Optimize the Cash Management of your company

Cash management is crucial for any company. A holistic approach, considering all economic and accounting implications of decisions, is essential for effective cash management. A company shoudl consider the following items in order to implement an efficient Treasury management.

Roles and Responsibilities

Define roles and responsibilities across departments within the company, but also between members of the Treasury team, ensuring efficiency and optimal risk management (for example, segregation of duties).

Cash Management

Ensure efficient liquidity management to cover operating needs through comprehensive and easy to refresh cash reports and cash forecast.

Investment Management

Invest surplus cash to earn interest, in accordance with the company's liquidity needs and investment policy.

Financial Risk Management

Identify, assess and manage financial risks related to exchange rates, interest rates, commodities, credit risks, etc., to secure the financial health of the company and implement a cash management strategy accordingly.

Financing Management

Manage internal and external financing to support strategic objectives and liquidity needs of the company, at short, mid and long-terms.

Payment Management

Execute payments in accordance with payment terms and deadlines to maximize the amount of invested cash, considering payment currencies, bank fees, investment yields and relevant payment methods (domestic, urgent, international payments).

Banking Relationship Management

Choose carefully banking partners, considering their geographic footprint, supported currencies, bank fees, reputation, credit rating and their ability to support the company's growth. Consider reporting capabilities that will allow you to streamline and automate processes.

Operational Processes

Define optimized processes and automate them through well designed Excel files, tools (Power Automate, Power Query, Python) or Treasury Management Solutions (TMS). Leverage Generative Artificial Intelligence such as ChatGPT to help automating your processes (eg help for coding).