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Treasury management is the process of managing money and cash flow for a business entity.
Treasury management can be defined as the function of managing the money and cash flow for a business entity. It includes activities like:
- Working capital management
- Risk management
- Investing
- Banking
- Financing
- Payroll management
Treasury management is a process of managing the funds in an organization. It includes the activities related to budgeting, planning, and controlling financial resources.
The functions of treasury management are as follows:
- Budgeting: The process of preparing a plan for the use of funds in an organization.
- Planning: The process of developing a plan for future events or projects that will require money from the organization.
- Controlling Financial Resources: The process of monitoring and controlling financial resources within an organization
The functions of treasury management are to ensure that funds are available when needed, that they are invested in appropriate and profitable projects, to help manage liquidity risk, and to ensure that the company has enough cash on hand to pay its bills.
Apart from this its functions includes:
- Contribute revenue-generating activities such as sales or advertising.
- Maximize revenue through pricing strategies.
- Diversify revenue streams by using different marketing channels or products.
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