Overview

Treasury Management is the process of planning, managing, controlling, and optimizing an organization's cash, liquidity, funding, investments, and financial risks. It ensures that an organization has sufficient funds to meet its financial obligations when they fall due while making effective use of surplus cash.

Treasury management is important in commercial banks, investment institutions, corporations, SACCOs, insurance companies, government entities, and other organizations because poor cash and liquidity management can create financial difficulties even when an organization is profitable.

At its core, treasury management seeks to balance four major objectives:

Liquidity + Safety + Profitability + Risk Management

Target Participants

• Treasury officers and managers
• Bankers and financial institution professionals
• Accountants and finance managers
• Chief financial officers
• Investment officers
• Risk managers
• Corporate finance professionals
• SACCO and microfinance professionals
• Internal and external auditors
• Business owners and financial managers
• Government finance officers

FUNDAMENTALS OF TREASURY MANAGEMENT

Module 1: Introduction to Treasury Management

• Meaning and objectives of treasury management
• Role and importance of treasury
• Treasury functions within an organization
• Corporate treasury versus bank treasury
• Strategic and operational treasury management
• Treasury policies and procedures
• Role of the Treasurer
• Treasury governance and accountability

Module 2: Cash and Liquidity Management

• Cash management principles
• Cash conversion cycle
• Liquidity requirements
• Cash positioning
• Cash concentration
• Bank account management
• Cash pooling
• Liquidity buffers
• Managing surplus and deficit cash
• Liquidity risk indicators

Module 3: Cash Flow Forecasting

• Importance of cash-flow forecasting
• Short-, medium- and long-term forecasts
• Cash-flow forecasting techniques
• Operating cash flows
• Investing cash flows
• Financing cash flows
• Rolling cash forecasts
• Scenario analysis
• Stress testing
• Forecast variance analysis

FUNDING, INVESTMENT AND WORKING CAPITAL

Module 4: Working Capital Management

• Working capital concepts
• Current assets and current liabilities
• Receivables management
• Inventory management
• Payables management
• Cash conversion cycle
• Working capital financing
• Short-term financing strategies
• Optimizing working capital

Module 5: Short-Term Financing and Funding

• Bank overdrafts
• Working capital loans
• Commercial paper
• Trade finance
• Revolving credit facilities
• Term loans
• Interbank funding
• Repurchase agreements
• Supplier financing
• Cost of short-term funding
• Funding diversification

Module 6: Treasury Investment Management

• Investment objectives
• Investment policy
• Risk-return relationship
• Liquidity considerations
• Money-market investments
• Treasury bills
• Certificates of deposit
• Government securities
• Bonds
• Money-market funds
• Investment portfolio management
• Investment performance measurement

FINANCIAL RISK, FOREX AND TREASURY TECHNOLOGY

Module 7: Foreign Exchange Risk Management

• Foreign exchange markets
• Exchange-rate risk
• Transaction exposure
• Translation exposure
• Economic exposure
• Foreign currency cash flows
• Spot transactions
• Forward contracts
• Currency swaps
• Currency options
• Natural hedging
• Foreign exchange risk policies

Module 8: Interest Rate Risk Management

• Understanding interest-rate risk
• Fixed versus floating interest rates
• Interest-rate exposure
• Yield curves
• Interest-rate sensitivity
• Duration
• Interest-rate swaps
• Forward-rate agreements
• Hedging interest-rate risk
• Interest-rate stress testing

Module 9: Treasury Risk Management

• Liquidity risk
• Market risk
• Credit risk
• Counterparty risk
• Foreign exchange risk
• Interest-rate risk
• Operational risk
• Settlement risk
• Funding risk
• Concentration risk
• Treasury risk limits
• Risk monitoring and reporting

Module 10: Treasury Operations and Controls

• Treasury transaction processing
• Front office, middle office and back office
• Segregation of duties
• Authorization controls
• Bank reconciliations
• Confirmation and settlement
• Treasury documentation
• Fraud prevention
• Treasury audit
• Compliance monitoring
• Treasury policies and procedures

Module 11: Treasury Technology and Digital Transformation

• Treasury Management Systems (TMS)
• Electronic banking
• Automated cash management
• Enterprise Resource Planning systems
• Bank connectivity
• Treasury dashboards
• Data analytics
• Artificial intelligence in treasury
• Cybersecurity
• Digital payments
• Real-time cash visibility

Module 12: Treasury Strategy and Performance Measurement

• Developing a treasury strategy
• Treasury key performance indicators
• Liquidity ratios
• Funding costs
• Investment returns
• Cash-flow forecasting accuracy
• Working-capital efficiency
• Treasury risk indicators
• Treasury reporting to management
• Continuous improvement