TechnologyTreasury Management
November 17, 2022

Clarifying the Vision: A Treasury Priority Road Map Draws Acclaim

Splitting priorities into categories looking forward four years helps align treasury with finance and support business units. A picture of a treasury road map presented at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers was worth considerably more than a thousand words, drawing praise and insights from peers. To create it, the treasury team at the NeuGroup member company provided input about their priorities, helping create a vision and road map across four categories of goals: Operational excellence Global cash and…
October 27, 2022

FX Dashboards: Essential Tool to Manage the Volatility Narrative

Real-time dashboards help treasury risk managers tell the FX story, but collecting front-end data remains a challenge. Extreme volatility in foreign exchange markets has underscored the importance of technology tools, systems and solutions that enable companies to better monitor and manage their FX exposures. And for multinationals with far-flung operations, nothing beats a real-time dashboard to keep on top of the FX narrative, experts at Chatham Financial said at a recent NeuGroup for Mega-Cap Assistant Treasurers meeting. The key for companies with…
Capital MarketsRisk Management
October 13, 2022

Debt Issuers, Don’t Doubt the Fed’s Resolve to Fight Inflation

Insights from Chatham Financial about pre-issuance hedging and tail risk. Companies that anticipate issuing debt should not underestimate the Federal Reserve’s resolve to fight inflation, Chatham Financial executives told members of NeuGroup for Mega-Cap Assistant Treasurers at a recent meeting sponsored by the risk management advisory and technology firm. In light of the Fed’s determination to get inflation back to 2%, Amol Dhargalkar, Chatham’s managing partner and chairman, raised several issues for treasuries to consider as they lay the groundwork for debt…
Mega-Cap Assistant TreasurersNeuGroup News
September 26, 2022

Mega-Cap Assistant Treasurers Gather in Pennsylvania

Thank you to Chatham Financial for hosting and sponsoring the H2 2022 meeting of the NeuGroup for Mega-Cap Assistant Treasurers last week at their beautiful headquarters in Kennett Square, PA. Members were able to network with their peers during a two-day meeting, as well as at a welcome reception at The Creamery of Kennett Square and a walk-and-talk stroll of Longwood Garden, a 1,000-acre botanical garden. A casual dinner at a local restaurant allowed members to discuss the day’s session along with other…
BankingCapital Markets
May 19, 2022

A Tale of Two Bank Revolvers 

One company has fewer than 10 banks in its revolving credit facility while the other has more than two dozen. How many banks does a corporation need or want in its revolving credit facility? The answer, no surprise, is that it depends on the company, a point driven home at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers. During the session, two members discussed how they arrived at very different answers based on the particulars of their companies. Less…
COVID-19Treasury Management
May 5, 2022

Talent Travails: Loose Lips About Pay and Hybrid Headaches

A younger generation’s transparency about what they earn creates another challenge for finance leaders coping with hybrid work woes. A session on talent at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers revealed that finance teams already struggling to hire workers amid tight labor markets, demands by candidates for higher compensation and the unwillingness of some of them to spend much, if any, time in the office face additional, less publicized problems: Many younger workers speak freely about how…
Risk ManagementTalking Shop
March 3, 2022

Talking Shop: How Often Do You Assess Counterparty Risk?

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: “How often do you assess counterparty risk? “For your short-term investments such as bank deposits, what frequency has worked best for your team to measure/assess counterparty risk (e.g., daily to weekly, weekly to monthly, etc.) and what considerations were taken into account for determining frequency (e.g., CDS, credit ratings)? It…
December 15, 2021

Milestones of Automation on the Road to a Brighter Treasury Future

New technology such as RPA and data analytics help free up treasury staff to help the business meet strategic goals.Assistant treasurers (ATs) highlighted their teams’ milestones over the previous year at a recent NeuGroup meeting, with several citing the development of skills and capabilities that helped automate time-consuming tasks inside and outside treasury. Massive debt deals and prolonged adoptions of SAP systems ranked high on the list of major accomplishments for several ATs, whose hard work brought the projects to…
Capital MarketsComplianceESG
December 15, 2021

Treasury’s ESG Angst Over Auditors and Credit Rating Agencies

Upper management wants ESG audits to be merged with overall financial audit, to some members’ dismay.Assistant treasurers (ATs) mulling renewals of their companies’ revolving credit lines next year compared notes in a recent meeting session on ESG-related issues, as those factors increasingly play a role in credit decisions—even if it’s unclear precisely how. One concern: There’s a push to merge ESG-related auditing with the overall financial auditing typically done by a Big Four accounting firm, a move the ATs frowned…
BankingTreasury Management
October 21, 2021

Rough Road: Overcoming Post-Merger Integration Hurdles and Headaches

Insights and lessons from two ATs who confronted challenges including culture and tight deadlines. Low interest rates and plenty of cash on their balance sheets suggest large multinational companies will continue growing through M&A, challenging even experienced assistant treasurers (ATs) who tend to handle many finance-related integration issues. Two ATs of companies at the tail end of mergers each recounted at a recent meeting the long list of projects they faced to integrate elements of the merging businesses, including treasury management…