Finance tech startup Bunker raises $5M

The funds will be invested toward product development, growing the company’s team and accelerating its “go-to-market strategy,” according to Bunker CEO Shivom Sinha.

By Alexei Alexis • July 25, 2023

Warehouse automation expected to pick up after hitting ‘rock bottom’

E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

By Alexei Alexis • July 25, 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

Six ways FedNow may affect businesses’ cash flow

Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

By Suman Bhattacharyya • July 24, 2023

Investigations are causing data breach costs to skyrocket, IBM finds

Organizations are under mounting pressure to conduct more thorough investigations as the complexity of data breaches grow.

By Matt Kapko • July 24, 2023

SPAC planning Trump Media buy settles SEC fraud charges

The SEC’s fraud investigation was a major hurdle for the merger deal, which was proposed in 2021.

By Alexei Alexis • July 21, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system is arriving right on time this month, giving consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023

Datarails rolls out ChatGPT-style FP&A tool

The new tool seeks to help finance teams deliver insights needed for business decisions more quickly. It uses the same kind of technology that’s behind Microsoft-backed OpenAI’s ChatGPT solution.

By Alexei Alexis • July 19, 2023

Software training, mentorship can boost finance team effectiveness

The more familiar finance employees are with their software, the more they can provide the data necessary for their CFOs to be a key voice for the business, Prophix’s Susan Gershman said.

By Grace Noto • July 19, 2023

Less than half of SMBs use data to drive growth: AWS

Businesses that fail to leverage their data assets risk being at a competitive disadvantage, AWS said.

By Alexei Alexis • July 18, 2023

‘State-of-the-art’ Kraft Heinz facility to cost in excess of $400M

The high-tech warehouse, which is expected to open in 2025, is expected to feature robotic technology allowing fully-automated selection of Kraft Heinz products.

By Alexei Alexis • July 17, 2023

Gensler sees companies with AI gaining clout over consumers

The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.

By Jim Tyson • July 17, 2023

CFOs warm to outsourcing

Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs. 

By Grace Noto • July 17, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

By Lynne Marek • July 13, 2023

KPMG to spend $2B in expanded AI alliance with Microsoft

The expanded partnership could help unlock potential incremental growth opportunities for KPMG of over $12 billion, the firm said.

By Alexei Alexis • July 13, 2023

As margins tighten, CFOs are split on FinOps: CloudBolt

FinOps has gone mainstream as a way to reduce complexity and cost of cloud management. Finance leaders are still waiting to see benefits from implementing the practice.

By Grace Noto • July 13, 2023

Embattled EV maker Faraday replaces interim CFO

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports. 

By Maura Webber Sadovi • July 12, 2023

GlobalFoundries, CFO designate part ways

The company and former Amazon executive Tim Stone mutually agreed to scrap plans for him to take over as CFO.

By Alexei Alexis • July 12, 2023

ChatGPT joins top 20 ‘shadow apps’

The popular AI tool made a strong debut this year on an annual list of the top 20 apps that are used in the workplace without company oversight.

By Alexei Alexis • July 11, 2023

How AI could fix accounting’s image problem: Oracle

Promoting the role of technology and innovation in your finance department can help attract new accounting talent and free up more time for finance to act as a strategic business partner.  

By Grace Noto • July 10, 2023

Tax teams poised to see big AI investments: KPMG

Within the next year, 70% of organizations expect to spend $1 million or more on AI for tax automation, with 40% planning to invest at least $10 million, according to a KPMG survey.

By Alexei Alexis • July 10, 2023

TPG to buy Forcepoint’s public sector cybersecurity business for $2.45B

The deal for Forcepoint’s government and critical infrastructure-focused business marks one of the largest in the cybersecurity market this year.

By Matt Kapko • July 10, 2023

Deploy a data integration strategy to power insights and digital transformation

To enable resilience, businesses need an intentional integration strategy.

July 10, 2023

Tech unemployment inched up in June, employers cautious on future hiring

June saw modest declines for tech job postings, a marker of future hiring plans, CompTIA analysis shows.

By Naomi Eide • July 7, 2023

Enovix taps semiconductor exec for CFO

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

By Maura Webber Sadovi • June 30, 2023

CFOs stuck between short-term costs, long-term goals: EY

The balancing act between short-term and long-term performance is one of three major paradoxes finance leaders face in today’s environment, EY said.

By Grace Noto • June 30, 2023