5 keys to successful treasury integration

[jrineakter]

A company's treasury is one of the central pillars on which the other parts of the company are structured and, in particular, on which its growth is built. Among other things, proper treasury integration helps prevent problems related to finances.

For this reason, it is important to know the main lines that will lead us to have a successful treasury integration in the short and medium term. Let's see what are the five main keys to take into account when it comes to obtaining the maximum performance:

Centralization of treasury
Any company that wants to have its accounts well controlled must undergo a centralization process, thus limiting the financial management that the branches of the company in question will carry out. All decisions that may be handled by the treasury must be taken from the central office, with the primary objective of maintaining maximum control.

In addition, this measure reduces the costs associated with the local administration of each operation, so that this decision serves to generate value and competitive advantages with denmark number data respect to companies that do have decentralized treasuries.

Automate treasury
This decision involves implementing an online treasury management system, as is the case with Holded . With this app, the department in charge of treasury-related operations can put Holded on autopilot so that it connects to the banks and makes purchases for the team in question. This integration helps to optimize resources, since treasurers run less risk of making human errors in routine tasks and can focus their efforts on tasks of greater precision and quality.


Controlling cash flow
The treasury department is responsible for making forecasts that support the company's objectives. If the cash flow forecast is accurate, liquidity and working capital management will be much more reliable.

Wildcard and risk management
Having hedging strategies helps to minimize economic risk, increase price control and avoid losses. These strategies even help to generate predictions on input prices. Thanks to this, the treasurer can advise the rest of the internal departments of the organization and offer a competitive advantage in all the products offered by the company.

Working capital management
Working capital is the money available to carry out the daily activities of a business, and its correct management is a key factor for the future of any company. In this sense, ineffective management of the aforementioned working capital can lead to cash requirements that entail unforeseen financing that is too expensive, which would result in the loss of a certain competitive capacity.