Latest signal Figure closes Kiavi: the $590m Day-1 accounting file for cash, loan assets and debt payoff
What changed—and what it means

News

Verified reporting on changes that affect finance work, systems and decisions.

News Procurement & Spend

Serra Verde’s $1.55bn offtake structure: when procurement can count secured supply

An August 21 amendment satisfied the Serra Verde offtake’s revised financing condition, but the $500m revolver remains unfunded and first deliveries are only expected in early Q4. Procurement should keep financing, production, qualification and delivery as separate supply states.

6 min read Read article
News Finance Systems & Data

Thomson Reuters’ Thomson LLM: the $40m build, adapt and buy case

Thomson Reuters says Thomson cost about $40 million to develop, but its final training run was under $450,000 and CoCounsel remains multi-model. Finance systems leaders need a cost-and-ownership ledger, not a binary build-versus-buy label.

6 min read Read article
News Planning & Performance

Woodside retires its US$5bn new-energy target: the FP&A capital bridge

Woodside retired its 2030 US$5bn new-energy investment target, placed Beaumont New Ammonia under strategic review and targeted US$350m of annual structural cost reductions from 2028. The reset does not disclose a US$5bn cash release or change Woodside’s US$4.0–US$4.5bn 2026 capex guidance.

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News Treasury & Cash

Nayax–IPS deal: settlement controls before parking-payment migration

Nayax agreed to acquire IPS Group for $350 million, but the transaction remains pending and payment migration is only a stated opportunity. Payments teams should lock merchant, settlement, refund and reconciliation evidence before any cutover.

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News AP, AR & Billing

eHarmony subscription ruling: six controls billing teams should test

Australia’s Federal Court found eHarmony liable over subscription pricing, renewal, duration and cancellation representations. This analysis maps the billing controls from offer to charge; penalties and redress remain undecided.

7 min read Read article
News Treasury & Cash

Dolce & Gabbana’s covenant waiver: the treasury bridge to March 2028

Banks waived remedies and paused covenant testing to March 31, 2028, but the relief does not itself create cash. Treasury still must distinguish the €150 million reported as raised from unspecified financing and possible asset proceeds.

6 min read Read article

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