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…
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…
Risk ManagementTalking Shop
June 5, 2024

Talking Shop: Spreading Share of Wallet for Interest Rate Swaps

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: Interest rate swaps allow corporates to manage risks stemming from exposure to the fixed and floating rates they pay on debt obligations, including bonds. The price they pay for swaps is a major consideration for companies selecting the banks who become their counterparties in the transaction. In picking counterparties, most treasury teams…
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…
Risk ManagementTalking Shop
March 20, 2024

Talking Shop: Benchmarking Helps Move Insurance Off IA’s Plate

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: Buying insurance coverage is an important and challenging task for most corporations, a form of risk management known as risk transference. Companies purchase policies to cover losses including those from property damage, cyberattacks, claims against directors and officers, and product liability. As noted in a recent Talking Shop about workers’ compensation insurance, oversight of insurance is…
Accounting & DisclosureTalking Shop
March 6, 2024

Talking Shop: Does IA Need Technical Accounting Black Belts?

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: In the world of accounting standards, a material weakness is “a deficiency, or a combination of deficiencies, in internal control over financial reporting (ICFR), such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.” The Sarbanes-Oxley…
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.…
Talking Shop
February 14, 2024

Talking Shop: Limits in Treasury for Approving Funds Transfers

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: Setting limits on the size of funds transfers that individuals on a treasury team can approve is a basic part of effective risk management, good governance and sensible treasury policies. The question is how to determine the dollar amounts. For context on the issue, NeuGroup Insights reached out to members with longtime…
Talking ShopTax
January 17, 2024

Talking Shop: How Do You Process Tax Payments?

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]. Member question: “I wanted to ask how your organizations process tax payments (federal, state, sales and use, etc.)? Through your ERP system, via manual wires, direct debit or using outside vendors?”NeuGroup Insights asked the questioner about the circumstances at his company that led to his question. His reply: “Tax payments are very complicated,…
Risk ManagementTalking Shop
December 7, 2023

Talking Shop: Defining the Scope of Fraud Risk Assessments

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: Fraud risk assessments performed by internal auditors are designed to identify a company’s vulnerabilities to internal and external fraud, including embezzlement, asset misappropriation, misstatement of financial information, corruption and cybercrime. According to a position paper by The Institute of Internal Auditors, “organizations should have robust internal control procedures to limit the risk of fraud,…