Tuesday, 26 February 2019
Managing money—cash, investments, receivables and the associated risk—is an ongoing challenge for every business.
Many businesses have various individuals or departments managing different parts of their financial responsibilities, but treasury management offers a single operational strategy that manages and oversees all areas of the business's finances.
Most treasury management operations handle collections, disbursement, information reporting, capital management, currencies and risk management. All these areas are distinct but related: For instance, without timely collections, a business may not have the cash flow on hand to pay bills when they're due. And without managing risk appropriately, a business may not make sound decisions for excess cash.
A sound, unified approach to treasury management doesn't just keep a business from running out of money or making a bad investment. It also maximizes profits and ensures, that at all times, a company has the cash it needs to continue operating effectively.
Here are four important ways that treasury management can benefit a business of any size.
Learn more about treasury management and how it can improve your business operations and financial picture by contacting a BBVA Compass banker.
The content provided is for informational purposes only. Neither BBVA Compass, nor any of its affiliates, is providing legal, tax, or investment advice. You should consult your legal, tax, or financial advisor about your personal situation. Opinions expressed are those of the author(s) and do not necessarily represent the opinions of BBVA Compass or any of its affiliates. All accounts and credit are subject to approval, including credit approval. BBVA Compass is a trade name of Compass Bank, a member of the BBVA Group. Compass Bank is a Member FDIC.
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