> ## Documentation Index
> Fetch the complete documentation index at: https://every.help/llms.txt
> Use this file to discover all available pages before exploring further.

# Treasury

> Treasury management and cash optimization in Every

## Treasury Management

Optimize your company's cash management with Every's treasury tools.

### Cash Management

Maximize the value of your company's cash:

<CardGroup cols={2}>
  <Card title="Cash Positioning" icon="trending-up">
    Real-time view of cash across accounts
  </Card>

  <Card title="Yield Optimization" icon="trending-up">
    Earn interest on idle cash
  </Card>

  <Card title="Forecasting" icon="sparkles">
    Predict future cash needs
  </Card>

  <Card title="Liquidity Management" icon="droplet">
    Ensure sufficient operating cash
  </Card>
</CardGroup>

### Treasury Dashboard

Comprehensive view of your treasury:

<Tabs>
  <Tab title="Cash Position">
    **Current Status:**

    * Total cash balance
    * Available liquidity
    * Reserved funds
    * Invested balances
    * Cash by account type
    * Cash by entity (if applicable)
  </Tab>

  <Tab title="Yield Analysis">
    **Earnings:**

    * Current APY by account
    * Total interest earned (MTD, YTD)
    * Projected annual yield
    * Opportunity cost of idle cash
    * Benchmark comparisons
  </Tab>

  <Tab title="Cash Flow">
    **Movements:**

    * Daily cash inflows
    * Daily cash outflows
    * Net daily position
    * Weekly trends
    * Monthly patterns
  </Tab>
</Tabs>

### High-Yield Accounts

Earn more on your cash balances:

<Steps>
  <Step title="Assess Cash Needs">
    Determine operating cash requirements
  </Step>

  <Step title="Identify Excess Cash">
    Calculate surplus cash available to invest
  </Step>

  <Step title="Select Account Type">
    Choose high-yield savings or money market
  </Step>

  <Step title="Transfer Funds">
    Move excess cash to yield-bearing account
  </Step>

  <Step title="Monitor & Rebalance">
    Regularly review and adjust allocations
  </Step>
</Steps>

### Account Types

Different accounts for different needs:

| Account Type       | Typical APY   | Liquidity          | Best For            |
| ------------------ | ------------- | ------------------ | ------------------- |
| Checking           | 0.01% - 0.50% | Immediate          | Daily operations    |
| High-Yield Savings | 4.00% - 5.50% | 1-3 business days  | Short-term reserves |
| Money Market       | 4.50% - 5.00% | 1-3 business days  | Emergency fund      |
| Treasury Bills     | 5.00% - 5.50% | Matures 4-52 weeks | Strategic reserves  |
| CDs                | 4.50% - 5.50% | At maturity        | Long-term savings   |

<Note>
  APY rates are indicative and subject to market conditions
</Note>

### Sweep Accounts

Automatically optimize cash:

**How Sweeps Work:**

1. Set target balance for operating account
2. Excess cash automatically sweeps to high-yield account
3. Cash returns when operating account drops below target
4. Happens daily, automatically

**Benefits:**

* Maximize interest earnings
* Maintain liquidity
* No manual transfers needed
* Optimize every dollar

### Cash Forecasting

Predict future cash positions:

<AccordionGroup>
  <Accordion title="Short-Term Forecasting">
    **Next 30 Days:**

    * Scheduled payroll
    * Upcoming bills
    * Expected customer payments
    * Recurring revenue
    * Seasonal patterns
  </Accordion>

  <Accordion title="Medium-Term Forecasting">
    **Next 90 Days:**

    * Quarterly tax payments
    * Planned capital expenditures
    * Growth investments
    * Debt service
    * Budget projections
  </Accordion>

  <Accordion title="Long-Term Forecasting">
    **Next 12 Months:**

    * Annual budgets
    * Strategic initiatives
    * Expansion plans
    * Major purchases
    * Funding needs
  </Accordion>
</AccordionGroup>

### Liquidity Management

Ensure you have cash when you need it:

**Liquidity Ratios:**

* **Current Ratio** - Current assets / current liabilities
* **Quick Ratio** - (Current assets - inventory) / current liabilities
* **Cash Ratio** - Cash / current liabilities

**Target Benchmarks:**

* Maintain 3-6 months operating expenses in liquid accounts
* Keep 30 days expenses in checking
* Invest excess in high-yield accounts

<Warning>
  Insufficient liquidity can lead to missed opportunities or operational disruptions
</Warning>

### Investment Options

Safe, short-term investment vehicles:

**Treasury Securities:**

* **T-Bills** - 4 week to 52 week maturities
* **T-Notes** - 2 to 10 year maturities
* Backed by U.S. government
* Highly liquid
* Competitive yields

**Money Market Funds:**

* Professional management
* Diversified holdings
* Daily liquidity
* Stable \$1 NAV target
* Low risk

**Commercial Paper:**

* Short-term corporate debt
* 1 to 270 day maturities
* Higher yields than treasuries
* More risk than government securities

<Tip>
  Consider a ladder strategy with staggered maturities for regular liquidity
</Tip>

### Debt Management

Manage business debt effectively:

**Outstanding Debt:**

* View all loans and credit lines
* Track payment schedules
* Monitor interest costs
* Calculate debt ratios
* Plan payoff strategies

**Refinancing Opportunities:**

* Monitor interest rate environment
* Compare current rates to market
* Calculate refinancing savings
* Evaluate prepayment penalties

### Working Capital Management

Optimize your working capital cycle:

**Components:**

1. **Accounts Receivable** - Money customers owe you
2. **Inventory** - Products or materials on hand
3. **Accounts Payable** - Money you owe vendors

**Optimization Strategies:**

* Accelerate receivables collection
* Extend payables (strategically)
* Minimize inventory holding
* Negotiate better payment terms

### Banking Relationships

Manage relationships with financial institutions:

* Track all banking partners
* Monitor account terms and fees
* Compare service offerings
* Negotiate better rates
* Consolidate where beneficial
* Diversify for risk management

### Foreign Exchange

Manage currency exposure:

**FX Services:**

* Multi-currency accounts
* Spot FX trades
* Forward contracts
* Currency hedging
* Real-time exchange rates

**Use Cases:**

* International payments
* Foreign receivables
* Currency risk hedging
* Global expansion

### Treasury Policies

Establish treasury management policies:

* **Investment Policy** - Allowed investment types and limits
* **Counterparty Policy** - Approved financial institutions
* **Liquidity Policy** - Minimum cash requirements
* **Risk Management** - Risk tolerance and limits
* **Authorization Policy** - Approval requirements

### Compliance and Controls

Maintain strong treasury controls:

<AccordionGroup>
  <Accordion title="Segregation of Duties">
    * Separate initiation and approval
    * Multiple signers for large transactions
    * Independent reconciliation
    * Audit trails
  </Accordion>

  <Accordion title="Documentation">
    * Transaction confirmations
    * Investment certificates
    * Account statements
    * Reconciliation records
    * Policy documents
  </Accordion>

  <Accordion title="Reporting">
    * Daily cash position
    * Weekly treasury report
    * Monthly investment performance
    * Quarterly risk assessment
    * Annual policy review
  </Accordion>
</AccordionGroup>

### Treasury Reports

Generate comprehensive treasury reports:

* **Cash Position Report** - Current cash by account
* **Cash Flow Report** - Inflows and outflows analysis
* **Yield Report** - Interest earnings and APY
* **Liquidity Report** - Available cash and reserves
* **Investment Portfolio** - Holdings and performance
* **Debt Service Schedule** - Upcoming debt payments

### Risk Management

Identify and manage treasury risks:

**Types of Risk:**

* **Credit Risk** - Counterparty default risk
* **Liquidity Risk** - Inability to meet obligations
* **Interest Rate Risk** - Rate fluctuations impact
* **Currency Risk** - FX exposure
* **Operational Risk** - Process failures

**Mitigation Strategies:**

* Diversify counterparties
* Maintain liquidity buffers
* Use rate hedging instruments
* Natural hedging for FX
* Strong internal controls

<Note>
  Regular risk assessments help identify and address treasury risks proactively
</Note>

### Automation

Automate treasury operations:

* Automated cash sweeps
* Scheduled transfers
* Auto-invest excess cash
* Rebalancing rules
* Alert thresholds
* Report generation

### Treasury Best Practices

Optimize your treasury function:

1. **Daily Cash Management** - Review position daily
2. **Regular Forecasting** - Update forecasts weekly
3. **Yield Optimization** - Don't let cash sit idle
4. **Relationship Management** - Build strong bank relationships
5. **Policy Adherence** - Follow treasury policies
6. **Continuous Improvement** - Regularly review and optimize

### Getting Treasury Support

Access treasury expertise:

* Dedicated treasury advisor
* Cash management consultation
* Investment strategy guidance
* Policy development support
* Market insights and updates
* Best practice recommendations