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The NeuGroup Insights Interview

ESGInvestment ManagementThe NeuGroup Insights Interview
November 13, 2024

Banking On a Greener Future: Aligning Deposits And Climate Goals

A study revealed that a majority of one member’s customers face climate change impacts, sparking a shift toward sustainable banking solutions. For one NeuGroup member company, a recent survey highlighted a critical reality: climate change is no longer a distant threat, but a present-day challenge. The report gauged the experiences of the company’s customers in regions such as North Carolina and Florida, revealing that more than half of them are already feeling the impacts of climate-related disruptions on their businesses.…
Justin Jones
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TechnologyThe NeuGroup Insights Interview
November 6, 2024

Tech in Tandem: Generative AI, ML and the Future of Finance

A vision from Mastercard’s Nima Sepasy of how combining emerging technologies will shape the office of the CFO. In a video you can watch by hitting the play button below, Mastercard Senior Vice President for Innovation, Insight and Engagement Nima Sepasy shares his views on how machine learning and generative AI—often used in tandem—will help shape the office of the CFO in the future. While deep learning and machine learning models “will do the heavy lifting,” he says, generative AI will provide…
Justin Jones
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Pension and BenefitsThe NeuGroup Insights Interview
October 30, 2024

Solving Problems with Spreadsheets, Conviction and Empathy

Todd Thorsen, who overhauled the 401(k) plan while at Medtronic, says ‘cognitive empathy’ is key to collaboration. Todd Thorsen’s 27-year career in corporate finance and investing has not been carefully choreographed. “I’d love to say there was a master plan, but there really isn’t for me,” he says in the in the latest Strategic Finance Lab podcast available on Apple and Spotify. “It’s kind of happenstance and chasing the interesting things—that’s kind of driven my career.” The road he took includes stints at General Mills,…
Justin Jones
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TechnologyThe NeuGroup Insights InterviewTreasury Management
October 16, 2024

Bechtel’s Treasury Team Finds Value in Tech-Savvy Talent

Bechtel’s Dan Degagne and fintech specialist Shayly Nguyen share treasury’s approach to integrating tech in treasury. Breaking down traditional barriers between finance and technology teams is transforming the way treasury departments tackle digital transformation initiatives. At Bechtel Corporation, assistant treasurer Dan Degagne embraced this approach by recruiting fintech expert Shayly Nguyen from the company’s IT team to join treasury, significantly enhancing efficiency and productivity. In the latest Strategic Finance Lab podcast you can listen to now on Apple and Spotify, NeuGroup’s Justin Jones speaks with Mr. Degagne and Ms.…
Justin Jones
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Pension and BenefitsThe NeuGroup Insights Interview
October 2, 2024

How Being ‘Like Water’ Helped One Man Revamp Medtronic’s 401(k) Plan

Todd Thorsen’s yearslong persistence and patience eroded obstacles and flowed to a superior plan for participants. From concept to completion, Todd Thorsen spent more than five years overhauling the 401(k) defined contribution plan at Medtronic. He wanted participants to have access to what the company offered in its pension plan—customized investment options that provided employees and retirees more diversification and flexibility at very low costs. In a video you can watch by hitting the play button below, Mr. Thorsen says he approached…
Justin Jones
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Cash & Working CapitalTechnologyThe NeuGroup Insights Interview
September 25, 2024

Exceeding a Skeptic’s Expectations: ML for Cash Forecasting

Bechtel’s machine learning models outperformed traditional cash forecasts, happily surprising AT Dan Degagne. Earlier this year, Bechtel assistant treasurer Dan Degagne spearheaded an in-house project to develop a machine learning (ML) model designed to relieve some of the pain of generating accurate cash flow forecasts—a challenge shared by just about every company in the NeuGroup Network. Mr. Degagne had doubts about the ultimate outcome. But in a new NeuGroup Insights video you can watch by clicking the play button below, he says he was…
Justin Jones
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Cash & Working CapitalThe NeuGroup Insights Interview
May 22, 2024

Fast Funds: Finding a Fit for Real-Time in the Payment Frontier

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…
Justin Jones
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The NeuGroup Insights InterviewTreasury Management
May 15, 2024

Responding to Inner Voices: How Women Can Overcome Self-Doubt

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…
Justin Jones
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The NeuGroup Insights InterviewTreasury Management
May 8, 2024

The ‘Crazy Hunger’ Behind a Treasurer’s Decision to Leave HP

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.…
Justin Jones
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FXRisk ManagementThe NeuGroup Insights Interview
April 17, 2024

Seeing Risk Through an Auditor’s Sharp Lens: Bill Brewer of BMS

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…
Justin Jones
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