On-chain finance company Uphold has introduced an early payday service for U.S. customers. Beginning Tuesday (Feb. 10), customers who use Uphold for direct deposit can access their paychecks up to two days early, the company said in a news release. “At Uphold, we believe you shouldn’t have to...
Toyota’s next CEO isn’t an engineer, a product visionary or a car guy. He’s a numbers guy. An operations specialist. The automaker announced Friday (Feb. 6) that its current chief financial officer, Kenta Kon, will be promoted to CEO, effective April 1. In another era,...
Watch more: Office of the CFO With Smarsh Ian Goodkind CFOs have traditionally been tasked with keeping things in their place. For years, that has kept CFOs mostly in place themselves, behind the walls of their own finance functions. But change comes fast, and it...
Truist Financial launched a new integrated receivables platform, according to a Tuesday (Feb. 3) press release. The platform uses artificial intelligence and machine learning to automate the matching of payments to invoices for commercial and corporate clients, the release said. It is designed to unify...
The job of the chief financial officer typically shifts in step with the macro environment. In yesteryear’s era, defined by cheap money, globalized supply chains and predictable demand curves, financial leadership was largely about squeezing inefficiencies out of a system designed to scale. The name...
The gap between ambition and execution when it comes to accounts receivable automation is one of the worst kept secrets in modern finance operations. It is also one of its defining challenges. “Getting from the vision to the concrete plan is difficult,” Michael Younkie, VP...
At 60 million and growing, the U.S. Labor Economy represents a sizeable segment of the country’s manpower. Yet, even as these individuals serve food, staff warehouses, drive trucks, staff events, care for patients and otherwise keep local commerce moving, it rarely receives attention in mainstream...
For years, artificial intelligence (AI) has been pitched to finance leaders as a faster way to do what they already do: close the books, reconcile accounts, forecast cash, and manage risk. But as CFOs look to move AI from pilots to production across their department...
The CFO’s mandate has traditionally been to optimize within existing systems. Finance chiefs manage costs, allocate capital, forecast with increasing precision and ensure their company delivers predictable performance quarter after quarter. That foundation has shifted. Trade tensions, tariffs, geopolitical realignment, persistent inflation, supply chain fragility,...