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Justin Jones

Capital MarketsESG
November 3, 2021

Drilling for Clarity on How ESG Factors Influence Credit Ratings

Oil and gas sector analysts are scrambling to explain to energy companies the link between ESG scores and credit risk.The momentum behind ESG mandates and the conviction that companies committed to sustainability represent better investment risks have put pressure on ratings agencies to reconcile traditional credit ratings with ESG scores. This reconciliation has become more challenging as the agencies themselves begin to offer ESG scores or ratings as well as sustainability assessments. One approach is to explain in more detail…
Justin Jones
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Cash & Working CapitalTechnology
November 3, 2021

Food for Treasury Thought: A Recipe to Set Minimum Cash Levels

One high-growth tech treasurer shares the multiple ingredients he uses to cook up a cash level that hits the spot. Every corporate treasurer needs to have a point of view about the level of cash their company should keep on hand.  Too much and activist investors may begin targeting the company’s stock. But wind up with too little to weather an emergency and the treasurer could be looking for a new job.   Members of NeuGroup for Growth-Tech Treasurers tackled this…
Justin Jones
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Treasury Management
November 3, 2021

True Grit in Treasury: Hiring People With Perseverance and Passion

Hear Medtronic FX risk manager Tim Husnik explain why grit is an essential quality.Medtronic senior treasury director Tim Husnik is proud that everyone on the FX risk management team he leads innovates, solves problems, experiments, creates and builds. He says that’s a big change from the days when treasury was viewed as a tactical team, rather than the strategic partner it is today. In the video interview below, he says that to find talent with the right stuff, he looks…
Justin Jones
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NeuGroup News
November 1, 2021

Control Rod: Using Innovative Ideas to Move Beyond Best Practice

Medtronic treasurer Tim Husnik shares another NeuGroup Advantage: innovation. Achieving best practice is one thing. Being exceptional is another. For Medtronic senior treasury director Tim Husnik, fostering a culture of innovation has proved successful at boosting the company beyond best practice, which he considers the baseline.“I hate to say this, but best practice is just like being average. You’re as awesome as the most average multinational corporation,” Mr. Husnik said. “It’s not quite aligned to our company mission of being…
Justin Jones
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Technology
October 28, 2021

A Fintech Embedded in Treasury: On the Path to the Future State

How a mega-cap tech company’s treasury is using its dedicated fintech team to push transformation.Treasury teams at large, multinational companies committed to creating a cohesive, global road map for digital transformation, automation and straight-through processing should consider lobbying the C-suite for a dedicated technology team that sits within treasury. That takeaway emerged at the fall meeting of NeuGroup for Mega-Cap Treasurers during a session titled “Fintech as a Powerful Force for Treasury” featuring the experience of one NeuGroup member company.“I…
Justin Jones
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COVID-19FP&A
October 28, 2021

Forecasting in the Fog: FP&A Teams Become a Lighthouse—And a Rudder

With supply chains still in flux and Delta not quite in the rearview, FP&A teams need to shine a brighter light on future developments.The pandemic rendered most corporate budgets and forecasts obsolete, and FP&A had to quickly step in to provide some visibility into future performance.  According to peer group leader Brian Kalish, the Covid-19 pandemic was like “a bank of fog rapidly and unexpectedly engulfing a ship at sea.” Teams must now find new ways to pilot the ship…
Justin Jones
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FXTalking Shop
October 28, 2021

Talking Shop: Balance Sheet Hedging and the Efficient Frontier

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: “Does anyone use efficient frontier in the balance sheet hedging program, i.e., consider the correlations between the currency pairs to determine the hedge ratio? I would like to learn how that works in practice.” Peer answer 1: “We do an efficient frontier light, I would say. We have different hedge…
Justin Jones
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BankingTreasury Management
October 21, 2021

Rough Road: Overcoming Post-Merger Integration Hurdles and Headaches

Insights and lessons from two ATs who confronted challenges including culture and tight deadlines. Low interest rates and plenty of cash on their balance sheets suggest large multinational companies will continue growing through M&A, challenging even experienced assistant treasurers (ATs) who tend to handle many finance-related integration issues. Two ATs of companies at the tail end of mergers each recounted at a recent meeting the long list of projects they faced to integrate elements of the merging businesses, including treasury management…
Justin Jones
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Cash & Working CapitalFXTechnology
October 21, 2021

Closing Loops: Connecting FX Hedging and Cash Forecasts

How one member uses Cashforce to save time and money on FX trades—and helped create an automated hedging process.One assistant treasurer at a recent NeuGroup virtual interactive session said that her primary project for 2021 is “to make treasury as no-touch as possible.” This is a common theme for treasurers recently, though it’s not always clear where to start. Her first step was to seek potential connections in existing processes and platforms—which led to an overhauled and streamlined process for foreign…
Justin Jones
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COVID-19Treasury Management
October 21, 2021

Work in Progress: Finance Teams Strive to Make Hybrid Models Work

The gradual and partial return to offices in a hybrid work world presents challenges and some potential opportunities. The hybrid work model many corporates were leaning toward last spring as the vaccine rollout began and infection rates dropped appears to have solidified as companies confronted the curveball sent by the Delta Covid-19 variant. Some treasury team members are itching to return while others are lobbying to stay home; with staff turnover reaching all-time highs at some companies, it’s critical to find…
Justin Jones
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