TechnologyThe NeuGroup Insights Interview
January 15, 2025

Gen AI’s ‘Inherent Superpowers’: An Innovation Expert’s Vision

Insights from Mastercard’s Nima Sepasy on finance use cases for solutions built with emerging tech like generative AI.Finance leaders who may be a tad tired of questions from senior executives or board members on how they plan to put the magic of generative artificial intelligence to work should not let the hype overshadow this reality: Gen AI has “inherent superpowers” they can tap to reach higher levels of accuracy, efficiency and transformation in areas including cash forecasting, liquidity management and…
RegionalTechnologyTreasury Management
January 9, 2025

Looking Back, Looking Forward: The Best of NeuGroup Insights

What to Watch in 2025. Welcome back! NeuGroup Insights is kicking off 2025 with a look at some of the key treasury and finance themes NeuGroup founder and CEO Joseph Neu will be watching closely this year. It’s no surprise to those of us who know him that Joseph’s list is weighted toward technology that is transforming treasury and bringing the future of finance forward. But in keeping with our belief that technology exists to serve societies and help individuals thrive, his first entry concerns the…
BankingTalking ShopTechnologyUncategorized
December 18, 2024

Talking Shop: How To Remove Employees’ Bank Portal Access Faster

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 corporations with hundreds of bank accounts at dozens of banks spread across the globe face some major challenges. One big pain point: efficiently tracking and updating which employees have access to online banking portals and who among those people are authorized signers. The challenge is twofold: Treasury has to manage whose…
TechnologyTreasury Management
December 4, 2024

Expanding Treasury’s Role and Influence: A Vision for 2030

A Citi GPS report offers ways treasury can modernize to avoid irrelevance in an increasingly real-time world.Put aside, if only for a moment, the challenges and opportunities treasury teams will face in 2025. Consider instead what they need to do in the next five years to expand the function’s role and influence. This week, in a report titled Treasury 2030, Citi GPS offered its vision of how treasury can develop into a more proactive, strategic partner enabling business growth. The provocative…
Cash & Working CapitalTechnology
November 20, 2024

A Treasury Dashboard Drives Better Working Capital Management

A member leads a cross-functional, strategic digital transformation project to improve working capital management. Treasury at one multinational corporation is leading a digital transformation project to improve working capital management. At the center of the initiative is a new dashboard, still in its early stages, described in detail at a recent meeting of NeuGroup for EMEA Regional Treasury. Here is a brief overview of the dashboard prepared by the presenter for NeuGroup Insights.Starting point: aged AR. Treasury began the project by targeting…
Risk ManagementTechnology
November 13, 2024

To RMIS or not to RMIS: Risk Managers Weigh Tech Tools

Members weigh the pros and cons of implementing a risk management information system, which aggregates a company’s risk data. Companies with significant data needs and large teams are turning to risk management information systems (RMIS) to manage an ever-growing list of risks. These tools can offer solutions for corporate risk managers looking to improve processes, manage data and support better decision-making. RMIS platforms provide centralized systems to track insurance claims, policies and risk exposures, which can be essential for coordinating…
TechnologyThe NeuGroup Insights Interview
November 6, 2024

Tech in Tandem: Generative AI, ML and the Future of Finance

A vision from Mastercard’s Nima Sepasy of how combining emerging technologies will shape the office of the CFO. In a video you can watch by hitting the play button below, Mastercard Senior Vice President for Innovation, Insight and Engagement Nima Sepasy shares his views on how machine learning and generative AI—often used in tandem—will help shape the office of the CFO in the future. While deep learning and machine learning models “will do the heavy lifting,” he says, generative AI will provide…
Cash & Working CapitalTechnology
October 23, 2024

Digital Payment Conversion: Breaking the Paper Check Chain

Viewpost is another tool for companies to transition “long-tail” suppliers paid by check to digital payments. Many finance teams whose religion is efficiency are eager to convert suppliers that still want to be paid with paper checks into believers in digital payments. But conversation at NeuGroup’s first-ever Working Capital Symposium made it clear there are plenty of challenges standing in the way, even as cutting-edge corporates bring forward-thinking innovation to the payments arena. “We’ve tried a number of initiatives to transition suppliers,”…
TechnologyThe NeuGroup Insights InterviewTreasury Management
October 16, 2024

Bechtel’s Treasury Team Finds Value in Tech-Savvy Talent

Bechtel’s Dan Degagne and fintech specialist Shayly Nguyen share treasury’s approach to integrating tech in treasury. Breaking down traditional barriers between finance and technology teams is transforming the way treasury departments tackle digital transformation initiatives. At Bechtel Corporation, assistant treasurer Dan Degagne embraced this approach by recruiting fintech expert Shayly Nguyen from the company’s IT team to join treasury, significantly enhancing efficiency and productivity. In the latest Strategic Finance Lab podcast you can listen to now on Apple and Spotify, NeuGroup’s Justin Jones speaks with Mr. Degagne and Ms.…
Technology
October 9, 2024

Bloomberg Terminals: How Much More You’ll Pay Next Year

The monthly price for two-year subscriptions will increase 6.5% in 2025. Treasury and finance teams and anyone else who considers the Bloomberg Terminal a must-have tool will pay 6.5% more for two-year subscriptions that begin or renew on or after Jan. 1, 2025. In a letter to customers, the company said, “Consistent with Bloomberg’s historical practice, our price increase is linked to weighted global inflation over the prior two-year period.” The monthly charge for Bloomberg clients with more than one…