The Latest

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    80% of Large Enterprise Finance Teams Will Use Internal AI Platforms by 2026

    Incorporating generative AI into strategy has its benefits, but doing so for the sake of beating out the competition isn’t the best approach.  

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    Opinion

    AI in Hiring: 4 Steps to Avoid Legal Headaches

    These steps are a starting point for hiring teams to help their companies identify useful AI tools. 

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    Banks Want Something in Return for Capital

    With capital no longer a commodity, banks are taking a harder look at the total returns of a borrower relationship.

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    90% of Executives Say CFO’s Importance Has Significantly Increased

    As CFOs are tasked with an increasing workload to address economic volatility, upgrading order to cash processes must not fall by the wayside.

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    A Fed Interest-Rate Decision, Instacart’s IPO, and Financial Data as a Growth Tool: Trial Balance

    The Fed may not raise interest rates again until 2024, say some economists.

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    Is It Time for a Career Break? 3 Finance Leaders Tell Their Reset Stories

    CFOs are temporarily stepping out of the workplace to recharge, reset, or pursue bucket-list goals.  

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    CFOs On the Move: Week Ending Sept. 15

    New finance chiefs at Cineverse, Rocky Brands, Mobileye, and more. 

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    5 Takeaways for CFOs From FinovateFall 2023

    Cybersecurity, AI, customer experience, and the future of labor were all topics of conversation during this year’s big fall fintech event in NYC.

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    Bank Fee Analysis Uncovers Cost Savings

    “I believe it's our fiduciary responsibility to manage our bank fees,” said Marguerite Versacci, assistant treasurer of Tronox.

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    BP Promotes CFO Murray Auchincloss to Interim CEO

    Auchincloss assumes the interim role as the company must quickly pivot to find a successor for Bernard Looney — the third time in two decades the oil and gas company has found itself unprepared for a CEO resignation.

  • Dartmouth Hitchcock CFO Wendy Fielding
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    Q&A

    Health Care Finance Leader: Dartmouth Health’s Wendy Fielding

    “We might be mission-driven, but we need to generate a margin in order to achieve that mission.”  

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    Bankruptcy Filings Soar in 2023

    Commercial Chapter 11 filings jumped by 68% in the first six months of 2023. 

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    Orthofix CFO John Bostjancic, C-Suite Execs Terminated for ‘Inappropriate and Offensive Conduct’

    Along with Bostjancic, CEO Keith Valentine and chief legal officer Patrick Keran were terminated for cause. Geoffrey Gillespie will act as interim CFO during the search for replacements.

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    Only 15% of Organizations Actively Incorporate Generative AI: Weekly Stat

    While GenAI incorporation into strategy is low, the interest from finance chiefs is still apparent with 42% saying they are experimenting with the technology. 

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    Deferred Comp Plans Help CFO Retention and Retirement Savings

    CFOs and other highly compensated employees get tax benefits and the ability to save money pretax above the statutory limits of a 401(k).

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    Opinion

    The Importance of 13-Week Cash Flow Forecasts

    Here are three ways 13WCF can help CFOs make better decisions.  

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    Comment Period Opens for Proposed $55K Overtime Rule Threshold

    Employers can weigh in on the overtime rule through Nov. 7. 

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    42% of Banking Execs Say Commercial Real Estate Credit Quality Will Drop

    Lenders’ skepticism about borrowers’ ability to repay commercial real estate loans may be rising, as new data shows they expect credit quality to drop. 

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    CFO Career Breaks, Enhanced Cash-Flow Forecasting, FinovateFall Notebook: Trial Balance

    This week, three finance leaders tell their career reset stories, CFO reports from FinovateFall, and CPI and U.S. retail sales numbers arrive.

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    Opinion

    The Return to Office Battle: What’s the Right Approach?

    Using this strategy can help assist in the process of deciding which work model is best for your company.

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    7 Questions for FinovateFall 2023 Conference

    As fintech leaders arrive in New York this coming week, here is what we at CFO are looking forward to the most at FinovateFall 2023.

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    The 6 a.m. CFO: How 1Stock Limited’s Nixon Kitimoi Starts His Day

    Kitimoi discusses the value of perpetual change, his favorite quote from Winston Churchill, and his harmonious favorite number.

  • New CFO appointments at XPO Logistics, Comcast, Tripadvisor, and more.
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    CFOs On the Move: Week Ending Sept. 8

    New CFO appointments at Schneider National, The Honest Company, CKE Restaurants, and more. 

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    FASB Income Tax Disclosure Compliance Won’t Be An Easy Lift

    “I think it is fair to say that this is a significant chapter in greater tax transparency,” said Brett Weaver, partner and ESG tax leader at KPMG.

  • Senpex’s Murad Garashov
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    Q&A

    Two Roles, One Goal: Senpex’s Murad Garashov

    With two leadership positions, Senpex’s Murad Garashov has a unique perspective on being a CFO of a data-driven technology company.