All Posts By

Justin Jones

BankingRegional
June 28, 2023

A Mutiny Fizzles, the Challenges Endure for Corporates in Russia

Companies face pressure to reduce bank balances at Raiffeisen Bank, higher bank processing fees and new sanctions. The dramatic showdown that unfolded in Russia over the weekend threatened to further complicate the challenges facing multinationals still operating in the war-torn region amid sanctions and countersanctions. Some are members of the NeuGroup for Russia-Ukraine Crisis working group, including companies that transport food commodities and medical supplies. One member trying to get ahead of the potential fallout from the apparent mutiny requested a session…
Justin Jones
Love0
Cash & Working CapitalCryptoThe NeuGroup Insights Interview
June 28, 2023

Accept Crypto as Currency? What Airbnb Asked Before Answering

Airbnb treasurer Brian Moore explains, in a video clip, the travel company’s cost-benefit analysis of cryptocurrency. In January 2022, Airbnb CEO Brian Chesky received 4,000 responses from Twitter followers after asking for suggestions on what the travel company could launch that year. No. 1 on the list: crypto payments. Flash forward a year and a half, and Airbnb does not accept cryptocurrency from customers or use crypto to pay hosts. At least not yet. In a video clip from a forthcoming Strategic Finance Lab podcast interview,…
Justin Jones
Love0
BankingCapital MarketsTechnology
June 22, 2023

Best of NeuGroup Insights, First Half of 2023

Technology, the banking crisis and uncertainty about interest rates created challenges and opportunities for treasury, FP&A and other finance teams, reflected in these top-10 posts, which include a podcast and a video. Telling topics. The 10 most popular posts from NeuGroup Insights from the first half of 2023 provide a clear window into how finance teams throughout the Office of the CFO—such as treasury and FP&A—have stepped up this year and managed new, complex risks posed by the banking crisis…
Justin Jones
Love0
Capital Markets
June 14, 2023

High Rates Boost Allure of Upgrades to Investment Grade Ratings

Companies on the cusp of IG may want to push for an upgrade and sacrifice some flexibility amid higher interest rates. The surge in interest rates to 15-year highs has treasury teams at companies with credit ratings on the brink of investment grade (IG) grappling with an important decision: Should they push to achieve IG status or maintain the financing flexibility of being just below IG—an easier choice when Fed Funds rates were near 0% vs. 5% today. One treasurer…
Justin Jones
Love0
Banking
June 14, 2023

Finding a Post-M&A Legacy Bank Account Benefit in SVB’s Failure

A multi-beneficiary account opened amid SVB’s demise may help ease future M&A legacy bank account pain. Silicon Valley Bank’s failure in March set off a mad scramble at corporates with funds at the bank, including one NeuGroup member company that found itself exposed to risk from legacy SVB accounts inherited through M&A deals. A solution the company adopted, suggested by one of its main banks, may offer some relief to the pain caused by legacy accounts that many treasury teams…
Justin Jones
Love0
Risk ManagementTalking Shop
June 14, 2023

Talking Shop: How Many Pages Is Your Internal Audit Charter?

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Context: International standards followed by The Institute of Internal Auditors (IIA) require that companies review their internal audit (IA) charters annually. An IA charter provides organizations with a “blueprint for how IA will operate” and helps audit committees (ACs) “clearly signal the value” they place on IA’s independence, according to the IIA. The professional association says an IA…
Justin Jones
Love0
BankingRegional
June 8, 2023

SVB, Stress Tests and Stigma: Bank Treasurers on Lessons Learned

Liquidity, collateral, the Fed’s discount window and regulators spark talk following the collapse of Silicon Valley Bank. The banking crisis of confidence sparked by the collapse of Silicon Valley Bank (SVB) in March has pushed many members of NeuGroup for Regional Bank Treasurers to revisit, review and—in some cases—rethink aspects of liquidity stress testing and contingency funding plans. Among the most discussed topics: where collateral is pledged, communication with regulators and the stigma of using Federal Reserve borrowing programs like the discount…
Justin Jones
Love0
BankingCash & Working Capital
June 8, 2023

FedNow’s July Debut: New Focus On Instant Payment Use Cases

What corporates are saying about the Fed’s instant payment system and what it may mean for them.Blockchain proponents may be promising a bright future of limitless payments made in seconds, but traditional payments infrastructures are providing real-time alternatives today. Next month, the US Federal Reserve will launch FedNow, a payments system that enables USD payments of up to $500,000. The service will join the RTP network, a real-time payment platform owned by The Clearing House and launched in 2017, as an instant payments option.…
Justin Jones
Love0
Cash & Working CapitalFP&A
June 1, 2023

Visualize, Itemize, Prioritize: Growing Through Cost Reduction

FP&A at one company supports self-funded strategic investments by “relocating” expenses to growth projects. In this challenging economic environment, many companies are cutting costs. However, depending on how they are executed, budget-tightening efforts can backfire by sabotaging top-line growth. At one NeuGroup member company determined to avoid that, leadership adopted a unique mindset. Instead of making arbitrary or across-the-board cost cuts, it is reassigning or “relocating” expenses to free up funds for growth projects. In 2021, the corporate set ambitious…
Justin Jones
Love0
Risk ManagementThe NeuGroup Insights Interview
June 1, 2023

Wanted: Strategic CFOs Who Drive Revenue, See Risk Holistically

The founder of CFO.University envisions finance teams that use analysis skills to drive sales while taking a wide view of risk. In the newest episode of NeuGroup’s Strategic Finance Lab podcast, Steve Rosvold, the founder and chief learning officer of CFO.University, shares a vision of the future for chief financial officers and the teams they manage, including FP&A. It’s a future where finance organizations use their expertise at analysis to mine insights from data and add more strategic value to corporates, in part by focusing…
Justin Jones
Love0

Connecting Every Finance Professional Who Wants To Share And Learn

Learn more

Knowledge Exchange

About

Need help?

©2024 - NeuGroup, Inc.

Privacy Policy