Strategy & Operations: Page 6


  • KPMG logo on a skyscraper at night in Toronto CBD, Ontario, Canada.
    Image attribution tooltip
    BalkansCat via Getty Images
    Image attribution tooltip

    KPMG aims to bolster tech consulting position in Rhino.AI deal

    The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.

    By Aug. 6, 2024
  • The US Federal Reserve building in Washington DC
    Image attribution tooltip
    uschools via Getty Images
    Image attribution tooltip

    Fed’s Goolsbee seeks to cool speculation of sudden turn to rate policy

    The central bank official cited signs of solid economic growth, including a 2.8%-annual-rate increase in gross domestic product during the second quarter.

    By Aug. 5, 2024
  • Help wanted sign in front of store front. Explore the Trendline
    Image attribution tooltip
    lorozco3D via Getty Images
    Image attribution tooltip
    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
  • CrowdStrike booth at Black Hat USA 2023 in Las Vegas.
    Image attribution tooltip
    Matt Kapko/CFO Dive
    Image attribution tooltip

    Insured loss impact could reach $1B following CrowdStrike outage

    Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.

    By David Jones • Aug. 5, 2024
  • In an aerial view, an Amazon Web Services data center is shown situated near single-family homes on July 17, 2024 in Stone Ridge, Virginia.
    Image attribution tooltip
    Nathan Howard / Stringer via Getty Images
    Image attribution tooltip

    Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark

    “While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.

    By Matt Ashare • Aug. 5, 2024
  • annual reports
    Image attribution tooltip
    peepo via Getty Images
    Image attribution tooltip

    How to curb ‘key man risk’ and late SEC filings

    The accounting talent shortage and increased reporting requirements helped create a “perfect storm” leading to more late SEC filings, UHY’s Ro Sokhi said.

    By Aug. 2, 2024
  • Financial reports
    Image attribution tooltip
    DNY59 via Getty Images
    Image attribution tooltip

    Accounting pipeline task force calls out 6 fixes

    Reducing the time and cost of education needed to become a licensed CPA and raising starting salaries were among the solutions proposed in the final report.

    By Aug. 2, 2024
  • in-house lawyer job interview
    Image attribution tooltip
    Fizkes via Getty Images
    Image attribution tooltip

    6 out of 10 firms expect to hold finance staffing steady, study finds

    While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey. 

    By Chris Gaetano • Aug. 2, 2024
  • Minnesota State Capitol
    Image attribution tooltip
    Stephen Maturen via Getty Images
    Image attribution tooltip

    Minnesota CPAs eye 2025 after 120-hour bill stalls

    The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.

    By July 30, 2024
  • Close-up Portrait of Software Engineer Working on Computer, Line of Code Reflecting in Glasses.
    Image attribution tooltip
    gorodenkoff via Getty Images
    Image attribution tooltip

    BlackBerry promotes cyber finance chief to company CFO

    The CFO shift comes as BlackBerry seeks $150 million in cost saving and proceeds with a separation plan for its IoT and cybersecurity divisions.

    By July 30, 2024
  • Businesswoman checks online invoice
    Image attribution tooltip
    AndreyPopov via Getty Images
    Image attribution tooltip

    Startup focused on easing digital B2B payment pain points raises $9M

    The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.

    By July 30, 2024
  • Office workstation top view of business people working around the letters "M&A" as well as a keyboard, calculator, phablet and money on wooden table.
    Image attribution tooltip
    Atstock Productions via Getty Images
    Image attribution tooltip

    How the GenAI boom is impacting M&A deals

    About eight in 10 dealmakers responding to a KPMG poll said that GenAI has had some effect on their M&A strategy.

    By July 30, 2024
  • Image of President Biden sitting at his desk in the Oval Office on July 24 addressing the nation about his decision to not seek reelection.
    Image attribution tooltip
    Andrew Harnik via Getty Images
    Image attribution tooltip

    Election turmoil ratchets up CFOs’ geopolitical risks

    Finance leaders’ agility is facing a fresh test as they consider potential impacts of the recent shakeup in the U.S. presidential election.

    By , July 29, 2024
  • Artificial Intelligence Machine Learning Natural Language Processing Data Technology
    Image attribution tooltip
    Just_Super via Getty Images
    Image attribution tooltip
    Deep Dive

    7 CFO tips for yielding high ROI during the rush into generative AI

    Financial executives willing to chance big spending on generative AI can take steps to reduce risk and seize the payoffs.

    By July 26, 2024
  • price tags
    Image attribution tooltip
    FangXiaNuo via Getty Images
    Image attribution tooltip

    3 risky ‘surveillance pricing’ practices to avoid

    CFOs should be ready for potentially tougher enforcement actions connected to pricing practices in the future, says Michael Keeley, an attorney with law firm Axinn, Veltrop & Harkrider.

    By July 25, 2024
  • Makeup and accessories displayed on a store counter.
    Image attribution tooltip
    Jason Kempin via Getty Images
    Image attribution tooltip

    Estée Lauder controller lands CFO seat amid restructuring

    Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes. 

    By July 24, 2024
  • Ruth Porat, Google
    Image attribution tooltip
    Noam Galai via Getty Images
    Image attribution tooltip

    Alphabet investors get mixed news from departing CFO Ruth Porat

    The tech giant’s shares sank after Porat’s mixed comments about the company’s operating margin outlook.

    By July 24, 2024
  • The Spotify company logo is diaplayed as traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City.
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    Spotify profit jumps amid ‘early days’ of price increases

    Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.

    By July 23, 2024
  • Stack of credit cards spread out
    Image attribution tooltip
    bernie_photo via Getty Images
    Image attribution tooltip

    ‘Friendly fraud’ persists under the radar

    Fraud committed by customers threatens companies’ bottom lines and often goes unreported, experts say.

    By July 23, 2024
  • Securities and Exchange Commission, SEC, Building in Washington DC
    Image attribution tooltip
    qingwa via Getty Images
    Image attribution tooltip

    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
  • Header image for "65% of Execs Say Generative AI Will Have High Impact in 3-5 Years: Weekly Stat"
    Image attribution tooltip
    Andrew Brookes
    Image attribution tooltip

    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
  • The exterior of a U.S. Bankruptcy Courthouse.
    Image attribution tooltip
    GussWilder for iStock via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Matt Kapko/CFO Dive
    Image attribution tooltip

    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
  • Semi truck on the road by windmills
    Image attribution tooltip
    THEPALMER via Getty Images
    Image attribution tooltip
    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
  • A digital outline of a brain with lights emerging from the stem, creating a half circle that looks like the globe.
    Image attribution tooltip
    dem10 via Getty Images
    Image attribution tooltip
    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
  • IRS
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip
    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