February 21, 2024

Seeking Solutions, Pushing Banks for Change on Signer Management

As NeuGroup members unite to lobby banks, digital signer portals from Citi and J.P. Morgan create buzz. Frustration with the inefficiencies of tracking and updating signers on bank accounts has pushed some members of NeuGroup for Global Cash and Banking to form a subgroup to present a united front in asking banks for digital solutions and standards that will provide real-time visibility to signer data (Step 1) and, ideally, make it possible for that data to flow directly into treasury management systems…
FP&ATechnologyTreasury Management
February 14, 2024

Sharpening Treasury’s Strategic Profile Means More Collaboration

Members share the rewards and obstacles of collaborations with FP&A, tech, tax and other functions.Top treasurers are growing into more strategic roles and playing a greater part in decision-making at companies where finance is valued as true partner of the business. The function’s broader profile means treasury teams need to collaborate effectively and frequently with a variety of other functions within the enterprise. Doing that well ultimately pays off, but isn’t always easy. In a recent session of NeuGroup for High Potentials, treasury…
Cash & Working CapitalTechnologyThe NeuGroup Insights Interview
February 14, 2024

Battling Bias To Boost Small Businesses: C2FO CEO Sandy Kemper

The CEO of a working capital platform says early payments can level the field for minority- and women-owned businesses. A slowing US economy and elevated interest rates are putting renewed focus on working capital management and the obstacles faced by many minority- and women-owned small businesses in obtaining bank loans in the current regulatory environment. One way around the problem: early payments that allow vendors to get paid faster and offer buyers a discount. In a NeuGroup video you can watch by…
February 7, 2024

Taking Advantage of the Cloud Stall

Smart treasuries are building and testing solutions to drive transformation, not waiting for cloud-based ERP implementations.By Joseph Neu NeuGroup’s 2024 Treasury and Finance Agenda Survey provides a backdrop that helps illuminate how smart treasuries are not letting what I have dubbed the “cloud stall” impede their progress toward digital transformation. The stall occurs when treasury waits for an enterprise to implement a cloud-based ERP—and the treasury functionality ERP vendors are developing—to drive technological advancement. By contrast, smart treasuries are taking advantage…
January 24, 2024

Speeding Ahead: How EY Fueled a Six-Month TMS Takeoff

Working with EY, one corporate went from the RFP stage to actively making FX hedge trades in half a year. When one employee responsible for a corporate global order-to-cash process was tasked with upgrading to a new TMS—during a company-wide S/4HANA implementation—she knew she was in for a long and bumpy ride. But with the help of EY, the company was using the TMS for hedging in less than a year, with more functionality still to come. In a recent…
TechnologyThe NeuGroup Insights InterviewTreasury Management
January 24, 2024

A Citi Expert’s Mission: Help Treasury Leaders Reach New Heights

Citi’s Ron Chakravarti discusses the keys to treasury success on a new episode of the Strategic Finance Lab podcast.Few people in the world of banking know as much about how corporate treasury teams can raise their games and bring more value to companies than Ron Chakravarti, head of global treasury advisory at Citi Treasury and Trade Solutions. His insights are backed by the experience of advising hundreds of companies looking to improve their management of liquidity, working capital and risk. In…
January 17, 2024

How SAP Helped Clean Up a Messy, Fragmented Treasury Landscape

Using SAP’s FX risk solutions across its hedging portfolios is paying off for one company where SAP is the sole ERP. Adopting SAP’s risk management solution to manage FX risk has allowed the treasury team at one NeuGroup member company to reduce manual tasks, use real-time data to increase agility and enhance data analytics, optimize its hedging programs and save money by retiring non-integrated, third-party treasury applications. At a recent meeting of NeuGroup for Foreign Exchange, the company’s senior financial risk…
Risk ManagementTechnology
January 4, 2024

Rates, Credit Risk and AI: The Best of NeuGroup Insights 2023

Popular posts telling the story of 2023, including volatile interest rates, bank counterparty credit risk and early treasury use cases for AI. Top NeuGroup Insights of 2023. We are looking back at the 10 NeuGroup Insights posts that resonated most with members, sponsors and other readers during the past 12 months. These popular articles help tell the story of 2023 and merit reviewing or reading for the first time because they retain their relevance—for better or worse—as treasury and finance teams…
BankingCash & Working CapitalTechnology
December 13, 2023

A Journey With J.P. Morgan To Improve Cross-Border Payments

How one member uses the blockchain-based JPM Coin System to streamline cash sweeping. One NeuGroup member whose company operates in Asia, North America and Europe faced a persistent issue with cash trapped in bank accounts after closing hours. To address the problem, he was invited to collaborate with Onyx by J.P. Morgan—and in the process helped shape a new infrastructure for instant payments built on the blockchain. The member, along with a small group of peers, worked with team members from…
Risk ManagementTechnology
December 7, 2023

Flying Into AI Use Cases, an Internal Auditor Turns to Copilot

Microsoft’s Copilot helps pave the way for more use of AI by auditors and others at corporates embracing change. One NeuGroup member who is an early adopter of Copilot, Microsoft’s assistant for using generative AI within its Office suite of products, demonstrated the usefulness, efficiency and power of large language models (LLMs) like ChatGPT by presenting at a recent NeuGroup meeting with a slide deck generated in part by—you guessed it—AI. The presentation, delivered at the fall peer group meeting of NeuGroup for…