treasury-services

Vocabulary Word

Definition

'Treasury services' are a set of services that banks offer to businesses or government to handle their money. These services can include things like processing transactions, managing cash flow, and helping with various financial tasks.

Examples in Different Contexts

In financial management, treasury services provide support in handling transactions, investments, and financial assets efficiently. A financial manager might note, 'Adopting advanced treasury services has streamlined our financial operations and boosted our bottom line.'

Practice Scenarios

Tech

Scenario:

Our focus should be on building great products, we don't want to be tied down managing payments and receivables.

Response:

Getting tied up in that could stifle innovation. If we invest in strong treasury-services, we can delegate the task and focus on development.

Accounting

Scenario:

We need to manage our and our clients' money more effectively. What opportunities do you see?

Response:

We can strengthen our liquidity management. Utilizing treasury services would free up some of our resources.