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Glossary cfo 2026 2027 cover arago
22 September 2026
Last updated 22 September 2026

The CFO’s glossary: 35 key terms to guide your financial decisions in 2026–2027

The CFO’s glossary: 35 key terms to guide your financial decisions in 2026–2027

The CFO glossary brings together the concepts that have become essential for a finance department undergoing rapid change: agent-based AI applied to the verification of expense claims, electronic invoicing, budget management integrated with the ERP system... These developments are no longer simply matters to monitor: they are becoming regulatory requirements or tool standards that every finance department must incorporate, right down to the configuration of the expense management tools that must support them.

For CFOs, management accountants and Travel & Expense managers, it is becoming essential to master a vocabulary that is evolving faster than traditional training programmes.

Drawing on its experience of working alongside finance departments on a daily basis to support their Travel & Expense and Finance management projects, Arago has compiled this glossary to provide finance teams with a reliable guide to the concepts that truly underpin future decisions.

Keep this to hand all year round!

What this glossary contains

  • AI & automation in finance: understanding what is involved in agent-based AI in finance, financial chatbots, automated expenditure auditing and ‘shadow AI’, in order to distinguish between automation technologies that are already mature and those whose use still needs to be regulated.
  • Business travel management (Travel): SAP Concur Travel, self-booking tool, duty of care, travel analytics… The terminology of a travel management sector increasingly driven by data and compliance.
  • Expense management (Expense): approval workflows, tax compliance for expense claims… The key aspects that ensure an expense claim is legally valid in the event of an audit.
  • Invoicing & supplier management: e-invoicing, the Procure-to-Pay cycle, automated supplier reconciliation… What this means in practice for businesses.
  • Budget management & finance IT integration: SAP Funds Management, EPM/CPM, debt processing… The tools for linking budget management to expenditure management systems.
  • Cloud, data & compliance: cloud-based ERP, GDPR as it applies to expenditure data, audit trails, interoperability… What a digital finance project must safeguard right from the design stage.

In summary:

35 finance concepts categorised into 6 themes, selected for their real impact on decisions in 2026–2027.

CFO Glossary 2026–2027: 50 Finance and Travel & Expense Terms — Arago