Strategy & Operations: Page 10


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    Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe

    The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.

    By May 22, 2024
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    Courtesy of BCG
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    Q&A

    How companies should approach compliance under multiple climate reporting regulations: BCG

    BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.

    By May 22, 2024
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    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
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    More small companies willing to distort books to hide corruption: ACCA

    The U.S. has made little progress combating corruption since 2021, according to Transparency International.

    By May 21, 2024
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    Shadow IT surge threatens corporate data: report

    OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.

    By May 21, 2024
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    Ballooning AI budgets expected to face ROI pressure

    As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.

    By May 21, 2024
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    Economists bump up 2024 core PCE inflation forecast to 2.7%: NABE

    Fed officials reiterated Monday that before trimming borrowing costs they need more confidence that price pressures will steadily decline.

    By May 20, 2024
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    Want to fix the accounting talent shortage? Raise starting salaries, students say.

    Mean starting salaries for accounting and related services majors in stood at $60,698 in 2022, according to the National Association of Colleges and Employers.

    By May 20, 2024
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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 May 17, 2024
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    SolStock via Getty Images
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    What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026

    AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.

    By Matt Ashare • May 17, 2024
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    Kate Tornone/CFO Dive
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    Employers should include workers in AI plans, DOL says

    The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.

    By Ryan Golden • May 16, 2024
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    Courtesy of Kyriba
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    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 May 16, 2024
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    Getty Images via Getty Images
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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 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 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 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 May 14, 2024
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    Opinion

    The 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
  • Trucks travel in traffic west bound on I-695 following the collapse of the Francis Scott Key Bridge after the cargo ship Dali crashed into it, March 27, 2024 in Baltimore, Maryland.
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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 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 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 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 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 May 6, 2024
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    Opinion

    Why 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 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