CHAPTER 11.TREASURY’S ROLE IN CASH MANAGEMENT AND WORKING CAPITAL
Many controllers have responsibility for the treasury function along with their other duties. In its broadest sense, treasury covers cash management, corporate finance, and financial risk management. The treasury function undertakes a range of complex and skilled tasks. It works with internal and external stakeholders and plays a key role in the smooth functioning and value creation of an organization.
Chapter 11 includes the following items:
| Chapter 11. Treasury’s Role in Cash Management and Working Capital |
| The Expanding Role of Treasury |
| Cash is King |
| The Components of Cash Flow |
| Cash Flow Management |
| Optimizing Cash Flow |
| Letters of Credit |
| Check 21 |
| Supporting Working Capital Management With Process Improvement |
| Improving Working Capital With a Proactive Vendor Payment Strategy |
| How to Quantify the Benefits of Vendor Payment Analysis |
| Cash Flow Forecasts |
| The Rolling Forecast |
| Supporting Your Multi-Year Financial Forecasts |
| Forecasting Financial Ratios |
| Foreign Exchange Policy Management and Controls |
| Managing Multiple Currencies |
| Foreign Exchange Policy Development Process |
| Electronic Payments |
| What Is ACH? |
| Explanation of Terms |
| Purchasing Cards (P-Cards) |
| Implementing a P-Card Program |
| Ongoing Maintenance of a P-Card Program |
| Wire Transfers |
| International Payment Methods |
| Treasury and Cash Management Standards |
| Improving the U.S. Payment System |
| Case Studies |
| Acknowledgments ... |
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