Senior ExecutiveTechnology
May 19, 2022

Stories and Foresight Built on Data: What a CFO Wants From Treasury

A seasoned CFO shares thoughts on automation and how treasury can elevate itself to become a strategic partner.The path of treasurers who are determined to walk the walk of becoming strategic business partners by devoting more time to value-adding activities and less to tactical tasks runs through automation that frees up bandwidth for intense data analysis. In making that point at a recent meeting of NeuGroup for Mid-Cap Treasurers sponsored by HighRadius, Jeff Martini, interim CFO of Bishop Lifting Products,…
Cash & Working CapitalInvestment Management
March 10, 2022

Tailoring Investment Policies to Suit the Size of the Cash Stockpile

For treasurers at acquisitive mid-cap companies with limited cash, short maturities and liquidity are critical. The size of a company and how much cash it has on hand play key roles in shaping corporate investment policies, with the breadth of investment options in a policy closely correlated with the amount of cash—i.e., the more cash, the more options. That takeaway emerged at a late fall meeting of NeuGroup for Mid-cap Treasurers during a session on investment policies featuring a presentation by…
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…
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,…
Cash & Working CapitalFXTechnology
October 21, 2021

Closing Loops: Connecting FX Hedging and Cash Forecasts

How one member uses Cashforce to save time and money on FX trades—and helped create an automated hedging process.One assistant treasurer at a recent NeuGroup virtual interactive session said that her primary project for 2021 is “to make treasury as no-touch as possible.” This is a common theme for treasurers recently, though it’s not always clear where to start. Her first step was to seek potential connections in existing processes and platforms—which led to an overhauled and streamlined process for foreign…
Cash & Working CapitalTechnology
August 5, 2021

Helping Hand: Using Cashforce to Manage Growth Through M&A

How one treasurer used Cashforce technology to improve forecasting and support growth.When one treasurer saw that his team was getting too bogged down managing the company’s dozens of bank accounts across 25 entities, he sought out an automated cash management system, but he had a concern: the company is continually growing through mergers and acquisitions, and in the past, new accounts made everything muddy. The process of integrating a new entity and any accounts it brings along can be cumbersome—and…
July 29, 2021

RMB vs. USD: Watching Closely as China Builds ‘Parallel Universes’

Standard Chartered advises keeping an eye on China as accelerating use of the RMB helps the nation separate itself from the pack.In a recent meeting of NeuGroup for Tech Treasurers centered around China’s economy, Standard Chartered’s global head of research Eric Robertsen kicked things off with an anecdote. Just over ten years ago, a Congo-based wood supplier had its supply of wood bought out by a Chinese business that paid in USD. Just three years later, Chinese businesses were still…