The start of 2024 saw several high-profile accounting mistakes with companies having to publicly correct their quarterly earnings statements. While the specific causes of the errors were unclear, the incidents had many pointing the finger at a burgeoning risk factor: the shortage of certified public accountants. A recent report by Bloomberg News estimates the United States is short 340,000 accountants due to the retirement of seasoned practitioners and the lack of new workers entering the profession. For CFOs, this means they need to find creative ways to bolster their businesses’ accounting c ..read more

Both workers and managers faced unique challenges in 2023. From the push and pull of remote work to rising employee burnout and shifting economic pressures, organizations and professionals have had to navigate a complex environment. Here’s a look back at the top trends that have impacted the workplace in 2023 and will continue to take shape as we head into 2024: Bonuses came back in a big way. According to Robert Half, 96% of employers expect to award a year-end bonus to their teams. Of those, 54% said they will be offering more than they did a year ago, whi ..read more

If a group of chief financial officers (CFOs) from 2018 stepped out of a time machine into their 2023 offices, they would be astonished by what they saw. Environmental, social and governance (ESG) metrics and measurements would top their priority lists. Most of their finance organizations would be using generative artificial intelligence (GenAI) to enhance their business planning and analysis (BP&A) capabilities and/or bolster the company’s fraud-prevention activities. Their eyes would widen at the ways that machine learning, robotic process automation and other forms of AI are superchargi ..read more

After a tumultuous few years, 2023 brought business travel — and its corresponding expenses — fully back to life. But while the volume of traveling employees has returned to pre-pandemic levels, much has changed. And before we get too familiar with the new travel patterns, generative AI is set to upend the world of T&E and beyond. The way we book travel, pay for business expenses, and manage the spectrum of T&E will look quite different 12 months from now. So what lies ahead and what does it mean for business’ T&E programs? At Navan,our varied customer base gives us a front-row sea ..read more

The current office market landscape is witnessing a pronounced downturn, primarily catalyzed by the pervasive adoption of hybrid work models, resulting in substantial disruptions across major central business districts (CBDs) in the United States. This paradigm shift is significantly impacting non-trophy Class A office assets without views or other features that welcome workers to the office. Non-trophy office assets that were sold or recapitalized post-2016 are poised to confront challenges as the leases of the building expire, potentially leading to debt service issues. Conversely, trophy as ..read more

As CFOs start a new and intriguing year, the question arises: What should populate their agenda? We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now.  Some ideas are super practical, some are more big picture. The ideas fell under five themes including how to derive value from AI (surprise, surprise), ways to stay ahead of new regulations, and how automating financial fundamentals is essential to retaining your superstar talent, not just getting t ..read more

As CFOs start a new and intriguing year, the question arises: What should populate their agenda? We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now.  Some ideas are super practical, some are more big picture. The ideas fell under five themes including how to derive value from AI (surprise, surprise), ways to stay ahead of new regulations, and how automating financial fundamentals is essential to retaining your superstar talent, not just getting ..read more

As CFOs start a new and intriguing year, the question arises: What should populate their agenda? We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now.  Some ideas are super practical, some are more big picture. The ideas fell under five themes including how to derive value from AI (surprise, surprise), ways to stay ahead of new regulations, and how automating financial fundamentals is essential to retaining your superstar talent, not just getting ..read more

The current office market landscape is witnessing a pronounced downturn, primarily catalyzed by the pervasive adoption of hybrid work models, resulting in substantial disruptions across major central business districts (CBDs) in the United States. This paradigm shift is significantly impacting non-trophy Class A office assets without views or other features that welcome workers to the office. Non-trophy office assets that were sold or recapitalized post-2016 are poised to confront challenges as the leases of the building expire, potentially leading to debt service issues. Conversely, trophy ..read more

After a tumultuous few years, 2023 brought business travel — and its corresponding expenses — fully back to life. But while the volume of traveling employees has returned to pre-pandemic levels, much has changed. And before we get too familiar with the new travel patterns, generative AI is set to upend the world of T&E and beyond. The way we book travel, pay for business expenses, and manage the spectrum of T&E will look quite different 12 months from now. So what lies ahead and what does it mean for business’ T&E programs? At Navan,our varied customer base gives us a front-row s ..read more