NeuGroup NewsTreasury ManagementUncategorized
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 ManagementUncategorized
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 ManagementUncategorized
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…
Treasury ManagementUncategorized
December 3, 2019

Five Key Steps to Supporting Strategic CFOs

Founder’s Edition, by Joseph Neu What direct reports can do to help a CFO—and themselves—climb the strategic stairs. We recently facilitated an event for growth-company CFOs where a lot of discussion centered on how the CFO should help get things done by being a strategic partner of the founder or CEO. Playing this role has also become a priority at more mature companies. Bottom line:  If you report to the CFO, you’ll want help make that person a true strategic partner—as you simultaneously…
Treasury ManagementUncategorized
November 27, 2019

The Value of Treasury Finance to Growth Company

Founder’s Edition, by Joseph Neu When venture capital isn’t enough, you need a treasurer. Growth companies looking to disrupt industries outside software and pure internet plays (which are already mostly disrupted) can have significant capital needs. This is why traditional venture capital needs to be supplemented with new types of investors and innovative ways to access capital markets. Given the cost of equity, pre-IPO, non-investment grade, un-rated companies needing capital have to be creative about debt financing. This puts a new…
Insights NewsletterTreasury ManagementUncategorized
October 1, 2019

Strategic Finance Leaders to Overtake Career Treasurers in Talent Race

In the race toward the future of finance, should talent development programs be molding leaders for general finance, separate from specialist functions like treasury? Our talent-themed treasurers’ meeting last week at the University of Washington’s Foster School of Business revealed a deepening fault line between treasurers who are part of strategic finance leadership rotations and those who are career treasury.  It also showed that more rotational programs designed to foster talent and develop future finance leaders will include specialist (read:…
BankingCapital AllocationCapital MarketsRegionalTreasury Management
January 23, 2019

The Five Cash Management Initiatives Treasurers Should Consider

When it comes to cash management, treasurers must keep their focus on ways to make it more efficient and cost effective. Editor’s note: This article was originally posted on iTreasurer.com on October 09, 2014. The year 2014 has been one focused on efficiency and innovation as treasurers consider outside-the-box strategies for unlocking working capital and improving the tactical aspects of treasury. Major initiatives including SEPA and the internationalization of the renminbi (RMB) have proven to be catalysts for greater global…
Cash & Working CapitalTreasury Management
January 23, 2019

Fintechs Transforming Supply Chain Finance

Fintech companies continue to streamline the buyer-supplier experience, eliminating age-old tensions and adding powerful new tools. Editor’s Note: This story originally ran on iTreasurer.com on December 19, 2016. EXECUTIVE SUMMARYMultinational corporations (MNCs) face a myriad of challenges and arguably the most important one is staying competitive during periods of uncertainty and increasing regulation, as global interconnectedness continues. In order to successfully navigate this uncertain environment, MNCs must develop sustainable working capital strategies and build cash positions that underpin these strategies,…
Cash & Working CapitalTreasury ManagementUncategorized
May 5, 2015

On-Behalf-Of Structures: Lessons Learned

More companies are moving to streamline their payments and collections with on-behalf-of structures. Here are some lessons from the field. (Editor’s Note—Original publication date: May 5, 2015) Being a trailblazer is always nice but sometimes it pays to be the one who comes along next and learns from the trailblazer’s mistakes. And certainly, the more multifaceted the effort, the bigger the lessons learned. Such is the case with corporate payment and collections, part of the growing importance of supply-chain management…
Senior ExecutiveTreasury ManagementUncategorized
March 17, 2015

Treasury Center as Profit Center

The silver lining in the new scrutiny of global transfer pricing is that treasury might finally escape from its cost center box. (Editor’s Note—Original publication date: March 17, 2015) The context here is the mess treasury is going to face with tax, cleaning up after the OECD BEPS Actions. The silver lining is that the new scrutiny of global transfer pricing might serve as justification for treasury to become a profit center, or at least set up treasury centers and…