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Cash & Working Capital

Cash & Working CapitalTechnology
November 3, 2021

Food for Treasury Thought: A Recipe to Set Minimum Cash Levels

One high-growth tech treasurer shares the multiple ingredients he uses to cook up a cash level that hits the spot. Every corporate treasurer needs to have a point of view about the level of cash their company should keep on hand.  Too much and activist investors may begin targeting the company’s stock. But wind up with too little to weather an emergency and the treasurer could be looking for a new job.   Members of NeuGroup for Growth-Tech Treasurers tackled this…
Justin Jones
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Cash & Working CapitalFXTechnology
October 21, 2021

Closing Loops: Connecting FX Hedging and Cash Forecasts

How one member uses Cashforce to save time and money on FX trades—and helped create an automated hedging process.One assistant treasurer at a recent NeuGroup virtual interactive session said that her primary project for 2021 is “to make treasury as no-touch as possible.” This is a common theme for treasurers recently, though it’s not always clear where to start. Her first step was to seek potential connections in existing processes and platforms—which led to an overhauled and streamlined process for foreign…
Justin Jones
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Cash & Working CapitalFP&A
September 16, 2021

Here and Now: The Benefits of Right-Time Finance for FP&A

At a time when agile enterprises are in favor, OneStream suggests finance functions live more in the moment.Accounting functions tend to look backward, with reporting that’s subject to close processes and consolidation. Planning and forecasting, on the other hand, is looking forward, seeking to support business partnerships by helping managers predict what’s coming. Covid—especially the early period of the pandemic, which was arguably the most forecasted and re-forecasted period in modern history—has helped emphasize the importance of focusing more on…
Justin Jones
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Cash & Working CapitalTechnology
August 5, 2021

Helping Hand: Using Cashforce to Manage Growth Through M&A

How one treasurer used Cashforce technology to improve forecasting and support growth.When one treasurer saw that his team was getting too bogged down managing the company’s dozens of bank accounts across 25 entities, he sought out an automated cash management system, but he had a concern: the company is continually growing through mergers and acquisitions, and in the past, new accounts made everything muddy. The process of integrating a new entity and any accounts it brings along can be cumbersome—and…
Justin Jones
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Capital MarketsCash & Working Capital
June 15, 2021

Convertibles, Speed and Capital Structure: A Tech Banker’s Take

An interview with Lucia Greenblatt, managing director of technology banking at MUFG, on a SAAS company’s financing journey. The optimal capital structure for a high-growth technology company may change significantly as its business develops and its financing options increase—one reason corporates that issue convertible bonds early in their trajectory often replace them with alternatives more suited to mature businesses with investment-grade (IG) credit metrics or ratings That takeaway sprang from a session at a recent meeting of NeuGroup for Growth-Tech…
Justin Jones
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Cash & Working CapitalSenior Executive
May 27, 2021

No Walk in the Park: Overcoming Resistance To Embrace a Cash Culture

One treasurer’s rocky quest to shift his company’s focus from P&L to cash.When one NeuGroup member saw an opportunity to elevate treasury’s role within the company while focusing its overall view of cash, he took it—but the journey was no walk in the park. He encountered some resistance from leadership and the FP&A team, but was able to work with them to reconcile two methods for cash flow forecasting and take a more active approach to cash management.The member, the treasurer at…
Justin Jones
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BankingCash & Working CapitalCOVID-19
May 27, 2021

Too Much Money: Banks Struggle With Surging Deposits

Banks awash in deposits need to prioritize active accounts making use of services that generate fees and revenue.Originating loans as the pandemic recedes and the economy revives is a major challenge for banks today—but so is the surge in deposits since spring 2020 and just what to do with them given the lack of precedent. Consumer and commercial deposits increased by more than $3 trillion, or roughly 20%, since the onset of pandemic through the end of December, according to…
Justin Jones
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Cash & Working CapitalRisk Management
May 20, 2021

A Look at the Inflation Crystal Ball: Morgan Stanley’s View

Morgan Stanley economist Ellen Zentner says people are becoming “more convinced that inflation is a real thing.”The outlook for inflation and interest rates is a hot topic as the US recovery picks up steam. Here’s the view Morgan Stanley recently outlined for bank treasurers at a recent NeuGroup meeting: Inflationary pressure will almost certainly continue, but even with upwards of $2 trillion in additional capital from the Biden administration’s Build Back Better initiative likely to arrive early next year, the Federal…
Justin Jones
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Cash & Working CapitalTechnology
May 6, 2021

In Search of a Cash Forecasting Model for Use Across the Enterprise

One corporate in search of simplicity opted for developing a solution in-house vs. using third-party vendors.An indispensable lesson from the pandemic is that revenues can drop unexpectedly and precipitously, and so cash forecasts must consider multiple scenarios and learn from the past. An assistant treasurer (AT) from a global industrial company explained at a recent NeuGroup meeting sponsored by Societe Generale how his company is improving cash forecasting with machine learning and other new technologies. A precise forecast was not…
Justin Jones
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