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Technology

Cash & Working CapitalRegionalTechnology
January 7, 2021

Raising the Bar: How AI, ML and Big Data Could Fix Cash Forecasts

Asia Treasury members discuss how advanced technology may boost satisfaction with forecasting tools.  A quick poll at a fall meeting of the Asia Treasury Peer Group sponsored by Standard Chartered underscored both the dissatisfaction of members with their cash forecasting tools and the intensifying scrutiny of cash positions by senior management since the beginning of the pandemic. None of the treasurers polled are highly satisfied with their current set of tools: 60% have low satisfaction and 40% said medium. All of…
Justin Jones
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COVID-19TechnologyTreasury Management
January 7, 2021

The Post-Covid Playbook: WFH Flexibility and Office Collaboration

The goal is keeping the good parts of work from home, replacing the bad with the benefits of office teamwork.Corporates looking ahead to a post-Covid world are taking stock of how the shift to work from home (WFH) has changed the ways that teams function—for better and worse. This requires weighing the beneficial flexibility offered by remote work against the detrimental loss of collaboration that is only possible when people are in the same building. As some companies consider abandoning…
Justin Jones
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Cash & Working CapitalTechnology
January 5, 2021

Getting Granular: A Tool to Dig Deeper and Improve Cash Forecasts

How Cashforce built a stronger foundation for one member’s cash flow forecasting and working capital optimization.Covid-19 shook the foundations of cash flow forecasting and working capital management for companies facing uncertainty about revenues, vendor payments, appropriate inventory levels and adequate cash reserves. At a recent NeuGroup virtual interactive session, one participant impressed others by describing how a fintech solution provided by Cashforce a year earlier allowed his company to dig into the weeds of business operations, examining line-item details of…
Justin Jones
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Capital MarketsESGTechnology
December 22, 2020

Best of NeuGroup Insights 2020

2020 was a year to remember—even if it left us with much we would rather forget. Editor’s note: The power to move forward is the best gift any of us will receive this year. In 2021, our team will use that gift to redouble our efforts to bring you valuable insights that help you thrive in an uncertain world. You can read those insights here on our website or by signing up for our email newsletter (click here). This week’s newsletter, our…
Justin Jones
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BankingCapital MarketsTechnology
December 15, 2020

Is the Corporate Bond Market Ready for Digital Transformation?

Former NeuGroup members look to convince today’s treasurers that the current system needs to change. By Joseph Neu In the wake of a record year for corporate debt issuance—around $2 trillion in the US alone, generating estimated fees for banks topping $8 billion—this is a good time to assess if the corporate bond market needs transformation. As part of a new series of virtual interactive sessions on fintech solutions to perennial treasury and finance function challenges, NeuGroup hosted a session…
Justin Jones
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ComplianceRisk ManagementTechnology
December 10, 2020

How to Engineer Complicated Engineering Audits

Recruiting engineers to join audit teams bolsters accuracy as well as credibility.Highly technical engineering audits can be among the most challenging for internal auditors. A member of NeuGroup’s Internal Auditors’ Peer Group (IAPG) queried fellow internal auditors in a recent meeting about what parts of engineering they audit and the makeup of those auditing teams. Expertise in short supply. A peer said engineering takes up more than 30% of his team’s 100-audit plan, and one of the challenges is finding sufficient…
Justin Jones
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COVID-19RegionalTechnology
December 10, 2020

Asia Tech Companies Optimistic for Post-Covid Growth

Key takeaways from the AsiaTech20 Treasurers’ Peer Group pilot meeting sponsored by MUFG.By Joseph NeuBe prepared for global optimism. The global economic outlook is overwhelmingly positive with Covid-19 vaccines nearing distribution. Plus, a new administration in the US brings an expectation for economic growth to take on a more global scope, with Asia expected to outperform. For this reason, tech treasurers in Asia have also pivoted from enduring the crisis through stockpiling capital and liquidity to preparing to go on…
Justin Jones
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Libor SOFRTechnology
December 8, 2020

The Voyage to SOFR: TMS Headwinds for Some, Tailwinds for Others

Corporates weigh vendor readiness, the time and expense of updates and devise workarounds amid Libor transition.Corporate treasurers trying to prepare for the transition from Libor to new indices like SOFR and other alternative interest rates are assessing the readiness of their TMS vendors. Many need to decide whether to spend the time and money necessary to upgrade systems or rely on third parties or devise their own solutions instead. While a proposed extension for legacy Libor contracts may provide some…
Justin Jones
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FXRisk ManagementTechnology
December 8, 2020

An Early Warning System to Flag Excessive Counterparty Credit Risk

One corporate’s proactive approach to measuring and managing FX and other counterparty exposures.Using credit ratings from S&P, Moody’s and Fitch is one way corporates establish maximum credit limits with counterparties. But at a meeting of FX risk managers sponsored by Wells Fargo this fall, one company described some shortcomings of that “classic approach” and explained an alternate method that enables it to take action before exposures reach unacceptable levels.Proactive vs. reactive The company’s director of liquidity and investment management said…
Justin Jones
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Capital MarketsTechnologyTreasury Management
December 8, 2020

Strengthening Treasury’s Capabilities by Developing Internal Talent

Key takeaways from the Treasurers’ Group of Thirty 2020 H2 meeting, sponsored by Standard Chartered.By Joseph NeuMove up the treasury learning curve. This group has a disproportionate number of treasurers who are new to their role. Several come from the tax side and a few were brought in to build or expand their company’s treasury capabilities. All are moving quickly up the learning curve and helping their bosses appreciate the importance of strategic treasury capabilities. Covid-19 has helped make their…
Justin Jones
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