The Latest
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Q&A
From the ranch to the C-suite: Xactly CFO Jason Godley
“Uncertainty is one of the more common challenges faced by every CFO, so being able to navigate through it is ever more critical.”
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CFO turnover continued to rise in Q1, up 14% YoY
2023 was the fourth straight year of increased CFO appointments.
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The CFO’s changing role: problem-solving, tech and leadership — report
CFOs are prioritizing finance strategy to manage growing responsibilities and ensure long-term scalability and resilience.
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62% of CFOs say strategic planning is most valued skill: report
Thirty percent of CFOs have started working on succession plans and 19% have plans but no successor identified, according to a Travelers report. These numbers can leave organizations exposed.
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The 6 a.m. CFO: How ServiceRocket’s Joy Mbanugo starts her day
“Leadership is the most important factor in whether a team succeeds or fails.”
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Multinationals add retirement plans in risky countries: study
There is an estimated $19.5 billion in IPP/ISP assets under management globally, an increase of 33% since 2018.
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How CFOs and CIOs can collaborate to optimize software spend
CIOs and CFOs increasingly see one another as allies as they get intentional about technology spend strategy.
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Q&A
Stepping out of the comfort zone: Vena’s CFO Melissa Howatson
“I was getting close to 10 years in [my previous job], and I asked myself whether it might be best to be a little less comfortable.”
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IBM to CEOs: Collaborate with your CFO on AI — Trial Balance
“Generative AI can only be as effective as the people using it.”
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CFOs On the Move: Week ending May 17
New finance chief appointments at Northrop Grumman, Charles Schwab and Saia.
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Company defrauded by ‘deepfake’ CFO identified as engineering group Arup
Arup “notified the police about an incident of fraud in Hong Kong,” confirming “that fake voices and images were used,” according to the company.
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Q&A
‘Quality audits protect people,’ PCAOB Chair Erica Williams says
“As leaders, we must set the tone from the top down.”
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Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
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Opinion
CFOs play a critical role in getting diversity programs right
CFOs should establish benchmarks that tie diversity to improved business results.
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Detroit CFO on leave pending financial wrongdoing criminal investigation; case referred to FBI
Detroit Riverfront Conservancy chair Matt Cullen announced that the criminal investigation, originally taken up by the Michigan State Police, would be turned over to the FBI due to the “nature and complexity” of the case.
Updated May 21, 2024 -
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.”