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Justin Jones

BankingRisk Management
March 16, 2023

Finance Fallout: SVB’s Head-Scratching Risk Management Failure

SVB insights from NeuGroup founder Joseph Neu and senior executive advisors Paul Dalle Molle and Jerry Olivo. Financial crises like the failure of Silicon Valley Bank reveal the grit, dedication and skill of first-rate treasury and finance teams—and their ability to manage risk when battling forces they can’t control. Upheaval, volatility and uncertainty also test the mettle of NeuGroup, whose mission is to help members, sponsors and partners withstand the blows. Hours after regulators shut down SVB last Friday, the…
Justin Jones
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FXTechnology
March 16, 2023

Advancing Analytics: FX is Embracing AI and ML

Rising pressure to protect earnings from currency volatility is prompting FX risk managers to pursue more advanced analytics.Sixty-nine percent: That’s the percentage of participants in a recent NeuGroup for Foreign Exchange monthly session who are already using or are exploring the adoption of advanced analytics solutions. Their reasons include improving the quality of the FX exposure forecast, conducting scenario planning and having a more refined capability to measure hedge program performance in terms of volume, effectiveness and cost. A sweeping trend. The pursuit…
Justin Jones
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Diversity & InclusionThe NeuGroup Insights Interview
March 16, 2023

Nurturing a Finance Career and a Family: One Woman’s Journey

How Emily Backstrom of General Mills navigates career and family, and how the company supports women in finance.In this Strategic Finance Lab podcast marking Women’s History Month, Emily Backstrom, vice president for corporate finance at General Mills, shares with NeuGroup’s Nilly Essaides how she has successfully managed a 21-year career at the company, rising to her current position overseeing enterprise FP&A among other responsibilities. Ms. Backstrom also discusses the value of deciding to lean into your career at certain times and,…
Justin Jones
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Risk Management
March 16, 2023

Striking a Balance: Simplicity and Complexity in Audit Reports

How internal auditors manage audit ratings and opinions is key to clear communication with the audit committee and management.There is no one way to present an update to the audit committee (AC) of a board of directors. But there is a general consensus that internal auditors must be succinct and not drag AC members into the weeds with too many details. That takeaway emerged at a recent monthly meeting of NeuGroup for Internal Audit Executives designed to help one group member create…
Justin Jones
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Technology
March 9, 2023

Making the Leap: SAP Treasury Solutions That Run on S/4HANA

PwC insights on corporates using SAP treasury tools and S/4HANA to ease automation and data analytics. Implementing S/4HANA, the SAP ERP, and using SAP’s growing number of treasury modules is one way to accelerate treasury’s digital transformation—a route being taken by some multinationals that are deciding to forgo the use of a traditional treasury management system (TMS). PwC consultants discussed the benefits of this approach at recent NeuGroup meetings, including one that focused on the role of cloud-based ERPs and…
Justin Jones
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Capital MarketsDiversity & Inclusion
March 9, 2023

Win-win: Prioritizing D&I Firms for Share Repurchase Programs

Many NeuGroup members say diverse-owned firms excel at open market share repurchases. A long-simmering debate over share repurchases is heating up, generating headlines featuring President Biden and Warren Buffett. But there is no debating that stock buybacks remain a hugely significant tool for corporate capital allocation: they’re projected to exceed $1 trillion in 2023. Bigger insight: Comments about buybacks by NeuGroup members at recent meetings also reveal growing agreement that diverse-owned banks and brokerage firms are distinguishing themselves on share repurchases, providing treasury teams with top-rate…
Justin Jones
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RegionalTreasury Management
March 9, 2023

Reimagining the Regional Treasury Center’s Strategic Role

Post-pandemic thinking on the role of Asian regional treasury centers, often based in Singapore.By Joseph NeuI was excited to return to Singapore in February for the first time since 2019 to address NeuGroup for Asia Treasury, a group launched in 2011 to connect member companies to this vital region. While much has changed in a dozen years, Asia in 2023 remains crucial for MNC growth plans, so the group’s bridging mission remains more important than ever. When I met with members before…
Justin Jones
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FX
March 2, 2023

Lowering the Volume on FX Noise in the P&L

Higher interest rates and economic uncertainty have treasuries taking a long look at FX risk management programs. Recent signs of economic strength and enduring inflation have raised the specter of more interest rate hikes. This does not come as a surprise to NeuGroup members: In the Treasurers’ 2023 Agenda Survey, they ranked political and financial volatility as second and third on their list of risks for this year. That’s up from fourth and fifth place in 2022. Increased scrutiny. While economic and…
Justin Jones
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Diversity & InclusionFP&AThe NeuGroup Insights Interview
March 2, 2023

A Finance Leader Balances Work, Family and Helping Other Women

In two video clips, General Mills’ Emily Backstrom shares her experience juggling work and family and describes General Mills’ Women Across Finance program. March is Women’s History Month and NeuGroup is recognizing the achievements, challenges and experiences of successful women in finance. Below you’ll find two video clips with insights from Emily Backstrom, vice president for corporate finance at General Mills. She has worked at the company for more than two decades; today, she oversees enterprise FP&A, financial capabilities and systems,…
Justin Jones
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RegionalTechnology
March 2, 2023

How Finance Creates Better Partnerships With Business in Asia

Lessons from finance leaders at NeuGroup meetings in Singapore highlight success factors for business partner roles.By Joseph NeuHow to navigate finance-business partner roles and related activities in Asia—where they really matter—emerged as an underlying theme at NeuGroup meetings in Singapore last week. Here are a few of my takeaways from lively discussions with finance leaders ranging from regional treasurers to CFOs. Translator applications. “We are a translator for global corporate strategy and business conditions in each of the regional markets,” explained…
Justin Jones
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