NeuGroup News
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…
FX
March 20, 2024

Navigating a Data Maze: Performance Metrics for FX Hedges

NeuGroup members debate the best methods to measure performance of foreign exchange hedges. Amid the surge of finance teams embracing data and analytics to enhance decision-making, FX managers are harnessing data to measure their hedging programs’ abilities to mitigate risk for scores of currencies, identify strategies to manage exposures, and effectively communicate pre- and post-trade results to internal and external stakeholders. At a recent summit meeting for members of NeuGroup for Foreign Exchange sponsored by Chatham Financial, a majority of members identified finding the best…
Risk ManagementTalking Shop
March 20, 2024

Talking Shop: Benchmarking Helps Move Insurance Off IA’s Plate

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]. Context: Buying insurance coverage is an important and challenging task for most corporations, a form of risk management known as risk transference. Companies purchase policies to cover losses including those from property damage, cyberattacks, claims against directors and officers, and product liability. As noted in a recent Talking Shop about workers’ compensation insurance, oversight of insurance is…
Risk ManagementTechnology
March 13, 2024

Planting Seeds: IT Auditors Aim to Harvest AI Insights From Data

The race for leveraging generative AI as a strategic advantage is on, but the ground must be tilled before the field yields results.Large language models (LLMs) like ChatGPT and Microsoft Copilot have swept through the corporate landscape as many companies have licensed or built their own internal instance of the technology. Early adopters in organizations are getting their hands dirty with these new tools, but those in the know realize that their house—the underlying data on which AI models are…
Cash & Working CapitalRegional
March 13, 2024

Trapped Cash Unlocked: Bopreal Pipeline Pays Off for Corporates

Some NeuGroup members are using Argentina’s Bopreal bonds to free nearly all of their trapped cash amid peso devaluation.During continued devaluation of the Argentine peso that may only get worse, multiple NeuGroup members are prioritizing the use of the Bopreal series of bonds launched last December to help importers pay off cross-border debt to get trapped cash out of the country as soon as possible. Members discussed their use of these bonds in a recent session of NeuGroup for Latin America Treasury featuring experts from…
Senior ExecutiveThe NeuGroup Insights InterviewTreasury Management
March 6, 2024

Former HP Treasurer Zac Nesper’s Joyful Passing of the Baton

Mr. Nesper’s total trust in Andrea Noseda’s abilities provided the confidence to leave a job and company he loved.After years of thinking about leaving a company and a job he loved to spend more time with his family, former HP Inc. treasurer Zac Nesper found the right internal person to succeed him: Andrea Noseda, a treasury novice back when he hired her for a capital markets role four years earlier (today she’s an expert). In a new NeuGroup video you can watch by hitting…
Risk Management
March 6, 2024

Banding Together: Uniting Risk Management, Finance and Safety

NeuGroup members are creating risk teams within finance that rethink risk from a top-down perspective. In response to rising commercial insurance premiums and other factors, NeuGroup members are taking proactive steps to fortify risk management strategies. One option that came to light at a recent session of NeuGroup for Risk Finance and Insurance: creating a risk management team that sits within finance and is empowered to work with safety, claims and insurance teams to foster a company-wide culture of risk awareness.…
Accounting & DisclosureTalking Shop
March 6, 2024

Talking Shop: Does IA Need Technical Accounting Black Belts?

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]. Context: In the world of accounting standards, a material weakness is “a deficiency, or a combination of deficiencies, in internal control over financial reporting (ICFR), such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.” The Sarbanes-Oxley…
Risk ManagementThe NeuGroup Insights Interview
February 28, 2024

Balancing Act: A Former Auditor’s Perspective on Financial Risk

A Bristol Myers Squibb risk manager shares how a balanced approach to controls can optimize treasury efficiency. The multifaceted job of financial risk management within corporate treasury includes the effective use of controls to mitigate all sorts of potential threats to a company’s financial stability. But don’t let controls get out of control—implementing too many of them to manage financial risks can inadvertently create operational risks. That’s a key takeaway from a recent NeuGroup conversation with Bill Brewer, associate director of financial risk…
BankingCash & Working CapitalThe NeuGroup Insights Interview
February 28, 2024

C2FO’s CEO: Early Payment Proponent, Financial Friction Foe

The views of Sandy Kemper—entrepreneur, rancher and former bank CEO—on the Strategic Finance Lab podcast. C2FO CEO Sandy Kemper, in a Strategic Finance Lab podcast interview you can listen to now on Apple and Spotify, describes how the fintech he founded in 2008 provides fast, flexible access to low-cost working capital to suppliers, some of whom struggle to get bank loans. C2FO’s platform enables large corporations to pay their suppliers early in exchange for a discount set by the supplier. Mr. Kemper says early…