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Intuit and Rehmann partner to provide ERP services
Yahoo Finance· 2025-11-18 08:55
Core Insights - Intuit has partnered with Rehmann to launch the Intuit Enterprise Suite, a cloud-based ERP system aimed at mid-market businesses, focusing on multi-entity accounting and reporting complexities [1][2] - The collaboration seeks to enhance financial management through automation and AI-driven capabilities, providing a seamless upgrade experience for clients currently using QuickBooks [2][4] - The suite includes features such as financial management, payments processing, business intelligence tools, payroll, and human resources management, all within a unified platform [3][4] Company Strategy - Rehmann aims to leverage the Intuit Enterprise Suite to improve its clients' accounting processes and support their growth through innovative solutions [2][5] - The partnership emphasizes a commitment to operational excellence and innovation, with a focus on delivering data-driven insights for better decision-making [3][5] - Intuit's strategy includes expanding its ERP offerings through collaborations with firms like Rehmann and Cherry Bekaert, targeting businesses seeking advanced financial management tools [5]
CFOs Double Down on AI and Cybersecurity as Tariffs Emerge as Major New Threat
Prnewswire· 2025-10-28 13:31
Core Insights - The 2025 CFO Priorities Annual Survey indicates that tariffs and trade barriers have become a significant concern for CFOs, with 66% anticipating negative impacts on their organizations, a notable shift from previous years [1][5][6] - Profitability remains the top priority for CFOs at 34%, followed closely by cybersecurity and economic uncertainty, both at 27% [5][6] - The survey highlights a decisive shift in CFOs' focus towards technology adoption, particularly AI and cybersecurity, as they seek to enhance operational efficiency and resilience [3][6] Profitability and Strategic Priorities - Profitability is the primary concern for CFOs, holding steady at 34%, while cybersecurity and economic uncertainty are tied at 27% [5] - On board agendas, profitability dominates at 63%, with technology transformation at 38% and competitive advantage at 37%, indicating a shift from previous focuses on digitalization and staff retention [5] - Two-thirds of CFOs expect negative impacts from tariffs, a significant increase from the previous year's focus on inflation [5] Tariffs Create New Complexity - Only 29% of CFOs report having the necessary skills and processes to comply with new tariff regulations, while 43% are still developing internal solutions [5] - The rising complexity due to tariffs is reshaping financial strategies and priorities among CFOs [6] Headcount Growth Returns - Nearly half of CFOs (45%) plan to increase finance headcount in the next quarter, marking a 19% rise from 2024, with 65% expecting growth over the next 12-24 months [5] - The expanding role of finance and increased focus on risk management are driving this hiring momentum [5] AI Acceleration and the Shift to Execution - AI has transitioned from exploration to execution, with 96% of organizations now engaging with AI, and 42% using it operationally [5] - There is a significant increase in the number of CFOs seeking external support for AI implementation, rising from 17% in 2024 to 59% [5] Cybersecurity: Rising Engagement Amid Growing Threats - Nearly three-quarters of CFOs (73%) are now involved in cyber strategy, with half deeply engaged in both strategy and response [12] - Confidence in cyber prevention and mitigation has declined to 43%, reflecting a shift in focus from prevention to response readiness due to unpredictable cyber threats [12]