Strategy & Operations: Page 7


  • Stressed businesswoman at desk
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    Fractional experts, AI can ease pressures on ‘overextended’ finance teams

    CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.

    By Aug. 12, 2024
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    Jobless claims dip below forecasts in glimmer of hope for labor market

    The report on initial jobless claims helped fuel a rebound in equity markets following news last week of job market weakness.

    By Aug. 8, 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
  • An executive signs paperwork inside a meeting room, two workers sitting at either side
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    NoSystem Images via Getty Images
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    CFOs must act as data, decision-making center: Pigment

    CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.

    By Aug. 8, 2024
  • The letters AI on a digital block
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    BlackJack3D via Getty Images
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    AI prep is top challenge for companies drowning in ‘unstructured data’

    The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.

    By Aug. 7, 2024
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    fizkes via Getty Images
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    Delinquencies rise as household debt hits record high: NY Fed

    Rising consumer debt and delinquencies, along with an increase in unemployment, have shown no signs of dampening consumer spending.

    By Aug. 7, 2024
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    SonerCdem via Getty Images
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    Job market setbacks do not ‘portend’ broad slump: Conference Board

    Investors fearing a recession have pulled back from risk since a report on Friday that unemployment last month rose to 4.3%.

    By Aug. 6, 2024
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    Mark Makela via Getty Images
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    Warehouse robot momentum faces cost, ROI challenges

    Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.

    By Aug. 6, 2024
  • KPMG logo on a skyscraper at night in Toronto CBD, Ontario, Canada.
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    BalkansCat via Getty Images
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    KPMG aims to bolster tech consulting position in Rhino.AI deal

    The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.

    By Aug. 6, 2024
  • The US Federal Reserve building in Washington DC
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    Fed’s Goolsbee seeks to cool speculation of sudden turn to rate policy

    The central bank official cited signs of solid economic growth, including a 2.8%-annual-rate increase in gross domestic product during the second quarter.

    By Aug. 5, 2024
  • CrowdStrike booth at Black Hat USA 2023 in Las Vegas.
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    Matt Kapko/CFO Dive
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    Insured loss impact could reach $1B following CrowdStrike outage

    Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.

    By David Jones • Aug. 5, 2024
  • In an aerial view, an Amazon Web Services data center is shown situated near single-family homes on July 17, 2024 in Stone Ridge, Virginia.
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    Nathan Howard / Stringer via Getty Images
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    Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark

    “While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.

    By Matt Ashare • Aug. 5, 2024
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    peepo via Getty Images
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    How to curb ‘key man risk’ and late SEC filings

    The accounting talent shortage and increased reporting requirements helped create a “perfect storm” leading to more late SEC filings, UHY’s Ro Sokhi said.

    By Aug. 2, 2024
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    Accounting pipeline task force calls out 6 fixes

    Reducing the time and cost of education needed to become a licensed CPA and raising starting salaries were among the solutions proposed in the final report.

    By Aug. 2, 2024
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    Fizkes via Getty Images
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    6 out of 10 firms expect to hold finance staffing steady, study finds

    While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey. 

    By Chris Gaetano • Aug. 2, 2024
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    Minnesota CPAs eye 2025 after 120-hour bill stalls

    The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.

    By July 30, 2024
  • Close-up Portrait of Software Engineer Working on Computer, Line of Code Reflecting in Glasses.
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    gorodenkoff via Getty Images
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    BlackBerry promotes cyber finance chief to company CFO

    The CFO shift comes as BlackBerry seeks $150 million in cost saving and proceeds with a separation plan for its IoT and cybersecurity divisions.

    By July 30, 2024
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    Startup focused on easing digital B2B payment pain points raises $9M

    The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.

    By July 30, 2024
  • Office workstation top view of business people working around the letters "M&A" as well as a keyboard, calculator, phablet and money on wooden table.
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    Atstock Productions via Getty Images
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    How the GenAI boom is impacting M&A deals

    About eight in 10 dealmakers responding to a KPMG poll said that GenAI has had some effect on their M&A strategy.

    By July 30, 2024
  • Image of President Biden sitting at his desk in the Oval Office on July 24 addressing the nation about his decision to not seek reelection.
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    Andrew Harnik via Getty Images
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    Election turmoil ratchets up CFOs’ geopolitical risks

    Finance leaders’ agility is facing a fresh test as they consider potential impacts of the recent shakeup in the U.S. presidential election.

    By , July 29, 2024
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    Just_Super via Getty Images
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    Deep Dive

    7 CFO tips for yielding high ROI during the rush into generative AI

    Financial executives willing to chance big spending on generative AI can take steps to reduce risk and seize the payoffs.

    By July 26, 2024
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    3 risky ‘surveillance pricing’ practices to avoid

    CFOs should be ready for potentially tougher enforcement actions connected to pricing practices in the future, says Michael Keeley, an attorney with law firm Axinn, Veltrop & Harkrider.

    By July 25, 2024
  • Makeup and accessories displayed on a store counter.
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    Jason Kempin via Getty Images
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    Estée Lauder controller lands CFO seat amid restructuring

    Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes. 

    By July 24, 2024
  • Ruth Porat, Google
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    Alphabet investors get mixed news from departing CFO Ruth Porat

    The tech giant’s shares sank after Porat’s mixed comments about the company’s operating margin outlook.

    By July 24, 2024
  • The Spotify company logo is diaplayed as traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City.
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    Spotify profit jumps amid ‘early days’ of price increases

    Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.

    By July 23, 2024
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    bernie_photo via Getty Images
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    ‘Friendly fraud’ persists under the radar

    Fraud committed by customers threatens companies’ bottom lines and often goes unreported, experts say.

    By July 23, 2024