CryptoRisk Management
October 7, 2021

Cryptocurrency Challenges: A Risk Manager Prepares with Peers

Insights and observations on the intersection of treasury and crypto in a video interview with Medtronic’s Tim Husnik.Medtronic senior treasury director Tim Husnik loves a challenge. So it’s no surprise that he’s giving lots of thought to what his FX risk management team and other treasury groups will need to do, and how to do it, if Medtronic customers start asking to pay for products with cryptocurrency. “There will be an intersection with treasury at some point in the future,”…
Investment ManagementTalking Shop
October 7, 2021

Talking Shop: Cash Needs in Israel, Cash Investments in China

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: “A global banking partner is discontinuing physical cash services in Israel, where our cash needs typically exceed ATM levels. “Does anyone have experience obtaining USD and ILS (Israeli new shekel) in country without opening a local bank account?” Peer answer: “Our global bank partner can offer USD and ILS accounts…
BankingTechnology
October 5, 2021

Money Is Time: How TIS Simplified One Treasurer’s Bank Connectivity

With flexibility in both bank file types and system compatibility, TIS can be the key to a “best-of-breed” approach. Fernando Tenuta, an assistant treasurer at the staffing solutions provider ManpowerGroup, knew he was in for a steep climb when he was tasked with digitizing treasury and assisting with a cloud-based ERP. But he got a lift in the form of Treasury Intelligence Solutions (TIS), a bank connectivity aggregator whose solutions are specifically designed to make this kind of process simpler.…
CryptoCyber risk
September 30, 2021

The Treasury Cryptocurrency Handbook, Chapter 1: Ransomware

Finance teams prepare for questions on crypto as corporates plan for ransomware attacks.Cryptocurrency and ransomware proved popular topics at a recent meeting of NeuGroup for Global Cash and Banking, during both the Projects and Priorities session and in a smaller breakout group. Some members are being asked how treasury plans to respond if cryptocurrency is needed in the event of a ransomware attack.Most members said their companies have no current interest in investing in or holding cryptocurrency.  A few members…
ESGRisk Management
September 30, 2021

Environmental Scrutiny: Internal Audit Takes Stock of ESG Goals

As ESG initiatives grow, audit teams work to ensure companies meet their publicized targets. At recent NeuGroup meetings, internal audit heads discussed taking the first steps at integrating ESG into their audit plans, conducting tests to ensure alignment with public statements on environmental goals. Though only a handful of members currently have ESG in their audit plan, others recognized the need and are kickstarting the process to get out ahead.ESG goals “can become a sales pitch,” one member said, adding he…
Enterprise Risk ManagementTreasury Management
September 30, 2021

Treading Carefully: Growing List of Risks Moves ERM to the Forefront

Treasury teams communicating with the board on financial risk need a common language. NeuGroup’s longstanding enterprise risk management (ERM) group has nearly doubled in size in less than a year, perhaps unsurprising given the relentless unfolding of political, environmental, health and financial risks worldwide, and global companies’ likely exposure to many of them. Assistant treasurers in a recent meeting compared the roles their treasury departments take within ERM and got insight from the head of ERM at a Fortune 500 technology…
Capital MarketsTalking Shop
September 30, 2021

Talking Shop: How Long Is Your 10b5-1 Buyback Cooling-Off Period?

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 have stringent guidelines for establishing 10b5-1 plans: A cooling-off period of 30 days between executing a 10b5-1 plan and the first trade under the plan. “The program should generally be no shorter than six months in duration and must not be ‘front-loaded’ (i.e., relatively even purchases over five months).“We’re…
Capital MarketsTechnology
September 23, 2021

The Sun Sets for Some on Easy, Shared Access to Bloomberg Terminals

Adjusting to the end of Terminal access via Bloomberg Disaster Recovery amid hybrid work. Many treasury and finance teams that relied on Bloomberg’s Disaster Recovery (DR) services to share access to the company’s powerful Terminals are adapting to the end of their access. It’s a challenge for some teams, given that many employees will continue to work from home part of the week and won’t have access to Terminals in offices.That’s leading more companies to consider replacing physical Terminals with…
Capital MarketsCompliance
September 23, 2021

Caution at the 10b5-1 Intersection: Buyback Plans and Insider Sales

Companies using 10b5-1 plans for buybacks should keep informed about possible SEC rule changes aimed at executive stock sales.The treasurer of a mega-cap tech company told peers at a recent NeuGroup meeting that he’s been hearing more “noise with regards to the SEC tightening up controls around repurchase windows” from the company’s legal team. He added, “We’re going to keep a close eye on it. We may tighten up our rules.” The very same day—Sept. 9—SEC Chairman Gary Gensler thanked…
FP&ATechnology
September 23, 2021

Expanding Horizons: Making the FP&A Mindset Cross-Functional

One member’s team streamlined its approach to forecasting with a transformation model from FP&A solutions provider Jedox. FP&A teams use data analysis to help companies understand their finances and plan for a long term future—but why limit this to only the finance group? At a recent meeting of NeuGroup for Financial Planning and Analysis, Dr. Liran Edelist, president of Jedox, shared how the company’s planning and analytics solution supports digitizing the FP&A function and broadening its scope. (Dr. Edelist has a…