IUP on Treasury Management: Trends and Developments

The global financial markets, emerging free from controls, present the corporate houses with numerous opportunities for raising and deploying funds. The opening up of the markets has ensured a better flow of funds across and also within borders and this has accentuated the role of treasury in managing funds and risk management. A good treasury will be essential for smooth functioning of a business. Ensuring that the business does not run short of funds in either the short run or the long run is the major responsibility of a treasurer along with the productive deployment of funds. This role of the treasury will ensure that the corporate can concentrate on the core business activities. Global cash management has seen rapid advances relieving the corporate houses of unnecessary repeated transactions. The recent developments on the treasury front are the financial supply chain management (FSCM) and outsourcing of the treasury operations. There have been efforts to benchmark treasury management operations so as to have a good understanding of the concepts and the operational techniques. An effective treasury is very important in managing the assets and making a significant contribution by supporting the organization’s core business activities.In this context, this book, The Icfai University Press on Treasury Management – Trends and Developments, makes useful reading, capturing the important perspectives of treasury management and the recent developments and practices. It presents a series of well-written articles that bring out the essence of the happenings in the subject.