Liquidity is one of the most underestimated assets in business financial management. Everyone talks about sales, costs, results. But without one Good money available -The box, as is known in jargon-, no company can be sustained for a long time.
Managing liquidity well is not just making sure Have money to pay salaries or suppliers. It is having a clear strategy about what to do with the funds while they are in account. Because idle money also costs: It loses value against inflation, yields zero (or negative), and represents a missed opportunity.
And in volatile contexts such as the current one -where the rates, the exchange rate and the rules of the game change -that management becomes even more critical. In these scenarios, The difference between a passive and an active treasury can be huge, both in financial and operational terms.
Many companies fall into the “trap” of comfort. Leaving them in checking may seem safe, but in reality it is a silent way of losing value. And at the same time, go out to invest without order or criteria can generate more problems than solutions. The key is to manage that liquidity with intelligence, without the need to assume great risks or become an expert in finance.
The capital market offers alternatives that combine Safety, performance and liquidityand that adapt to different company profiles.
In this note I propose a specific step by step that we use with many companies in coconuts to turn the box into a strategic tool.
Step 1: Make the diagnosis of your treasury
Before moving a single weight, you have to understand the current photo well. These questions help you do it:
- How much money do I have today?
Add the balance of bank accounts, small box and funds in sight. That is your “pool” of liquidity.
- What payments do I have in the next 7, 30 and 60 days?
Arm a maturity schedule: salaries, suppliers, taxes, etc.
- How much do I need to always have on hand?
That is your security mattress. In many companies it represents between 20% and 40% of the total box.
- What surplus can I invest for 7, 14 or 30 days without affecting the operation?
This is your real ability to optimize.
- Am I using efficient means of payment?
Many payments are made with debit or credit, with high costs. Using Echeqs can reduce bank commissions, give predictability and orderand generate real savings on a day -to -day basis.
With the diagnosis in your hand, you can put together a segmented liquidity portfolio. Logic is simple: Do not put everything in one place and choose tools according to the need for availability.
Immediate liquidity (0 to 3 days)
Recommended instrument: Money Market funds
- They are rescued in the day and pay more than a current account.
- Ideal to cover unforeseen or last minute payments.
Short -term liquidity (7 to 30 days)
Recommended instruments:
- Stock savings: Loans between investors, with guarantee and attractive rates.
- Treasury Lyrics: Instruments with a lot of liquidity and higher rates than traditional bank fixed deadlines (with rates that range between 32 and 34% of TNA at the time of writing this note).
Strategic liquidity (30 to 90 days)
Recommended instruments:
- Longer Treasury Lyrics.
- Adjustable bonds for Cer or Dollar-Linked: to cover yourself against inflation or exchange risk.
- For those who have exposure to the dollar there are options such as bonds and negotiable obligations or yields that function as partial coverage (here we must distinguish between importer and non -importing clients, since the former can only operate active law and make purchases in pesos so as not to be excluded from the MULC).
As good practices
Check the strategy monthly. The context changes all the time.
Avoid improvising exchange coverage. It only makes sense if there are income or debts in dollars.
Use echeqs. They reduce costs, order payments and allow better plan.
Coordinate areas. Treasury, finance and direction must be aligned.
Calculate the cost of doing nothing. A current account without yield can mean thousands (or millions) lost every month.
The important thing is not to improvise. Liquidity management should not be an isolated day -to -day decision, but a strategy designed with vision. Coordinate Treasury, Finance and Planning, have a periodic monitoring of the portfolio and review the economic context are often key practices.
In short, in volatile scenarios, the well -managed box can be a competitive advantage. Sleeping calm knowing that the company’s money is safe, available and paying, it is not a luxury: it is a good practice.
In Cocos Companies we work with the hearts of the companies: their treasury. We help companies better manage their liquidity, to protect themselves from exchange risk, to finance when they need to grow and plan with a long -term look. We do not come to offer a loose product: we come to think together how to make finance play in favor of the business. In that sense, Cocos expands at the regional level: recently We inaugurate offices in Córdoba to accompany companies.
Capital Cocos Banking Manager.-
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
