Cash & Working CapitalFP&A
September 16, 2021

Here and Now: The Benefits of Right-Time Finance for FP&A

At a time when agile enterprises are in favor, OneStream suggests finance functions live more in the moment.Accounting functions tend to look backward, with reporting that’s subject to close processes and consolidation. Planning and forecasting, on the other hand, is looking forward, seeking to support business partnerships by helping managers predict what’s coming. Covid—especially the early period of the pandemic, which was arguably the most forecasted and re-forecasted period in modern history—has helped emphasize the importance of focusing more on…
Risk ManagementTechnology
September 16, 2021

Financial Risk Reporting: A Spectrum of Committees and Dashboards

Chatham Financial and members of NeuGroup for Life Sciences Treasurers discuss varying ways to report on risk.One size does not fit all when it comes to how, why and when treasury teams at multinationals interact with financial risk committees of the board of directors—assuming a corporate has a financial risk committee. A fair number don’t. That subject and the risk management dashboards treasurers need, want and use to report to financial risk committees, audit committees and the CFO were part…
September 16, 2021

A Bank Connectivity Crystal Ball: The Future Promise of Open APIs

Perspective on where APIs are adding value from a global bank that’s ahead of the curve.A banker at a top US global bank invited to a recent session of NeuGroup for Global Cash and Banking said real-time balance (intraday) reporting is the bank’s most popular API, followed by payment transaction tracking. Regarding “as a service” offerings: Real-time reporting will be part of the bank’s larger vision for reporting as a service to provide real-time balances and FX rates.That will be…
BankingTalking Shop
September 16, 2021

Talking Shop: Selecting Signatories on Global Bank Accounts

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: “The signatories on your global bank accounts are most accurately reflected by which of the following choices?” Treasury staff only.Treasury staff plus non-treasury staff in the region of the account.Non-treasury staff who are in the region of the account. Peer responses: Peer answer 1: “We have split the global treasury…
NeuGroup News
September 10, 2021

Connected by NeuGroup: NFT Frenzy

How NeuGroup aided in one member’s journey from crypto novice to NFT expert.   When one assistant treasurer had only six weeks to prepare for his company auctioning a nonfungible token (NFT), he had to become an expert—fast. So he turned to his fellow NeuGroup members for their expertise, advice and cautions, and turned his inexperience into a success story.  Peer group leadership. The member turned the leader of his peer group, who set up a meeting within a just a few days with two treasurers who had experience in the area.   “I got to talk to a few members and figure…
September 9, 2021

Diving Into the NFT Deep End: Auctions, Crypto Risk and ESG Concerns

One AT helped marketing capitalize on the nonfungible token craze while minimizing financial and reputational risk.Amid all the buzz and flurry of headlines around nonfungible tokens (NFTs), the actual process of creating, selling and maintaining them is somewhat cloudy. When one NeuGroup member was thrown into the deep end by his company’s marketing team, he had only six weeks to swim his way to the surface and prepare treasury for a public NFT auction. NFTs are unique digital assets that…
Capital MarketsCash InvestmentsCrypto
September 9, 2021

Hunting for Yield With Crypto-based Lending Amid Regulatory Fog

Corporates seeking better returns on cash by lending crypto weigh falling rates and regulatory uncertainty.News this week that the SEC is investigating Coinbase Global over a lending program and may sue the company could have a chilling effect on corporates that were considering buying and then lending cryptocurrency to pick up yield. But the fact remains that corporate treasuries have been challenged for years to find investments in which to park cash that provide attractive, positive returns.And a small but increasing…
September 9, 2021

Tapping APIs to Power Better Bank Connectivity

Progress on connectivity with APIs starts with payments and administrative efficiency, GCBG members learned at a recent meeting.Members of NeuGroup for Global Cash and Banking got a realistic assessment of the state of bank connectivity with open APIs at a recent meeting sponsored by ION Treasury, a top provider of treasury management systems. ION’s perspective, an example from a member company and comments from a global bank considered ahead of the curve with APIs provided a view of the current…
FXRisk ManagementTalking Shop
September 9, 2021

Talking Shop: Measuring Counterparty Exposure on Outstanding Trades

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: “For companies that trade derivatives on a non-collateralized basis, how do you measure your exposure to counterparties on outstanding trades (e.g., impact from one standard deviation movement?) and how is this factored into your overall counterparty risk assessment? “We are currently looking to move away from collateral postings on our…
NeuGroup News
September 8, 2021

Fall Into Second-Half Meetings With NeuGroup

As the weather starts to cool and the calendar changes, a look at what’s ahead.  NeuGroup’s second virtual meeting cycle of 2021 begins tomorrow, September 9, with a meeting of NeuGroup for Mega-Cap Treasurers, and will run for the next few months, gathering corporate treasurers and finance professionals from across the world to share and learn in the NeuGroup experience.  So what else lies ahead? Take a look at the member-only sessions coming just this month and visit our events page to learn more.  Around the group.  NeuGroup for Mega-Cap Treasurers. On September 9, mega-cap treasurers…