MGM Resorts’ cyberattack headache continues as regulators launch investigations

The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.

By David Jones • Feb. 26, 2024

New Prophix CFO: championing the ‘data steward’ shift

The “bird’s eye view” of the business provided by finance chiefs makes them ideal choices as stewards of data, Prophix CFO Aaron Levine says.  

By Grace Noto • Feb. 22, 2024

Explore the Trendline➔

Spend management innovation yields equity value

Spend management technology is about attracting talented staff, reducing compliance problems and scaling back-office operations in a way that creates value. 

By CFO Dive staff

‘Maverick’ SaaS spending by workers can waste millions: Vertice

A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.

By Alexei Alexis • Feb. 20, 2024

Honeywell exec upbeat on warehouse automation trends

Rising e-commerce shipments and ongoing labor shortages are among macrotrends that are favorable to the market.

By Alexei Alexis • Feb. 20, 2024

L’Oréal leans into AI with data in mind

“AI now transcends many of the things we do,” CEO Nicolas Hieronimus said during the beauty company’s earnings call. 

By Lindsey Wilkinson • Feb. 16, 2024

IT, finance must take point on strategy in AI age: OneStream

The more AI filters into business processes, the tighter the relationship between finance and IT needs to be, OneStream’s Pam McIntyre said.  

By Grace Noto • Feb. 15, 2024

Ex-Zoom finance exec lands at fraud detector Forter

Forter’s new CFO, Anthony Barsoom, is replacing Aaron Barfoot, who exited to become finance chief of a rival company.

By Alexei Alexis • Feb. 15, 2024

CFOs harbor data quality worries ahead of AI push

Adding bad data to sexier AI models simply means CFOs will get “bad analytics faster,” BlackLine’s Michael Polaha says.

By Grace Noto • Feb. 13, 2024

Bank of America customer data exposed in IT provider breach

A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.

By Rajashree Chakravarty • Feb. 13, 2024

Renamed FinQuery tackles CFOs’ SaaS pain points

The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.

By Alexei Alexis • Feb. 13, 2024

AI dominates CFOs’ 2024 budget hike plans

The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

By Alexei Alexis • Feb. 13, 2024

Yellen backs legislation to avert AI threat to financial stability

Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

By Jim Tyson • Feb. 8, 2024

CEO, CFO compensation clawback helps tech firm skirt SEC fine

Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.

By Alexei Alexis • Feb. 7, 2024

Clorox says it incurred $49M in costs from 2023 cyberattack

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

By Alexei Alexis • Feb. 6, 2024

The fight against cyber fraud: How to up your game in 2024

CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

By Baptiste Collot • Feb. 6, 2024

Enterprise cloud spend jumped in Q4, nudged upward by AI

The power balance among AWS, Microsoft and Google Cloud shifted slightly as infrastructure services saw the largest ever quarter-over-quarter market expansion recorded by Synergy Research Group.

By Matt Ashare • Feb. 5, 2024

Productivity rebound buoys profits, blunts inflation, validates streamlining

A leap in productivity may reflect a post-pandemic readjustment rather than a lasting trend in higher efficiency, Federal Reserve Chair Jerome Powell said.

By Jim Tyson • Feb. 1, 2024

PwC veteran talks cracking the IT, finance silos

Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.’

By Grace Noto • Feb. 1, 2024

Microsoft rides AI fervor to $62B in sales

The company’s move to incorporate AI has represented “a real pivot of our investment infrastructure,” CFO Amy Hood said.

By Grace Noto • Jan. 31, 2024

CFOs must keep focus on ‘streamlined, clean’ data, Infosys exec says

Wrestling insights out of previously siloed data in a compliant, effective manner is paramount for CFOs looking to take advantage of generative AI technologies.

By Grace Noto • Jan. 30, 2024

One in four companies ban GenAI

The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

By Alexei Alexis • Jan. 30, 2024

Tech CFOs kick off 2024 with flurry of layoffs

The latest layoffs show that many tech CFOs remain laser-focused on ensuring long-term profitability in an uncertain economic environment, analysts said.

By Alexei Alexis • Jan. 30, 2024

Southwest Airlines to spend $1.7B on tech, cloud migration this year

The commercial carrier has shifted just under half of its tech estate to cloud, President and CEO Bob Jordan said Thursday.

By Matt Ashare • Jan. 29, 2024

What’s behind SAP’s massive restructuring push?

“Cloud is the big elephant in the room for SAP,” Forrester VP and Principal Analyst Liz Herbert said.

By Matt Ashare • Jan. 26, 2024

Upwork CFO sees signs of ‘macroeconomic softness’ in freelancer wage stagnation

While the freelancer economy remains robust, CFO Erica Gessert is keeping her eye on stagnant wage growth amid continued uncertainty.

By Grace Noto • Jan. 25, 2024