NeuGroup News
June 17, 2021

Celebrating Juneteenth, Promoting Diversity and Inclusion

Juneteenth is a day to commemorate and celebrate the emancipation of enslaved individuals in the United States after the Civil War. It has taken on additional meaning for many Americans in the wake of the social unrest following the murder of George Floyd, as the nation reckons with social injustice and a historical lack of respect for Black lives. NeuGroup and a growing list of companies now recognize Juneteenth (June 19) as a holiday, and Congress is poised to make…
CryptoInvestment ManagementTechnology
June 17, 2021

All Aboard? The Crypto Train Has Left the Station

Finance teams need to look beyond Bitcoin to broader opportunities offered by blockchain technology and digital assets. Don’t let all noise blaring from bitcoin drown out the broader implications of blockchain technology and the need for finance teams to understand the potential opportunities offered by cryptocurrency and other digital assets including tokenized securities. That bottom-line takeaway emerged at a recent meeting of NeuGroup for Cash Investment 2 sponsored by State Street, where representatives from Deloitte as well as cryptocurrency fintechs Lukka…
Capital MarketsRisk Management
June 17, 2021

How to Float the Interest Rate Boat When Fixed Rates Are So Low

Treasury teams making the case for floating-rate debt see commercial paper as a flexible tool to gain exposure. One of corporate treasury’s perennial challenges is determining the best ratio of fixed- to floating-rate debt, and that conundrum has been heightened by factors including record low interest rates and the significant debt companies took on last year. An assistant treasurer in a recent NeuGroup Assistant Treasurers’ Leadership Group (ATLG) meeting noted that efficient-frontier analysis suggests companies should hold a minimum 30% to…
TechnologyTreasury Management
June 17, 2021

Treasury Help Wanted: Junior Members With Skills Beyond Finance

Members of NeuGroup for High Potentials also discuss the value of the Certified Treasury Professional Designation. At a meeting this spring, NeuGroup’s High Potentials group discussed critical skills and career management that included observations on the value of the Certified Treasury Professional (CTP) designation and current hiring challenges facing treasury teams. Following are takeaways from NeuGroup’s Andy Podolsky, who moderated the session. A skills checklist. The meeting included a survey about what skills members believe every treasury professional should possess. Highlights: FX…
NeuGroup News
June 16, 2021

Neugroup Connects FP&A Heads in First-of-Its-Kind Meeting

In pilot meeting for our newest group, leaders of financial planning and analysis teams shared and learned in the NeuGroup Process.  Last week’s pilot meeting of NeuGroup for FP&A Heads was a first in two ways: in addition to being first meeting of the group, it was one of our first ever meetings with two sponsors, OneStream on the first day and Jedox for the second.   Though many NeuGroups focus on separate aspects of corporate treasury, NeuGroup for FP&A Heads joins those like our ERM and internal audit groups, expanding the reach of those who can benefit from the NeuGroup Process. NeuGroup’s Brian Kalish, one of the peer group leaders who led the meeting, described it as…
Capital MarketsCash & Working Capital
June 15, 2021

Convertibles, Speed and Capital Structure: A Tech Banker’s Take

An interview with Lucia Greenblatt, managing director of technology banking at MUFG, on a SAAS company’s financing journey. The optimal capital structure for a high-growth technology company may change significantly as its business develops and its financing options increase—one reason corporates that issue convertible bonds early in their trajectory often replace them with alternatives more suited to mature businesses with investment-grade (IG) credit metrics or ratings That takeaway sprang from a session at a recent meeting of NeuGroup for Growth-Tech…
NeuGroup News
June 14, 2021

A Special Panel for Healthcare Treasurers

In a recent session facilitated by NeuGroup for treasurers from the healthcare sector, Wells Fargo moderated a panel discussion on ‘ESG and the Role of Treasury’. On the panel were Michelle Edkins, a managing director at BlackRock, Kirby Brendsel, sustainability initiatives lead at Welltower and Scott Krohn, treasurer of Verizon. The panel was moderated by Genevieve Piche, head of ESG solutions at Wells Fargo, the meeting’s sponsor. While moderating the session, Ms. Piche was able to jump in and share…
COVID-19Treasury Management
June 10, 2021

Hard Work: Creating a Flexible Workplace Combining Office and Remote

Finance teams balancing worker desires and corporate needs favor hybrid models, but the details are a work in progress.Companies’ timelines for returning to the office vary widely, according to assistant treasurers at recent meeting of NeuGroup’s Assistant Treasurers’ Leadership Group. Some are scheduling returns imminently while others only tentatively plan to return next fall. There was consensus, however, that requiring everybody to come back all at once is probably no longer feasible. Still, remote work’s advantages are likely outweighed by…
ESGRisk Management
June 10, 2021

Want to Add Value? Get Creative

An internal auditor explains how he’s been able to not only provide assurance but also add value in other ways.Even before the onset of the pandemic, the scope of just about all corporate functions was widening. New regulations, new technology and new cultural trends (read: reputational potholes) all tended to have people doing more with less. That’s why creatively sharing the load can work best and where one function, internal audit, has found it can add extra value. This was…
Capital AllocationESG
June 10, 2021

Balancing Act for Energy Firms: ESG vs. Capital Returns, Discipline

More takeaways from a NeuGroup pilot meeting of oil and gas treasurers weighing the role of finance in energy transition strategies, conducted in partnership with Societe Generale.By Joseph NeuOur discussion with oil and gas treasurers validated that there is a strong belief that investors (and especially on the bond side) want capital discipline and not just a commitment to ESG initiatives. ESG mandates are sold as an indicator of strong returns, especially in the long run; so if companies underperform…