Treasury ManagementTreasury Tech
January 23, 2020

Do You Need Outside Help for TMS Implementation? Maybe

Consultants can help TMS implementations, but practitioners retain some skepticism. Implementing treasury management systems (TMS) is an arduous and complicated task that can benefit significantly from outside expertise but maintaining a skeptical eye can optimize the outcome. ATLG members who had implemented TMSs expressed horror at the notion of returning to Excel spreadsheets. Nevertheless, TMS vendor consolidation and other factors have worsened already sketchy vendor support services, increasing the need for outside help and expertise. The peer group of assistant…
Capital AllocationInsights NewsletterInvestment Management
January 21, 2020

What Would an AI-Driven Capital Allocation Look Like?

Founder’s Edition, by Joseph Neu Perennial discussions of capital allocation tend to end up in essentially the same place.My friend Tom Joyce at Deutsche Bank circulated the chart below last week in his “Chart of the Day” email. This one caught my eye because it shows how corporate uses of capital, at least at the S&P 500-company level, are pretty consistent year to year. M&A and Buybacks. Tom calls out the changes: “During the current M&A upcycle, which began in late…
Treasury Management
January 10, 2020

Making Better Use of Data to Manage Risk

Cognitive risk sensing identifying and mitigating risk into dynamic process. Cognitive risk sensing (CRS) is said to be the next frontier in terms of analyzing risk and addressing it in a dynamic fashion. But the approach, which should be especially helpful for internal audit (IA) and other risk functions, is still in its infancy for most organizations. Neil White, risk and financial advisory principal and global internal audit analytics leader at Deloitte, said organizations have used structured data from areas…
Accounting & DisclosureBankingCapital MarketsCash & Working CapitalNeuGroup NewsNGITreasury ManagementTreasury Tech
January 7, 2020

Reimagining the Finance Future in 2020

Founder’s Edition, by Joseph Neu Five items for finance leaders to focus on in 2020 and beyond. 2020 is upon us and the year itself has vision and foresight in its name. Accordingly, it affords us all an opportunity to seek clarity on not just what the year will bring but also a view of what’s in store for the new decade. For finance practice leaders, I see five issues to focus on starting this year and for the coming…
Accounting & DisclosureComplianceTreasury Management
January 6, 2020

CECL Important for Nonfinancial Companies, Too

Nonfinancial corporates extending credit must also prepare for CECL Calendar year companies must apply new accounting for credit losses at the start of the year, in Q1 2020 financial statements, and that includes nonfinancial corporate creditors engaged in a variety of transactions. The Financial Accounting Standards Board’s new current expected credit losses (CECL) methodology replaces the incurred-loss method, which recognizes losses when they become probable. CECL, instead, requires lenders to recognize credit losses expected over the life of a loan…
FunctionalTreasury Management
January 3, 2020

Corporate Finance Ranks Most Concerned About 2020 Risks

What me worry? Yes! Finance execs most worried about risks in the new year. Corporate finance executives have jumped to the lead in terms of companies’ top executives concerned about the magnitude and severity of risks their organizations face in 2020, with economic conditions and regulatory scrutiny their top concerns. On a scale of one to 10, chief financial officers’ impression of risk faced by their companies in the year ahead jumped to 6.5 from 6.0 in last year’s survey.…
Uncategorized
December 22, 2019

Corporates Need to Be More ESG Ready

Survey says execs must be prepared to address ESG issues with investors Environmental, social, governance (ESG) issues remain on the backburner for most US corporations, but a survey of more than 600 institutional investors worldwide suggests they should move closer to the front for issuers looking to investors overseas, and perhaps soon domestically. The issue of ESG arises regularly at NeuGroup meetings of corporate treasury executives. A minority of members’ companies are aggressively seeking to implement elements of ESG, but…
BankingCompliance
May 2, 2019

Bloomberg Exits KYC and the Market Moves On

Bloomberg Entity Exchange is closing up shop soon, but there are plenty of players out there. Bloomberg confirmed in early April that it plans to shut down Entity Exchange, a know-your-customer (KYC) solution that was supported by Citibank and adopted by multinational corporations including Coca-Cola. Industry insiders say an internal management change led to a review of Bloomberg's product portfolio, with Entity Exchange and the company's sell-side execution and order management solutions businesses getting cut. Bloomberg, they say, was looking…
BankingCapital AllocationCapital MarketsRegionalTreasury Management
January 23, 2019

The Five Cash Management Initiatives Treasurers Should Consider

When it comes to cash management, treasurers must keep their focus on ways to make it more efficient and cost effective. Editor’s note: This article was originally posted on iTreasurer.com on October 09, 2014. The year 2014 has been one focused on efficiency and innovation as treasurers consider outside-the-box strategies for unlocking working capital and improving the tactical aspects of treasury. Major initiatives including SEPA and the internationalization of the renminbi (RMB) have proven to be catalysts for greater global…
Cash & Working CapitalTreasury Management
January 23, 2019

Fintechs Transforming Supply Chain Finance

Fintech companies continue to streamline the buyer-supplier experience, eliminating age-old tensions and adding powerful new tools. Editor’s Note: This story originally ran on iTreasurer.com on December 19, 2016. EXECUTIVE SUMMARYMultinational corporations (MNCs) face a myriad of challenges and arguably the most important one is staying competitive during periods of uncertainty and increasing regulation, as global interconnectedness continues. In order to successfully navigate this uncertain environment, MNCs must develop sustainable working capital strategies and build cash positions that underpin these strategies,…