Technology
In the AI Era, How Can the Finance Department Leap to Become a Strategic Core Force
This article explores how the finance function can transform from a traditional cost center into a strategic core for value creation in the era of artificial intelligence. Through automation, augmented intelligence, and human-machine collaboration, the finance department will be able to provide real-time insights, forward-looking recommendations, and proactively shape market influence, ultimately achieving a comprehensive value leap for finance itself, the entire enterprise, and the external market.
Podcast: Unlocking AI Readiness in Financial Services
Produced by CFO Dive in partnership with Workday and Kainos, this podcast brings together three industry experts—Adam Scheidler, Vice President of Financial Services and Insurance at Kainos; Kyle Davidson, AI Technical Director at Kainos; and Jim Gahagan, Senior Director of Financial Services Solutions Marketing at Workday—to delve into the core elements of AI readiness, including clean and connected data, clear governance frameworks, and employee empowerment, while offering actionable advice for CFOs on balancing innovation and risk.
Trump's AI Executive Order Creates 'Volatile and Unstable Regulatory Landscape': Legal Analysis
U.S. businesses need to prepare for the 'volatile and unstable regulatory landscape' brought by President Trump's executive order. The order aims to block certain state-level AI laws, sparking constitutional controversy, but existing state laws remain enforceable.
Trump signs executive order to replace state AI legislation with federal framework
Trump signed an executive order directing Attorney General Pam Bondi to form an AI litigation task force within 30 days to challenge state AI laws and calling for a national AI policy framework to supersede state laws. The move drew criticism from Senator Amy Klobuchar and others, but analysts believe corporate AI governance strategies will not change as a result.
Intuit's AI-driven platform empowers growing enterprises to achieve smarter decision-making
Intuit has launched a new AI-driven platform designed to help growing and mid-market businesses turn data chaos into actionable insights, supporting real-time decision-making. The platform includes Intuit Enterprise Suite and Intuit Accountant Suite, which use AI agents to automate tasks, saving time and improving efficiency.
GlobalFoundries Appoints Sam Franklin as Permanent Chief Financial Officer
GlobalFoundries announced on Wednesday that Sam Franklin will officially serve as Chief Financial Officer, after holding the interim CFO role since October. The appointment comes about two months after former CFO John Hollister left for personal reasons. CEO Tim Breen stated that Franklin's leadership and financial expertise will help the company capitalize on opportunities presented by AI.
Dropbox appoints Avalara President Ross Tennenbaum as new Chief Financial Officer
Dropbox announced on Wednesday that it has appointed Ross Tennenbaum, President of tax compliance software company Avalara, as its new Chief Financial Officer (CFO), effective December 16. Tennenbaum will succeed Tim Regan, who has decided to resign after serving as Dropbox's CFO for more than five years and being with the company for nine years. This executive change comes as Dropbox reports a slight decline in third-quarter revenue, with plans to strengthen the promotion of its AI search tool, Dash, and optimize its core storage business.
Cyberattacks Force Small Businesses to Raise Prices: ITRC Report Reveals 'Cyber Tax' Passed to Consumers
A report released Wednesday by the ITRC indicates that 81% of U.S. small businesses experienced a cybersecurity or data breach incident in the past year, with over half of victims suffering losses between $250,000 and $1 million, and nearly four in ten forced to raise prices. The report states that rising cybersecurity costs and financial damages from data breaches are forming a hidden 'cyber tax' directly passed on to consumers.
Microsoft 365 to Integrate More AI Features, Commercial Subscription Prices to Rise Simultaneously
Microsoft plans to increase subscription prices for the Microsoft 365 commercial suite starting July 1, 2026, by an average of about 16%, due to the addition of more AI, security, and management features. Prices for Business Premium and Office 365 E1 will remain unchanged. The company also announced it will make Security Copilot available to all Microsoft 365 E5 customers and plans to introduce an "agent mode" starting in January 2026.
AI Empowers Lean Finance Teams: A New Path to Doing More with Less
Facing the exponential growth of financial complexity brought by enterprise expansion, traditional headcount-increasing strategies are no longer sustainable. AI technology automates repetitive tasks such as expense categorization, intelligent approval routing, and real-time reconciliation, enabling lean finance teams to handle larger business volumes with fewer people, achieving dual improvements in efficiency and strategic value.