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Treasury Management

TechnologyTreasury Management
February 24, 2022

Treasury Reimagined

Treasury must reinvent its role within finance or risk losing significant head count.By Nilly EssaidesTechnological advances and growth in the use of shared services centers (SSCs) are threatening to strip treasury of much of its operational activities. As automation supplants manual work and low-value activities migrate to SSCs, treasury may lose relevancy and staff. The tidal wave of digital transformation sweeping treasury means that smart automations like AI will replace current systems and the people who work with them.An existential threat.…
Justin Jones
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D&ITreasury Management
February 17, 2022

How Companies Can Hire and Retain More Black Finance Professionals

Advice and insights on how corporates can better recruit Black candidates and support their career advancement.Finance leaders and hiring managers committed to diversity and inclusion (D&I) and increasing the number of Black people on treasury and other teams reporting to CFOs need to embrace new ways to recruit and hire Black candidates while creating a corporate culture that welcomes Black employees, encourages them to stay and supports their advancement. That’s among the key takeaways from comments by finance professionals speaking…
Justin Jones
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TechnologyTreasury Management
February 10, 2022

Tight Labor Markets and Talent Development: A Treasury Disconnect?

The labor market is treasury’s top risk, but aligning talent with business needs is its No. 4 priority. Is that a problem? It may not shock anyone that treasurers say a tightening labor market is the top risk they face this year (see chart), according to the January 2022 NeuGroup Member Agenda Survey. More intriguing: the same treasurers rank aligning the skills of their team members with business needs just fourth among their top objectives. No. 1 on that list: collaborating…
Justin Jones
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TechnologyTreasury Management
January 31, 2022

A Treasurer’s Transformation: A Decade at Oracle to Fintech Venture Capital Investor

Former NeuGroup Tech20 member Eric Ball describes his transition from treasurer to VC investor and more in our debut podcast. Welcome to the inaugural edition of the NeuGroup Insights Podcast! We kick things off with former Oracle treasurer and Tech20 member Eric Ball, a longtime NeuGroup friend who is now general partner and co-founder of Impact Venture Capital—just one of numerous hats he wears. He’s also co-founder and chairman of capital markets startup CapConnect+, chairman of the special purpose acquisition…
Justin Jones
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TechnologyTreasury Management
January 26, 2022

Looking Forward: Five Thoughts on the Future of Treasury

Balancing efficiency and value, and managing people vs. technology, will be key priorities for finance in the future.By Joseph NeuProviding foresight on the future of treasury is always a crowd-pleaser with NeuGroup members. During sessions over the last few months, I had the privilege of sharing my current thoughts on the topic and hearing member reactions. A shared passion project. Most of these sessions (and more may be coming) have been done in partnership with Jean Furter, now treasurer of Poly,…
Justin Jones
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Treasury Management
January 19, 2022

Building Blocks To Mitigate Key Person Risk and Boost Resiliency

How finance teams can prepare for the departures of members with valuable knowledge in a tight labor market.The question of how to mitigate so-called key person risk as treasury teams grapple with high turnover and difficulty filling open positions surfaced among members at a fall meeting of NeuGroup for Mid-Cap Treasurers sponsored by Chatham Financial. The broader context of the conversation was a session where Chatham advisors reviewed the key components of risk management—strategy, operating model and technology—and discussed case studies…
Justin Jones
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CryptoESGTreasury Management
December 29, 2021

Best of NeuGroup Insights, Second Half of 2021

Stories that stood out included posts on cryptocurrency, the effect of ESG on credit ratings, Google’s innovation with SAP, an in-house fintech and a pair of video interviews. Review and reflect. Our final email of 2021 is a baker’s dozen of best posts from the last few months—selected for their topicality (ESG, cryptocurrency, NFTs), detailed descriptions of finance teams meeting challenges (complex spin-offs, post-merger integration, recruiting talent) and focus on key trends in treasury and beyond (right-time finance for FP&A,…
Justin Jones
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TechnologyTreasury Management
December 15, 2021

The Path to Treasury Value Creation: Automation as an Ally

Technology holds the key to treasury transformation. So how can people on treasury teams add value in the future?The strategic value that treasury teams provide to corporations depends in large part on the ability of finance leaders to adopt and adapt to technology that is transforming treasury while at the same time developing the skills and expanding the roles of the people on those teams. That takeaway surfaced during discussions on the future of treasury by Jean Furter, the treasurer of tech…
Justin Jones
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Capital MarketsTreasury Management
December 8, 2021

Trading with Real Money: Good Schooling for Future Finance Talent

Corporates give high marks to a University of Idaho program where students learn real-world lessons by trading.Treasury and finance teams searching for talent with the right stuff—and an edge in this tight labor market—might want to take a page from Starbucks and Micron Technology by strengthening their ties to colleges and universities that are finding innovative ways to teach students financial decision-making skills. Micron treasurer Greg Routin and Melanie Canto, a former Starbucks treasurer who is now a senior business transformation…
Justin Jones
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COVID-19Treasury Management
December 1, 2021

The Great (Treasury) Resignation

Insights and advice for treasury teams grappling with new challenges in recruiting talent and holding on to it.Treasury departments are not immune to the tight labor markets and higher workforce churn rates roiling employers at the same time they grapple with managing remote workers and the entry of a new and younger generation with different work expectations. That reality formed the backdrop for a conversation at a recent meeting of NeuGroup for Mid-Cap Treasurers on how to attract and retain talent,…
Justin Jones
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