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1, It provide right amount of funds from right sources at affordable rates
2. It tries to keep balance between liquidity and profitability
3. It deals with reducing financial expenses
4. will keep good relation with its banking system
Treasury’s role has continued to expand as it shifts from being a guardian of an organization’s assets to a creator of value within the organization. The department’s expanded role can be attributed to the emphasis placed on cash management and liquidity in the current economic environment and the close attention being paid to a company’s liquidity and risk exposure by senior management and the Board.
Treasury takes a lead role in many activities beyond the traditional ones in cash management; they include bank relationship management as well as short- and long-term borrowing. Financial professionals anticipate that their organization’s treasury department’s key areas of focus over the next two years will be cash management and forecasting. With many organizations having overseas operations or conducting global commerce, Treasury is a leader in a number of functions, including but not limited to cash management and global banking.
It is also a vital player in foreign exchange risk management. With the closer scrutiny of Treasury’s performance by senior management and greater visibility of the treasury function, Treasury is increasingly more accountable to an organization’s executive management and Board of Directors. However, in spite of the closer scrutiny on the department and the greater visibility, nearly half of financial professionals do not believe their organizations use the full potential of Treasury’s skills and talent to optimize financial performance. It begs questions, why have organizations not taken full advantage of Treasury’s skills? Is a lack of resources limiting Treasury’s ability to play a bigger role? The fault may lie with Treasury itself. Perhaps it has not effectively communicated or promoted its skill set throughout the organization. As Treasury’s strategic role continues to expand and evolve, it is vital that treasury departments develop their communications skills to build and maintain effective partnerships with their organizations’ executives, Boards and business units.
