Strategy & Operations: Page 75
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As regulators step up data analytics, companies must do the same
Complying with government document requests is becoming too difficult and risky without predictive analytics tools, an e-discovery specialist says.
By Robert Freedman • Oct. 6, 2020 -
Siemens USA CFO: Outward-focused finance team essential
Computation skills must be the starting point, not the limiting factor, for staff to realize full potential, Marsha Smith says.
By Robert Freedman • Oct. 3, 2020 -
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 -
Costco CFO keeps close eye on working capital, inventory
Same-store sales for the members-only retail store rose more than 14% year-over-year in its most recent quarter, which Richard Galanti credits to consistent communication with merchants and suppliers.
By Jane Thier • Oct. 1, 2020 -
Companies lagging on LIBOR transition; lawsuits expected
There's little chance regulators will delay the December 2021 transition because of the pandemic, specialists say.
By Robert Freedman • Sept. 29, 2020 -
Harvard CFO: 'We cannot do everything everyone wants'
Thomas Hollister said the perception of Harvard University as having unlimited resources is false, and it can't "continue to deficit spend on an operating basis."
By Jane Thier • Sept. 24, 2020 -
CFO 'filled gas tank' at COVID-19 start to keep company growing
CMS software platform Contentful had a good cash position, but a quickly executed fundraise helped it stay focused on its North Star.
By Robert Freedman • Sept. 24, 2020 -
Companies see 'fresh-start' accounting as way to improve post-bankruptcy odds
As the pandemic sends companies into bankruptcy, CFOs consider a reorganizational approach that creates a new entity with a new set of books.
By Ted Knutson • Sept. 23, 2020 -
Survey: Digital transformation in finance a key agility indicator
Almost a third of CFOs said several financial digital transformation initiatives have stalled or stagnated amid the pandemic, at great cost to their organizations, a Workday survey found.
By Jane Thier • Sept. 23, 2020 -
Modeling skills a key shift in FP&A teams, CFOs say
The pandemic has accelerated the trend of new finance hires being expected to bring modeling competency to improve predictive analytics capabilities.
By Robert Freedman • Sept. 22, 2020 -
Lime CFO aims for profitability in 2021
As the dockless scooter startup pursues profitability, Andrea Ellis said the company is working towards its ultimate goal — "owning" all trips under five miles.
By Jane Thier • Sept. 21, 2020 -
CFO: Crisis 'not a good time to slow down' on innovation
Shoring up cash and investing for growth can happen in tandem, Learn4Life Network finance leader Guita Sharifi says.
By Robert Freedman • Sept. 21, 2020 -
Why zero-based budgeting is back in style
The pandemic has driven firms to rethink how much product they're buying and how much they'll need to meet demand.
By Jen A. Miller • Sept. 20, 2020 -
Google CFO: In-person work 'key' to fostering innovation
Though Google is letting employees work remotely through July 2021, Ruth Porat said in-person collaboration "within teams and across teams" is critical.
By Jane Thier • Sept. 18, 2020 -
Dunkin' CFO: Company's westward expansion 'key' to future development
Dunkin's decision to remain open as competitors closed and to open new branches in the South and West have positioned it well for the future, its CFO said Tuesday.
By Jane Thier • Sept. 17, 2020 -
Starbucks CFO: Curbside expansion key to customer retention
Curbside is expected to be particularly helpful at drive-thru locations to prevent customers from driving away if lines are too long, CFO Pat Grismer said.
By Julie Littman • Sept. 17, 2020 -
How one CFO fleshes out the CEO's vision
Finance chiefs should bring structure to how company leadership considers opportunities, Arm CFO Inder Singh says.
By Robert Freedman • Sept. 16, 2020 -
Survey: CFOs expect rise in corporate tax rates, trade tensions, post-election
Of those CFOs who participated in the PwC survey, 39% said the federal government should implement a strategy to boost domestic production of essential goods to bolster the economy.
By Jane Thier • Sept. 15, 2020 -
Peloton CFO: Company doesn't 'want, or need, gyms to die' to maintain growth
Jill Woodworth said the company's total recorded workouts, reaching almost 77 million in the quarter, is the KPI of which she is most proud.
By Jane Thier • Sept. 14, 2020 -
CFOs chart a COVID real estate strategy
Bankruptcy a tactical tool to win rent concessions
Despite the pandemic, landlords are unlikely to negotiate willingly, attorneys say.
By Robert Freedman • Sept. 13, 2020 -
Nestlé CFO shares plans for 'sizable acquisitions' in the future
At a virtual Barclays conference Wednesday, Francois-Xavier Roger said the world's largest food manufacturer "has been very disciplined" while completing large acquisitions and expects more to come.
By Jane Thier • Sept. 10, 2020 -
Freshly CFO: Metric definition key to sound business decisions
Unless a metric means the same thing to everybody, leaders can’t use it to drive a successful company strategy, Matt Hagel says.
By Robert Freedman • Sept. 10, 2020 -
Twitter CFO: 'You shouldn't be surprised' to hear TikTok acquisition rumors
Ned Segal said the company, which has acquired a number of apps since its 2013 IPO, is always looking to add "anything that accelerates [its] priorities."
By Jane Thier • Sept. 9, 2020 -
High transparency culture can work against performance
When everyone knows how everyone else is doing, the most skilled will often lower their achievements to align with others, a study finds.
By Robert Freedman • Sept. 8, 2020 -
Amid drop in sales, Urban Outfitters CFO opts to curtail inventory
"One of the most complex things we've been managing throughout the pandemic is just managing the sourcing network," Frank Conforti said.
By Jane Thier • Sept. 8, 2020 -
CFOs chart a COVID real estate strategy
Pandemic shuffles companies' real estate strategies
Some asset classes are thriving while others face a flood of ghost properties. How finance leaders navigate the uncertainty over the next six months is crucial.
By Robert Freedman • Sept. 6, 2020