Citi poured $12B into tech last year, retired nearly 400 legacy apps

While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2024 as part of a broader restructuring.

By Matt Ashare • Jan. 16, 2024

AI ranked by tech CFOs as top 2024 investment priority

The technology also triggered concerns including the potential for data privacy risks and negative workforce impacts such as job displacement.

By Alexei Alexis • Jan. 16, 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

Finance firms shift to defensive AI playbooks

Just over a year after ChatGPT’s launch rocked corporate digital transformation plans, a Nvidia survey signals changes in how finance chiefs think about AI.  

By Suman Bhattacharyya • Jan. 16, 2024

C-suite leaders expect AI to deliver cost savings in 2024

Executives anticipate the technology to bring increased productivity in operations, customer service and IT.

By Lindsey Wilkinson • Jan. 16, 2024

6 AI tips for first-time adopters

Companies adopting AI for the first time must be ready to do it responsibly and in a way that can deliver real business value, writes Hero Digital’s Arun Kumar.

By Arun Kumar • Jan. 16, 2024

Google lays off hundreds of workers, citing organizational changes

Several divisions were impacted, including teams in central engineering, augmented reality and the Google Assistant unit.

By Roberto Torres • Jan. 12, 2024

CFOs look to tech, M&A to foster growth: Deloitte

Finance chiefs are eyeing digital technologies and new potential deals as they marshal their plans for the new year, Deloitte said.  

By Grace Noto • Jan. 9, 2024

Seeking ‘Goldilocks’: 5 CFO trends for 2024

Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions.

By Jim Tyson • Jan. 9, 2024

2024 tech events for CFOs

CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.

By Alexei Alexis • Jan. 9, 2024

Firms still scrambling over SEC cyber rules: poll

Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”

By Alexei Alexis • Jan. 9, 2024

5 ways CFOs can optimize the employee experience with commercial cards

Employees are an organization’s most valuable asset, making their satisfaction and retention paramount for CFOs.

Jan. 8, 2024

IT unemployment rose in December, but experts remain optimistic

Despite the increase, the technology industry added nearly 13,000 new positions last month, marking its largest increase since April 2023.

By Roberto Torres • Jan. 5, 2024

Taking a CFO approach to digital transformation

In a post-AI world, companies must retool their digital transformation approaches from large-scale to piece by piece, and CFOs play a critical role.

By Grace Noto • Jan. 4, 2024

First American Financial confirms threat actors stole and encrypted data

The title insurance giant said the cyberattack is contained, but it is still working to determine whether the incident will have a material impact.

By David Jones • Jan. 2, 2024

AI may boost M&A dealmaking this year

M&A activity could be on the verge of a rebound this year, with artificial intelligence playing a key role, analysts say.

By Alexei Alexis • Jan. 2, 2024

Driving FP&A transformation in 2024

Indirect spend is an area that is perfect for radical automation — the kind that can deliver huge cost savings for a business, writes Globality’s Seth Catalli.

By Seth Catalli • Jan. 2, 2024

ChatGPT’s ‘winter break’ is the latest sign of model drifts

Unexpected changes in large language model behavior could disrupt the rest of an organization’s software or data science pipeline, researchers say.

By Lindsey Wilkinson • Dec. 20, 2023

Marshaling the right GenAI data strategy: EY

To drive effective financial transformation with AI, organizations need to ensure the “fuel” for the technology is there, EY experts say.  

By Grace Noto • Dec. 20, 2023

CFOs must take an ROI-centered approach to global expansion

To access top talent in new markets, finance chiefs need to keep their focus on value creation and ROI, CFO Simone Nardi advises.  

By Grace Noto • Dec. 19, 2023

Firms advised to prepare for tough enforcement of SEC cyber rules

Effective Monday, public companies other than small reporting businesses will now be required to comply with the SEC’s new breach disclosure mandates. 

By Alexei Alexis • Dec. 19, 2023

AI’s quest to transform corporate finance meets hurdles

While finance leaders widely view artificial intelligence as a game-changer, some are nervous about the risks of adoption, according to a OneStream poll.

By Alexei Alexis • Dec. 19, 2023

Human connection is still CFOs’ greatest asset

Finance chiefs must find the “delicate balance between leveraging the power of digitization and fostering personal connections,” Bob Purcell writes.

By Bob Purcell • Dec. 18, 2023

Hewlett-Packard Enterprise taps HP Inc. CFO for finance chief

Company veteran Marie Myers will take HPE’s financial reins as the business seeks to boost IT spending next year.

By Grace Noto • Dec. 18, 2023

How CFOs help reduce cyber risk

As a CFO, it is essential to wear several hats, including that of managing risk effectively.

Dec. 18, 2023

Kraft Heinz probes ransomware attack claim

The food and beverage company attributed the potential attack to a decommissioned marketing site and said internal systems are operating normally.

By Matt Kapko • Dec. 15, 2023