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Global Cash and Banking Archives - NeuGroup

Cash & Working Capital
February 2, 2023

Cash Leadership Councils: Leading the Charge to a Cash Culture

Finance leaders and business heads collaborate on improving working capital management. “Working capital is going to be a major challenge in 2023,” a member of NeuGroup for Global Cash and Banking said recently to kick off a session taking place as rising recession fears intensify the pressure on treasury to free up cash. The member is not alone: working capital optimization ranked as a top-five priority for treasurers in NeuGroup’s 2023 Finance & Treasury Agenda Survey​. To improve working capital management, members at this session…
Justin Jones
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BankingTalking Shop
December 8, 2022

Talking Shop: Interest Rates for In-House Banks

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “For those that use an in-house bank/cash center, can you share the interest rates you use on the excess funds loaned to the in-house bank? “Does the in-house bank/cash center pay the lending entity: “An overnight rate “A monthly interest rate “A rate that matches the rate on the investment made…
Justin Jones
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BankingCash & Working CapitalRegional
November 3, 2022

Sending More Cash Out of China Using Pools in Free Trade Zones

Unpacking a member’s cash pool in China in a free trade zone where window guidance put no limit on cash outflows. Many NeuGroup member companies face a challenge getting cash out of China—in part because of rules limiting outflows from cash pools set up under a so-called nationwide scheme to 50% of the net equity held by a company’s entities in the country. But not all multinationals have this problem. At a recent session of NeuGroup for Global Cash and Banking, one member…
Justin Jones
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Capital AllocationCash & Working Capital
May 12, 2022

A Treasury Mind Shift: Focusing On Operational Cash

Many treasuries have grown complacent about cash levels, but concerns about a recession are triggering a renewed focus on optimizing the management of working capital.The debate about whether the US economy is headed into a recession because of higher interest rates and the Fed reducing its balance sheet is heating up. While some economists are bullish, many corporate treasuries are not: In a poll last week, 71% of members of NeuGroup for Global Cash and Banking said a recession is…
Justin Jones
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Cyber riskRisk ManagementTechnology
February 24, 2022

Spending to Save: Making a Case for Payments Fraud Prevention Tools

Turning to banks, internal auditors and ERM teams may help treasury teams overcome a dearth of fraud data.  Payments fraud schemes hit 74% of companies in 2020, and two-thirds of treasury and finance professionals blame the pandemic for some of the increase in fraud at their companies, according to an AFP survey. Whatever the causes, the problem has made tools that can prevent scams more important than ever. But some treasury teams in need of those solutions are hitting a…
Justin Jones
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November 29, 2021

The State of Play with APIs: Purpose & Connectivity.

About this meeting Promises of automation, integration and real-time cash optimization make APIs extremely alluring. However, for many members, understanding exactly when, where, and how to best integrate them into bank connections and treasury technologies is still a significant sticking point. As members continue to explore ways to implement APIs, FinLync joins us to explain the current state of play and what should be in your treasury technology plans. About this Peer Group The Global Cash and Banking Group is…
Jacob Bromsey
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October 29, 2021

Breakout Blasts and Informal Working Groups

About this meeting Members will break out into smaller groups to discuss their top priorities and vet any new or perennial challenges they face. Break-out discussions will provide members with the opportunity to network and form ongoing (informal) working groups on various key topics such as bank fee analyses, cash forecasting, treasury technology, and exploring cryptocurrencies. About this Peer Group The Global Cash and Banking Group is an invitation-only group for senior cash management or treasury operations professionals. The group…
Jacob Bromsey
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October 25, 2021

Going to Bat for Technology Improvements

About this meeting For the first half hour of this monthly meeting of the Global Cash peer group, a guest speaker from FinLync offers pointers for making a business case for a new system and pitching a new technology strategy to the treasurer and CFO. About this Peer Group The Global Cash and Banking Group is an invitation-only group for senior cash management or treasury operations professionals. The group follows NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda…
Jacob Bromsey
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BankingCompliance
October 7, 2021

A Treasury Dream Coming True: Handing KYC to Corporate Governance 

One treasury team made a winning case that the governance group should own KYC.Call it reaching the treasury promised land or a dream come true. Whatever you call it, one treasury team’s early-stage success at shifting responsibility for know your customer (KYC) compliance to a corporate governance group generated plenty of buzz and some envy at a recent meeting of NeuGroup for Global Cash and Banking. “I’m really excited to get out of the KYC business,” the member told his peers…
Justin Jones
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October 4, 2021

Enjoying ERP Efficiencies (FinLync)

About this meeting For the first half-hour of this monthly meeting of the Global Cash peer group, members are joined by FinLync guest speakers to consider the benefits of integrating ERP native applications (vs. external applications fed by data lakes/warehouses) into their treasury technology infrastructure. About this Peer Group The Global Cash and Banking Group is an invitation-only group for senior cash management or treasury operations professionals. The group follows NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda…
Jacob Bromsey
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