Enhancing Business Operations with Effective Treasury Management
Effective treasury management is crucial for any business, distinguishing successful organizations from those struggling to maintain financial stability. It ensures adequate cash flow for operations and evaluates commercial lending and deposit partners.
Basic Concept
Treasury management involves managing money and financial risks within a business. Its main focuses are to ensure sufficient liquidity for daily operations and develop risk management strategies for the organization’s future.
Key Objectives
The primary objectives of treasury management include maintaining cash flow and liquidity and creating strategies that align with business goals. It also addresses various financial risks, such as liquidity, credit, currency, interest rate, and operational risks, while developing future risk management policies.
Important Functions
Key functions of a treasury department include:
- Minimizing financial risk by monitoring exposure sources and deploying effective solutions.
- Managing liquidity to meet financial obligations.
- Forecasting cash flow and conducting variance analysis for strategic decision-making.
- Assisting with trade finance and minimizing risks associated with third-party dealings.
- Managing foreign risk for companies operating in multiple currencies.
- Processing payments and centralizing financial data for better visibility.
By focusing on these areas, treasury management supports organizational growth and financial health.
Utilizing Treasury Management services in addition to other well-known commercial lending and deposits solutions may enhance your business operations, enabling it to thrive—today, tomorrow, and for years to come. Popular services include, but are not limited to:
- Cash Management | Enhanced online banking functionality including ACH Origination, Wire Transfer, Positive Pay, and Business Bill Pay.
- Remote Deposit Capture | Save time and money by depositing checks from the convenience of your office.
- Merchant Services | Secure authorization and processing of credit and debit card transactions.
- Lockbox | Reduce time out of your collections process by automating receivables posting.
Be sure to check in with your financial institution to ensure you have everything your business needs and identify any gaps that might be present.
Learn more about Indiana Members Credit Union's Treasury Management Services here: https://www.imcu.com/business/treasury-management
Jessica Billman is a Treasury Management Officer for Indiana Members Credit Union, serving the Indianapolis market with a strong focus on Johnson County. A Johnson County resident herself, Jessica is passionate about building lasting relationships and takes pride in helping local businesses and organizations find the right financial solutions to support their growth and success.
Connect with Jessica today!
Jessica Billman, Treasury Management Officer
Indiana Members Credit Union
jbillman@imcu.com
www.imcu.com
317-554-5814