Cybersecurity Budget Increases Fall to 6% in Current Cycle: Weekly Stat

The good news for CISOs battling growing system intrusion attempts is the average cybersecurity budget as a share of total IT budget rose to more than 11%.

By Vincent Ryan • Sept. 27, 2023

Payments Automation is Saving Finance Teams 500 Hours Per Year

New data from American Express shows the investments businesses are making in payments, purchase orders, and invoices. 

By Adam Zaki • Sept. 25, 2023

49% of Top Execs Say AI Could Take Their Jobs: Weekly Stat

C-suite leaders are concerned that if they don’t improve their AI skills, they will be unprepared for the future of work.

By Adam Zaki • Sept. 20, 2023

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.

By Adam Zaki • Sept. 15, 2023

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. 

By Adam Zaki • Sept. 13, 2023

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.

By Adam Zaki • Sept. 8, 2023

Arm’s Expected $4.7B IPO Could Clear Market Gridlock

“Arm’s offering will be an important test of market sentiment, especially for the big tech names that were sidelined by last year’s sell-off,” said Renaissance Capital's Bill Smith. 

By Vincent Ryan • Sept. 5, 2023

Don’t Rush Ethics in Generative AI Adoption Plans

Even when leaders feel the pressure to adopt generative AI quickly, ethical frameworks and use case policies should guide their plans.

By Lindsey Wilkinson • Sept. 5, 2023

68% of Accounting Leaders Lack Efficient Technology for Rising Business Demands

Revenue accounting teams feel the technology tools they have are insufficient to support new, complex go-to-market models, according to research from Zuora.

By Adam Zaki • Aug. 28, 2023

59% of Executives Intend to Invest in Tech in Next 12-18 Months

Finding value from new technology investments, such as generative AI, represents a top challenge for most executives, PwC found.

By Roberto Torres • Aug. 22, 2023

4 Ways Finance Leaders Can Leverage ChatGPT

When used responsibly, finance leaders can utilize the AI chatbot to enhance decision-making, improve operational efficiencies, and drive business growth.

By Ori Pearl • Aug. 22, 2023

ChatGPT Finds Capex Plans in Earnings Calls

New research found the AI-powered language model could help predict a company's investment plans when prompted to analyze call transcripts.

By Vincent Ryan • Aug. 11, 2023

Could the Bitcoin ETF Push Trigger a Blockchain Bounce Back?

“My view is that artificial intelligence and distributed ledger technologies (DLT) are two sides of the same coin,” said Christos Makridis, professor in the economics of blockchain and AI at the University of Nicosia in Cyprus.

By Adam Zaki • July 24, 2023

How CFOs and Controllers Can Partner on Finance Automation

The rising interest in finance automation presents a compelling growth opportunity for controllers to establish themselves as de facto finance chief information officers.  

By Bryce Armbruster • July 18, 2023

Finance Operations Costs Up 7.5% for Global Companies

The cost of finance operations rose for the first time in decades this year, but companies with technology-intensive operating models bucked the trend.

By Vincent Ryan • July 13, 2023

Why CFOs Should Have AI On Their Minds

AI is a powerful tool for finance teams and CFOs play a crucial role in ensuring its successful integration.  

By David Roberson • July 6, 2023

56% of Business Leaders Are Incorporating AI Into Cybersecurity: Weekly Stat

AI’s use in cybersecurity efforts is already taking place to protect areas of businesses that are now data-reliant.

By CFO Editorial Staff • July 5, 2023

39% of Execs Say AI Will Have Negative Social Impact on Workforce

Artificial intelligence, and all of the tools that come with it, is corporate finance’s hottest talking point as of late. While the constantly changing technological landscape can make quantifying the value of human work difficult, those who are embracing AI without considering the impact on thei...

By Adam Zaki • June 14, 2023

3 Ways to Control Uncollectible Balances: Metric of the Month

Challenging and chaotic business environments teach us important lessons — if we are willing to learn them. For example, in 2020 the COVID-19 pandemic taught us that humans crave social interaction, parents generally don’t make very good math teachers, and your household should always have an amp...

By Perry D. Wiggins • June 7, 2023

Leadership on LinkedIn: Pathways and Pratfalls

LinkedIn is the de facto way in which social business communication is done. The platform's ability to create a seamless transition from understanding a user's work ambition and history to connecting with them makes for a unique experience with no true rivals. The platform is fundamental to netwo...

By Adam Zaki • June 2, 2023

72% of Business Leaders Want AI Adoption Within 3 Years: Weekly Stat

Hype around ChatGPT, and the technology that powers it, has generated serious attention and reflection by finance leaders. The arrival of AI-generative technology has brought into question the value of human workers, and while its limitations are evident in industries like accounting and finance,...

By Adam Zaki • May 31, 2023

Blockchain’s Potential: Finance Visibility, Cost Cutting, and ESG

Cryptocurrency, NFTs, and blockchain technology — these terms arrived with predictions to uproot the financial system and its operations. The technology drew large crowds at events with the biggest names, while also creating interest within the finance and banking community. Web3 had its fair sha...

By Adam Zaki • May 25, 2023

74% of Financial Institutions Lost Productivity Due to Scams

Fraudsters know that most work is communicated via phone or email, and they can impersonate family, friends, coworkers, and even executive leadership to get their hands on whatever an unaware employee is willing to give up. According to the Global Scams Report from cybersecurity company Callsign,...

By Adam Zaki • May 24, 2023

6 Takeaways From Fintech Nexus: Networking, ChatGPT, Cybersecurity, and More

Fintech, a blanket term used more to increase valuations than to actually describe a company’s products or services, has become a significant industry surrounding corporate finance. Companies that offer technology solutions — for things like accounting, payments processing, and lending verificati...

By Adam Zaki • May 15, 2023

6 CFO Skills Still Needed Amid Generative AI, ChatGPT

Finance chiefs in 2023 have no shortage of resources at their disposal to help lead their organizations. Consultants, technology companies, other executives (and sources such as CFO), all jockey for a place at the table. And with AI-generative technology now dog-piling onto the long list, the eme...

By Adam Zaki • May 1, 2023