Latest news
According to a survey jointly released by Hanover Research and Avalara, AI and automation are deeply penetrating the finance and tax field, but companies have a knowledge gap in e-invoicing compliance readiness, and data security remains a major obstacle.
Procurement automation is a key means for enterprises to improve efficiency, strengthen compliance, and save administrative costs, but implementation can be complex. Starting from definitions and benefits, this article elaborates on six methods to automate and optimize procurement processes, including approval automation, PO tracking, AI decision-making, supplier management, and more. It also analyzes challenges such as integrating legacy systems and employee resistance, along with countermeasures, and looks ahead to the future roles of AI and RPA.
For multi-entity enterprises, intercompany transactions are a persistent accounting challenge and one of the most time-consuming processes. NetSuite OneWorld provides native tools, but most organizations do not fully utilize them. By correctly configuring intercompany accounts, enabling the framework, automating management, and setting up representative entities, finance teams can greatly shorten closing cycles and reduce error risks. This article also points out common configuration mistakes and introduces Charted's optimization services and webinar resources.
Chipotle Mexican Grill Chief Financial Officer Adam Rymer recently stated that as the company accelerates its international expansion, its store count outside the U.S. could match its domestic count in the coming decades. In an interview with CFO Dive, Rymer noted there remains significant growth potential in Western Europe and other partnered markets beyond it. Chipotle currently operates 82 stores in Canada, 22 in the UK, 7 in France, and 2 in Germany, with an additional 15 run by partners in the Middle East. In September 2025, the company announced its first entry into the Asian market through a joint venture with SPC Group, planning to open stores in Singapore and South Korea this year.
The latest 2026 Global Talent Trends Report from the Association of Chartered Certified Accountants (ACCA) reveals notable divisions among accounting professionals of different generations regarding hybrid work, AI recruitment, ESG (Environmental, Social, and Governance) issues, and pay satisfaction. With Generation Alpha (born 2010-2024) approaching working age, employers may soon need to manage a workforce spanning five to six generations.
Billtrust CFO David Zwick points out that 65% of financial leaders are allocating more than 10% of their 2026 budgets to AI, but 59% worry about a bubble. However, skepticism prompts stricter evaluations, and 79% of AI applications have already delivered tangible returns. The true winners are enterprises that integrate AI into existing processes and focus on cash outcomes.
The Trump administration recently appealed a Court of International Trade order requiring the widespread refund of expired tariffs, introducing new uncertainty into the federal refund process. According to lawyer analyses, some importers who have not yet filed refund claims may face recovery risks, while the government may attempt to retain remaining funds by setting up obstacles.
At the dbAccess Global Consumer Conference, Coca-Cola CFO and President John Murphy pointed out that some consumers' 'resilience falls short of expectations,' with lower-income groups facing constrained purchasing power. The company is responding through price, volume, and mix strategies, while emphasizing long-term positioning in non-sparkling categories such as energy drinks.
Hub Group appointed Todd Heeter as interim Chief Financial Officer on May 28. Under the consulting agreement, Heeter will receive a monthly cash consulting fee of $125,000 for six months. The appointment is part of a series of corrective measures taken by the company in response to a $77 million accounting error.
Artificial intelligence has been the leading cause of layoffs at US companies for the third consecutive month. In May, AI-related layoffs reached 38,579, the highest since the firm began tracking this category in 2023, representing 40% of all layoff announcements that month. Year-to-date, total AI-related layoffs have already surpassed the full-year total for last year.