November 12, 2020

Retailers Connect With Customers Using Touchless Payments

Smartphone apps, some using QR codes, give customers another way to pay without touching keypads or swiping a card. Members at a recent meeting of NeuGroup for Retail Treasury reported a significant drop in cash transactions since the start of the pandemic, and some are turning to what they’re calling touchless methods of payment to meet consumers’ needs. These innovations depend on using smartphone apps and the internet instead of so-called contactless payments including Apple Pay and Google Pay. Those require a device…
Talking ShopTechnologyUncategorized
November 12, 2020

Talking Shop: Making Interactive Dashboards With Power BI and SQL

Member 1: “I was encouraged to hear that others are using SQL (structured query language) + Power BI tools to automate reporting and develop interactive dashboards. We have been on a journey the last three years to do the same and would welcome a breakout discussion on best practices and forward looking vision for using these tools.”Member 2: “I’d be more than happy to share what we’ve developed and are working on! SQL is a great way to start in BI;…
ESGInvestment Management
November 12, 2020

Navigating Prime Funds and Social Impact Investing

Key takeaways from the Treasury Investment Managers’ Peer Group 2 2020 second-half meeting, sponsored by DWS. By Joseph NeuReclaiming prime funds. Members are still skeptical of prime funds, yet they would not have been sorry had they kept their cash in them through the Covid crisis. Prime funds could be helped going forward by some tweaks to the money market reform regulations concerning gates and fees, plus a pickup in CP issuance next year. However, what prime funds may really need…
NeuGroup News
November 10, 2020

Tech20 Alumni Tell How the Group Helped Them

Alumni Zoom-ins to ‘20 Years of Tech20’ celebration tell the story of peer helping hands. By Joseph Neu. One truly special aspect of last week’s Tech20 Treasurers’ Peer Group 20th Annual Meeting, sponsored by MUFG, was the Alumni cameo Zoom-ins. Former members stopped by to share their favorite Tech20 memory, yet what came through most memorably is how the group helped them while they were members in treasury roles. With the success they were able to show as treasurers, they…
Cash & Working CapitalTechnologyTreasury Management
November 10, 2020

Taking a Hard Look at Structure, Resources and Where to Rationalize

A cash manager with staff across the globe considers how technology may reshape and resize his team.  Strategically important goals are the new organizational focus for one NeuGroup member who leads a cash management team of nearly 50 people at a sprawling global company that has a new CEO. At a recent meeting, the member described the structure and responsibilities of his staff today and how rationalization and an increased focus on technology may change his use of resources in the future.…
BankingCapital Markets
November 10, 2020

Time to Talk Revolving Credit as Signs of Recovery Emerge

Banks are eager for business as loan markets improve and more M&A dialogue takes place.Debt and loan markets are still in repair mode as they were back in April, so it’s time for corporates to talk to their relationship banks about their credit needs, particularly as it relates to revolving credit. That’s according to Jeff Stuart, EVP and head of capital markets at U.S. Bank.Revolver trends. Mr. Stuart, presenting his view of revolvers and more at NeuGroup’s Assistant Treasurers’ Leadership…
BankingTalking Shop
November 10, 2020

Talking Shop: Should You Bank Where Your Customers Bank?

Member question: “This question is about the cultural practice of banking where our customers bank. With today’s technological abilities this makes no sense to me. Do other companies have this practice? Has anyone had success in changing this behavior pattern of banking where your customer banks? “The example I am currently dealing with is in Korea, where large customers use and although they are not a preferred bank partner, we seem to be using them because these customers bank there…
ESGRegionalTreasury Management
November 10, 2020

The Benefits for Tech of Having More Than One Headquarters

Key takeaways from the Tech20 Treasurers’ Peer Group 20th Annual Meeting, sponsored by MUFG. By Joseph NeuTreasury at multiple headquarters. Technology companies, whether megacaps or midsized, are experimenting with multiple headquarters which will resume as work from home phases out. Treasury will be represented across them, even within the US. Cost and competition for talent are drivers, but also diversity; it can be more challenging to get people of color to move to expensive and majority-white communities where US tech firms…
NeuGroup News
November 6, 2020

Perfect Fit: NeuGroup Members Connect with Chatham to show Assistant Treasurer Leadership

Members Share and Learn on Common High-Priority Issues in Perfect-Fit Meeting Agenda. At the start of last week’s meeting of NeuGroup’s Assistant Treasurers’ Leadership Group, members began by sharing their current highest priority projects with one another to see where everyone stands. And thanks to the member-led planning team, the many common threads that emerged among this conversation each had their own session in the meeting agenda, allowing time for members to share and learn in the NeuGroup Process. The…
Investment ManagementRisk ManagementTechnology
November 5, 2020

Data-Driven Decisions Aided by Dashboards and Scorecards

A NeuGroup member describes his money market fund dashboard and investment manager scorecards.Dynamic dashboards that help corporates leverage data to make better decisions are becoming essential tools for finance teams committed to tapping technology to transform. Some companies in the NeuGroup Network are generating envy by using in-house tech talent skilled in programs such as Python to create dashboards, while other members are turning to Power BI or Tableau to ramp up.But a recent meeting of treasury investment managers underscored that…