In today's business world, managing money wisely is crucial. With financial rules and technology changing rapidly, companies face tough competition and need to handle cash efficiently. This responsibility usually falls on the treasury department. Their job is to plan, organize, and control cash to meet the company's financial goals.
The Certified Corporate Treasury Manager (CCTM)® exam tests how well someone understands treasury functions. It covers things like keeping enough cash on hand, getting funds from different sources, managing currencies, cash flows, and corporate finance strategies. Many treasury leaders focus on technology, hiring good people, and improving customer experience, but they often overlook a key factor: marketing.
Treasury Management involves planning, organizing, and controlling a company's funds and working capital to make the best use of money, maintain liquidity, reduce costs, and manage risks. It includes managing working capital, currencies, corporate finance, and financial risks. The main goal for any business is to increase its value, and treasury management helps achieve this by maximizing cash liquidity, especially for companies with fluctuating cash needs. It ensures that a company always has enough cash to operate smoothly.
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