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The U.S. Securities and Exchange Commission (SEC) has made protecting investors from abusive practices in the ESG space a priority this year. Lawyer Philip Bezanson noted that the SEC may draw on its cybersecurity disclosure and enforcement experience to build an ESG regulatory framework.
Brian Garfield, Managing Director at Lincoln International, analyzes that pandemic-impacted industries such as consumer and industrial sectors are expected to achieve double-digit growth in 2021, but valuation multiples have reached record highs, and CFOs must face rigorous scrutiny over budget feasibility.
According to Zylo research, enterprises use an average of 651 SaaS applications, with annual spending reaching millions of dollars, but executives generally underestimate actual usage. Remote work has driven a surge in SaaS adoption, with spending growing 14% in 2020 and the number of applications doubling in growth rate. Lack of visibility leads to duplicate subscriptions and diluted purchasing power. The article lists ten types of redundant applications and introduces Carta's case of achieving immediate savings of $50,000 through SaaS management, optimizing renewal negotiations, and establishing an employee self-service catalog.
The surge in Automated Clearing House (ACH) payments driven by the pandemic has propelled corporate payment digitalization forward by leaps and bounds, but many accounts payable departments have failed to promptly harden remote network security or establish secure handling procedures for supplier banking information. Now that the dust has settled, CFOs and their teams need to start with data security and implement protective measures. Based on the industry experience of Angela Anastasakis, Senior Vice President of Operations and Customer Success at Nvoicepay, this article analyzes the risks of ACH fraud and vendor email compromise (VEC), and offers security recommendations for data collection, verification, and storage.
The CFO role is increasingly broad, yet nearly 10% of top-company CFOs leave within a year. Boston Consulting Group analysis indicates that new CFOs should focus on planning rather than speed in their first 90 days, laying the groundwork for long-term success by assessing the finance function, defining the vision, setting priorities, building relationships, crafting the investor story, and developing a roadmap.
Price-Volume-Mix (PVM) analysis is a method that helps Chief Financial Officers (CFOs) decompose revenue or profit changes, encompassing price effects, volume effects, and mix effects. Written by Vendavo CFO Dayton Kellenberger, this article introduces the basic concepts, implementation challenges, benefits, and the necessity of enterprise-level application of PVM analysis, emphasizing its value for precise decision-making and long-term growth.
The COVID-19 pandemic has forced CFOs to enhance resilience, with advanced data analytics helping to address external risks such as cyberattacks, tariff wars, and climate change.
After the pandemic, remote work has become widespread, with employees working across state or national borders as the norm, but tax compliance issues have come to the forefront. Topia's Adapt survey shows that 28% of employees have worked outside their state of residence, and only one-third reported all days to HR. As the tax gap widens and audit risks rise, CFOs need to view remote work as a necessary condition for talent competition and balance compliance with employee expectations through location-sharing mechanisms.