Mix of tech, vigilance helps thwart financial crimes

Financial crime spans corporate across the board, and it is sound business practice to have something in place that says, ‘do we really know how money flows in and out,’ says Leslie Bailey.

By Elizabeth Flood • Feb. 23, 2023

Fed officials leaned toward more tightening, minutes show

Policymakers on Feb. 1 favored more increases in the main interest rate. Since then data has indicated that inflation remains higher than anticipated.

By Jim Tyson • Feb. 22, 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

‘Macro drivers’ blamed as Overstock.com revenues plummet

The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

By Alexei Alexis • Feb. 22, 2023

Foot Locker moves exec to interim CFO seat

The New York-based sneaker retailer is still on the hunt for a permanent replacement for departing CFO Andrew Page.

By Elizabeth Flood • Feb. 22, 2023

Employers to tweak, not ditch health perks

Most companies are doubling down on offering expanded health-related benefits even as some firms have had difficulty gauging the return on their investments in the programs.

By Maura Webber Sadovi • Feb. 21, 2023

Threat actors can use ChatGPT, too. Here’s what businesses should watch

While IT departments seek enterprise applications, cyber teams must be on the lookout for attacks using the generative AI technology.

By Lindsey Wilkinson • Feb. 21, 2023

CFO, CIO relationship key to optimize tech spend

Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.

By Elizabeth Flood • Feb. 21, 2023

Hasbro profits take hit amid ‘challenging’ climate

The company’s disappointing fourth-quarter revenues highlight the ongoing risks that inflation poses to the bottom lines of many U.S. companies.

By Alexei Alexis • Feb. 17, 2023

Accounting firms zero in on efficiences

The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms. 

By Elizabeth Flood • Feb. 17, 2023

CEOs expect recession but pessimism eases from Q4

The Conference Board found in a survey that the outlook among CEOs has brightened compared with the final three months of last year.

By Jim Tyson • Feb. 17, 2023

Financial services, Black America and the evolution of DEI

Despite the rise of corporate diversity initiatives, Christopher Johnson writes systemic hurdles still keep many minorities from working in finance.

By Christopher Johnson • Feb. 17, 2023

Visa CFO to exit

Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.

By Caitlin Mullen • Feb. 17, 2023

Paymentus hands interim CFO severance benefits

The company called the severance benefits’ approval a formality. But one expert said it is likely a retention strategy designed to encourage the interim CFO to “stick around.” 

By Maura Webber Sadovi • Feb. 16, 2023

A one-way ticket to ServiceNow’s CFO seat

From heartbreak to the financial helm, Gina Mastantuono has had her fair share of pivotal challenges on her way to the top.

By Elizabeth Flood • Feb. 16, 2023

KPMG cuts nearly 2% of US staff

KPMG’s layoffs affect close to 700 U.S. workers in the Big Four firm’s advisory business, according to a source familiar with the matter. The employees were notified Wednesday. 

By Maura Webber Sadovi • Feb. 16, 2023

FASB votes to finalize lease accounting relief

The proposed changes to lease accounting guidance are relatively narrow, but they are one of a number of standard updates that FASB has in the works.  

By Maura Webber Sadovi • Feb. 15, 2023

Inflation tops concerns weighing on CFOs

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

By Alexei Alexis • Feb. 15, 2023

Strategizing tech investments key for ROI: Coupa CFO

As AI evolutions make their way into the finance function, Tony Tiscornia shares why CFOs should focus on the quickest ‘bang for your buck’.

By Elizabeth Flood • Feb. 15, 2023

Marriott CFO says wage pressures have moderated

As pandemic restrictions loosened and travel resumed, many lodging companies have struggled to staff hotels, with some cutting back housekeeping.

By Maura Webber Sadovi • Feb. 14, 2023

Rapid inflation persists as Fed officials favor higher rates

Federal Reserve policymakers have recently voiced particular concern for persistently high gains in prices for services excluding housing.

By Jim Tyson • Feb. 14, 2023

Automation to reshape finance job descriptions

With a continued focus on automation in the job function, CFOs need to be prepared for job creation outside of traditional accounting.

By Elizabeth Flood • Feb. 14, 2023

More CFOs eye the top seat: report

Of CFOs who take new roles, about 80% are opting for non-CFO jobs, according to a report about CFO “flight risk” from management consulting firm Russell Reynolds.

By Elizabeth Flood • Feb. 13, 2023

FTC Dems take aim at merger review time limits

A new report shows “unprecedented” challenges faced by the agency in conducting effective merger reviews and the need for congressional action, FTC Chair Lina Khan and her two Democratic colleagues said.

By Alexei Alexis • Feb. 13, 2023

PwC doubles down on tech M&A

The Big Four firm is still on the hunt for companies that will enhance its position as a ‘digital business partner’ to its clients.

By Suman Bhattacharyya • Feb. 13, 2023

What CFOs need to get right when adopting subscription models

With subscription models continuing to expand across industries and verticals, the CFO has a significant role to play in making sure organizations can launch, manage, track and account for recurring revenue streams.

By Mark Aubin, Senior Vice President, Solution Consulting, Aptitude Software • Feb. 13, 2023