Two tax rules already apply in more than 30 countries, Michael Plowgian said.

    By • April 16, 2024
  • President Joe Biden hands Vice President Kamala Harris a pen used to sign an executive order at the White House.
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    Chip Somodevilla via Getty Images
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    70% of CEOs feel ready to deliver on responsible GenAI

    The intense focus on safe and ethical GenAI use comes as the technology’s rapid rise is prompting scrutiny from governments around the world.

    By • April 16, 2024
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    Retail sales surge as economy enters Q2 spurred by spend-happy consumers

    After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.

    By • April 15, 2024
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    How AI speeds ‘hugely time-consuming’ pricing, quote tasks

    Artificial intelligence could cut anywhere from 30% to 70% of the time businesses spend on the quote process, according to Lydia DiLiello, CEO of Capital Pricing Consultants.

    By • April 15, 2024