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…
February 7, 2024
Fitch Economist Olu Sonola Sees Mixed Bag for Corporates in 2024
Companies face cooling inflation but elevated wage growth amid a slowing economy with recession unlikely. In a Strategic Finance Lab podcast you can listen to on Apple and Spotify, Fitch Ratings’ head of US Regional Economics Olu Sonola paints a relatively positive picture of the economic outlook in 2024, thanks in large part to the strength of the US consumer and declining inflation. “The balance sheet of the US consumer is very, very strong,” he tells NeuGroup Peer Group leader Andy Podolsky in the podcast recorded in December 2023…
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 10, 2024
Unlocking Success: The Impact of Treasury Leadership
Citi global head of treasury advisory Ron Chakravarti on what separates the highest-performing corporate treasuries.A recent Citi GPS study, Treasury Leadership: Does It Matter?, reveals that corporations scoring high on measures of treasury sophistication and automation showed the highest earnings-to-revenue ratios. In other words, the answer to the question posed in the study’s title is resoundingly “yes” when financial performance is what matters most. In a NeuGroup video you can watch by hitting the play button below, Citi managing director Ron Chakravarti,…
December 20, 2023
How a P&G Tax Whiz Quickly Got Comfortable Running Treasury Too
Tadd Fowler’s deep engagement in treasury activities, a masterful team and helpful peers got him up to speed. Tadd Fowler wears two big hats at Procter & Gamble, the world’s largest consumer goods company. He’s head of global tax operations—a natural fit for a former PwC tax partner—and also took on the treasurer role in 2021. In a Strategic Finance Lab podcast you can listen to on Apple and Spotify, he explains how an accountant steeped in the world of tax “got very comfortable very quickly”…
December 13, 2023
Tied to the Business When Crisis Hits: P&G Treasurer Tadd Fowler
At P&G, treasury and tax are “tied at the hip” with the business in countries where instability and volatility prevail. Many multinationals and their finance teams have extensive experience operating in countries in the throes of economic and geopolitical turmoil. Most have used what they’ve learned from managing amid hyperinflation, currency devaluation and war to prepare for future crises. Among them is NeuGroup member company Procter & Gamble. In a NeuGroup video you can watch by hitting the play button below, Tadd Fowler,…
November 16, 2023
Dealing with ‘Derailers’ in Board Presentations: Tips from a Pro
A former CFO of Merck offers tips for treasurers to stay on track if board directors lob off-topic questions. When Peter Kellogg was CFO of Merck during the 2008 financial crisis, the greatest challenge he faced during board presentations came when directors peppered him with questions based on what they had read, seen or heard in the media or elsewhere. This is one example of what he calls “derailers”—questions about subjects that don’t affect the company directly, are not relevant to the…