August tech layoffs surpassed 26K, highest level since January

Tech job cuts are continuing to pile up as industry leaders zero in on objectives such as freeing up capital to fund AI initiatives.

By Alexei Alexis • Sept. 4, 2024

Deepfake scams escalate, hitting 53% of businesses

Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.

By Alexei Alexis • Sept. 3, 2024

Explore the Trendline➔

Spend management innovation yields equity value

Spend management technology is about attracting talented staff, reducing compliance problems and scaling back-office operations in a way that creates value. 

By CFO Dive staff

Developing a winning tech strategy for your organization

Business leaders must embrace team cross-functionality if they want their tech strategy to succeed, Deloitte’s Frank D’Amelio and John Marcante write.

By Frank D’Amelio and John Marcante • Sept. 3, 2024

CISA launches cyber incident reporting portal to streamline breach disclosure

The secure portal is designed to encourage faster and more robust information sharing about malicious attacks and critical vulnerabilities.

By David Jones • Aug. 30, 2024

Only 58% of executives assessed business risks of AI: PwC

Rapid advances in AI outpace efforts to contain the risks from the technology, according to executives and officials.

By Jim Tyson • Aug. 29, 2024

Salesforce CFO to exit post after successor is picked

Amy Weaver is also expected to become a special adviser to the CEO once she steps down as the company’s finance chief.

By Alexei Alexis • Aug. 29, 2024

What’s keeping businesses from a paperless future?

Printers are still alive and well across finance, healthcare and legal services, industries that rely heavily on hard copies thanks to legal requirements and customer expectations.

By Suman Bhattacharyya • Aug. 27, 2024

Don’t over-budget for digital transformation in 2025

Every transformation should include a robust and detailed business case with defensible and realistic numbers, writes ISG’s Jon Lightman.  

By Jon Lightman • Aug. 27, 2024

EWA providers crusade against CFPB rule proposal

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

By Lynne Marek • Aug. 26, 2024

Target CFO says GenAI tool is boosting worker efficiency

The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, CFO Michael Fiddelke said. 

By Alexei Alexis • Aug. 22, 2024

US M&A deal value jumped to $124B in July

A total of 141 U.S. deals were recorded last month, a 33% increase compared with June, according to EY data.

By Alexei Alexis • Aug. 21, 2024

Marqeta CFO eyes fintech ‘winners’ following mixed earnings

With the fintech sector maturing, the card issuing platform is turning its attention to capitalizing on rising opportunities in the space, CFO Mike Milotich said.

By Grace Noto • Aug. 21, 2024

US Bank doubles down on AR with Billtrust

The Minneapolis-based bank’s new offering seeks to accelerate the accounts receivable process  —  sometimes viewed as a laggard in the race to automate finance.

By Maura Webber Sadovi • Aug. 20, 2024

47% of US firms suffered data breach resulting in severe financial loss

The study comes as the global average cost of a breach has hit nearly $4.9 million this year, according to an IBM estimate.

By Alexei Alexis • Aug. 20, 2024

AI spurs widespread ROI confidence: KPMG

Companies “are moving from experimenting with the technology to really starting to put expectations on it,” KPMG’s Per Edin said.

By Alexei Alexis • Aug. 20, 2024

Applied finance AI: unlocking transformation across the office of the CFO

Early AI tools fell short for Finance. Next-gen applied, purpose-built AI solutions unlock true value and widespread adoption.

Aug. 19, 2024

Building constructive partnerships to drive digital transformation

Effective digital transformation today means making a much deeper commitment than just buying a new IT product or upgrade, AICPA’s Tom Hood writes.

By Tom Hood • Aug. 16, 2024

Walmart used AI to crunch 850M product data points and improve CX

“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.

By Bryan Wassel • Aug. 15, 2024

Cisco plans to cut 7% of workforce amid AI push

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

By Alexei Alexis • Aug. 15, 2024

Women rise to five-year high in CFO appointments

Accenture, Ford and Google parent Alphabet are among companies that have appointed women to top finance posts this year.

By Alexei Alexis • Aug. 14, 2024

M&A, vendor reliance help drive up ransomware threat: report

The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.

By Alexei Alexis • Aug. 13, 2024

Bolstering the CFO-CRO relationship to ensure AI investment returns

The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.

By Mark Khavkin • Aug. 13, 2024

Fractional experts, AI can ease pressures on ‘overextended’ finance teams

CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.

By Grace Noto • Aug. 12, 2024

Flywire acquires Invoiced for $55M

By way of the latest deal, the software company seeks to further expand its international payments services for its business-to-business clientele.

By Tatiana Walk-Morris • Aug. 9, 2024

CFOs must act as data, decision-making center: Pigment

CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.

By Grace Noto • Aug. 8, 2024