FXSenior Executive
May 5, 2022

Sharpen the Focus: Fostering More Productive FX Meetings

Approaches to more productive meetings include highlighting world events, more detailed program updates and updating dashboards. After a recent quarterly risk meeting, a senior leader gave this advice to one FX risk manager to improve the productivity of future meetings: Highlight only new developments and events, come with any specific asks and leave anything else to pre-meeting reading materials. Up to this point, much of the two-hour meetings consisted of a comprehensive update on everything the FX team had done…
FP&ATechnology
April 28, 2022

Technology as the Backbone of Change

The importance of harnessing big data and implementing a holistic solution to drive finance transformation and process optimization. The pandemic exposed the deficiencies in many companies’ planning processes and technology infrastructures. As events unfolded at a breakneck pace, FP&A leaders were expected to deliver quick insight to support critical strategic decisions. However, many were hampered by a lack of data visibility and inflexible and suboptimized forecasting and planning processes. According to members of NeuGroup for Large-Cap Heads of FP&A, which met in Atlanta…
BankingCash & Working CapitalRegional
April 28, 2022

Slim Down: A Bank Tells Corporates to Cut Account Balances in Russia

Settling intercompany invoices emerges as the best option for some members to quickly reduce deposit balances in Russia. A major US bank used by scores of NeuGroup member corporations in Russia has recently been making strong recommendations to some of them—in conversations, not in writing—that they find alternatives to the bank as the war with Ukraine enters its third month and the bank further reduces its exposure to Russia. This development sparked discussion among members about contingency plans and how…
FXTechnology
April 27, 2022

AtlasFX: Empowering FX Data Masters

Scott Bilter, CFO of AtlasFX, discusses how the company’s platform helps corporates manage currency risk in an interview with NeuGroup founder and CEO Joseph Neu. At a recent NeuGroup meeting, FX risk managers compared notes on which systems and technology they use to identify currency exposures and reduce risk. One member said that after weighing several options, his company picked AtlasFX, in part because its founders—Jonathan Tunney, Gavin O’Donoghue and Scott Bilter—impressed him with their subject matter expertise about FX…
Diversity & Inclusion
April 26, 2022

Women in Finance: Overcoming Obstacles and Scaling the Ladder

NeuGroup Insights’ Nilly Essaides and Société Générale’s Subadra Rajappa explore what needs to happen for more women to stay and advance in careers in finance. For every 100 men promoted to manager, only 86 women are promoted, according to McKinsey and Company’s Women in the Workplace 2021 report. But progress is being made, as 44% of companies have three or more women in the C-suite, which the report suggests could lead to gender parity in management roles within a decade.…
NeuGroup News
April 22, 2022

Celebrating Earth Day With Informed Action

NeuGroup thanks and supports members, sponsors and partners doing their part to fight climate change and promote sustainability through finance. NeuGroup is proud to celebrate Earth Day 2022 by reaffirming our company’s commitment to helping corporations and their finance teams take meaningful action to promote sustainability and reduce carbon emissions. The theme of this year’s Earth Day is “Invest In Our Planet,” a call to action that captures the imperative for individuals, businesses and government to invest time, money and…
ESG
April 21, 2022

A New Approach for Corporates Reducing Carbon Footprints: Investing in Renewable Energy Private Equity Strategies

PE funds producing returns and carbon credits may attract corporates with business, suppliers and cash in China. Mounting pressure on corporates to achieve net-zero carbon emissions or carbon neutral targets is prompting more of them to consider investing in private equity (PE) strategies focused on renewable energy assets. The trend is in its early stages, and companies need to thoroughly vet impact fund managers and understand regional investment characteristics before taking the plunge. But it’s clear that treasury and finance…
TechnologyTreasury Management
April 21, 2022

Stepping-stones to Treasury’s Future Operating Model

Treasurers seeking to align with the rest of the finance org are turning to centers of excellence and shared service centers.Shifting activities to centers of excellence (COEs) and shared service centers (SSCs) figures prominently in the plans of corporate treasury teams overhauling or refining their operating models to, in some cases, better align with the rest of a multinational’s global finance organization. That takeaway surfaced during a session at a recent meeting of NeuGroup for Mega-Cap Treasurers that featured two…
Senior ExecutiveTechnology
April 21, 2022

AI-Enabled Analytics Drives Faster, Better Decision-Making

Author Larry Maisel says advanced analytics fueled by AI helps finance teams explain why something happened, what may happen next and what action to take to prepare for it.NeuGroup managing director Nilly Essaides recently interviewed Larry Maisel, an analytics expert and president of DecisionVu, about his recently published book, AI-Enabled Analytics: A Roadmap for Becoming an Analytics Powerhouse. The book, co-authored with Robert J. Zwerling and Jesper H. Sorensen, focuses on how to leverage advanced analytics to drive unbiased and…
RegionalTalking Shop
April 21, 2022

Talking Shop: Does Anyone Have Credit Insurance in Russia? 

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] Member question: “We are assessing the risk of losing the insurance that is currently applied to our receivables that were outstanding at the time of the conflict as they are still outstanding. “Our specific interest is in any actions that your team perceives that, if taken, could give the insurance company the…