Tariffs to cost maker of Saucony, Keds $5M, CFO says

CFO Mike Stornant said the pull-forward began in reaction to previous tariff threats, with inventory rising 35% in Q2.  

By Emma Cosgrove • Aug. 13, 2019

Misconceptions hold back CFOs from wider RPA adoption

Robotic process automation promises more efficient finance operations, and it's much simpler to adopt than finance executives may realize.

By Robert Freedman • Aug. 13, 2019

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Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Strong FP&A team called a must before CFO can be strategic asset

CFOs are advised to hand day-to-day tasks to a strong controller and other FP&A team members so they can bring strategic view to the CEO. 

By Robert Freedman • Aug. 8, 2019

US employers to hold the line on pay raises at 3% in 2020

A new survey of large employers shows few discretionary bonuses slated for 2020, despite strong labor market.

By Jane Thier • Aug. 8, 2019

22% of finance staff don't plan to stay, study shows. Here's how to keep them

To retain your best accountants and other staff, let them try other things (even if they're not finance-related), a Gartner survey shows.

By Robert Freedman • Aug. 7, 2019

AI key to modernizing finance function

Traditional finance department models are becoming largely "ineffective and out of date" and need to be replaced by models that enable them to execute on day-to-day demands while delivering greater business value, CFOs said.

By Jane Thier • Aug. 7, 2019

Small companies drive big jump in IT outsourcing

34% of companies now outsource at least some of their network operations, compared with 30% last year, according to a report from Consumer Economics.

By Robert Freedman • Aug. 7, 2019

CVS CFO: Company will spend up to $350M to expand CarePass loyalty program

The pharmacy giant, which acquired Aetna in 2018, is investing in the home delivery sector to compete for Amazon customers.

By Jane Thier • Aug. 7, 2019

Fed commits to real-time payments system by 2024

The central bank looks to bring faster transactions to community bank customers and act as a safeguard in a marketplace already served by The Clearing House.

By Dan Ennis • Aug. 7, 2019

CFO not part of Amneal shake-up

Reeling from financial woes, Amneal is bringing back its founders as co-CEOs and letting other top executives go. However, CFO Branning will stay on.

By Jonathan Gardner • Aug. 5, 2019

Amid rising corporate profits, workers demand more equitable compensation

Weekly wages have increased by about 2.6% each year between 2008 and 2018, the U.S. Bureau of Labor Statistics found.

By Jane Thier • Aug. 5, 2019

CFOs, private equity at odds on roles

CFOs and their private equity partners aren't aligned when it comes to their expectations of one another, a survey finds. 

By Robert Freedman • Aug. 5, 2019

67% of candidates do not negotiate salaries

Only 15% of candidates provided salary ranges that their employers then negotiated within, Monster said. 

By Riia O'Donnell • Aug. 5, 2019

Mapbox hire shows how CFO can be strategic partner in tech company

A recent hire by a fast-moving start-up shows why CFOs must embrace new thinking on how to account for tech investments. 

By Robert Freedman • Aug. 5, 2019

Trade tensions: Look at back office too

Trade tensions are an opportunity to look at all operational costs, not just those affected by the threat of tariffs. 

By Robert Freedman • Aug. 5, 2019

$650 million Equifax settlement a wake-up call for CFOs, security expert says

CFOs are advised to devote the resources to put verification systems in place to avoid the kind of consumer data breach that hit Equifax.

By Jane Thier • Aug. 2, 2019

Making the finance function millennial friendly

Millennials' preference for quick turnarounds, multitasking and modified workplace rules is driving CFOs to rethink how they structure their finance function. 

By Suzanne Northington • Aug. 2, 2019

As simple as it sounds, just identifying your leases is the highest hurdle to new FASB standards

CFOs of private companies don't have much time to comply with new lease accounting standards even if FASB extends the start date a year, as it has proposed.

By Marc Betesh • Aug. 2, 2019

Digital transformation drives widest wedge between CFOs, CIOs, study shows

CFOs and CIOs don't always see eye to eye on digital strategy, in large part because the value of IT investments is so hard to quantify.

By Robert Freedman • Aug. 2, 2019

Feds OK letting unrelated companies offer joint retirement plans

A federal rule takes effect September 30 that permits companies to band together to provide retirement benefits to their employees as long as they're in the same area or state.  

By Robert Freedman • Aug. 2, 2019

Under Armour's supply chain simplification boosts margins

Under Armour's gross margins were up 170 basis points in the second quarter thanks in part to supply chain efforts, said COO Patrik Frisk. 

By Emma Cosgrove • Aug. 1, 2019

How Mylan ended as a junior partner in its Pfizer deal

Following a failed deal for Perrigo in 2015, Mylan's fortunes turned south as change came quickly to the generic drug industry.

By Jonathan Gardner • July 30, 2019