Shared services stories

Scalare turns operating cash flow positive as cash receipts surge 231% to AUD $4.58 million after acquisitions and founder platform rollout.

Sixthfin debuts Closing in the UK, an AI-enabled tool to automate period-end account reconciliation and tighten financial close controls.

Xelix research warns large UK and US firms lose up to USD $53 billion a year to accounts payable errors, duplicates, missed credits and fraud.

Wipro launches a unified AI-led model to fuse consulting, transformation and operations across people, finance, supply chain and customer work.

US mid-market CFOs eye AI to free time for strategy but say adoption hinges on strict human oversight and verifiable audit trails.

BenchBee says UK IT consultancies waste GBP £3.06bn a year on idle staff, urging a shared-talent model inspired by government reforms.

UK CFOs are ramping up AI investment and taking charge of digital strategy, betting on productivity gains if tools fit existing finance workflows.

UK businesses are set to roll out agentic AI across tax and finance in 2026 as cost pressures force a reset on processes and investment.

Vertex Group names Puneeta Rajwant to steer India expansion, InfraTech launch and drive its Vertex 2.0 agenda towards INR ₹1,000 crore.

UK firms step up FX hedging as sterling’s sharp swings hit earnings, with more businesses extending hedge lengths and raising cover.

Basware acquires Australian AP software provider Redmap to accelerate AI-driven invoice automation growth across the Asia-Pacific mid-market.

Azets names Trevor Attridge Group CIO to spearhead global digital strategy, AI adoption and automation across its international operations.

NetApp appoints Ranjit Kumar Singh as India HR site leader and senior director, underscoring the country’s growing global strategic role.

Atturra teams with Comtrac to roll out AI-powered investigation tools for Australian law enforcement and regulators via a single service channel.

Celonis’ Pascal Coubard eyes rapid APAC expansion after customers unlock USD $8.1 billion in value with its upgraded process intelligence platform.

Kinetic IT has appointed Jacqui Adams to lead its digital transformation, enhancing national tech services and delivery models across Australia.

Expert Tech CEO Pat Murphy highlights AI's key role in enhancing security and compliance for Australia's mutual banks amid rising cyber threats and cost pressures.

Supervity launches its AP AI Command Centre to automate invoice-to-pay finance tasks, cutting processing times by 90% and boosting payment accuracy for firms.

Only 16% of UK public sector organisations have fully implemented digital strategies, down from 23% in 2023, as transformation faces delays and frustrations.

Asia-Pacific leaders show the lowest confidence in AI effectiveness globally, yet 70% report steady ROI gains from current AI investments.