Senior ExecutiveTreasury Management
February 20, 2020

Mike Likes It, but Would Your Team Vote for an Open-Office Plan?

Open-office plans like the one Mike Bloomberg adopted at City Hall have fans and skeptics. Where do you stand (sit)? Presidential hopeful Mike Bloomberg in December tweeted the picture above of the “bullpen” office he had as New York City mayor and wrote, “I’ll turn the East Room into an open-office plan, where I’ll sit with our team.” No one can say if that will ever happen, of course. But the subject of open-office plans definitely sparked interest at a…
Risk ManagementTreasury Management
February 6, 2020

Crisis Management Brings Executives Together

Having a crisis response plan can help make the company more resilient now and later. Following a framework for crisis response planning that engages management as well as the board can create significant political capital for internal audit, not to mention better prepare the company for crises that may arise. Multipurpose framework. The head of internal audit at a major government contractor said in a recent NeuGroup meeting that his company uses the National Fire Protection Association 1600 Standard on…
Senior ExecutiveTreasury Management
February 4, 2020

Appealing to Millennials and Gen Zers: The Academic Perspective

Insights from the Foster School of Business on what today’s MBAs want—and what treasurers have to say. Corporates who want to hire MBA finance graduates face a highly competitive market and are well served by knowing what the current crop of millennials and Gen Zers value most when weighing job offers. That was among the key takeaways from a presentation by faculty and administrators at the University of Washington’s Foster School of Business to the members of a group of…
Risk ManagementTreasury Management
January 30, 2020

Managing FX in Currency Tiers to Control Cost, Workload

Why one company’s treasury spreads currency management among teams for large exposures, currency clusters and “tier two” currencies. At a recent NeuGroup meeting of treasurers in Europe, one member shared how his company manages FX risk management-related costs and workload by considering currencies in tiers. Global policy, local execution. Generally speaking, at this company, corporate treasury at HQ is responsible for the framework and policies and the global hedging approach, but local (in-country) treasury staff implement the hedging strategy with…
TechnologyTreasury Management
January 23, 2020

Do You Need Outside Help for TMS Implementation? Maybe

Consultants can help TMS implementations, but practitioners retain some skepticism. Implementing treasury management systems (TMS) is an arduous and complicated task that can benefit significantly from outside expertise but maintaining a skeptical eye can optimize the outcome. ATLG members who had implemented TMSs expressed horror at the notion of returning to Excel spreadsheets. Nevertheless, TMS vendor consolidation and other factors have worsened already sketchy vendor support services, increasing the need for outside help and expertise. The peer group of assistant…
RegionalSenior ExecutiveTreasury Management
January 16, 2020

A High Bar: Lowering Corporate Expectations and Under-delivering Successfully

Slower economic growth and tighter consumer credit put pressure on finance chiefs in Asia. The subdued mood among participants at a recent NeuGroup meeting of CFOs in Asia reflected the difficulty many members say they are facing as China’s economic growth slows and business conditions worsen, while expectations for revenue growth at corporate headquarters remain unrealistically high. Managing expectations. The key challenge, then, for some members is managing the expectations of those in the C-Suite who still want 10% revenue…
Capital MarketsTreasury Management
January 14, 2020

Love It or Hate It, ESG Is a Key Theme for 2020

Founder’s Edition, by Joseph Neu Reasons you can’t afford to leave ESG off your priority list. ESG and related themes of sustainability and green finance are polarizing. Nearly everyone sits on a spectrum where one end thinks it’s all a bunch of hooey and the other argues it’s the key driver of finance for the next decade. Personally, I feel conflicted—one reason ESG didn’t make my initial list of key 2020 issues. Mixed feelings aside, I’m convinced the decade ahead…
Treasury Management
January 10, 2020

Making Better Use of Data to Manage Risk

Cognitive risk sensing identifying and mitigating risk into dynamic process. Cognitive risk sensing (CRS) is said to be the next frontier in terms of analyzing risk and addressing it in a dynamic fashion. But the approach, which should be especially helpful for internal audit (IA) and other risk functions, is still in its infancy for most organizations. Neil White, risk and financial advisory principal and global internal audit analytics leader at Deloitte, said organizations have used structured data from areas…
InsuranceTreasury ManagementUncategorized
January 9, 2020

Rising Insurance Premiums Inflict Pain, Require Pushback

D&O prices spike as insurers respond to a surge in claims following a Supreme Court decision. Rising insurance premiums had treasurers and assistant treasurers at a recent NeuGroup meeting using plenty of colorful language to describe the current market for coverage and the pain some carriers have caused with their initial pricing proposals. Among the tamer comments, one member said the directors and officers (D&O) market is the “ugliest in years” and that “a lot of frustration” erupted in her…
NeuGroup NewsTechnologyTreasury Management
January 7, 2020

Reimagining the Finance Future in 2020

Founder’s Edition, by Joseph Neu Five items for finance leaders to focus on in 2020 and beyond. 2020 is upon us and the year itself has vision and foresight in its name. Accordingly, it affords us all an opportunity to seek clarity on not just what the year will bring but also a view of what’s in store for the new decade. For finance practice leaders, I see five issues to focus on starting this year and for the coming…