CFO Insights

Artificial intelligence (AI) has become increasingly important in the enterprise, thanks in part to the rise of generative AI (GenAI). While not a new technology or concept, AI (including machine learning) holds tremendous promise to transform various business functions and activities worldwide — from accounting and finance to cybersecurity, customer experience and more. In boardrooms and C-suite...

Over the last year, the client faced significant aged receivables growth due to multiple acquisitions, specifically from one large acquisition that nearly doubled its customer and revenue base. Due to that acquisition, accounts receivables grew disproportionately throughout 2023 relative to sales growth.

While it is not unusual for Protiviti to see similar challenges among clients, some of our recent work with clients provided us the opportunity to maximise the efficiency and effectiveness of their close processes through our recommended solutions to streamline accounting processes for each company. Introducing automation to reduce cycle time of financial close, enabling process improvement and...

After multiple acquisitions over the years, this client faced challenges with the disparate finance and accounting systems it inherited during those acquisitions. To standardise and consolidate, the client was restructuring 22+ entities and was looking to transition to a standard ERP system. Protiviti was responsible for managing the migration of five of those entities that would need to start...

Any predictions made before 2020 about the future of work have changed with COVID-19, inflation and social movements of the past two years. The workforce of 2030 looks very different than once expected. Prior to 2020, the U.S. labor force included five generations working side by side for the first time in history. Attracting, engaging and retaining a multigenerational workforce was a top priority...