Inflation, talent shortages undercut finance team efficiency: report

Under pressure from inflation and a dearth of skilled talent, finance teams’ efficiency is suffering, a survey finds.  

By Grace Noto • June 26, 2023

Cloud tensions flare as Google accuses Microsoft of vendor lock-in

The three largest hyperscalers finally answered a Federal Trade Commission call for public comment, heightening industry scrutiny of Microsoft’s competitive practices.

By Matt Ashare • June 26, 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

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

CFO-on-demand startup Paro closes $25M funding round

The funding will allow the company to scale its product innovation, including by “doubling down on AI,” according to CEO Anita Samojednik.

By Alexei Alexis • June 22, 2023

Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023

Remote work erodes productivity by 4%: NY Fed

Employees who worked remotely before the pandemic continue to be 8% less productive than their peers who worked in the office before the onset of COVID-19, the New York Fed found in a case study.

By Jim Tyson • June 20, 2023

Unisys CFO targets revenue growth

A strong CFO-CEO relationship will be critical as technology solutions firm Unisys gears up to take advantage of the $1 trillion IT solutions market opportunity, CFO Debra McCann said.

By Grace Noto • June 20, 2023

B2B payment fraudsters exploit security holes: Trustpair

Companies’ reliance on manual, rather than automated, business-to-business fraud prevention measures is providing an opening for scammers, according to Trustpair CEO Baptiste Collot.

By Alexei Alexis • June 20, 2023

AI may annually boost US productivity 0.7% through 2040: McKinsey

Unlike many prior advances in technology, generative AI will likely prove most jarring to highly educated workers, McKinsey said.

By Jim Tyson • June 16, 2023

SEC delays final rule on cyber incident disclosure as industry pushes back

The agency was seeking prompt reporting of material cyber breaches and attacks, but faced a range of concerns from stakeholders.

By David Jones • June 16, 2023

Microsoft beefs up AI-powered business automation tools

The enhancements include new features aimed at helping managers, including in finance departments, reduce time spent on task planning and risk assessments, according to a blog post.

By Alexei Alexis • June 15, 2023

Trump-leaning counties gain half of investment under Biden: Brookings

A Biden administration program to create a “leading-edge, techno-industrial base” and strengthen the middle class has disproportionately benefited Trump supporters.

By Jim Tyson • June 15, 2023

Citi CFO says tech initiatives will drive 5K job cuts this year

The bank has cut 1,600 jobs in the second quarter and expects a $300 million to $400 million uptick in expenses largely because of the severance costs, CFO Mark Mason said Wednesday.

By Suman Bhattacharyya • June 15, 2023

Generative AI revenues projected to reach $36B by 2028

The nascent generative AI market is poised for rapid growth in coming years, with total revenues projected to increase tenfold by 2028, S&P Global Market Intelligence says.

By Alexei Alexis • June 13, 2023

Newly-minted Bloomreach CFO keeps eye on ROI

Demonstrating a clear, immediate ROI can help tech companies stay on a path to growth.

By Grace Noto • June 13, 2023

As software migrates to cloud, IT spending waste follows

Enterprise technology asset managers are shifting their focus from desktops and data centers to containers and cloud, as SaaS solutions proliferate.

By Matt Ashare • June 13, 2023

Median cost of ransomware per incident hits $26K: Verizon

In some cases, threat actors are demanding higher ransom payments from companies “just because they believe they can get it,” according to Verizon’s Chris Novak.

By Alexei Alexis • June 13, 2023

Cybercriminals target high-profit companies: AEI

Investors in recent years have responded faster to news about a cyberattack, AEI researchers said.

By Jim Tyson • June 12, 2023

Block’s Ahuja chases bitcoin users for Cash App

The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.

By Suman Bhattacharyya • June 9, 2023

3 CFO tips for raising productivity: McKinsey

By taking steps toward streamlining and adaptation, companies can reverse a slump in U.S. productivity and increase profits and employee wages, McKinsey said.

By Jim Tyson • June 9, 2023

Cyber startup DTEX snatches ‘high-growth’ CFO

The appointment will support DTEX’s growth trajectory amid rising demand for its insider risk management services, the company said.

By Alexei Alexis • June 8, 2023

Visa, Mastercard split on open banking

The two big U.S. card companies have diverging views on prospects for open banking. Will it make a difference in their rivalry?

By Lynne Marek • June 8, 2023

SMBs expect 14% boost in finance tech spend on average

The need for consolidation, automation or better data is a top factor driving the spending increase, followed by a need to strengthen business value and a desire to generate growth amid macroeconomic pressures. 

By Alexei Alexis • June 7, 2023

SEC sues Coinbase as federal crackdown on crypto continues

Coinbase was accused Tuesday of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.

By Gabrielle Saulsbery • June 7, 2023

CFO-CIO teamwork key to IT spend results: Gartner

Digital investments tend to require a high level of collaboration due to their complexity and cross-functional nature, says Gartner analyst Emily Riley.

By Alexei Alexis • June 6, 2023