BankingCash & Working Capital
February 12, 2025

Improving Share-of-Wallet Management With Better Bank Scorecards

How treasury teams making share of wallet decisions evaluate banks based on quantitative and qualitative measures. One treasury team tallying up the fees it pays banks in exchange for their commitments to the company’s revolving credit facility recently added a new category to its bank scorecard: deemed compensation on cash. Calculating it involves comparing the interest rate the corporate receives on cash held at a given bank to a benchmark rate such as fed funds. A member of NeuGroup for Global…
BankingTalking Shop
February 5, 2025

Talking Shop: Treasury’s Control of Foreign Bank Accounts

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]. Corporate treasury teams at multinationals with hundreds if not thousands of bank accounts need to control the opening and closing of accounts, know the identities of account signatories and have visibility to the cash in them. At the same time, managing every operational account from headquarters on a day-to-day basis in every…
BankingCash & Working Capital
December 18, 2024

Cash Flow Collaboration: Bridging Treasury and Procurement

Aligning treasury and procurement can be key to improving working capital management, but that requires skillful change management and relationship building. As treasury teams face increasing pressure to improve working capital management amid higher interest rates, cash conversion cycles are emerging as a key metric for success. At NeuGroup’s inaugural Working Capital Symposium this fall, attendees highlighted the growing priority of developing strong relationships with procurement to shrink conversion cycles and optimize cash flow—which, as one assistant treasurer aptly put in the…
BankingTalking ShopTechnologyUncategorized
December 18, 2024

Talking Shop: How To Remove Employees’ Bank Portal Access Faster

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: Multinational corporations with hundreds of bank accounts at dozens of banks spread across the globe face some major challenges. One big pain point: efficiently tracking and updating which employees have access to online banking portals and who among those people are authorized signers. The challenge is twofold: Treasury has to manage whose…
BankingRegionalTalking Shop
August 21, 2024

Talking Shop: Demat Accounts in India—Details and Deadlines

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: Multinational companies with subsidiaries in India face a deadline to convert shares of the subs they own that were issued as physical certificates into an electronic format, a process known as dematerialization. The deadline is Sept. 30 for companies with fiscal years ending March 31, 2023. Corporates with a Dec. 31 year-end have…
BankingCapital Markets
July 10, 2024

How One Treasurer Got a Credit Rating Upgrade Without Asking

One NeuGroup member’s subtle but direct campaign to enable an analyst to see the necessity of an upgrade pays off. Frustration over a split credit rating prompted one treasurer to seek guidance from several bankers who said tech sector weakness, rising inflation and widespread counterparty credit risk concerns made the timing of seeking an upgrade poor. They said the company would therefore have to directly request that the rating agency raise the investment-grade credit rating one notch to the same…
BankingTechnology
June 12, 2024

Why Treasury Needs To Lead the Way in the ISO 20022 Transition

Banks face a deadline to use the new payment messaging standard, presenting challenges and benefits for corporates. The adoption of international financial standards and language for payment messaging under the framework known as ISO 20022 will require corporate treasury teams to step up and proactively lead a transition made difficult in part by differences in how—and how fast—banks are approaching changes involving data-rich payment communications. Banks must transition to ISO 20022 by November 2025. The new format should ultimately produce benefits but…
BankingTalking Shop
May 29, 2024

Talking Shop: Validating Changes in Supplier Banking Details

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 devil is in the details and bank account information for suppliers is a detail that can bedevil finance teams responsible for thwarting payment fraudsters. The big picture reveals a big problem: 80% of organizations were victims of payments fraud attacks and attempts in 2023, a 15-percentage point increase over the previous year, according…
BankingRegional
April 24, 2024

The Big Picture: Why Bank Funding Changes Matter to Corporates

Putting a NeuGroup member question about fed funds credit lines in a broader context for banks and their clients. Corporations have been spending significantly more time and effort monitoring and mitigating bank counterparty credit risk since the collapse of Silicon Valley Bank in 2023. NeuGroup member companies have taken a variety of steps, with some limiting or eliminating their exposure to institutions other than large, global systemically important banks. At the same time, “banks, especially regional banks, are being pushed to reevaluate their funding…
BankingTechnology
April 24, 2024

From Banking Chaos to Order: Using TIS To Streamline Payments

How one global logistics company transformed its bank connectivity through the implementation of the TIS cloud platform. When the director of treasury solutions at a multinational corporate was tasked with leading a migration to a cloud-based ERP, he seized the opportunity to also implement TIS, which acts as a hub that centralizes bank connectivity and payment file generation. Previously, the company relied on a tangled web of bank accounts and users connecting to them mostly through bank portals and a few host-to-host…