Layoffs may cause organizational drag: Gartner

Unforeseen consequences may negate any forecast savings as soon as three years after the start of layoffs, Gartner found in a recent report.

By Elizabeth Flood • May 15, 2023

Big 4 accounting firms squeeze traditional MSP market

The blurring of lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.

By Suman Bhattacharyya • May 15, 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

The new CFO: Taking your organization to the next level

A strategic CFO can elevate your organization by helping you navigate the complexities of growth initiatives, minimizing costs, and leveraging technology.

By Jenni Huotari, CPA • May 15, 2023

Why CFOs need to act like the quarterback

Between juggling ChatGPT advancements and looming ESG reporting guidelines, CFOs need to be a “master of many town halls,” said EY’s Mike Kelly.

By Elizabeth Flood • May 12, 2023

Revolut CFO leaves digital bank for ‘personal reasons’

The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

By Grace Noto • May 12, 2023

FASB’s tax proposal will ‘change the game’

Previous FASB calls for greater income tax transparency have drawn pushback from businesses. This time the initiative appears to be gaining steam.

By Maura Webber Sadovi • May 12, 2023

FASB moves to tweak carried interest accounting

The FASB’s proposed changes to accounting guidance on so-called carried interest isn’t likely to make the same kind of waves that proposed changes to related tax rules caused.

By Maura Webber Sadovi • May 11, 2023

Disney to cut back streaming content as subscriber count slumps, CFO says

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

By Grace Noto • May 11, 2023

GlobalFoundries taps former Amazon exec for CFO seat

The new finance chief of chipmaker GlobalFoundries previously served as CFO of Amazon’s cloud computing business. 

By Alexei Alexis • May 11, 2023

Beyond Meat CFO plans turnaround as revenue falls

The maker of plant-based meat reported a 15.7% year-over-year revenue drop as inflation and shrinking demand weighs heavily on the sector.

By Suman Bhattacharyya • May 11, 2023

Former Target CFO heads to Nordstrom

Cathy Smith, most recently chief financial officer at Bright Health Group, is taking the job left open by Anne Bramman last year.

By Daphne Howland • May 11, 2023

Burying bad 8-K news raises red flags

Researchers assert some companies “strategically” divert investor attention from negative SEC filings by issuing concurrent press releases on unrelated matters.

By Maura Webber Sadovi • May 10, 2023

Barclays veteran named Tellurian CFO

The appointment of investment banker Simon Oxley comes at a “pivotal time” for Tellurian, as the energy company looks to fund a proposed natural gas export facility in Louisiana, according to its CEO.

By Alexei Alexis • May 10, 2023

Ransomware claims jump back up

Ransomware claims filed by U.S. clients of insurance broker Marsh spiked 77% in the first quarter, following a downward trend in 2022.

By Alexei Alexis • May 9, 2023

Companies to reimagine workflow: survey

Only about one in three companies polled in a WTW survey gave themselves good marks for effectively managing changes in work dynamics such as digitalization.

By Elizabeth Flood • May 9, 2023

Körner to stay on with UBS following Credit Suisse acquisition

A leadership shuffle also has Todd Tuckner, CFO of UBS’ global wealth management arm, taking on the role of group CFO. Tuckner will replace Sarah Youngwood, who is leaving the company.

By Gabrielle Saulsbery • May 9, 2023

Driven Brands CFO abruptly exits

Three-year company veteran Tiffany Mason abruptly departed the automotive services company last week, with former Cardtronics CFO Gary W. Ferrera to step into the newly vacant CFO seat.

By Grace Noto • May 9, 2023

FP&A tech provider Firmbase closes $12M seed round

The infusion of cash is expected to boost R&D investments for the company’s financial planning and analysis tool, including in the area of generative AI.

By Alexei Alexis • May 9, 2023

Entrepreneurial mindset drives growth: ex-Poshmark CFO

When it comes to growing a business of any kind, thinking like a founder is key, regardless if you are one or not, former Poshmark CFO Kapil Agrawal said.

By Elizabeth Flood • May 8, 2023

Making the CFO-to-CEO leap: Velocity Global

Being inquisitive about the broader business and “not necessarily going in as a CFO all the time” can help finance leaders make the jump to the CEO chair, said Frank Calderoni, CEO of Velocity Global.

By Grace Noto • May 8, 2023

Vendavo CFO: how to solve price puzzles

Vendavo’s Dayton Kellenberger said technology has accelerated how quickly price-volume-mix analyses can be completed, enabling CFOs to make adjustments in real-time.

By Maura Webber Sadovi • May 8, 2023

Apple CFO touts record service revenue as sales decline

Among Apple’s services offerings, growth areas include Apple Card, Apple Pay and cloud services.

By Suman Bhattacharyya • May 5, 2023

CFOs brace for tighter times as credit dries up

As difficult as the financing environment is right now, Wolters Kluwer’s Jeroen Van Doorsselaere predicts “a real credit crunch” developing in the second half of 2023.

By Chris Gaetano • May 5, 2023

Bean CEO wants to bring flexibility, creativity to accounting

To solve the accounting shortage, Bean CEO Anees Pretorius asserts the industry must provide talented professionals with the tools and flexibility they need to do better work more quickly — and to make it more delightful.

By Grace Noto • May 5, 2023

Peloton predicts cash flow pressure after $75M Dish settlement

The cost of the patent settlement, plus related expenses, is expected to “significantly pressure” Peloton’s free cash flow for its fiscal fourth quarter.

By Alexei Alexis • May 4, 2023