NeuGroup News
October 9, 2020

NeuGroup Debuts a Group for High Achievers and a Middle East Business & Treasury Roundtable

A pilot meeting for NeuGroup for High Potentials takes flight and a roundtable for professionals in the Middle East kicks off. NeuGroup this week held two first-of-their kind meetings: A Middle East Business & Treasury Roundtable sponsored by Standard Chartered, and a meeting of NeuGroup for High Potentials, which brought together high-potential employees identified by NeuGroup member companies. The Middle East and beyond. A dynamic virtual meeting offered Standard Chartered’s clients in the Middle East and members of NeuGroup in…
October 8, 2020

Taking the Right Steps on the Road to Robotic Process Automation

A risk manager warns that RPA should not be used a Band-aid.One NeuGroup member recently described to peers the benefits and challenges of using robotic process automation (RPA) and robotic desktop automation (RDA), a form of RPA that requires humans to trigger an action performed by a bot. The member adopted automation to document trades his team previously input manually into its treasury management system (TMS), a time-consuming task that also introduces the possibility of human error. The new process, using software from UiPath, has…
BankingCapital MarketsCOVID-19
October 8, 2020

Why Some Bankers May Root for a Democratic Sweep

Founder’s takeaways from the Bank Treasurers’ Peer Group’s first fall meeting. By Joseph NeuMembers of the BTPG have been meeting in the spring for 16 years running, and debuted their Fall Edition meeting this week, sponsored by Morgan Stanley. Here are a few takeaways I want to share. Banks have enough capital. The expectation is that US banks will pass the next two stress tests, even with with Covid-19 inspired stress scenarios, indicating everyone is well capitalized. This will free up buybacks and…
COVID-19TechnologyTreasury Management
October 8, 2020

Tonic for Zoom Fatigue: Shorter Meetings—and a Day Without Them

NeuGroup Members discussed their approaches to making WFH situations more palatable.“Six hours on Zoom is like 10 hours in the office,” one treasurer of a mega-cap company said during a recent NeuGroup meeting (yes, a Zoom meeting), quantifying a feeling about the side effects of virtual meetings. Almost everyone who has been working from home for seven months knows what she means. At the same meeting, another treasurer said he is encouraging his team “not to book 30-minute calls, to…
Cash & Working CapitalCOVID-19Risk Management
October 8, 2020

Retailers Assess Capital Structure Amid Signs of Rebound

As the economy revives, companies pay down revolvers, resume buybacks and assess counterparty risk. At a recent NeuGroup meeting of treasurers at retailers, sponsored by U.S. Bank, members discussed stock repurchase programs, paying down revolvers and monitoring the impact of capital structure changes on leverage ratios and credit ratings. Members discussed moving from preparing for worst case scenarios in April and May (by increasing liquidity, initiating new revolvers) to more recent moves made in anticipation of returning to more normal operations.…
Cash & Working CapitalTechnology
October 6, 2020

Transforming Treasury: The Power of a Data Warehouse and BI Tool

How one tech company is making use of better centralized data to improve forecasting. Better data makes for better forecasts, reporting and data analysis. At a recent NeuGroup meeting, one member of a large technology company’s treasury team described the results of a two-year project to create a global treasury data warehouse to raise its data game. The company’s vision: a centralized data repository with BI reporting that integrates and organizes bank statement, market, ERP and forecasting data.The benefits of warehouses: data…
ESGInvestment Management
October 6, 2020

Impact Investing: Supporting Underserved Communities with Customized Loans

RBC’s customized investments help corporates reach specific groups and areas. Increased attention on persistent racial disparities in wealth, income and home ownership in minority communities is motivating many corporates to look for new ways to make a difference through investments and deposits. At a recent Visual Interactive Session, one NeuGroup member described the benefits of impact investing using a tailored and targeted approach offered by RBC Access Capital, part of RBC Global Asset Management. “With the RBC team, we were able to develop…
BankingCapital MarketsESG
October 6, 2020

A Green Bond Deal With Environmental and Social Benefits

Founder’s takeaways from the Treasurers’ Group of Mega-Caps 2020 H2 meeting. By Joseph Neu A green bond that moves the needle on E&S. One member shared insight from his company’s recent green bond offering that included a pair of African-American-owned investment banking firms among the four lead underwriters.   Not only is this member company breaking new ground with its second green bond, leveraging the experience and reporting infrastructure established with the first, but it is paving the way for further diversity firm involvement in this important issuance segment by…
NeuGroup News
October 2, 2020

Women in NeuGroup Meet Virtually To Discuss Sponsors, Advancement and Working From Home

Sponsor Deutsche Bank and more than 50 women in finance shared insights and advice on managing careers at the latest WiNG event.   A record number of women—55— participated in Women in NeuGroup (WiNG)’s fifth event, hearing insights from speakers at companies including GE and P&G and sponsor Deutsche Bank. Much has changed since WiNG took flight in 2019 with three in-person meetings, but NeuGroup’s mission remains the same in this new, virtual world: To offer women in treasury and…
Cash & Working CapitalESG
October 1, 2020

Dangling Carrots in Supply Chain Finance to Boost Sustainability

HSBC’s SCF incentives help a big retailer make progress on sustainability goals.The pandemic has prompted companies to pay more attention to their supply chains, to support key suppliers and make them more resilient and sustainable. A recent HSBC survey found that 70% of companies want to improve control over supply chains, half seek more transparency, and a third want to accelerate making them more environmentally sustainable, planning investments over the next 12 to 18 months to do so.The assistant treasurer…