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: “As a result of the ongoing crisis in Ukraine, we have Russian national employees based in Russia who are looking to relocate and effectively become employees of our Dutch entity. Because of the restrictions on getting cash out of the country from employees’ personal bank accounts, we’re looking to support…
Fear of criminal liability motivates corporates to pay taxes in Russia—but banks are rejecting some tax payments. The threat of criminal prosecution of their employees in Russia is one reason some US-based companies continue to make tax payments in Russia. Meanwhile, several US companies report that Russian tax payments made by entities outside the US have been rejected by a US-based bank. These takeaways emerged at the most recent NeuGroup session where members discuss the challenges facing finance teams at…
Higher rates mean higher yields, but 70% of respondents to a recent NeuGroup survey conducted with Clearwater Analytics do not intend to extend duration. Surging inflation, a hawkish Fed and talk of a recession are prompting corporate treasuries to reevaluate their cash investment strategies. However, 70% of respondents to a NeuGroup survey conducted in partnership with Clearwater Analytics, Going Out the Yield Curve: Benchmarking Investment Strategies, report they do not intend to extend duration to take advantage of the uptick…
April 21, 2022
AI-Enabled Analytics Drives Faster, Better Decision-Making
Author Larry Maisel says advanced analytics fueled by AI helps finance teams explain why something happened, what may happen next and what action to take to prepare for it.NeuGroup managing director Nilly Essaides recently interviewed Larry Maisel, an analytics expert and president of DecisionVu, about his recently published book, AI-Enabled Analytics: A Roadmap for Becoming an Analytics Powerhouse. The book, co-authored with Robert J. Zwerling and Jesper H. Sorensen, focuses on how to leverage advanced analytics to drive unbiased and…
April 21, 2022
Talking Shop: Does Anyone Have Credit Insurance in Russia?
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: “We are assessing the risk of losing the insurance that is currently applied to our receivables that were outstanding at the time of the conflict as they are still outstanding. “Our specific interest is in any actions that your team perceives that, if taken, could give the insurance company the…
April 1, 2022
Response to Russia Sanctions: Bringing Members Together
Weekly sessions offer a venue to share knowledge, ask questions and hear expert insights on sanctions, counter-sanctions and more. Experts may argue about the effectiveness of economic sanctions imposed by the US and EU in response to Russia’s unprovoked invasion of Ukraine. But there’s no debating that sanctions and counter-sanctions have forced finance teams at some of the world’s largest corporations to tap every resource at their disposal—including lawyers, bankers, colleagues and peers at other companies—to do their jobs as…
March 31, 2022
NeuGroup’s Strategic Finance Lab Podcast, Episode 2: Women in Finance: An Interview with Subadra Rajappa of Societe Generale
Step into a lab where innovation and digital transformation empower senior finance executives to become true strategic partners. NeuGroup Insights marks the end of Women’s History Month with a look at what needs to happen for more women to stay and advance in careers in finance. In episode No. 2 of NeuGroup’s new podcast exploring the future of finance and the office of the CFO, NeuGroup’s Managing Director for Research and Insight, Nilly Essaides, interviews Subadra Rajappa, managing director and…
Survey data shows treasury is moving to the cloud but still leaning away from the tech direction finance is heading.NeuGroup Peer Research data shows that while finance organizations are rapidly embracing advanced analytic tools, robotic process automation (RPA) and machine learning, treasury teams—which are moving rapidly into the cloud—appear convinced that treasury management systems (TMSs) will remain the centerpiece of treasury technology despite market disruption that suggests otherwise. That analysis provides context for a key takeaway of the 2022 NeuGroup…
February 24, 2022
Treasury Reimagined
Treasury must reinvent its role within finance or risk losing significant head count.By Nilly EssaidesTechnological advances and growth in the use of shared services centers (SSCs) are threatening to strip treasury of much of its operational activities. As automation supplants manual work and low-value activities migrate to SSCs, treasury may lose relevancy and staff. The tidal wave of digital transformation sweeping treasury means that smart automations like AI will replace current systems and the people who work with them.An existential threat.…
February 10, 2022
Tight Labor Markets and Talent Development: A Treasury Disconnect?
The labor market is treasury’s top risk, but aligning talent with business needs is its No. 4 priority. Is that a problem? It may not shock anyone that treasurers say a tightening labor market is the top risk they face this year (see chart), according to the January 2022 NeuGroup Member Agenda Survey. More intriguing: the same treasurers rank aligning the skills of their team members with business needs just fourth among their top objectives. No. 1 on that list: collaborating…