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Large-Cap Assistant Treasurers Archives - NeuGroup

Cash & Working Capital
September 8, 2022

Getting Religion: Treasury Spreads Reverence of Free Cash Flow

Rigorous control over free cash flow gives treasury a seat at the strategy table. By working to shorten the cash conversion cycle and making free cash flow a key metric of success, treasury at one NeuGroup member company gained credibility, responsibility and authority as a strategic partner within the enterprise. Its experience offers a road map for other corporates where treasury aims to augment its role in working capital management. Companies that succeed in this effort will better weather economic…
Justin Jones
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CryptoInvestment Management
June 30, 2022

The Inevitability of Crypto for Corporates

While the cryptocurrency market has imploded recently, treasury’s need to become crypto-fluent remains strong. Sharp drops in cryptocurrency value have grabbed headlines and rattled investors. However, the reality for most corporates is that they must continue, and even accelerate, their efforts to understand the market’s mechanisms and dynamics. Companies’ strategic initiatives, such as issuing nonfungible tokens (NFTs), and rising demand for payment in crypto from a younger customer base, are forcing treasuries to come up the crypto learning curve. According…
Justin Jones
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Capital MarketsRegional
June 2, 2022

The Fed Won’t Derail the Economy, UMB Tells Assistant Treasurers

The bank’s positive forecast addresses concerns about rates, inflation, growth and unknowns ahead. UMB, the regional commercial bank, presented a surprisingly upbeat economic forecast for this year to assistant treasurers in a recent meeting, suggesting less likelihood they will face difficult choices to help guide their companies through a recession or skyrocketing inflation.  “On our side,” said an assistant treasurer attending the meeting of NeuGroup for Large-Cap Assistant Treasurers, “it’s fear of the unknown,” given the Fed failed to foresee the…
Justin Jones
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Capital MarketsTalking Shop
February 24, 2022

Talking Shop: Disclosing Info to Ratings Agencies Before Earnings

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: “Does anyone in the group discuss quarterly earnings with the rating agencies before the press release?”Peer answer 1: “If there is news that we believe they should hear in advance of the earnings announcement, then we do meet with them in advance.”Peer answer 2: “We haven’t been asked to discuss…
Justin Jones
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Cash & Working CapitalTechnology
February 17, 2022

Accuracy and AI: A New Cash Forecasting Tool Proves Its Worth

HighRadius helps one company with thousands of projects and a complex revenue stream better forecast cash. A new tool to improve cash forecasting can be a tough sell to management, given the intangible returns. It becomes easier, however, if the solution improves accuracy by more than 50%, and even easier if the vendor contractually agrees to achieve a certain level of improvement or discontinue the relationship—no strings attached. “It’s very hard to put a dollar amount on the positive impact of…
Justin Jones
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December 8, 2021

Large-Cap Assistant Treasurers Projects & Priorities for 2022

About this meeting Looking ahead to 2022, Large-Cap ATs will meet to discuss projects, priorities, and challenges for the upcoming year. About this Peer Group NeuGroup for Large-Cap Assistant Treasurers is an invitation-only group of assistant treasurers from leading multinational corporations who share knowledge and practice for the further development of treasury expertise and careers. The group follows NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda development, benchmarking surveys, and professional networking. Meeting type Peer group meetings are…
Jacob Bromsey
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November 5, 2021

Scaling up Receivables Forecasting at Danone North America with Artificial Intelligence

About this meeting Join Jacob Whetstone, Director – Invoice to Cash, Danone NA, and Bernice Van der Velden, Senior Consultant at HighRadius to learn how Danone NA has set out to perfect its receivables forecasting process where it can now predict with 96% accuracy across business entities. Key insights: Shifting to a daily centralized reporting from a spreadsheet-driven process. Rolling out the solution for multiple entities by managing ERP data. Contributing to the efficacy of treasury reports by including A/R…
Jacob Bromsey
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October 4, 2021

LargeCapATs H2 Meeting

About this meeting Large-Cap ATs will meet for their H2 meeting sponsored by HighRadius where a wide variety of topics will be discussed include bank fees, an economic outlook, FX and counterparty risk, talent management, and improved efficiencies managing ARs and APs. About this Peer Group NeuGroup for Large-Cap Assistant Treasurers is an invitation-only group of assistant treasurers from leading multinational corporations who share knowledge and practice for the further development of treasury expertise and careers. The group follows NeuGroup’s…
Jacob Bromsey
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Capital MarketsTechnology
September 23, 2021

The Sun Sets for Some on Easy, Shared Access to Bloomberg Terminals

Adjusting to the end of Terminal access via Bloomberg Disaster Recovery amid hybrid work. Many treasury and finance teams that relied on Bloomberg’s Disaster Recovery (DR) services to share access to the company’s powerful Terminals are adapting to the end of their access. It’s a challenge for some teams, given that many employees will continue to work from home part of the week and won’t have access to Terminals in offices.That’s leading more companies to consider replacing physical Terminals with…
Justin Jones
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BankingCapital MarketsFX
July 22, 2021

Ripple Effects: Gauging Inflation’s Impact on US Rates and Economy

Despite increasing inflation, interest rates should remain low until late 2023, UMB bank tells assistant treasurers. Economic growth turned negative at the start of the pandemic but is rebounding strongly as the United States advances through what some call the Great Rotation—major changes that Eric Kelley, executive VP and director of research and fixed income for UMB Bank, said should result in a strong reopening over the next 12 to 24 months. UMB Bank is a large regional bank serving mainly…
Antony Michels
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