Features

According to a recent survey conducted by Deloitte CFO Signals, only 25% of finance chiefs from significant North American companies believe that the current period is an advantageous time to take risks. Despite an unexpected discovery, this risk-averse perspective remains prevalent: only 25% of the CFOs who were surveyed indicated that their organizations lack a formal succession plan for their position...

A recent survey has revealed that US CFOs are being cautious in their investment plans in anticipation of the impending presidential election. In response to political uncertainty, 28% of CFOs are postponing, reducing, or abandoning investments, according to a quarterly survey conducted by Duke's Fuqua School of Business in collaboration with the Federal Reserve Banks of Richmond and Atlanta...

Jim Thompson has been appointed as the Chief Financial Officer of Xerion Advanced Battery Corp, a privately held manufacturer of lithium-ion batteries. Thompson, who holds an MBA in corporate finance from the University of Michigan, has joined Xerion at a critical juncture in the company's commercialization strategy for its innovative lithium-ion battery architecture and manufacturing process...

Nvidia has surpassed Microsoft to become the most valuable company in the world, with a market capitalization of $3.34 trillion, surpassing Microsoft's $3.32 trillion. This achievement emphasizes Nvidia's remarkable expansion, which is ascribed to its strategic leadership and robust performance...

FedEx Corporation has significantly bolstered its commitment to sustainability across the Asia Pacific region, enhancing efforts to mitigate environmental impact while supporting local communities. The company's initiatives span multiple fronts, including fleet electrification, renewable energy integration, and innovative community engagement...

Kearny Financial Corp, the parent company of Kearny Bank, announced that Keith Suchodolski has been promoted to the position of Senior Executive Vice President and Chief Operating Officer. Suchodolski has been employed by the organization since 2013. His most recent position was Chief Financial Officer...

Santander Consumer USA and the Santander Consumer USA Foundation have just announced grants totaling more than $1.7 million to support Dallas, Texas's social and economic growth. These contributions are a part of the foundation's commitment to help eleven organizations—four located in different locations in Texas, Arizona, and Florida, and seven headquartered in Dallas...

Executive committees are facing an increasing rate of CFO turnover, as senior financial leadership has increasingly been found to investigate potential opportunities in an industry switch -  a trend that carries both risks and benefits. Scott W. Simmons, co-managing partner of the executive search company, Crist Kolder Associates, stresses how crucial it is for CFOs to work for organizations and sectors that excite them...

With over 60% of businesses making between $10 billion and $20 billion, depending on at least five accounts payable (AP) systems, the majority of CFOs of firms with yearly revenues above $1 billion utilize numerous systems to handle their source-to-pay cycles. According to the PYMNTS Intelligence report “60 CFOs Can’t Be Wrong … AI Can Help Accounts Payable,” nearly two-thirds of surveyed CFOs faced interruptions in their source-to-pay cycles in the past year, resulting in payment execution and authorization delays...

Enfuce, a prominent issuer processing firm, has forged a transformative alliance with Síminn Pay, the fintech arm of Iceland’s largest telecom service provider, Síminn. This partnership marks a significant stride in integrating sustainability into financial services through the launch of a pioneering virtual commercial card program...