Capital MarketsTechnologyThe NeuGroup Insights Interview
February 2, 2023

Tech in the Spotlight: The Outlook for Financing Growth in 2023

Capital markets insights from Bank of the West Head of Technology Banking Andreas Bubenzer-Paim. If you only read the headlines, you might think that every technology company in the world is cutting jobs. But Andreas Bubenzer-Paim, Managing Director and Head of Technology Banking at Bank of the West, knows that layoffs by giants like Alphabet, Microsoft, IBM and other mega-caps are only part of a tech sector landscape which includes thousands of smaller, high-growth tech firms—many still private—that are actively hiring, not…
TechnologyTreasury Management
January 26, 2023

Turbocharging Treasury Automation

Treasurers predict a sixfold surge in the adoption of AI-enabled analytics tools. Cash forecasts are notoriously unreliable, primarily because of limited visibility into current and forward-looking data. However, in a year when liquidity is going to come at a premium, treasury must develop a clearer understanding of where cash is today, and how much more is coming down the pipeline. Cognizant of this need, treasurers responding to NeuGroup’s 2023 Finance & Treasury Agenda Survey ranked improving analytics and modeling capabilities…
FP&ATechnologyThe NeuGroup Insights Interview
January 26, 2023

ChatGPT, AI and the Future of Finance: An FP&A Leader’s Vision

Baxter International FP&A head Aaron Bloomer shares insights on how FP&A can lead finance into the digital future. The buzz surrounding the OpenAI tool ChatGPT has highlighted the power of artificial intelligence and the potential for AI to bring the future of finance forward—in ways that will further disrupt and transform finance organizations. That’s the jumping-off point for a lively Strategic Finance Lab podcast conversation between NeuGroup’s Justin Jones and Baxter International vice president of FP&A Aaron Bloomer about AI, advanced analytics and the leading role finance…
FXTechnology
January 12, 2023

Seeing Is Believing: Micron Collaborates With Procurement To Cut Costs

Treasury at Micron is partnering with the procurement team to mitigate financial risk from supplier contracts. The US dollar and commodity price strength have provided treasury an opportunity to demonstrate its capability to accurately mitigate a company’s financial risk exposure. They have also increased awareness about the consequences of commodity and FX fluctuations at the business-unit level. Micron Technology, a semiconductor company with global operations and heavy manufacturing in APAC, is US-dollar functional across its enterprise. Therefore, procuring tools and…
Cash & Working CapitalTechnology
January 12, 2023

For Treasurers, 2023 Means Going Back to Basics

With companies facing strong economic headwinds, treasurers are doubling down on liquidity management. Treasury’s core mandate is to support the company’s performance by ensuring adequate funding through smart cash management and external borrowing. According to NeuGroup’s 2023 Finance & Treasury Agenda Survey, treasurers plan to make that their number one priority this year (see chart). The survey also showed that treasurers are targeting improvements in analytics and modeling capabilities, which came in at number three this year, up from seven…
Cash InvestmentsTechnology
January 12, 2023

Python Paves the Way for Improved Investment Performance

A NeuGroup member shares his company’s success using data analytics and automation to optimize portfolio returns. Data analytics and automation are increasingly popular tools for corporates looking to optimize the management of their investment portfolios. At a recent meeting of NeuGroup for Cash Investment 1, sponsored by Lord Abbett, two members from a Silicon Valley technology company presented on how they led a four-month project leveraging Python to pull critical data into an Excel spreadsheet on a daily basis to monitor…
FP&ATechnology
January 5, 2023

Outside In: FP&A’s Role in Leading Finance Transformation

After completing finance transformation initiatives at two companies, one NeuGroup member shares keys to success. Accelerating the finance function’s digital transformation is one of the leading priorities for NeuGroup members heading into 2023, as many corporates seek to overhaul outdated, tactical finance organizations and embrace a more strategic, forward-thinking mindset. But where do you start? For Aaron Bloomer, vice president of global FP&A at Baxter International, the answer was simple: FP&A. “I’m a huge advocate of outside-in thinking,” Mr. Bloomer…
D&INeuGroup ViewpointTechnology
December 21, 2022

Bringing the Future of Finance Forward: Reflections on 2022

Key finance themes from 2022 include AI, digital assets, diversity and the role of humans in setting lines of defense.By Joseph NeuHere are six topics that drew my attention this year, all of which bring the future of treasury and finance forward. Diversity and inclusion in finance. It was telling that with everything going on in the world, members of NeuGroup for Mega-Cap Treasurers were most animated at their H2 meeting speaking about efforts promoting greater diversity and inclusion at their financial services…
Technology
December 1, 2022

Mastering Your Data

Data accessibility and availability is at the core of all finance technology transformation. By Nilly Essaides Many finance organizations are fast-tracking automation initiatives, aiming to improve process efficiency and build new capabilities to support an increasingly strategic role. The pressure to reduce process cost and head count is intensifying alongside concerns about a global recession. “We are speeding up our digital transformation,” said a member of NeuGroup for Tech Treasurers at the annual meeting at Carmel Valley Ranch. “I just received my…
TechnologyTreasury Management
November 17, 2022

Clarifying the Vision: A Treasury Priority Road Map Draws Acclaim

Splitting priorities into categories looking forward four years helps align treasury with finance and support business units. A picture of a treasury road map presented at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers was worth considerably more than a thousand words, drawing praise and insights from peers. To create it, the treasury team at the NeuGroup member company provided input about their priorities, helping create a vision and road map across four categories of goals: Operational excellence Global cash and…