What is budgeting and treasury?

Budgeting is the process of planning and allocating an organization's financial resources for a specific period. It includes preparing the budget, monitoring its execution, and analyzing deviations. The goal of budgeting is to ensure the efficient use of funds and the achievement of strategic objectives.

Treasury is a division or function within a company responsible for managing cash flows, liquidity, financing, and risks related to cash. Treasury ensures timely receipt and expenditure of funds, optimizes financial operations, and maintains the organization's solvency.