Logistics CFO taps technology, focuses on cash flow amid supply chain woes

Transport Corp Canada’s Group CFO Venu Katta has intensified his focus on cash flow management as supply chain issues continue to hamstring the trucking industry.

By Ramona Dzinkowski • Aug. 1, 2022

Business taxes in Manchin deal draw fire from Chamber of Commerce

Tax experts have warned CFOs to be on the lookout for a renewed push from President Biden’s administration for new or higher corporate taxes. 

By Maura Webber Sadovi • July 29, 2022

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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

Time to put global payroll where it belongs – in finance

Global payroll used to be relegated to the back office. Now it’s a strategic asset for a recession.

July 29, 2022

Steady capex buoys JPMorgan economist’s recession-free outlook

While businesses are cautious, second quarter capex levels suggest they don’t appear to be bracing for a broader contraction, according to JPMorgan’s Jim Glassman. 

By Maura Webber Sadovi • July 28, 2022

Retired PwC vet appointed CFO of Sierra Madre

Fresh from its recent acquisition of a high-grade mine in Mexico’s silver belt, Sierra Madre has appointed Kenneth Scott, formerly a partner at PwC, as its new CFO.  

By Elizabeth Flood • July 26, 2022

Police equipment-maker Wrap taps new CFO

Wrap Technologies expects demand for non-lethal law enforcement tools to grow as communities seek more hands-off and compassionate policing practices in the wake of the murder of George Floyd.  

By Maura Webber Sadovi • July 25, 2022

Companies can benefit from employee recognition programs: Gallup

Training managers to publicly acknowledge employees for who they are and what they do could save a 10,000-employee company up to $16.1 million in turnover costs annually.

By Elizabeth Flood • July 25, 2022

Recession likely to begin in first quarter 2023: Fannie Mae

The Fed will probably succeed in slowing inflation but its withdrawal of stimulus may trigger a recession early next year, economists said.

By Jim Tyson • July 22, 2022

Most accountants suffer burnout: study

A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes.

By Jim Tyson • July 21, 2022

C-suite savvy key to digital transformation success, McKinsey says

Many top executives are underwhelmed by the pay-off from spending on digital transformation, including after building new digital businesses within their companies.

By Jim Tyson • July 20, 2022

Confidence among CFOs, accountants falls to record low: survey

Rising operating costs and persistent supply chain bottlenecks clouded CFOs’ outlook during the three months ending in June.

By Jim Tyson • July 19, 2022

Nearly one-third of workers plan to quit: Conference Board

Many CFOs are raising wages in order to curb near-record attrition in a highly competitive labor market.

By Jim Tyson • July 18, 2022

Companies next year plan biggest average pay raise since 2008

In order to succeed in a highly competitive labor market, companies need to consider providing non-monetary benefits such as workplace flexibility in addition to pay raises, Willis Towers Watson said.

By Jim Tyson • July 14, 2022

Twitter suit details CFO, CEO caught in Musk crossfire

Twitter’s complaint paints a picture of senior executives under pressure as they seek to cooperate with and provide information to a mercurial buyer.

By Maura Webber Sadovi • July 13, 2022

Prices surge 9.1% as Fed girds for tougher inflation fight

The jump last month in “core prices” — excluding volatile food and energy — signals that inflation was widespread. 

By Jim Tyson • July 13, 2022

Trailblazing CFOs are turning rampant uncertainty into opportunity

It’s clear that the CFOs who take a creative and nimble approach to operating their businesses will continue to fare better than those taking the more classic, slightly deliberate and conservative approach of even the more “modern” CFOs.

By Dan Fletcher, CFO, Planful • July 12, 2022

Inflation knocks small business expectations to record low: NFIB

Small businesses — a bellwether for U.S. economic trends — face persistent hiring challenges in a tight labor market.

By Jim Tyson • July 12, 2022

Long-time Vail CFO, key to acquisitions, exits

Vail CFO Michael Barkin is stepping down, as the company's new CEO has shifted the resort operator's focus to better support employees, amid worker shortages.

By Maura Webber Sadovi • July 11, 2022

Cloud computing adds value well beyond agility, efficiency: Deloitte

Companies excelling in the use of cloud computing work with three or four cloud providers rather than only one or two and do not spend much more on cloud platforms and services than their rivals, Deloitte found in a survey.

By Jim Tyson • July 11, 2022

Twitter CFO retweets board plan to enforce Musk deal

Experts have differed as to whether Twitter CFO Ned Segal would remain at the company in a Musk-led scenario. 

By Maura Webber Sadovi • July 10, 2022

Auditors see inflation plaguing economy for at least 12 months: CAQ

High inflation and tight labor markets have compelled many CFOs to revise business plans during the past several months. Most audit partners see the two challenges persisting.

By Jim Tyson • July 8, 2022

GameStop ousts CFO, taps former interim finance chief

Michael Recupero’s exit could be a signal that GameStop’s effort to “Amazon-ify” its business isn’t working. 

By Maura Webber Sadovi • July 8, 2022

Don't abandon stablecoins over Terra, CFO says

Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.

By Irina Berkon • July 8, 2022

Advent's Maitland predicts CFOs will return to convertible bonds

Global convertible bond issuance volumes posted a record slow first half, plummeting nearly 90% year-over-year to $11 billion, according to a Bank of America report.

By Maura Webber Sadovi • July 7, 2022

M&A falls 21% during first half 2022 amid global turmoil: Refinitiv

As the M&A market shrinks following a banner year in 2021, CFOs eager to pursue a deal can still draw from abundant capital.

By Jim Tyson • July 7, 2022