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Treasury management involves the process of managing the cash, investments and other financial assets of the business. The goal of these activities is to optimize current and medium-term liquidity and make solid financial decisions involving invested and investable assets. Treasury management also includes hedging where needed to reduce financial risk exposure. Treasury management's functions include:

- Cash Flow Management - Float - Relationships and Risks - Information Sharing

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Q: What is the importance of treasury management under harsh economic conditions?
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