Strategic Treasury Management in Capital-Intensive Industries

Abstract

Efficient treasury management represents a critical component of financial administration in any organization, directly impacting financial balance, stability, and overall performance. This paper provides a detailed analysis of the treasury operations recorded in the accounting of S.C. COMVEX S.A., a leading company in Romania's port industry. The study highlights the company's strategies for managing operational, investment, and financing cash flows, emphasizing the challenges and risks associated with financial management in a capital-intensive and highly dynamic sector. Key findings reveal that operational activities generate positive cash flows, underscoring the efficiency of the company's core processes. However, significant investments in infrastructure and equipment, along with debt repayments, create liquidity pressures. The dependency on external funding further amplifies financial risks, particularly under volatile economic conditions. This research proposes a series of measures to improve liquidity management, including optimizing the cash conversion cycle, strategically planning investments, creating a dedicated liquidity reserve fund, forecasting cash flows accurately, and implementing stricter debt control policies. The study concludes that strategic treasury management is pivotal not only for ensuring the day-to-day financial stability of the company but also for supporting long-term growth and maintaining competitiveness in the global port logistics sector. These findings provide valuable insights for practitioners and researchers interested in financial management practices within strategic and capital-intensive industries.