Strategy & Operations: Page 8


  • Securities and Exchange Commission, SEC, Building in Washington DC
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    Judge deals major blow to SEC’s cybersecurity enforcement stance

    “The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

    By July 23, 2024
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    Andrew Brookes
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    Many CFOs still in early phase of digital transformation: McKinsey

    Finance teams are grappling with roadblocks such as already-demanding workloads, a lack of relevant capabilities and insufficient resources.

    By July 23, 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
  • The exterior of a U.S. Bankruptcy Courthouse.
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    Firms favored reorganizations over liquidations in H1: S&P

    The jump in companies choosing Chapter 11 could signal rising corporate optimism about reorganization prospects that is partly driven by anticipated rate cuts.

    By July 22, 2024
  • CrowdStrike booth at Black Hat USA 2023 in Las Vegas.
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    Matt Kapko/CFO Dive
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    Visa, Mastercard say CrowdStrike didn’t impact networks

    Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

    By Lynne Marek • July 22, 2024
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    THEPALMER via Getty Images
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    Sponsored by Celonis

    From the top line to bottom line to green line: The multifaceted impact of sustainability

    Sustainability is now a crucial guiding principle for businesses globally.

    July 22, 2024
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    Deep Dive

    ‘Surge Moment’: Generative AI upends time-tested measurements of ROI

    CFOs gauging the return on investment from generative artificial intelligence are trying to map fuzzy terrain, according to financial executives and AI experts.

    By July 19, 2024
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    Opinion

    Finance leaders need to move quickly to prep for the ‘tax trifecta’

    U.S. businesses must begin scenario planning ahead of the presidential election to avoid being caught off guard by sudden shifts in tax policy, KPMG’s Rema Serafi writes.

    By Rema Serafi • July 19, 2024
  • IT Technician with a Laptop Computer and Black Male Engineer Colleague are Talking in Data Center while Walking Next to Server Racks.
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    gorodenkoff via Getty Images
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    Legacy tech upgrades cost the average business nearly $3M last year

    Maintenance costs, impacts on the data stack and AI ambitions are pushing companies to modernize, a SnapLogic survey found.

    By Lindsey Wilkinson • July 19, 2024
  • A blue screen with an unhappy face is depicted on a screen in the background behind glass and in front of a person looking down.
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    Anthony Kwan / Stringer via Getty Images
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    CrowdStrike software update at the root of a massive global IT outage

    A defective software update led to major disruptions in aviation, banking and other industries as Microsoft 365 services were impacted worldwide.

    By David Jones • July 19, 2024
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    ‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY

    The number of investor activist campaigns this proxy season rose to 691, a 2.4% increase compared with 2023, according to EY.

    By July 17, 2024
  • Federal Reserve Bank Chair Jerome Powell speaks during a congressional hearing.
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    High interest rates dampen hopes for robust M&A recovery

    While M&A activity is gaining momentum, dealmakers continue to face a mixed macroeconomic environment, Boston Consulting Group analysts said. 

    By July 17, 2024
  • A businessperson hands a colleague a paycheck.
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    CFOs plan to raise salaries 3.9% in 2025: WTW

    U.S. companies are trimming salary increases as the labor market loosens, recovering from a pandemic period of high resignations, job hopping and wage gains.

    By July 16, 2024
  • An individual interacts with an AI chatbot on a computer screen.
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    AI budgets poised to surge in 2025

    While AI investments are expanding, many companies are failing to invest in infrastructure necessary to optimize the technology, EY found.

    By July 16, 2024
  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Powell says data lift Fed confidence inflation cooling toward 2% goal

    Federal Reserve Chair Jerome Powell welcomed recent inflation data, including a report that the core consumer price index rose last month at the slowest pace since early 2021.

    By July 15, 2024
  • A person walks into BNY Mellon's headquarters in New York City.
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    Mario Tama / Staff via Getty Images
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    Banks should proactively combat instant payments fraud: BNY

    Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

    By Suman Bhattcharyya • July 12, 2024
  • A person in a white t-shirt works behind the counter at a cafe.
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    Scott Olson / Staff via Getty Images
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    Casual dress codes, informal etiquette may help recruiting and retention, survey indicates

    Employers may want to be more lenient with attire, cellphones and communication, but such shifts also may confuse employees if expectations aren't clear.

    By Carolyn Crist • July 12, 2024
  • Costco logo
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    Costco hikes membership fees 8% as inflation eases

    The long-anticipated increase marks the first time since 2017 that the global retailer has raised its membership fees. 

    By July 11, 2024
  • Businessman holds electronic tablet showing profit data, while businesswoman holds hard-copy report.
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    GenAI spending frenzy shifts as revenue emerges as top ROI priority

    Revenue generation has overtaken productivity as C-suite leaders’ primary return-on-investment metric for generative AI spending, KPMG found.

    By July 11, 2024
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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    Jens_Lambert_Photography via Getty Images
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    Fed will cut main rate before inflation falls to its 2% goal: Powell

    A decline in the Federal Reserve’s preferred inflation measure to 2.6% has prompted policymakers to focus more on the cooling job market, Fed Chair Jerome Powell said.

    By July 10, 2024
  • Shot of UPS truck driving down an open road
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    Mario Tama via Getty Images
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    Newly-appointed UPS CFO faces shipping, cost quandary

    Brian Dykes faces the tough challenge of boosting shipping volumes without subsequently increasing costs, West Monroe’s Jeremy Tancredi said.

    By July 10, 2024
  • Monish Patolawala head shot
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    Courtesy of ADM
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    ADM hires 3M CFO, signaling push for fresh start after accounting woes

    The grain trading giant’s financial reporting practices have been in the spotlight since January when it revealed an internal probe was underway.

    By July 10, 2024
  • A construction worker sits alone at a jobsite.
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    Powell spotlights risks to jobs, wants more gains against inflation

    The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.

    By July 9, 2024
  • Header image for "Best in Class CFOs Drive 6.6% Savings With Spend Management Tech: Weekly Stat"
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    Opinion

    How CFOs can leverage AI in spend management

    AI can sift through tons of data in seconds, streamlining tax calculations in the employee expense process, among other benefits, writes SAP Concur’s Chris Juneau.

    By Chris Juneau • July 9, 2024
  • Shot of Beautyrest branded pillow resting on a mattress
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    Serta brings in ElectroLux alum as finance chief after latest CEO swap

    GE alum Cesar Perez will take the mattress manufacturer’s financial reins only a few days after its newly-appointed CEO, Jim Loree, stepped into his role as of July 1.  

    By July 8, 2024
  • Hooded person types on computer in a dark room with multiple monitors and cables everywhere.
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    Almost 60% of corporate cybersecurity budgets are higher this year: report

    Artificial intelligence is a key focal area as organizations scramble to keep up with threat actors, the study shows.

    By July 3, 2024