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A decade ago, it was rare for data and analytics leaders to report to the CFO, but today it is increasingly common. Behind this lies a fundamental transformation in the finance function: not only to explain 'what happened,' but also to answer 'why it happened' and 'what to do next.' Amid heightened tariffs, supply chain disruptions, and demand volatility, the finance department is leveraging AI to reposition its value—shifting from producing reports to understanding the business, identifying signals, and making forward-looking judgments.
Fintech company Bottomline announced on Monday that it has added stablecoin capabilities to its CFO suite, allowing corporate finance teams to send, receive, and manage stablecoins while retaining approval, control, and audit processes. This move is the latest attempt in the payments and fintech sector to integrate digital assets into mainstream commercial transactions.
A Monday report from S&P Global showed that as of June, total large US corporate bankruptcy filings rose to 372, slightly exceeding the 371 filings from the same period last year, continuing to hover near the highest level since 2010. The industrial, consumer discretionary, and healthcare sectors led in bankruptcy counts. Small business bankruptcy filings surged 50% year-over-year in the first half, primarily due to sustained financial pressures on households and businesses. Despite the surge in bankruptcies, credit market concerns over default risk for speculative-grade companies have not risen significantly.
The public comment period for the SEC's proposal to change listed companies from quarterly to semi-annual reporting recently concluded. According to tracking data maintained by Tzachi Zach, an accounting professor at Ohio State University, 99% of the over 36,000 comment letters were opposed. Daniel Brinks, a former senior SEC enforcement accountant and now a forensic accounting partner at StoneTurn, noted that the large volume of feedback creates a "massive administrative record" that could affect the SEC's decision-making pace; however, legally, the number of comments does not equal legal weight, and substantive analysis is key. This article outlines the next steps in the proposal's process, alternative suggestions from industry groups, and what CFOs should prepare at this stage.
Federal Reserve Governor Christopher Waller warned on Monday that with inflation continuing to run above the 2% target and the labor market stabilizing, the Fed may need to raise the benchmark interest rate in the near term. He cited the core PCE inflation rate rising from 3% in December 2025 to 3.4% in May 2026 as evidence, and noted that if core inflation data come in higher again this week, the FOMC will consider tightening policy. Market expectations for the probability of a rate hike in July have risen from 34.2% last Friday to 43.3%.
Digital asset enterprises often encounter delays during IPO preparation due to accounting policy choices, missing internal control documentation, and insufficient team experience. Robert Sledge, co-lead partner of KPMG's Digital Assets and Fintech business, emphasizes that details such as gross versus net revenue recognition, staking arrangements, and the definition of on- and off-balance sheet items may have significant impacts. He advises enterprises to focus on improving private key controls, general ledger entry controls, and fair value valuation policies before filing, and to ensure consistency across financial statements, management's discussion and analysis, and risk factors sections.
Finance teams are often seen as the analytical backbone of enterprises, but expanding strategic responsibilities coexist with cumbersome daily processes. This article uses case studies of HFMM Legacy Group, Lango, and Fire & Ice to show how, after adopting Intuit Enterprise Suite, financial leaders save significant time, shift from data wrangling to strategic insight, and improve work-life balance.
PepsiCo CFO Steve Schmitt said on Thursday's earnings call that the tariff refunds the company has applied for are expected to bring about 1 percentage point of earnings per share growth, helping to ease cost pressures. The company's second-quarter net revenue was $24.2 billion, up 6.4% year-over-year, with core earnings per share of $2.20, up 4% year-over-year.
Grayscale Investments Sponsors disclosed in a recent securities filing that Edward McGee, its long-serving Chief Financial Officer, departed on July 2 for personal reasons and had no disagreements with the company. The company promptly appointed two financial executives, Kathryn Masci and Daniel Plourde, as interim co-CFOs, with Masci also serving as Chief Financial and Accounting Officer. McGee had held the position since 2019, and his departure comes amid the company's IPO plans being postponed due to market conditions.
As companies accelerate the deployment of artificial intelligence, CFOs face unprecedented financial and competitive pressures. Based on interviews with multiple CFOs and technology experts, this article systematically reviews seven key risks in AI applications, from difficulty in measuring return on investment to governance loopholes in 'shadow agents,' providing financial leaders with a risk checklist and response strategies.