Treasury Excellence

Operating treasury at outlier-class — daily liquidity, 13-week cash, FX hedging, banking discipline and counterparty risk under one framework.

Cash, liquidity, banks, working capital, FX hedging, counterparty risk; maturity, KPIs, governance.

4 chapters

Chapters

1.Liquidity Architecture
2.FX Hedging Policy & Execution
3.Banking & Counterparty Discipline
4.Treasury Maturity Model™

Chapter 1

Liquidity Architecture

Daily liquidity, 13-week direct cash and a stress-tested liquidity coverage ratio replace 'gut-feel' cash management.

Board & Management Relevance

Ends surprise overdraft calls and gives the board confidence that liquidity is governed.

Key Operating Questions

·What is today's available liquidity by entity and currency?
·What is our minimum liquidity buffer policy?
·How robust is the 13-week forecast to a 20% revenue shock?

Implementation Checklist

·Publish daily liquidity report
·Maintain a 13-week direct cash model
·Stress-test liquidity quarterly

frameworkOutliers Treasury Excellence Framework™toolkit13-Week Cash Flow Template dashboardTreasury Dashboard™

Chapter 2

FX Hedging Policy & Execution

A board-approved FX policy with hedge ratios, instruments and effectiveness measurement — not opportunistic punting.

Board & Management Relevance

Protects margins and earnings volatility in a structurally NGN-depreciating environment.

Key Operating Questions

·What is our net open FX position by tenor?
·What instruments are sanctioned by the board?
·How do we measure hedge effectiveness?

Implementation Checklist

·Adopt and circulate the FX policy
·Track net open position daily
·Report hedge effectiveness quarterly

toolkitFX Exposure Register Template dashboardTreasury Dashboard™

Chapter 3

Banking & Counterparty Discipline

Banks are scored on price, service, balance-sheet and reciprocity; counterparty risk is monitored continuously.

Board & Management Relevance

Reduces concentration risk and improves the cost of funds.

Key Operating Questions

·What is our share of wallet per bank?
·How do we monitor bank counterparty risk?
·What is the trigger to reduce exposure?

Implementation Checklist

·Run an annual bank scorecard review
·Set counterparty limits per bank
·Diversify operational and investment balances

toolkitBank Relationship Scorecard frameworkOutliers Treasury Excellence Framework™

Chapter 4

Treasury Maturity Model™

A five-stage ladder from manual-reactive to predictive-strategic treasury, with clear evidence anchors.

Board & Management Relevance

Frames treasury investment decisions and benchmarks performance against peers.

Key Operating Questions

·What stage is our treasury function at today?
·What is the 24-month maturity target?
·What investments unlock the next stage?

Implementation Checklist

·Run the Treasury Health Assessment™
·Agree maturity target with CFO and Treasurer
·Publish 24-month treasury roadmap

frameworkOutliers Treasury Maturity Model™assessmentTreasury Health Assessment™

Recommended Next Action

Translate this part into practice

Run the linked assessment to baseline current state, then use the related toolkits and dashboards to instrument the discipline. Book an advisory session if you want the Outliers team to operate it with you.

Run: Treasury Health Assessment™ Book Advisory CFO Excellence Centre

Part II · The CFO Operating System Part IV · Board Reporting