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…
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…
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…
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…
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…
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…
BankingCash & Working CapitalTechnology
December 13, 2023

A Journey With J.P. Morgan To Improve Cross-Border Payments

How one member uses the blockchain-based JPM Coin System to streamline cash sweeping. One NeuGroup member whose company operates in Asia, North America and Europe faced a persistent issue with cash trapped in bank accounts after closing hours. To address the problem, he was invited to collaborate with Onyx by J.P. Morgan—and in the process helped shape a new infrastructure for instant payments built on the blockchain. The member, along with a small group of peers, worked with team members from…
BankingCash & Working CapitalESG
November 29, 2023

Cashing In: Trade Finance Fuels Working Capital, Boosts Sales

How HSBC helped an energy company optimize working capital, boost sales and keep a key client happy about payment terms. Earlier this year, the treasurer at a clean energy company found himself in a precarious position: he needed to get cash in the door faster to fund operating expenses, but the corporate’s annual revenue is heavily reliant on a few large clients who had negotiated long payment terms. At a recent session of NeuGroup for ESG, the treasurer dug into the…
Cash & Working CapitalTechnology
October 25, 2023

Liquidity and Capital Structure Top Treasury’s 2024 Priorities

NeuGroup’s Treasury and Finance Agenda Survey also shows more emphasis and urgency on digital transformation. The biggest risk facing companies next year is an economic downturn, according to preliminary results of NeuGroup’s 2024 Treasury and Finance Agenda Survey. At the same time, 57% of respondents predict interest rates will remain high or even go higher. The result is that treasury teams placed liquidity and capital structure optimization at the top of their objectives for the coming year (see ranking below).…
Cash & Working CapitalTalking Shop
October 19, 2023

Talking Shop: Cleaning Up a Messy Short-Term Cash Forecast

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: Cash forecasting is a perennial challenge for both treasury and FP&A teams, but the two functions tend to approach the problem from different perspectives. Treasury, responsible for short-term liquidity and cash management, depends more on bottom-up, direct forecasts. FP&A, concerned with planning and budgeting for the longer term, typically uses a top-down,…