Treasury Management
January 19, 2022

Building Blocks To Mitigate Key Person Risk and Boost Resiliency

How finance teams can prepare for the departures of members with valuable knowledge in a tight labor market.The question of how to mitigate so-called key person risk as treasury teams grapple with high turnover and difficulty filling open positions surfaced among members at a fall meeting of NeuGroup for Mid-Cap Treasurers sponsored by Chatham Financial. The broader context of the conversation was a session where Chatham advisors reviewed the key components of risk management—strategy, operating model and technology—and discussed case studies…
CryptoESGTreasury Management
December 29, 2021

Best of NeuGroup Insights, Second Half of 2021

Stories that stood out included posts on cryptocurrency, the effect of ESG on credit ratings, Google’s innovation with SAP, an in-house fintech and a pair of video interviews. Review and reflect. Our final email of 2021 is a baker’s dozen of best posts from the last few months—selected for their topicality (ESG, cryptocurrency, NFTs), detailed descriptions of finance teams meeting challenges (complex spin-offs, post-merger integration, recruiting talent) and focus on key trends in treasury and beyond (right-time finance for FP&A,…
TechnologyTreasury Management
December 15, 2021

The Path to Treasury Value Creation: Automation as an Ally

Technology holds the key to treasury transformation. So how can people on treasury teams add value in the future?The strategic value that treasury teams provide to corporations depends in large part on the ability of finance leaders to adopt and adapt to technology that is transforming treasury while at the same time developing the skills and expanding the roles of the people on those teams. That takeaway surfaced during discussions on the future of treasury by Jean Furter, the treasurer of tech…
Capital MarketsTreasury Management
December 8, 2021

Trading with Real Money: Good Schooling for Future Finance Talent

Corporates give high marks to a University of Idaho program where students learn real-world lessons by trading.Treasury and finance teams searching for talent with the right stuff—and an edge in this tight labor market—might want to take a page from Starbucks and Micron Technology by strengthening their ties to colleges and universities that are finding innovative ways to teach students financial decision-making skills. Micron treasurer Greg Routin and Melanie Canto, a former Starbucks treasurer who is now a senior business transformation…
COVID-19Treasury Management
December 1, 2021

The Great (Treasury) Resignation

Insights and advice for treasury teams grappling with new challenges in recruiting talent and holding on to it.Treasury departments are not immune to the tight labor markets and higher workforce churn rates roiling employers at the same time they grapple with managing remote workers and the entry of a new and younger generation with different work expectations. That reality formed the backdrop for a conversation at a recent meeting of NeuGroup for Mid-Cap Treasurers on how to attract and retain talent,…
FP&ATreasury Management
December 1, 2021

Bridging the Gap Between Treasury and FP&A 

By Nilly EssaidesTechnological advances are fueling the convergence of once-disparate finance processes, as they increasingly rely on the same tools to execute critical processes. In addition, faced with continued disruption in business, economic and financial conditions, CFOs expect finance organizations to contribute greater value through faster and more insightful decision-support. To do so effectively, legacy silos among different areas of finance must be dismantled. Going Beyond Best Practice to Process Innovation Nowhere is the need to bridge barriers more urgent than…
Treasury Management
November 3, 2021

True Grit in Treasury: Hiring People With Perseverance and Passion

Hear Medtronic FX risk manager Tim Husnik explain why grit is an essential quality.Medtronic senior treasury director Tim Husnik is proud that everyone on the FX risk management team he leads innovates, solves problems, experiments, creates and builds. He says that’s a big change from the days when treasury was viewed as a tactical team, rather than the strategic partner it is today. In the video interview below, he says that to find talent with the right stuff, he looks…
BankingTreasury Management
October 21, 2021

Rough Road: Overcoming Post-Merger Integration Hurdles and Headaches

Insights and lessons from two ATs who confronted challenges including culture and tight deadlines. Low interest rates and plenty of cash on their balance sheets suggest large multinational companies will continue growing through M&A, challenging even experienced assistant treasurers (ATs) who tend to handle many finance-related integration issues. Two ATs of companies at the tail end of mergers each recounted at a recent meeting the long list of projects they faced to integrate elements of the merging businesses, including treasury management…
COVID-19Treasury Management
October 21, 2021

Work in Progress: Finance Teams Strive to Make Hybrid Models Work

The gradual and partial return to offices in a hybrid work world presents challenges and some potential opportunities. The hybrid work model many corporates were leaning toward last spring as the vaccine rollout began and infection rates dropped appears to have solidified as companies confronted the curveball sent by the Delta Covid-19 variant. Some treasury team members are itching to return while others are lobbying to stay home; with staff turnover reaching all-time highs at some companies, it’s critical to find…
RegionalTreasury Management
October 18, 2021

Payoffs From ‘Preaching the Gospel of Global Treasury Operations’

Partnering with global business services (GBS) helped one treasury team boost cash visibility and achieve consistency.Companies expanding globally have often left regional affiliates with their own treasury back offices to support the local business, resulting in fragmentation of the treasury function and costly inefficiencies. That takes time away from corporate treasury that could be spent addressing more strategic issues.   “Preaching the gospel of global treasury operations,” the assistant treasurer (AT) of one NeuGroup member company said, required convincing local…