Financial News and Analysis | CFO Dive
WEBArtificial intelligence may boost profit margins 2% over next five years: BofA. “Investors frequently overestimate the magnitude of tech disruption in the near term and underestimate it over the longer term,” Bank of America said. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance ...
SVB shareholder suit cites KPMG’s ‘silent’ audit | CFO Dive
WEBApr 10, 2023 · The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse. Published April 10, 2023. Maura Webber Sadovi Senior Editor. People line up outside of a Silicon Valley Bank office on March 13, 2023 in Santa Clara, California.
Citigroup is actively investing to improve automation, says CFO
WEBJul 18, 2022 · Citigroup’s technology spend shot up 14% this quarter as the bank continues its “transformation” plans, moving forward with several key initiatives designed to bolster automation, improve its data governance and organization and make capital planning more agile, CFO Mark Mason said July 15, during the bank’s second quarter earnings call.
Truist pushes ambitious reorganization in $750M cost-cutting plan
WEBNov 6, 2023 · Truist announced its plan to realize $750 million in cost savings over 12 to 18 months during the Barclays Global Financial Services Conference in September. At the time, CEO Bill Rogers said the company would make “sizable reductions” to its workforce over the next three quarters centered around a restructuring that included consolidated ...
CFO of the Year: Kelly Steckelberg, Zoom - CFO Dive
WEBDec 9, 2020 · For her role managing a company that, because of the pandemic, grew 355% over two quarters and became a household name, Steckelberg is CFO Dive’s CFO of the Year. “Kelly and her team have done a tremendous job,” says Ryan Koontz, who follows Zoom as managing director of Rosenblatt Securities. “She’s an integral part of the machine ...
Powell says ‘time has come’ for rate cut, cites ... - CFO Dive
WEBAug 23, 2024 · Dive Brief: Federal Reserve Chair Jerome Powell signaled the central bank’s intent to trim borrowing costs at its September meeting, noting cooling in the labor market and progress in curbing inflation to the Fed’s 2% target. “The time has come for policy to adjust,” Powell said Friday, suggesting that policymakers will reduce the ...
AI’s quest to transform corporate finance meets hurdles
WEBDec 19, 2023 · Dive Brief: Generative artificial intelligence is poised to substantially transform the corporate finance function in coming years, but the technology is currently running into adoption hurdles, including data privacy risks, according to a recent survey commissioned by finance software vendor OneStream.. Eighty percent of corporate finance leaders responding to the survey said that AI has the ...
How CFOs can tap procurement as a strategic enabler: SpendHQ
WEBMar 22, 2024 · Procurement — which typically involves the business processes that surround obtaining goods and services, including relationships with vendors and suppliers — has been an underserved function for years, often “viewed as kind of the cost control mechanism, not the strategic enabler of business,” Macfee said. For …
10 of the year’s biggest CFO stories - CFO Dive
WEBDec 2, 2022 · 10 of the year’s biggest CFO stories. Throughout the year, CFO Dive provides a range of content relevant to finance professionals, from cash management strategies to scenario planning ideas to budgeting innovations. It also shares expert insight into the day’s most important finance news, like Federal Reserve interest rate moves.
Practical tips for forging a stronger CFO-COO partnership
WEBJun 16, 2022 · Dissolving lanes. COOs are learning to recognize the value of the CFO perspective as beyond that of a mere “numbers cruncher.”. Empowered CFOs are emerging from their cost-center cocoons for more than quarterly earnings calls. They are morphing from gatekeepers focused on margins and discounts, …
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