Category

Treasury Management

TechnologyTreasury Management
January 26, 2023

Turbocharging Treasury Automation

Treasurers predict a sixfold surge in the adoption of AI-enabled analytics tools. Cash forecasts are notoriously unreliable, primarily because of limited visibility into current and forward-looking data. However, in a year when liquidity is going to come at a premium, treasury must develop a clearer understanding of where cash is today, and how much more is coming down the pipeline. Cognizant of this need, treasurers responding to NeuGroup’s 2023 Finance & Treasury Agenda Survey ranked improving analytics and modeling capabilities…
Justin Jones
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RegionalTreasury Management
January 19, 2023

Girding for Trouble Ahead: A 2023 Crisis Management Playbook

Treasury and finance teams can better prepare for potential disruption and crises by codifying past lessons. Over the last few years, treasuries have faced significant market and geopolitical shocks, including the onset of Covid, the war in Ukraine and extreme global financial market volatility. This year promises to be equally if not more challenging. Respondents to NeuGroup’s 2023 Treasurers’ Agenda Survey listed an economic downturn as their No. 1 risk this year. Financial market volatility was tied with political uncertainty for…
Justin Jones
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The NeuGroup Insights InterviewTreasury Management
December 21, 2022

Starting Treasury from Scratch: One Expert’s Not Secret Recipe

NVA treasurer Chris Ingoldsby shares insights grounded in his creation of the treasury function at two companies. Building a complete treasury team is a marathon, not a sprint. However, there’s real value in a new treasurer scoring some quick wins soon after joining a company. That’s according to Chris Ingoldsby, an ultramarathoner who created the treasury function at NVA, and previously built it from the ground up at Riverbed Technology. You’ll hear more insights from Mr. Ingoldsby about his approach to…
Justin Jones
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Capital MarketsCryptoTreasury Management
December 15, 2022

Posts, Podcasts and Video: The Best NeuGroup Content of 2022

A curated collection of favorite NeuGroup Insights posts, videos and Strategic Finance Lab podcasts. The NeuGroup Insights newsletter this week flashes back on some of our best content of 2022. That includes popular and topical articles—some based on proprietary NeuGroup Peer Research survey data—as well as videos and—new this year—podcasts (the Strategic Finance Lab, available on Apple and Spotify). To read the full email, please click here. The selections reflect the range of immediate challenges finance organizations faced in 2022—including tight labor markets, rising…
Justin Jones
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RegionalRisk ManagementTreasury Management
December 1, 2022

People, Prices, Places: Internal Auditors Question Hiring Trends

Internal audit hiring insights: India may be growing less attractive; recruiting talent from the Big Four has downsides. Top companies in North America have looked to India as a leading location for shared services centers and to potentially place at least some internal audit (IA) staff. They have also used the Big Four accounting firms essentially as a default source of new team members. Both of those trends may be wearing thin. One member of NeuGroup for Internal Audit Executives discussing his company’s rapid…
Justin Jones
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TechnologyTreasury Management
November 17, 2022

Clarifying the Vision: A Treasury Priority Road Map Draws Acclaim

Splitting priorities into categories looking forward four years helps align treasury with finance and support business units. A picture of a treasury road map presented at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers was worth considerably more than a thousand words, drawing praise and insights from peers. To create it, the treasury team at the NeuGroup member company provided input about their priorities, helping create a vision and road map across four categories of goals: Operational excellence Global cash and…
Justin Jones
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Financial Planning and AnalysisTechnologyTreasury Management
August 25, 2022

Transformation and the IT/Finance Partnership

Collaborating with IT is essential for transformation success, and new tech solutions may precede process redesign. Finance transformation goes way beyond automation and the implementation of new tech solutions, to include process redesign and talent development. Its goal is to build new finance capabilities, by optimizing processes and reducing the time it takes to collect, compile and cleanse data. The upshot is that staff can focus on higher level activities, such as business partnering and strategic planning. But the modernization…
Justin Jones
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Senior ExecutiveTreasury Management
June 30, 2022

How Treasury Steps into the Strategic Limelight

Rising rates and a looming recession provide treasury with an opportunity to elevate its profile and and become a leader in board-level conversations. Tough economic conditions have historically highlighted the critical role treasury plays as the champion of corporate liquidity. This happened during 2008-09 and will likely happen again if credit and cash flows begin to contract. This is not new territory for treasurers, many of whom have already evolved to serve new and broader constituents, becoming more strategic, consultative…
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Treasury Management
June 30, 2022

The Great Reconsideration: Improving Culture To Improve Retention

While the flexibility provided by remote work is an important factor, the organization’s culture can be the biggest draw. The pandemic triggered a significant shift in employees’ expectations, making finding and retaining talent a top priority for finance executives. Higher employee turnover rates are prompting companies to kick-start new efforts to craft corporate cultures that make people feel welcome and ensure they stay on long-term. It’s not easy. “The labor market is still a challenge, and recruitment is a challenge,” one treasurer…
Justin Jones
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Treasury Management
June 16, 2022

Former Intel CFO: Don’t Wait for an Invite to Impact Strategy

George Davis (left), here with NeuGroup founder Joseph Neu, urged treasurers gathered at a tech summit in California to dream big and weigh in on strategy. In a keynote address referencing iconic daydreamer Walter Mitty, George Davis—the former CFO of Intel and Qualcomm and the former CFO and treasurer of Applied Materials—urged dozens of treasurers attending NeuGroup’s Tech Strategic Finance Summit Treasurer Day to dream big, take risks and not wait for invitations to apply treasury’s valuable perspective and skill set to a…
Justin Jones
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