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…
NeuGroup and Latin America
NeuGroup News
June 6, 2020

Latin America Regional Treasurers Zoom in for Their 2020 H1 Meeting

Latin America is being hard hit now by both the Covid-19 virus and the economic domino effects. Thus, we wish all the best to NeuGroup Latin America Treasury Peer Group members as they work to support their businesses and all their stakeholders in the region while keeping their families safe and well.  Thanks for Zooming in for the 2020 H1 Meeting! Anne Friberg and Martin Trueb led the way to a meaningful exchange at their meeting this week, obrigado. https://youtu.be/iq2DsQTWtaA
Working Capital Cycle
BankingCash & Working CapitalInsurance
June 1, 2020

C2FO Showcases Scope Expansion to AT Leaders

By Joseph Neu C2FO sponsored our recent Assistant Treasurers’ Leadership Group Meeting on Zoom. Their scope expansion, which is indicative of ways working capital platforms can support business ecosystems in this crisis, is my first of three takeaways from that meeting. Working capital platforms expand their scope. Platforms such as C2FO’s focusing on intermediating between buyers with access to capital and a wide range of suppliers with working capital needs have a vital role to play in this pandemic. C2FO…