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Search resuls for: "Gina Gutzeit"


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Many other business software providers have looked to quickly introduce tools that utilize generative AI, or update their existing ones with it. The utilization of AI more broadly is nothing new for CFOs, with tools like predictive AI being used by most companies to help with core tasks. But this new wave of generative AI presents a different opportunity, and Weaver said the focus on generative AI across industries has frantically increased in the last year. However, he added that there is a challenge when it comes to generative AI tools: creating auditable processes or being able to visually inspect the processes to ensure the data or conclusions are correct. Hrncirik said that the message within Microsoft is that generative AI is a "new skill that we have to develop."
Persons: Jensen Huang, CNBC's Jim Cramer, Cory Hrncirik, Amy Weaver, Weaver, Mark McDonald, Gina Gutzeit, McDonald, we've, isn't, Hrncirik, it's, CFOs, Gutzeit Organizations: Microsoft, Nvidia, Johnson, GE Healthcare, CNBC, Microsoft's, Gartner, FTI Consulting, Solutions Locations: Krakow, Poland
That figure is even higher for EMEA- and APAC-based finance execs, with 73% and 61%, respectively, saying that the average CFO tenure was under five years. An analysis of 679 Fortune 500 and S&P 500 companies in 2022 by Crist Kolder Associates also found that average CFO tenure is on the decline, at five years. The pre-2022 IPO and funding boom has likely increased CFO turnover as new opportunities arose more frequently. Gutzeit says the current economic environment, with increasing layoffs and corporate restructuring, should influence more CFOs to stay put. She expects a slight decline in CFO turnover as "people are going to be more cautious about where they're going and what is changing."
Companies are stepping up efforts to collect on their bills and get cash in the door, aiming to limit future write-offs ahead of a potential downturn. The company’s days of sales outstanding during the latest quarter declined to 67.3 days from 70.4 days during the prior period, according to S&P. Early in the pandemic, some companies extended payment terms to customers that needed funds to shore up liquidity to help navigate temporary lockdown measures. Everbridge said it aims to provide customers with payment terms that are mutually beneficial. ServiceNow’s days of sales outstanding during the third quarter fell to 44 days from 47.4 days a year earlier, according to S&P.
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