The objective of this research was to analyze treasury management in small and mediumsized companies in Colombian -Venezuela.The analysis provided the interpretation of the financial management of these countries, which gives SMEs the possibility of optimizing their financial operations to measure and expand the scope of objectives and goals towards the production of benefits.The research carried out was of a quantitative nature, due to the fact that data or variables were collected and assigned a value to establish measurement points and perform computations.Considering the above, the results obtained showed that the organization uses treasury management to coordinate activities that allow achieving optimal results in the company and contribute to maintain a good liquidity in the face of imperfections in the collection and payment systems.