A corporate treasurer manages the financial activities, cash flow, investments, and banking relationships of a company to ensure efficient and strategic management of its funds in compliance with local regulations and company policies.
Apart from the chairman, the president, the corporate secretary, and the compliance officer, the corporate treasurer is one of the five critical officers of a Philippine corporation, as mentioned in the Philippine Revised Corporation Code.
Corporate treasurers act as financial risk managers who aim to protect a company from the financial risks of running a business. These risks can come in the form of credit, currency, interest rate, liquidity, or operational risks. The corporate treasurer’s job is to create policies illustrating approved risk management methods.
Corporate Treasurer Responsibilities
Triple i Consulting offers corporate treasurer services to locally owned and foreign-owned companies in the Philippines. Equipped with over a decade of experience in outsourcing services, Triple i’s Corporate Treasurer service delivers:
Supervise and present accounts, budgets, and financial statements to the management team
Ensure proper management of budget and financial risks for your company Comment end
Management of bank accounts
Maintaining bank relationships
Establishment of systems for bookkeeping and payments
Ensuring proper reporting and documentation of business funds are enforced
Guaranteeing accurate execution of daily bank settlements
Certifying compliance with local laws and appropriate agencies as well as global regulatory obligations related to treasury
Monitoring cash flows from business activities
Observing foreign exchange, foreign exchange risk, hedging, and accounting positions
Preparing cash flow variance analysis
Providing advice on investment policies
Assessment of cash controls, processes, and financial service utilization
Making sure that fundraising and sales comply with laws and are guided by proper economic systems and controls
Is Assistance Available?
Yes, we’re here to help. Triple i Consulting Inc. has provided reliable business processing solutions to various companies in the Philippines. We help Philippine business owners and managers successfully operate their businesses by assisting them with corporate governance, treasury, bookkeeping, and company compliance.
Our proficiently trained and experienced corporate treasury professionals can efficiently solve your corporate requirements. We can do all the administrative work while you focus on the goals of your business.
The three i’s of Triple i stands for incorporation, immigration, and investment, the three pillars on which the company’s goals are centered. Incorporation signifies Triple I’s mission to help businesses that are starting up. Immigration stands for the foreign individuals and corporations in the Philippines that Triple provides help with regarding visa and immigration needs. Finally, investment denotes that Triple i can guide investors through the necessary procedure for investing in companies based in the Philippines.
Triple i Consulting provides a comprehensive suite of business services in the Philippines, including: