Forget FOBO: use AI or lose your FP&A job

Financial, planning and analytics professionals need to adapt to AI — or risk being replaced by someone else who does embrace it, FP&HEY Co-founder Drew Murphy writes. 

By Drew Murphy • Sept. 19, 2023

Flawed data ranked as top AI risk: Workday

While AI error risks can be reduced, many firms are unprepared as they “wrangle huge volumes of information across patchwork systems, static spreadsheets, and fragmented processes,” Workday says.

By Alexei Alexis • Sept. 19, 2023

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

Brex adds more AI to CFOs’ expense management arsenal

Brex is one of many software vendors that are racing to bet on AI following the swift rise of ChatGPT, created by Microsoft-backed OpenAI.

By Alexei Alexis • Sept. 19, 2023

Clorox warns of product shortages a month after disclosing cyberattack

The household product maker said the incident damaged IT systems and will have a material effect on its fiscal Q1 performance.

By David Jones • Sept. 18, 2023

Lockheed Martin CFO details persistent inflation

The North Bethesda, Maryland-based aerospace company’s finance chief expects to see inflationary impacts persist through next year.

By Chris Gaetano • Sept. 18, 2023

Most workers use AI, usually without company safeguards

Workers are quickly adopting generative AI, and most of them believe the powerful tools do not threaten their jobs, the Conference Board said.

By Jim Tyson • Sept. 15, 2023

Cloud strategy misalignment leads some workloads back on-prem

As migrations progress, organizations are still struggling to bring IT investments in line with business goals.

By Matt Ashare • Sept. 14, 2023

EY launches $1.4B AI-focused platform

The Big Four firm’s dedicated AI group comes as accounting and financial firms continue to write large checks aimed at cashing in on the technology’s potential.  

By Grace Noto • Sept. 14, 2023

Brookings’ Klein calls for regulators to speed up ‘tepid’ FedNow adoption

It’s risky to rely entirely on market forces to drive the use of the Fed’s new instant payments service, says Brookings Senior Fellow Aaron Klein.

By Suman Bhattacharyya • Sept. 13, 2023

PwC curbs US offerings, pushes auditor independence

The Big Four firm is curbing its U.S. consulting offerings as concerns over auditor independence continue to swirl.  

By Grace Noto • Sept. 12, 2023

Citi, Cisco venture arms join cyber startup’s $19M funding round

The investment boosts the startup's effort to roll out a tool to help businesses swiftly respond to cyberattacks, which are causing million-dollar losses.

By Alexei Alexis • Sept. 12, 2023

Why AP automation is a smart investment for CFOs

When it comes to managing thousands of invoices, artificial intelligence and automation can run a much tighter ship than humans, asserts Medius executive Branden Jenkins.

By Branden Jenkins • Sept. 12, 2023

Payments automation: How AP managers can navigate trends, challenges and opportunities

The convergence of rising payment fraud, an increasing prevalence of remote work, and a need for streamlined processes drive the demand for AP department automation.

Sept. 11, 2023

Overcoming the challenges of backend payment processing

PayPal takes care of a whole stack of back-end payment processing to deliver for its customers. Let’s take a look under the hood.

Sept. 11, 2023

New KPMG task force to zero in on ‘responsible AI’

The group’s creation comes as concerns surrounding the ethical use of generative AI tools continue to grow.

By Grace Noto • Sept. 8, 2023

Shutterfly CFO steps down, ex-Philips exec to take over

Jan Paul Teuwen will take the finance reins at the San Jose, California-based digital imaging company, with a focus on driving “lasting growth.”

By Alexei Alexis • Sept. 7, 2023

SaaS moves to usage-based pricing as enterprises optimize tech spend

Software providers shift to pay-as-you-go billing to bolster revenue growth and give customers more flexibility. 

By Matt Ashare • Sept. 6, 2023

CFOs are ‘squarely’ in ERP decision process, Deloitte’s Farhat says

Transformation is a key way for CFOs to cut costs and boost profit, but finance chiefs need to keep compliance front and center, Deloitte’s Isa Farhat advises.

By Grace Noto • Sept. 6, 2023

More tech sector layoffs coming: AlixPartners

High interest rates, slowing customer demand and over-hiring during the COVID-19 pandemic are driving tech executives to sharpen their profitability focus.

By Alexei Alexis • Sept. 5, 2023

Most CFOs aim to ‘build a new business’: McKinsey

Top financial executives have shifted to a more optimistic point of view after focusing during the past 12 months on containing credit, liquidity and market risks.

By Jim Tyson • Sept. 5, 2023

SEC cyber rules go into effect, raising stakes for CFOs

Armed with its new rules that expand on prior guidance, the regulator could be poised to double down on aggressive cybersecurity enforcement, experts say.

By Alexei Alexis • Sept. 5, 2023

Salesforce CFO: Boost from AI, price hikes will ‘take a while’

Neither price increases nor investments in artificial intelligence will likely boost the company’s revenue significantly this year, CFO Amy Weaver said.

By Alexei Alexis • Aug. 31, 2023

HP blames ‘external environment’ as revenues shrink

Cautious enterprise customer spending and delayed purchase decisions contributed to a mixed fiscal third quarter, CFO Marie Myers said.

By Alexei Alexis • Aug. 30, 2023

Salesforce’s on-prem clients face cloud migration pressure: Gartner

The SaaS company is raising on-premises subscription license fees for its “Tableau” data analytics tool, signaling its intention to continue migrating customers to the cloud, Gartner analysts said.

By Alexei Alexis • Aug. 29, 2023

Corporate boards expand cybersecurity risk oversight: EY

The recent study shows Fortune 100 chief information security officers are growing more closely engaged with their boards and C-suites.

By David Jones • Aug. 29, 2023