Datarails rolls out ChatGPT-style FP&A tool

The new tool seeks to help finance teams deliver insights needed for business decisions more quickly. It uses the same kind of technology that’s behind Microsoft-backed OpenAI’s ChatGPT solution.

By Alexei Alexis • July 19, 2023

Software training, mentorship can boost finance team effectiveness

The more familiar finance employees are with their software, the more they can provide the data necessary for their CFOs to be a key voice for the business, Prophix’s Susan Gershman said.

By Grace Noto • July 19, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

Tarifff headwinds along with the accounting talent shortage and the promises and traps of generative AI, are among the top issues CFOs are grappling with this year.

By CFO Dive staff

Less than half of SMBs use data to drive growth: AWS

Businesses that fail to leverage their data assets risk being at a competitive disadvantage, AWS said.

By Alexei Alexis • July 18, 2023

‘State-of-the-art’ Kraft Heinz facility to cost in excess of $400M

The high-tech warehouse, which is expected to open in 2025, is expected to feature robotic technology allowing fully-automated selection of Kraft Heinz products.

By Alexei Alexis • July 17, 2023

Gensler sees companies with AI gaining clout over consumers

The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.

By Jim Tyson • July 17, 2023

CFOs warm to outsourcing

Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs. 

By Grace Noto • July 17, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

By Lynne Marek • July 13, 2023

KPMG to spend $2B in expanded AI alliance with Microsoft

The expanded partnership could help unlock potential incremental growth opportunities for KPMG of over $12 billion, the firm said.

By Alexei Alexis • July 13, 2023

As margins tighten, CFOs are split on FinOps: CloudBolt

FinOps has gone mainstream as a way to reduce complexity and cost of cloud management. Finance leaders are still waiting to see benefits from implementing the practice.

By Grace Noto • July 13, 2023

Embattled EV maker Faraday replaces interim CFO

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports. 

By Maura Webber Sadovi • July 12, 2023

GlobalFoundries, CFO designate part ways

The company and former Amazon executive Tim Stone mutually agreed to scrap plans for him to take over as CFO.

By Alexei Alexis • July 12, 2023

ChatGPT joins top 20 ‘shadow apps’

The popular AI tool made a strong debut this year on an annual list of the top 20 apps that are used in the workplace without company oversight.

By Alexei Alexis • July 11, 2023

How AI could fix accounting’s image problem: Oracle

Promoting the role of technology and innovation in your finance department can help attract new accounting talent and free up more time for finance to act as a strategic business partner.  

By Grace Noto • July 10, 2023

Tax teams poised to see big AI investments: KPMG

Within the next year, 70% of organizations expect to spend $1 million or more on AI for tax automation, with 40% planning to invest at least $10 million, according to a KPMG survey.

By Alexei Alexis • July 10, 2023

TPG to buy Forcepoint’s public sector cybersecurity business for $2.45B

The deal for Forcepoint’s government and critical infrastructure-focused business marks one of the largest in the cybersecurity market this year.

By Matt Kapko • July 10, 2023

Deploy a data integration strategy to power insights and digital transformation

To enable resilience, businesses need an intentional integration strategy.

July 10, 2023

Tech unemployment inched up in June, employers cautious on future hiring

June saw modest declines for tech job postings, a marker of future hiring plans, CompTIA analysis shows.

By Naomi Eide • July 7, 2023

Enovix taps semiconductor exec for CFO

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

By Maura Webber Sadovi • June 30, 2023

CFOs stuck between short-term costs, long-term goals: EY

The balancing act between short-term and long-term performance is one of three major paradoxes finance leaders face in today’s environment, EY said.

By Grace Noto • June 30, 2023

KPMG cuts about 1,900 more US jobs

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

By Maura Webber Sadovi • June 27, 2023

Wasabi CFO urges finance leaders, C-suite to embrace AI

CFOs need to take a more risk-forward mindset when it comes to AI to ensure they are well-placed for the coming “data wave.”

By Grace Noto • June 27, 2023

AI linked to new crop of business email scams

Businesses can no longer count on bad spelling and grammar to red-flag problem emails: Fraudsters are using AI to craft well-written email messages at scale.

By Alexei Alexis • June 27, 2023

Fintech startup TreasurySpring raises $29M amid bank turmoil

The startup is among fintech companies looking to capitalize on the Silicon Valley Bank collapse and other recent bank failures.

By Alexei Alexis • June 26, 2023

IBM to acquire Apptio in $4.6B deal

The purchase highlights a persistent customer interest in optimizing cloud costs, and opens upselling opportunities for IBM's hybrid cloud playbook.

By Roberto Torres • June 26, 2023

SEC puts SolarWinds CFO on notice in cyberattack probe

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

By Maura Webber Sadovi • June 26, 2023