The Clearing House CEO David Watson on how his company’s RTP Network can fit into a corporate’s payments infrastructure. The buzz around real-time payments among NeuGroup members has picked up since the launch last year of the Federal Reserve’s FedNow system. It joined the RTP Network, introduced by The Clearing House in 2017, and various blockchain-based platforms as options for instant USD payments. However, low limits on transactions ($1 million for RTP, $500,000 for FedNow) and a lack of use cases are reasons some treasury teams have…
Medtronic treasurer Sheila Quintus says overcoming doubts that undermine confidence requires introspection. In the view of Medtronic treasurer Sheila Quintus, not all the obstacles to advancement faced by women in the workplace are external. In a new NeuGroup Insights video you can watch by hitting the play button below, Ms. Quintus says that in her experience, “inner voices” that plant the seeds of doubt are the biggest impediment to taking risks. She believes it’s a trap many women fall into. “I…
Comforted by finding a great candidate to succeed him, Zac Nesper left a job he loved to be ‘truly present’ for his kids.Zac Nesper worked long and hard to become treasurer of HP in 2018 after being, in his words, “passed over five times” for the job. He thrived in the role, has a passion for treasury and has high praise for “great bosses” who gave him opportunities and responsibilities in treasury and other areas within finance. So why did Mr.…
Bristol Myers Squibb’s Bill Brewer on what treasury can learn about risk with an auditor’s mindset and perspective.Effective financial risk management is a fundamental component of how treasury delivers value to a business. And treasury’s skills managing risk have been put to the test repeatedly and profoundly in the last few years amid the pandemic, spiking interest rates, bank failures, wars and more. At Bristol Myers Squibb, treasury has risen to the challenge thanks in part to the expertise of a…
Sheila Quintus is a believer in service and treasury’s critical role in enabling Medtronic to fulfill its medical mission.Medtronic treasurer Sheila Quintus has a deeply-held belief in service that makes working at a medical device and technology company whose primary mission is to contribute meaningfully to human welfare a natural fit. She sees treasury’s purpose as connecting the fulfillment of Medtronic’s central mission with the need to deliver strong financial performance that will support growth. In a new NeuGroup video you can watch by…
Fintech founders Ed Barrie, Steve Helmbrecht and Nathan Brown explain what compelled them to reunite. The most sophisticated finance and treasury teams are ahead of the curve in turning heaps of data into actionable insights, often with the aid of visualization tools that tell a story better than just facts and figures. A fintech called Treasury4 wants to make data-driven decision-making more accessible than ever for corporates of any size. In the newest episode of NeuGroup’s Strategic Finance Lab podcast—available now on Apple and Spotify, and sponsored…
Mr. Nesper’s total trust in Andrea Noseda’s abilities provided the confidence to leave a job and company he loved.After years of thinking about leaving a company and a job he loved to spend more time with his family, former HP Inc. treasurer Zac Nesper found the right internal person to succeed him: Andrea Noseda, a treasury novice back when he hired her for a capital markets role four years earlier (today she’s an expert). In a new NeuGroup video you can watch by hitting…
February 28, 2024
Balancing Act: A Former Auditor’s Perspective on Financial Risk
A Bristol Myers Squibb risk manager shares how a balanced approach to controls can optimize treasury efficiency. The multifaceted job of financial risk management within corporate treasury includes the effective use of controls to mitigate all sorts of potential threats to a company’s financial stability. But don’t let controls get out of control—implementing too many of them to manage financial risks can inadvertently create operational risks. That’s a key takeaway from a recent NeuGroup conversation with Bill Brewer, associate director of financial risk…
February 28, 2024
C2FO’s CEO: Early Payment Proponent, Financial Friction Foe
The views of Sandy Kemper—entrepreneur, rancher and former bank CEO—on the Strategic Finance Lab podcast. C2FO CEO Sandy Kemper, in a Strategic Finance Lab podcast interview you can listen to now on Apple and Spotify, describes how the fintech he founded in 2008 provides fast, flexible access to low-cost working capital to suppliers, some of whom struggle to get bank loans. C2FO’s platform enables large corporations to pay their suppliers early in exchange for a discount set by the supplier. Mr. Kemper says early…
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…