How one global logistics company transformed its bank connectivity through the implementation of the TIS cloud platform. When the director of treasury solutions at a multinational corporate was tasked with leading a migration to a cloud-based ERP, he seized the opportunity to also implement TIS, which acts as a hub that centralizes bank connectivity and payment file generation. Previously, the company relied on a tangled web of bank accounts and users connecting to them mostly through bank portals and a few host-to-host…
Designing a structure to help FX hedging effectiveness, address tax and regulatory issues, and reduce leakage. Establishing centers of excellence or global capabilities centers is one way a growing number of multinational corporations are transforming themselves into more efficient enterprises that tap skilled talent in overseas markets with lower labor costs to perform value-added services. These corporates must make decisions about where to locate the centers, their functional currencies, how to fund them and how they invoice the parent or…
Bristol Myers Squibb’s Bill Brewer on what treasury can learn about risk with an auditor’s mindset and perspective.Effective financial risk management is a fundamental component of how treasury delivers value to a business. And treasury’s skills managing risk have been put to the test repeatedly and profoundly in the last few years amid the pandemic, spiking interest rates, bank failures, wars and more. At Bristol Myers Squibb, treasury has risen to the challenge thanks in part to the expertise of a…
April 10, 2024
NeuGroup Members on 3 Fed Rate Cuts in 2024: Fuhgeddaboudit!
In a late March poll, Capital Markets members expected one, two or no cuts—a view increasingly held by the market. On the same day in late March that the Federal Reserve signaled it still expected to cut interest rates three times this year, almost none of the members of NeuGroup for Capital Markets polled at their spring meeting sponsored by HSBC believed that would happen. Call them prescient, perhaps: the poll came weeks before March jobs data and Wednesday’s hot inflation report pushed more investors and economists…
Feeling pressure to cut costs, FX leaders are leveraging tools to determine which currency pairs to hedge and when. Reducing the cost of FX hedging requires a multifaceted approach that integrates technology, data analytics and collaboration across various business functions. With the right strategy and tools, companies can mitigate risks effectively while reducing expenses in an increasingly volatile global marketplace. At last month’s summit meeting of NeuGroup for Foreign Exchange sponsored by Chatham Financial, FX managers emphasized the need for hedge optimization tools…
Sheila Quintus is a believer in service and treasury’s critical role in enabling Medtronic to fulfill its medical mission.Medtronic treasurer Sheila Quintus has a deeply-held belief in service that makes working at a medical device and technology company whose primary mission is to contribute meaningfully to human welfare a natural fit. She sees treasury’s purpose as connecting the fulfillment of Medtronic’s central mission with the need to deliver strong financial performance that will support growth. In a new NeuGroup video you can watch by…
Promoting people in finance who want strategic roles can be challenging if they find some CFO duties unappealing.By Joseph Neu During the first peer group meetings of NeuGroup’s spring season, I have been listening intently for signals indicating how finance functions are changing course. One trend may be the strengthening of strategic finance roles under the CFO. This development arises in part because not everyone who is drawn to strategic, value-enhancing roles wants responsibility for everything in a CFO’s job…
Fintech founders Ed Barrie, Steve Helmbrecht and Nathan Brown explain what compelled them to reunite. The most sophisticated finance and treasury teams are ahead of the curve in turning heaps of data into actionable insights, often with the aid of visualization tools that tell a story better than just facts and figures. A fintech called Treasury4 wants to make data-driven decision-making more accessible than ever for corporates of any size. In the newest episode of NeuGroup’s Strategic Finance Lab podcast—available now on Apple and Spotify, and sponsored…
March 27, 2024
A Shared Vision for Diverse-Owned Firms: Verizon and Amazon
Treasury leaders at the two companies urge peers to aim high in providing meaningful opportunities to diversity firms. In the last several years, treasury team leaders at NeuGroup member companies Verizon and Amazon have stood out for their determination to provide meaningful opportunities and fee income in capital markets transactions to banks and brokerage firms with women, Black, Latino and veteran owners. These members have also been outspoken about how their actions in this sphere of influence align with wider corporate goals. A recent…
March 21, 2024
Joseph Bertran Joins NeuGroup as Senior Director of Research
NeuGroup is thrilled to welcome Joseph Bertran as Senior Director of Research. Drawing on more than 16 years in research, data analytics and consulting, Joseph will be responsible for leading and executing NeuGroup Peer Research projects grounded in survey data and analysis flowing from a network of more than 800 peer group members at more than 250 global corporations.NeuGroup’s research results, presentation decks and white papers allow finance professionals to benchmark against each other, share best practices and turn validated…