Technology
Against the backdrop of expanding responsibilities for finance executives, BILL Holdings CFO Rohini Jain leverages AI to overcome time and knowledge constraints, achieve deep learning and efficient communication, and drive skill diversification within the finance team.
Annual planning is shifting from looking backward to looking forward, and finance departments need to balance AI investments with workforce allocation while establishing new measurable metrics. This article explores how to build a planning process adapted to the AI era through modern tools and cross-departmental collaboration.
Atlassian announced on Thursday that Chief Financial Officer Joe Binz will retire on June 30, 2026, and that the decision was not due to any disagreement with the company. The company has begun a search for a new CFO. On the same day, Atlassian appointed Tamar Yehoshua, a former Google and Slack executive, as Chief Product and AI Officer, effective November 17. Binz's departure comes amid multiple changes in the company's leadership and board, while the company continues to increase its investment in AI, including the completion of its approximately $610 million cash acquisition of The Browser Company.
Meta Chief Financial Officer Susan Li said on Wednesday's earnings call that the company's employee compensation costs accelerated in the third quarter, driven mainly by hiring in technical roles, particularly artificial intelligence talent. As of the end of the third quarter, total headcount exceeded 78,400, up 8% year-over-year. Looking ahead, the company expects employee compensation to be the second-largest expense item next year.
At the Money20/20 conference, Snowflake CIO Mike Blandina stated that the strategic partnership with Palantir will help customers quickly realize AI value, as the two sides are highly aligned in customer networks, technology, and philosophy.
According to survey results released by the Wharton School on Tuesday, 72% of business leaders have established structured processes to track AI return on investment through metrics such as productivity, profitability, and throughput. Among respondents evaluating generative AI investments, three-quarters reported seeing positive returns so far. The survey also found that 88% of leaders expect to increase spending on generative AI in the coming year, and 62% anticipate double-digit growth in spending over the next two to five years.
Chipmaker GlobalFoundries announced on Monday that CFO John Hollister has stepped down immediately for personal reasons after just over a year in the role. The company appointed Senior Vice President Sam Franklin as interim CFO and initiated a search for a permanent successor. On Tuesday, GlobalFoundries announced a €1.1 billion (approximately $1.3 billion) investment to expand its Dresden, Germany, plant, with annual capacity expected to exceed 1 million wafers by the end of 2028.
After a strong third-quarter earnings report, Adobe announced new generative and agentic AI features for products such as GenStudio and raised its full-year revenue guidance. The company's CEO called AI the biggest opportunity in decades, with multiple AI products achieving their annual recurring revenue targets ahead of schedule.
With the rise of millennial and Gen Z decision-makers, B2B buyers' expectations for transaction experiences have aligned with consumer-grade standards. However, many enterprises still rely on manual credit reviews and rigid payment terms, creating transaction friction and the risk of customer churn. Drawing on data from Deloitte and McKinsey, as well as observations from Craig Lenders, Director of Product Management at Capital One Trade Credit, this article analyzes the true costs of traditional AR processes and explains how automated systems achieve dual improvements in efficiency and experience across credit decisions, multi-channel servicing, and dispute resolution.
Plaid announced the appointment of Seun Sodipo as CFO, succeeding the departing Eric Hart. Sodipo previously worked at Stripe and Glossier, and she will prioritize sustainable growth while continuing to expand new businesses such as credit, anti-fraud, and payments. The company recently completed a $575 million funding round and has no immediate IPO plans.