Treasury & Liquidity
The full treasury and liquidity service.
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Sector
Treasury Build-Out for Growth Companies.
Treasury framework design and implementation for fast-growing and scaling companies. Cash visibility, forecasting, banking, FX, and governance.
Growth Companies
Treasury build-out for fast-growing and scaling companies.
Growth outpaces structure. Companies that scale quickly often reach a point where revenue, headcount, and geographic footprint have moved ahead of the treasury function that needs to support them. Firma Advisory designs and implements the treasury framework that allows finance to scale at the rate the business requires.
Symptoms
When growth has outpaced the treasury function.
No real-time cash view
Liquidity is reconstructed each week or month. The CFO cannot answer "where is our cash" without preparation.
Manual processes
Critical financial workflows depend on individuals and spreadsheets. Operational risk is embedded.
Banking accumulated, not designed
Bank accounts have been added as needed. There is no overall banking strategy or pricing transparency.
FX without policy
FX is executed reactively. There is no policy, framework, or benchmark.
Reporting that doesn't scale
Financial reporting requires manual consolidation across entities and currencies, growing slower as the company grows.
Limited senior bench
The finance team is capable but stretched. There is no senior treasury bench inside the company, and hiring one is premature.
Method
From first principles to operating framework.
Define
Define what treasury needs to do for this company at its current scale and at its expected scale in 12–24 months.
Design
Design the structure: cash visibility, forecasting, banking footprint, FX framework, governance, and reporting.
Build
Implement the systems, processes, and controls. Connect banks, integrate systems, and document the framework.
Transfer
Transition operating responsibility to the internal team. Establish the review cadence that maintains discipline over time.
Outcomes
A treasury function that scales with the business.
Real-time cash visibility
Daily visibility of cash positions across entities, currencies, and accounts.
Forward-looking forecasting
Cash forecasting that supports operating decisions, not just describes outcomes.
Structured banking
The right banks, in the right roles, with pricing aligned to scale.
FX policy and execution
A documented policy and execution framework, with reporting on cost and exposure.
Audit-ready governance
Processes, controls, and documentation that support audit, investor diligence, and future scaling.
Reduced operational risk
Manual workflows reduced or eliminated. Single points of failure addressed.
Suited For
Where this work creates the most value
Series B / Series C companies
Funded growth companies with revenue past USD 20M and increasing international complexity.
Pre-IPO companies
Companies preparing for an IPO or significant capital raise that need audit-ready financial infrastructure.
Post-spin or carve-out
Newly independent entities standing up the treasury function for the first time.
FAQ
Treasury Build-Out: Common Questions
How long does a treasury build-out take?
Foundational frameworks can be designed and implemented in eight to sixteen weeks. Continuous improvement and additional capabilities extend beyond, often on a retainer basis.
Do we need to hire a Head of Treasury first?
Not necessarily. Many growth companies engage Firma Advisory in lieu of hiring a senior treasurer before scale justifies it. We design the framework, implement it with the existing team, and support the company until a permanent senior hire is the right decision.
What systems do you recommend?
System selection is contextual: it depends on existing infrastructure, banking footprint, and growth horizon. We are vendor-independent and select tools that fit the company, including treasury management systems, multi-bank platforms, and reporting tools.
Will the framework remain useful as we scale further?
Yes. Frameworks are designed to scale, with clear extension paths as the company grows in revenue, geographic footprint, and complexity.
Engage
Discuss your financial priorities with us.
A brief, confidential conversation is the most efficient way to determine where Firma Advisory can support your organization.