Inflation fears and shrinking credit availability are prompting many companies to limit spending on areas like corporate travel. If your organization is approving fewer trips for industry expos, conferences and outside training, the latest data shows you're not alone -…
Budgeting and Forecasting
"Cash is king" is drilled into finance professionals' heads from their first day on the job! And there's a great reason for that - companies that can tap into an optimal amount of cash at the end of every month…
You're skilled at keeping simultaneous track of your company's profits and costs, including business operating expenses. Case in point: You can probably calculate your gross profit - revenue subtracted by the cost of goods sold - with little effort. But…
CFOs are wearing more hats than ever and their list of responsibilities is growing, particularly those steering the ship for publicly traded companies. More than 50% of CFOs say their responsibilities have increased, according to a new report by Ankura,…
Twenty-five Republican state attorneys general are taking aim at the Department of Labor's rule on retirement plan investing. The November 21, 2022 rule - "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" - says that "consistent with…
Are you worried your organization could be falling behind competitors? Could it be at risk from factors like new technologies making your products or services obsolete? Plenty of CEOs and CFOs are privately nodding "yes" to both questions. In fact,…
A modern tech stack that gives you the power to analyze your enterprise data in real time may no longer be something on the nice-to-have list. Perhaps you've read our reports on the Fed possibly hiking the target interest rate…
It's a good bet we'll hear a lot about big companies laying off employees in the coming weeks. The latest example: Goldman Sachs just announced a purge of 3,200 employees. Yet there's more of a sense of calm - even…
Plenty of financial gurus lauded the Federal Reserve for hiking interest rates and its stated goal of ratcheting down inflation. After multiple hikes in 2022, the Fed intends to increase the target rate even further in 2023. How high? Seventeen…
Remember those rosy employment figures the Bureau of Labor Statistics put out last year? More than a million jobs added during the second quarter of 2022, to be specific? Turns out the feds were off by a bit. And no,…
In an economic climate where you might have to do some belt tightening, a cash leak from internal theft is unacceptable. However, according to Aaron Evett, director of implementation of the expense management and business budgeting software company Divvy, a…
There are a lot of differing opinions about the economy right now because the indicators contradict each other. For example, inflation keeps reaching all-time highs, yet consumer spending is strong. Also, the GDP declined two consecutive quarters (but increased 0.6%…
