The Latest
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75% of employees use AI at work: report
Only 41% of business leaders said they plan to redesign business processes “from the ground up” with AI.
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58% of businesses’ long-term debt rose over the past year: report
Companies are sliding deeper into debt.
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Global real-time payments surged 42% in 2023
The United States had just 3.5 billion transactions last year accounting for only 2% of the total payments volume.
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Q&A
Bringing sales expertise to finance: Transcend CFO Lisa VanPatten
“I was anxious to get back into the CFO role to see how I could use this new knowledge to help elevate a business.”
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Former top NJ law firm CFO pleads guilty to $1.5M embezzlement
John Dunlea’s lawyer called it a difficult day for “a highly successful professional and caring family man, who made a terrible decision that he regrets and for which he will pay for the rest of his life.”
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Kashkari and Goolsbee on Fed’s holding pattern; Upcoming PCAOB Chair interview: Trial Balance
Fed presidents Kashkari and Goolsbee in a wait-and-see approach on rate cuts.
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Can CPA requirement changes solve finance’s talent shortage?
Is it time to rethink the 150-hour rule and CPA requirements? Ogilvy’s Stacey Ryan-Cornelius, Eide Bailly’s Lori Love, The CFO Alliance’s Nick Araco, Jr. and FloQast’s Razzak Jallow weigh in.
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82% of SMB leaders increased cybersecurity budgets YoY: report
Business leaders are becoming more proactive on cybersecurity by building awareness of and investment in security measures.
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CFOs On the Move: Week ending May 10
CFO changes at Ford, UPS, Instacart, Crocs, Rockwell Automation, and more.
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Q&A
Ogilvy Global CFO Stacey Ryan-Cornelius: Leadership through creativity
“I try to approach my career ambitiously, I always have a two or three-year plan no matter who I’m with or what role I'm in.”
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The 6 a.m. CFO: How Prophix’s Aaron Levine starts his day
“In business, many things are beyond our control. One thing that we can control is how quickly we move.”
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Wolverine World Wide names new CFO, reports 34% revenue decline
Despite the revenue dip, the Merrell owner said results were better than expected as it continues restructuring plan.
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Manage days payable outstanding to improve cash flow: Metric of the Month
A high DPO can sabotage strategic supplier relationships and a too-low DPO constrains liquidity, CFO Perry Wiggins says.
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72% of CFOs say healthcare costs the most unpredictable expense: Report
Both self-funded and fully-funded plans have predictability and cost issues, according to a Mercer report.
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Opinion
CFO-CHRO partnership: 6 talent acquisition metrics to drive ROI
Knowing what talent acquisition metrics to track can have a significant impact on a company’s financial performance.
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Trump Media fires BF Borgers after auditor trouble, hires Semple, Marchal & Cooper
The company replaced their old auditing firm, BF Borgers, on the same day charges were brought up against them by the SEC.
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CFO event recap: Networking, AI, and employee satisfaction — Trial Balance
CFOs at last week's Next Gen finance event discussed best practices, navigating risks and new technologies.
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Why I never want to be a CFO again: Former CleanSpark CFO Lori Love
“I always give 150% in everything I do, and I couldn’t do that anymore as a CFO.”
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How CFOs can keep restless accountants on staff
“When employees leave, it is typically because of the aggregated effects of a number of factors.”
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CFOs On the Move: Week ending May 3
New CFOs at Manchester United, PODS, Cognex, A+E Networks, and more.
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Stripe unbundles financial products as payments processing industry shifts
The payments processing company adjusted its strategy which, according to QED Investors Partner Laura Bock, “aligns with what we are seeing in the fintech landscape at large — businesses increasingly demanding flexibility.”
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53% of CFOs have adopted or are adopting ESG principles: Report
“CFOs are bracing for a year in which ESG risks are not just a boardroom buzzword, but a critical business reality.”
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Only 37% of CFOs have a positive short-term economic outlook: Report
However, the majority of CFOs say the the U.S. economy’s long-term economic outlook is positive.
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Chemours CFO Jonathan Lock resigns following code of ethics violations
Lock will forfeit his severance but retain company stock options that were vested prior to resignation.
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Opinion
5 CFO priorities to navigate unsteady market conditions
Here’s how CFOs can deliver profitable business outcomes despite economic uncertainty.