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virtual accounts Archives - NeuGroup

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August 20, 2020

Virtual Accounts Can Be a Multipurpose Tool

Goldman Sachs wants to show treasurers the multiple ways virtual accounts can help with efficiency in a variety of transactions. Virtual accounts can help overcome a range of impediments when it comes to creating efficient and straight-through transaction processes. This is what has driven their growth from a simple receivables management tool to a multipurpose one that can help bank and bank account rationalization, on-behalf-of transactions and the once highly manual reconciliations process. Payments/Receipts On Behalf Of (POBO/ROBO)Virtual accounts can…
Ted Howard
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Cash & Working CapitalRegionalRisk ManagementTreasury Management
June 2, 2020

Founder’s KTAs from NeuGroup for European Treasury Peer Group 2020 H1 Meeting

By Joseph Neu The European Treasury Peer Group 2020 H1 meeting took place last week, sponsored by HSBC. Here are some takeaways that I wanted to share: COVID-19 validates regional treasury centers. HSBC said the case for regional treasury centers has been further validated by the pandemic. In comments on how clients have shown resilience and are preparing for markets to reopen, the bank noted the importance of real-time global exposure information, including a centralized liquidity and risk management framework; but also critical…
Ted Howard
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