FXTalking Shop
November 2, 2023

Talking Shop: The Pros and Cons for FX of More Frequent Netting

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 gross magnitude of inter- and intracompany payables and receivables at multinational companies has made intercompany netting processes essential for efficient global cash operations. With proper setup, an effective netting program will reduce foreign exchange and payment costs, simplify transaction and reconciliation processes and optimize cash concentration. Similarly, the practice of centralizing the buying…
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,…
BankingRisk ManagementTalking Shop
October 5, 2023

Talking Shop: Account Verification Solutions for Payments Fraud

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: Payments fraud remains a significant threat to corporates—although some research shows it declined in 2022. The 2023 AFP Payments Fraud and Control Survey reported that 65% of organizations surveyed were victims of reported or actual payments fraud last year. That’s down from 71% in 2021 and the lowest percentage of fraud activity since 2014,…
InsuranceRisk ManagementTalking Shop
September 21, 2023

Talking Shop: Charging Stores for Workers’ Comp Insurance Claims

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: Members of NeuGroup for Retail Treasury represent a variety of businesses that operate thousands of stores, restaurants and other retail outlets where the safety of customers and workers is a preeminent priority. But accidents inevitably occur. So it’s essential that companies managing the risk of people being injured at their facilities have workers’ compensation…
FXTalking ShopTechnology
September 7, 2023

Talking Shop: FX Dashboards Made With Tableau or Power BI

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: FX dashboards are an extremely useful tool for treasury teams managing currency risk and shaping the narrative delivered to C-Suite executives about treasury’s ability to hedge the impact of FX rate swings. Well-designed dashboards—some using real-time data—allow risk managers to monitor exposures and dynamically illustrate cash flow, balance sheet and other important areas affected by FX…
Risk ManagementTalking Shop
August 23, 2023

Talking Shop: Revisiting Enterprise Risk Categories

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: Ted Howard, peer group leader of NeuGroup for Enterprise Risk Management, offered this context on the subject of enterprise risk categories: “When it comes to ERM, companies frequently use a variety of risk categories and standards to build programs tailored to their needs. The specific standards and categories used by ERM teams are based…
Talking ShopTax
July 27, 2023

Talking Shop: Tax Withholding Methods for Restricted Stock Units

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: Restricted stock units (RSUs) are a form of equity-based incentive compensation awarded to employees. They allow corporates to delay dilution caused by issuing stock until a vesting period is complete, often linked to the employee’s performance or their time at the company. Like with other forms of compensation, RSUs require the employer…
Risk ManagementTalking Shop
July 19, 2023

Talking Shop: Who Owns Global Workers’ Comp Insurance?

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: Oversight of insurance—policies for directors and officers, property, cybersecurity, product liability and other risks—is among the responsibilities of many finance organizations in the NeuGroup Network. As for workers’ compensation coverage, one treasurer and NeuGroup member responsible for insurance at his current and former employer said, “my experience is that the department which…
Risk ManagementTalking Shop
June 14, 2023

Talking Shop: How Many Pages Is Your Internal Audit Charter?

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: International standards followed by The Institute of Internal Auditors (IIA) require that companies review their internal audit (IA) charters annually. An IA charter provides organizations with a “blueprint for how IA will operate” and helps audit committees (ACs) “clearly signal the value” they place on IA’s independence, according to the IIA. The professional association says an IA…
Cash & Working CapitalTalking Shop
May 4, 2023

Talking Shop: Retailers Read Credit Card Tea Leaves

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: How much consumers spend and how they pay for what they buy are critical topics for members of NeuGroup for Retail Treasury trying to manage risk and run forecasts amid fears of recession and abundant economic uncertainty. Retailers are closely tracking data showing a slowdown in spending while at the same time parsing info on purchases made…