Senior ExecutiveThe NeuGroup Insights InterviewTreasury Management
January 22, 2025

Treasury as Value Creator: Insights From WestCap’s Laurence Tosi

The WestCap founder joins Joseph Neu and Treasury4 co-founder Ed Barrie to discuss the importance of a treasury mindset. Many modern treasury teams are being challenged to move beyond traditional roles and embrace new opportunities to create value. But treasurers at smaller or newer companies may first need to make the case for investing resources and time in treasury so the team can create value by optimizing the company’s cash and thinking more strategically about the flow of funds. That…
Cash & Working CapitalTreasury Management
January 15, 2025

Treasury’s Better Idea Enables Product Team To Please Customer

Asked by the business to open a customer bank account, treasury proposes a better approach, a win for everyone.Bringing a better idea to a product team responding to a customer’s request served as a powerful demonstration of one treasury team’s strategic value and ability to enable business partners to succeed. This example of treasury using its expert insights on financial transactions and processes emerged during a conversation at the NeuGroup for Tech Treasurers 2024 Tech Summit. And while the company’s industry—financial services—may…
RegionalTechnologyTreasury Management
January 9, 2025

Looking Back, Looking Forward: The Best of NeuGroup Insights

What to Watch in 2025. Welcome back! NeuGroup Insights is kicking off 2025 with a look at some of the key treasury and finance themes NeuGroup founder and CEO Joseph Neu will be watching closely this year. It’s no surprise to those of us who know him that Joseph’s list is weighted toward technology that is transforming treasury and bringing the future of finance forward. But in keeping with our belief that technology exists to serve societies and help individuals thrive, his first entry concerns the…
TechnologyTreasury Management
December 4, 2024

Expanding Treasury’s Role and Influence: A Vision for 2030

A Citi GPS report offers ways treasury can modernize to avoid irrelevance in an increasingly real-time world.Put aside, if only for a moment, the challenges and opportunities treasury teams will face in 2025. Consider instead what they need to do in the next five years to expand the function’s role and influence. This week, in a report titled Treasury 2030, Citi GPS offered its vision of how treasury can develop into a more proactive, strategic partner enabling business growth. The provocative…
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.…
Treasury Management
October 9, 2024

Building Blocks of Treasury: Core Skills and Practical Learning

A NeuGroup survey reveals younger professionals want core treasury skills and most learn from on-the-job experience.As treasury professionals look to enhance their impact, core skills that drive strategic value are in high demand. While formal training programs are limited, many team members are finding success through hands-on experience, mentorship and cross-functional projects. In a new survey, members of NeuGroup for High Potentials—which brings together early career and developing finance leaders—say the top skills they’re aiming to sharpen are cash flow forecasting,…
TechnologyTreasury Management
October 2, 2024

Blurring Lines Between Treasury and IT to Create a Unified Team

Cross-functional collaboration is key to smooth software implementations. Collaboration and shared accountability between treasury and IT are increasingly seen by top-tier finance organizations as essential for implementing complex software solutions. For many NeuGroup members, breaking down traditional silos is not just an ideal but a practical necessity—one that results in a more resilient, efficient treasury function. As treasury teams navigate digital transformation, implementing new technology can take months and involve dozens of people, requiring seamless coordination between treasury and IT.…
Treasury Management
June 12, 2024

Developing Future Finance Leaders: What Top Performers Want

High potentials want more leader input and guidance on intertwining goals and individual development plans.What do high-performers on treasury teams need from senior managers today to develop into tomorrow’s finance leaders? Discussions between members of NeuGroup for High Potentials reveal that many up-and-comers want more formal, documented development plans tied to specific goals, among other wish-list items. And the talent development shortcomings that some cite include inadequate connection of individual goals to a company’s broader strategy and infrequent communication with leadership on…
TechnologyTreasury Management
June 5, 2024

Transforming Treasury via Tech Stack Slimming at GE HealthCare

In one year, GE HealthCare achieved a treasury transformation, reducing the tech stack and onboarding a new team. When GE HealthCare was tasked with spinning off from GE, the treasury team saw an opportunity to create a new organization constructed with a “fit-for-purpose” approach that included rebuilding the technology stack with off-the-shelf solutions that accomplish specific tasks—rather than the far-reaching, customized tech tools used pre-spin-off. In 12 months, GE HealthCare implemented nine new technology systems—down from 36 legacy solutions—and won an Adam…
FP&ATreasury Management
May 29, 2024

Hard Choices: FP&A’s Role in Cost-Cutting Initiatives

An FP&A team can help drive value through a process aimed at achieving goals for operating margins. Corporate FP&A can play a key role in companies identifying areas to cut costs, in part by tracking reductions in the enterprise’s total cost base. The overarching goal in some cases is to help the corporate meet operating margin targets as it reallocates capital. The topic is particularly relevant now, with many companies seeking to reduce expenses amid higher inflation and interest costs as well…