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Cash & Working Capital

Cash & Working CapitalTalking ShopTechnology
September 18, 2024

Talking Shop: Which Tech Tools for Cash Flow Forecasting?

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: Better cash flow forecasting is a goal shared by nearly every treasury team. That’s true no matter how far along they are on the seemingly endless journey to automate processes, access and analyze quality data, and leverage advanced technology—including machine learning (ML) and AI—to reach higher levels of accuracy and efficiency. Some…
Justin Jones
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Cash & Working CapitalTechnology
August 14, 2024

A Tool Helping Bristol Myers Squibb Transform Cash Forecasting

TIS helped BMS treasury standardize and automate forecasting. The treasurer wants AI to make the tool even better.Bristol Myers Squibb treasurer Sandra Ramos-Alves loves automation and is a self-described “strong believer” in tapping the expertise of fintechs whose solutions can help BMS transform treasury. TIS is one of those fintechs and its CashOptix tool—which includes cash forecasting capabilities—has enabled BMS to produce an aligned view of cash flow from one source of truth used by everyone across the globe. Ms. Ramos-Alves says the TIS implementation is a fundamental…
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Cash & Working CapitalRisk Management
July 17, 2024

Contingency Planning Tops Drivers of 2024 Liquidity Policies

New NeuGroup Peer Research shows that preparing for crises drives corporate liquidity strategies, followed by debt management and acquisition agility. “In a financial crisis, the focus on treasury is quick and intense.” An experienced treasurer made that incisive declaration at NeuGroup’s 2024 Treasurers Summit this spring. It neatly captures the heightened urgency surrounding liquidity management—a cornerstone of treasury’s mission—sparked most recently by the pandemic, bank failures and wars. That backdrop and ongoing uncertainty about interest rates, inflation and the U.S. presidential election help…
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Cash & Working CapitalTalking Shop
June 26, 2024

Talking Shop: Extend Payment Terms to Optimize Working Capital?

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: Improving working capital management remains a high priority for many treasury teams coping with elevated inflation, concerns about recession and the opportunity to earn better returns on cash amid higher interest rates. Just this week, one treasurer asked if peers have “something akin” to a working capital policy. “This may cover things such…
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Cash & Working CapitalThe NeuGroup Insights Interview
May 22, 2024

Fast Funds: Finding a Fit for Real-Time in the Payment Frontier

The Clearing House CEO David Watson on how his company’s RTP Network can fit into a corporate’s payments infrastructure. The buzz around real-time payments among NeuGroup members has picked up since the launch last year of the Federal Reserve’s FedNow system. It joined the RTP Network, introduced by The Clearing House in 2017, and various blockchain-based platforms as options for instant USD payments. However, low limits on transactions ($1 million for RTP, $500,000 for FedNow) and a lack of use cases are reasons some treasury teams have…
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Cash & Working CapitalTechnology
May 2, 2024

Mastering a Manual Payment Risk Mindset: Automate and Control

Corporates have automated many manual payments; next is learning to manage the risk of those you can’t eliminate.Digital transformation and automation initiatives have helped many corporations significantly reduce manual payments, improving efficiency and reducing fraud risk. But implementing automated systems usually requires considerable time and effort—just one reason most companies have not eliminated all manual payments. The challenge for treasury teams then becomes ensuring proper controls and safeguards are in place. Those are among the takeaways gleaned from a recent…
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Cash & Working CapitalFXRegional
May 2, 2024

Beyond Bopreal: Argentina’s Long Road To Relaxed Controls

Why some NeuGroup members say they won’t buy Series 3 Bopreal bonds to send dividends out of the country. After four months of auctioning Bopreal bonds that allow importers to pay off cross-border debts, Argentina’s central bank (BCRA) is responding to flagging demand by opening up the bonds to companies seeking to distribute profits or dividends—perhaps as soon as the next auction, May 6. This has been interpreted by some observers as a first step in lifting capital controls that have left multiple billions…
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Cash & Working CapitalRegional
March 13, 2024

Trapped Cash Unlocked: Bopreal Pipeline Pays Off for Corporates

Some NeuGroup members are using Argentina’s Bopreal bonds to free nearly all of their trapped cash amid peso devaluation.During continued devaluation of the Argentine peso that may only get worse, multiple NeuGroup members are prioritizing the use of the Bopreal series of bonds launched last December to help importers pay off cross-border debt to get trapped cash out of the country as soon as possible. Members discussed their use of these bonds in a recent session of NeuGroup for Latin America Treasury featuring experts from…
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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…
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Cash & Working CapitalTechnologyThe NeuGroup Insights Interview
February 14, 2024

Battling Bias To Boost Small Businesses: C2FO CEO Sandy Kemper

The CEO of a working capital platform says early payments can level the field for minority- and women-owned businesses. A slowing US economy and elevated interest rates are putting renewed focus on working capital management and the obstacles faced by many minority- and women-owned small businesses in obtaining bank loans in the current regulatory environment. One way around the problem: early payments that allow vendors to get paid faster and offer buyers a discount. In a NeuGroup video you can watch by…
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