Most CFOs working on behalf of organizations earning at least $1 billion annually use multiple systems to manage their source-to-pay cycles, and nearly 60% of firms earning between $10 billion and $20 billion each year rely on at least five accounts payable (AP) systems. Why...
The global economy today is increasingly marked by volatility and rapid shifts. Geopolitical tensions, technological advancements and changing consumer preferences demand that businesses remain agile yet resilient amidst a backdrop of increasing uncertainty. And in such a climate, there are no sacred cows for today’s...
The digitization of business and commerce has left few things untouched. And the CFO role, as well as the finance function more broadly, is one of the areas most transformed by digital progress — moving beyond traditional accounting and budgeting tasks to serve as a...
Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other distresses. At the same time, many companies are relocating or centralizing their headquarters. That’s why, for today’s CFOs, the cost and cultural balance around return to office versus remote work and other hybrid setups is top of mind...
June 03, 2024
The digitization of business and commerce has left few things untouched. And the CFO role, as well as the finance function more broadly, is one of the areas most transformed by digital progress — moving beyond traditional accounting and budgeting tasks to serve as a true partner to the business. “Finance is essential for any […]
March 28, 2024
With great change comes great opportunity. And as the business landscape undergoes a rapid transformation, it has brought with it a broader shift in the expectations placed upon financial executives....
March 26, 2024
The evolution of the CFO role reflects the changing landscape of the business world. From strategic planning and investing in technological innovation, to ensuring effective risk management in light of...
March 11, 2024
If you want to go fast, go alone. If you want to go far, go together. While the origins of that allegedly African proverb appear to be shrouded in uncertainty,...
March 07, 2024
A strategic, forward-thinking approach to working capital helps separate top-performing middle-market firms from their peers, according to Visa. The latest release of the “2023-2024 Growth Corporates Working Capital Index,” noted that middle-market firms with revenues between $50 million to $1 billion annually perform most efficiently when they tap into external financing for planned growth initiatives […]
February 28, 2024
Visa, in partnership with PYMNTS Intelligence, has launched a new benchmarking tool for middle-market CFOs to evaluate their working capital efficiency compared to industry peers. This tool, featuring a calculator...
October 05, 2023
Chief financial officers (CFOs) are looking at automation to improve their accounts receivable (AR) processes. Sixty-seven percent of CFOs say their firms “probably” need more automation and 27% say they...
September 28, 2023
A new survey finds a growing number of CFOs trimming spending due to higher interest rates. The survey, issued earlier this week by Duke University’s Fuqua School of Business and the Federal Reserve Banks of...
