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According to Dave Montez, CFO of Gunter Group's management consultancy firm, professional services companies are evolving their revenue models, presenting new challenges to industry CFOs. Professional Services CFOs traditionally needed a variety of tools and know-how to generate predictable revenue streams. “Professional service companies sell labor, hours, hours and expertise,” Montes told Katie Kuhner Hebert. “Among many other things, CFOs had to be very involved in ensuring proper time tracking and billing, not to mention implementing discipline regarding entering data across the organization.” However, many service CFOs are entering a new world where clocks are not mastered and billable times…
When Coe Distributing was looking for the ideal location for their next office ferning distribution center, the company relied on data. CEO James D. Ewing Jr. tapped a team of data analytics students at Katz Graduate School at the University of Pittsburgh.”They took multiple pieces of information into consideration, including distribution space, cost of distribution space, customer concentration, logistics costs,” explains Ewing. After three months of review, they chose their Houston location up to the block. The company leased a building that spans 150,000 square feet.AI is a game changer. Currently, only 3.9% of companies report using AI, according to…
But how will business growth seen as a top priority for directors in 2025 (more than three-quarters of this was identified as a primary objective in our research) and AI adoption, which is increasingly unnegotiable in the corporate world, help digital transformations using AI expand faster and economically?While many directors believe that AI has the potential to optimize operational and cost efficiency, factors such as increased employee productivity and access to better data are also seen as important opportunities.The latter two have raised three and four locations, respectively, when compared to previous 2024 reports, and the board considers these as…
The excellent PE-backed CFO hit the numbers in the year. Great people think beyond them. Focus on the next exit from the first day. difference? A lenient commitment to promoting long-term stock value, even at the expense of short-term profits. However, the data suggest that CFOs and sponsors may be misaligned in this regard. A recent accordion survey of CFOs and 100 sponsors, backed by 100 PEs, revealed that most CFOs prioritize annual performance over equity value, and that they believe that sponsors want. However, two-thirds of sponsors prefer portfolio CFOs to focus on maximizing stock value, even at the…
Great CFOs don’t just crunch numbers—they shape strategies, build teams and drive transformation. Jack McCullough welcomes Claire Bramley, CFO of Teradata, to explore the journey of a true rockstar CFO: from leading Teradata’s shift to cloud-based solutions to championing team diversity and breaking career barriers. Claire shares her insights on what it takes to excel in financial leadership as well as the power of communication, the importance of storytelling in finance and how a CFO can embrace opportunities that push boundaries. To book a demo with our sponsor, Planful, click here.—Listen to the podcast hereWelcome back to the show. We have…
Over the past 20 years, Norton Rose Fulbright US LLP has researched corporate advisors to identify trends affecting businesses. Over the past 20 years, the litigation situation has undergone profound changes driven by technological advances and cultural changes. From digitizing legal workflows to rising cybersecurity and increasing data privacy concerns, these transformations have reshaped the day-to-day operations of corporate lawyers and the broader corporate environment.The pace of lawsuits remained relatively stable from 2023 to 2024, but almost half of respondents are hoping to see more lawsuits in 2025. While employment and labor issues and contract disputes remain constant, cybersecurity and…
Gold is near record highs, oil continues to drive the nation, and rare earth minerals are restructuring geopolitics and headline grabs.But today's truly hot products are unknown American middle market companies, particularly businesses known as the “Upper Middle Market.” chief executive officer Magazines are most commonly performed. The gold rush won't be too late anytime soon.Between 2019 and 2024, average EBITDA multiples between $10 million and $250 million in all industries, geography, and revenue quality (all industries, regions, and revenue quality) from about 6.6 to 7.1 times by mid-year last year, despite the rotation of wild markets driven by communities…
Sometimes it may be the responsibility of the Corporate Committee to determine that even if the executives are doing a good job, they may not perform well. That was the case at Unilever. Unilever decided to expel current CEO Hein Schumacher in less than two years of work and replace him with CFO and executive director Fernando Fernandez. The move seemed to surprise almost everyone.Unilever, the parent company of over 400 brands, including Dove Soap, Ben & Jerry ice cream and Hermann mayonnaise, is in the middle of a turnaround strategy that devised to address the inadequate performance of the…
Given that financial institutions are all about risk, it is not uncommon for CFOs of commercial or retail banks to emerge from risk functions. In 2010, Chikako Tyler joined California Bank & Trust as a real estate analyst for special assets. She then moved on to the role of increasing responsibility in regulatory risk, enterprise risk management, and credit risk.Tyler was appointed CFO of San Diego-based bank (an affiliate of Zions Bancorporation) in 2018. Her approach to CFO jobs incorporates previous CB&T responsibilities, including close work with the sales and operations team. As CFO, she is currently focused on the…
When Coe Distributing was looking for the ideal location for their next office ferning distribution center, the company relied on data. CEO James D. Ewing Jr. tapped a team of data analytics students at Katz Graduate School at the University of Pittsburgh.”They took multiple pieces of information into consideration, including distribution space, cost of distribution space, customer concentration, logistics costs,” explains Ewing. After three months of review, they chose their Houston location up to the block. The company leased a building that spans 150,000 square feet.AI is a game changer. Currently, only 3.9% of companies report using AI, according to…