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Justin Jones

D&ITreasury Management
February 17, 2022

How Companies Can Hire and Retain More Black Finance Professionals

Advice and insights on how corporates can better recruit Black candidates and support their career advancement.Finance leaders and hiring managers committed to diversity and inclusion (D&I) and increasing the number of Black people on treasury and other teams reporting to CFOs need to embrace new ways to recruit and hire Black candidates while creating a corporate culture that welcomes Black employees, encourages them to stay and supports their advancement. That’s among the key takeaways from comments by finance professionals speaking…
Justin Jones
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Capital MarketsPension and Benefits
February 17, 2022

Supreme Court Decision Sparks Fiduciary Concerns for 401(k) Plans

NeuGroup members in charge of DC plans discuss implications for ESG investment options and record-keeping.NeuGroup members who oversee corporate 401(k) plans are weighing the fiduciary implications of a recent Supreme Court ruling in favor of employees of Northwestern University who claimed their defined contribution (DC) plan charged excessive fees and offered confusing investment options. The unanimous decision said a lower court erred in ruling that because Northwestern’s plan included diverse investments, the workers could not sue over fees tied to…
Justin Jones
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Cash & Working CapitalTechnology
February 17, 2022

Accuracy and AI: A New Cash Forecasting Tool Proves Its Worth

HighRadius helps one company with thousands of projects and a complex revenue stream better forecast cash. A new tool to improve cash forecasting can be a tough sell to management, given the intangible returns. It becomes easier, however, if the solution improves accuracy by more than 50%, and even easier if the vendor contractually agrees to achieve a certain level of improvement or discontinue the relationship—no strings attached. “It’s very hard to put a dollar amount on the positive impact of…
Justin Jones
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D&IInvestment Management
February 10, 2022

Investing in Black Communities: Impact of ServiceNow’s $100M Fund

ServiceNow treasurer Tim Muindi reviews how a racial equity fund is making a difference.A year ago during Black History Month, ServiceNow’s Tim Muindi—a senior treasury director at the time—shared with other NeuGroup members his role in launching a $100 million racial equity fund managed by RBC Global Asset Management. The fund’s objectives centered on boosting homeownership, affordable housing and entrepreneurship in 10 Black communities where ServiceNow employees live and work. A year later, Mr. Muindi—now the software company’s treasurer—sat down…
Justin Jones
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TechnologyTreasury Management
February 10, 2022

Tight Labor Markets and Talent Development: A Treasury Disconnect?

The labor market is treasury’s top risk, but aligning talent with business needs is its No. 4 priority. Is that a problem? It may not shock anyone that treasurers say a tightening labor market is the top risk they face this year (see chart), according to the January 2022 NeuGroup Member Agenda Survey. More intriguing: the same treasurers rank aligning the skills of their team members with business needs just fourth among their top objectives. No. 1 on that list: collaborating…
Justin Jones
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Capital AllocationTalking Shop
February 10, 2022

Talking Shop: Optimizing Models for Capital Structure and Allocation

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. This exchange is from NeuGroup for Growth-Tech Treasurers. Member questions: “I am working on optimal target capital structure (debt/equity mix) analysis and framework. Any ideas on approach/model? “I’m also working on creating a capital allocation policy and framework. Any sample allocation policies and framework approach or model ideas would be great.” Peer answer 1: “There are several…
Justin Jones
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BankingD&I
February 3, 2022

Opening Doors: Giving D&I Brokerage Firms More Meaningful Roles

More corporates are expanding the parts played by diversity firms beyond sharing deal economics with bigger banks.Corporates committed to the long-term success of brokerage firms that are owned and run by Black and Hispanic people as well as women and veterans are going to greater lengths to give these so-called diversity firms not only fees, but more meaningful roles in capital markets transactions. That key takeaway emerged at a late January meeting of the NeuGroup for Diversity and Inclusion working…
Justin Jones
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BankingRegional
February 3, 2022

Russia Sanctions Strategy: Corporates Prepare for Disruptions

Members at a special NeuGroup session discuss banks, dividends, SWIFT payments and more amid Russia-Ukraine tensions.Cross-border payments with SWIFT, relationships with local and foreign banks and repatriating funds are among the key focal points of corporate treasury teams planning for possible US and EU sanctions if Russia attacks Ukraine. That takeaway surfaced Wednesday at a NeuGroup session on contingency planning attended by more than 80 members—a packed virtual house that shows the significance of the situation for corporates with business…
Justin Jones
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Capital AllocationTechnology
February 3, 2022

Let’s Get More Strategic: Treasurers’ Top 2022 Priorities

A new NeuGroup survey reveals that treasurers are focused on driving company growth.Treasurers at the world’s leading companies are doubling down on their commitments to expand beyond traditional areas like liquidity management and spend more time in strategic zones. That’s among the key takeaways from the January 2022 NeuGroup Members Agenda Survey. In it, respondents picked their top three objectives from a list of 11. Their answers, shown in the chart above, reveal an emphasis on driving better enterprise financial…
Justin Jones
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NeuGroup News
February 1, 2022

NeuGroup and the Year of the Tiger

How tapping into our inner tiger can spur growth. Happy Year of the Tiger to all who celebrate the Lunar/Chinese New Year. At NeuGroup’s monthly planning session on the eve of this new year, I shared with the team how tiger traits align with our 2022 growth strategy. I thought I would share some excerpts here. People born in the year of the tiger are powerful, rebellious, dynamic, adventurous, fiery, and quick to react. They also have strong ethics and are…
Justin Jones
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