Press Releases
Financial forecasting has long relied on experience and guesswork. While AI brings potential, a lack of trust hinders adoption. Farseer's AI suite runs calculations on governed financial models, ensuring every output is traceable to close the trust gap.
ExpenseOnDemand and Pliant announced a strategic partnership to integrate expense management, corporate cards, and spend control. Through API integration, Pliant card transactions can be automatically synced to the ExpenseOnDemand platform, supporting receipt matching, policy controls, approval routing, and accounting system synchronization, helping businesses manage spend from a single source of data. The integration is available immediately to existing and new customers.
Ordway, a monetization platform for innovative business models, announced on August 5, 2026, that it has secured $20 million in new equity and debt financing to accelerate AI product development and company growth. The round was led by Harbert Growth Partners, with debt financing provided by Western Alliance Bank's Innovation Banking Group. The company's recurring revenue has doubled over the past two years, and it remains profitable. The funds will be used to double its R&D budget, with a focus on products such as AI agents and AI cash flow forecasting.
Net Conversion, an Orlando-based impact media agency, has promoted Joshuah Rodery to chief financial officer, effective immediately. Rodery, who joined the company seven months ago as vice president of finance, will continue to report to co-founder and CEO Ryan Fitzgerald. His promotion follows a period of significant growth for the agency, including new media AOR assignments and the opening of its first Midwest office in Chicago.
On August 20, 2026, Pure IP announced the relaunch of Pure IP FinOps, which now features AI-driven spend intelligence and a new dashboard that automatically audits bills and identifies discrepancies, helping customers save an average of 3% to 8% on technology spending and reduce network costs by 10% to 20%.
On August 30, 2026, Numbers Game announced that its MCP product for accounting firms now supports Xero, expanding its existing QuickBooks Online integration. The platform emphasizes the firm as the controlling entity, using fine-grained user- and company-level permissions to allow accountants to retain professional judgment while leveraging AI tools like Claude for information retrieval, transaction investigation, and accounting preparation.
New developments have emerged in consumer class-action lawsuits against retailers such as Amazon and Target over tariff refunds. Plaintiff attorneys filed an amended motion on Tuesday, requesting the U.S. Judicial Panel on Multidistrict Litigation to transfer and centralize the cases in the U.S. District Court for the Northern District of Illinois, where they would be consolidated with four similar existing cases. Currently, related lawsuits are spread across federal district courts in eight states, involving 15 major retailers.
Rivian's Chief Financial Officer Claire McDonough will leave the company and join GE Vernova, assuming the role of CFO starting January 1, 2027. She will serve as a strategic advisor from November 1, with current CFO Kenneth Parks planning to retire in April 2027. At Rivian, Vice President of Finance Derek Mulvey will step in as interim CFO.
A global Protiviti survey reveals that although 77% of finance organizations have deployed artificial intelligence, only 35% can confidently measure AI's return on investment. Data security and privacy have remained the top priorities for finance leaders for three consecutive years. Experts point out that a lack of confidence in data quality, security, and governance is a major obstacle to the scalable application of AI.