THANK YOU FOR SUBSCRIBING
The Quintessential Technology Source for Corporate Financial Professionals
CFO Tech Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CFO Tech Outlook
Donald Maher is an accomplished and dedicated Tax, Treasury, and Finance Executive with extensive global and domestic experience in the tax aspects of a variety of different subject matters ranging from joint ventures, acquisitions & divestitures to global contracts and cross-border transactions, including the design and implementation of tax efficient supply chain planning. He has a proven record of being a strategic thought leader who is a creative, practical problem solver with thorough execution and the ability to build relationships with business leaders. In his current role as Mohawk's Vice President of Taxes, he is responsible for leading a global tax function with responsibility for the Company's global income tax matters, including tax accounting, tax planning, tax compliance, tax audits, and tax-related controls. What are some of the trends impacting the tax industry today? People in the tax industry frequently make the statement that they are expected to increase...
For years, tax professionals have relied on the same old, desktop software programs that feel familiar. Lately, however, those tools are showing their age: renewal costs keep rising, legacy features lag behind the pace of change, and a patchwork of costly add-ons has become the norm. The profession is ready for a smarter, more agile approach. Ten years ago, MyTAXPrepOffice was built from the ground up as a cloud-native platform. That makes it one of the most experienced and mature cloud-based tax software providers on the market today. With a focus on speed, security, and scalability, it’s redefining what tax software can deliver, especially in the high-pressure weeks of tax season. Squire Dahl, President of Advanced Tax Solutions LLC, the company behind MyTAXPrepOffice, explains it clearly. “At MyTAXPrepOffice, we believe great software should make your life easier, not more complicated. That’s why we built a true cloud-based solution created for a new era, one that evolves with the needs of tax professionals. From AI-powered automation to our unmatched customer support, everything we do is designed to simplify tax preparation and empower our users to grow. We’re not just keeping pace with the industry—we’re helping shape its future.” MyTAXPrepOffice customers are noticing the difference. Many echo the same refrain: “I wish I’d made the switch sooner.” That reaction reflects the accuracy, flexibility, and simplicity that the platform was created to deliver. BUILT FOR THE CLOUD, NOT ADAPTED TO IT MyTAXPrepOffice separates itself from legacy systems at the foundation. Competing products often retrofit desktop software for online use. MyTAXPrepOffice was built as a cloud platform from the beginning. That design choice delivers stronger reliability, quicker updates, and a smoother workflow for new features as they are released. Every part of the platform connects within a unified framework. It means features like the integrated client portal, Interview Mode, or their new My AI Assistant tool are intelligently designed to work within the platform, not tacked on as separate systems. Cloud-based architecture also removes the risk of storing sensitive files on local machines. Information is hosted securely with leading infrastructure providers and safeguarded by encryption in transit and at rest, multi-factor authentication, password controls, and session management. These measures meet or exceed IRS standards. For professionals handling sensitive records, that level of protection translates into peace of mind..
Driven by rapid advancements in AI technology, the accounts receivable (AR) landscape has undergone a groundbreaking evolution with the introduction of Emagia’s flagship AI-assistant copilot, Gia. Prior to this paradigm shift, companies resorted to business process outsourcing (BPO) services to externalize their AR functions, aiming to lower operational costs. However, the traditional approach presented challenges in comprehending customer bases and extracting valuable insights from disparate financial systems. Emagia, a visionary leader in the AR automation space, has advanced autonomous finance solutions for order-to-cash processing, a single cloud platform solution for end-to-end automation of all processes from order-processing, credit approvals, e-invoicing, e-payments, collections, disputes and deductions resolution, cash application and reconciliation and cash flow forecasting. Gia, the worlds’ most advanced pre-trained copilot for finance order-to-cash function, is at the forefront, enabling companies to delegate majority of the operational tasks to Responsible AI, resulting in exponential efficiency gains and actionable insights at reduced operational costs. Its advanced generative AI capabilities streamline the AR process, offering an impressive level of autonomy. Emagia Autonomous Finance Platform for O2C has successfully handled over $900 billion in receivables across more than 90 countries, supporting operations in over 25 different languages. “Our autonomous O2C platform focuses on removing the friction in the AR process, using AI to provide timely and meaningful insights,” says Veena Gundavelli, founder and CEO of Emagia. Accelerating Digital Finance Transformation Building on more than 15 years of track record in modernizing finance operations, Gundavelli harnesses the trifecta power of AI, automation and analytics to optimize O2C operations. Her quest to empower global finance teams and shared services with exponential technologies to push the boundaries of high-performance outcomes. Emagia Autonomous Finance Platform for order-to-cash is a fully integrated platform comprising multiple modules, including invoice collections, reconciliation, credit management, e-invoicing, payment processing, cash flow forecasting and dispute resolution. Its autonomous capabilities empower financial controllers, O2C leaders and AR executives to gain exponential efficiency in operations and valuable insights to make strategic business decisions. This includes identifying the most profitable customer segments, collaborating with sales to devise effective growth strategies, and managing terms and credit lines for low-paying customers. A primary challenge companies face is the dispersion of information across various platforms such as ERP, POD, logistics and trade promotion systems, as well as the management of payments through diverse channels.
Holdings Financial Technologies, a forward-thinking fintech company, empowers small and mid-size businesses to efficiently manage their finances by offering cash accounts that combine high earning potential with robust financial security. Its innovative account structure blends the benefits of checking and savings accounts, providing businesses with a yield of up to 4.6 percent—similar to a savings product—without limiting fund usage. Traditional banks typically offer checking accounts, which allow free use of funds but do not earn interest, and savings accounts, which earn interest but restrict fund usage. Similarly, investment products offer returns but often limit liquidity and access. Addressing these limitations, Holdings Financial Technologies enables businesses to access and use their funds on the same day, like a checking account, but with the yield of a savings product, eliminating the need for separate checking and savings accounts. Security is a crucial feature, but so is the yield. Unlike typical financial institutions that keep the yield for themselves, Holdings Financial Technologies passes this yield onto its customers. “We choose to share this yield, ensuring you benefit from your funds,” says Hayley Thomas, Founder of Holdings Financial Technologies. Its secure platform allows businesses to earn a yield on funds not actively used in day-to-day operations while ensuring high liquidity. “Holdings Financial Technologies is a financial technology company, not a bank. As a fintech company, we provide innovative solutions designed to simplify and optimize business finances,” states Jason Garcia, CEO of Holdings Financial Technologies. Through its partnership with Evolve Bank & Trust, Holdings Financial Technologies enhances fund security beyond the standard $250,000 FDIC insurance, extending it to $5 million.
Frida Roneus, Head of Digital Strategy & Transformation, Sumitomo Mitsui Banking Corporation
Richard Kung, Chief Financial Officer, CTBC Bank Corp. (USA)
Paul S. Young, Chief Financial Officer, Liberty Bank – CT
Jack M Jacobs, Senior Vice President of Commercial Banking, WesBanco Bank Inc
Linda Wilson, Senior Growth Account Executive, Transact Campus Inc
New Efficiencies In Cloud-Based Tax Preparation
A new wave of digital intelligence is changing how organizations handle tax preparation and compliance. Cloud-based platforms, powered by real-time data, automation and AI-driven intelligence, are replacing traditional systems with dynamic systems that think, adapt and learn from every filing cycle. Modern platforms integrate directly with financial systems, ensuring every transaction, deduction and regulation update flows into a single, secure environment. When tax codes change, cloud engines update instantly across global entities. Generative AI now assists professionals in interpreting new regulations, drafting compliance notes and explaining variances in plain language. Collaboration in tax operations has also entered a new era. Teams across offices and time zones can now work simultaneously on returns, audit trails and simulations without version conflicts or data silos. The result is faster turnaround times but unprecedented visibility and control across the entire tax lifecycle. Driven by these trends, the global tax software market is projected to reach $40 billion by 2034, expanding at a CAGR of 9.2 percent. Cloud deployments now account for more than 60 percent of total market share, showcasing how digital infrastructure has become essential to modern tax operations. This edition of CFO Tech Outlook highlights the leading innovations in cloud-based tax preparation software and how companies are aligning with these trends. It features a thoughtprovoking article by Christopher Phillips, Director of Anti-Money Laundering Compliance and Senior Vice President at Valley Bank, and Ann Downey, Vice President of Accounting at North American Bancard. In this edition featuring the Cloud-Based Tax Preparation Software of the Year 2025, we hope you gain fresh insights to power your digital transformation in tax operations.
