From Yahoo Finance: 2025-05-19 12:11:00

CFOs are facing challenges from market volatility and technological changes, prompting the need for ongoing scenario planning. Planning for optimization, recovery, and managing debt amidst interest rate rises is crucial. Made in Cookware and Magnit are assessing the impact of systemic events like COVID-19 and trade tariffs on their operations.

To offset the impact of tariffs, Made in Cookware is scrutinizing expenses, freezing hiring, and cutting costs while focusing on marketing as a growth driver. Magnit has built a cash reserve to invest in automation tools, offsetting wage inflation. Both companies are cautiously optimistic about the role of AI in streamlining finance tasks.

While AI can drive efficiency, CFOs should consider the benefits of an enterprise platform over point solutions to avoid duplicating costs. Human oversight of AI-generated output is essential, especially concerning data privacy. Remote work offers opportunities to attract top talent, providing quicker career paths and access to global candidates.

Read more: Continuous scenario planning, war chests top finance playbooks for uncertain times