Financial Reporting
Wolters Kluwer: How CFOs Can Lead Smooth Digital Transformation
As CFOs' responsibilities expand, they increasingly rely on technologies such as artificial intelligence to uncover insights for decision-making. Maria Montenegro, CEO of the Enterprise Performance and ESG division at Wolters Kluwer, said in an interview with CFO Dive that the biggest challenge financial executives face when deploying such tools is change management. She emphasized that transformation should not be technology-led but should be driven by business value and processes, while engaging people. A global survey shows that 53% of CFOs lead digital transformation, and 27% cite "change resistance and cultural factors" as the biggest obstacle. Montenegro also pointed out that technology outpaces human adaptability, and successful transformation requires process optimization as the core, with technology serving only as an enabler.
Kimberly-Clark post-merger management confirmed: Urdaneta remains CFO
Kimberly-Clark on Wednesday announced the executive team and organizational structure following the completion of its acquisition of Kenvue. CFO Nelson Urdaneta will continue as the finance chief of the combined company, and Mike Hsu will remain CEO and Executive Chairman. The transaction is expected to close in the second half of this year, subject to regulatory approval.
FASB Launches New Research Project Focusing on Data Center Investment and Alternative Lending Accounting Issues
Financial Accounting Standards Board (FASB) Chairman Rich Jones announced on Monday that it will add a new research project to monitor current accounting trends related to data center infrastructure investments and non-traditional lending, including private credit. This move comes as the accounting treatment of data center financing by large technology companies is under external scrutiny.
Trintech Chief Partner Officer: Adding "Flavor" to Core KPIs
At Trintech, an AI-driven financial close solutions provider, Chief Partner Officer Mekaela Davis believes that partner officers and CFOs must stay aligned. She notes that while partnership-related KPIs remain within traditional frameworks, the partner officer perspective adds "new flavor" to them, emphasizing the need to break down partners' actual contributions within standard metrics like sales pipelines to reduce uncertainty in external partnerships.
Rivian quietly withdraws 2027 profitability target as autonomous driving R&D spending increases
Rivian said in a securities filing on Thursday that it no longer expects positive adjusted EBITDA in 2027 due to accelerated autonomous driving technology development. The company's CFO had previously hinted at increased related investment, and it has partnered with Uber, which will invest up to $1.25 billion and purchase up to 50,000 autonomous R2 vehicles.
GM CFO: Slower EV Growth Brings Cost-Reduction Opportunities
GM CFO Paul Jacobson noted at the BofA 2026 Global Auto Summit that the slowdown in EV growth is an opportunity for the company to optimize its cost structure. The company has recorded $6 billion in related charges due to strategic adjustments and plans to complete restructuring by the end of the second quarter of 2026. Despite tariff pressures, the company's adjusted free cash flow for full-year 2025 reached $10.6 billion.
Beyond Meat delays full-year 2025 results release due to inventory accounting review
Beyond Meat announced on Tuesday that it is delaying its fourth-quarter and full-year 2025 results release due to the need for additional time to review inventory balances and provisions for excess and obsolete inventory. The company expects to release preliminary results on or before March 25, but the final 10-K filing may be delayed to March 31. Previously, the company had delayed its Q3 results due to internal control weaknesses and replaced its chief accounting officer.
Instant pay can help low-income workers develop savings habits, research finds
A recent study published in the peer-reviewed journal Information Systems Research indicates that earned wage access (EWA) services can significantly help low-income workers save, manage finances, and engage in long-term planning. Data show that moderate and consistent use of EWA can increase monthly savings frequency by 3.7%, raise financial dashboard monitoring frequency by 12%, and increase the proportion of setting financial goals by 1.3%. However, if users fall into a pattern of frequent instant withdrawals, these benefits will noticeably diminish.
Former CFO of Indian River State College Files Whistleblower Retaliation and Defamation Lawsuit
Marvin Pyles, former Chief Financial Officer of Indian River State College, filed a lawsuit on February 25 in the Circuit Court of St. Lucie County, Florida, against the college, President Timothy Moore, and the Board of Trustees, alleging whistleblower retaliation, defamation, and breach of contract. Pyles claims that during his tenure from April 2021 to April 2024, he discovered financial irregularities at the college, including fake vendors, improper purchase orders, and mismanagement of donated funds, and was subsequently terminated. The lawsuit seeks reinstatement, back pay, and damages of up to $50,000 for each claim.
West Monroe: CFOs Must Measure AI Investment Returns with 'Very Specific' Metrics
Connor Augustyn, Managing Director at consulting firm West Monroe, says CFOs have lost patience with vague AI promises and must define specific KPIs for ROI, recommending pausing AI projects and realigning strategies when outcomes cannot be quantified.