Racial Justice and Equity Depicted
NeuGroup News
July 30, 2020

NeuGroup Brings Members Together to Support Black Communities via Finance and Treasury Actions

Following a Netflix webinar last week sharing their initiative to support and build Black communities, NeuGroup brought members together for a Virtual Interactive Session this week on Corporate Finance and Treasury Actions in Support of Racial Justice and Equity. We have heard considerable interest from member companies in building on their D&I, ESG (Social) and CSR initiatives to support Black stakeholders and Black communities more broadly. In reaction to this, we brought treasurers and other finance leads together virtually to:…
What Will Japanification of US and Europe Mean for Your Debt and FX?
NeuGroup News
July 22, 2020

Societe Generale Sparks Interest at NeuGroup VIS

In our second Virtual Interactive Session this week, Societe Generale sparked member interest in the state of fiscal and monetary policy in the wake of Covid-19 and how this will play out for rates and FX management. Albert Edwards, global strategist at Societe Generale, kicked things off with his not-the-House-view remarks on the Japanification of the US and its implications for deflation (he sees a rising risk of it for now) and the dollar (declining). Unprecedented Fed intervention directly into…
NeuGroup VIS with HighRadius on Navigating Volatility with Artificial Intelligence
NeuGroup News
July 21, 2020

Virtual Interactive Session with HighRadius Shows AI Cash Forecasting Path Through Crisis

In our latest members-only Virtual Interactive Session today, NeuGroup connected members of our Global Cash and Banking Group with select members from across the NeuGroup Network and HighRadius. The objective was to share and learn how to navigate volatility with artificial intelligence and improve both cash forecasting and automation during this crisis. What’s a Virtual Interactive Session? A virtual interactive session (VIS) is a distilled version of a NeuGroup meeting in a virtual format. It is one of the new…
Customer paying using mobile phone
Cash & Working CapitalCOVID-19Technology
July 17, 2020

NeuGroup for Retail Treasury Pilot Series Wrap-Up

By Joseph Neu As part of our ongoing experimentation with new virtual formats, the NeuGroup for Retail Treasury pilot “meeting” was made into a series of Zoom sessions over the course of about six weeks, concluding this week. This group was launched in partnership with Starbucks Treasury on the member side and sponsored by U.S. Bank. Here are my key takeaways as a wrap up to the series: Covid-19 divides into haves and have-nots. Retail and other consumer-facing businesses, such as…
U.S. Bank and NeuGroup
NeuGroup News
July 17, 2020

NeuGroup Pilots Retail Treasury Group with Starbucks and U.S. Bank

NeuGroup thanks Peter Filipovic and his team at Starbucks for being our member launch partners with the NeuGroup for Retail Treasury. We appreciate all you and the other members who were part of the pilot shared so that others could learn from your experience. The same should be said to U.S. Bank for sponsoring the pilot series, especially Judy Kelly and Paula DiPonzio Regan. You did a great job of bringing in relevant subject-matter experts and listening to members on topics that matter. On behalf of all who…
Digitalization of NeuGroup Membership
NeuGroup News
July 1, 2020

NeuGroup Membership Changes in Response to Covid-19

In response to Covid-19, since March 2020, NeuGroup has conducted some 190 virtual meetings on Zoom: Regular NeuGroup Meetings. 1-2-day virtual NeuGroup annual and bi-annual meetings, replacing in-person off-sites (with multiple sessions and shared breaks) that are no longer possible for health and safety reasons Crisis Check-Ins. 60-90-minute COVID-19 crisis response check-ins, with 15-30-minute expert updates from selected partners, practitioner breakouts to share experience, questions and expert insight, while learning about customer/prospect challenges and needs; ending in a share back…
Juneteenth
NeuGroup News
June 23, 2020

Celebrating Juneteenth at NeuGroup

Like several of  our member companies, NeuGroup added Juneteenth to our official company holiday list last week.  At NeuGroup last week, June 19 moved from a regular Friday to a company holiday celebrating Juneteenth, the oldest nationally celebrated commemoration of the ending of slavery in the United States.  On June 19, 1865, Union soldiers, led by Major General Gordon Granger, landed at Galveston, Texas with news that the Civil War had ended and that the enslaved were now free. This…
NeuGroup News
June 16, 2020

NeuGroup Supports Goldman Sachs’ Transaction Banking Launch with Insights

Congratulations to Goldman Sachs on the official launch of their transaction banking service. Goldman Sachs is entering the cutthroat and increasingly crowded world of corporate cash management determined to play the role of innovative disruptor—no easy task. A cornerstone of Goldman’s strategy is a product whose name is familiar to many corporate treasury professionals but that is not fully understood by all of them: virtual accounts. We are pleased to support Goldman Sachs in their effort to help build a…
Capital MarketsCyber riskInsurance
June 9, 2020

Life Sciences Treasurers Speak to Capital Market Strategies, Insurance and Payment Fraud Mitigation

By Joseph Neu The NeuGroup Life Sciences Treasurers’ Peer Group completed its H1 meeting series last week, sponsored by Societe Generale. Here are a few takeaways I wanted to share: Three types of companies with three capital markets crisis strategies. Life sciences businesses, like those in most sectors, fall into three general capital market strategy buckets: Those needing rescue capital in order to survive through this crisis.Those looking to fortify their balance sheets.Those looking to be opportunistic to monetize high…
NeuGroup and Societe Generale
NeuGroup News
June 7, 2020

Societe Generale Supports NeuGroup Life Sciences Treasurers as They Support Their Essential Businesses

NeuGroup's Life Sciences Treasurers' Peer Group members are supporting businesses that are directly or indirectly helping with vaccines, treatments, testing and other measures to keep us safe and well in this pandemic and its aftermath. We and our sponsors at Societe Generale Corporate and Investment Banking - SGCIB are thus doubly proud to support them at this time. Thank you for all you do and for participating in our series of Zoom meetings. Thanks as well to Guido van Hauwermeiren, Larry Williamson and their colleagues…