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

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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 staff

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

65% of Execs Say Generative AI Will Have High Impact in 3-5 Years: Weekly Stat

Generative AI has become the proverbial monkey wrench in the technology plans for executives who look to keep their organizations on the cutting edge. With tech companies offering full automation of various accounting processes, banking as a service (BaaS) to vendors and their customers, and even...

By Adam Zaki • April 26, 2023

58% of Employees Are Open to Abandoning Passwords

Largely due to the expense and exposure of data that security breaches cause, cybersecurity has become a pressing issue among leaders embracing new kinds of technology into their workflows. Stemming from efforts to reduce redundancy, increase productivity, and retain employees, organizational str...

By Adam Zaki • April 19, 2023

Is Tax Day ‘Pay Day’ For Cyber Hackers? What CFOs Need to Know

As the tax deadline for many corporations and small businesses approaches next week, hackers are on alert. These bad actors know many finance teams are scrambling to meet deadlines, ensuring everyone has the data they need to properly and efficiently complete compliance-related tasks.With this in...

By Adam Zaki • April 13, 2023

4 Ways CFOs Can Reduce Cybersecurity Financial Burdens

As the principal corporate officers responsible for their companies’ financial operations and conditions, CFOs are, of course, acutely aware of the direct costs of cybersecurity breaches. According to the EisnerAmper Cybersecurity Survey, which focused mainly on businesses with revenues of $50 mi...

By Rahul Mahna • April 4, 2023

5 Ways ChatGPT Will Impact Corporate Finance

AI-powered chatbots are the trendiest thing in technology now. With these tools getting people out of parking tickets, writing essays for students, and even eerily hiring human beings to bypass captcha tests, this technology is unprecedented and disruptive.Industry leaders requested formal bans o...

By Adam Zaki • April 3, 2023

Why CFOs Need to Evaluate and Prioritize Cybersecurity Initiatives

Concerns around data, particularly as companies transfer massive amounts to the cloud, are prevalent among executives, regardless of the size of the company or industry they are in. As leadership’s view of cybersecurity transfers from "insurance-like" to a proactive initiative best paired with br...

By Adam Zaki • March 20, 2023

3 Critical Components to Building a Data-Driven Finance Organization

Finance leaders know that to navigate through an uncertain and constantly changing environment, access to real-time and reliable data is no longer a luxury, but a requirement. When asked about their near-term priorities in a recent survey, 49% of CFOs pointed to data management and analysis, putt...

By Joseph James • March 14, 2023

65% of Finance Execs Target End of 2023 to Adapt Automation: Weekly Stat

Finance leaders, regardless of industry, have lots of ideas about technology's potential impact. Whether it is freeing up more time for the CFO to be an active member of the C-suite, accountants using technology to improve their morale at work, or revamping and modernizing areas of businesses sta...

By Adam Zaki • March 8, 2023

CFO Cybersecurity Strategies: How to Protect Against the Rising Storm

Business leaders are coming up against the precipice of what might be the most significant challenge they face in 2023 and beyond: increasingly frequent and sophisticated cyberattacks devastating to business.  During the World Economic Forum’s 2023 annual meeting, experts warned tha...

By Joe Oleksak • March 7, 2023

ChatGPT’s Impact on CFOs: What is AI’s Limit in Replacing Humans?

As industries and executives explore how to use AI-powered chatbots like ChatGPT best, the value of human intuition in the workplace has come into question. If technology can communicate at a conversational level with insight based on billions, if not trillions, of data points, how can humans com...

By Adam Zaki • March 6, 2023

Why Fintech Should Keep Its Faith in Blockchain

Many crypto unicorns have faltered. NFTs, cryptocurrencies, crypto exchanges — these once-heralded technologies now appear on the verge of collapse. And with suspicions rising around crypto, unfortunately, that means blockchain’s reputation is tarnished. However, beyond its usage in crypto, block...

By Amrit Jassal • Feb. 28, 2023

9 Keys to Successfully Outsourcing IT

Small business CFOs wear many hats, often including that of chief information officer (CIO). Whether due to time constraints (strategic planning, financial reporting, business partnership, and other hats take time, too) or competency (not every CFO is a technology wizard), you likely rely heavily...

By Steve McNally • Feb. 27, 2023

An Interview With ChatGPT: AI Advice to Be a Better CFO

ChatGPT is proving to be a potential disruptor in nearly every facet of the professional working world, regardless of industry. Its current trendiness serves as a small example of what a widely intelligent AI-based language model can provide to an organization. And products like OpenAI's ChatGPT ...

By Adam Zaki • Feb. 27, 2023

75% of CFOs to Increase Tech Spending Amid Automation Push

Technology’s role in the CFO's office, as well as within finance teams, is receiving renewed focus.With new tools available to take over the front, middle, and back-office responsibilities, the CFO now must not only be a master of FP&A and treasury, but also must be aware of the fintech optio...

By Adam Zaki • Feb. 15, 2023

CFOs Vow to Boost Tech Influence in 2023

Among the innumerable hats small-company CFOs must wear, none is more 21st century than directing the strategy underlying the procurement and usage of technology systems.That’s not brand new in the 2020s, of course. Today’s finance teams are accustomed to plugging in the latest better tools. Fina...

By David McCann • Feb. 6, 2023

FinOps: A Way to Manage Growing Cloud Costs

Along with the growing use of cloud services and providers comes the potential for complexities and management challenges that can lead to cost overruns and other issues. This is the main reason why more organizations are turning to FinOps. As defined by the FinOps Foundation’s Technical Advisory...

By Bob Violino • Jan. 23, 2023

Gartner Cuts 2023 IT Spend Growth Projection to 2.4%

Three months after Gartner forecast that worldwide spending on information technology would grow 5.1% in 2023, it has revised its projection. Gartner slashed its overall spending growth forecast a little more than half, to 2.4%. It now projects $4.5 trillion of IT spending this year.The research ...

By Vincent Ryan • Jan. 18, 2023

The Excel Equation: When Is It Time to Move Away?

Every finance person has a history with the ubiquitous spreadsheet software. This series examines why Excel became such a mainstay, and what happens when your company needs to move forward.

By CFO Editorial Staff • Jan. 18, 2023

2023 Outlook: 4 Realms for Digital Acceleration

Two-thousand twenty-three's outlook is much different than the projections from a year ago. Coming out of 2021, executives were excited to continue recovery from a pandemic-induced economic struggle, and overall confidence in the outlook for the global economy was much more positive. Although...

By Adam Zaki • Jan. 17, 2023

Only 14% of CFOs Will Prioritize IT Infrastructure in 2023

Despite weary predictions surrounding labor markets and the overall economy this year, companies of all sizes are continuing to allocate toward different types of technology throughout the organization. Ideas around technology and its integration into corporate finance, moreover, were the talk of...

By Adam Zaki • Jan. 11, 2023

70% of Financial Institutions Lost Over $500K to Fraud in 2022: Weekly Stat

With a challenging economy and an already overflowing to-do list of preparation for the new year, CFOs must be mindful of technological threats to their businesses. Consequences of limited or misguided approaches towards cybersecurity can be lethal to an organization. According to the recent Stat...

By Adam Zaki • Jan. 11, 2023