Technology
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Colonial hack a wake-up call to CFOs with legacy systems
Older systems leave finance and accounting operational data at risk of breach, security specialists say.
By Ted Knutson • May 14, 2021 -
SARINYAPINNGAM via Getty Images
Only 20% of CFOs can forecast revenue, earnings beyond a year: survey
Even after the pandemic shock, most CFOs forgo effective scenario planning and more than half lack the ability to forecast revenue and earnings beyond six months, according to a Prophix Software survey.
By Jim Tyson • May 11, 2021 -
Explore the Trendline➔
Photo by LinkedIn Sales Navigator on Unsplash
TrendlineMastering revenue recognition
Improper revenue recognition is companies' No. 1 reporting violation, according to the SEC, underscoring the importance of sound compliance practices.
By CFO Dive staff -
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Lack of automation preventing efficient financial close: CFO survey
Due to ineffective processes and technology, 51% of CFO respondents to Trintech's Global Financial Close Benchmark Report cited meeting deadlines and time pressures as their biggest challenges this year.
By Jane Thier • May 11, 2021 -
Chris Hondros via Getty Images
Deep DiveUp from the ashes: Restaurant CFOs prepare for boom
Profit-hungry restaurant CFOs blindsided by the pandemic get ready for robust economic growth, offering lessons for leaders in less-stressed industries.
By Jim Tyson • May 06, 2021 -
Alex Wong via Getty Images
Leveraging cash flow's multiplier effect on valuation
Most finance tools are optimized for GAAP but they can be made more effective for increasing company value by enabling better cash management, finance leaders say.
By Robert Freedman • May 03, 2021 -
Jeff Topping via Getty Images
Deep DiveUp from the ashes: How airline CFOs are preparing for the post-pandemic rebound
CFOs of airlines challenged by the pandemic are preparing for a rebound in demand, offering lessons for financial executives in less-stressed industries.
By Jim Tyson • April 26, 2021 -
Business spend management tools gain traction during the pandemic
Despite the COVID-19 impact, expense management software companies can expect 10.5% compound annual growth through 2024, research shows.
By Vaidik Trivedi • April 13, 2021 -
Hinterhaus Productions via Getty Images
Opinion
651 apps? How to get your SaaS stack in order
Software-as-a-Service applications help employees become more productive and innovative. But when unmanaged, too many applications can drain a technology budget and make collaboration difficult.
By Theresa O'Neil • April 08, 2021 -
Companies said to need deeper data dives to improve metrics
Data lakes contain much more information than CFOs typically use to track performance, data specialists say.
By Robert Freedman • March 30, 2021 -
Opinion
After digital payments rush, time to tighten security
Don't be surprised if a vendor you're about to pay turns out to be fraudulent. ACH and other types of cyber fraud surged during the pandemic.
By Angela Anastasakis • March 30, 2021 -
CFO used automation to turn back-office function into value driver
LivePerson finance chief John Collins brought in top data scientists and engineers to build a data system that increased growth and improved margins.
By Robert Freedman • March 29, 2021 -
Courtesy of BioNTech
Deep Dive4 CFO lessons from the pandemic
CFOs are advancing into the second year of a once-in-a-century pandemic with lessons they’ve learned while coping with a broad range of disruptions from COVID-19.
By Jim Tyson • March 26, 2021 -
MicroStrategy CEO: Treasurers should buy Bitcoin as cash alternative to hedge inflation
Record stimulus is likely to stoke inflation, making Bitcoin an attractive backstop for corporate treasurers, according to Michael Saylor.
By Jim Tyson • March 23, 2021 -
Opinion
Using a price-volume-mix analysis to improve performance
Whether you know it as a sales bridge or variance analysis, it can help decode your company's performance at a granular level.
By Dayton Kellenberger • March 17, 2021 -
Depositphotos
Federal watchdog warns of cybersecurity risks to employee retirement plans
Fiduciaries might not realize they could be liable for losses they were obligated to prevent, the Government Accountability Office says.
By Jim Tyson • March 17, 2021 -
The metrics behind feedback-driven growth
To get alignment behind common goals, employees must have access to the same data as leaders, the co-CEOs of Monday.com say.
By Robert Freedman • March 16, 2021 -
RF/CFO Dive, data from Pixabay
'Uncertainty cube' touted for sharper modeling
By analyzing more variables over more paths, FP&A teams can narrow down risk scenarios, McKinsey analyst Aleksander Petrov says.
By Robert Freedman • March 15, 2021 -
Adobe Stock images
CFOs see need to overhaul capital strategy amid pandemic 'shock,' EY says
The pandemic has given CFOs a "once-in-a-generation shock," forcing them to completely rethink their capital allocation strategy, an EY survey found.
By Jim Tyson • March 11, 2021 -
Companies 'prone to self-delusion' when using cloud, McKinsey says
Most industrial companies have adopted cloud computing but few “reap the cloud’s full rewards,” McKinsey says.
By Jim Tyson • March 10, 2021 -
Deep Dive
CFOs facing an unprecedented range of risks find an edge in analytics
CFOs are adapting to an unusually hazardous business landscape by forecasting with advanced data analytics.
By Jim Tyson • March 08, 2021 -
PayPal CFO: Pandemic has created 'inflection point' for digital payments
The virtual payments processor does not anticipate a post-pandemic drop in business, but intends to double its user base and triple total payment volume, John Rainey told Barron's.
By Jane Thier • March 04, 2021 -
Talend CFO walked investors through gutsy pandemic response
The data integration company's decision to keep its foot on the gas required a number of frank conversations but the move has positioned it well.
By Robert Freedman • March 03, 2021 -
US tax executives seeing more taxation disputes, survey finds
The economic fallout from the pandemic has prompted U.S. companies to alter their tax strategies and has increased disputes over taxation, according to a BDO survey.
By Jim Tyson • March 02, 2021 -
Courtesy of Coinbase
Coinbase to go public via direct listing
Bypassing a traditional IPO, the cryptocurrency exchanger will be following in Slack and Spotify's foot steps, and be the first major direct listing on Nasdaq.
By Robert Freedman • Feb. 28, 2021 -
Courtesy of Kraft Heinz
CFOs optimistic about revenue growth, plan big investments, survey finds
Most CFOs in the U.S. and U.K. plan “significant financial investments” while seeing bright prospects for growth in revenue and the economy, according to a Proxima survey.
By Jim Tyson • Feb. 28, 2021
