Rein in shadow IT without stifling workers: Zylo

Rather than imposing a flat ban on employee-led software purchases, companies should consider putting the right controls in place, says Zylo’s Ben Pippenger.

By Alexei Alexis • Aug. 1, 2023

Trintech CFO taps ‘club’ loan for $230M Fiserv deal

“The M&A market has had a lull but for us this is the right time and we were able to find the right asset,” Trintech CFO Omar Choucair told CFO Dive. 

By Maura Webber Sadovi • July 31, 2023

Explore the Trendline➔

Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

How finance chiefs can cut back on IT spending waste

To tackle outdated or redundant tech driving up IT spending costs, CFOs need to work with CIOs to create a “common plan,” LeanIX’s Christian Richter said.

By Grace Noto • July 31, 2023

It’s time for family-owned firms to put private equity on the table

Well-publicized cases of bad behavior have fueled certain biases against private equity. But family-owned businesses shouldn’t ignore the financial lifeline that PE can offer, Bob Goldsmith argues.

By Bob Goldsmith • July 31, 2023

Microsoft aims for phased FP&A tool rollout

The software giant is being cautious as it rolls out its new AI-powered FP&A tool, which is currently being tested with selected clients in a “private preview” phase.

By Alexei Alexis • July 31, 2023

Workers say surveillance makes them less productive — if they even know about it

While employers have sought surveillance to improve remote productivity, various studies and surveys indicate that such monitoring could be counterproductive.

By Kathryn Moody • July 31, 2023

SEC’s Munter warns of ‘purported’ crypto audits

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

By Maura Webber Sadovi • July 28, 2023

Cybersecurity, IT top CFOs’ spending hike list

AI in particular has caught CFOs’ eyes as a potential game changer in a number of areas, including content creation and summarization, according to Grant Thornton.

By Alexei Alexis • July 28, 2023

Walgreens hunts for new CFO with healthcare experience

The pharmacy chain’s controller will take the CFO seat on an interim basis as Walgreens embarks on an aggressive cost-saving plan.

By Grace Noto • July 28, 2023

GameStop CFO resigns after about a year

Diana Saadeh-Jajeh’s departure, effective Aug. 11, extends the streak of executive turnover at the retailer.

By Nate Delesline III • July 28, 2023

Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy

With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”

By Maura Webber Sadovi • July 27, 2023

Hertz interim CFO lands permanent gig

Alexandra Brooks was promoted to the car rental company’s top finance post after being named interim CFO in March and serving as its chief accounting officer since 2020.

By Alexei Alexis • July 27, 2023

Most accounts receivable teams are behind schedule: survey

Fraud and missing information are some of the culprits behind slow invoice payments, Versapay CFO Russell Lester said.

By Chris Gaetano • July 26, 2023

SEC votes to overhaul disclosure rules for material cyber events

After a fierce debate, the agency voted to require companies to come clean on material breaches and attacks within four business days of determination.

By David Jones • July 26, 2023

Alphabet’s ‘longest-serving’ CFO Ruth Porat pivots to new role

One of Silicon Valley’s highest-profile CFOs, Ruth Porat is stepping down from the tech giant’s top finance position after eight years to become president and chief investment officer.

By Maura Webber Sadovi • July 25, 2023

How CFOs and businesses can get (or stay) ahead of rising rates

The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

By Wes Bricker • July 25, 2023

Bath & Body Works picks CVS, Merck alum for CFO

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

By Maura Webber Sadovi • July 25, 2023

NVIDIA exec: banks must prep for AI boom

While generative AI has potential, this “new generation of AI doesn't run well, at all, on the current computer infrastructure that banks have,” NVIDIA’s Malcolm DeMayo said. 

By Grace Noto • July 25, 2023

UPS, Teamsters reach tentative agreement on national contract

The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

By Max Garland • July 25, 2023

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

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

Chevron taps CTO for finance chief

Chevron’s CTO will take its top finance seat in 2024, the company announced Sunday among a series of senior leadership shifts.

By Grace Noto • July 24, 2023

Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

By Maura Webber Sadovi • 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

Chewy names interim CFO to replace retiring Mario Marte

Marte, 47, is stepping down from the pet food retailer’s CFO seat later this month. He helped take the e-commerce powerhouse public in 2019.

By Maura Webber Sadovi • July 21, 2023