Strategy & Operations: Page 2

IBM’s Apptio unit tests AI tool trained to tackle rising IT costs

The effort comes as many finance leaders are grappling with out-of-control cloud expenses.

By Alexei Alexis • June 11, 2024

Few companies report solid EBIT gains from rush into GenAI: McKinsey

Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.

By Jim Tyson • June 10, 2024

Explore the Trendline➔

Digital transformation, one smart step at a time

By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.

By Cneche staff

Navigating the IPO journey: Key preparation considerations for CFOs

Market shifts call CFOs for an IPO preparation session.

June 10, 2024

Quiet vacationing: What’s this summer work trend?

The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.

By Caroline Colvin • June 7, 2024

Heed Corporate Transparency Act despite legal cloud, experts say

Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.

By Chris Gaetano • June 7, 2024

How big retailers are battling the last-mile delivery squeeze

Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.

By Suman Bhattacharyya • June 7, 2024

Cyberattacks pose mounting risks to creditworthiness: Moody’s

“As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.

By Jim Tyson • June 5, 2024

Few CFOs control cybersecurity budgets. Here’s why more should.

Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

By Maura Webber Sadovi • June 4, 2024

Forecasts for Fed rate cuts probably too optimistic, Summers says

“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.

By Jim Tyson • June 4, 2024

Most M&A buyers would pay 3% extra for a company with a good ESG profile

ESG is playing a bigger role in dealmaking than ever before, Deloitte said.

By Jim Tyson • June 3, 2024

Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call

The retailer’s new finance chief Gary Millerchip is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.

By Maura Webber Sadovi • May 31, 2024

AI powers uptick in middle-market cyberattacks

“While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.

By Maura Webber Sadovi • May 30, 2024

NY Fed President Williams forecasts hitting 2% inflation goal in 2026

Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.

By Jim Tyson • May 30, 2024

Competitive bidding used to reduce outside counsel fees in pharma case study

By giving law firms a chance to adjust their proposals, legal teams can engage litigation or transaction work at a lower cost than initially proposed, a white paper says.

By Robert Freedman • May 30, 2024

Alphabet’s Google Fiber appoints its first CFO

John Abbot, a Goldman Sachs and Morgan Stanley alum, has taken Google Fiber’s finance reins.

By Maura Webber Sadovi • May 29, 2024

‘Worst’ yet to come for commercial real estate: Conference Board

Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.

By Jim Tyson • May 29, 2024

65% of CFOs are building GenAI into their strategy: Billtrust

The study also found a significant knowledge gap, with only 49% of CFOs saying they felt “very knowledgeable” about GenAI's capabilities.

By Alexei Alexis • May 29, 2024

‘Higher-for-longer’ rates saddle companies with $381B in added costs

"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.

By Jim Tyson • May 28, 2024

Gain biotech CFO aims past burn to budget for growth

The Bethesda, Maryland-based biotech, which is facing liquidity pressures, appointed Gene Mack as its new finance chief in April.

By Maura Webber Sadovi • May 28, 2024

Nvidia shows off strength of AI with 262% sales jump

“The next industrial revolution has begun,” Nvidia CEO Jensen Huang said during an earnings call last week.

By Alexei Alexis • May 28, 2024

Gensler slams crypto after House passes bill opening ‘regulatory gaps’

A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.

By Jim Tyson • May 24, 2024

Spotify vet tapped for VF Corp.’s CFO chair

The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.

By Alexei Alexis • May 23, 2024

Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe

The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.

By Alexei Alexis • May 22, 2024

How companies should approach compliance under multiple climate reporting regulations: BCG

BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.

By Suman Bhattacharyya • May 22, 2024

More small companies willing to distort books to hide corruption: ACCA

The U.S. has made little progress combating corruption since 2021, according to Transparency International.

By Jim Tyson • May 21, 2024