Cost optimization strategies for resilient growth

Discover strategies to optimize costs while enhancing future growth potential.

By Dimitrios Vilaetis, Managing Director, BDO USA and Ian Cooper, Principal in Management Consulting, BDO USA • June 20, 2023

AI may annually boost US productivity 0.7% through 2040: McKinsey

Unlike many prior advances in technology, generative AI will likely prove most jarring to highly educated workers, McKinsey said.

By Jim Tyson • June 16, 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

EY CEO’s retirement sounds new leadership alarm

Carmine Di Sibio’s exit and the firm’s abandonment of “Project Everest” may signal a new era of leadership, as well as a new structure to complete the breakup of EY’s consulting and auditing arms.

By Elizabeth Flood • June 16, 2023

Kroger execs still feel inflation’s pinch, glimpse relief

The grocery giant is still grappling with rising prices as well as the end of pandemic-era food benefits that is constraining budgets of many lower-income customers.

By Maura Webber Sadovi • June 15, 2023

Suppliers gained clout as DPO dipped: Hackett

The number of days payable outstanding —  a key gauge of cash flow health — fell 8% last year or 4.7 days, according to the Hackett Group.

By Chris Gaetano • June 15, 2023

Trump-leaning counties gain half of investment under Biden: Brookings

A Biden administration program to create a “leading-edge, techno-industrial base” and strengthen the middle class has disproportionately benefited Trump supporters.

By Jim Tyson • June 15, 2023

Five Below poaches McDonalds alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 15, 2023

Wells Fargo CFO warns of commercial real estate weakness

Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.

By Maura Webber Sadovi • June 14, 2023

EY Global Chairman walks out following failed split

EY’s planned split, announced in September, collapsed as the accounting giant continues to go through layoffs and other troubles culminating now in an early exit from their CEO.

By Elizabeth Flood • June 14, 2023

Fed pauses tightening while raising end-of-year rate projection

Before its next meeting in late July, the central bank plans to assess the impact from the most aggressive monetary tightening in four decades.

By Jim Tyson • June 14, 2023

Inflation cools, increasing odds of pause in Fed rate hikes

Traders in interest-rate futures predict the Fed on Wednesday will forgo a rate increase, postponing a further tightening until late July.

By Jim Tyson • June 13, 2023

Chico’s promotes senior finance exec to CFO seat

As Patrick Guido moves on to “another opportunity,” former interim CFO and current chief accounting officer David Oliver takes the financial helm.

By Elizabeth Flood • June 13, 2023

Median cost of ransomware per incident hits $26K: Verizon

In some cases, threat actors are demanding higher ransom payments from companies “just because they believe they can get it,” according to Verizon’s Chris Novak.

By Alexei Alexis • June 13, 2023

Singapore Airlines promotes insider to CFO amid C-suite shakeup

After his work with the Air India merger, CFO Tan Kai Ping is leaving his post as CFO to take on the role of chief operating officer.

By Elizabeth Flood • June 12, 2023

Cybercriminals target high-profit companies: AEI

Investors in recent years have responded faster to news about a cyberattack, AEI researchers said.

By Jim Tyson • June 12, 2023

Paysend picks Amex alum for Americas CFO seat

The London-based cross-border payments company has tapped a veteran Miami-based financial executive to help drive its expansion into the U.S.  

By Maura Webber Sadovi • June 12, 2023

Using a human-centric lens to reevaluate your real estate portfolio

To support their people in a meaningful way, companies need to think about space with both cost savings and human centricity in mind.

June 12, 2023

Integrated customer payments: Co-creating a harvest that satisfies everyone

Providing integrated customer payment options lets businesses more fully harvest the benefits of a thriving business ecosystem.

June 12, 2023

Block’s Ahuja chases bitcoin users for Cash App

The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.

By Suman Bhattacharyya • June 9, 2023

3 CFO tips for raising productivity: McKinsey

By taking steps toward streamlining and adaptation, companies can reverse a slump in U.S. productivity and increase profits and employee wages, McKinsey said.

By Jim Tyson • June 9, 2023

Building resilience, funding sources critical to riding out a storm

The more efficiently you run your operations, the longer your company’s cash cushion will last. Industry-specific tools can help, Luke Voiles writes.

By Luke Voiles • June 9, 2023

Strong demand helps Brown-Forman thwart high materials costs

The company’s CFO touts demand for high-end spirits products and the return of pre-pandemic travel that helped boost profit 36% year over year.

By Suman Bhattacharyya • June 8, 2023

Down rounds could be ‘lightning rod’ for CFO action

Despite their stigma, down rounds can help CFOs get the financial buffer they need to weather economic dips and set the company back on a course toward growth.  

By Grace Noto • June 8, 2023

SMBs expect 14% boost in finance tech spend on average

The need for consolidation, automation or better data is a top factor driving the spending increase, followed by a need to strengthen business value and a desire to generate growth amid macroeconomic pressures. 

By Alexei Alexis • June 7, 2023

CFO-CIO teamwork key to IT spend results: Gartner

Digital investments tend to require a high level of collaboration due to their complexity and cross-functional nature, says Gartner analyst Emily Riley.

By Alexei Alexis • June 6, 2023