Technology: Page 2
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Legacy tech stymies cost-cutting innovations
Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as a top barrier, Deloitte found.
By Alexei Alexis • March 5, 2024 -
Tech startup Slice raises $7M for equity compensation platform
The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.
By Alexei Alexis • March 5, 2024 -
Trendline
Digital transformation, one smart step at a time
By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.
By CFO Dive staff -
Legal woes continue for OpenAI as Elon Musk sues over contract breach
OpenAI eschewed its nonprofit status to become a de facto Microsoft subsidiary, the Tesla CEO alleged in a Thursday filing before the Superior Court of California.
By Roberto Torres • March 1, 2024 -
SEC charges Lordstown Motors with misleading investors on sales outlook
Lordstown’s auditor and adviser also faces SEC sanctions for allegedly violating independence standards.
By Jim Tyson • March 1, 2024 -
Yelp exec jumps to AI realm, takes Xometry’s CFO chair
Yelp’s James Miln is joining the manufacturing marketplace provider as a spotlight continues to shine on AI-powered services and offerings.
By Grace Noto • March 1, 2024 -
Microsoft rolls out Copilot AI tool to finance teams
The move is part of Microsoft’s effort to layer AI across its enterprise offerings, with the ambitious goal of impacting every role in the workplace.
By Alexei Alexis • Feb. 29, 2024 -
SaaS license waste tops IT spend challenges
Hasty software purchasing during the pandemic led to bloated tech stacks that are now ripe for trimming.
By Alexei Alexis • Feb. 27, 2024 -
CFOs take backseat to CISOs on SEC cyber rules
Less than half of finance chiefs are involved in the SEC's cybersecurity breach disclosure process, AuditBoard found.
By Alexei Alexis • Feb. 27, 2024 -
AI, employee balance key to driving tech strategy: IMA
Treating AI like a new colleague, rather than a replacement for employees, can help CFOs more seamlessly incorporate the technology.
By Grace Noto • Feb. 26, 2024 -
MGM Resorts’ cyberattack headache continues as regulators launch investigations
The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.
By David Jones • Feb. 26, 2024 -
New Prophix CFO: championing the ‘data steward’ shift
The “bird’s eye view” of the business provided by finance chiefs makes them ideal choices as stewards of data, Prophix CFO Aaron Levine says.
By Grace Noto • Feb. 22, 2024 -
‘Maverick’ SaaS spending by workers can waste millions: Vertice
A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.
By Alexei Alexis • Feb. 20, 2024 -
Honeywell exec upbeat on warehouse automation trends
Rising e-commerce shipments and ongoing labor shortages are among macrotrends that are favorable to the market.
By Alexei Alexis • Feb. 20, 2024 -
L’Oréal leans into AI with data in mind
“AI now transcends many of the things we do,” CEO Nicolas Hieronimus said during the beauty company’s earnings call.
By Lindsey Wilkinson • Feb. 16, 2024 -
IT, finance must take point on strategy in AI age: OneStream
The more AI filters into business processes, the tighter the relationship between finance and IT needs to be, OneStream’s Pam McIntyre said.
By Grace Noto • Feb. 15, 2024 -
Ex-Zoom finance exec lands at fraud detector Forter
Forter’s new CFO, Anthony Barsoom, is replacing Aaron Barfoot, who exited to become finance chief of a rival company.
By Alexei Alexis • Feb. 15, 2024 -
CFOs harbor data quality worries ahead of AI push
Adding bad data to sexier AI models simply means CFOs will get “bad analytics faster,” BlackLine’s Michael Polaha says.
By Grace Noto • Feb. 13, 2024 -
Bank of America customer data exposed in IT provider breach
A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.
By Rajashree Chakravarty • Feb. 13, 2024 -
Renamed FinQuery tackles CFOs’ SaaS pain points
The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.
By Alexei Alexis • Feb. 13, 2024 -
AI dominates CFOs’ 2024 budget hike plans
The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.
By Alexei Alexis • Feb. 13, 2024 -
Yellen backs legislation to avert AI threat to financial stability
Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.
By Jim Tyson • Feb. 8, 2024 -
CEO, CFO compensation clawback helps tech firm skirt SEC fine
Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.
By Alexei Alexis • Feb. 7, 2024 -
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 -
Opinion
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 -
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