Foreign_Exchange Archives - Page 2 of 2 - NeuGroup

One member, challenged to create a solution without external resources, automated FX processes through in-house ‘citizen developers.’While a TMS can offer an integrated treasury technology solution, no single system can support the full range of automation requirements. In the case of one fast-growing, high-tech NeuGroup member company, the deficits surfaced in the area of FX transaction management and reporting. Faced with a need to improve the process, shorten cycle time and reduce cost with no additional resources, the company decided to…

Treasurers are moving to familiarize their teams with computer programming, some by enlisting members in coding boot camps.A growing number of treasurers are pushing their teams to learn computer programing skills as they seek to improve metrics like forecasting accuracy, gain access to more powerful processing and minimize their dependence on IT teams and third-party solutions. At a recent meeting of NeuGroup for Foreign Exchange 2, members discussed their approaches, from large-scale internal classes to sending team members to online…

Google’s co-innovation of treasury solutions that work with SAP S/4HANA could benefit other corporates.Google’s frustrations with building its own customized treasury tools to enhance its ERP ultimately pushed the company to abandon that strategy. Today, it’s using standardized solutions it co-created with SAP that are now built into its cloud-based S/4HANA platform. Among the beneficiaries: other corporates that use S/4HANA that can make use of tools Google helped innovate. Over a two-year implementation of SAP that Google called Project Emerald,…