Treasury Management

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…

Insurance Treasury Management Uncategorized

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…

Antony Michels

NeuGroup News Technology Treasury 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…

Accounting & Disclosure Compliance Treasury Management

January 6, 2020

CECL Important for Nonfinancial Companies, Too

Nonfinancial corporates extending credit must also prepare for CECL. Calendar year companies must apply new accounting for credit losses at the start of the year, in Q1 2020 financial statements, and that includes nonfinancial corporate creditors engaged in a variety of transactions. The Financial Accounting Standards Board’s new current expected credit losses (CECL) methodology replaces the incurred-loss method, which recognizes losses when they become probable. CECL, instead, requires lenders to recognize credit losses expected over the life of a loan…

Functional Treasury Management

January 3, 2020

Corporate Finance Ranks Most Concerned About 2020 Risks

What, me worry? Yes! Finance execs most worried about risks in the new year. Corporate finance executives have jumped to the lead in terms of companies’ top executives concerned about the magnitude and severity of risks their organizations face in 2020, with economic conditions and regulatory scrutiny their top concerns. On a scale of one to 10, chief financial officers’ impression of risk faced by their companies in the year ahead jumped to 6.5 from 6.0 in last year’s survey.…

Treasury Management Uncategorized

December 19, 2019

Among Execs, CFOs Most Worried About 2020 Risks

CFOs are more worried about 2020 risks than others in the C-Suite: study. Corporate finance executives are leading the pack in terms of company executives most worried about the magnitude and severity of risks to their organizations in 2020, according to a study by the Enterprise Risk Management Initiative (ERMI) at North Carolina State University and Protiviti. On a scale of 1-10, with 10 being most concerned, chief financial officers’ impression of risk faced by their companies in the year…

NeuGroup News Treasury Management Uncategorized

December 17, 2019

Taking a Leap: Learning to Become an Exponential Organization

Founder’s Edition, by Joseph Neu Like so many companies, NeuGroup is rising to the challenge of becoming exponential. The recent FinConnect event we helped facilitate for SoftBank’s Vision Fund I CFOs helped me to see NeuGroup’s own path to higher growth, thanks to the insights of the keynote speaker we enlisted (hat tip to Peter Marshall at EY). The speaker was the futurist Salim Ismail, author of Exponential Organizations. Mr. Ismail advises companies on how to achieve exponential growth and thrive rather…

Treasury Management Uncategorized

December 12, 2019

Preparing to Plow Through The Next Recession

How one company survived the Great Recession, and advice on how to prepare for the next downturn. With an economic slowdown looming—even if no one knows exactly when it will occur or how severe it will be—companies must prepare for the worst. It doesn’t get much worse than the slump Caterpillar Inc. experienced in 2009, when sales and revenue plummeted. But the company remained profitable and maintained its dividend. How did Caterpillar achieve its remarkable performance? Recession planning was the…

Treasury Management Uncategorized

December 5, 2019

When Treasury Needs to Blow Its Own Horn

How metrics help treasury teams market their successes in good times. Treasury teams get plenty of attention in financially volatile times, but in the good times their more mundane if still critical activities—reducing bank accounts, hedging foreign exchange, etc.—tend to go unnoticed. “If we don’t convey the value treasury provides in good times and in bad, no one else will,” said Ed Scott, senior executive advisor at NeuGroup and former treasurer at Caterpillar, who co-led a recent NeuGroup meeting of…