Strategy & Operations
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GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board
Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.
By Jim Tyson • May 17, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
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TrendlineCFO best practices in the evolving generative AI era
As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.
By CFO Dive staff -
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Inflation cools, reassuring Fed after unexpectedly hot gains in Q1
The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.
By Jim Tyson • May 15, 2024 -
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Companies are choosing leaner operations over price hikes: BCG
Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.
By Suman Bhattacharyya • May 15, 2024 -
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Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike
“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”
By Jim Tyson • May 14, 2024 -
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Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
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OpinionThe problem that made ‘zero-based budgeting’ unachievable just got solved
Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.
By Seth Catalli • May 14, 2024 -
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How CFOs can keep shipping costs under control: Contracts, fees, timing
Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.
By Chris Gaetano • May 13, 2024 -
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Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer
The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.
By Jim Tyson • May 10, 2024 -
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Fed likely to hold rates high before cutting twice in Q4: Conference Board
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Fed to keep interest rates high longer than previously expected.
By Jim Tyson • May 8, 2024 -
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Tenants retain upper hand as US office vacancy hits fresh high: CBRE
Many office landlords are continuing to offer tenants generous concessions as hybrid work and other factors weigh on demand.
By Maura Webber Sadovi • May 7, 2024 -
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Generative AI enables small accounting firms to challenge big ones: AICPA
Accountants should respond to the rapid pace of generative AI adoption by embracing it and delving into experimentation, the AICPA said.
By Jim Tyson • May 7, 2024 -
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Only 34% of firms deploy safeguards against generative AI threats: Splunk
Generative AI gives cyberattackers an edge over cyber-defenders, according to security experts surveyed by Splunk.
By Jim Tyson • May 6, 2024 -
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OpinionWhy collections need more CFO love in today’s cash-hungry market
With higher rates and an uncertain economy, many companies are paying invoices late because they don’t know when capital will be available next, Capchase’s Przemek Gotfryd writes.
By Przemek Gotfryd • May 3, 2024 -
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Peloton cuts jobs, searches for new CEO amid financial turmoil
“We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said.
By Alexei Alexis • May 2, 2024 -
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US inches forward on real-time payments: report
“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” according to a report by ACI Worldwide.
By James Pothen • May 2, 2024 -
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Auditoria.AI’s ‘human-in-the-loop’ option targets automation-wary finance teams
When it comes to new technologies, CEO Rohit Gupta sees CFOs and their finance teams as “fast followers” rather than early adopters.
By Maura Webber Sadovi • May 1, 2024 -
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Fed holds main rate steady, citing lack of progress against inflation
Fed Chair Jerome Powell said that the central bank will likely need to sustain current borrowing costs longer than it had expected early this year.
By Jim Tyson • May 1, 2024 -
Courtesy of AWS
Amazon clinching bigger, longer cloud deals after AI boost: CFO
Amazon is the latest tech giant whose hefty AI spending has been rewarded by Wall Street in the current earnings season. Meta has been an exception.
By Alexei Alexis • May 1, 2024 -
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Wage gains, inflation undercut Fed forecast for three rate cuts this year
A report of rising wages prompted traders in interest rate futures to dial down bets on reductions in the Federal Reserve’s main interest rate.
By Jim Tyson • April 30, 2024 -
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Meta falls in AI reckoning as Microsoft, Google soar
Investors rewarded AI spending strategies at Microsoft and Google but rebuffed Meta, whose stock plummeted.
By Alexei Alexis • April 30, 2024 -
NicoElNino
Internal audit leaders need to hire more tech-savvy accountants: IIA
Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.
By Jim Tyson • April 29, 2024 -
CFO Editorial Staff
FedNow pricing aimed at avoiding market disruption
The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.
By James Pothen , Lynne Marek • April 29, 2024 -
Courtesy of U.S. Bank
Rising geopolitical worries, war drive CFO hedging, US Bank says
The threat of geopolitical tensions is a growing worry for finance leaders while concerns about inflation have eased, a U.S. Bank study found.
By Maura Webber Sadovi • April 26, 2024 -
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‘Quantum advantage’ may boost businesses $2 trillion by 2035: McKinsey
The federal government has stepped up investment in quantum technologies, more than doubling research and development spending since 2019.
By Jim Tyson • April 26, 2024
