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Justin Jones

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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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BankingTechnology
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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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