April 29, 2024
Updated June 7, 2024
4 minute read
Cash Managers, who sit atop treasury operations, are responsible for managing an organization’s cash flow, liquidity, and risk. The primary goal of a Cash Manager is to ensure that an organization has enough cash on hand to meet its obligations while also minimizing the cost of holding cash. In order to achieve this, Cash Managers must have a deep understanding of financial markets, accounting principles, and risk management techniques.
The Role of a Cash Manager
Cash Managers are responsible for a wide range of tasks, including:
- Forecasting cash flow
- Managing bank relationships
- Investing excess cash
- Borrowing money when necessary
- Managing risk
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Find a path to becoming a Cash Manager. Learn more at:
OpenCourser.com/career/to917f/cash
Reading list
We've selected some books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Cash Manager.
Wiley Corporate F&A's flagship handbook by James Sagner provides comprehensive case studies on optimizing the cash conversion cycle across receivables collection, inventory lean management, payables disbursement, and international cash pooling.
Combining accounting mechanics with commercial bank credit appraisal, Bhattacharya's fourth edition examines operating cycle estimation, trade credit equilibrium, factoring, and liquidity stress ratios.
Serving for decades as the foundational textbook for the Certified Treasury Professional (CTP) curriculum, Maness and Zietlow detail net working capital liquidity scales, cash concentration systems, and short-term borrowing.
Reverse factoring, dynamic discounting, and inventory securitization allow buyers and suppliers to simultaneously unlock working capital. Templar, Hofmann, and Findlay connect physical logistics with corporate treasury.
Kallberg and Kenneth Parkinson establish the quantitative foundations of short-term liquidity management, covering Baumol-Tobin and Miller-Orr cash balance models, credit scoring, and commercial paper markets.
Published by Oxford University Press, Lorenzo Preve and Virginia Sarria-Allende decompose operational Financial Management Need (FMN) versus permanent structural capital, illustrating how growth traps starve businesses of cash.
Erik Hofmann examines collaborative supply-chain financing structures—from reverse factoring to dynamic discounting—showing how treasurers unlock liquidity across buyer and supplier networks without straining balance sheets.
Accounts receivable often represent a company's largest working capital asset. Burt Edwards covers trade credit terms, customer credit limits, collection escalation workflows, and export letters of credit.
This practical guide focuses on the integration of cash management and financial planning, emphasizing the importance of aligning cash flow strategies with long-term financial goals. It provides valuable insights for businesses seeking to optimize their financial performance.
This guide provides tailored advice for cash management in emerging markets, addressing unique challenges and opportunities. It covers topics such as managing currency risk, optimizing payment systems, and improving financial resilience.
Takes a strategic perspective on cash management, emphasizing its role in driving business performance. It covers topics such as cash flow forecasting, investment strategies, and risk management, providing insights for businesses seeking to optimize their overall financial health.
Focusing on operational turnarounds in manufacturing and distribution, Ramsden demonstrates how order-to-cash and procure-to-pay process bottlenecks inflate working capital requirements.
Early academic and practitioner synthesis by Michael Firth introduces economic order quantity (EOQ) inventory optimization, trade discount cost calculations, and short-term marketable security management.
Accounting authority Steven Bragg details cash concentration, zero-balance accounts, notional pooling, short-term debt facilities, and working capital metrics for corporate controllers.
Distilling treasury best practices for controllers and division managers, Sagner explains how to benchmark days sales outstanding (DSO), days inventory outstanding (DIO), and days payable outstanding (DPO) against industry peers.
Ali Akbar Shaikh and Ioannis Konstantaras formalize trade-credit, inventory-financing, and payment-delay decisions through mathematical optimization models tailored to modern supply chain liquidity.
Provides a practical approach to cash management, addressing real-world challenges and providing actionable solutions. It includes case studies and examples to illustrate the application of cash management principles and techniques, making it valuable for practitioners seeking to enhance their cash management skills.
Excess work-in-process inventory is the single greatest destroyer of manufacturing working capital. Goldratt's Theory of Constraints business novel shows how eliminating bottlenecks slashes inventory while boosting throughput.
Beata Lubinska details asset-liability management, intraday liquidity buffers, and funds-transfer pricing frameworks, equipping treasury teams to manage short-term funding risk under modern regulatory regimes.
For more information about how these books relate to this course, visit:
OpenCourser.com/career/to917f/cash
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