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Technology

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…
Justin Jones
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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…
Justin Jones
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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…
Justin Jones
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FXTechnology
November 7, 2022

The Science of FX Exposure Management

FX volatility and economic uncertainty are putting pressure on treasury to optimize risk management programs and provide management and the business with insight and foresight on how currency moves can impact revenue and the P&L. FX risk managers are under the microscope. “For the last six months, there’s been more intense attention on what my team is doing than for the past five years,” said a member of NeuGroup for Foreign Exchange. He is not alone. The US dollar’s ascent,…
Justin Jones
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BankingTechnology
November 3, 2022

Sizing Up APIs: the Right Piece to Solve a Treasury Data Puzzle?

APIs offer flexible connectivity between systems, but widespread adoption by treasury faces several obstacles. Treasury organizations are hungry for data, but visibility into it is hampered by a fractured system environment and lack of standardization, both within finance and with external partners. Short of implementing a single ERP with built-in modules, finding a way to access enterprise information on a real-time basis has been difficult for often resource-starved treasury organizations. A new bridge for data. While complete system consolidation is not…
Justin Jones
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FXTechnology
October 27, 2022

FX Dashboards: Essential Tool to Manage the Volatility Narrative

Real-time dashboards help treasury risk managers tell the FX story, but collecting front-end data remains a challenge. Extreme volatility in foreign exchange markets has underscored the importance of technology tools, systems and solutions that enable companies to better monitor and manage their FX exposures. And for multinationals with far-flung operations, nothing beats a real-time dashboard to keep on top of the FX narrative, experts at Chatham Financial said at a recent NeuGroup for Mega-Cap Assistant Treasurers meeting. The key for companies with…
Justin Jones
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NeuGroup ViewpointTechnology
October 20, 2022

Connecting the Dots

Why the level of connectivity among people, processes and systems is the key to unlocking finance’s true value. By Nilly Essaides Finance used to sit in an ivory tower. Over time, brick by brick, we have been dismantling the walls that kept the finance organization separate from other functions and business operations. However, there remain barriers to connecting finance professionals, processes and systems within the function and throughout the enterprise. These structural impediments create unnecessary friction and information gaps that…
Antony Michels
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FXTechnology
October 13, 2022

Macros on Steroids: How FX Teams Use Everyday Automations

Many FX risk managers are working to get out of Excel and automate more processes. “When it comes to treasury and finance upscaling, aside from the big TMS systems, who is using what?” That question from an FX risk manager sparked discussion at the second-half meeting of NeuGroup for Foreign Exchange 2, sponsored by Societe Generale, as members shared a variety of approaches ranging from tapping a team of dedicated treasury engineers to using less sophisticated, more user-friendly tools. And the trend was…
Justin Jones
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CryptoTechnology
September 22, 2022

How to Climb the Crypto Learning Curve

Just-released NeuGroup Peer Research reveals that despite the turmoil in the cryptocurrency market, treasury’s efforts to become crypto-ready remain on track. The summer of 2022 wrought havoc on the cryptocurrency market; however, the extreme volatility did not undermine corporate treasuries’ resolve to become more crypto-fluent. While the headlines were disturbing, crypto payments have now become an inevitability for companies, and to ignore crypto can mean missing important strategic growth opportunities. In our most recent NeuGroup Peer Research report, A Treasurer’s Guide to Becoming…
Justin Jones
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BankingTechnology
September 15, 2022

The Need for Speed: How APIs Simplify Bank Connectivity

Real-time bank connectivity is the future—but NeuGroup members have yet to embrace APIs. In a recent NeuGroup member survey, 64% of respondents said they currently do or plan to have real-time connectivity to bank data, but only 16% said they’re currently using bank APIs—one critical key to real-time data. This is likely due to the overwhelming number of APIs that different banks use, and a lack of standardization. As you can see in the chart below, 29% of members that…
Justin Jones
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