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

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The 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Massive Outage Dents Facebook Shares, Revenue

Facebook took a hit to its share price and advertising revenue on Monday as a massive outage shut down the social media platform for about six hours.The Facebook, Instagram, and WhatsApp apps went dark around noon Eastern Daylight Time, in what website monitoring group Downdetector said was the l...

By Matthew Heller • Oct. 5, 2021

IMF Warns of Crypto Risks to Financial Stability

The International Monetary Fund has joined the chorus of concern over crypto assets, warning that their rapid growth and increasing adoption are a threat to financial stability.At a global level, “financial stability risks appear contained for now,” but with “limited or inadequate disclosure and ...

By Matthew Heller • Oct. 1, 2021

U.S. Slaps Crypto Exchange With Sanctions

The U.S. Treasury Department on Tuesday took the unprecedented step of sanctioning a cryptocurrency exchange, alleging Suex OTX helped launder money for ransomware attackers.According to Treasury, Suex facilitated transactions involving illicit proceeds from at least eight ransomware variants and...

By Matthew Heller • Sept. 21, 2021

Data of 47 Microsoft Customers Exposed to Web

At least 47 organizations inadvertently exposed millions of people’s personal information to the public internet for months by misconfiguring Microsoft software, according to cybersecurity firm UpGuard.The data leak affected American Airlines, Maryland’s health department, and New York’s Metropol...

By Matthew Heller • Aug. 25, 2021

T-Mobile Confirms Hackers Accessed ‘Some Data’

T-Mobile has confirmed that hackers broke into its internal servers in what could be one of the largest carrier data breaches ever.A day after Vice reported hackers were claiming to have stolen the personal data of 100 million T-Mobile USA customers, the company said Monday that “unauthorized acc...

By Matthew Heller • Aug. 17, 2021

Nikola Wins Research Grant From DOE

Scandal-plagued electric truck maker Nikola announced Thursday that it won a $2 million grant from the U.S. Energy Department to develop hydrogen refueling technologies.The grant was formally awarded July 7 — three weeks before Nikola founder Trevor Milton was indicted on three counts of criminal...

By Matthew Heller • Aug. 13, 2021

Crypto Hacker Returns Half of Stolen Assets

In a case of crypto crime apparently not paying, a hacker who stole some $600 million in digital assets from decentralized finance platform Poly Network has begun to return the ill-gotten gains.Poly Network disclosed Tuesday it was the target of one of the largest ever cryptocurrency heists and t...

By Matthew Heller • Aug. 12, 2021