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Justin Jones

BankingTalking Shop
February 28, 2024

Talking Shop: Bank Criteria for Granting Deposit Rate Premiums

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: The Federal Reserve’s 11 increases in the fed funds rate since March 2022 have changed bank deposit dynamics. NeuGroup senior executive advisor Jerry Olivo, a former banker who leads NeuGroup for Regional Bank Treasurers, says the higher rate environment means institutions now have to compete for so-called sticky deposits as customers move money elsewhere.…
Justin Jones
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BankingCapital MarketsD&I
February 21, 2024

Shifting Tides: The Role of DEI Firms in Capital Markets

New NeuGroup Peer Research shows DEI firms enjoy support among corporates but face headwinds in the current ESG climate. A new NeuGroup survey reveals that 66% of corporate treasuries include diverse-owned firms in their capital markets deals, including bond underwriting, commercial paper (CP) and open market repurchase (OMR) programs. The survey, conducted in collaboration with Sustainable Fitch and the National Association of Securities Professionals (NASP) in December 2023, explored the level of engagement between treasury and diverse-owned firms.Shifting winds. NeuGroup members who responded to the survey cited…
Justin Jones
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BankingTechnology
February 21, 2024

Seeking Solutions, Pushing Banks for Change on Signer Management

As NeuGroup members unite to lobby banks, digital signer portals from Citi and J.P. Morgan create buzz. Frustration with the inefficiencies of tracking and updating signers on bank accounts has pushed some members of NeuGroup for Global Cash and Banking to form a subgroup to present a united front in asking banks for digital solutions and standards that will provide real-time visibility to signer data (Step 1) and, ideally, make it possible for that data to flow directly into treasury management systems…
Justin Jones
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FP&ATechnologyTreasury Management
February 14, 2024

Sharpening Treasury’s Strategic Profile Means More Collaboration

Members share the rewards and obstacles of collaborations with FP&A, tech, tax and other functions.Top treasurers are growing into more strategic roles and playing a greater part in decision-making at companies where finance is valued as true partner of the business. The function’s broader profile means treasury teams need to collaborate effectively and frequently with a variety of other functions within the enterprise. Doing that well ultimately pays off, but isn’t always easy. In a recent session of NeuGroup for High Potentials, treasury…
Justin Jones
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Cash & Working CapitalTechnologyThe NeuGroup Insights Interview
February 14, 2024

Battling Bias To Boost Small Businesses: C2FO CEO Sandy Kemper

The CEO of a working capital platform says early payments can level the field for minority- and women-owned businesses. A slowing US economy and elevated interest rates are putting renewed focus on working capital management and the obstacles faced by many minority- and women-owned small businesses in obtaining bank loans in the current regulatory environment. One way around the problem: early payments that allow vendors to get paid faster and offer buyers a discount. In a NeuGroup video you can watch by…
Justin Jones
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Talking Shop
February 14, 2024

Talking Shop: Limits in Treasury for Approving Funds Transfers

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: Setting limits on the size of funds transfers that individuals on a treasury team can approve is a basic part of effective risk management, good governance and sensible treasury policies. The question is how to determine the dollar amounts. For context on the issue, NeuGroup Insights reached out to members with longtime…
Justin Jones
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Technology
February 7, 2024

Taking Advantage of the Cloud Stall

Smart treasuries are building and testing solutions to drive transformation, not waiting for cloud-based ERP implementations.By Joseph Neu NeuGroup’s 2024 Treasury and Finance Agenda Survey provides a backdrop that helps illuminate how smart treasuries are not letting what I have dubbed the “cloud stall” impede their progress toward digital transformation. The stall occurs when treasury waits for an enterprise to implement a cloud-based ERP—and the treasury functionality ERP vendors are developing—to drive technological advancement. By contrast, smart treasuries are taking advantage…
Justin Jones
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RegionalThe NeuGroup Insights Interview
February 7, 2024

Fitch Economist Olu Sonola Sees Mixed Bag for Corporates in 2024

Companies face cooling inflation but elevated wage growth amid a slowing economy with recession unlikely. In a Strategic Finance Lab podcast you can listen to on Apple and Spotify, Fitch Ratings’ head of US Regional Economics Olu Sonola paints a relatively positive picture of the economic outlook in 2024, thanks in large part to the strength of the US consumer and declining inflation. “The balance sheet of the US consumer is very, very strong,” he tells NeuGroup Peer Group leader Andy Podolsky in the podcast recorded in December 2023…
Justin Jones
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Senior ExecutiveTreasury Management
January 31, 2024

Treasury Leadership Is Alive and Well in Texas

Insights from member meetups in Austin and Houston, distilled by NeuGroup’s founder and CEO.By Joseph Neu Treasury leadership is alive and well in Texas. That’s one big-picture takeaway from my trip to the state last week. I was there to talk with treasurers—and leadership was on my mind. Here are some themes that surfaced, divided into three sections:Why are you a treasurer? I asked that question at a salon dinner for members hosted by NeuGroup in Austin. In addition to “why,” the answers…
Justin Jones
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FXRegional
January 31, 2024

Dollar-Denominated Bonds in Argentina Draw Corporate Interest

USD-denominated Bopreal bonds offer a way for subsidiaries in Argentina to pay debts owed to US-based parents. The Argentine subsidiaries of some NeuGroup member multinationals are buying so-called Bopreal bonds that Argentina started selling late last year to help importers pay off debt—including money subsidiaries owe parent companies. The bonds are providing relief to corporates with cash trapped in a country with strict capital controls, hyperinflation and a heavily devalued currency. Bopreals are dollar-denominated but can be purchased with Argentine pesos at the country’s…
Justin Jones
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