https://the-cfo.io/wp-content/uploads/2024/05/iStock-1479011455-scaled.jpgIn 1997, when IBM’s Deep Blue defeated world chess champion Garry Kasparov, it marked a pivotal moment in the public perception of artificial intelligence. Nearly three decades later, AI has evolved from a novelty into a valuable tool for businesses across many sectors. Now, it’s knocking on the doors of finance departments worldwide, where chief The post Why CFOs are giving AI a second look appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2016/03/hsbce3eqw3e-1.jpegHSBC announced a sweeping reorganisation of its global operations on today (October 22), appointing its first female chief financial officer and unveiling plans to split the bank into four distinct divisions as new CEO Georges Elhedery moves to streamline the banking giant’s operations amid growing geopolitical tensions. Pam Kaur, currently the group’s chief risk and The post HSBC names new CFO amid major restructuring appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/10/Revenue-Radar-23.pngSAP’s cloud transformation continues to gain momentum, with cloud revenue growing 25% year-over-year to reach €4.35 billion in Q3 2024, demonstrating the company’s successful pivot from traditional software licensing to cloud-based solutions. The results, released on October 21, 2024, prompted SAP to raise its full-year outlook for cloud and software revenue, operating profit, and free The post Revenue Radar: SAP on cloud nine following latest financial results appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/07/iStock-1509209148-scaled.jpgThe Chancellor, Rachel Reeves, has been put on notice that the UK could lose a sizeable number of owner-managed businesses if taxes are raised in Labour’s first Budget, according to new research* for professional services firm Evelyn Partners. The UK-wide survey of 500 business owners with turnovers of £5m upwards reveals that nearly half (48%) The post Almost half of business owners would consider leaving UK if Budget delivers tax blows appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/10/iStock-1505595897-scaled.jpgThere are thousands of CFOs globally who are disillusioned with corporate life. This was the case before Covid, yet the pandemic has turbo-charged these feelings, resulting in high calibre finance executives considering leaving their full-time corporate roles and looking for alternatives. We can learn a lot from exploring some of the top reasons CFOs are The post Why more CFOs are choosing flexibility over full time roles appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/10/iStock-1328461562-scaled.jpgIn Q1 2024, equity funding for smaller businesses increased by 7% compared to the same period in 2023, suggesting renewed investor confidence. The post Use of external finance rose to 46% in 2023 across the UK appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/07/iStock-539041797-scaled.jpgIn a move to reinvigorate the UK economy, the government has released a comprehensive Green Paper outlining its vision for a modern Industrial Strategy. The plan, dubbed “Invest 2035,” aims to drive long-term, sustainable growth by focusing on eight key sectors and addressing regional economic disparities. At the heart of the strategy are eight “growth-driving” The post UK unveils ambitious 10-year industrial strategy, targeting growth and investment appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2019/09/shutterstock_604231253-1.jpgIn recent years, the role of the CFO has undergone a profound shift, driven largely by the rapid advancement of digital workflow automation. Despite its promise of efficiency and innovation, nearly 40% of CFOs surveyed remain hesitant about fully embracing digital transformation, particularly in areas like automation. This reluctance, highlighted in the American Express CFO The post From digital dread to digital daring appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/05/iStock-1164206550.jpgApproximately 200 graduate hires for EY's strategy arm, EY-Parthenon, in the US will see their start dates pushed back to mid-2024 The post EY pushes back graduate start date as deals market slows appeared first on The CFO ..read more

https://the-cfo.io/wp-content/uploads/2024/10/iStock-1457288094-scaled.jpgBusinesses are told that they must invest in a growing number of sustainability initiatives, which may impair short-term financial performance while improving long-term business resilience. For business leaders, whose performance is largely measured on the organisation’s financial health, this is often a hard sell. In this month’s column, AICPA & CIMA’s Associate Technical Director Peter The post Jam today or jam tomorrow: managing the trade-offs between corporate growth and corporate sustainability appeared first on ..read more