Clorox says it incurred $49M in costs from 2023 cyberattack

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

By Alexei Alexis • Feb. 6, 2024

The fight against cyber fraud: How to up your game in 2024

CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

By Baptiste Collot • Feb. 6, 2024

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

Enterprise cloud spend jumped in Q4, nudged upward by AI

The power balance among AWS, Microsoft and Google Cloud shifted slightly as infrastructure services saw the largest ever quarter-over-quarter market expansion recorded by Synergy Research Group.

By Matt Ashare • Feb. 5, 2024

Productivity rebound buoys profits, blunts inflation, validates streamlining

A leap in productivity may reflect a post-pandemic readjustment rather than a lasting trend in higher efficiency, Federal Reserve Chair Jerome Powell said.

By Jim Tyson • Feb. 1, 2024

PwC veteran talks cracking the IT, finance silos

Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.’

By Grace Noto • Feb. 1, 2024

Microsoft rides AI fervor to $62B in sales

The company’s move to incorporate AI has represented “a real pivot of our investment infrastructure,” CFO Amy Hood said.

By Grace Noto • Jan. 31, 2024

CFOs must keep focus on ‘streamlined, clean’ data, Infosys exec says

Wrestling insights out of previously siloed data in a compliant, effective manner is paramount for CFOs looking to take advantage of generative AI technologies.

By Grace Noto • Jan. 30, 2024

One in four companies ban GenAI

The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

By Alexei Alexis • Jan. 30, 2024

Tech CFOs kick off 2024 with flurry of layoffs

The latest layoffs show that many tech CFOs remain laser-focused on ensuring long-term profitability in an uncertain economic environment, analysts said.

By Alexei Alexis • Jan. 30, 2024

Southwest Airlines to spend $1.7B on tech, cloud migration this year

The commercial carrier has shifted just under half of its tech estate to cloud, President and CEO Bob Jordan said Thursday.

By Matt Ashare • Jan. 29, 2024

What’s behind SAP’s massive restructuring push?

“Cloud is the big elephant in the room for SAP,” Forrester VP and Principal Analyst Liz Herbert said.

By Matt Ashare • Jan. 26, 2024

Upwork CFO sees signs of ‘macroeconomic softness’ in freelancer wage stagnation

While the freelancer economy remains robust, CFO Erica Gessert is keeping her eye on stagnant wage growth amid continued uncertainty.

By Grace Noto • Jan. 25, 2024

36% of companies plan to raise pay in 2024 amid tight labor market: BDO

Although the job market has shown signs of cooling in recent quarters, CFOs aim to increase compensation this year to attract and retain employees.

By Jim Tyson • Jan. 25, 2024

83% of execs anticipate spike in their M&A volume this year: Deloitte

With economic conditions slowly improving, the stage might be set for a rebound in M&A activity.

By Alexei Alexis • Jan. 24, 2024

CFO of beleaguered smart window manufacturer View to resign

View’s finance chief is departing as the company scrambles to accrue enough capital to continue operating through 2024.

By Grace Noto • Jan. 24, 2024

Qualcomm expands CFO’s role to include COO responsibilities

Akash Palkhiwala’s move to the dual role is part of a rising trend where finance chiefs are absorbing operational responsibilities.  

By Grace Noto • Jan. 23, 2024

AI, fake CFOs drive soaring corporate payment-fraud attacks

Generative AI tools like ChatGPT are making it easier for scammers to create bogus texts and emails as well as deep-fake voices at scale.

By Alexei Alexis • Jan. 23, 2024

Cloud, SaaS spending manager Vertice raises $25M in Series B funding

The startup is looking to expand in the U.S., Europe, Australia and Singapore as it also enters new markets such as Latin America and Southeast Asia.

By Alexei Alexis • Jan. 22, 2024

EY: As AI compliance looms, CFOs are strategy ‘nerve center’

Balancing innovation with compliance, CFOs are essential in creating companies’ AI strategy, EY’s Liban Jama said.

By Grace Noto • Jan. 22, 2024

How CFOs can make travel & expense transformation a reality

Modernizing T&E can deliver substantial benefits to organizations—including middle market companies.

Jan. 22, 2024

‘Little evidence’ remote work harms productivity: San Francisco Fed

After surging during the worst of the pandemic, remote work has declined to 30% of paid workdays, according to research by the San Francisco Fed.

By Jim Tyson • Jan. 19, 2024

Amazon taps operations SVP for AWS CFO amid rocky cloud growth

The long-time Amazon veteran will step into the top financial seat for AWS as the e-commerce retailer looks to bolster the cloud segment’s stale revenue growth.  

By Grace Noto • Jan. 19, 2024

PwC’s Wes Bricker: Economy is top of mind as CFOs face ‘decade of disruption’

The coming year will see CFOs zero in on profitability and pricing strategies that can foster growth in a high-rate environment.  

By Grace Noto • Jan. 18, 2024

JPMorgan Chase takes ‘pragmatic and disciplined’ approach to AI

The banking company is against “chasing shiny objects,” CFO Jeremy Barnum said during an earnings call.

By Lindsey Wilkinson • Jan. 18, 2024

Modern finance team makeovers: Controllers

As finance departments undergo seismic tech-driven changes, controllers are poised to play a crucial role as the CFOs’ right hand.

By Grace Noto • Jan. 17, 2024