COVID-19Treasury Management
April 28, 2020

Keeping the Company Strong after the Initial Hit

Companies have survived the early impact of COVID-19; now the focus is keeping the concern going.There is a lot of talk in treasury and risk circles lately about business continuity plans or BCPs. The talk is mainly around whether the plans worked and what lessons have been learned in the latest crisis. But there has not been as much talk about business resiliency, that is, whether the company, now in the throes of major health crisis, can hang in there…
Capital MarketsCash & Working CapitalCOVID-19Investment Management
April 28, 2020

Pandemic Lessons Learned by Treasurers in Asia

How finance teams respond to the need for cash depends in part on their ability to tap global cash pools.As the pandemic brought  the world to a standstill, the primary concern of many multinational corporations centered on sustaining their operations, assuming no cash inflows for at least 30 days. For almost every company, that requires a lot of cash! That was among the takeaways from member comments at a recent NeuGroup virtual meeting of treasurers in Asia in early April.Cash…
Capital MarketsCOVID-19Investment ManagementTreasury Management
April 28, 2020

Funding Is Top Priority for Treasurers amid Pandemic: Poll

Treasurers have funding on their minds as they deal with COVID-19. BCP and supply chains also a concern.Securing funding is a top priority for corporate treasurers thrust into the role of organizing companies’ financial response amid the COVID-19 pandemic, according to a recent poll by Bloomberg and Greenwich Associates. Following funding, treasurers say their attention is also on business continuity plans and suppliers.Many treasurers have been tasked with making sure key suppliers have the resources to stay in business and…
COVID-19
April 23, 2020

Pandemic Economy: The Ugly, the Bad, and the Good

From a US standpoint, no matter how experts look at it, the pandemic has created an economic nightmare scenario. But in Asia there may be glimmers of hope. The pandemic has ravaged the global economy and as it lingers, offers little hope of a V-shaped recovery when it eases. It is therefore understandable that the economic prognosis, viewed from that trough of despair, looks pretty ugly. However, the perspectives of several CFOs in Asia participating in a NeuGroup virtual meeting,…
FXRisk Management
April 14, 2020

As Day Follows Night: China Exposures Grow and So Do the Hedges Against Them

Members whose companies have material exposure to the Chinese market exchange experiences with how to manage the currency risk. What’s the best course of action when corporates need to blunt their growing cash-flow exposures in China? The answer, hedge. But what’s the best approach? Depends on the company of course. At a recent FX summit of NeuGroup’s two FX Managers’ Peer Groups – which due to COVID-19 was NeuGroup’s first-ever virtual peer group meeting – one session dealt with managing…
COVID-19Risk Management
April 14, 2020

“Too Soon” Is Now “Let’s Do It”: Risk Managers Start Planning for Life Beyond COVID

Up until about a week ago, companies were so busy handling the immediate issues related to COVID-19, they were putting off thinking of future risks. Enterprise risk management professionals are paid to look into the future and help companies prepare for it. But COVID-19 changed all that. “Too soon,” was the answer from most members of NeuGroup’s ERM peer group two weeks ago when we asked them about post-pandemic planning and their thoughts about the future. One member back then…
COVID-19FunctionalRisk ManagementSenior Executive
April 2, 2020

Closing a Quarter for SOX Can be Difficult in New, Remote World

An internal auditor describes what his company has done to successfully close a quarter when some physical tasks can’t be done. Part of Sarbanes-Oxley, the internal controls act released in 2002, requires a corporate’s chief executive and financial officers to certify financial and other information contained in the issuer’s quarterly and annual reports. But what happens in a crisis? What if some of that info requires someone in place to record inventory or in-person meetings when employee movement is heavily…
COVID-19Treasury Management
March 17, 2020

A Coronavirus Crisis Treasury Playbook

Treasurers probably haven’t seen crises like this before. Here’s what they can learn from past events. The COVID-19 pandemic has presented the modern world with an almost unprecedented crisis. And the daily onslaught of worrying headlines—cancelled sports seasons and parades, Tom Hanks and wife infected, travel bans—seems to be triggering, mystifying actions by panicked consumers, like the run on toilet paper. But despite COVID-19’s unprecedented nature, for treasurers there actually is precedent, so there should be no mystery about what needs to be done (and…
BankingCapital Markets
March 17, 2020

Not All Bank Fees Are Created Equal

In good times and bad, treasury teams benefit from knowing how their banks look at the world. That's one reason this chart, created by NeuGroup's Scott Flieger, is compelling. It shows which products are especially important to banks by measuring both their relative profitability and how much balance sheet impact they have. A third dimension shows which products result in predictable revenue and which are more episodic in nature. Most members found the slide "directionally accurate" and helpful in explaining why…
Zoom Screen
NeuGroup News
March 12, 2020

Zoom in to NeuGroup Meetings

This week’s 2020 FX Managers’ Peer Group Summit was transformational. Due to COVID-19 and the health and safety concerns we have for our members, our team, our sponsor partners and our respective stakeholders, we decided last week to make all NeuGroup meetings virtual until further notice. As such, we just this week executed our first virtual meeting with NeuGroup’s FX Managers’ Peer Group 2020 Summit. The decision was made in consultation with our long-standing partner, Chatham Financial, which was to…