CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.

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News

CFO Dive
cfodive.com > news > finance-teams-still-wary-giving-ai-control-pex > 830091

Finance teams still wary of giving AI control: PEX

3+ day, 9+ hour ago   (601+ words) Only 28% of finance teams said they were comfortable having AI decide routine finance decisions, PEX found in a survey. Finance teams might be interested in the possible benefits artificial intelligence could bring to their day to day workflows, but most…...

CFO Dive
cfodive.com > news > cfo-alliance-partner-sees-workload-risks-ai-prompted-questions-casey-janick > 829960

CFO Alliance partner sees workload risks in AI-prompted questions

4+ day, 9+ hour ago   (603+ words) Casey Janick is concerned investors and boards are using AI rather than their own curiosity to develop questions about financial data. Casey Janick is by no means a Luddite. The founder of the CFO advisory practice CEL Capital and an…...

CFO Dive
cfodive.com > news > sysco-grants-ceo-interim-cfo-stock-awards-jrd-acquisition > 829826

Sysco grants CEO, interim CFO stock awards ahead of JRD acquisition

5+ day, 9+ hour ago   (383+ words) The grants, contingent on the closing of the $29 billion acquisition, are intended to “ensure a continuity of leadership,” Sysco said. Also Friday, Sysco announced a revolving credit agreement with Bank of America to establish a $750 million loan facility, used to…...

CFO Dive
cfodive.com > news > cfos-budgeting-ai-old-saas-playbook-mistake > 826206

CFOs are budgeting for AI with an old SaaS playbook. That’s a mistake.

5+ day, 15+ hour ago   (606+ words) Finance has long budgeted software around headcount, but AI demands a shift, writes Turnstile CEO Jordan Zamir. Jordan Zamir is the CEO of Turnstile, a San Francisco–based software company focused on sales-led business-to-business startups. Views are the author’s own....

CFO Dive
cfodive.com > news > ballys-cfo-resigns-weeks-going-concern-warning > 829718

Bally’s CFO resigns weeks after going concern warning

1+ week, 2+ day ago   (350+ words) To boost its liquidity, the casino operator said in August that it was exploring selling assets, an equity sale and debt financings. The casino operator is facing a cash crunch. Last month, Bally’s included a going concern warning in its…...

CFO Dive
cfodive.com > news > how-ai-has-entered-one-cfo-budget-season-besmartee > 829360

How AI has entered one CFO’s budget season

1+ week, 5+ day ago   (569+ words) BeSmartee CFO Mina Samaan said AI is at once complicating and speeding up different parts of the lendtech startup’s budgeting process. AI is reshaping Mina Samaan’s budget season in a number of ways this year, including one that runs counter…...

CFO Dive
cfodive.com > news > new-cambium-cfo-looks-automation-build-strong-finance-framework > 829348

New Cambium CFO aims to strengthen finance operations with AI, automation

1+ week, 5+ day ago   (684+ words) AI is a “key aspect” of Cambium’s strategy as it targets rapid expansion, CFO Peter Coats told CFO Dive. Cambium CFO Peter Coats aims to create a “North Star” for his C-suite colleagues by deploying artificial intelligence to build key…...

CFO Dive
cfodive.com > news > ey-puts-100m-push-future-ready-workforce-compensation > 829293

EY earmarks $100M in rewards for ‘future-focused’ employees

1+ week, 5+ day ago   (298+ words) The Big Four accounting firm says it’s focused on rewarding employees who drive “meaningful change” through innovation, disruption, technology or growth. The move is part of ongoing multi-billion dollar investments designed to attract and develop talent who can “thrive in…...

CFO Dive
cfodive.com > news > pinterest-cfo-departure-spotlight-growth-momentum-ai > 829213

Pinterest CFO exit puts spotlight on growth

1+ week, 6+ day ago   (623+ words) Julia Donnelly’s resignation comes as the platform continues to bet big on AI, inking a $4 billion commitment with AWS and investing in the tech for user growth. Donnelly joined Pinterest in 2023 after seven years at furniture retailer Wayfair, where she…...

CFO Dive
cfodive.com > news > targa-grants-new-cfo-hefty-long-term-incentive > 828746

Targa grants new CFO hefty long-term incentive

2+ week, 5+ day ago   (424+ words) The natural gas company will provide company insider Ben Branstetter with a long-term incentive award of 400% of his base pay, set at $600,000, Targa said Tuesday. Branstetter’s “background, broad experience across our organization and proven ability to execute position him well…...