Finance teams lag behind HR, legal in AI adoption: Gartner

“CFOs want to be sure they can trust the technology, and part of that trust is understanding how it works and where it fits” within the finance function, Gartner’s Marco Steecker said.

By Alexei Alexis • Nov. 14, 2023

Escalating SaaS prices outpace CPI inflation

Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice. 

By Alexei Alexis • Nov. 14, 2023

Explore the 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

Fed whipsawed on key signals for inflation expectations

With just a month before their next meeting, Fed officials are tracking expectations for inflation as a sign of whether businesses will raise prices and workers will demand higher pay.

By Jim Tyson • Nov. 13, 2023

4 ways streamlining T&E can speed up the month-end financial close process

To speed up expense reconciliation — and, in turn, the financial close — companies need to ditch manual processes and embrace solutions that make managing travel and expenses faster and easier.

Nov. 13, 2023

Why CFOs must remove barriers to growth in a ‘deadweight’ economy

What sets apart leading efficient-growth companies is the way they remove barriers or “growth anchors” that impede action, Gartner’s Dennis Gannon writes.

By Dennis Gannon • Nov. 10, 2023

Powell says Fed’s inflation fight ‘has a long way to go’

The Fed needs to see more signs of easing price pressures before declaring an end to monetary tightening, central bank officials said.

By Jim Tyson • Nov. 9, 2023

PCAOB chief chides auditors for blaming failures on talent shortage

The quality of audits has trended “in the wrong direction for the second year in a row,” PCAOB Chair Erica Williams said.

By Jim Tyson • Nov. 8, 2023

Half of cloud transformations are ‘abject failures’

As the technology matures, CFOs are asking CIOs to justify the business value of existing migrations, HFS CEO and Chief Analyst Phil Fersht said.

By Matt Ashare • Nov. 8, 2023

SEC commissioner suggests ‘re-proposing’ climate risk disclosure rule

Some investors seek broader company disclosures with the aim of promoting social change rather than clarifying stock valuations, SEC Commissioner Mark Uyeda said.

By Jim Tyson • Nov. 7, 2023

Banks tighten standards on loans to companies of all sizes: Fed

Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.

By Jim Tyson • Nov. 6, 2023

Truist pushes ambitious reorganization in $750M cost-cutting plan

CFO Mike Maguire says the bank is making good progress, as it grapples with a string of high-profile executive departures.

By Suman Bhattacharyya • Nov. 6, 2023

A data governance blueprint for finance teams

Learn how CFOs can establish controls and cross-departmental partnerships for stronger data governance.

Nov. 6, 2023

NJ ranks worst in business taxes with NY close behind

The Garden State may rise from dead last in corporate tax rankings if a 2.5% business tax surcharge expires at the end of this year as scheduled, the Tax Foundation said.

By Jim Tyson • Nov. 2, 2023

PayPal CEO pledges ‘leaner’ business, names new CFO

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

By Lynne Marek • Nov. 2, 2023

Fed holds main rate steady, flags option of future hike

The central bank kept the federal funds rate unchanged despite higher-than-forecast strength in hiring and economic growth.

By Jim Tyson • Nov. 1, 2023

Companies relying on foreign sales see Q3 earnings slump 4.7%

The dollar rose against other major currencies during the third quarter, eroding revenues at large companies such as Pfizer and Exxon Mobil, FactSet said.

By Jim Tyson • Oct. 31, 2023

Small businesses imperiled by credit crunch: Goldman

Federal Reserve officials begin meeting Tuesday to assess several crosscurrents in the economy as companies adjust to the highest borrowing costs in 22 years.

By Jim Tyson • Oct. 30, 2023

McDonald’s CFO: Traffic dips despite ‘trade down’ gains

The dip comes as Chicago-based McDonald’s has battled to offset rising costs by raising prices without alienating customers.

By Maura Webber Sadovi • Oct. 30, 2023

The changing face of clean energy and tax strategy

The Inflation Reduction Act has changed the tax landscape. CFO Dive spoke with Bellus Ventures and Thompson Coburn LLP to understand the steps that CFOs can take to stay ahead of the curve on clean energy investments.

Oct. 30, 2023

Weighing the benefits: Why more employers are transferring DB risk

Moving away from defined benefit plans as the primary retirement program doesn’t require terminating the plan outright.

Oct. 30, 2023

Consumers, inflation give hopeful Halloween retailers a dose of the scaries

Total Halloween spending is forecast to hit $12.2 billion this year, but rising wage and sugar costs are cutting into profits.

By Chris Gaetano • Oct. 27, 2023

Ensuring your separation agreements are OK as SEC steps up whistleblower protection

Even private companies could be hit if the agency believes contract language discourages, not just prohibits, employees from talking with federal agencies. 

By Robert Freedman • Oct. 27, 2023

What businesses can learn from the F-35B fighter jet failure

When planning complex projects, it’s important to focus on their core purposes without adding nonessential features, project management expert Dr. Te Wu writes.

By Dr. Te Wu • Oct. 26, 2023

Gensler says single platform of AI data may trigger financial turmoil

While recognizing the transformative power of AI, Gensler said the technology will likely prompt “herding” in financial markets, creating instability.

By Jim Tyson • Oct. 25, 2023

Risks to earnings put CFOs on defensive: AFP

Rising borrowing costs are straining balance sheets and complicating efforts by CFOs to refinance debt.

By Jim Tyson • Oct. 24, 2023