This is a very critical function of a treasurer. When additional funds are required, access how much is required and where to raise the same from. Decide the best available choice as per the risk appetite of the organization – debt, equity, combination of debt and equity, structuring, etc or changing the existing manner of functioning that will impact the cash requirements or cash utilization or cash collection.
It is the duty of the treasury manager to ensure that the organization has the required funds at hand, so key tasks are not stuck for the want of cash. It could mean raising more capital / funds either through capital (IPO / FPO / Private Placement, etc) or through debt – loans, etc.
Availability of fund in the right quantity is the core objectives of treasury management. Additionally, the treasury manager has also to ensure that the funds are just adequate for the requirements, neither more nor less. Idle cash will mean loss of interest and will not result in effective return on capital.