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  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • Success in the Sunshine State: Highlights from HFTP's 2018 Florida Regional Conference

    The beautiful Sarasota Westin Hotel — with its bright white facade, multitudinous windows and stunning rooftop pool area — made a very picturesque setting for the 2018 HFTP Florida Regional Conference, which took place July 25–27, 2018.

  • Annual Convention 2018: A True HFTP Experience in the Land of the Kentucky Derby

    On the bank of the Ohio River in the east south-central region of the United States looms Kentucky’s largest city, Louisville — home to the famed Kentucky Derby horse race, Kentucky Fried Chicken (KFC) and Louisville Slugger baseball bats.

  • Members Only: IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

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Trump Suggests Switch to Half-Year Reporting

CFO Magazine·17 August 2018
President Trump suggested on Friday that public companies should file financial reports every six months instead of quarterly but immediately ran into pushback from investors and others.
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Tight Labor Market Doesn't Move Wage Needle

CFO Magazine·16 August 2018
The labor market is tight. U.S. companies are challenged more than ever to find, win, and retain talent. At the same time, a majority of U.S. companies have extra cash on hand, thanks to the Tax Cuts and Jobs Act.
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Low Probability of Recession in the Next 12 Months: S&P

CFO Magazine·13 August 2018
Although the U.S. economic expansion is in its late stages, Standard & Poor’s global economics unit pegs the chances of recession at only 10% to 15% over the next 12 months. It is also taking a sanguine view of the risks to U.S. growth in that period, like trade protectionism, which it says needs to be viewed in the “context of a surge in fiscal stimulus.”
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Core Inflation Posts Annual Gain of 2.4% in July

CFO Magazine·10 August 2018
U.S. core inflation rose in July at the fastest annual pace in seven years amid a sharp increase in housing costs, though economists expect inflation to moderate by the end of the year.
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Blackstone Invests in Outsourcing Startup TaskUs

CFO Magazine·10 August 2018
Private equity giant Blackstone Group is investing $250 million in TaskUs, giving the startup a financial boost amid a wave of consolidation in the business process outsourcing industry.
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Some Companies Are Ignoring GDPR Risk

CFO Magazine· 9 August 2018
During the six-year lead-up to the May 25, 2018, effective date of the European Union’s General Data Protection Regulation (GDPR), much attention was focused on the onerous financial penalties for noncompliance.
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Starwood to Buy GE Energy Finance Business

CFO Magazine· 8 August 2018
Starwood Property Trust said it has agreed to buy GE Capital’s Energy Financial Services’ business for $2.56 billion, including $400 million of unfunded loan commitments.
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China Threatens Tariffs on $60B in U.S. Goods

CFO Magazine· 3 August 2018
The trade war between the United States and China intensified on Friday as Beijing threatened to impose retaliatory tariffs on U.S. goods ranging from liquefied natural gas to foods containing chocolate.
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Five Ways Blockchain Will Juice Supplier Management

CFO Magazine· 3 August 2018
There was a time when we used old-school ledgers to track our business relationships, and they were written with absolute clarity to deliver absolute trust.
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Are Your Capital Allocations Strategic?

CFO Magazine·30 July 2018
For many companies, the capital allocation process is where big strategic goals fizzle out. Companies aren’t wishing for that result, but most capital allocation processes are poorly equipped to deal with change.
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The Labyrinths of Uncertainty around Information Security

CFO Magazine·30 July 2018
Information security threats are intensifying every day. Organizations risk becoming disoriented and losing their way in a maze of uncertainty, as they grapple with complex technology, data proliferation, increased regulation, and a debilitating skills shortage.
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T-Mobile, Nokia Partner on 5G Technology

CFO Magazine·30 July 2018
T-Mobile and Nokia have agreed to a $3.5 billion deal under which Nokia will provide end-to-end 5G technology to help build T-Mobile’s nationwide 5G network, the companies announced.
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Quarterly GDP Growth Increases to 4.1%

CFO Magazine·27 July 2018
Real U.S. gross domestic product increased at an annual rate of 4.1% for the second quarter on a surge in consumer spending and business investment, according to the Bureau of Economic Analysis. Tariffs and tax cuts also affected the numbers.
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Will Trump's Attempt to Manipulate Monetary Policy Backfire?

CFO Magazine·26 July 2018
Did the president introduce a “Trump Put” last week by lashing out about rising interest rates and calling for a weaker dollar? The market reacted swiftly and rationally — albeit not the way Mr. Trump had intended. Let me explain.
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Facebook Shares Dive on Revenue Weakness

CFO Magazine·26 July 2018
Facebook shares plunged in extended trading Wednesday after the social media giant missed Wall Street revenue estimates for the first time in 11 quarters and gave a downbeat outlook for the remainder of the year.
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Five Actions to Improve Sales Force Effectiveness

CFO Magazine·23 July 2018
Sales people that act like owners simultaneously strive to achieve short-term sales goals while investing in the future by establishing fruitful long-term relationships and working to ensure ongoing customer loyalty.
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Unlock the Hidden Benefits of Lease Accounting Rules

CFO Magazine·23 July 2018
Everyone in the accounting and finance world is inundated with information about the new lease guidance, from its effective date and primary financial statement impacts to the inherent complexities and best practices for a successful adoption.
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Consumer Prices Tick Up Again

CFO Magazine·12 July 2018
U.S. consumer prices ticked up, barely, last month according to the Labor Department’s Consumer Price Index, which rose 0.1%. However, the department said the CPI was up 2.9% for the 12 months ended June, the biggest gain since February 2012.
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Finance Execs Fearful of Spending Tax-Cut Proceeds

CFO Magazine·11 July 2018
Spending habits are hard to break, even if you’re a treasury and finance professional. A new survey from the Association for Financial Professionals shows that, despite the U.S. corporate tax cuts, 40% of respondents anticipate no change in the level of spending at their organizations. One reason: they’re uncertain about some of the provisions in the Tax Cuts and Jobs Act.
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Consumer Credit Jumps $24.5 Billion in May

CFO Magazine·10 July 2018
Consumer borrowing grew in May at the fastest pace in a year and a half, driven by a particularly large increase in revolving credit. The U.S. Federal Reserve said rose $24.5 billion in May after an increase of $10 billion the previous month. It was the biggest monthly gain since a rise of $24.8 billion in November 2016.
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Citi Plans Push For Digital Deposits

CFO Magazine· 9 July 2018
Citigroup is planning to begin marketing a new app to attract digital customers and grow deposits from individuals in the third quarter, the bank said. The app is part of a larger push to boost the bank’s wealth management business, according to a Reuters story.
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Finance Teams Must Adapt to Working With Machines

CFO Magazine· 9 July 2018
It’s been said that people are slow, sloppy, brilliant thinkers, while machines are fast, accurate, and stupid. But that’s not the case anymore – at least not for the machines. Machine learning, artificial intelligence, and blockchain have put some people at odds with the sweeping changes that business transformation ushers in.
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Get in Front of Digital Finance - Or Get Left Back

CFO Magazine· 9 July 2018
The digital finance organization remains an emerging concept in many organizations, and CFOs are still at one remove from the center of digital-transformation efforts, even though they own and manage much of the relevant business information that feeds such initiatives.
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Job Gains Top 200,000 for 2nd Straight Month

CFO Magazine· 6 July 2018
The U.S. economy posted another month of solid employment growth in June and the labor force swelled as workers came off the sidelines to look for jobs.
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Labor Costs Will Skyrocket Over the Next Decade

CFO Magazine· 6 July 2018
Organizations around the world could add more than $2.5 trillion to their annual labor costs within 12 years as a result of the global shortage of highly skilled workers, according to new research from Korn Ferry.
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Opera Files for IPO to Boost AI-Powered Apps

CFO Magazine· 5 July 2018
The Norway-based browser provider is seeking to “deliver more personalized content discovery” through artificial intelligence technologies.

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