Technology: Page 13
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Q&A
Jennifer Louis: ‘Build a Culture of Cybersecurity’ in Finance Teams
Promoting knowledge of cyber risks and security across organizations is an enterprise-wide challenge for company leadership. CFOs and senior finance leaders are being called upon to help defend against attacks, especially since many of these attacks target financial information, according to Jenn...
By Bob Violino • June 7, 2022 -
The Excel Equation: When Is It Time to Move Away?
Why Does Excel Survive in Finance Departments? Microsoft's spreadsheet still dominates corporate finance, for plenty of good reasons.Growing Pains: Stuck on Excel As a company scales, the spreadsheet software can impede finance’s pursuit of growth and efficiency.3 Hurdles to Moving on From Excel ...
By CFO Editorial Staff • May 27, 2022 -
Explore the Trendline➔
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TrendlineThe CFO Strategy for Artificial Intelligence
Artificial intelligence’s impact on the office of the CFO continues to evolve, and finance chiefs must be aware of the opportunities it will create for growth.
By CFO.com staff -
3 Hurdles to Moving on From Excel
Staffers often resist pivoting away from the popular spreadsheet platform.
By Bob Violino • May 25, 2022 -
Finance Teams Can Apply Algorithms to Aid Employee Retention
Working in tandem with fellow executives, CFOs have every reason to find the most effective employee retention measures. Advances in data analytics can provide large employers with more sophisticated insights into which workers may be poised to quit. And here’s the good news: many companies alrea...
By Tim Glowa and Eric Gonzaga • May 19, 2022 -
Cybersecurity Vulnerabilities Need Addressing
Cybersecurity breaches still make headline news almost daily, though companies spend more money than ever on people and defensive technologies. This existential crisis cannot be eliminated, but it can be much better managed.Bad actors come in many forms, from well-funded nation-states to undertra...
By Craig Callé • May 17, 2022 -
Growing Pains: Stuck on Excel
Finance staffers might think every business decision requires an Excel spreadsheet, just as to a person with a hammer, everything is a nail. The so-called “law of the instrument” refers to using one familiar tool for all purposes, even when it’s not the best solution. For CFOs, it’s a reminder. ...
By Vincent Ryan • May 12, 2022 -
Why does Excel survive in finance departments?
Microsoft’s spreadsheet still dominates corporate finance, for plenty of good reasons.
By Bob Violino • April 12, 2022 -
How ERP Projects Vary in Approach
Implementing an enterprise resource planning (ERP) system is a major undertaking that produces great results for some companies, so-so outcomes for others, and disasters worthy of business school study for an unfortunate few.Despite ERPs being around for a while, companies still see them as essen...
By Vincent Ryan • March 25, 2022 -
Using Automation to Supercharge FP&A Teams
Automated systems for finance and accounting teams can take repetitive and time and resource-intensive tasks and put them on autopilot, freeing up work hours and bandwidth.Determining whether automation is the next step for your business may mean you’re already behind. The pandemic has caused wor...
By Michael Poveda • March 10, 2022 -
Data Centralization Provides Operational Insights
In our data-driven economy, the need for better data strategies, more advanced data centralization, and effective data consolidation practices keeps growing. For both individual businesses and private equity sponsors, finding synergies across internal units or a portfolio of companies is a must, ...
By Steven Lee and Joey Baruch • Feb. 10, 2022 -
Take-Two Buys Zynga in $11B Mobile Play
Grand Theft Auto maker Take-Two Interactive said Monday it had agreed to acquire Zynga for about $11 billion in a blockbuster move to grab a big chunk of the fast-growing mobile gaming market.The deal will give Take-Two access to Zynga titles including the best-selling Farmville series. But accor...
By Matthew Heller • Jan. 10, 2022 -
NicoElNino. Retrieved from Shutterstock.
The Most-Read CFO Stories of 2021
Which of the more than 700 stories we published in 2021 are worth a second read? The following 10 definitely fit into that category. Dealing with everything from FP&A and remote work to cloud costs and CFO job-hopping, they were our most popular articles of the past 12 months.CFOs Want FP&...
By Vincent Ryan • Dec. 20, 2021 -
NicoElNino. Retrieved from Shutterstock.
Some Kronos Customers Face Payroll, Scheduling Disruptions From Hack
A ransomware attack on HR management software provider Ultimate Kronos Group could knock offline for weeks the cloud-based solutions that customers use to manage payroll and employee scheduling.UKG has disclosed it became aware on December 11 of “unusual activity” affecting its Kronos Private Clo...
By Matthew Heller • Dec. 15, 2021 -
NicoElNino. Retrieved from Shutterstock.
Workiva Buys AuditNet to Add Content
Four months after making its first acquisition, compliance management software firm Workiva said Tuesday it is buying AuditNet to add the first online portal for the global audit community to its offerings.AuditNet enables audit practitioners to access and share content, resources, and audit prog...
By Matthew Heller • Dec. 14, 2021 -
NicoElNino. Retrieved from Shutterstock.
Central Banks See DeFi Decentralization as ‘Illusion’
Banking regulators may be able to address the vulnerabilities of decentralized finance even though it does not operate through traditional middlemen such as banks and exchanges, according to the Bank for International Settlements.In a report, the umbrella group for central banks said that “the ma...
By Matthew Heller • Dec. 9, 2021 -
NicoElNino. Retrieved from Shutterstock.
U.K. Regulator Orders Facebook to Sell Giphy
In what appears to be an unprecedented decision, the British government has ruled that Facebook parent Meta must undo its acquisition of Giphy to protect social media users and promote competition in the animated image market.Facebook bought Giphy for $315 million in May 2020 to integrate the sea...
By Matthew Heller • Dec. 1, 2021 -
NicoElNino. Retrieved from Shutterstock.
HashiCorp IPO Could Value Startup at $13B
Cloud infrastructure startup HashiCorp has set terms for the latest initial public offering to test investor enthusiasm for high-growth software companies.In an updated prospectus, HashiCorp said Monday that it would sell 15.3 million shares at $68 to $72 each, giving it a valuation of up to $13 ...
By Matthew Heller • Nov. 30, 2021 -
NicoElNino. Retrieved from Shutterstock.
Expensify Shares Pop 52% in Market Debut
Expense management software firm Expensify made a big splash on Wall Street in its trading debut after raising $262.7 million in another big tech IPO.The Portland, Ore.-based startup sold 9.73 million shares priced at $27 each in its initial public offering. In trading Wednesday, the stock opened...
By Matthew Heller • Nov. 17, 2021 -
NicoElNino. Retrieved from Shutterstock.
The ABCs of CPM Software
This is the first of two columns on corporate performance management tools. The second article, Dispelling the Myths About CPM Implementations, was published on November 15.Finance chiefs are under pressure to leverage more sophisticated technologies to professionalize and modernize their operati...
By CFO Editorial Staff • Nov. 10, 2021 -
NicoElNino. Retrieved from Shutterstock.
IBM Spinoff Kyndryl Launches With Cloud Hopes
IT services provider Kyndryl made its stock market debut on Thursday amid hopes that its separation from IBM will enable it to reverse a decline in revenue.A day after IBM completed the long-planned spinoff, Kyndryl shares fell 6.6% to $26.38. IBM shareholders received one share of Kyndryl for ev...
By Matthew Heller • Nov. 5, 2021 -
NicoElNino. Retrieved from Shutterstock.
Regulators Urge Tougher Oversight of Stablecoins
The federal government’s top financial regulators have called for stricter oversight of stablecoins, citing concerns over market integrity, investor protection and illicit finance.In a much-awaited report released on Monday, the President’s Working Group on Financial Markets (PWG) said stablecoin...
By Matthew Heller • Nov. 2, 2021 -
NicoElNino. Retrieved from Shutterstock.
Microsoft Warns Against Russian Hackers
Microsoft admitted the Russian nation-state actor Nobelium, the hacking group infamous for the SolarWinds hack, has engaged in jeopardizing global networks by targeting the tech supply chain, including resellers and providers of cloud technology.Microsoft informed over 140 technology service prov...
By Lauren Muskett • Oct. 25, 2021 -
NicoElNino. Retrieved from Shutterstock.
Tesla and Square Are Up On Their Bitcoin Purchases
Electric vehicle giant Tesla made headlines in February when it was unveiled the company bought $1.5 billion in Bitcoin.With Bitcoin hitting all-time highs Wednesday, here’s a look at how much Tesla’s Bitcoin purchase is up.What Happened: Tesla announced a $1.5 billion purchase of Bitcoin in the ...
By Lauren Muskett • Oct. 21, 2021 -
NicoElNino. Retrieved from Shutterstock.
How to Survive a Ransomware Attack
What should a company do when cyber criminals attack its systems and demand a ransom? Unfortunately, the increase in ransomware incidents forces a growing number of businesses to answer that question.How organizations handle the minutes, hours, and days following a ransomware attack determines ho...
By Bob Violino • Oct. 19, 2021 -
NicoElNino. Retrieved from Shutterstock.
SeatGeek Going Public Via SPAC
A leading ticketing marketplace announced a SPAC merger Wednesday.SeatGeek announced a SPAC merger with RedBall Acquisition (RBAC). The deal gives the company an enterprise value of $1.35 billion.Executives involved in the deal have experience across all four major U.S. professional sports — the ...
By Vincent Ryan • Oct. 14, 2021