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Over decades in finance, the author has participated in more than 1,000 bids, emphasizing that proposals alone are insufficient to guarantee long-term profitability. The article argues that CFOs must deeply engage in the sales process, build close partnerships with CROs, and leverage modern AI tools to optimize bid decisions while remaining vigilant about the risks of large language models.
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.
At the Money20/20 fintech conference in Las Vegas, Citadel Credit Union CFO Anand Solanki advised CFOs to avoid being blinded by AI's 'glitter' and instead focus on solving specific problems with clear benchmarks.
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.
After several relatively quiet years, the IPO market is showing strong momentum and optimism. In the first three quarters of 2025, over 160 companies have gone public, surpassing the total for the full year of 2024; the filing pipeline has grown by more than one-third year-over-year. On the insurance side, the D&O underwriting environment remains favorable, and underwriters' interest in IPO business has significantly increased.
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.
At the Money20/20 conference, april CEO Ben Borodach stated that the AI software developed by his company can be embedded in financial applications to accurately analyze clients' tax liabilities. He also cautioned that existing OCR-based solutions have only an 80% success rate, which needs to be raised above 95%, and advised CFOs to consider the long-term nature of technology investments.
A report released by McKinsey this week indicates that the average investment required for companies to bring new businesses to breakeven has decreased from $125 million in 2024 to $77 million this year, while willingness to invest in AI and data-driven businesses has increased. Based on a survey of over 700 executives across 66 countries, the report recommends that CFOs support new ventures through milestone-based financing and portfolio management.
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.