Costs again rank as CFOs’ top automation hurdle

In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.

By Alexei Alexis • May 16, 2023

AI needs cohesive regulation to reduce public risk, experts say

The risk associated with AI's speedy evolution calls for uniform legislation, a panel of executives and government officials said last week.

By Roberto Torres • May 15, 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

PwC turns to AI for audit transformation

As generative AI continues to develop swiftly, PwC is betting big on its potential for transformation.  

By Grace Noto • May 15, 2023

Big 4 accounting firms squeeze traditional MSP market

The blurring of lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.

By Suman Bhattacharyya • May 15, 2023

Costs of software supply chain attacks could exceed $46B this year

Losses attributed to software supply chain attacks will jump 76%, reaching almost $81 billion by 2026, according to Juniper Research.

By Matt Kapko • May 12, 2023

Disney to cut back streaming content as subscriber count slumps, CFO says

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

By Grace Noto • May 11, 2023

GlobalFoundries taps former Amazon exec for CFO seat

The new finance chief of chipmaker GlobalFoundries previously served as CFO of Amazon’s cloud computing business. 

By Alexei Alexis • May 11, 2023

Ransomware claims jump back up

Ransomware claims filed by U.S. clients of insurance broker Marsh spiked 77% in the first quarter, following a downward trend in 2022.

By Alexei Alexis • May 9, 2023

Companies to reimagine workflow: survey

Only about one in three companies polled in a WTW survey gave themselves good marks for effectively managing changes in work dynamics such as digitalization.

By Elizabeth Flood • May 9, 2023

FP&A tech provider Firmbase closes $12M seed round

The infusion of cash is expected to boost R&D investments for the company’s financial planning and analysis tool, including in the area of generative AI.

By Alexei Alexis • May 9, 2023

Vendavo CFO: how to solve price puzzles

Vendavo’s Dayton Kellenberger said technology has accelerated how quickly price-volume-mix analyses can be completed, enabling CFOs to make adjustments in real-time.

By Maura Webber Sadovi • May 8, 2023

Apple CFO touts record service revenue as sales decline

Among Apple’s services offerings, growth areas include Apple Card, Apple Pay and cloud services.

By Suman Bhattacharyya • May 5, 2023

White House tackles AI’s rise, convening top tech CEOs

Vice President Kamala Harris met with top AI executives Thursday, the latest sign of increased regulatory interest over AI products and services. 

By Roberto Torres • May 4, 2023

Oracle: Peering inside AI’s black box

Finance professionals continue to apply a “trust but verify, or maybe don’t trust and verify” mentality when it comes to AI adoption, Oracle’s Hari Sankar said.

By Grace Noto • May 4, 2023

KPMG’s Stöckle on auditing’s ‘human-machine’ connection

Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

By Maura Webber Sadovi • May 4, 2023

Vertice reports spike in AI software spending

AI’s share of overall software spending across the Vertice network grew to 1% by the end of March, up from 0.2% at the start of the year, a five-fold increase.

By Alexei Alexis • May 2, 2023

Bid for business-friendly ChatGPT seen facing challenges

Cybersecurity experts say it may be a long while before ChatGPT can be trusted to handle sensitive business data, despite recent steps by the popular AI tool’s creator.

By Alexei Alexis • May 2, 2023

AI boosts productivity 14%: NBER case study

Generative AI improved customer service at a Fortune 500 company by prompting less experienced staff to adopt the best practices of their most talented co-workers.

By Jim Tyson • May 1, 2023

Amazon to put ‘more dollars’ toward generative AI, CFO says

Amazon is following in the footsteps of other large-scale tech firms like Apple and Meta by funneling more funds toward generative AI.

By Grace Noto • April 28, 2023

AWS revenue growth slows as cloud market expands

Revenue growth has slowed for Amazon’s cloud division as customers seek cost savings in workload optimization.

By Matt Ashare • April 28, 2023

CISA seeks public comment on software security attestation form

The release is part of a larger effort by the Biden administration to strengthen software security at the development stage.

By David Jones • April 28, 2023

Meta to prioritize AI in future hiring efforts, CFO says

AI was a dominant theme of the Facebook and Instagram owner’s latest quarterly earnings call, in which the company reported its first sales increase in nearly a year.

By Alexei Alexis • April 27, 2023

ChatGPT fails accounting class

ChatGPT has met its match in an accounting course, with students scoring an overall average of 76.7%, compared to ChatGPT’s score of 47.4%, according to research from Brigham Young University.

By Elizabeth Flood • April 26, 2023

CFOs hunt for revenue-generating tech tools: Stripe

The financial service provider’s updated tools come as CFOs seek emerging technologies that can aid in key areas like revenue generation.

By Grace Noto • April 25, 2023

Majority of execs anticipate AI adoption in 1-2 years: KPMG

While corporate executives believe that generative AI has enormous potential, they also see major hurdles to adoption, a KPMG study found.

By Alexei Alexis • April 25, 2023