This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Nearly half (43%) of accounts payable executives lack confidence when it comes to their businesses’s understanding of the upcoming reporting thresholds for 1099-K, 1099-MISC and 1099-NEC, according to survey findings released this month from the tax software provider Avalara. Meanwhile, just a little over half (55%) said they are preparing for the new 1099-DA ...

Group 1: Executive Changes in Companies - ExxonMobil CFO Kathryn Mikells will retire on February 1, 2026, to focus on recovery after medical procedures; Neil Hansen will succeed her [2] - Barbara Larson has been appointed CFO of Workiva, effective January 20, 2026, succeeding Jill Klindt, who will leave on December 26 [3] - Timothy Regan, CFO of Dropbox, is stepping down after five years; Ross Tennenbaum will take over on December 16 [4] - Crusoe appointed Michael Gordon as CFO and COO, succeeding Matthew DeNezza, who will leave after an advisory role through 2026 [5] - Lambda appointed Heather Planishek as finance chief, who previously held roles at Tines and Palantir Technologies [6]

Core Insights - Intuit is engaging in significant initiatives within the mid-market sector, particularly following a crucial tax season last year [1] - The recent partnership with OpenAI has generated considerable interest and debate among investors regarding its implications and potential risks [1] - There are concerns about OpenAI and large language models (LLMs) potentially becoming competitive threats in the tax domain [1] Group 1: Partnership with OpenAI - The nature of the relationship between Intuit and OpenAI is a focal point of discussion, with investors seeking clarity on its implications [1] - Investors express fears about the risks associated with integrating OpenAI's technology, likening it to "letting the fox into the henhouse" [1] - The company is expected to address how it plans to mitigate any potential competitive risks posed by OpenAI [1]

Core Insights - Vertex's stock experienced a nearly 10% decline following a quarterly earnings report that was perceived as underwhelming, contrasting with a slight increase in the S&P 500 index [1] Financial Performance - Vertex reported total revenue of slightly over $192 million for Q3, marking a year-over-year increase of nearly 13%. Subscription revenue, which constitutes the majority of its revenue, also grew by approximately 13% to nearly $165 million [2] - The company's net income, not in accordance with GAAP, increased by 6% to just under $28.6 million. Both revenue and adjusted earnings per share slightly exceeded analyst estimates, although not significantly [3] Guidance and Projections - The decline in Vertex's stock was primarily attributed to its guidance, which fell short of analyst expectations. For the current fourth quarter, Vertex projected revenue between $192 million and $196 million, below the consensus estimate of over $199 million [4] - For the full year 2025, Vertex's guidance is between $745.7 million and $749.7 million, while analysts are anticipating revenue exceeding $752 million [5]