Surgical Firm Drives Growth Via Value-Based Care

In health care’s ongoing, uphill march from a fee-for-service revenue model to a value-based care model, outpatient surgery is a stellar performer.In the last five years, more than 100 million Americans have had successful operations in ambulatory surgical centers (ASCs), which generally perform ...

By David McCann • May 15, 2019

Companies That Do Well Also Do Good

Is it socially responsible for a management team to focus on long-term shareholder value? Harvard Business School professors Joseph L. Bower and Lynn S. Paine write in Harvard Business Review that the goal of driving shareholder value is “the error at the heart of corporate leadership.”While this...

By Vincent Ryan • May 15, 2019

Explore the Trendline➔

Top 5 stories from CFO.com

From CPA licensure changes to undergoing a digital transformation, these are the most popular stories CFOs are reading. 

By CFO.com staff

CrowdStrike IPO Filing Touts Security Software

Cybersecurity firm CrowdStrike has filed to go public, pitching itself as the creator of a “fundamentally new approach” to protecting enterprises from a growing proliferation of threats.CrowdStrike is known for its investigation of the Russia-linked hack of the Democratic National Committee in 20...

By Matthew Heller • May 15, 2019

WhatsApp Security Breach Targets Human Rights Groups

A security breach on the popular private messaging app WhatsApp may have originated from a government entity. Sources at WhatsApp also believe the breach was made with privately developed surveillance technology, and that its intended target may have been human rights groups. WhatsApp referred th...

By Lauren Muskett • May 14, 2019

Volkswagen Wins Labor Support for Restructuring

Volkswagen said it is proceeding with plans to restructure after securing the support of powerful labor unions by pledging to spend $1.1 billion on a new battery cell plant in Salzgitter, Germany, near its headquarters in Lower Saxony.The battery production facility is part of the company’s strat...

By Lauren Muskett • May 14, 2019

Business Intelligence: A Life Hack for Today’s CFO

Google next-generation CFO and you’ll find 50-odd articles, whitepapers, and blogs on the evolving role of the chief financial officer. But, there’s a nuance the headlines miss: it’s not just the next-generation’s role that is evolving, it’s the now-generation’s role, as well.The now-gen CFO can’...

By Vincent Ryan • May 14, 2019

China Raises Tariffs on $60 Billion of U.S. Goods

China’s Finance Ministry announced it was increasing tariffs on about $60 billion worth of U.S. products to 25%, up from 10%, in retaliation to the U.S. decision to raise duties on Chinese goods.The increase would affect more than 5,000 goods, including cotton, aircraft parts, grains, and machine...

By Lauren Muskett • May 13, 2019

How to Lean On Your Risk Manager

CFOs are responsible for managing their organization’s risks, and that responsibility is only expanding. Business risks are getting more complex and numerous every day, and finance chiefs are increasingly accountable to shareholders and directors.But as a profession, we’re not quite mastering all...

By David McCann • May 10, 2019

CFOs on the Move: Week Ending May 10

Bill Dockman has been appointed to the top finance spot at W. R.Grace & Co. He has been interim CFO since May 2018.Kellogg said that Fareed Khan, who heads finance, will leave the company on July 1. Amit Banati, who is president of Kellogg Asia Pacific, Africa, and Middle East will replace hi...

By Joan Urdang • May 10, 2019

Boston Beer Co. and Dogfish Head Announce Merger

The Boston Beer Company — makers of Sam Adams and the second largest craft brewer in the U.S. — and Dogfish Head Craft Brewery announced they have signed a definitive merger agreement to combine the two companies in a deal valued at approximately $300 million.Under the terms announced, Delaware-b...

By Lauren Muskett • May 10, 2019

Digital Colony, EQT to Buy Zayo for $8.2 Billion

Zayo Group Holdings, the U.S. communications infrastructure provider, agreed to be sold to investment firms Digital Colony Partners and EQT Partners for $35 per share.The companies said the deal, $8.2 billion in cash and $5.9 billion in Zayo’s debt, represents a premium of 14.3% to Zayo’s closing...

By Lauren Muskett • May 8, 2019

Tech Companies to Watch 2019: 10 More to Keep an Eye On

In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...

By CFO Editorial Staff • May 8, 2019

Tech Companies to Watch 2019: Anaplan

In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...

By Vincent Ryan • May 7, 2019

Uber Drivers Plan Strike Ahead of IPO

Drivers for ride-hailing services Uber and Lyft are planning to go on strike tomorrow to protest low wages and other grievances. The strike comes ahead of Uber’s Friday debut on the New York Stock Exchange where the company is seeking to raise about $9 billion, tendering 180 million shares in an ...

By Lauren Muskett • May 7, 2019

Kraft Heinz to Restate Results for Nearly 3 Years

Kraft Heinz said Monday it will restate nearly three year of financial results due to employee misconduct in its procurement department that caused it to understate the cost of products sold by $181 million.The processed-foods giant conducted an internal investigation of its procurement function ...

By Matthew Heller • May 6, 2019

Global Auto Sales to Fall More Than Expected

After a weak first quarter, auto sales in 2019 are expected to fall more than previously forecast, according to S&P Global Ratings’ new report, “Worldwide Auto Sales Will Slump More Than Expected In 2019.”The ratings agency said sales of automobiles would likely fall by 3% in China, compared ...

By Lauren Muskett • May 6, 2019

Tech Companies to Watch 2019: Aviso

In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...

By Lauren Muskett • May 6, 2019

Mastercard to Buy Bill-Pay Platform Transactis

Mastercard announced it has entered into an agreement to acquire Transactis, a platform that helps businesses deliver bills and receive payments.Last year, Mastercard announced a bill-pay product, Bill Pay Exchange, that gives customers a range of payment types, including real-time payments, thro...

By Vincent Ryan • May 3, 2019

Tech Companies to Watch 2019: App Annie

In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...

By Lauren Muskett • May 3, 2019

CFOs on the Move: Week Ending May 3

The Home Depot has announced that CFO Carol Tomé will retire in August. Richard McPhail, now senior vice president of finance control and administration, will take over the top finance spot then.Carol Tomé Pharmaceutical firm Gilead Sciences said that Robin Washington, who leads the finance funct...

By Joan Urdang • May 3, 2019

Tech Companies to Watch 2019: Sisense

In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...

By Lauren Muskett • May 2, 2019

Metric of the Month: Formal Succession Planning Lacking

Succession plans help organizations develop and retain key talent, increase engagement, diversify the pool of potential leaders, and mitigate risk with respect to key positions in leadership and operations. Strong succession planning is critical for any organization because in life there are trul...

By Perry D. Wiggins • May 1, 2019

Tech Companies to Watch 2019: AuditBoard

In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...

By David McCann • May 1, 2019

Gig Workers Are Not Employees: DOL

The U.S. Department of Labor said this week that service providers working for an unidentified virtual marketplace company were independent contractors rather than employees and should be treated as such under the Fair Labor Standards Act.The DOL’s opinion came in an April 29 letter in response t...

By Vincent Ryan • May 1, 2019

How to Build a Strategic Relationship with the CIO

According to a recent Gartner report, “How CIOs Can Work Effectively with CFOs to Optimize Cost,” CIOs “have not demonstrated the ability to effectively optimize IT spending to their CFOs’ satisfaction, leading to arbitrary budget cuts.”While the CEO and CFO tend to share the same narrative aroun...

By David McCann • April 30, 2019