BankingCash InvestmentsTechnology
June 19, 2024

How ServiceNow Boosted Efficiency, Raised Returns, Lowered Fees

An international treasury center/in-house bank improves cash investing, intercompany lending and FX hedging. A presentation by NeuGroup member company ServiceNow on the benefits of setting up an international treasury center (ITC) in Ireland that functions an in-house bank (IHB) took top honors in a pseudo-Shark Tank competition at a recent NeuGroup for Cash Investments meeting sponsored by ICD and MetLife Investment Management. The ITC has improved working capital management, provides better cash visibility and gives treasury enhanced control over cash. It also lowers idle…
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…
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…
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…
March 27, 2024

A Shared Vision for Diverse-Owned Firms: Verizon and Amazon

Treasury leaders at the two companies urge peers to aim high in providing meaningful opportunities to diversity firms. In the last several years, treasury team leaders at NeuGroup member companies Verizon and Amazon have stood out for their determination to provide meaningful opportunities and fee income in capital markets transactions to banks and brokerage firms with women, Black, Latino and veteran owners. These members have also been outspoken about how their actions in this sphere of influence align with wider corporate goals. A recent…
BankingCash & Working CapitalThe NeuGroup Insights Interview
February 28, 2024

C2FO’s CEO: Early Payment Proponent, Financial Friction Foe

The views of Sandy Kemper—entrepreneur, rancher and former bank CEO—on the Strategic Finance Lab podcast. C2FO CEO Sandy Kemper, in a Strategic Finance Lab podcast interview you can listen to now on Apple and Spotify, describes how the fintech he founded in 2008 provides fast, flexible access to low-cost working capital to suppliers, some of whom struggle to get bank loans. C2FO’s platform enables large corporations to pay their suppliers early in exchange for a discount set by the supplier. Mr. Kemper says early…
BankingTalking Shop
February 28, 2024

Talking Shop: Bank Criteria for Granting Deposit Rate Premiums

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 Federal Reserve’s 11 increases in the fed funds rate since March 2022 have changed bank deposit dynamics. NeuGroup senior executive advisor Jerry Olivo, a former banker who leads NeuGroup for Regional Bank Treasurers, says the higher rate environment means institutions now have to compete for so-called sticky deposits as customers move money elsewhere.…
BankingCapital MarketsD&I
February 21, 2024

Shifting Tides: The Role of DEI Firms in Capital Markets

New NeuGroup Peer Research shows DEI firms enjoy support among corporates but face headwinds in the current ESG climate. A new NeuGroup survey reveals that 66% of corporate treasuries include diverse-owned firms in their capital markets deals, including bond underwriting, commercial paper (CP) and open market repurchase (OMR) programs. The survey, conducted in collaboration with Sustainable Fitch and the National Association of Securities Professionals (NASP) in December 2023, explored the level of engagement between treasury and diverse-owned firms.Shifting winds. NeuGroup members who responded to the survey cited…
February 21, 2024

Seeking Solutions, Pushing Banks for Change on Signer Management

As NeuGroup members unite to lobby banks, digital signer portals from Citi and J.P. Morgan create buzz. Frustration with the inefficiencies of tracking and updating signers on bank accounts has pushed some members of NeuGroup for Global Cash and Banking to form a subgroup to present a united front in asking banks for digital solutions and standards that will provide real-time visibility to signer data (Step 1) and, ideally, make it possible for that data to flow directly into treasury management systems…