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Although companies have established AI usage policies, both executives and employees engage in violations. A Nitro survey found that over two-thirds of C-suite executives recently used unauthorized AI tools, and more than half believe security and compliance implementation is difficult. Shadow AI increases the risk of data breaches, with global average losses exceeding $4 million. Experts point out that insufficient tool practicality is one of the main causes of violations, and adoption should be driven by value rather than coercion.
At an online conference hosted by Financial Executives International (FEI), finance executives from major U.S. companies including Alphabet, Meta, HP, IBM, and ServiceNow shared their organizations' experiences and lessons learned in AI applications. They agreed that AI is already having an impact in corporate finance, but success depends on strategic and disciplined adoption. The conference, held from November 13 to 15, focused on practical use cases of AI in finance functions, emphasizing maintaining a 'human-in-the-loop' approach in deployment, and prioritizing data quality and process optimization sequencing.
A report released by cybersecurity company Omega Systems indicates that over half (53%) of CFOs in the financial services industry view keeping pace with changing cybersecurity regulations as their primary concern. Despite heightened regulatory risks, many companies remain constrained by insufficient budgets, legacy infrastructure, and inefficient manual processes. The report also found significant divergence between CFOs and CIOs in regulatory perception, with only 38% of CIOs viewing regulatory changes as a top issue.
The New York Fed's November manufacturing survey showed that factory activity in New York State expanded at the fastest pace in a year, with growth in new orders and shipments as the main drivers. Despite signs of softening in the national labor market, local employment rose slightly and working hours extended. Businesses' optimism about the outlook declined from the previous month but still expected conditions to improve. Meanwhile, the federal government shutdown delayed the release of key economic data, and Fed Vice Chair Jefferson and Governor Waller expressed differing views on the policy path.
Amid a persistent shortage of accounting talent and the continuous evolution of automation technology, finance leaders are rethinking their hiring strategies. In an interview with CFO Dive, Campfire CEO John Glasgow stated that CFOs are now placing high importance on 'systems-first' accountants in recruitment, aiming to accomplish more forward-looking work with leaner teams. He also introduced Campfire's AI-native ERP platform, its recent $65 million Series B funding, and product development vision.
Accounts receivable (AR), if poorly managed, can become the biggest drag on a company's liquidity. This article explores the strategic significance of AR modernization: through upfront funding, automated processes, and data-driven customer segmentation, CFOs can shorten the cash conversion cycle, reduce DSO, enhance customer loyalty, and achieve scalable operational efficiency. Citing insights from Capital One Trade Credit expert Harlan Boyles and industry data, it provides practical guidance for corporate financial leaders.
Over the past decade, CFOs have proudly advanced financial digitization, yet global payroll still depends on legacy infrastructure designed for employees in a single country, with a single bank and a single identity. As employees move across countries, currencies, and clients, payment failures, opaque fees, and FX risk have become the norm. This article argues that the payment experience should be elevated to a financial responsibility rather than an HR sub-function; the root cause lies in the architectural assumptions of the 1980s. The author proposes building a global payment infrastructure that starts from employee realities, with embedded compliance, real-time data, and transparent fees, and introduces its related practices at Papaya Global.
Torsten Sløk, Chief Economist at Apollo Global Management, stated that 55% of items in the CPI basket have annualized increases exceeding 3%, well above the Fed's long-term target of 2%, which makes it difficult for the Fed to cut rates in December.
The U.S. Attorney's Office for the Western District of Washington announced Thursday that Nevin Shetty, former Chief Financial Officer of retail software company Fabric, was found guilty of four counts of wire fraud for embezzling $35 million from the company into his own cryptocurrency platform. The case stems from a covert transfer in April 2022, with the funds nearly wiped out following the cryptocurrency market crash.