Technology
Employee skills degrade due to over-reliance on AI, survey reveals workplace concerns
A global survey by IT company GoTo reveals growing workplace dependence on AI, but highlights issues of skill degradation, trust crises, and accountability. 39% of employees (46% for Gen Z) say AI reliance has weakened their skills, 60% feel pressure to use AI, and 83% worry about being blamed for AI mistakes. The report recommends that companies provide effective training and policies to balance productivity with employee capability development.
IBM executive: Lack of leadership and process disorder are dragging down enterprise AI project implementation
Neil Dhar, Senior Vice President of IBM Consulting Americas, said in an interview with CFO Dive that many enterprises struggle to achieve substantial returns on AI investments, mainly because senior leadership is not deeply involved, business processes are not restructured first, and numerous siloed pilot projects lack ROI. He emphasized that CFOs should act as asset stewards, ensuring an AI investment return rate of 2.5 to 3 times, and support external communications with auditable data.
CFOs Need to Balance Speed and Trust in AI Adoption
The adoption of AI in finance is accelerating, but CFOs must balance efficiency and trust. This article explores how AI enhances finance team productivity, transparency challenges, and a three-pillar framework for 'finance-grade AI,' citing insights from Sage CTO Aaron Harris and research data from Sage and IDC.
Intuit announces 17% layoffs, affecting approximately 3,000 employees to streamline organizational structure
Intuit announced a 17% layoff, approximately 3,000 employees, in its third-quarter earnings report, aiming to streamline structure and enhance profitability. Company executives clarified that the layoffs are unrelated to AI but stressed that AI investment remains key to future growth.
Inspired Entertainment Promotes New Chief Financial Officer Internally
Inspired Entertainment announced on Monday that it has promoted internal executive Craig Wilson to Chief Financial Officer, with the appointment effective May 14. Former CFO James Richardson stepped down after approximately one year in the role and will remain until mid-August to ensure a smooth transition.
OneStream Deepens AI Strategy, Launches Interoperable Agents
Financial software vendor OneStream announced on Tuesday the expansion of its agentic AI capabilities with the launch of a financial agent layer, enabling interoperability with third-party systems such as OpenAI ChatGPT, Anthropic Claude, and Microsoft Copilot. It also introduced predictive agents that support natural language queries. This move follows SAP's announcement last week of its "autonomous enterprise" initiative, and industry analysts believe agent interoperability has become a standard requirement. OneStream emphasizes security governance and audit trails to ensure that external AI tools accessing data comply with financial regulatory requirements.
Standard Chartered appoints head of investor relations as group chief financial officer
Standard Chartered announced on May 17 the appointment of Manus Costello as Group Chief Financial Officer (subject to regulatory approval), effective immediately as interim Group CFO. Costello will succeed Peter Burrill, who took over as interim CFO on February 10, following the departure of Diego De Giorgi due to external opportunities. The appointment comes ahead of Standard Chartered's Investor Day, as the bank also advances strategic initiatives such as the acquisition of digital asset custody.
The Truth About Automation Promises: Identifying Truly Effective Technology in the Age of Agents
The financial technology market is saturated with 'automation' marketing rhetoric, but most tools remain at an assistive level. The article argues that true transformation lies in execution-centric Agentic Performance Management (APM), which can autonomously complete tasks such as reconciliations and journal entry generation, freeing financial teams from manual labor. Through cases like Jiffy Lube and GSPP, along with CPA industry data, it demonstrates that the structural shift from 'human-driven' to 'system-executed' is imminent.
Colorado Revised Artificial Intelligence Law Focuses on "Significant" Personnel Decisions, Effective 2027
Colorado Governor Jared Polis signed the revised artificial intelligence bill (Senate Bill 26-189) on Thursday, which will replace SB 24-205, originally scheduled to take effect in June. The new law targets "significant" personnel decisions such as hiring and compensation, requires employers to fulfill notification obligations when using AI tools, and removes references to "algorithmic discrimination." The bill will take effect on January 1, 2027, and applies to all decisions made after that date.
OneTrust CFO: AI is the 'cornerstone of excellent work'
OneTrust's new CFO Douglas Owens emphasized that AI has transformed from an efficiency tool into a strategic core. He plans to deeply integrate AI into finance and operations, drive 'disciplined growth,' and address customers' higher expectations for AI value.