Risk ManagementTreasury Management
January 17, 2024

Staying the Course: Treasury Teams Aren’t Planning Cuts in 2024

NeuGroup’s 2024 Agenda Survey shows most treasury teams plan to stay the same size as headwinds die down.Rising interest rates and rampant recession fears early last year had some treasurers feeling pressure to cut costs and reduce treasury headcount. But as those headwinds eased, NeuGroup’s 2024 Treasury and Finance Agenda Survey conducted in late 2023 shows most treasuries planned to stay the course and keep team size flat or even expand staffing in 2024 (see chart below). A majority of respondents to the survey…
Senior ExecutiveThe NeuGroup Insights InterviewTreasury Management
January 10, 2024

Unlocking Success: The Impact of Treasury Leadership

Citi global head of treasury advisory Ron Chakravarti on what separates the highest-performing corporate treasuries.A recent Citi GPS study, Treasury Leadership: Does It Matter?, reveals that corporations scoring high on measures of treasury sophistication and automation showed the highest earnings-to-revenue ratios. In other words, the answer to the question posed in the study’s title is resoundingly “yes” when financial performance is what matters most. In a NeuGroup video you can watch by hitting the play button below, Citi managing director Ron Chakravarti,…
TaxThe NeuGroup Insights InterviewTreasury Management
December 20, 2023

How a P&G Tax Whiz Quickly Got Comfortable Running Treasury Too

Tadd Fowler’s deep engagement in treasury activities, a masterful team and helpful peers got him up to speed. Tadd Fowler wears two big hats at Procter & Gamble, the world’s largest consumer goods company. He’s head of global tax operations—a natural fit for a former PwC tax partner—and also took on the treasurer role in 2021. In a Strategic Finance Lab podcast you can listen to on Apple and Spotify, he explains how an accountant steeped in the world of tax “got very comfortable very quickly”…
RegionalTreasury Management
December 7, 2023

Bangalore Bound: Pushing Processes to Centers of Excellence

Treasury at one company is migrating some processes to a COE in India, part of a larger transformation.The increasingly popular move among multinationals to establish a treasury center of excellence (COE) in a low-cost country or region is a multifaceted endeavor that for one NeuGroup member company included thoroughly assessing processes to determine which ones remain in corporate treasury or regional treasury centers, which go to a managed service provider (MSP) and which belong in the COE. Members of NeuGroup for…
TechnologyTreasury Management
October 11, 2023

Up the Learning Curve: How Coca-Cola Is Implementing ChatGPT

Coca-Cola’s internal model of ChatGPT has numerous use cases for treasury team members who learn to use the AI tool. Coca-Cola is one of several NeuGroup member companies that have partnered with OpenAI to create an internal version (also known as an instance or model) of ChatGPT that runs entirely on servers owned by the corporate. Within Coca-Cola treasury, senior director of emerging capabilities Rui (Ree) Yang is spearheading the effort to put the artificial intelligence tool to work by guiding employees to find…
BankingTreasury Management
July 27, 2023

Gauging Strength and Progress: Treasury Performance Metrics

Regular monitoring and analysis of metrics can help identify areas of strength and weakness, and ensure efficiency. Treasury performance metrics are crucial for corporations as they provide a framework for assessing the efficiency and effectiveness of their treasury operations. They serve as a window into how well the treasury team is functioning in a variety of areas, from cash management to payments to foreign exchange. At a recent meeting of NeuGroup for Mid-Cap Treasurers, one member gave an updated presentation on…
BankingTreasury Management
May 25, 2023

Finding a Remedy for Bank Account Pain: Centers of Excellence

The benefits of one member’s journey to a center of excellence as it manages rapid growth in revenue and bank accounts. Across roughly a decade, one NeuGroup member company tripled its revenue, partly through heavy M&A activity. But the core, global corporate treasury team remained at about 40 people—loading some of them with extra work, very little of it being the strategic initiatives today’s modern finance orgs want to focus on. As acquisitions and bank accounts started to stack up, the…
TechnologyTreasury Management
May 18, 2023

Data Boot Camp and Beyond: Boosting Treasury’s Tech Skills

Treasurers must elevate their staff’s data and technology IQ—and figure out the best ways to do that.The flurry of finance automation initiatives is presenting new challenges for finance leaders. Traditional roles, in cash ops, FX and cash forecasting among others, are being reshaped as manual work is supplanted by automation. Be it a new TMS, a planning solution, cloud ERPs or AI, the tech and data skill requirements for finance professionals are expanding and not everyone is prepared. Automation abounds.…
Treasury Management
April 13, 2023

Back to Office Catalyst: Face Time To Boost Odds of Promotion

Leaders are trying subtle, mostly unspoken, ways of conveying that more time in the office is a path to advancement. Treasury and finance leaders at some companies with hybrid work policies are seeing progress enticing more team members to show up at the office by making it clear, if not saying it explicitly, that coming in and spending time with senior staff improves their chances for career advancement and promotions. A related talent takeaway from conversations at the fall meeting…
Treasury Management
March 23, 2023

Clearing a Path to Effective Change Management

Finance teams in the throes of change need leadership, resources and collaboration with HR to overcome obstacles. Recession fears are intensifying the pressure on finance and other G&A functions to cut costs. The result is often a reduction in headcount. To meet the challenge of doing more with less, treasury and finance organizations are looking for new ways to work more efficiently. At the spring meeting of NeuGroup for Mega-Cap Treasurers, one member reported that his group has already been asked…